India’s electricity system faced a sharp rise in peak demand during the April-June period, with demand increasing around 12% from the same period last year and reaching a record 270.8 GW in May, the Rajya Sabha was informed on Monday.The pressure was particularly visible during non-solar hours in June, when peak electricity demand stood at…
The revised closing-price mechanism applies to more than 200 stocks with listed derivatives. India’s newly introduced closing price auction system has left traders jittery as they adjust to the new system. During the first week of trading under the new system, some traders said that one of the country’s most significant market structure reforms in…
India’s shift towards cleaner mobility will require multiple technologies rather than a choice between ethanol and electric vehicles, the Indian Federation of Green Energy (IFGE) said, pointing to the continued presence of nearly 300 million internal combustion engine (ICE) vehicles on the country’s roads.The federation said that ethanol, electric vehicles, hybrids, CNG and hydrogen should…
Earnings per share for S&P 500 companies are on course to be 50% higher than a year ago US stock market today: Wall Street benchmarks traded in a narrow range on Monday, with the market remaining close to record levels, while crude oil prices rose amid continued uncertainty over when the Strait of Hormuz would…
Beijing increasingly controls the marginal barrel of demand – whether it is purchased, stored, released or withheld. For half a century, the global oil market has revolved around two centres of power. The Gulf, led by Saudi Arabia, controlled spare production capacity. The US supplied military protection and financial muscle to Gulf oil. Together, Washington…
ONGC, Shell Energy India set to explore deepwater blocks, LNG sourcing opportunities Oil and Natural Gas Corp (ONGC) and Shell Energy India Private Ltd have signed a non-binding MoU to explore joint opportunities in deepwater and ultra-deepwater oil and gas exploration. The two companies will also look at opportunities for LNG sourcing, ONGC said on…
Govt said the wider sourcing network is aimed at reducing India’s dependence on any single country, region or transit route. India has sharply widened its energy import base, sourcing liquefied natural gas (LNG) from 15 countries, up from six, and crude oil from 41 countries, compared with 27 earlier, as per govt’s statement to Rajya…
Elon Musk’s billboard pictured on the day of SpaceX’s initial public offering (IPO) Elon Musk may have slipped below the trillion-dollar mark, but his fortune has hardly slowed down. Between 2025 and 2026, the world’s richest person added $319.5 billion to his wealth.In July 2026, Musk’s net worth stood at $725.1 billion, compared with $405.6…
US audio major Bose Professional’s Mangaluru R&D centre illustrates the shift. Focused on next-generation professional audio products, the centre began with one employee, has grown to 25 and is planned to scale up to 75, CEO John Maier told TOI last year. BENGALURU: The new global capability centre (GCC) model is increasingly smaller, leaner and…
Indian Bank has identified 725 branches as Gold Shoppe branches with dedicated staff and enhanced customer service facilities. The bank has added 982 empanelled appraisers in the past six months, taking the total to 3,538. CHENNAI/MUMBAI: Banks are strengthening branch-level gold loan capabilities by adding appraisers, investing in testing equipment and digitising processing as demand…
