Page 28 - Economy

India issues tender to buy 2.5 mn tonnes of urea as Iran war hits supply

India regularly imports urea through global tenders to meet local demand

Services PMI hits 14-month low to 57.5 in March as cost pressures intensify

The Services PMI fell to 57.5 in March from 58.1 in February, marking the weakest expansion in 14 months, though it remained above the long-run average of 54.4

RBI may maintain status quo on repo rate, stance: Business Standard Poll

FY27 growth projection seen 6.5-7%; Inflation 4-4.9%

West Asia conflict: Fear arrives early in fields of Haryana and Punjab

In third part of series on West Asia impact, wholesalers warn of thin stocks as hoarding fears drive early fertiliser buying

West Asia conflict: Predictable expenses likely to boost EV demand

CSEP study says high crude prices may accelerate EV transition, but electric cars will continue to rely on fiscal incentives to remain competitive with ICE vehicles till 2030

Moody's cuts India's FY27 GDP growth forecast to 6% amid West Asia war

Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs

West Asia conflict: Another Indian LPG vessel crosses Strait of Hormuz

7 Indian-flagged ships have crossed the strait so far; number of stranded vessels down to 17 from 28 at start of war

US pharma tariffs: CDMOs with innovator exposure likely to take a hit

Branded, patented pharma companies that have not agreed to lower drug prices via MFN agreements will face 100 per cent tariffs

India extends duty-free yellow peas import window until March 2027

All other terms and ​conditions ‌governing such imports would remain ​unchanged, the government said

Govt says India has bought Iranian oil, rejects reports of payment issues

Amid vessel-diversion rumours, the petroleum ministry also said that Indian refiners have secured crude and LPG imports, including from Iran

Costly LNG terminals in India hit by low utilisation amid supply shock

Newer LNG terminals face viability risks as West Asia conflict cuts supplies, raises prices and weakens demand, even as India expands import capacity and dependence on overseas gas

Seventh Indian LPG tanker Green Sanvi crosses Hormuz amid West Asia crisis

India-flagged vessel crosses Hormuz as limited traffic resumes in the Gulf waters under Iran's watch, with several Indian ships still awaiting clearance

West Asia war: Plastic factories face uncertainty as machines fall silent

The second of a six-part series analyses the impact of the West Asia crisis on the plastic industry, based on a ground report from Balasore, Odisha

India likely to stay insulated from Trump's tariff shock on patented drugs

US tariffs on patented drugs may have limited immediate impact on India, but industry flags uncertainty as policy ties relief to pricing and manufacturing shifts

OMCs raise red flag over viability of flex fuels, pricing structure

OMCs flag pricing, demand and vehicle gaps as key hurdles to flex fuel rollout, questioning viability without clear incentives and ecosystem readiness

Rising yields, inflation to keep FY27 corporate bond issuances subdued

Corporate bond issuances likely to remain subdued in FY27 as elevated yields, inflation risks and liquidity conditions weigh on fundraising activity and investor appetite

India's forex reserves plunge $30.5 bn in March amid RBI intervention

Only $22 bn added to total reserves as foreign currency assets fell by $14 bn in FY26

India's forex reserves drop $10.28 bn to $688.05 bn in week ended March 27

In the previous reporting week, the overall reserves had dropped $11.413 billion to $698.346 billion

Ship carrying Iranian oil shifts course from India to China mid-voyage

Ping Shun, first such shipment from Iran to India in seven years, now signals China's Dongying as destination, according to data from Kpler

Exports sustain momentum, to record positive growth in 2025-26: Official

Country's merchandise exports dropped marginally by 0.81 per cent year-on-year to $36.61 billion in February, and the trade deficit narrowed to $27.1 billion compared to the previous month