Govt buys back G-Secs worth Rs 6,309 crore in RBI switch auction

IANS | March 9, 2026 5:47 PM

Mumbai, March 9 (IANS) The government on Monday announced that it has bought back government securities worth Rs 6,309 crore through a switch auction conducted by the Reserve Bank of India, replacing near-term maturing bonds with longer-term instruments to manage its repayment obligations more smoothly.

Domestic aviation stocks tumble over 8 pc as crude crosses $110

IANS | March 9, 2026 4:48 PM

Mumbai, March 9 (IANS) Shares of Indian aviation companies on Monday witnessed heavy selling pressure as tensions in the Middle East escalated, pushing crude oil prices past the $110 per barrel mark after major producers reduced output while the Strait of Hormuz remained effectively closed due to the Iran conflict.

India has 74-day reserves of oil, petroleum products: Minister

IANS | March 9, 2026 4:44 PM

New Delhi, March 9 (IANS) India currently has a total capacity for storage of crude oil and petroleum products for 74 days, which can help to tide over disruptions in case of adverse situations such as geopolitical conflicts, the Parliament was informed on Monday.

Upstream energy, defence, select refineries to benefit from US-Iran war: Report

IANS | March 9, 2026 3:40 PM

New Delhi, March 9 (IANS) A sustained rise in crude oil prices due to the US-Iran war will benefit upstream oil exploration companies, energy infrastructure companies and select refineries while pressuring oil‑sensitive sectors such as aviation, paints, tyres, chemicals and logistics, a report said on Monday.

No major impact on India due to rise in global oil price: FM Sitharaman

IANS | March 9, 2026 3:25 PM

New Delhi, March 9 (IANS) The impact of the rise in global crude oil prices on the rate of inflation in India is not estimated to be substantial at this point, as the country’s inflation is near the "lower bound", Finance Minister Nirmala Sitharaman said in Parliament on Monday.

India emerges as a strategic partner for EU: Report

IANS | March 9, 2026 3:25 PM

New Delhi, March 9 (IANS) India’s relations with Germany and the European Union (EU) have strengthened from being based merely on trade ties to a strategic alignment encompassing economics, technology and shared interest in a stable Indo-Pacific, according to a new report