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Indian Oil Corp to supply fuels to Sri Lanka in 4-5 month deal

Indian Oil Corp (IOC) will supply 12-13 fuel cargoes to Sri Lanka to help the island nation facing an energy crisis, the Indian company said

Palladium scales 7-month peak, gold firms as Ukraine crisis rages on

Spot palladium, used by automakers in catalytic converters to curb emissions, jumped 4.1% to $2,778.48 by 1030 GMT, rising for a fourth session to hit its highest since mid-June 2021

Govt considering relief for exporters hit by Ukraine crisis: Report

A govt official, who declined to be named, said Indian exporters are owed about $500 mn from Russia and the govt may guarantee banks' letters of credit or loans to help ease the crunch

Brent soars to $119, highest since May 2012, as US sanctions target Russia

The gains followed the latest round of US sanctions on Russia's oil refining sector that raised concerns that Russian oil and gas exports could be targeted next

Indian trade, current account deficit seen widening, rupee under pressure

India's trade deficit widened sharply to $21.19 billion in February compared to $17.94 billion the previous month, preliminary data shows

Japan's JAL, ANA cancel all flights to and from Europe amid Ukraine war

Japan Airlines Co Ltd and ANA Holdings Inc said they would cancel all flights to and from Europe on Thursday, citing concerns about safety due to Russia's invasion of Ukraine

Explained: Why $100 oil could hurt the energy transition more than it helps

When fossil fuel prices rise, consumers start to take electric vehicles and clean energy alternatives more seriously - not just for their environmental benefits but in hopes of eventually saving cash

Indian 10-year bond yield at 1-month high tracking global crude, U.S. peers

India's benchmark 10-year bond yield was at 6.83% at 0555 GMT, after earlier rising to 6.85%, its highest since Feb. 4

Fertiliser ban decimates Sri Lankan crops as government popularity dwindle

Dramatic fall in yields follows a decision last April by President Gotabaya Rajapaksa to ban all chemical fertilisers in Sri Lanka

Amazon, Future agree to talks; SC gives them 10 days to explore settlement

In an unexpected move on Thursday, Amazon counsel suggested at a SC hearing that the two sides negotiate, saying the 'whirlpool' of disputes fought on multiple fronts had been dragging on for too long

Japan's Renesas, Tata Elxsi partner in EV design centre

The centre in Bangalore will be a new hub for the two companies to develop crucial EV systems, such as battery management systems and motor control units

Australia helps allies seeking to replace Russian coal amid Ukraine crisis

The Australian government is helping coal importing nations find alternatives to Russia for supplies by connecting them with local producers, a government spokesperson said on Thursday

Euro pinned down as Russia-Ukraine war stokes stagflation fears

The euro was last at $1.1097 in the Asia session, only a little above its overnight trough of $1.1058, its lowest since May 2020.

Philippines approves revival of nuclear power to help replace coal

Philippine President Rodrigo Duterte has signed an executive order to include nuclear power in the country's energy mix

Fitch, Moody's slash Russia's sovereign rating to junk as sanctions mount

The Ukraine invasion has triggered a flurry of credit rating moves

Reliance ties up with Sanmina for electronics manufacturing in India

A Reliance unit will invest 16.7 billion rupees ($220.86 million) in new shares of Sanmina's existing Indian entity, giving it a 50.1% stake in the joint venture

Oil surges past $110/bbl, stocks rebound as Fed tightening fears ebb

Gold prices slipped on improving sentiment and U.S. Treasury yields rose from eight-week lows as investors weighed how aggressively the Federal Reserve might raise interest rates

Amazon may file criminal case against Future over store transfers: Report

Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition

IMF urges Sri Lanka to focus on monetary policy to tackle inflation rise

IMF said Sri Lanka needs to tighten its monetary policy to contain rising inflation, put its high debt repayments on track and reverse one of the worst financial crises the country has faced in years

Ukraine's 2nd city Kharkiv heavily bombed as UN assembly denounces Russia

Ukraine's second biggest city, Kharkiv, suffered heavy bombardment on Wednesday as Russia's week-long invasion was denounced by the United Nations in a historic vote