India sharply lowered its April-November 2024 gold import estimate by $11.7 billion on Thursday after precious metal trade figures were miscalculated due to some double counting. The government revised its gold import estimate to $37.

The commerce department has revised downward the value of gold imports by over $5 billion to $9.8 billion in November, while also lowering the number for April-November from $49 billion estimated last month to $37.

The stampede occurred during a 10- day festival at Lord Venkateswara Swamy temple in India's southern state of Andhra Pradesh. The state authorities launched an investigation into the incident.At least six people have died and several others were reported injured after a stampede broke out at the entry of a temple in the south Indian state of Andhra

Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp on Thursday.

India’s Oil and Natural Gas Corporation said on Wednesday that energy major BP Plc has won a bid to be the company’s technical service provider for boosting oil and gas production from Mumbai High field off the west coast of India.