Page 5 - Economy

West Asia crisis: Russian oil waiver extension a huge relief, say experts

he US has extended sanctions waiver on Russian oil purchases till June 17, easing pressure on Indian refiners reliant on discounted crude imports

Tighter DSM rules for grid stability raise concerns over RE viability

India's tighter DSM rules aim to improve grid discipline amid rising renewable energy penetration, but industry experts say wider reforms are needed to balance stability and project viability

As India's thirst for edible oil grows, curbing imports seems unworkable

India's edible oil demand continues to rise on the back of population growth and improving incomes, making import dependence difficult to curb unless domestic oilseed production rises sharply

India to host Africa summit after 11 years amid strategic outreach

New Delhi seeks to deepen trade, investment, energy, and strategic ties with African nations as it hosts the fourth India Africa Forum Summit after an 11-year gap

India is trying to secure fertiliser supplies from 28 countries: Chouhan

Shivraj Singh Chouhan said India is engaging with 28 countries for fertiliser supplies while urging farmers to adopt organic and climate-resilient farming practices

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

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