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,…

Amazon and Microsoft are the only two whose heavy AI investments have been rewarded by investors. (AP photo) Yet another technology stock has crossed the $3 trillion market cap. Amazon’s market capitalisation went past the $3 trillion mark for the first time on Monday, driven by a sharp rally after the company reported strong quarterly…

India’s US LPG imports to surpass 1 million tonnes after Hormuz disruption (Image/PTI) India’s imports of liquefied petroleum gas (LPG) from the United States are set to surpass 1 million metric tonnes in June for the first time.The move comes as New Delhi turned to more expensive suppliers after disruptions to LPG supplies from the…