Bhubaneswar: As geopolitical tensions intensify in West Asia, anxieties about energy security are unsurprising. But the rapid spread of rumours about petrol and diesel shortages across social media illustrates a familiar problem in moments of global uncertainty: panic often travels faster than facts. India’s largest fuel retailer, Indian Oil Corporation, has categorically dismissed the circulating…
Bhubaneswar: The intensifying confrontation between Iran and its adversaries has taken a new and alarming turn after Tehran reportedly launched a missile strike on a major oil facility in Bahrain, raising fears of a broader regional war and threatening critical global energy infrastructure. Refinery Hit Near Manama The missile reportedly struck the Ma’ameer refinery complex,…
Bhubaneswar: Amid rising uncertainty over energy supplies due to tensions in West Asia, Russia is prepared to reroute crude oil shipments to India to help cushion potential disruptions, according to an industry source cited by Reuters. The source said around 9.5 million barrels of crude are already on board tankers near Indian waters, and these…
Bhubaneswar: Government sources have said that India remains in a comfortable position regarding energy security despite global uncertainties affecting oil and gas markets. Officials stated that the country currently holds adequate energy stocks, which are being replenished daily to ensure uninterrupted supply. They emphasised that there is no shortage of LPG or LNG, adding that…
Bhubaneswar: The Strait of Hormuz remains one of the most strategically vital energy chokepoints in the world. Connecting the Persian Gulf to the Gulf of Oman and the Arabian Sea, this narrow maritime corridor carries roughly one-fifth of global oil supplies each day. Any disruption — or even credible claims of a temporary closure —…
Bhubaneswar: Indian fuel prices could face upward pressure following reports that Iran has closed the Strait of Hormuz, one of the world’s most critical oil transit routes. The narrow maritime corridor connects the Persian Gulf to global markets and handles a significant share of international crude oil shipments. Any disruption in this passage typically constrains…
The East India Company, once among the most powerful trading corporations in history, has shut down once again. Originally founded in 1600, the company played a central role in British colonial expansion in India before being formally dissolved in 1874. More than a century later, in 2010, businessman Sanjiv Mehta revived the historic name as…
Bhubaneswar: A toxic ammonia gas leak from a cold storage facility in the Aiginia market area of Bhubaneswar late on February 26, 2026, sparked panic among residents and shopkeepers, leading to swift evacuation and emergency containment measures. The incident occurred under the jurisdiction of Khandagiri Police Station, where locals reported a strong ammonia smell early…
Bhubaneswar: Odisha Chief Secretary Anu Garg on Wednesday emphasised the need for effective implementation of the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme during a state-level approval committee meeting convened to review its progress. Presiding over the meeting, Garg directed the MSME department to ensure convergence of PMFME with other government programmes…
Bhubaneswar: The Odisha government has announced the establishment of a dedicated Chandua Bazaar in Pipili to rejuvenate the traditional applique craft sector that has faced setbacks following the construction of the NH-316 bypass. Chief Minister Mohan Charan Majhi made the announcement during the presentation of the state budget, stating that the new market complex will…