India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
A fake approval letter claiming to offer an LPG dealership from HPCL is misleading the public and should be disregarded as a scam. Recently, a fake approval letter has been circulating online, purportedly from Hindustan Petroleum Corporation Limited (HPCL), claiming to offer individuals an LPG agency dealership. This letter has raised concerns as it misleads recipients into believing they have received official approval for a dealership, potentially leading to financial scams. The claim made in the story is that a fake approval letter is being distributed online, falsely presenting itself as an official communication from HPCL offering an LPG agency dealership. This claim is false. The real fact is that the approval letter in question is indeed fake and not issued by HPCL. The Public Information Bureau (PIB) has confirmed this through their fact-checking channels. The top three sources attributing to this fact include: This fact check falls under the category of False Content: information that is wholly false, misleading, or deceptive.
New Delhi, Mar 11 (PTI) State-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) absorbing the impact of elevated global energy prices will lead to heightened margin and cash-flow volatility, Moody's Ratings said on Wednesday. "Domestic retail prices of fuels have remained largely steady since April 2022, despite swings in global oil and gas prices and the country's high dependence on imports," Moody's said in a note. "The companies will bear rising input costs from higher energy prices without correspondi ...Read More >
Vijayawada: NTR district joint collector S Ilakkiya clarified that there is no shortage of LPG in the district and appealed to the public not to panic. She informed that a special officer has been appointed for each gas agency to ensure effective monitoring of supply and demand. She spoke at a media conference held at the collectorate here on Tuesday. She said the district currently has 8,63,778 LPG connections under three major oil companies. She said a total of 56 gas agencies are operating in the district, including 18 HPCL, 12 BPCL, and 26 IOCL agencies. She pointed out that on March 30 a ...Read More >
New Delhi : Sikkim CM Shri Prem Singh Tamang chaired a high-level review meeting at Samman Bhawan to assess the stock position and distribution of essential commodities across Sikkim, with a focus on ensuring their seamless and uninterrupted availability throughout the State. At the outset, the Secretary of the Food & Civil Supplies Department presented a comprehensive overview of the current LPG stock and the prevailing supply-demand dynamics, while also highlighting the importance of mindful, judicious, and sustainable use of resources. The Chief Minister also interacted with District Colle ...Read More >
Raichur (Karnataka) [India], April 4 (ANI): Thousands of autorickshaw drivers in Raichur and surrounding districts have been forced into gruelling, hours-long wait times at refuelling stations this week as rumours of a severe LPG shortage sweep through Northern Karnataka. The panic, largely fueled by the closure of several private outlets and global supply chain disruptions linked to the ongoing West Asia crisis, has seen "serpentine" queues stretching past city landmarks. While the state government and major Public Sector Undertakings (PSUs) like IndianOil have assured the public of adequat ...Read More >
MUMBAI: An Indian-flagged liquefied petroleum gas tanker has safely transited the Strait of Hormuz. The Indian government confirmed the passage on Saturday. Iran has effectively halted maritime traffic in this critical global oil and gas chokepoint since US and Israeli strikes began. New Delhi has secured passage for several Indian-flagged vessels over the past three weeks. The shipping ministry stated that the LPG carrier Green Sanvi passed through the strait. It was carrying 46,650 metric tonnes of LPG with 25 seafarers on board. Seventeen Indian-flagged vessels with 460 crew members rem ...Read More >
The oil marketing companies (OMCs) on March 26 fixed rates for petroleum products that are at a discount of up to ₹60 per litre to their imported cost. In a first since fuel price deregulation, Indian state-run oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses from a self-imposed freeze on retail fuel prices, sources said. The oil marketing companies (OMCs) on March 26 fixed rates for petroleum ...Read More >
