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.
LONDON: India is participating in international talks on the Strait of Hormuz, following an invitation from the United Kingdom, MEA spokesperson Randhir Jaiswal said on Thursday. The discussions aim to ensure safe and unimpeded transit through the strategic waterway. Jaiswal stated that India's foreign secretary is attending the meeting. "We are in touch with Iran and other regional countries to see how best we can ensure safe transit for our ships carrying products including LPG, LNG, and other goods," he added.
BALASORE: In a heart-wrenching incident, a man was forced to carry his 17-year-old daughter's body on a trolley rickshaw for around 7 km to a community health centre in Balasore's Baliapal for postmortem after reportedly failing to afford an ambulance. Asha Bindhani, a minor girl suffering from mental illness, reportedly died by suicide on Thursday afternoon in Deula village under Baliapal police limits. After spotting her, locals informed her father Madhu Bindhani and the police. Madhu, a daily wage labourer, rushed to the spot and found his daughter dead. Shortly after, police arrived and ...Read More >
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 >
NEW DELHI: Asserting that the foundation of every single nation is its energy security, Leader of Opposition Rahul Gandhi on Thursday alleged that the government has "bartered" to the US India's right to determine its relationships with different oil suppliers due to a "compromise". Raising the issue in the Lok Sabha, Gandhi said the war between the US-Israel and Iran is going to have far-reaching consequences. "The central artery from where 20 pc of global oil flows, Strait of Hormuz, has been closed and this is going to have tremendous repercussions, particularly for us because a very larg ...Read More >
New Delhi, March 12 (SocialNews.XYZ) There is no fuel shortage, and India has sufficient crude oil stock at the moment, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Thursday, adding that people should not spread rumours and avoid creating fake narratives. Speaking in Parliament, the minister stressed that the volume of energy in India is secure. "India's crude supply position is secure, and the secured volume exceeds what Hormuz would have delivered. Thanks to Prime Minister Narendra Modi's outstanding diplomatic outreach and goodwill, India has secured crude volumes that ex ...Read More >
NEW DELHI: The government on Monday said that 10 foreign-flagged ships carrying energy products and bound for India are presently stranded in the Persian Gulf. This is in addition to 18 Indian vessels that are currently in that region.Responding to a question, Rajesh Sinha, special secretary of the shipping ministry, said three of the foreign-flagged ships are loaded with LPG, four are carrying crude oil, and three are loaded with LNG. Govt's priority is to ensure that Indian-flagged vessels carrying India-bound cargo are allowed to pass through the Strait of Hormuz, he stressed.Two LPG carrie ...Read More >
NEW DELHI, March 11 (Reuters) - Indian gas firm GAIL has bought an Omani liquefied natural gas cargo as the South Asian nation attempts to meet its natural gas demand, three trade sources said. GAIL has bought the prompt cargo for delivery next week from a European trader through negotiations at a fixed price of $17-$20 per million British thermal units, two of the three sources said. The cargo loaded on the vessel Orion Hugo, chartered by Shell, is scheduled to arrive in India around March 15, Kpler data shows. No immediate response was available from GAIL. India meets half of its 195 m ...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 >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
New Delhi, March 30: India has enough aviation turbine fuel (ATF) for the next 60 days and there is no immediate risk of disruption, Civil Aviation Minister Kinjarapu Rammohan Naidu told the Rajya Sabha on Monday amid concerns over the ongoing West Asia conflict. Responding to questions in the Rajya Sabha, Naidu assured that the country's aviation fuel supply remains stable despite the oil crisis triggered by the West Asia war. "India currently has adequate ATF reserves and does not foresee any shortage in the near future," he said. "India follows a balanced production system for ATF, where n ...Read More >
Delhi power minister Ashish Sood on Monday directed officials to accelerate the expansion of piped natural gas (PNG) connections in the national capital and conduct an intensive door-to-door campaign to encourage residents to adopt PNG, amid the West Asia crisis. Sood said directions were issued to expand PNG coverage across the city in the next quarter. He chaired a high-level meeting to review PNG expansion in Delhi. Senior officials from IGL, the Urban Development Department, the Municipal C ...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 >
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 >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...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 >
India's U.S. Crude Oil Imports Surge 51 Per Cent Following Trump's Return To Office: Sources Sunday, August 03, 2025 by Indian Defence News Since President Donald Trump resumed office for his second term, India has significantly increased its crude oil imports from the United States, marking a substantial shift in its energy procurement strategy. From January to June 2025, India's imports of US crude oil averaged 0.271 million barrels per day (mb/d), a 51% increase compared to 0.18 mb/d in the same period in 2024. This growth was even more pronounced in the April-June 2025 quarter, which sa ...Read More >
