Currently, India faces a stark contrast in electricity pricing: residential consumers enjoy some of the lowest rates globally, while industrial users grapple with some of the highest. Mishra points out that “this disparity in electricity prices affects industrial competitiveness and job creation,” highlighting a critical barrier to economic expansion.

The backdrop of this discussion is shaped by geopolitical tensions in West Asia, which present India with a unique opportunity to reform its energy sector. With the current WTI crude oil price hovering around $85 per barrel and Brent crude at approximately $90, Mishra warns that if crude oil prices stabilize at $110 per barrel, the Indian rupee could depreciate to ₹100 against the US dollar.

Such a scenario could exacerbate the already high industrial energy costs, further straining the country’s economic fabric. Mishra emphasizes the necessity of comprehensive energy pricing reforms, stating, “Reforming energy prices is not just about reducing costs, but also about enhancing capacity and fostering innovation.”

He advocates for investments in energy efficiency and alternative resources as a means to mitigate currency risks and volatile energy costs. Moreover, Mishra notes that the Indian government is already undertaking reforms in the energy sector, such as expanding renewable energy and modernizing grids.

As the government aims to provide stable, low-cost electricity, it is clear that a balanced approach is essential. Mishra argues that these reforms must also consider social justice, ensuring that the benefits of energy pricing adjustments are equitably distributed.

Historically, Mishra references Japan’s response to the oil crises of the 1970s as a case study in how energy reform can lead to significant economic growth. This historical lens underscores the urgency of the current situation in India.

As discussions around energy pricing reforms continue, the path forward remains uncertain. Will India seize this moment to reshape its energy landscape? Details remain unconfirmed, but the implications of these reforms could be monumental for the nation’s industrial future.

The post యాక్సిస్ బ్యాంక్: Axis Bank’s Neelkanth Mishra Calls for Energy Pricing Reforms in India appeared first on The Business News.

What does the commencement of gas production by ONGC in the Arabian Sea mean for India’s energy landscape? It signifies a critical step towards reducing the country’s reliance on natural gas imports, with the Daman Upside Development Project officially starting production on March 30, 2026.

Gas is now flowing from Platform B-12-24P, and this vital resource is being directed to the Hazira Plant. Located approximately 180 kilometers northwest of Mumbai, the Daman project is poised to play a significant role in India’s energy strategy.

At its peak capacity, the Daman project is expected to produce an impressive 21.5 billion cubic metres (BCM) of natural gas over its operational lifecycle. This production level could offset around 73.66% of the 29.185 billion cubic metres of natural gas that India imported during the first ten months of FY26.

According to ONGC, “This [B-12-24P] platform has been successfully commissioned and gas sent to Hazira Plant.” The company plans to ramp up production from all wells in a phased manner, ensuring a steady supply to meet domestic demands.

With approximately $1 billion invested in the Daman Upside Development Project, this initiative is not just about immediate production; it reflects a broader strategy to enhance energy security amid global market disruptions.

The Daman project’s peak output could account for roughly 61.38% of India’s annual gas imports for FY26, marking a significant shift in the country’s energy dynamics. This development is particularly crucial as India seeks to bolster its energy independence.

As the project unfolds, the implications for the Indian energy market will be closely monitored. The Daman Upside Development Project aims to mitigate the challenges posed by fluctuating global energy prices.

Details remain unconfirmed about the exact timeline for reaching peak production levels, but the initial success of the Daman project is a promising indicator of what lies ahead for ONGC and India’s energy sector.

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Indian Oil Corporation Limited (IOCL) has assured that fuel supply across the country remains uninterrupted. All fuel stations nationwide are fully operational with adequate stocks of petrol, diesel, and other petroleum products. Consumers have been advised to rely only on verified information and continue refuelling as usual.

Apprenticeship Recruitment

In addition to ensuring fuel availability, IOCL has released the IOCL Apprenticeship Recruitment 2026 notification for 405 apprentice posts. This recruitment drive aims to engage trade, technician, and graduate apprentices under the Apprentices Act. Candidates must meet educational and age requirements specified in the official notification to apply for the apprenticeship programme.

