Economy

Indian refiners move quickly to buy Russian oil after US relaxes curbs

There's around 15 million barrels of Russian crude on tankers in the Arabian Sea and the Bay of Bengal, while vessels carrying another 7 million are idling near Singapore

Adani Gas keeps CNG, PNG prices unchanged; curbs supply for few industries

A company official said about 70 per cent of ATGL's gas volumes are sourced domestically and supplied to CNG users and domestic kitchens (called piped natural gas (PNG)-domestic) customers

India's 2025-26 sugar output estimate cut 4.4% to 28.3 mn tonne: AISTA

Gross sugar production is expected at 31.5 million tonnes, with 3.2 million tonnes likely to be diverted for ethanol production, the All India Sugar Trade Association said

Uttarakhand's GSDP rises to ₹3.82 trn in FY25; FY27 growth pegged 8.2%

Uttarakhand's GSDP rose to ₹3.82 trillion in FY25 from ₹2.54 trillion in FY22, with higher per capita income, lower poverty levels and growth projected at 8.2 per cent for FY27

US issues temporary licence to allow some Russian oil sales to India

Move comes months after President Donald Trump slapped tariffs on Indian goods in a bid to pressure Prime Minister Narendra Modi's government to abandon energy purchases from Russia

West Asia crisis triggers severe LNG, LPG supply shock for Indian firms

LNG tenders fail, tankers stranded, storage at 30%; naphtha back in the mix

Rice exporters seek urgent relief as Iran crisis disrupts exports, shipping

International freight rates have risen by an estimated 15-20 per cent, while war-risk surcharges and insurance premiums for Gulf-bound shipments have increased significantly

Iran war set to hit output in sectors dependent on oil and gas: Crisil

CRISIL cautions that continued West Asia tensions could disrupt LNG and crude supplies, pressuring fertilisers, refineries, chemicals and other energy-intensive sectors in India

Centre reviewing Rodtep scheme to assess and justify its continuation

Reassessment is a part of exercise to rationalise central-sector schemes to enhance efficiency

'Excited' about India trade deal: US dy secy of state Christopher Landau

Says US not to make same mistakes with India as it did with China

India seeks to retain tariff edge over Asian peers in US trade deal

Goyal said India is closely watching the evolving situation following the US SC's verdict, and will continue to engage with Washington for best possible opportunities in the interim trade deal

Maharashtra's economy likely to grow 7.9% in 2025-26: Economic Survey

Maharashtra's economy is projected to grow 7.9% in 2025-26 with per capita income rising to ₹3.47 lakh, driven largely by strong services sector growth

Indian gas firms may cut industrial supply if Qatar halt persists

QatarEnergy has halted production of liquefied natural gas (LNG) amid attacks on its facilities as tensions rise in West Asia

Rupee posts best day in a month; RBI dollar sales boost recovery

After breaching 92 per dollar, the rupee rebounded sharply on RBI's heavy dollar sales, becoming the best-performing Asian currency even as geopolitical risks kept markets cautious

HPCL resumes Russian crude oil purchases after three-month gap: Report

State-run HPCL resumes Russian oil purchases after a three-month gap, booking two discounted cargoes as Moscow's share in India's crude imports shows signs of rising again

No issue can be resolved by military conflict, says PM Narendra Modi

Key pacts signed with Finland; India condoles Khamenei death

Rice exporters seek urgent relief as Iran crisis disrupts exports, shipping

The disruptions have also weighed on domestic prices, with basmati rice prices falling about 7-10 per cent in the past 72 hours, intensifying working-capital pressures for exporters

West Asia crisis may hit trade, LNG supply if disruption persists: Crisil

The rating agency said sectors dependent on imported Liquefied Natural Gas (LNG), such as ceramics and fertilisers, may also face near-term production disruptions

West Asia conflict poses short-term risks to Indian economy: RBI MPC member

In the present scenario, a hike in oil prices, exports disruptions and impact on remittances have been identified as the immediate challenges on the growth front, Nagesh Kumar said

India moves to shield economy as Iran tensions expose oil, currency risks

Reserve Bank of India stepped up surveillance of the currency market, and traders said Wednesday the central bank intervened to curb volatility after the rupee plunged to a record low