NEW DELHI: Commerce and industry minister Piyush Goyal has indicated that India could buy more oil from the US amid repeated calls from American President Donald Trump for India and China to lower purchase of Russian crude."We are big importers of energy from across the world, including from the US. We expect to increase our trade with the US on energy products in the years to come... Our energy security goals will have a very high element of US involvement, which will ensure high stability, dive ...Read More >
New Delhi [India], March 30 (ANI): India on Monday said that particular attention is being given to the welfare of Indian seafarers as the conflict in the Gulf region entered its second month. A senior Ministry of External Affairs (MEA) officer assured that the safety, security and welfare of the Indian community in the region remains the utmost priority and added that MEA continues to closely monitor the evolving situation in the region. Also Read | Donald Trump Warns Iran on Strait of Hormuz, Power Grid if Deal Is Not Reached. Addressing an interministerial briefing, Aseem Mahajan, Joint ...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 >
New Delhi: With the government's push for greater adoption of piped natural gas or PNG, the oil ministry on Tuesday said that India added more than 3.1 lakh new PNG connections in March and another 2.7 lakh connections were issued, aiming to expand the base of cleaner fuel networks due to supply disruptions following the closure of the Strait of Hormuz. The move of the government aims to meet the demand of the cooking gas for households as well as commercial set-ups amid the disruption of LPG supplies in the country amid the West Asia war. The PNG, the government said, is considered more conv ...Read More >
New Delhi: India on Thursday strongly reiterated that its energy import decisions are driven by domestic consumer interests, rejecting US President Donald Trump's statement that Prime Minister Narendra Modi had "assured" him that India would cease buying Russian oil. Trump, speaking to reporters at the White House on Wednesday, said: "I was not happy that India was buying oil. And he (Modi) assured me today that they will not be buying oil from Russia. That's a big stop." He further added, "There will be no oil. He's not buying oil," clarifying that the shift "would not take place immediatel ...Read More >
New Delhi: India added more than 3.1 lakh new piped natural gas (PNG) connections in March and another 2.7 lakh connections were issued as the government accelerated expansion of cleaner fuel networks amid supply disruptions following the closure of the Strait of Hormuz. With the war in West Asia disrupting cooking gas LPG supplies, the government has been pushing for greater adoption of piped natural gas - considered more convenient than LPG cylinders for everyday use as gas is delivered through a pipeline directly to home without the botheration of booking refills. Also Read: 6,000 PNG use ...Read More >
New Delhi: India responded on Friday to recent sanctions announced by the European Union, stating that it does not subscribe to any unilateral sanction measures and emphasising the importance of avoiding double standards, especially in the domain of energy trade. The 18th package of sanctions by the 27-nation EU included a set of measures largely aimed at curbing the revenues of Russia's oil and energy sector, such as an import ban on refined petroleum products made from Russian crude oil and coming from any third country. The measures also included a reduction of the oil price cap from USD ...Read More >
India and Iran have been in touch in recent days over issues related to maritime movement and energy security, the government said on Thursday. Ministry of External Affairs spokesperson Randhir Jaiswal said S Jaishankar and Iran's foreign minister had spoken three times recently. "Iran foreign minister and India's Jaishankar have had 3 phone calls in recent days to discuss safe passage of ships, energy security," Jaiswal said. India has been closely monitoring developments in West Asia as tens ...Read More >
New Delhi, Mar 30 (PTI) The widening conflict in West Asia has driven a sharp 60 per cent surge in feedstock natural gas prices for fertiliser plants which is expected to raise the government's subsidy burden. With the conflict disrupting energy supply lines, supply of natural gas -- a primary feedstock for producing ammonia, which is the building block for nitrogen-based fertilisers -- has been restricted to 80 per cent of the demand. To meet the deficit, fertiliser companies are buying liquef ...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, Mar 2 (PTI) Amazon India on Monday announced 'Zero Referral fee' on more than 12.5 crore products, a move, the ecommerce giant said, aims to accelerate growth for lakhs of sellers across the country. Building on last year's fee revision, the company has expanded zero referral fees coverage more than 10-times from 1.2 crore products in 2025 to over 12.5 crore products priced under Rs 1,000 across 1,800-plus categories, the company said in a release. In addition, Amazon has reduced Easy Ship fees by over 20 per cent for products priced below Rs 300. Easy Ship allows sellers to stor ...Read More >
New Delhi, March 11 (SocialNews.XYZ) Aam Aadmi Party (AAP) chief Arvind Kejriwal on Wednesday said that the country is going through troubling times due to acute LPG shortage, which is only going to worsen with the deepening West Asia crisis, and pinned the blame on the Narendra Modi government's "feeble and pliable" foreign policy. Addressing a press conference in the capital, Kejriwal claimed that the nation's LPG production has reduced by about 50 per cent, and its fallout is visible primarily in the commercial sector as multiple restaurants are pulling their shutters down. Holding the go ...Read More >