Blog

22 May

Strait of Hormuz Crisis: Worst Case Supply Disruption Could Send Oil Soaring To $200

anuprovaBusiness

Energy research firm Wood Mackenzie delivered a stark warning on Monday, saying global crude prices could rocket to an unprecedented $200 per barrel if the vital Strait of Hormuz remains closed through the end of the year. The new report warns of a catastrophic scenario of “extended disruption,” echoing earlier warnings from Iranian military officials that regional escalation would result in a historic energy shock. The strategic waterway is the world’s most important maritime energy choke point. The outbreak of conflict earlier this year has already choked more than 11 million barrels per day of Gulf crude and condensate production…

22 May

Legal Blow to Vedanta: Apex Court Restores Multi-Crore Grid Code Penalty on Talwandi Sabo Power

nanikaBusiness

In a major legal setback for Vedanta Limited, its subsidiary, Talwandi Sabo Power Limited (TSPL), has been held liable to pay a penalty of approximately ₹127 crore, along with a late payment surcharge, to the Punjab State Power Corporation Limited (PSPCL). The financial liability follows a landmark judgment delivered by the Supreme Court of India. In a regulatory filing, Vedanta disclosed that the apex court has set aside a previous relief order passed by the Appellate Tribunal for Electricity (APTEL). Consequently, the Supreme Court has completely restored the original directive issued by the Punjab State Electricity Regulatory Commission (PSERC), which…

22 May

ASCI’s AdWise programme reaches over 1 million students across India

Business BureauBusiness

Advertising Standards Council of India has announced that its advertising literacy initiative, AdWise, has reached more than 10.66 lakh students across 2,063 schools in India. The programme, developed by ASCI Academy, was designed to help children understand and critically evaluate modern advertising formats, especially in the digital space where influencer marketing and branded content are increasingly common. The initiative covered schools across 13 states, including Uttar Pradesh, Maharashtra, West Bengal, Assam, Karnataka and Tamil Nadu, with sessions conducted in eight languages such as Hindi, English, Marathi, Tamil and Assamese. Students from Grades 3 to 8 participated in structured classroom sessions…

22 May

BHIM app reports over 300% growth in FY26 transaction volumes

Business BureauBusiness

The BHIM Payments App, developed by NPCI BHIM Services Limited, registered a sharp rise in digital payment transactions in FY26, recording a 301 per cent increase in total transaction volumes compared to FY25, the company said on Thursday. According to the company, monthly transaction volumes on the app increased from 5.93 crore in April 2025 to 21.6 crore in March 2026. The growth momentum continued in April 2026, with transaction volumes touching 22.49 crore and transaction value reaching ₹26,040 crore. In West Bengal, the app witnessed rising adoption in daily payment activities, with 71 per cent of transactions categorised as…

22 May

Eating grapes daily may improve your health

Sonakshi SarkarHealth

Rich in antioxidants like resveratrol, grapes are low-calorie, nutrient-dense fruits that improve circulation, lower blood pressure and cholesterol, and reduce inflammation—all of which are factors that contribute to heart health. They help with digestion, boost immunity, enhance brain health (memory and cognition), and may lower the risk of cancer because of their high polyphenol content. Important Health Advantages of Grapes: Heart Health: Antioxidants, which are particularly abundant in red and purple grapes, lower LDL (bad) cholesterol, enhance blood vessel function, and prevent blood clots. Strong Antioxidants: Resveratrol, anthocyanins, and quercetin are polyphenols found in them that combat free radicals, lower…

22 May

Plans to Develop World-Class Tourist Destinations in Mizoram Reviewed

riyaMizoram

A State Level Consultative Workshop on “Developing Global Standard Tourist Destinations” was held at the Economics and Statistics Department Conference Hall, MINECO, Khatla, under the aegis of the Mizoram Tourism Department. The workshop was attended by Lalnghinglova Hmar, Minister for Tourism, Government of Mizoram. This workshop was organized to discuss the roadmap for Mizoram, in line with the Central Government's plan to establish at least one world-class tourist destination capable of competing globally in every State and Union Territory across India. Speaking on the occasion, Minister Lalnghinglova Hmar stated that tourism has immense potential in Mizoram and can significantly contribute…

22 May

CEO Says Extensive Preparations in Full Swing for SIR Across Mizoram

riyaMizoram

Mizoram Chief Electoral Officer (CEO) Garima Gupta informed that extensive preparations are underway across all districts in Mizoram for Special Intensive Revision (SIR) of Electoral Rolls 2026. She said that enumeration forms have already been downloaded in all districts, making Mizoram the first among the 16 states undertaking SIR Phase-III to complete the downloading process. Printing of the forms has also begun and is expected to be completed on May 22. The CEO said that all existing voters, including those whose names already appear in the current electoral roll, will have to submit fresh enumeration forms. Booth Level Officers (BLOs)…

21 May

Australia’s Unemployment Rate Climbs to 4.5% Easing RBA Rate Hike Pressure

anuprovaBusiness

Australia’s unemployment rate unexpectedly rose to 4.5% in April, the highest since November 2021, reflecting a major cooling in the country’s labor market. Data published by the Australian Bureau of Statistics showed the economy lost 18600 jobs over the month, versus consensus forecasts for a modest gain of 15000 positions. The fall was mostly due to a shrinking in female employment, with 10,700 fewer full-time jobs and 7,900 fewer part-time jobs. Meanwhile, unemployment rose 33,000 to 636,000 and the workforce participation rate dipped a hair to 66.7 per cent. The sudden easing of the labor market poses a tricky balancing…

21 May

Adani Power Expands Energy Portfolio with ₹4,194 Crore Jaiprakash Acquisition

nanikaBusiness

In a major move within the Indian energy sector, Adani Power has finalized definitive agreements to acquire a 24 percent stake in Jaiprakash Power Ventures Limited, alongside other key thermal assets from Jaiprakash Associates Limited. The total consideration for the mega-deal is valued at approximately ₹4,193.59 crore. According to recent regulatory filings, Adani Power executed a formal Share Purchase Agreement to secure the 24 percent shareholding of JPVL currently held by JAL. The financial layout for this specific equity acquisition stands at ₹2,993.60 crore. Beyond the equity stake, Adani Power has also signed a comprehensive Business Transfer Agreement. This separate…

21 May

Quick action by former Army driver helps save tourist at Bumla Pass

riyaArunachal Pradesh

A tourist taxi driver and former Army personnel, Urgen Norbu, saved the life of a woman tourist after she suffered severe breathing difficulties at Bumla Pass on Tuesday in Tawang district. Norbu, who now drives tourists to various sightseeing destinations in Tawang after taking voluntary retirement from the Indian Army in 2023, said he had taken three couples from West Bengal to Bumla Pass, located at an altitude of around 15,200 feet. According to Norbu, shortly after reaching the snow-covered destination, one of the women tourists, believed to be around 42 years old, started experiencing breathing difficulties. While the other…