Reliance Industries Ltd reported a 12.5% decline in net profit for the March quarter, with earnings at Rs 16,971 crore compared to Rs 19,407 crore a year earlier. The downturn was driven by weakness in its oil and chemicals segment, offsetting gains in telecom and retail.
Xi Jinping called for keeping the Strait of Hormuz open for global shipping, stressing it as an international waterway amid Iran–US tensions, energy concerns, and rising regional conflict affecting trade and navigation security
Global energy disruptions from the Iran war are pushing Asian and African nations to expand nuclear power, with countries accelerating reactor plans and boosting output to reduce reliance on fossil fuels amid rising costs and supply uncertainties worldwide
Fatih Birol warned Europe faces jet fuel shortages within weeks if the Strait of Hormuz closure continues, risking flight disruptions, rising prices, and wider global economic impact, especially for developing nations dependent on Middle East energy supplies.
The deepening energy crisis comes as a reminder of the vital role that coal continues to play in India’s economy and how ending dependence on fossil fuel is still a far cry. India is now in the middle of a touch-and-go situation as the coal-fired power plants are running dangerously low on coal. Several factors […]
