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.
Two Shipping Corporation of India (SCI) tankers, Pushpak and Piramal, managed to safely cross the Strait of Hormuz on Thursday despite Iranian attacks on ships carrying oil tankers crossing the crucial zone. The situation on Persian Gulf-Hormuz-Gulf of Oman sea lane is currently dangerous amid Iran's looming threat in the region. Three other tankers were attacked by Iranian projectiles and sustained damage. Iran allowed the Indian flagged ships after successful talks at the ministerial level.
NEW DELHI: A foreign vessel carrying Iranian oil is likely to reach India on April 4, marking the first such shipment since May 2019, when India stopped imports from the country in the wake of US sanctions.MarineTraffic data showed that the Eswatini-flagged tanker, Ping Shun, was heading to the Vadinar facility of Deendayal Port at Kandla. A govt official said the port had not received any intimation about its arrival till late on Tuesday.According to Sumit Ritolia, lead analyst at global analytics firm Kpler, Ping Shun is en route to Vadinar with nearly 6 lakh barrels of crude.Officials said ...Read More >
A third vessel, Jag Vikram, is still in the west of the Strait of Hormuz, the data showed. The U.S.-Israeli war against Iran has all but halted shipping through the strait, but Iran says "non-hostile vessels" may transit the waterway if they coordinate with Iranian authorities. Green Asha and Green Sanvi have crossed the Gulf area and are in the eastern Strait of Hormuz, the data showed, taking the total number of Indian-flagged LPG carriers that have traversed the Strait to eight. India is gr ...Read More >
NEW DELHI, March 31 : Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08 per cent, to $111.56 per barrel at 0210 GMT after rising 2 per cent earlier in the session. The May contract expires on Tuesday and the more active June contract was at $105.76. U.S. West Texas Intermediate futures for May fell 98 cents, or 0.95 per cent, to $101.90 a barrel after hitting their highest poin ...Read More >
MUMBAI: Disruptions in the Strait of Hormuz have had a severe economic impact and are causing energy instability in the region, said admiral D K Tripathi, chief of naval staff, in Mumbai on Thursday. The strait, an international waterway between Iran and Oman, controls a large volume of global oil flow and is in focus due to the war in West Asia, which is well into its fifth week. Tripathi and Union minister of state for defence, Sanjay Seth, were in Mumbai to flag off the second edition of the Indian Ocean Ship Sagar initiative, where the INS Sunayna, an offshore patrol vessel, set sail fro ...Read More >
New Delhi: Amid the escalating West Asia conflict, another India-flagged liquefied petroleum gas (LPG) tanker Green Sanvi has safely sailed eastbound through the Strait of Hormuz, emerging as the seventh Indian vessel to traverse this vital maritime passage, according to ship tracking data. The tanker utilised a specified corridor within Iran's territorial waters to navigate the strategically sensitive waterway, as reported by Madhyamam. The tanker is loaded with approximately 44,000 tonnes of LPG -- roughly half a day's pre-conflict consumption in India, as per industry experts. Two additio ...Read More >
New Delhi: Two more Indian-flagged LPG tankers have safely crossed the war-hit Strait of Hormuz and are headed for Indian ports even as 16 other vessels remain stranded in the Persian Gulf, officials said Monday. LPG vessel Green Sanvi carrying 46,650 tonnes of LPG is scheduled to reach Indian port on April 7 while Green Asha with 15,500 tonnes of cargo is scheduled to touch Indian coast on April 9, said Mukesh Mangal, Additional Secretary in Ministry of Ports, Shipping & Waterways at a news briefing. "Indian maritime operations remain safe and uninterrupted amid West Asia crisis. 16 Indian- ...Read More >
NEW DELHI: India is set to receive its first oil from Iran in seven years after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday. State-run Indian Oil Corp purchased the cargo, currently on the Curacao-flagged very large crude carrier Jaya, which is heading to India's east coast and is set to arrive later this week, the data showed. Indian Oil, the country's top refiner, did not immediately respond to a Reuters email seeking comment. The Jaya initially went to Southeast Asian wate ...Read More >
