Normal view

'No proposal before the govt': Centre rules out relief for state oil firms

5 May 2026 at 08:01
State-run fuel retailers will not receive government financial backing for losses incurred from selling petrol, diesel, and aviation turbine fuel below cost. Despite rising crude oil prices, the government has opted to shield consumers by not revising retail prices for these fuels, focusing instead on price adjustments for bulk diesel and commercial LPG.

Indian firms go big in America: Pour in $16.4 bn, create over 70,000 jobs across US

5 May 2026 at 06:58
Indian companies are significantly boosting the US economy with substantial investments, creating thousands of jobs, and driving innovation. Senior officials highlighted nearly $16.4 billion in cumulative FDI, supporting over 70,000 jobs and significant R&D. Further commitments are anticipated, underscoring India's growing role in key American sectors.

  • ✇Times of India
  • Record low: Rupee falls to 95.40 against US dollar TOI BUSINESS DESK
    The Indian rupee plunged to a record low of 95.40 against the US dollar on Tuesday, extending its decline amid escalating Middle East tensions and elevated crude oil prices. This global uncertainty is impacting financial markets, with Indian benchmark indices also trading lower. Analysts anticipate continued pressure on the rupee due to persistent dollar demand and foreign fund outflows.
     

Record low: Rupee falls to 95.40 against US dollar

5 May 2026 at 04:25
The Indian rupee plunged to a record low of 95.40 against the US dollar on Tuesday, extending its decline amid escalating Middle East tensions and elevated crude oil prices. This global uncertainty is impacting financial markets, with Indian benchmark indices also trading lower. Analysts anticipate continued pressure on the rupee due to persistent dollar demand and foreign fund outflows.

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