
India-Pak tensions: Oil PSUs assure ample fuel stocks, urge against panic buying
Indian oil companies have issued statements assuring ample fuel stocks across the country. The Indian Oil Corporation and Bharat Petroleum Corporation Limited have emphasised that there is no shortage of petrol, diesel, CNG, or LPG. They have urged the public not to resort to panic buying or hoarding. The companies state that supply chains remain robust and efficient, ensuring uninterrupted supplies. The government is also tackling false information on social media to prevent unnecessary panic.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
13 minutes ago
- Time of India
Eid al-Adha holiday 2025: Are banks and stock market open or closed on June 6 & 7? Check what's open for Bakrid
NEW DELHI: Eid al-Adha , also known as Bakrid or Eid ul-Zuha, is expected to be celebrated in India on Friday, June 7, depending on the sighting of the crescent moon. The day is likely to be observed as a public holiday across most parts of the country. Schools, colleges, banks, and government offices are expected to remain closed to mark the occasion. Eid al-Adha: Will banks be open or closed on the occasion? Banks in several parts of India will be closed for two days this week in observance of Eid al-Adha (Bakrid), according to the RBI holiday calendar. June 6 (Friday): Banks in Thiruvananthapuram and Kochi will be closed for Bakrid. June 7 (Saturday): Most banks across India will remain closed, except in Ahmedabad, Gangtok, Itanagar, Kochi, and Thiruvananthapuram, where they will operate as usual. These cities stay open because it's the first Saturday, which is not a bank holiday. June 8 (Sunday): All banks across the country will be closed due to the regular weekly holiday. Are NSE and BSE open or closed? The Indian stock market (NSE & BSE) will remain open on both June 6 (Friday) and June 7 (Saturday). Both exchanges will follow their standard operating schedule as per their holiday calendar. Will digital banking services be available? Meanwhile, digital banking services like mobile banking, net banking, UPI, and IMPS will continue to work as usual, even if bank branches are closed in some areas. Customers can carry out all online transactions without any disruption. Essential services such as NEFT/RTGS transfers, demand draft processing, cheque book requests and card-related operations will remain available through digital channels, despite the bank holidays. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Economic Times
13 minutes ago
- Economic Times
Future-proofing the business: How Indian firms are leveraging ESG for growth
Rajiv Kumar, Vice Chairman, DS Group India is at an interesting inflection point considering it is the world's fourth-largest economy with the most number of young people. This unprecedented combination, both highly climate-exposed and the site of one of the world's most vibrant consumer markets, gives its national sustainability quest unmatched strategic significance and conceptual intensity. India's focus on environmental, social and governance (ESG) has evolved significantly over the years, from being aspirational to institutionalising it. In 2021, the Securities and Exchange Board of India (SEBI) mandated extensive ESG disclosures for the top 1,000 listed companies through its Business Responsibility and Sustainability Report (BRSR) framework. This significant regulation fundamentally changed the approach, transitioning from merely promoting transparency to formally integrating sustainability into corporate accountability. The country's banking sector, as well, is seeing a deep rethink. The Reserve Bank of India's release of Green Deposit Guidelines represents an unmistakable push toward climate-responsible lending strategies. Banks are now increasingly being charged with integrating exacting environmental risk analysis into their overall sustainability move forward in coordinated development very core credit decision-making protocols—a subtle yet powerful restructuring of capital deployment methods. At a policy level, the Ministry of Corporate Affairs issued the National Guidelines on Responsible Business Conduct (NGRBC) in 2018, providing a comprehensive framework for businesses to adopt responsible and sustainable practices aligned with ESG principles and the United Nations Sustainable Development Goals (SDGs). This strategic alignment gives unity to what were formerly separate endeavors, ensuring that social responsibility and overall sustainability move forward in coordinated development. This comprehensive regulatory makeover is already prominently transforming company conduct. Statistics show that by mid-2024, more than 1,170 Indian businesses had filed their BRSRs—a record of swift compliance in just twelve months. In addition, about 20 Indian businesses have been recognized in the globally recognized Dow Jones Sustainability Index, highlighting that achieving international sustainability standards is not just within sight but is even rapidly becoming the default expectation in Indian business circles. Big businesses are no longer side lining sustainability as a third-order function. The deliberate hiring of Chief Sustainability Officers, the explicit connection of executive remuneration to the success of ESG objectives, and the spontaneous inclusion of circular economy paradigms into fundamental strategic considerations are unmistakable signs that this era marks a deep divergence from the outdated conventions of 'business