Economic Times4/19/2026BusinessIndia
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Developing·3h ago
Alternative Fuel Vehicles Hit 40% Market Share in India for First Time
For the first time, alternative fuel vehicles (CNG, hybrid, electric) accounted for over 40% of passenger vehicle retail sales in India in June. This shift signals a strong consumer preference for fuel efficiency and lower running costs, with CNG leading the segment.
Times of India
Developing·6h 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·6h 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·8h 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
Developing·53m ago
Government to Sell Up to 5.04% Stake in Cochin Shipyard via Offer for Sale
The Indian government plans to sell up to 5.04% of its stake in Cochin Shipyard Ltd through an Offer for Sale (OFS). The bidding for institutional investors starts July 7, followed by retail investors on July 8, with a floor price set at Rs 1,400 per share. This move is part of the government's disinvestment program.
Economic Times
Developing·8h ago
India Diversifies LPG Imports, US Emerges as Key Supplier Amid Middle East Conflict
India is increasing LPG imports from the US to diversify its supply sources and reduce dependence on the Middle East, especially after the Strait of Hormuz closure disrupted Gulf shipments. US supplies have grown substantially, reaching up to 65% of India's imports in June, helping mitigate supply challenges during the West Asia conflict.
Times of India