Economy

Odisha CM orders fuel austerity across govt amid supply concerns

Odisha Chief Minister Mohan Charan Majhi has announced fuel-saving measures, including mandatory EV purchases and reduced official fuel use, amid the West Asia crisis

SBI staff threatens to go on two-day nationwide strike from May 25

If the strike materialises, it will affect SBI's banking operations for five days nationwide, as the fourth Saturday and Sunday fall before the strike date

India raises concerns over UK's steel measures in WTO, says official

The measure will apply to imports of steel products that can also be made in the UK

India's peak power demand crosses projected 270 GW amid heatwave

India's peak electricity demand crossed 270 GW amid rising temperatures and severe heatwave conditions, surpassing previous records for the fourth time this month

Manufacturing drags down India's private sector activity in May: Flash PMI

India's pvt sector activity remained firmly in expansion territory in May, though growth in new orders, exports, employment and business activity softened marginally, HSBC's flash PMI survey showed

India's unincorporated sector employment crossed 150 million in Jan-Mar

Employment in India's unincorporated non-agricultural sector reached a record 151.7 million in the March quarter, led by strong rural and services-sector growth

Datanomics: India's rising car exports face fresh Lankan speed bump

After lifting its import ban in 2025, Sri Lanka has seen a sharp rise in vehicle imports, prompting a temporary surcharge to protect forex reserves and ease pressure on the external sector

GST cut, phased rollout needed for flex-fuel push: Auto industry to govt

Automakers have urged the government to cut GST on flex-fuel vehicles and adopt a phased rollout strategy to boost FFV adoption in India

Considering several steps to contain widening CAD, says Piyush Goyal

Goyal said the government has no plans to cut non-essential imports into India as of now

Crude prices could influence growth, inflation: EAC-PM chief S Mahendra Dev

EAC-PM Chairman S Mahendra Dev said higher crude prices and supply disruptions from the West Asia conflict could weigh on India's growth and inflation

West Asia war: Panic buying led to fuel crunch at some pumps, says govt

The government said panic buying and bulk diesel consumers shifting to retail outlets triggered temporary fuel shortages at some petrol pumps

Rupee snaps 9-day losing streak to emerge as best-performing Asian currency

The rupee ended a nine-day losing streak on Thursday, aided by RBI intervention in the NDF market and easing crude oil prices

Rubio says Venezuela's Interim President Delcy Rodriguez to visit India

US Secretary of State Marco Rubio said Venezuela's Interim President Delcy Rodriguez will visit India amid rising Indian purchases of Venezuelan crude oil

India's outbound FDI commitments decline 10.8% to $5.6 billion in April

India's outward foreign direct investment commitments fell 10.8 per cent year-on-year in April, led by lower guarantees and debt commitments

US trade team likely to visit India next month for talks: Piyush Goyal

Goyal added that India needs to work closely with the US in areas such as technology, innovation, high-precision defence, digital data centres, quantum computing equipment, and medical devices

Several measures under consideration to contain widening CAD: Goyal

India's CAD rose to $13.2 billion, or 1.3 per cent of GDP, in the December quarter from $11.3 billion in the year-ago period, mainly due to a wider trade gap

RBI weighs all options including rate hike, forex swaps to stabilise rupee

The next scheduled monetary policy decision is on June 5, although the RBI has previously made an out-of-cycle adjustment in May 2022

Composite Flash PMI eases to 58.1 in May, signals steady expansion

The latest reading pointed to continued expansion across both manufacturing and services, though at a slower pace due to weaker growth in new orders, exports, employment and overall business activity

US seeks to boost energy exports to India as Iran war disrupts supplies

India is struggling with an energy crisis caused by the nearly three-month-long war against Iran that the US and Israel launched in late February

Govt prepares to send oil tankers through Strait of Hormuz for new supply

India wants to continue importing energy from its traditional West Asia oil producers because supplies from alternate sources would take a longer time to reach the country