Economy

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

India-Finland talks show peace push; foreign secretary meets Iran envoy

India and Finland elevated ties while PM Modi stressed diplomacy over conflict. India separately conveyed condolences on Ayatollah Khamenei's death as tensions in West Asia continued to dominate discu

RBI intervention helps rupee rebound 0.6% after record low, best in a month

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

Iran war may hit output in oil and gas dependent sectors, warns 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

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

Russian oil cargoes swing back to India as West Asia conflict hits supply

Indian refiners, wary of complicating trade talks with Washington, had pared back their purchases of Russian oil in recent weeks, which had forced Moscow to seek buyers in China

February PMI services comes in at 58.1; new order growth at 13-month low

While greater client enquiries and marketing efforts supported sales at some units, a few companies suggested that an increasingly competitive environment dampened growth

MRPL declares force majeure on gasoline exports cargoes amid Gulf crisis

The state-run refiner, which operates a 500,000-barrel-per-day refinery in the southern state of Karnataka, exports about 40 per cent of its refined fuel output

Diversification key to India's solar panel exports after US levy

With the US imposing a 126% tariff, India's solar panel exporters face rising overcapacity and heavy dependence on a single market

India grapples with grid curtailment, biggest test yet on energy transition

Rising renewable energy capacity is straining India's grid, forcing curtailments and raising concerns over stability

Indian households face a looming fuel crunch as West Asia crisis drags on

War in the Persian Gulf threatens LPG supplies to India, raising the risk of cooking gas shortages and inflation if cargoes remain stranded beyond weeks

Qatar shuts LNG output; supplies to India hit, city gas sector flags crisis

Qatar's LNG halt and Strait of Hormuz disruption trigger supply cuts to India, squeezing city gas firms and pushing buyers toward costly spot cargoes

Call on standards within 6 months of trade pact rollout: USTR report

The Report said India will address longstanding non-tariff barriers to trade in US food and agricultural products

Datanomics: India's crude flows via Hormuz at risk amid West Asia crisis

India's dependence on the Strait of Hormuz for crude oil imports has declined, with its share falling from 55 per cent in 2020 to 41 per cent in Q1 2025

Enhancing maturity of accounts of local bodies to get priority: CAG

CAG Sanjay Murthy says improving local body accounts and standardising how states report fiscal transfers is essential as Finance Commission grants expand and accountability demands grow

Hookah served with food in restaurants to be taxed separately: WB AAR

Tobacco-based hookah will attract 40 % GST, while non-tobacco (herbal) hookah will be taxed at 18%

West Asia conflict: Govt forms panel for supply chain resilience

The committee, comprising officials from the FM, MEA, shipping ministry and oil ministry, is expected to ensure coordination among departments and engage with export promotion councils