June 2, 2026

staterun

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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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State-Run Banks: State-run banks hire over 50,000 in FY26, a rise of 33%

contact@dailyupdatesindia.com02 mins

NEW DELHI: Public sector banks recruited 50,552 employees in the last financial year, 33% higher than 37,860 hired in the previous financial year, as they expanded their operations.In a statement, the finance ministry said that offer letters were sent to over 50,000 candidates in 2025-26 after the recruitment exercise conducted through the Institute of Banking…

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State-run oil firms to pay discounted refinery rates as fuel prices stay frozen despite crude surge

contact@dailyupdatesindia.com04 mins

In a first since fuel price deregulation, state-run oil marketing companies (OMCs) have moved to pay discounted rates to refineries for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses arising from a self-imposed freeze on retail fuel prices, sources told PTI.OMCs on March 26 fixed rates for petroleum products at discounts…

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Qatar state‑run QatarEnergy halts LNG production after Iran drone attacks, sends European gas prices soaring

contact@dailyupdatesindia.com02 mins

Qatar’s state-owned energy giant, QatarEnergy, announced on Monday that it had suspended liquefied natural gas (LNG) production following Iranian drone attacks on two of its key processing facilities. The halt affects operations at Ras Laffan Industrial City, the world’s largest LNG complex, and Mesaieed Industrial City, both critical hubs for the Gulf state’s gas output.Qatar’s…

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Driven by state-run utilities, distribution companies post Rs 2,700cr profit | India News

contact@dailyupdatesindia.com03 mins

NEW DELHI: Power distribution companies in the private and public sectors have staged a smart turnaround, reporting a combined profit of over Rs 2,700 crore in 2024-25, as against losses of Rs 25,553 crore in the previous year, govt said on Sunday.Power ministry officials attributed this to improved performance by state-run power utilities. “If we…

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Trump’s sanctions on Russian oil firms: Will India’s state-run refiners continue imports? Why experts see limited impact

contact@dailyupdatesindia.com03 mins

India’s state-run oil refiners are expected to continue importing Russian crude through intermediary traders despite fresh US sanctions on Rosneft PJSC and Lukoil PJSC, two of Russia’s largest oil companies, industry sources told PTI. The sanctions target firms accused of helping fund the Kremlin’s “war machine” in Ukraine.The sanctions, announced this week, cover companies that…

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‘We are undervalued’: Govt disappointed with state-run oil firms’ valuations; considers partial ownership sale

contact@dailyupdatesindia.com02 mins

Union minister for petroleum and natural gas, Hardeep Singh Puri on Friday express disappointment with the investor community, citing the low valuation given to state-owned oil markets.Puri said that the government might consider selling part ownership in oil companies in order to increase efficiency, though there is no plan to sell any holding as of…

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