The minimum age to apply for the apprenticeship is 18 years, while the maximum age is set at 24 years. The apprenticeship programme provides candidates with hands-on training in technical and operational roles within IOCL facilities.

Interim Dividend Announcement

Furthermore, Indian Oil Corporation Ltd has announced an interim dividend of Rs. 2.00 per share, with both the ex-date and record date set for 12 March 2026. This announcement reflects the company’s commitment to providing returns to its shareholders amidst ongoing operations.

Details remain unconfirmed regarding the broader implications of these announcements on IOCL’s future operations and workforce development. Stakeholders are encouraged to stay informed as further developments unfold.

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Before the recent surge, Tata Power shares were already on a positive trajectory, with expectations of continued growth due to increasing electricity demand. The shares had shown resilience, but the decisive moment came on March 12, 2026, when they rose by 4.44% to settle at Rs 402.30.

On that day, Tata Power reached an intraday high of Rs 399, marking a 3.58% increase from its previous close. This uptick is part of a broader trend, as Tata Power has recorded gains for three consecutive days, delivering a cumulative return of 7% during this period.

The performance of Tata Power shares is particularly noteworthy given its year-to-date gain of 5.28%. Over a longer horizon, the company has demonstrated impressive returns, with a one-year return of 12.23%, a three-year return of 91.38%, a five-year return of 252.85%, and an astonishing ten-year return of 579.59%.

The rise in Tata Power shares can be attributed to the current market conditions, where shares of Indian power companies have surged sharply as early summer heat has pushed electricity demand higher. This situation has created a favorable environment for Tata Power, enhancing investor confidence.

Experts have weighed in on the stock’s performance. Kiran Jani noted, “Both Tata Power and Adani Power look good at current market prices, but a buy-on-dips approach would be better.” This suggests that while the stock is performing well, there may be opportunities for investors to enter at lower prices.

Furthermore, Jani indicated that if Tata Power holds above Rs 370, it may move towards Rs 410–420 in the short term, providing a potential target for investors looking to capitalize on the stock’s momentum.

Overall, the recent performance of Tata Power shares reflects a strong response to market dynamics and investor sentiment. As the demand for electricity continues to rise, the company appears well-positioned to benefit from these trends.

Details remain unconfirmed regarding future market fluctuations, but the current outlook for Tata Power remains optimistic.

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On March 12, 2026, the Coal India share price surged over 6%, reaching a fresh 52-week high of Rs 473.9. This increase marks a significant milestone for the company, which has seen its stock deliver a multibagger return of 212% over the past five years and 109% in the last three years.

The stock’s performance has been buoyed by a robust coal supply situation in India. Currently, the total coal stock in the country stands at approximately 210 million tonnes, which is sufficient to meet nearly 88 days of consumption. This surplus has been attributed to coal production and supply exceeding consumption levels this year, leading to record-high stock levels.

As of March 12, Coal India’s market capitalization was reported at Rs 2,88,631.38 crore. The stock has gained 7.61% over the three days leading up to this surge, reflecting strong investor confidence.

Coal India Limited plays a crucial role in supplying coal to a majority of the country’s thermal power plants, which generate a significant portion of India’s electricity. This strategic position in the energy sector underlines the importance of the company’s performance to the overall economy.

Historically, the stock has fluctuated, with its 52-week low recorded at Rs 350.15 on April 7, 2025. The recent upward trend indicates a positive shift in market sentiment towards Coal India shares.

Observers are keenly watching how the stock will perform in the coming days, especially in light of the ongoing dynamics in the coal market and energy sector. Details remain unconfirmed regarding any potential changes in production levels or government policies that could impact future performance.

The post Coal India Share Price Surges Over 6% to Reach New High appeared first on The Business News.

Indian Oil Corporation Limited (IOCL) has assured that fuel supply across the country remains uninterrupted. All fuel stations nationwide are fully operational with adequate stocks of petrol, diesel, and other petroleum products. Consumers have been advised to rely only on verified information and continue refuelling as usual.