Mumbai: The ministry of petroleum and natural gas on Wednesday identified 18 vessels trapped in war-torn Persian Gulf for speedy evacuation. According to the report submitted by directorate of shipping in Mumbai, five of these 18 vessels are Indian-flagged. These 18 vessels include four LPG carriers, three LNG carriers and 11 crude oil tankers. As per the report the ministry of ports, shipping & waterways (MoPSW), directorate of naval operations (DNO), the ministry of petroleum and natural gas (MoPNG), Information Fusion Centre - Indian Ocean Region (IFC-IOR) are working in tandem to evacuate ...Read More >
BENGALURU, March 31 : Oil prices rose for a fourth day on Tuesday, with Brent crude poised for its largest monthly gain on record and U.S. crude futures set for their strongest monthly increase since 2020, because of supply constraints from the widening Middle East war. Brent crude futures for May rose $2.26, or 2 per cent, to $115.04 a barrel at 0002 GMT, after reaching their highest since March 19 during the prior session. The May contract expires on Tuesday and the more active June contract was at $108.96. U.S. West Texas Intermediate futures for May climbed $3.10, or 3 per cent, to $105. ...Read More >
New Delhi [India], April 1 (ANI): Foreign affairs expert Robinder Sachdev has weighed in on the recent US airstrike at Mashhad Airport that struck a Mahan Air aircraft, suggesting the incident was likely a case of "collateral damage" rather than a targeted strike on a humanitarian mission. While speaking to ANI, Sachdev addressed the complexities of striking infrastructure during active hostilities, noting that while airports are strategic, the distinction between military and civilian sites is critical. "In situations of war, I do think that airports are normally logical targets, but typica ...Read More >
Defence Minister Rajnath Singh on Thursday said Indian Navy vessels are ensuring the safe passage of the country's oil tankers through the troubled waters of the Strait of Hormuz. He added that the government is keeping a close watch on developments in the region. Singh was speaking at a Sainik Samman Sammelan in poll-bound Kerala. He further said India is not facing any shortage of fuel or gas and is well equipped to handle any potential energy disruptions arising from the ongoing war in West ...Read More >
NEW DELHI: A day before Zionist entity and the United States attacked Iran on February 28, the Indian flagged LPG tanker Pine Gas loaded cargo at the United Arab Emirates' Ruwais port, hoping to reach home within a week. However, it would be nearly three weeks before the vessel safely transited the Strait of Hormuz, after Iran began selectively allowing ships through the narrow waterway. Pine Gas Chief Officer Sohan Lal said the ship's 27 Indian crew had seen missiles and drones flying overhead every day as they waited. In a video seen by Reuters, at least five projectiles can be seen streaki ...Read More >
A tanker with Iranian crude oil has been flashing India's west coast as its destination, according to maritime tracking sites, in what could be the first such import in nearly seven years. The Eswatini-flagged Ping Shun's transponders and AIS (automatic identity system) have signalled it is headed for the Vadinar offshore terminal and is expected to reach the facility by April 4, according to the Kpler-owned MarineTraffic and Winward, both providers of global commodity and ship data. At an inte ...Read More >
At least eight Indian ships have so far exited the Strait of Hormuz amid Iran war New Delhi: Iran has said that its "Indian friends" don't need "to worry" about the Strait of Hormuz, a key shipping route that has been disrupted since Israel and the United States attacked Tehran on February 28. "Our Indian friends are in safe hands, no worries," the Embassy of Iran in India said in a post on X on Thursday. Iran controls the Strait of Hormuz, a shipping route through which 20 per cent of the wo ...Read More >
New Delhi, April 4 (SocialNews.XYZ) Amid rising global supply concerns due to disruptions in the Strait of Hormuz, India has emerged as one of the countries maintaining steady maritime movement through the crucial route. Despite tensions triggered by the ongoing conflict involving the United States, Israel, and Iran, several Indian vessels have successfully navigated the narrow passage, which is vital for global oil and gas trade. Since February 28, at least eight Indian-linked ships have crossed the Strait safely, carrying essential energy supplies, according to NDTV Profit report. These i ...Read More >
