Commenting on the fuel price revision, Arvind Kumar of IOCL said that the hike was relatively small despite mounting global pressures. (AI image) Calling the petrol and diesel price hike a ‘small rise’, Indian Oil Corporation Limited (IOCL)‘s Director (Refineries) Arvind Kumar has said that refineries are running at over 100% capacity to maintain uninterrupted…
On October 1 in 1946, American audio engineer James Bullough Lansing founded Lansing Sound Incorporated, which was soon renamed James B. Lansing Sound. In short, JBL. Before Lansing tragically took his own life in late 1949, the company had engineered the iconic D130, a 15-inch loudspeaker driver which featured a radical composition of a 4-inch…
Refiners may eventually be forced to lower processing rates in line with reduced crude availability. (AI image) US-Iran war and the indefinite closure of the Strait of Hormuz has led to India’s crude oil inventories declining by around 15%. This decline is since the US-Iran conflict erupted in late February, as refiners continued operating at…
Asian markets mostly declined on Friday as investor optimism around artificial intelligence stocks faded amid rising concerns over inflation, elevated oil prices and uncertainty surrounding the Iran war.Japan’s Nikkei 225 fell 1.2% to 61,880.04, while South Korea’s Kospi dropped 3.2% to 7,727.34 after briefly crossing the 8,000 mark for the first time.The sharp reversal came…
The simple answer is, at the risk of a spoiler alert. Yes. There may well be two sides to this coin, but the intention of tech’s infusion in the cars we buy now, and will increasingly buy in the years to come, has become a hindrance rather than objectively useful. There was a time when…
Indian equity markets opened in the red on Friday as a nationwide hike in fuel prices and firming global crude oil rates weighed on investor sentiment, even as global markets remained focused on the ongoing summit between the U.S. and China. Newly increased fuel prices are displayed at a petrol pump in Malvan. (REUTERS) The…
India’s smartphone market reported its weakest quarterly performance in recent years. The first quarter of this year felt the pressure as shipments slowed down due to reduced demand, coupled with a sharp increase in memory and storage prices, stemming from geopolitical uncertainties. Analysts estimate this dip to be between 2% and 5% of an otherwise…
“Indian equity markets are expected to open on a mildly positive note, with Gift Nifty trading around 23,769, up by 40 points. Global equities traded mixed after a muted session on Wall Street, as investors remained cautious amid concerns over elevated bond yields, inflation outlook, and uncertainty surrounding the pace of global economic recovery. Market…
Gold and silver prices witnessed a steep decline at the opening on the Multi Commodity Exchange (MCX) on Friday as surging energy prices reignited inflation concerns and reinforced expectations that interest rates may remain higher for a prolonged period. Investors were also keeping a close watch on discussions between Donald Trump and Xi Jinping. In…
NEW DELHI:India’s automobile industry began FY27 with strong growth across segments, led by rising demand for SUVs and two-wheelers, even as concerns persist over higher commodity prices linked to tensions in West Asia.Domestic passenger vehicle sales rose 26% year-on-year to nearly 4.4 lakh units in April, according to data released by the Society of Indian…
