All posts tagged: companies..

Trump administration in talks to fund drone companies, says report

Trump administration in talks to fund drone companies, says report

Published by Parlour News

The Trump administration is in talks to provide funding to some drone companies, including Unusual Machines and Sequoia Capital-backed Neros, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. US President Donald Trump speaks during a cabinet meeting in the Cabinet Room at the White House, in Washington DC. (REUTERS) Shares of Unusual Machines were up 37% in premarket trading on Thursday. Drone dominance was described as a “presidential priority” in President Trump’s $1.5 trillion defense budget request for fiscal year 2027. Months-long discussions between private sector firms and the Pentagon have included the Office of Strategic Capital, a Biden-era lending unit focused on companies critical to national security supply chains, the Journal reported. Also Read | Convergence, not conflict, must cornerstone of Indo-US ties Unusual Machines is a drone components maker that counts Donald Trump Jr. as an adviser, while Neros is a startup specialising in autonomous drones. Performance Drone Works, which won a contract to supply the U.S. Army with reconnaissance drones, is also under consideration for possible funding, …

India’s state oil companies struggle under mounting fuel subsidy burden amid West Asia tensions

India’s state oil companies struggle under mounting fuel subsidy burden amid West Asia tensions

Published by Webster

India’s state-owned oil companies (OMCs) are facing growing financial pressure after absorbing massive losses to shield consumers from the impact of soaring global energy prices triggered by the ongoing Middle East tensions, reported the PTI. For the last 10 weeks, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have continued selling petrol, diesel and cooking gas LPG at rates significantly below actual costs, despite a steep rise in crude oil prices, the news agency reported. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Trump shocks US oil companies, hints at ‘war for months’ even as airlines fail, Americans bleed cash

Trump shocks US oil companies, hints at ‘war for months’ even as airlines fail, Americans bleed cash

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Published on Apr 30, 2026 01:04 pm IST Oil has jumped to 120 dollars a barrel—its highest in over four years—after Trump warned the Hormuz blockade could last for months and called it “genius” in a meeting with oil executives. As budget airlines seek 2.5 billion dollars in aid and Spirit battles a second bankruptcy, Americans say they are paying for his Iran strategy.   Home / Videos / World News / Trump shocks US oil companies, hints at ‘war for months’ even as airlines fail, Americans bleed cash Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Rajasthan may serve as “living lab” for farm tech companies: CM Bhajan Lal Sharma

Rajasthan may serve as “living lab” for farm tech companies: CM Bhajan Lal Sharma

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Rajasthan Chief Minister Bhajan Lal Sharma attends the Global Rajasthan Agritech Meet (GRAM) 2026, in Bengaluru, Karnataka, Sunday, April 26, 2026. | Photo Credit: PTI With its enormous crop diversity, Rajasthan may serve as a “living lab” for the agricultural technology companies which could avail of the numerous investment opportunities in food processing, cold chains, organic farming and drone-based agriculture, Chief Minister Bhajan Lal Sharma said on Sunday (April 26, 2026). Mr. Sharma was addressing an investor meet in Bengaluru ahead of the Global Rajasthan Agritech Meet (GRAM)-2026 to be organised in Jaipur next month. He said technology had an immense potential to transform agriculture sector in the State on a large scale, with the vast scope for modern irrigation and artificial intelligence-based crop assessment. Published – April 27, 2026 06:14 am IST Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

China to curb US investment in tech companies: Report | Technology News

China to curb US investment in tech companies: Report | Technology News

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2 min readApr 24, 2026 05:45 PM IST China plans to restrict top technology firms, including leading AI startups, from accepting US capital without government approval, Bloomberg News reported on Friday, citing people familiar with the matter. Chinese regulators, including the National Development and Reform Commission, have recently instructed several private technology firms to reject US investment in funding rounds unless ⁠explicitly ​approved,, the report said. AI startups Moonshot AI and StepFun were among the companies that received the guidance, the report said, adding that TikTok owner ByteDance has also been told ​it ​should not allow secondary share sales to ⁠US investors without clearance.The measures are aimed at preventing US investors from gaining stakes in ‌sensitive technologies linked to China’s national security, Bloomberg reported. NDRC, the Chinese Embassy in Washington, StepFun, ByteDance, Meta and Moonshot AI did not immediately respond to Reuters requests for comment. The US Department of the Treasury and the Department of Commerce’s Bureau also did not respond immediately. The ⁠heightened scrutiny follows ⁠Meta’s more than $2 billion acquisition of AI startup …

Enough stock of petroleum products and LPG in Punjab: Oil companies

Enough stock of petroleum products and LPG in Punjab: Oil companies

Published by Parlour News

Oil Marketing Companies (OMCs) on Friday said the supply of petroleum products and LPG was stable and adequate to meet the current demand in Punjab. The stock position at LPG bottling plants is comfortable, with inventory levels adequate in line with norms in the past and replenishments also planned, said Indian Oil Corporation Limited executive director and state level coordinator of Punjab Ashutosh Gupta. (Hindustan Times) In a press statement, Indian Oil Corporation Limited (IOCL) executive director and state level coordinator of Punjab Ashutosh Gupta said the stock position of motor spirit (MS) and high-speed diesel (HSD) was normal across the state. “OMC depots are maintaining healthy inventory levels, while retail outlets have sufficient stock for uninterrupted sales. There is no cause for concern regarding the availability of automotive fuels,” he said. With respect to LPG, the stock position at bottling plants was also comfortable, with inventory levels adequate in line with norms in the past and replenishments also planned, Gupta said. The statement further said OMCs were closely monitoring the situation and had taken necessary steps …

