May 14, 2026

firms

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Fuel Price Hike: ‘Fuel price hike inevitable’: State-run oil firms lose over Rs 1 lakh crore in 10 weeks amid Middle East crisis

contact@dailyupdatesindia.com02 mins

State-owned oil marketing companies (OMCs) have incurred losses of more than Rs 1 lakh crore over the past 10 weeks as they continued to shield Indian consumers from soaring global fuel prices triggered by the ongoing Middle East conflictThe three state-run fuel retailers, Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited,…

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Middle East conflict burns Indian oil firms: Rs 30,000 crore monthly hit to keep fuel prices stable

contact@dailyupdatesindia.com03 mins

India’s state-run oil marketing companies are absorbing losses of nearly Rs 30,000 crore every month to keep petrol, diesel and LPG prices unchanged despite the sharp surge in global energy prices triggered by the West Asia conflict, government officials and sources, cited by PTI said on Friday.The financial burden on Indian Oil Corporation, Bharat Petroleum…

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‘Everyone wins’: Indian firms to invest $20 billion in US across sectors, says Sergio Gor

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US ambassador to India Sergio Gor on Wednesday said Indian companies are planning to invest over $20.5 billion in the United States across multiple sectors, highlighting a surge in bilateral economic engagement under President Donald Trump.“Under President Trump’s leadership investment is flowing back into the United States at record levels! Indian companies plan to invest…

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

contact@dailyupdatesindia.com03 mins

State-run fuel retailers will not receive government financial backing for losses arising from the sale of petrol, diesel and aviation turbine fuel (ATF) below cost, with the Centre confirming that no such proposal is under consideration.The three public sector oil marketing companies: Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation…

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

contact@dailyupdatesindia.com03 mins

Indian companies are strengthening their presence in the United States, pouring billions in investment, job creation and growing participation across key sectors, senior officials said at the SelectUSA Investment Summit in Maryland. At the CII India Reception held at National Harbour on Monday (local time), Brandon Remington, US Deputy Undersecretary (Policy and International Trade Administration)…

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Market recap: Top 10 firms add Rs 2.20 lakh crore in value; Reliance emerges biggest gainer

contact@dailyupdatesindia.com02 mins

Dalal Street closed the holiday-shortened week in the green, lifting the combined market valuation of India’s top 10 most valued firms by Rs 2.20 lakh crore. Reliance Industries led the rally as investor sentiment remained resilient despite a volatile trading environment.The gains came even as the stock market moved within a narrow range. The BSE…

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US threatens sanctions if shipping firms pay Iran fees for Strait of Hormuz passage | India News

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The United States has warned shipping companies that they could face sanctions if they make payments to Iran for safe passage through the Strait of Hormuz. The alert, issued Friday by the US office of foreign assets control, comes amid rising tensions over control of the strategic waterway.The Strait of Hormuz, through which about a…

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West Asia conflict a ‘war’, government firms can invoke ‘force majeure’ clause

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The clause allows relief in extraordinary circumstances beyond human control, such as war, and frees parties from contractual liability NEW DELHI: The West Asia conflict should be treated as a “war” to invoke the ‘force majeure’ clause in public contracts where obligations have been impacted by disruptions, the finance ministry has said.It has allowed govt…

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Govt likely to notify FEMA changes for foreign firms with up to 10% Chinese stake

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The government is set to soon notify changes under the Foreign Exchange Management Act (FEMA) that will ease foreign direct investment (FDI) norms for overseas companies with up to 10 per cent Chinese shareholding, a senior official told news agency PTI on Thursday.Once notified by the Department of Economic Affairs (DEA), the revised framework will…

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