A bench of Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad said the remains shall be collected by the DDG Shipping in the presence of the family members. "The remains shall then be sent to the FSL in Mumbai for DNA analysis and report. The copy of the report shall be supplied to the family," the court said. Dixit Solanki was killed on March 4 after an explosive-laden drone boat struck oil tanker MT MKD Vyom off the Oman coast on March 1. He was reportedly the first Indian casualty ...Read More >
New Delhi, Apr 8 (PTI) India on Wednesday welcomed the two-week ceasefire between the US and Iran and called for unimpeded freedom of navigation and flow of commerce through the Strait of Hormuz, while hoping that lasting peace will return to West Asia. New Delhi said it continuously advocated that dialogue and diplomacy are essential to bring an early end to the hostilities. The conflict was triggered by US-Israeli strikes against Iran on February 28. India's reaction came hours after Iran and the US agreed on the conditional ceasefire that included the opening of the Strait of Hormuz, the ...Read More >
New Delhi, Apr 2 (PTI) Foreign Secretary Vikram Misri represented India on Thursday at a UK-hosted summit of nearly 30 nations that focused on ensuring safe shipping through the Strait of Hormuz amid Iran's partial blockade of the strategic waterway which has severely disrupted global oil and gas supplies. Misri, joining the deliberations through virtual mode, articulated New Delhi's stance on safety of international shipping lanes in the region. "As far as India is concerned, you very well know that we stand for free and open commercial shipping, and for maritime security in keeping with in ...Read More >
New Delhi: India's cautious response to Bahrain's draft resolution at the United Nations Security Council (UNSC) on reopening the Strait of Hormuz is emerging as a significant diplomatic moment for New Delhi. As the BRICS chair in 2026, India finds itself navigating a delicate path between competing global positions on sovereignty, use of force, and maritime security amid a deepening West Asian conflict. "This particular resolution is under consideration in the UN Security Council," External Affairs Ministry spokesperson Randhir Jaiswal said in response to a question during his weekly media ...Read More >
Mumbai: An India-bound LPG tanker successfully crossed the strategic Strait of Hormuz, marking a major development as global shipping continues to be impacted by the ongoing West Asia war. According to live tracking data from Marine Traffic, the India-flagged tanker Green Sanvi has transited the crucial chokepoint and is now en route to Mumbai. The vessel, owned by Mitsui O.S.K. Lines, is carrying approximately 46,000 metric tonnes of liquefied petroleum gas (LPG). 7th India-Flagged Vessel To Cross Hormuz Strait Amid Escalating Tensions Green Sanvi is the seventh India-flagged merchant vess ...Read More >
* Iran has allowed India-flagged tankers to pass through the Strait of Hormuz after talks. * Two Indian tankers, Pushpak and Parimal, are safely transiting the strategically vital strait. * A Liberian-flagged tanker with an Indian captain cleared the strait and docked in Mumbai. Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Iran has dismissed reports claiming Tehran has allowed India-flagged tankers to pass through the Strait of Hormuz amid a worsening global energy ...Read More >
New Delhi: Amid escalating tensions in the Middle East, at least 10 foreign-flagged ships carrying energy supplies for India remain stranded in the Persian Gulf, while 18 Indian-flagged vessels are anchored near the strategically vital Strait of Hormuz, the government confirmed. The disruption follows intensified hostilities involving Iran, which has majorly restricted access to the narrow shipping corridor, through which nearly a fifth of global crude oil and liquefied natural gas typically passes. Addressing a media briefing, Rajesh Kumar Sinha, Special Secretary in the Ministry of Ports, ...Read More >