NEW DELHI: The Delhi government on Sunday imposed a strict ban on the sale of LPG cylinders directly from godowns, warning of stringent action against any violations. In an official statement, Chief Minister Rekha Gupta said LPG supply is being closely monitored to prevent any shortage and ensure adherence to norms."Residents have been advised not to visit gas agencies or storage points or gather in crowds, as booked cylinders are being delivered to homes within the stipulated time," Gupta said in a statement, according to news agency PTI. According to the statement, Oil Marketing Companies (O ...Read More >
Indian businesses say they are struggling to keep operations running as gas supplies are disrupted by the US and Israel's war on Iran. Restaurant owners are scrambling to keep kitchens running and entrepreneurs in industries like ceramics and fertilisers say they are unable to maintain their production and are warning of shutdowns. India has said it is not short of gas but has invoked emergency measures to ensure supplies get to domestic consumers and other key users. The country meets half of ...Read More >
The shockwaves of a war being fought nearly 3,000km away are now reaching India's kitchens. As the US-Israeli strikes on Iran disrupt energy shipments through the Strait of Hormuz, supplies of liquefied petroleum gas (LPG) are tightening across India, forcing restaurants to cut menus, shorten hours and in some cases shut down altogether. Social media is awash with video clips showing queues outside cooking-gas dealers across Indian cities and towns as worries over fuel supplies spread. Commerci ...Read More >
Hyderabad: Ten individuals were arrested on Monday, March 30, for allegedly storing and selling 414 LPG cylinders worth Rs 21.88 lakh in Hyderabad's Banjara Hills. The seized items included 148 full 19-kg cylinders, 30 full 47-kg cylinders, 35 full 5-kg cylinders, as well as 192 empty 19-kg cylinders, and nine empty 5-kg cylinders. According to the police, the ten accused - Mohd Aamir, Mohd Yousuf, Mohd Ismail, A Rama Rao, Lok Kumar, Mohd Sakruddin, Mohd Muntaz Ansari, Mohd Minaj Ansari, Rajesh Pal, and Ram Raj Singh - sold Hindustan Petroleum (HP) cylinders at a higher price. Mohd Aamir fr ...Read More >
Telangana Civil Supplies Minister N. Uttam Kumar Reddy wrote a letter to Union Minister for Petroleum and Natural Gas, N. Hardeep Singh Puri, with three requests to address the issues with shortage of Liquefied Natural Gas (LPG) shortage in Telangana. The issues, specifically faced by autos depended on LPG, is affecting livelihoods of the drivers and their families, and public transport too. 80% LPGs to autos supplied by private outlets Citing available data, Mr. Reddy said in the letter dated on Wednesday (March 30, 2026) that there are around one lakh autos in the State dependent on LPG. T ...Read More >
Mumbai, Apr 1 (PTI) The Maharashtra government on Wednesday revised both the commission and transport rates for kerosene distribution under the Public Distribution System (PDS), citing the LPG shortage and the need to streamline supply. Kerosene distribution in the state was limited in recent years due to widespread availability of LPG and court directives restricting the supply to households already using LPG cylinders, said Government Resolutions (GRs) issued by the Food, Civil Supplies and Consumer Protection Department, But in view of the current LPG shortage (due to the war in West Asia) ...Read More >
New Delhi: Delhi Police have arrested a 61-year-old man and busted an illegal LPG refilling racket in southwest Delhi's Dabri area, seizing 17 cylinders, officials said on Wednesday. Acting on a tip-off, a team of the crime branch on Tuesday conducted a raid in the Seetapuri locality, where the accused, Mohan Lal Garg, was found running an unauthorised LPG refilling operation from his shop, they said. During the raid, police recovered 17 domestic LPG cylinders of different companies, including Indane, Bharat Petroleum and Hindustan Petroleum, a senior police officer said. According to the po ...Read More >
Hyderabad: Delays in domestic LPG cylinder delivery have been reported across the city, even as the civil supplies department maintained that there is no shortage of supply amid concerns linked to the West Asian crisis. According to data from the Telangana civil supplies department on April 1, a total of 2,49,099 domestic LPG cylinders were supplied. Of these, Indian Oil Corporation (IOCL) accounted for 1,06,722 cylinders, Hindustan Petroleum Corporation Limited (HPCL) for 90,633, and Bharat Petroleum Corporation Limited (BPCL) for 51,743. The department reiterated that there is no shortage o ...Read More >
