Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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Reliance boosts LPG production to shield Indians from West Asia impact
New Delhi: Billionaire Mukesh Ambani‘s Reliance Industries on Tuesday, March 10, said its giant Jamnagar oil refining complex will maximise cooking gas LPG production, while gas from Bay of Bengal KG-D6 fields…
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Aramco reports 2025 profit of USD 104 billion, down from 2024
Dubai: Saudi Arabia’s oil giant Aramco reported 2025 profits of USD 104 billion, down from the year before as the Iran war has seen its fields and facilities targeted. Aramco released its…
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Asian shares surge as oil prices sank back to about USD 90
Tokyo: Asian shares have rebounded from their sharp declines a day before after a rally on Wall Street as global investors wagered that the war with Iran may not last too long.…
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India sets up committee to examine LPG supply issues as eateries warn closure
New Delhi: The oil ministry has constituted a committee to examine supply issues after a sudden shortage of commercial LPG cylinders alarmed the hospitality sector, with restaurant associations warning that eateries could…
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Crude oil prices spike near USD 120 a barrel as Iran war impedes production, shipping
Chicago: Oil prices spiked near USD 120 per barrel before falling back on Monday, March 9, as the Iran war intensified, threatening production and shipping in the Middle East and pummelling financial…
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Meesho gets about Rs 1,500 cr income tax demand notice
New Delhi: E-commerce firm Meesho has received an income tax demand notice of around Rs 1,500 crore, including interest, which the company plans to contest, a recent company filing said. Meesho received…
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US urged India to buy Russian oil already at sea: Energy Secy
New York: The US has urged India to buy Russian oil already floating at sea and redirect it to Indian refineries to “tamp down” fears of supply shortages and price spikes amid…
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Stock markets nosedive amid ongoing Middle East conflict
Mumbai: Stock market benchmark indices Sensex and Nifty tumbled nearly 3 per cent in early trade on Monday, March 9, as boiling crude oil prices and bearish trend in global equities weighed…
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Gold poised for volatile week as Middle East tensions roil markets: Analysts
New Delhi: Gold prices are expected to remain volatile next week as investors track geopolitical developments in the Middle East and key macroeconomic data releases that could shape the sentiment in the…
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Escalating tensions in Middle East to impact steel markets: BigMint
New Delhi: The global steel industry, including India, is expected to face multiple market-related issues in the coming days as the escalating crisis in the Middle East impacts fuels cost that has…
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Foreign investors pull out Rs 21K crore from Indian equities amid Iran tensions
New Delhi: Foreign investors pulled out Rs 21,000 crore (around USD 2.3 billion) from Indian equities over the last four trading sessions amid deteriorating global risk sentiment triggered by the West Asia…
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Mcap of 8 of top-10 most valued firms erodes by Rs 2.81 lakh cr
New Delhi: The combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore last week, with the State Bank of India taking the biggest hit, in tandem…
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Swiggy, magicpin, Zomato see food delivery regain growth momentum in Dec qtr
New Delhi: India’s top three food delivery players — Swiggy, magicpin and Zomato — regained growth momentum in the October-December period after a period of slower expansion, on strong order volumes led…
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Telangana govt to collect professional tax from private schools, faculty
Hyderabad: The Telangana government is planning to levy a professional tax on the 11,000-odd private unaided schools and their teaching staff with a view to boost revenues of the state. School Education…
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Telangana eyes USD 3 trillion economy, focus on skills development: Minister
Hyderabad: Telangana Labour and Mines Minister G Vivek Venkataswamy on Saturday, March 7, said that the state government is aiming to achieve a USD 3 trillion economy. “To achieve this ambitious goal,…
