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Representional Image. A Indian Oil Corporation outlet | Commons

Petrol, diesel prices rise for 7th day in a row, rates go up by about half a rupee

Petrol price in Delhi was hiked to Rs 75.16 per litre from Rs 74.57, while diesel rates were increased to Rs 73.39 a litre from Rs 72.81.
Bamboo trade

CBI to ‘soon question’ former brass of state-run paper firm in Rs 144 crore bamboo scam

Multiple former senior officials of Hindustan Paper Corporation have been booked for allegedly purchasing bamboo & pulp at high rates despite cheaper alternatives.
Cargo ships docked at the Mumbai Port | Photographer: Amit Bhargava | Bloomberg News

Next problem for Indian economy: Fuel shortage for domestic shipping

Ships hauling everything from coal to iron ore & consumer goods on domestic routes may run out of fuel as India struggles to meet new environmental standards.
Bharat Petroleum Corp. refinery in Mumbai

Modi govt puts oil PSU mergers on hold, ‘no room for experiments’ now

Former finance minister Arun Jaitley had earlier pushed for ONGC and HPCL merger, which has not been smooth.
Indian economy

ONGC says it’s not facing a fund crunch despite falling cash balance

ONGC’s cash balance fell to Rs 167 crore in Sept 2018 from Rs 9,511 crore in March 2017, but it says it has enough to finance current and future projects.
An Oil & Natural Gas Corp. (ONGC) logo on display at a news conference in New Delhi | Prashanth Vishwanathan/Bloomberg

ONGC cash reserves crash to Rs 167 crore from Rs 9,511 crore in 1.5 years under Modi govt

ONGC’s cash & bank balances hit Rs 167 crore in Sept 2018, down from Rs 9,511 crore in March 2017, following the acquisition of HPCL and other govt diktats.
Bombay High

Modi govt promised to raise India’s crude oil output – but it actually dropped last 5 yrs

Higher crude imports went unnoticed due to global prices, analysts say. Modi govt says ‘made considerable progress, but it takes time’.
Representational image | Bloomberg

As Delhi battles pollution, Tata Power looks to tap into electric vehicles charging market

So far, lack of charging infrastructure has been one of the biggest hurdles to India’s ambitions to ensure more electric vehicles on its roads.
oil price hike

Petrol, diesel price hiked for 1st time in more than a month

Prices had hit an all-time high of Rs 78.43 a litre for petrol and Rs 69.31 per litre for diesel on May 30.
Economy

Government is said to ask oil retailers not to raise fuel prices

Companies including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. will have bear a loss of up to 1 rupee per liter on sale of diesel and gasoline.

On Camera

Artist concept of the solar system. | Photo: NASA

Millenials love discussing Mercury retrograde on Instagram, but scoff at jyotish predictions

If you’re a millennial and everything is going wrong at work, in love, and in life — it’s probably just Mercury retrograde, which began in June and ends mid-July.
Martin Wolf, chief economics commentator, Financial Times

India should spend more to revive demand, not worry about deficit: Economy expert Martin Wolf

Speaking at ThePrint's OffTheCuff, Chief Economics Commentator at The Financial Times Martin Wolf said India can afford to increase its debt-to-GDP ratio to 90%, but should avoid borrowing in foreign currency.

Defence

Prime Minister Narendra Modi meets soldiers who were injured in Galwan Valley clash, during his visit to Ladakh, in Leh on 3 July 2020 | ANI

Army slams ‘malicious’ claims on Leh hospital visited by PM, says troops get best treatment

Army said troops injured at Galwan are being treated in a repurposed hall that is part of the hospital complex as some wards have been made isolation facilities.
Illustration by Soham Sen | ThePrint

It’s time for China, Pakistan, even India to rethink the fantasy Modi called expansionism

India, China and Pakistan all want territory from another. But it’s a pursuit doomed to fail as they can’t get it without annihilating the other.