Bengaluru (Karnataka) [India], April 4 (ANI): Congress President Mallikarjun Kharge on Saturday said the country is facing a gas shortage, with people stuck in long queues. He blamed the government's foreign policy for the crisis, noting that attention has not been paid to the issue. The shortage comes amid the West Asia conflict triggered by US-Israel strikes on Iran on February 28 and subsequent Iranian retaliation. Speaking to ANI in Bengaluru, Kharge said, "There is a gas problem in the country. People are stuck in queues. It has become a big problem for everyone. The government should ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
New Delhi, April 1: PSU oil marketing major Indian Oil Corporation (IOC) has increased the prices of its premium fuels in the national capital. XP100 petrol is now priced at Rs 160 per litre, up from Rs 149 earlier. The high-octane fuel is primarily used in luxury vehicles and high-performance motorcycles to enhance engine efficiency. Similarly, the company has raised the price of Xtra Green diesel (premium diesel), which now costs Rs 92.99 per litre in Delhi, compared to Rs 91.49 previously. However, there has been no change in regular petrol and diesel prices, which remained stable across m ...Read More >
New Delhi, Apr 1 (PTI) ATF or jet fuel prices more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, but state-owned oil companies passed on only a fraction of the increase to domestic airlines, adopting a calibrated approach to dealing with the war-linked surge in global oil prices. Aviation turbine fuel (ATF) price was increased by 8.5 per to Rs 104,927.18 per kl for domestic airlines, according to state-owned oil firms. ATF price for domestic airlines in Delhi was hiked by Rs 8,289.04 per kilolitre, or 8.56 per cent, to Rs 104,927.18 per kl, according to state-owned oil fi ...Read More >
NEW DELHI: The Delhi Police has arrested a 61-year-old man and busted an illegal LPG refilling racket in southwest Delhi's Dabri area, seizing 17 cylinders, officials said on Wednesday. Acting on a tip-off, a team of the crime branch on Tuesday conducted a raid in the Seetapuri locality, where the accused, Mohan Lal Garg, was found running an unauthorised LPG refilling operation from his shop, they said. During the raid, police recovered 17 domestic LPG cylinders of different companies, including Indane, Bharat Petroleum and Hindustan Petroleum, a senior police officer said. According to the ...Read More >
Ara: To reduce dependence on LPG cylinders and ensure uninterrupted gas supply, Bhojpur district magistrate Tanai Sultania has directed PNG suppliers and concerned officials to accelerate the expansion of Piped Natural Gas (PNG) connections across the district.At a review meeting, the DM stressed the need to widen PNG coverage to stabilise gas availability, especially during peak demand. At present, the district has about 10,000 active PNG consumers, while nearly 15,000 households have completed registration and payment but are awaiting activation.The DM ordered fast activation of pending conn ...Read More >
New Delhi, Apr 1 (PTI) Prices of commercial LPG were hiked by Rs 195.50 on Wednesday, on back of surge in global oil prices linked to the widening West Asia conflict. A 19-kg commercial LPG now costs Rs 2,078.50 in Delhi, according to state-owned oil companies. Rates were last increased by Rs 114.5 per 19-kg cylinder on March 1. Domestic cooking gas LPG rates, which were last hiked by Rs 60 per 14.2-kg cylinder on March 7, remain unchanged. It costs Rs 913 per 14.2-kg cylinder in Delhi. State-owned Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum revise ATF and LPG prices ...Read More >
New Delhi [India], April 1 (ANI): India should definitely look for a geographical diversification for gas to mitigate the risks posed by ongoing geopolitical tensions in the Middle East, according to Sandeep Jain, Former Executive Director (Gas) at Indian Oil Corporation Ltd. (IOCL). Speaking to ANI, Jain emphasized that India needs to consider all options, including "Russian-sanctioned LNG" that is currently available. He argued that the high cost of current imports could lead to "demand destruction" and "economic depression." Also Read | Gold Rate Today, April 01, 2026: Check 22K and 24K G ...Read More >
