Nuclear Power Corporation’s IPO expected this year

Nuclear Power Corporation’s IPO expected this year

The Initial Public Offering of the public sector Nuclear Power Corporation of India Ltd (NPCIL), which has been in the offing for over 15 years, is expected to happen this year.  The Department of Atomic Energy told a Parliamentary committee recently that Budget 2026-27 slashed equity support to NPCIL to ₹100 crore from ₹3,042 crore last […]

Oil prices surge while Asian share prices rise moderately

Oil prices surge while Asian share prices rise moderately

Oil prices continued to surge on worries of a prolonged Iran war, but the Asian markets that were open Friday rose moderately in cautious trading, while others were closed for the Good Friday holidays. Benchmark US crude rose 11.4 per cent to $111.54 a barrel. The price of Brent crude, the international standard, jumped 7.8 […]

Coal India misses FY26 annual production target by wide margin

Coal India misses FY26 annual production target by wide margin

Prayagraj, Mar 18 (ANI): A laborer tends to a pile of coal in Prayagraj on Wednesday. (ANI Photo) | Photo Credit: ANI Coal behemoth Coal India’s total coal production for the last financial year witnessed a 1.7 per cent year-on-year fall at 768.1 million tonnes (mt), missing the annual production target by a wide margin. […]

India set to receive first Iranian crude oil after seven years

India set to receive first Iranian crude oil after seven years

India is set to receive its first consignment of crude oil from Iran—after almost seven years—an indication that the world’s third largest importer is making use of the 30-day window offered by the United States for buying Iranian oil “on water”. Global data and analytics provider Kpler’s Marine Traffic told businessline that an Aframax, Ping […]

Rupee Faces Volatile Trading, swings 170 Paise intra-day

Rupee Faces Volatile Trading, swings 170 Paise intra-day

Opening about 131 paise stronger against the previous close of 94.8125, the Indian currency closed at 94.83 per US dollar. The rupee saw wild swings on Monday, moving a whopping 170 paise intraday. It breached the 95 level per dollar for the first time before closing at a new low of 94.83 on the last […]