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Brits warned of prison sentence over energy cost-cutting move

Ofgem has issued a stark warning

India State Refiners Eye Modest Fuel Price Hike as Losses Mount

Indian state refiners are expecting a modest increase in retail fuel prices within days, as the government seeks to balance the impact of the ten-week war in the Persian Gulf and the needs of consumers.

E.ON agrees to buy rival OVO creating one of Britain’s largest energy suppliers

E.ON has agreed a deal to acquire OVO Energy in a major shake-up of the UK energy market, with the value of the transaction remaining undisclosed.The takeover is subject to regulatory approval, which both companies expect to secure during the second half of 2026.Until the approval process is completed, both suppliers will continue operating independently.The agreement includes OVO’s retail customer base and all employees supporting those customers. TRENDING Stories Videos Your Say OVO said...

Thinktank calls for ‘double lock’ England private rent cap to ease living costs

Influential IPPR proposes capping rents at whichever is lower of consumer price inflation or wage growthUK politics live – latest updatesOne of the thinktanks closest to the Labour government is urging ministers to introduce private sector rent controls in England, as the chancellor weighs up how to ease a surge in living costs caused by the Iran war.The Institute for Public Policy Research (IPPR) has published a paper calling for a rent “double lock”, which would link rent increases to either w...

Sensex ends 1,313 points lower, Nifty below 23,900; Titan down 7%

Sensex ends points lower Nifty below Titan down

Why PM Modi wants Indians to avoid buying gold for a year

Prime Minister Modi urged Indians to halt gold purchases for a year to protect foreign exchange reserves, a call supported by GTRI which highlighted a surge in gold imports straining the trade balance. Union Minister Ashwini Vaishnaw echoed the appeal, emphasizing reduced import spending amid Middle East conflict, leading to a sell-off in jewellery stocks.

PM orders inquiry after PML-N MPA injured in attack in Toba Tek Sindh

Prime Minister Shehbaz Sharif on Monday ordered an inquiry into an attack in Toba Tek Singh that left PML-N MPA Col (retired) Sardar Ayub Gadhi injured and four of his aides dead. The incident occurred on Sunday night, when Gadhi was sitting with his friends in his outhouse (Dera) in Chak 184-GB. Subsequently, unidentified gunmen had opened indiscriminate fire. In a statement on Monday, PM Shehbaz expressed deep concern and strongly condemned the incident. He also directed the relevant authoriti...

Gurugram intern breaks down his Rs 3,700-a-day cost to company beyond stipend

Gurugram intern breaks down his Rs aday cost to company beyond stipend

RRJ, Pimco Invest in HK Developer PCPD’s $500 Million Bond Sale

RRJ Capital and Pacific Investment Management Co. are among investors in a $500 million bond offering from Hong Kong billionaire Richard Li’s Pacific Century Premium Developments Ltd., according to people familiar with the matter.

Meta to lay off 8,000 employees this month, CEO Mark Zuckerberg's clear message for staff

Meta is cutting 8,000 jobs on May 20 as CEO Mark Zuckerberg rebuilds the company around small, AI-powered teams. With capex hitting a record $125–145 billion this year, CFO Susan Li admitted there's no clean answer for what Meta's ideal headcount even looks like anymore. The company wants builders who can ship alone what teams once built together—and is letting everyone else go.

E.On to buy rival Ovo to create UK energy supply giant

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Energy firm E.On agrees to buy rival Ovo to create one of Britain’s largest suppliers

E.On has agreed to buy rival Ovo to create one of Britain’s largest suppliers, the companies have said, with the German Energy firm set to take on around four million customers from the acquisition

India has no plans to raise gold, silver import duties: Report

India has no plans to raise gold silver import duties Report

No plan to hike gold and silver import duties, US-India trade talks expected soon

Government sources indicate no immediate plans to hike gold and silver import duties, despite calls to curb non-essential gold purchases. Meanwhile, India anticipates US trade talks addressing pending issues, including a Section 301 probe, though a comprehensive deal remains distant. India has contested US allegations of structural overcapacity, urging the termination of the investigation.

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UK Gilts Under Pressure

UK gilt yields are rising as domestic political uncertainty surrounding Prime Minister Keir Starmer's leadership compound international inflation worries over the impasse between Iran and the US. (Source: Bloomberg)

Reliance Is Said to Plan Offering All New Shares in Jio IPO

Reliance Industries Ltd. is gearing up to offer only new shares in the initial public offering of Jio Platforms Ltd., without selldowns by existing holders, according to people familiar with the matter, marking a U-turn in the preparation for what is slated to be India’s largest ever listing.

State pensioners to receive automatic £200 payments as DWP confirms eligibility rules

State pensioners under the age of 80 in England and Wales are set to receive automatic £200 Winter Fuel Payments later this year after the Department for Work and Pensions (DWP) confirmed the eligibility rules for 2026.The payments will be issued during November and December 2026 to help older households cover heating costs during the colder months.With the 2026-27 tax year now underway, the DWP has outlined who qualifies for this year’s support and how much pensioners can expect to receive.Most...

Budget-conscious shoppers are feeding a boom in discount groceries

Many facing economic pressures and frustrations have begun shopping at budget grocery stores and warehouse clubs in lieu of traditional supermarkets, with priorities shifting in pursuit of good deals.(Image credit: Rachel Wisniewski for NPR)

First-time buyers ‘facing significant pressure’ in mortgage market squeeze

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