Petrol and diesel prices in India have risen by around Rs 7.5 per litre since May 15. The first hike in the retail rates came over two and a half months after the US-Iran war began. Private retailer Nayara Energy has already cut rates of petrol and diesel.
The proposal has gained traction following multiple meetings held over the past two weeks involving senior government ministers, officials from the Reserve Bank of India, banks and representatives of the gold industry, the report said.
Delhi’s new EV Policy 2026 aims to accelerate clean mobility by phasing out petrol and CNG two-wheelers by April 2028 and mandating electric three-wheelers from 2027. While offering substantial incentives, a Morgan Stanley report warns that wider adoption by other states could pose a significant challenge for automakers, especially in the two-wheeler segment. The policy
India’s services sector experienced a significant slowdown in June, reaching a 17-month low due to weakening domestic demand and subdued hiring. While export orders provided a bright spot, overall business activity moderated. This trend also impacted the broader private sector, with the composite PMI indicating slower growth. Despite the cooling, the sector remains in expansionary
Authorities have removed two smartphone applications, including the Chinese BAT-BMS app, from app stores following reports of e-rickshaws being remotely disabled. These apps, designed for battery management, were allegedly exploited to disrupt vehicles by connecting to unsecured Bluetooth-enabled battery systems. The government is urging app stores to enhance scrutiny to prevent the availability of such
According to estimates from Kpler, a global real-time data and analytics provider, India’s crude oil inventory stood at 104 million barrels at the end of June, up significantly from 90.5 million barrels at the end of April. With the closure of the Strait of Hormuz during the conflict threatening nearly 40% of India’s crude oil
Gold price prediction today: In today’s session, gold is exhibiting a bullish bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, recommending a buy on dips strategy.
Stock market recommendations: ITC, and Ramco Industries – these are the top stocks to buy recommended by Bajaj Broking Research for July 3, 2026. Let’s take a look:
Russia is reportedly sourcing gasoline from India via international traders to counter fuel shortages stemming from Ukrainian attacks on its infrastructure. Nayara Energy, with a significant stake held by Russian oil giant Rosneft, is identified as a key supplier. While Indian officials state no direct sales, they acknowledge indirect sourcing through trading firms. This development