MUMBAI, India, April 4, 2026 (BSS/AFP) - An Indian-flagged tanker carrying LPG has safely passed through the Strait of Hormuz, India's government said on Saturday. Following US-Israel military strikes, Iran has effectively halted maritime traffic in the key waterway which is a critical route for global crude oil and gas. But New Delhi, which is the world's second-largest buyer of liquefied petroleum gas, has managed to secure passage for several Indian-flagged vessels over the last three weeks. On Saturday, the shipping ministry confirmed that LPG carrier Green Sanvi had transited th ...Read More >
New Delhi, Apr 1: Price of aviation turbine fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday while commercial LPG rates were raised by Rs 195.50 per cylinder, mirroring the surge in global oil prices linked to the widening West Asia conflict. ATF price in Delhi was hiked by Rs 110,703.08 per kilolitre, or 114.5%, to Rs 207,341.22 per kl, according to state-owned fuel retailers. This is the first time ever that ATF prices have crossed Rs 2 lakh per kl-mark. The previous peak was in 2022 when rates were hiked to Rs 1.1 lakh per kl after oil pri ...Read More >
New Delhi, April 3 (SocialNews.XYZ) State-owned Hindustan Petroleum Corporation Limited (HPCL) on Friday said it has suspended 10 liquefied petroleum gas (LPG) distributors for alleged malpractices, reiterating its zero-tolerance policy against irregularities in its distribution network. Taking to the social media platform X, the company informed that it initiated strict action by suspending 10 LPG distributors found involved in malpractice. "With a zero-tolerance approach, we are ensuring accountability and taking timely disciplinary action wherever required," the company said in a statemen ...Read More >
NEW DELHI: The Delhi government has imposed a complete ban on the sale of cylinders directly from godowns to make the LPG distribution system more transparent and efficient. Oil Marketing Companies (OMCs) have issued instructions to all distributors, stating that any such sale is illegal and will attract action. At the same time, the government has significantly expanded the availability of 5-kg cylinders. They can be purchased easily from gas agencies by showing a valid ID, with no requirement for address verification. To further assist migrant workers, 11 dedicated help desks have been set ...Read More >
New Delhi: Oil companies on Tuesday slashed the price of commercial LPG cylinders by ₹58.5 with effect from July 1. A 19-kg commercial cylinder now costs ₹1,672 in Kochi and ₹1,693 in Thiruvananthapuram. This marks the fourth consecutive reduction in commercial LPG prices. Rates were earlier cut by ₹24 on June 1, ₹14.50 on May 1, and ₹41 on April 1--amounting to a total reduction of ₹138 since April. However, in a contrasting move, the price of aviation turbine fuel (ATF) was hiked sharply by ₹6,271.5 per kilolitre, or 7.5%, bringing the price in Delhi to ₹89,344.05 per kl. This reverses a t ...Read More >
Gangtok (Sikkim) [India], March 31 (ANI): Sikkim Chief Minister Prem Singh Tamang chaired a high-level review meeting at Samman Bhawan on Monday to assess the stock position and distribution of essential commodities across Sikkim, with a focus on ensuring their seamless and uninterrupted availability throughout the state. At the outset, the Secretary of the Food & Civil Supplies Department presented a comprehensive overview of the current LPG stock and the prevailing supply-demand dynamics, while also highlighting the importance of mindful, judicious, and sustainable use of resources. The Chi ...Read More >
New Delhi [India], April 4 (ANI): The Centre continues to take necessary steps to ensure preparedness and smooth functioning across key sectors in view of the West Asia crisis, with 3700 raids conducted across the country to wipe out LPG black marketing, the Ministry of Petroleum and Natural Gas said in a release on Saturday. It said the government is taking proactive steps to ensure the uninterrupted availability of petroleum products and LPG across the country, in the context of the ongoing closure of the Strait of Hormuz. It said that officials of the Public Sector Undertaking Oil Marketi ...Read More >
New Delhi [India], April 4 (ANI): The Centre continues to take necessary steps to ensure preparedness and smooth functioning across key sectors in view of the West Asia crisis, with 3700 raids conducted across the country to wipe out LPG black marketing, the Ministry of Petroleum and Natural Gas said in a release on Saturday. It said the government is taking proactive steps to ensure the uninterrupted availability of petroleum products and LPG across the country, in the context of the ongoing closure of the Strait of Hormuz. Also Read | Bengaluru Weather and Rain Forecast for Royal Challenge ...Read More >