NEW DELHI: Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08%, to $111.56 per barrel at 0210 GMT after rising 2% earlier in the session. The May contract expires on Tuesday and the more active June contract was at $105.76. U.S. West Texas Intermediate futures for May fell 98 cents, or 0.95%, to $101.90 a barrel after hitting their highest point since March 9 in early trading. ...Read More >
New Delhi: Nineteen vessels carrying energy supplies for India are currently stranded near the Strait of Hormuz, Rajesh Kumar Sinha, Special Secretary in the Ministry of Ports, Shipping and Waterways, said. Of these, 10 are foreign-flagged vessels transporting cargo meant for India, while nine are Indian-flagged ships loaded with energy supplies. Addressing the media at an inter-ministerial press briefing on West Asia, Sinha said, "There are three vessels carrying LPG. They're all flying foreign flags. Then there are four crude oil tankers, also all under foreign flags. For LNG, there are thr ...Read More >
New Delhi: With the West Asia crisis continuing to drive volatility in the global energy market, Russia has offered to increase supply of crude oil and natural gas to India even as the two sides agreed to further enhance the overall bilateral ties. The energy cooperation figured prominently in meetings Russia's First Deputy Prime Minister Denis Manturov held with National Security Advisor Ajit Doval and External Affairs Minister S Jaishankar on Thursday, people familiar with the matter said. Manturov also held talks with Finance Minister Nirmala Sitharaman and called on Prime Minister Narend ...Read More >
New Delhi: An Indian LPG tanker carrying roughly half a day's cooking gas supply has successfully crossed the war-hit Strait of Hormuz, while another vessel from Iran has reached the port of Mangalore, signalling continued fuel inflows despite regional disruptions. "LPG vessel Green Sanvi has safely transited the Strait of Hormuz, carrying 46,650 tonnes of LPG cargo with 25 seafarers on board," a government statement giving an update on West Asia developments said Saturday. Also Read: West Asia war: 'Jag Vasant' carrying 47,000 tonnes of LPG reaches Gujarat's Vadinar port Green Sanvi is the ...Read More >
Jaishankar speaks with Iranian, Qatari and UAE leaders on West Asia conflict, notes sixth call with Irans Araghchi since war began External Affairs Minister Dr S Jaishankar on Sunday shared that he received a call from Iranian Foreign Minister Abbas Araghchi to discuss the ongoing conflict in West Asia. In a series of posts on X, Jaishankar said that he also spoke with Qatari Prime Minister, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani and Foreign Minister of the United Arab Emirates, She ...Read More >
New Delhi: Amid Iran's blockade and disruption in the Strait of Hormuz, triggered by the war with the US and Israel, Iran reassured India that its interests remain protected. As tensions escalated sharply in the Gulf region, the Iranian Embassy issued a calming message for "Indian friends." "Our Indian friends are in safe hands, no worries," the Embassy of Iran in India wrote on X on Thursday. A similar message was shared by the Iranian Embassy in Saudi Arabia, asserting that "ONLY Iran and Oman will decide the future of the Strait of Hormuz.. You are in safe hands, no worries." Besides Ind ...Read More >
New Delhi: Foreign Secretary Vikram Misri Thursday called for a return to diplomacy to resolve the crisis in West Asia as he represented India at a UK-hosted meeting of over 60 nations that focused on securing global shipping routes through the volatile Strait of Hormuz. Misri, joining the deliberations through virtual mode, articulated New Delhi's stance on the safety of international shipping lanes in the region amid Iran's partial blockade of the strategic waterway, which has severely disrupted global oil and gas supplies. In his remarks at the meeting, the foreign secretary noted the imp ...Read More >
New Delhi, Apr 3 (PTI) With the West Asia crisis continuing to drive volatility in the global energy market, Russia has offered to increase supply of crude oil and natural gas to India even as the two sides agreed to further enhance the overall bilateral ties. The energy cooperation figured prominently in meetings Russia's First Deputy Prime Minister Denis Manturov held with National Security Advisor Ajit Doval and External Affairs Minister S Jaishankar on Thursday, people familiar with the matter said. Manturov also held talks with Finance Minister Nirmala Sitharaman and called on Prime Min ...Read More >