$20 billion bet: ONGC eyes its oil exploration programme with deep-water drilling rigs; eye on energy security

ONGC floated a tender for these rigs as it looks to accelerate hydrocarbon exploration under the government’s Samudra Manthan mission. (AI image) Oil and Natural Gas Corporation or ONGC is expected to spend about $18–20 billion on hiring deep-water drilling rigs for what could become its largest-ever oil exploration programme, according to people familiar with…

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Markets in ‘greed’ mode as AI firms ready IPOs

Goldman Sachs CEO David Solomon said Tuesday that investors have shifted decisively into “greed” mode as markets are poised to test an unprecedented fundraising wave for giant artificial intelligence firms. Asked by CNBC’s Leslie Picker whether markets could support a string of massive equity offerings from the upcoming initial public offerings of OpenAI, Anthropic and…

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Middle East crisis: Asia faces bunker fuel crunch amid Strait of Hormuz disruption, raises cost concerns

The disruption in the Strait of Hormuz amid the Iran conflict has triggered a major disruption in the supply of bunker fuel for Asia, the heavy residual oil that powers most of the world’s cargo ships. It has raised concerns over higher freight costs, supply chain disruptions and rising consumer prices globally.Bunker fuel, a thick…

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‘My partner is half-Indian’: Elon Musk reveals on Nikhil Kamath podcast — ‘son’s middle name is Sekhar’ | India News

Elon Musk on Nikhil Kamath’s “WTF is?” podcast NEW DELHI: Tesla and SpaceX CEO Elon Musk recently shared that his partner, Shivon Zilis, is half-Indian. Speaking on Zerodha founder Nikhil Kamath’s podcast “WTF is?” Musk disclosed, “I’m not sure if you know this, but my partner Shivon is half Indian,” and also revealed that one…

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Govt clears Emirates NBD Bank’s proposal to acquire up to 74% stake in RBL Bank

The finance ministry has approved Dubai-based Emirates NBD Bank’s proposal to acquire up to 74 per cent stake in private sector lender RBL Bank, PTI reported citing a regulatory filing on Friday.RBL Bank said Emirates NBD Bank (P.J.S.C) has received a letter from the Department of Financial Services dated May 14, 2026 approving the proposed…

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