INDIAN STRATEGIC PETROLEUM RESERVES LTD
RAC ending soon: Railways plans to scrap this train reservation facility; passengers may no longer have to share berths despite paying full fare
Indian Railways is examining the possibility of scrapping the decades-old Reservation Against Cancellation (RAC) facility, under which two passengers share a single berth despite paying the full fare, according to a TOI report. The move comes amid concerns over passenger convenience and a parliamentary panel's recommendation to review the existing arrangement.
India seeks private investors to build its largest strategic petroleum reserve in Odisha at ₹8,571 crore cost
India is seeking private investors to build a 4-million-tonne strategic petroleum reserve at Chandikhol in Odisha at an estimated cost of ₹8,571 crore. The facility will increase the country’s existing strategic crude storage capacity by 80%.
Kutch Copper, Codelco in pact for strategic exploration
Adani’s Kutch Copper and Chile’s Codelco have signed an MoU to explore the Kaburkaala copper project in Chile, strengthening Adani’s access to global copper resources and linking upstream assets with its Mundra smelter.
Indian companies propose $7.05 billion in overseas borrowings in September
Indian companies proposed $7.05 billion in overseas borrowings through ECBs and foreign currency convertible bonds in September 2026. Infrastructure financiers, NBFCs and major corporates accounted for significant proposals, with most borrowings routed through the RBI's general permission framework.
Rupee climbs to near 7-month high of 93.69 against dollar
On Wednesday, the Indian rupee surged to a close seven-month peak of 93.69 against the US dollar, fueled by a dip in oil prices and a surge in foreign capital into Indian stocks. Although exporters are evaluating hedging options, their engagement is lackluster due to recent regulations. As Brent crude oil prices settle around $92 per barrel, experts forecast the rupee to oscillate within the bandwidth of 93.25 to 94.
Easing global headwinds, lower crude oil prices may further lift rupee in coming months: Economists
Economists predict the Indian rupee will strengthen against the US dollar in the coming months. Factors contributing to this appreciation include lower crude oil prices and improving foreign capital inflows. Additionally, a weaker US dollar and the easing of geopolitical tensions are supporting this trend. The Reserve Bank of India has implemented measures to stabilize the currency and enhance dollar availability.
PHD Chamber seeks capital gains tax rationalisation, doing away with BCD on feedstock
The PHD Chamber of Commerce and Industry has urged the government to abolish long-term capital gains tax on equity investments, cut short-term capital gains tax to 10% and reduce securities transaction tax (STT) rates in its pre-Budget recommendations for FY28.
Time to be contrarian? Are analysts behind the curve? 5 stocks from two segments of the oil and gas space
The tensions that drove oil higher are still lurking under the surface. A single statement, or a single strike, and they can surface again within days. Another round of trouble cannot be entirely ruled out. And if it comes and oil climbs again, much of the contrarian case we are making weakens with it. So the improvement is real, but it is not yet fully safe.
OMCs reject Karnataka’s high-ethanol fuel claim, seek fresh tests
State-run oil marketers in India have rejected Karnataka's claims regarding excessive ethanol content in petrol sold. They argue that the state's testing procedures lack adherence to prescribed standards and were unverified. The oil companies assert that their E20 fuel adheres to Bureau of Indian Standards and undergoes strict quality checks. They highlighted that previous tests indicated compliance within the mandated ethanol blending range.
Karnataka stands by E20 report, seeks nationwide third-party fuel testing
Karnataka has intensified its allegation regarding petrol containing ethanol levels exceeding the 20% limit. The state government is seeking independent testing from accredited laboratories and urges other states to conduct similar inspections. Food and Civil Supplies Minister Rizwan Arshad released test results indicating ethanol content as high as 31.2% in various petrol samples. Oil marketing companies have denied these allegations and questioned the sampling methodology used by Karnataka.
Karnataka ethanol row: DK Shivakumar alleges excessive blending, promises evidence and documents on Monday
Karnataka Chief Minister DK Shivakumar has backed allegations of excessive ethanol blending in petrol sold in the state, claiming levels exceed the approved E20 limit. He said samples had been collected from 67 locations and an investigation was underway, with a minister set to present evidence and documents on Monday.
Muhurat Trading 2026: Which stocks to buy during special session today? Analysts list top technical picks
Investors are preparing for the Muhurat Trading session today, which marks the beginning of Samvat 2083. Stock exchanges BSE and NSE will hold the session for an hour starting at 2.20 pm. Analysts from HDFC Securities and Axis Securities have identified several stocks as top picks for this trading period. Stocks like HCL Technologies and IIFL Finance have been highlighted for their potential upside.
E20 petrol supplied by PSU oil firms meets prescribed quality standards: Oil Min
The government's statement confirmed compliance of 893 petrol samples with prescribed ethanol content standards. Karnataka's Department of Food contested these findings, claiming higher ethanol levels in some petrol samples. Oil marketing companies asserted their sampling procedures were not followed during inspections in Karnataka. They requested access to sampling documentation and proposed joint testing of the ethanol content.
IAF's IL-76 transport aircraft lands in Nyoma airbase in Ladakh
The Indian Air Force marked a new pinnacle of achievement with its IL-76MD transport aircraft landing at Nyoma airbase, which sits at an altitude of roughly 13,000 feet near the Line of Actual Control with China. This historic landing is celebrated as the highest-ever for this model, highlighting the operational prowess of the IL-76MD and the outstanding training of its crew in extreme environments.
Rahul Gandhi questions Centre over excess ethanol in E20 petrol, seeks action against oil companies
Rahul Gandhi has raised concerns regarding high ethanol levels in petrol sold in Karnataka. He claims that numerous petrol samples exceeded the prescribed limit of 20%. Oil marketing companies have disputed these allegations, asserting their fuel meets regulatory standards. Karnataka authorities are seeking accountability and transparency regarding fuel quality. An investigation into the matter has been called for to protect consumer interests.
Karnataka finds ethanol content above E20 limit in petrol samples, seeks action against OMCs
The Karnataka government has accused oil marketing companies of exceeding the mandated ethanol content in petrol. Tests conducted on petrol samples showed levels surpassed the legal 20% threshold significantly. The government plans to submit its findings to the Centre and seek appropriate actions against the companies involved. It has also demanded a compensation fund and clearer disclosures at fuel stations.
India's Karnataka finds fuel samples exceeding 20% ethanol limit, state minister says
Surveys indicate that 80% of petrol stations in Karnataka are breaching the 20% ethanol limit in petrol sales. To address this, officials gathered 63 samples for testing after oil companies neglected to reveal ethanol percentages. The introduction of E20 petrol aligns with India's objectives to cut crude imports while boosting ethanol production.
Indian oil refiners expect healthy margins amid global supply disruptions
A combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (ATF) cracks. Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation and Hindustan Petroleum Corporation (HPCL) reported record refining performances in the September quarter (Q2) and expect the run to continue.
India weighs new oil manoeuvre as old routes get jammed
The West Asia war has forced India to look at energy security through a new, different lens. The oil issue, for India, has now gone from being a procurement issue to being a test of economic resilience. That has compelled the govt to rethink how it sources, transports and stores the fuel that powers its economy.
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