Economy

Upstream oil PSUs may see greater focus on exploration in evaluations

The oil ministry is considering increasing the weightage of exploration activities in the performance assessment of upstream oil PSUs to boost domestic hydrocarbon discoveries

Locals stand firm against road to Karnataka's AI city over land concerns

Karnataka's ₹18,000-crore AI city near Bengaluru faces growing resistance as farmers oppose land acquisition, citing threats to livelihoods, agriculture and green cover

India to host BRICS energy ministers' meeting in Gurugram on June 25-26

India will host the 11th BRICS Energy Ministers' Meeting under its 2026 Chairship, focusing on energy security, sustainability, innovation and universal access to energy

Tamil Nadu and Kerala debt reports raise questions beyond headline figures

New governments in Tamil Nadu and Kerala have released white papers on state finances, but economists say debt figures alone do not capture the full fiscal picture

Smarphone exports to US, led by Apple, surge 47% in first month of FY27

India's smartphone exports to the US surged 47% in April, led by Apple, underscoring the company's continued push to expand iPhone manufacturing in the country

India remains ADB's largest pvt sector market; eyes ₹1 bn in direct support

ADB plans to sustain its $1-billion private sector funding in India this year, with clean energy and supply-chain finance in focus

India, US to hold two-day ministerial-level trade pact talks this week

Piyush Goyal and USTR Jamieson Greer will meet this week as India pushes for a tariff edge in the first phase of the bilateral trade pact

'Indian exporters must upgrade product standards to benefit from UK FTA'

Experts said that the govt should conduct an outreach programme in different parts of India to inform the domestic industry about the Comprehensive Economic and Trade Agreement between 2 nations

'Centre prioritising energy security by shifting towards coal gasification'

Union Minister for Coal and Mines G Kishan Reddy said that more than 35 companies will be starting coal gasification activities in India within two months

India-EU FTA to be signed by Dec, implemented from Feb-Mar next year: Goyal

Under the India-EU FTA, about 93 per cent of Indian shipments will enjoy duty-free access to the 27-nation bloc, while imports of luxury cars and wines from the EU will become less expensive

Exports rise 15% during Apr-Jun 14 despite global uncertainties: Goyal

Goyal said that despite 50 per cent tariffs imposed by the US, India's exports in 2025-26 recorded healthy growth

India seeks US tariff edge over rival nations before enacting trade pact

The issue currently pending is that our duties need to be lower compared to those of competing nations, said Piyush Goyal

India boosts Russian, UAE oil purchases in June ahead of Hormuz reopening

India imported an average of 2.66 million barrels per day of crude oil from Russia in June, through June 19, compared to 1.91 million bpd in May

A stock trader's guide to navigating risks of rare 'Super El Niño'

A high probability of a "Super El Niño" heading into 2027 may drive up temperatures in some parts of the world, sending power demand surging, hurting crop yields and reigniting inflationary pressures

El Nino is a global crisis, keeping close watch on situation: Piyush Goyal

Goyal said the government is prepared and focused on safeguarding farmers' interests. "If a water crisis arises, all necessary steps to tackle it will be taken," he assured

India must invest in deep tech, not rely on global trends: Neelkanth Mishra

He was speaking at the 15th convocation ceremony of the Indian Institute of Technology Gandhinagar (IITGN)

Crude oil import bill surged 81.5% in May on elevated energy prices

India's crude oil import bill rose sharply in May as higher global energy prices outweighed stable import volumes amid supply disruptions linked to the West Asia crisis

Minutes of June MPC meet: Members wary of generalisation of inflation

RBI Monetary Policy Committee members highlighted risks of inflation becoming broad-based and stressed uncertainty around growth and prices due to the West Asia conflict

Over 7 million employed under Viksit Bharat Rozgar Yojana: PM Modi

Prime Minister Narendra Modi said the employment-linked incentive scheme has generated nearly 7 million jobs and expanded social security coverage for first-time workers

Crisil SME tracker: Road MSMEs under EPC may retain their margins in FY27

Increased allocations for highways and rural roads are expected to drive demand for MSMEs engaged in EPC projects