sector 108

Fuel prices in Mumbai saw a significant jump on Monday, with petrol increasing by Rs 2.72 to Rs 111.21 and diesel by Rs 2.81 to Rs 97.83. This marks an approximate Rs 8 surge in just 11 days. The escalating diesel costs, alongside reported fuel shortages elsewhere, are causing considerable worry for the transport and logistics industry.

ONGC has appointed BP as a technical services provider to boost output from its western offshore oil and gas fields. This partnership aims to increase crude oil production by 10.8% and natural gas production by 31.5% over a 10-year contract period, enhancing India's energy security.

US stocks edged higher, nearing record highs as easing bond market pressure and strong corporate earnings bolstered investor sentiment. Treasury yields slightly retreated, offering relief from rising borrowing costs. Oil prices also declined, though gasoline prices continued to climb. Investor focus now shifts to Nvidia's upcoming earnings report.

India's ambitious piped natural gas expansion is significantly hampered by a severe shortage of certified gas plumbers. Despite government targets, only a fraction of the required household connections are being made daily. This bottleneck leaves millions waiting for installations, even with pipelines at their doorstep, impacting the nation's energy goals.

Every Re 1 hike in petrol, diesel, CNG, and LPG costs feeds into inflationary pressures in the economy, and also indirectly impacts discretionary spending, hence hitting growth channels.

A 32-year-old woman allegedly died by suicide at her Gurugram office. Her husband was arrested on charges of abetment to suicide following a complaint by her brother, who alleged prolonged mental, physical, and financial harassment. The woman was reportedly beaten and taunted over caste, with her husband allegedly controlling her salary.

Govt Hosps Not Keep Meds Less Than 3 Months Expiry

Fuel prices have seen a third hike in under 10 days as global crude oil prices surge due to the West Asia conflict and Strait of Hormuz disruptions. State-run oil companies are facing significant losses, prompting these revisions after a period of unchanged prices. India is taking steps to secure energy supplies and urges citizens to conserve fuel.

Fuel prices saw a Rs 3 per litre increase on Friday. This move follows significant losses for state-run oil companies due to soaring global crude oil prices. The conflict in West Asia disrupted key shipping routes, pushing up import costs for India. This price adjustment comes after a period of frozen rates, impacting transportation and other sectors.

The Centre has repeatedly asserted that there is no fuel shortage in the country and no plan to introduce rationing of petrol, diesel or LPG despite disruptions in global energy shipments linked to the Iran conflict and the Strait of Hormuz crisis.

Co Submitted Resolution Plan In Oct 2024, Reached Settlement With Lender In Jan

India's labor market is shifting from agriculture to non-farm jobs, yet agriculture remains a significant employer. While overall labor force participation is steady, stark gender, caste, and geographic inequalities persist, impacting access to stable, better-paying work. Informality continues to dominate, with a substantial portion of casual workers earning below minimum wages.

South Korea has introduced Gabi, its first humanoid robot monk, at a Buddhist ceremony in Seoul. Developed on a Chinese platform, Gabi participated in traditional rituals, receiving a Dharma name and expressing devotion to Buddhism. This initiative by the Jogye Order aims to engage younger generations and address a shortage of monks, showcasing technology's expanding role in religious practices.

Telangana's development narrative is challenged by a stark reality: thousands lack basic amenities like toilets, tap water, and electricity. A recent survey reveals deep inequalities, particularly affecting Scheduled Tribes and Castes, highlighting persistent social and economic backwardness despite claims of progress. This disparity impacts health, dignity, and overall quality of life for many.

General consultant to assist in development of two projects