as usual.'As the shadow of climate risk comes to dominate and societal scrutiny hones in on its target, businesses with truly credible ESG plans are self-consciously positioning themselves to dominate markets that increasingly become excruciatingly discerning. Consumers, investors, and collaborative stakeholders alike expect higher levels of transparency, provable accountability, and quantifiable impact, and they actively reward those organizations that reliably meet those products and services based on real sustainable principles are systematically outperforming their traditional equivalents, building stronger consumer loyalty and immensely enhancing brand value. In a world with an oversupply of choices, the environmental and social integrity of a company is becoming a determining differentiator, especially among digitally-native and more ethically-conscious consumer bases. Capital flows are unmistakably following suit. ESG funds are growing exponentially, with assets under management worldwide expected to more than double to over an eye-watering $50 trillion by 2025, Bloomberg Intelligence businesses that profoundly integrate ESG thinking into their operational DNA are better able to navigate disruptive forces, whether arising from climate-related supply chain disruption, reputational risk, or sudden regulatory changes. Sustainability, as such, is not simply about altruism; it is really about building businesses that can not only survive but thrive in a world characterized by inherent and increasing volatility. A landmark 2022 McKinsey & Company report showed that firms with high ESG scores enjoy a reduced cost of capital and are more likely to have high performance in terms of long-term value creation. In parallel, a Morningstar review showed that worldwide ESG fund inflows exceeded $67 billion in 2023. On the essential supply chain side, Carbon Disclosure Project revealed that climatic disruptions in suppliers alone cost businesses worldwide a collective $120 billion in 2022, a stark reflection of why meaningful ESG integration is now an absolute necessity for business workforce, especially Gen Z and millennials, prioritizes values like sustainability. A 2023 LinkedIn study found 64% wouldn't work for an employer misaligned with their values. For businesses, ESG is now key to attracting and retaining top talent. India reflects this global trend. Domestic ESG mutual funds exceeding Rs 10,000 crore AUM signal growing investor confidence. Indian companies are leveraging ESG beyond compliance to access global capital, enter new markets, and build reports, companies need action. This means asking critical questions: What ESG risks truly matter? What's material, what's noise? Leading companies align with global standards (GRI, SASB, TCFD, IFRS) to build focused, measurable, and accountable strategies. It's about future-proofing the business. Stakeholders demand evidence, not just narratives. India's progress is commendable, with established frameworks and increasing disclosures driving serious boardroom discussions. Companies worldwide are re-engineering operations and understand that growth at the cost of the planet is not ethical. The author is Vice Chairman, DS Group.


India.com
13 minutes ago
- India.com
Mexico emerges as major threat to this business of India! Mukesh Ambani can compete because…
India is the biggest producer of mangoes on Earth. Still it's on the fourth rank, behind countries that grow a fraction of what India does. According to advisory firm FinFloww which cited the numbers according to which Mexico exports 22.5% of its mangoes and earns $575 million, while India exports only 0.13% and gets only $148 million, although it produces over 26 million tons annually. This is because 40% of India's mango harvest rots due to a lack of modern storage and transportation systems. But Mexico has built export machines and coordinated farming, with the help of strong institutional support. Mexico started mango cultivation only 35 years ago. Whereas India might have started it around 4,000 years ago. How is Mexico Threat To India's Mango Business? According to FinFloww's thread on X, Mexico has a strong cold chain system that keeps mangoes fresh during transit, while India faces challenges due to limited cold storage and outdated technology. It added, ''Without proper cold chain management, 25-40% of Indian mangoes perish before reaching consumers. That's nearly half our potential exports rotting away because we haven't invested enough in modern preservation methods.'' How Can Mukesh Ambani Compete With It? FinFloww highlights Mukesh Ambani is turning Jamnagar into 'Aamnagar'! Reliance Industries transformed barren land in Jamnagar into a thriving 600-acre mango orchard with 130,000 trees and 200+ varieties. India's been growing mangoes for 4000 years, yet ranks only 4th in export value But Mexico started just 35 years ago & is already No. 1! The Crazy Part? Mukesh Ambani is pulling off a Jio-moment in the global mango market THREAD: How India plans to reclaim the king of fruits — FinFloww (@FinFloww) June 4, 2025 The Reliance model tackles India's challenges with the help of its Advanced farming techniques Cultivation of both Indian and international varieties Substantial capital investment Vertically integrated approach They've become Asia's leading mango exporter! FinFloww also thinks it might be 'Jio Moment' for Ambani wherein he transformed India's telecom industry. Similarly his mango farm can be India's agri-export model.