Economic Times5/3/2026BusinessIndia
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Developing·25m ago
BPCL to Invest ₹10,000-12,000 Crore to Expand Retail Offerings and EV Network
Bharat Petroleum Corporation Ltd (BPCL) plans to invest ₹10,000-12,000 crore to expand its retail offerings, including its EV charging network, Drive Fresh, and Be Cafe initiatives. The company aims to increase its market share from 29.9% to 32% by 2030, shifting from a product-centric to a solution-centric approach.
Economic Times
Developing·33m ago
Sebi Warns Reliance Industries Over Insider Trading Lapses
Sebi has issued an administrative warning to Reliance Industries after finding that two employees and a relative traded shares while possessing unpublished price-sensitive information. The regulator noted compliance lapses but imposed no financial penalties, with Reliance promising corrective measures.
Economic Times
Developing·34m ago
China Slashes Fuel Prices Amidst Declining Crude Oil Costs
China has significantly reduced fuel prices, bringing them close to pre-war levels as crude oil costs decrease. Indian private retailer Nayara Energy has also cut its fuel rates, while state-run firms have not yet followed suit due to substantial first-quarter losses.
Economic Times
Developing·2h ago
Henrico County Schools Dim Lights as Data Centers Drive Up Energy Costs
Henrico County, Virginia, is facing a 25% rise in electricity costs for government and schools, totaling $5 million annually, due to increased demand from 37 data centers. This has led to energy-saving measures like dimming lights, while the data center industry argues it's not responsible for wider market pressures.
Times of India
Developing·2h ago
India Regulator to Nearly Double Stocks for Short Selling, Cut Collateral
India's market regulator plans to boost the cash equities market by nearly doubling the number of stocks available for short selling and reducing collateral requirements. This aims to draw investors from riskier derivatives, with final details expected by year-end.
Economic Times
Developing·3h ago
Microsoft Announces 4,800 Job Cuts, Restructuring Xbox Division
Microsoft is cutting approximately 4,800 jobs, about 2% of its global workforce, as part of a cost-cutting and restructuring effort. The struggling Xbox gaming division will see the deepest overhaul in its history, with 3,200 gaming jobs shed, four studios spun off or sold, and a fifth under review.
Economic Times