Apprenticeship Recruitment for 2026

In addition to ensuring fuel availability, IOCL has released the IOCL Apprenticeship Recruitment 2026 notification for 405 apprentice posts. This recruitment drive aims to engage trade, technician, and graduate apprentices under the Apprentices Act.

To apply for the apprenticeship programme, candidates must meet specific educational and age requirements as outlined in the official notification. The minimum age to apply is 18 years, while the maximum age is 24 years.

The apprenticeship programme provides candidates with hands-on training in technical and operational roles within IOCL facilities, contributing to skill development in the oil and energy sector.

Interim Dividend Announcement

Furthermore, Indian Oil Corporation Ltd has announced an interim dividend of Rs. 2.00 per share, with both the ex-date and record date set for 12 March 2026. This announcement reflects the company’s ongoing commitment to its shareholders amidst its operational activities.

As IOCL continues to navigate the complexities of the energy market, details remain unconfirmed regarding future developments in both fuel supply and apprenticeship initiatives.

The post Iocl: Fuel Supply and Apprenticeship Updates from Indian Oil Corporation Limited appeared first on The Business News.

The Indian oil gas booking system, particularly Indane’s LPG refill service, has faced a major disruption due to an unprecedented surge in customer demand. This situation has resulted in a crash of the booking system across the country, leaving many consumers frustrated.

The volume of calls to Indane’s IVRS and missed call booking numbers has reportedly increased by 8-10 times the usual levels. This spike in demand has overwhelmed the existing infrastructure, leading to longer wait times for customers seeking to book their LPG cylinder refills.

Government Response and Supply Challenges

In response to the rising demand, the government has increased the minimum waiting period for booking a domestic LPG cylinder refill from 21 days to 25 days. This adjustment reflects the severe imbalance between supply and demand, as the supply of domestic cylinders has been reduced by 50% while demand has surged by 50%.

As a result of these challenges, the price of a standard 14.2kg LPG gas cylinder in Delhi has risen to ₹913, marking an increase of ₹60. The situation is further complicated by geopolitical tensions that have delayed imports, which account for 60% of India’s LPG needs.

Consumer Reactions and System Failures

Consumers have expressed their anxiety over the situation, with reports indicating that many have crowded distribution centers with empty cylinders, seeking immediate replacements. An employee at an Indane distribution center noted, “People were anxious and crowded the office with their empty cylinders to get new ones.”

The disruption has not only affected consumer bookings but has also impacted the vendor invoice management system, which is currently down, according to a distributor in Bengaluru. Additionally, one consumer in Madipakkam reported that the IVR system kept repeating its message, further adding to the frustration.

Looking Ahead

As the situation evolves, the focus remains on stabilizing the supply chain and addressing the overwhelming demand. While domestic production has been prioritized, uncertainties regarding the timeline for resolving these issues persist. Details remain unconfirmed.

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Adani Total Gas shares jumped 13.08% to Rs 534.25 on March 11, 2026, following reduced LNG supply from the Middle East due to geopolitical tensions. The stock reached a high of Rs 544.00 during the trading session.

The surge in share price comes in the wake of Qatar halting LNG production after an Iranian drone attack, which has raised concerns over energy supply routes. India imports approximately 40% of its LNG from Qatar, making the situation particularly impactful for companies reliant on these imports.

In response to the supply disruptions, Adani Total Gas has increased gas prices to Rs 119 per standard cubic metre. This adjustment reflects the ongoing challenges in securing energy supplies amid the conflict.

During the trading day, a total of 59.44 lakh shares were traded, with a total traded value of Rs 316.62 crore. Despite the recent uptick, the year-to-date returns for the stock remain at -9.74%, while one-year returns stand at -10.21%.

Market analysts note that the rise in Adani Total Gas Limited share price is primarily due to supply problems arising from the ongoing conflict in the Middle East. “Whenever international energy routes face disruptions, gas-linked companies in India often react quickly in the stock market today,” an analyst commented.

The ongoing conflict in the Middle East has significantly affected global energy routes, particularly shipments through the Strait of Hormuz, which is a critical passage for LNG exports.

