New Delhi: Bharat Petroleum Corporation Ltd (BPCL) on Thursday said the Mozambique LNG project has achieved 42% completion following resumption of work after force majeure condition was lifted in Nov 2025.Located in Offshore Area 1 Concession in Mozambique and operated by French energy giant TotalEnergies, an investment of around $20 billion is estimated for the…
Telecom regulator Trai on Thursday proposed a stronger consumer grievance redressal framework for telecom operators, including penalties of up to Rs 50 lakh per quarter for improper handling or disposal of customer complaints, PTI reported.The proposed Telecom Consumers Complaint Redressal (Fourth Amendment) Regulation, 2026 aims to make complaint registration and tracking more transparent and accessible…
India’s diaspora is the largest at around 19 million, with significant numbers of international immigrants living in UAE, US and Saudi Arabia. With this backing, India continued its march as the top country receiving remittances, but 2024 was spectacular with inflows of $137 billion.The country also emerges as one of the biggest source countries for…
Markets regulator Sebi on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers with immediate effect saying the system had become redundant due to stronger cyber security, disaster recovery and business continuity mechanisms in the securities market, PTI reported.The IRRA platform, launched on October 1, 2023, was introduced to provide brokers with…
The statistics ministry on Thursday issued uniform guidelines for calculating Gross State Domestic Product (GSDP) with 2022-23 as the revised base year, aiming to bring greater consistency and comparability in measuring economic performance across states and Union Territories, PTI reported.The Ministry of Statistics and Programme Implementation (MoSPI) said the move follows the revision of the…
US stock markets hovered near record highs on Thursday as oil prices extended losses amid rising optimism over a possible agreement between the United States and Iran that could reopen the Strait of Hormuz and restore crude shipments from the Persian Gulf, AP reported.The S&P 500 added 0.1 per cent, extending gains after hitting an…
Bengaluru: United Breweries on Thursday informed stock exchanges that an employee inadvertently disclosed unpublished price sensitive information (UPSI) related to the company’s draft annual financial results to an outside individual.In a filing, the beer maker said the disclosure took place on May 5 “for legitimate reasons” but without the “necessary safeguards”. The company said the…
SBI employees’ strike: Employees of State Bank of India (SBI), the country’s largest public sector lender, have announced a two-day nationwide strike on May 25 and 26, raising concerns over staffing shortages, outsourcing, pension-related issues and working conditions, according to an ET report.The strike has been called by the All India State Bank of India…
Financial Services Secretary M Nagaraju on Thursday warned banks and financial institutions to strengthen cyber security systems and operational resilience, cautioning that advanced artificial intelligence models such as Anthropic’s “Mythos” could pose serious risks to the banking sector if released publicly, PTI reported.Addressing the Indian Banks’ Association (IBA) conference on Risk Management in Mumbai, Nagaraju…
NEW DELHI: Petrol and diesel prices remained unchanged across major cities in India on Thursday, even as global crude oil prices continued to rise amid geopolitical uncertainty in West Asia.Government sources, however, have not ruled out a possible fuel price hike in the near future as oil marketing companies continue to face mounting losses due…
