Economy

Fuel prices to be reviewed based on crude oil supply: Suresh Gopi

Replying to reporters' questions on a possible revision in fuel prices, Gopi said the situation would be assessed based on crude oil supplies

Nitin Gadkari approves 100% ethanol fuel use to reduce fossil fuel imports

According to the minister, ethanol has the potential to emerge as a viable alternative to petrol, helping India reduce its massive fuel import bill

India's Russian oil imports rise in May as refiners boost purchases

Crude oil accounted for about 83 per cent of India's imports from Russia during the month, valued at 4.8 bn euros, while oil products and coal imports stood at 550 mn euros and 429 mn euros

India has adequate crude oil, LPG and gas stocks, says Hardeep Puri

Petroleum minister says fuel prices in India fell 3.1 per cent from May 2022 to May 2026 even as rates rose sharply in several countries

India prepares to send oil tankers via Hormuz for new supply as war eases

State-owned Shipping Corp. of India is ready to go back to the Persian Gulf once it has approval from the Indian Navy and it has business from oil refiners

Datanomics: The collapse and return of Venezuela oil trade with India

Venezuela's return as a top crude supplier highlights how oil alone has shaped India-Venezuela trade, from a $14-billion peak to near-collapse and revival

Shipping Min to nudge for U-turn on SCI divestment amid maritime push

Cabinet nod needed to remerge Shipping Corp with land arm

India's forex reserves decline by $711 million in week ended June 5

India's foreign exchange reserves fell by $711 million to $681.61 billion in the week ended June 5, as a decline in foreign currency assets outweighed gains in gold reserves

Rupee appreciates beyond 95 briefly as dollar positions unwind on oil slide

The rupee appreciated sharply and government bond yields eased as lower crude oil prices and hopes of a US-Iran agreement improved investor sentiment

Retail inflation rises to 3.93% in May as food, transport costs increase

Retail inflation accelerated to 3.93 per cent in May, nearing the RBI's target, as higher food and transport costs offset the favourable base effect

Centre approves ₹531 crore aid for Rajasthan solar power providers

Global demand for Indian professionals is surging, with Australia, the UK, the US and the UAE ramping up hiring as competition for skilled talent intensifies

Govt bars bulk fuel purchases at retail outlets, caps diesel sales

The government has restricted industrial and commercial consumers from buying fuel at retail outlets and capped diesel sales to curb arbitrage and protect retail supplies

India reaffirms role in ILO-led coalition for social justice at Geneva meet

India participated in a Global Coalition for Social Justice meeting in Geneva, reaffirming its engagement with the ILO-led initiative on labour rights and social protection

Banks seek out wealthy Indian diaspora in $50 billion deposit drive

Indian banks are targeting overseas nationals with high-yield dollar deposits to attract over $50 billion and bolster forex reserves amid rupee pressure

India's edible oil imports rise 6.7% in May to 1.3 mn tonnes: Industry body

India's edible oil imports rose 6.7% in May, driven by higher crude soybean oil shipments as narrowing price gaps with palm oil boosted its competitiveness

May retail inflation marginally rises to 3.93%, food inflation at 4.78%

Food inflation rose to 4.78 per cent in May, pushing up overall price pressures; rural inflation accelerated to 4.25 per cent, remaining above urban inflation at 3.53 per cent

Govt offers retrospective tax relief for nuclear power equipment imports

The exemption covers specified goods imported for nuclear power generation under designated customs tariff categories

Govt may allow wider fiscal deficit to 4.8% of GDP amid Iran war: Report

India ships in about 90 per cent of ​its oil and is one of the countries most-exposed to prolonged Iran war-related ‌disruptions to global energy supplies

India's bond index journey: How India secured entry into global benchmarks

After securing entry into JPMorgan, Bloomberg EM and FTSE Russell indexes, India is now pushing for inclusion in Bloomberg's Global Aggregate Index

India sees $3 billion debt rush on yield slump after RBI measures

Indian firms are accelerating bond issuances as RBI measures to support the rupee drive borrowing costs lower and boost demand for corporate debt