As the situation develops, investors will be closely monitoring further announcements from Adani Total Gas and other stakeholders in the energy sector. Details remain unconfirmed regarding the long-term implications of these supply disruptions.

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Oil prices have experienced a significant decline today, with Brent crude futures dropping by $6.51, or 6.6%, to $92.45 a barrel, while US West Texas Intermediate (WTI) crude fell by $6.12, or 6.5%, to $88.65. This downturn follows a dramatic surge earlier in the week, where oil prices jumped almost 30% on Monday, crossing the $100-a-barrel mark.

Factors Behind the Price Drop

The recent fluctuations in oil prices can be attributed to a combination of geopolitical tensions and production adjustments by major oil-producing countries. Iraq has significantly reduced output at its key southern oilfields by 70%, bringing production down to 1.3 million barrels per day. Additionally, Kuwait Petroleum Corporation has started to cut output and declared force majeure, while Saudi Arabia has also begun trimming production.

Market Reactions and Historical Context

These developments come in the wake of heightened concerns regarding supply disruptions due to ongoing conflicts in the Middle East. The Strait of Hormuz, a critical route for global oil transport, remains a focal point of tension, particularly as Iran’s Revolutionary Guards have warned that they would not allow ‘one litre of oil’ to be exported from the region if US and Israeli strikes continue. This backdrop has led to increased volatility in oil markets.

Statements from Key Figures

In light of these events, G7 countries have expressed readiness to take necessary measures to address surging global oil prices. Former President Donald Trump remarked on the situation, stating that the war against Iran ‘is very complete’ and that Washington was ‘very far ahead’ of the initial timeline he had projected. Meanwhile, market analysts like Apurva Sheth noted that the ‘Trump always chickens out (TACO) trade is back’ after crude oil jumped more than 50% in two sessions following escalations in the conflict.

Potential Future Developments

As the situation evolves, uncertainties remain regarding the exact impact of diplomatic movements on oil prices. Analysts, including Maulik Patel, caution that if the conflict continues for an extended period and oil shipments through the Strait of Hormuz are disrupted, prices could rise again. The dynamics of the oil market are closely tied to geopolitical developments and the decisions made by oil-producing nations.

Details remain unconfirmed regarding how these geopolitical tensions will ultimately affect oil prices in the long term. The market is poised for further fluctuations as stakeholders monitor the situation closely, with potential implications for global energy supply and pricing strategies.

The post Oil Price Today: Significant Decline Amid Geopolitical Tensions appeared first on The Business News.

The crude oil price has recently surpassed $100 a barrel, a significant increase that contrasts with prior expectations of stable pricing. Previously, the U.S. enjoyed a positive oil trade balance of 2.8 million barrels per day, driven by robust exports of over 6 million barrels of refined products and 4 million barrels of crude oil daily.

Immediate Changes

This surge in oil prices has immediate ramifications for consumers and the economy. High gasoline prices are beginning to affect consumer spending habits, particularly in durable goods sectors. As prices at the pump rise, many Americans are feeling the financial strain, leading to sentiments of pessimism regarding their economic outlook.

Effects on Consumers and Industry

High gas prices not only influence consumer sentiment but may also encourage shifts in purchasing behavior. For instance, more Americans are considering the transition to electric vehicles as a response to escalating fuel costs. Additionally, the current economic climate may lead to increased investments in clean technologies as businesses adapt to the changing market dynamics.

Expert Perspectives

According to the U.S. Federal Reserve, gasoline prices have not been a major contributor to inflation in recent years, yet the current spike could alter this landscape. Experts note that while high gas prices can lead to decreased consumer spending, they also create opportunities for innovation in energy solutions.

As the U.S. oil production continues to come from diverse states including Texas, New Mexico, and North Dakota, the overall impact of these price changes will be closely monitored by industry analysts and policymakers alike.

In summary, the recent rise in crude oil price is reshaping consumer behavior and investment strategies, with potential long-term implications for the energy sector and the broader economy. High gas prices are prompting discussions about sustainability and alternative energy sources, marking a pivotal moment in the ongoing evolution of the U.S. energy landscape.

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