Economy

India notifies standards for petrol blends with up to 30% ethanol

The move is part of the government's preparedness for the next phase of its ethanol-blending programme beyond E20, after advancing the deadline for 20% ethanol blending in petrol from 2030 to 2025-26

India's oil trade deficit set to balloon to new high in FY27: Crisil

Crisil expects India's oil trade deficit and current account deficit to widen sharply in FY27 as Brent crude prices rise amid the West Asia crisis

PM Modi in Rome: Why India, Italy need to build a strategic future together

Rome increasingly understands that the future of European competitiveness, economic resilience and strategic diversification will depend upon trusted industrial partnerships beyond the Continent

India's two largest aviation hubs cut ATF tax. How much can airlines gain?

Experts said lower ATF taxes at India's two biggest aviation hubs could improve airline operating economics and margins, though passengers may not see meaningful fare cuts immediately

OMCs raise petrol, diesel price by 90 paise per litre, 2nd hike in a week

Petrol now costs ₹98.64 a litre in the national capital, from earlier ₹97.77 a litre and diesel is priced higher at ₹91.58 per litre

Edible oil imports rise 3% in FY26 on Nepal duty-free surge: Industry body

Refined soybean oil made up the bulk of Nepal's exports to India, with smaller volumes of sunflower oil, RBD Palmolein and rapeseed oil also traded

Petrol, diesel prices raised by 90 paise in second rate hike in a week

In Delhi, petrol now retails at ₹98.64 per litre, up by 87 paise, while diesel is priced at ₹91.58 per litre, higher by 91 paise

Rupee slides to new low of 96.4/$; bond yield surge 7 bps to 7.13%

The rupee weakened to a fresh low and bond yields climbed sharply as rising crude oil prices and higher US Treasury yields rattled financial markets

West Asia crisis: India to buy Russian oil despite US waiver lapse

India will continue purchasing Russian crude oil despite the expiry of the US waiver, while fuel retailers' under-recoveries have narrowed after the recent price hike

Piyush Goyal urges industry to cut dependence on capital goods imports

Goyal urges industry to cut import dependence as rupee hits fresh low and exports push intensifies

India, Sweden aim to double bilateral trade and investment in five years

India and Sweden plan to double bilateral trade and investment in five years, while India and Norway elevated ties into a green strategic partnership

RBI decides against imposing additional capital buffer on banks

The Reserve Bank of India said prevailing systemic risk conditions do not warrant activating the countercyclical capital buffer for banks at this stage

Mospi open to revamping ASUSE to better capture handloom, handicraft sector

Mospi Secretary Saurabh Garg said the ministry is open to refining ASUSE to generate more granular and actionable data for the handloom and handicraft sector

Fisme to Siam: Share rising input cost burden with MSME vendors

FISME has asked SIAM and automobile OEMs to help MSME auto component suppliers absorb rising wage, energy and raw material costs linked to the West Asia crisis

India's copper import bill crosses ₹1 trillion as structural gaps widen

India's copper imports have surged more than 350 per cent in less than a decade amid rising demand, stagnant mining output, and weak refining economics

Fuel price hike cuts OMC losses by 25%; daily loss drops to ₹750 cr

The increase followed daily losses, climbing to an unprecedented ₹1,000 crore per day. The losses in a quarter rose to ₹1 lakh crore - enough to wipe out earnings of an entire year

Current account deficit to widen to 2.3% of GDP in FY27 from 0.9% in FY26

While India is above all the thresholds currently, it would fall below the 10th percentile threshold if the estimates on the BoP play out

India buying Russian oil regardless of US sanctions waivers: Govt official

Sujata Sharma, Joint Secretary in the Petroleum Ministry, said India has been buying Russian oil irrespective of US sanctions waivers

Indian markets can absorb shocks amid West Asia crisis, says Sebi chief

When there is a crisis in one part of the world, it also impacts the rest of the globe, Pandey told reporters here on the sideline of the Regional Investors Seminar for Awareness

Explained: What is Balance of Payments and how does it affect the rupee?

As oil and gold imports raise dollar demand, terms such as BoP, current account deficit and forex reserves are back in focus. Here is why they matter for the rupee