OMCs dismiss fuel and LPG shortage concerns, urge public not to rely on rumours

IANS | May 21, 2026 3:21 PM

New Delhi, May 21 (IANS) India's leading state-run oil marketing companies (OMCs) -- HPCL, IOCL, and BPCL -- on Thursday assured customers that petrol, diesel and LPG supplies remain stable across the country, while urging people not to rely on rumours or unverified social media messages regarding fuel shortages.

CII signs strategic MoU with Cyprus Chamber of Commerce and Industry

IANS | May 21, 2026 2:47 PM

Mumbai, May 21 (IANS) Apex business chamber CII signed a strategic memorandum of understanding (MoU) with Cyprus Chamber of Commerce and Industry (CCCI) on Thursday in the presence of Cyprus President Nikos Christodoulides and Maharashtra Chief Minister Devendra Fadnavis.

DRI busts vape smuggling racket, seizes Rs 120 crore worth e-cigarettes imported from China

IANS | May 21, 2026 2:26 PM

New Delhi, May 21 (IANS) In a major crackdown against illegal import of prohibited nicotine products, the Directorate of Revenue Intelligence (DRI) on Thursday announced that it has busted a large-scale e-cigarette (vape) smuggling racket in its operations across several ports, airports and ICDs in Maharashtra, Gujarat, Delhi and West Bengal in last few days.

India, US working as natural partners across sectors: Piyush Goyal

IANS | May 21, 2026 2:16 PM

New Delhi, May 21 (IANS) Commerce and Industry Minister Piyush Goyal on Thursday said India and the United States are working as natural partners and complement each other across sectors, including technology innovation, high precision defence, digital data centres, quantum computing and medical devices.

Chokepoints emerging as new hurdle for global trade flows: Report

IANS | May 21, 2026 1:50 PM

New Delhi, May 21 (IANS) After Iran demonstrated that it can exploit its geographical advantage to use the Strait of Hormuz as a chokepoint and monetise transit through the narrow waterway by charging a fee on ships, the trend appears to be spreading, with Indonesia sending a signal that it is contemplating similar steps to raise revenue from the Strait of Malacca.