RBI imposes restrictions on Etawah-based Nagar Sahakari Bank Ltd

IANS | May 18, 2026 10:04 PM

New Delhi, May 18 (IANS) The Reserve Bank of India (RBI) on Monday issued certain directions to Etawah-based Nagar Sahakari Bank Ltd, saying that the bank will not grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits without prior approval of RBI in writing.

India to keep buying Russian oil despite US waiver expiry

IANS | May 18, 2026 9:09 PM

New Delhi, May 18 (IANS) India has been buying Russian oil regardless of US sanctions or waivers and will continue to do so based on commercial viability and the country’s energy security needs, a senior Petroleum Ministry official said on Monday.

US Treasury reaches settlement with Adani Enterprises

IANS | May 18, 2026 9:00 PM

New Delhi, May 18 (IANS) The US Treasury Department's Office of Foreign Assets Control (OFAC) on Monday announced that it has reached a $275 million settlement with India’s Adani Enterprises Limited (AEL) over the "apparent violations" of sanctions on Iran in the company’s purchase of LPG.

PM Modi suggests setting up of start-up innovation hub, green innovation hackathon between India and Norway

IANS | May 18, 2026 8:30 PM

Oslo, May 18 (IANS) Prime Minister Narendra Modi and his Norwegian counterpart Jonas Gahr Store on Monday reviewed the full spectrum of India-Norway relations, covering trade and investments, follow-up on the India-EFTA Trade and Economic Partnership Agreement (TEPA), climate action and energy transition, blue economy and ocean governance, research and higher education, Arctic and polar cooperation, space, and talent mobility.

Over 1.72 crore domestic LPG cylinders sold in four days

IANS | May 18, 2026 6:34 PM

New Delhi, May 18 (IANS) More than 1.72 crore domestic liquefied petroleum gas cylinders were delivered during the last four days, against bookings of around 1.69 crore cylinders, as the supply of cooking gas remains normal with no dry-outs reported at retail distributorships despite supply chain disruptions due to the Middle East conflict, according to an update issued by the Ministry of Petroleum and Natural Gas on Monday.