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.

India’s EV market surges 57 pc in Q1 2026: Report

IANS | May 18, 2026 5:14 PM

New Delhi, May 18 (IANS) India’s electric passenger vehicle market surged 57 per cent year‑on‑year in the first quarter of 2026, outpacing overall passenger vehicle growth of 13 per cent driven by superior charging infrastructure, competitive pricing and connectivity features, a report said on Monday.