Ramayana: Sanjay Gupta says `VFX companies don’t win Oscars, technicians do`

Ramayana: Sanjay Gupta says `VFX companies don’t win Oscars, technicians do`

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Director Sanjay Gupta is not really happy with the first look of Lord Ram from the upcoming Indian epic Ramayana. On Thursday, the director took to his X, formerly Twitter, and wrote, “Obvious observation. VfX companies don’t win oscars. The technicians do (sic)”. The director referred to the VFX giant DNEG, which boasts an Oscar for Best Visual Effects for Dune: Part Two at the 97th Academy Awards. DNEG is looking after the VFX of Ramayana, and has done a good job so far considering the assets from the film. Ramayana is directed by Nitesh Tiwari. The film stars Ranbir Kapoor as Lord Rama, with Sai Pallavi cast as Sita and Yash reported to play Ravana. Sunny Deol is associated with the role of Hanuman, while Ravi Dubey has been linked to Lakshman. The project is mounted on a large scale and is planned as a multi-part cinematic adaptation of the epic. The music is being composed by A. R. Rahman and Hans Zimmer, marking a cross-industry collaboration. The film’s visual effects are being handled …

Oil companies say India has enough fuel after PM asks country to ‘be prepared’ over Iran war disruptions| India News

Oil companies say India has enough fuel after PM asks country to ‘be prepared’ over Iran war disruptions| India News

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Amid disruptions in global energy supplies and fears of strict measures over shortage of fuel and gas due to the US-Iran war, oil companies on Wednesday dismissed rumours of petrol-diesel shortage saying that India has adequate reserves. PM Modi’s Rajya Sabha speech (Sansad TV/ANI Video Grab) The February 28 US-Israeli strikes on Iran sparked a war that has not just affected the Gulf region but the entire world, with key waterway Strait of Hormuz being virtually closed off. A fifth of world’s gas and fuel requirements reportedly travel through the Strait of Hormuz that Iran’s retaliation has choked. Amid tankers carrying gas and crude oil being stranded or delayed due to the chokehold on the Strait of Hormuz, questions have been growing around what steps the government would take to cater to the global crisis, so much so that some have even wondered if there could be lockdown-like measures. Oil companies dismiss fuel shortage rumours Addressing the growing speculation and fears, Indian oil companies Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and …

Govt introduces Bill to amend Companies, LLP laws, refers it House panel amid Opp objections | India News

Govt introduces Bill to amend Companies, LLP laws, refers it House panel amid Opp objections | India News

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Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday introduced the Corporate Laws (Amendment) Bill, 2026, which seeks to amend the Limited Liability Partnership Act, 2008 and the Companies Act, 2013, in the Lok Sabha. The Bill has been referred to a 31-member Joint Committee of Parliament for a detailed analysis. The committee, comprising 21 Lok Sabha Members to be chosen by Lok Sabha Speaker Om Birla and 10 Rajya Sabha Members to be selected by Chairperson and Vice-President C P Radhakrishnan, will submit its report on the last day of the first week of the Monsoon Session. The Amendment Bill, which aims to streamline the regulatory processes for companies, decriminalise minor offences by shifting from criminal penalties to monetary fines in order to reduce the compliance burden on businesses, was referred to the the House panel amid questions from the Opposition MPs in the Lok Sabha. The Bill also proposes to tweak norms for convening hybrid annual or extraordinary general meetings, unpaid dividends, investor protection framework, along with the introduction of a framework for …

Govt introduces Bill to amend Companies, LLP laws, refers it House panel amid Opp objections | India News

Govt introduces Bill to amend Companies, LLP laws, refers it House panel amid Opp objections | India News

Published by Parlour News

Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday introduced the Corporate Laws (Amendment) Bill, 2026, which seeks to amend the Limited Liability Partnership Act, 2008 and the Companies Act, 2013, in the Lok Sabha. The Bill has been referred to a 31-member Joint Committee of Parliament for a detailed analysis. The committee, comprising 21 Lok Sabha Members to be chosen by Lok Sabha Speaker Om Birla and 10 Rajya Sabha Members to be selected by Chairperson and Vice-President C P Radhakrishnan, will submit its report on the last day of the first week of the Monsoon Session. The Amendment Bill, which aims to streamline the regulatory processes for companies, decriminalise minor offences by shifting from criminal penalties to monetary fines in order to reduce the compliance burden on businesses, was referred to the the House panel amid questions from the Opposition MPs in the Lok Sabha. The Bill also proposes to tweak norms for convening hybrid annual or extraordinary general meetings, unpaid dividends, investor protection framework, along with the introduction of a framework for …