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.
BHUBANESWAR: LPG cylinders will no longer be available in the open market in Odisha and only customers who have completed their e-KYC can procure them from authorised dealers, food supplies and consumer welfare minister Krushna Chandra Patra announced on Sunday, amid complaints of black-marketing due to alleged shortage of cooking gas, reports Diana Sahu."The department has been proactive in its efforts to curb the unauthorised sale of LPG cylinders in the open market at exorbitant rates. There is no disruption in the supply of domestic cylinders, and as per the new guidelines, they are being supplied to urban consumers within 25 days and to rural consumers within 45 days of booking," Patra said. Sale of 5 kg cylinders in the open market has been banned to curb black marketing of cooking gas in the state. In another development, 27 LPG cylinders were seized in Dhenkanal town on Sunday for black marketing.
Mumbai: Amid concerns over possible LPG shortage, the Indian Railway Catering and Tourism Corporation has directed catering units at railway stations in its western zone to shift to microwave and induction plates and maintain stocks of ready-to-eat food items for passengers. Also Read: You may have to carry your food on trains as Railway catering may be suspended due to gas cylinder crisis In a communication issued on March 10, IRCTC asked operators of food plazas, refreshment rooms and 'Jan Ahaars' to switch to alternative arrangements to maintain seamless catering services for travelling p ...Read More >
Hyderabad (Telangana) [India], March 12 (ANI): Bharat Rashtra Samithi (BRS) Working President KT Rama Rao on Thursday wrote to Union Petroleum and Natural Gas Minister Hardeep Singh Puri seeking urgent intervention to address the shortage of both commercial and domestic LPG cylinders. According to a post by BRS on 'X', KTR warned that the shortage is severely affecting hotels, eateries, hostels and small food businesses. The letter cautioned that thousands of establishments could be forced to shut down, while lakhs of workers and students may face serious hardship if the LPG supply is not res ...Read More >
In a major crackdown, the Commissioner's Task Force (Jubilee Hills Zone), along with Banjara Hills police, arrested 10 persons for illegally stocking and selling LPG cylinders at inflated prices. Acting on credible information, the police raided a location near a graveyard at Nagarjuna X Road in Banjara Hills on Sunday. The accused were caught red-handed allegedly dumping cylinders and selling them at higher rates. During the operation, officials seized a total of 414 gas cylinders of various c ...Read More >
India hikes commercial LPG prices again. 19 kg cylinders now cost over ₹2,000 in Delhi and Mumbai and over ₹2,200 in Kolkata and Chennai. Domestic LPG rates stay unchanged.Commercial LPG cylinder prices were hiked sharply across metros on April 1, with state-run oil marketing companies raising rates by up to ₹218 per 19-kg cylinder, marking the second increase in a month. In Delhi, the price of a 19-kg commercial LPG cylinder has risen by ₹195.50 to ₹2,078.50, while in Kolkata it has gone up by ₹218 to ₹2,208.00. Prices in Mumbai and Chennai now stand at ₹2,031.00 and ₹2,246.50, respectively ...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 >
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 >
New Delhi, March 30: All refineries are operating at high capacity with adequate crude inventories, and sufficient stocks of petrol and diesel are being maintained while domestic LPG production from refineries has been increased to support local consumption, the Ministry of Petroleum and Natural Gas said on Monday. Although LPG supply continues to be affected due to the prevailing geopolitical situation, no dry-outs have been reported at LPG distributorships. Most LPG distributorships also operated on Sunday to ensure uninterrupted delivery to households, a ministry statement said. All petrol ...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 >
Vijayawada: Civil supplies minister Nadendla Manohar on Tuesday assured that there is no shortage of petrol, diesel or cooking gas in the state, urging people not to panic or believe rumours about supply disruptions. Addressing a press conference at the civil supplies state office in Kanuru here, the minister said the coalition government has ensured uninterrupted availability of essential fuels across the state. He noted that misinformation circulating on social media had triggered a sudden surge of nearly five lakh LPG bookings, leading to a temporary backlog. However, he clarified that sup ...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: Six people, including a three-year-old child, were injured in five separate fire incidents reported across the city on Thursday.According to Delhi Fire Services (DFS), a fire was reported on Pankha Road in west Delhi's Janakpuri around 5.30am, in which two buses and a car were gutted. Two fire tenders were sent to the site. No casualties were reported. At 9.35am, a fire broke out in a house in southeast Delhi's New Friends Colony. According to police, a resident called workers to clean a sofa set in her home when a fire broke out. "It appears the thinner caught fire during the clean ...Read More >
New Delhi | July 1, 2025 -- In a welcome move for commercial establishments, oil marketing companies have slashed the price of 19 kg commercial LPG cylinders by ₹58.50, effective July 1. This brings the price in Delhi down to ₹1,665, compared to ₹1,723.50 in June. Also Read: Delhi Scraps Police Licensing for Hotels, Pools, and Discotheques in Major Business Reform However, the 14.2 kg domestic LPG cylinder price remains unchanged, leaving household budgets under continued pressure despite repeated calls for relief. This marks the fourth price cut since March 2025, when commercial LPG saw a ...Read More >
New Delhi [India], July 1 (ANI): Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates came into effect from July 1, bringing relief to commercial users such as hotels, restaurants, and businesses. While in Delhi, with the latest revision, the retail sale price of a 19 kg commercial LPG cylinder was set at Rs 1665, down from the previous rate. There was, however, no change in the price of 14.2 kg domestic LPG cylinders, which are widely used in households. Also Read | Bhopal Shocker: ...Read More >
Bengaluru: As the ongoing Gulf War entered its 30th day, its ripple effects have begun to impact daily life in Karnataka, with a severe shortage of LPG cylinders disrupting households, hotels, and industries across Bengaluru and other regions. The shortage of commercial LPG cylinders has particularly hit hotels, restaurants, and small food businesses, many of which have been forced to scale down operations or temporarily shut. Residents have been seen queuing up outside gas agencies with empty cylinders, struggling to secure supplies amid the ongoing crisis. Addressing a press conference at ...Read More >
Bengaluru: Food and Civil Supplies Minister K.H. Muniyappa on Monday said that the state government has initiated steps to streamline the supply of commercial LPG cylinders and assured hotel owners that distribution would resume from Tuesday. He also urged the Centre to resolve the shortage. Addressing the media, Muniyappa said an order regarding the allocation of commercial cooking gas had already been issued on Sunday. "The order will reach distributors today, and from tomorrow onwards, LPG cylinders will be supplied. The channel that was closed will take some time to fully resume operation ...Read More >
Hyderabad: Amid the continuing crunch in supply of both commercial and domestic LPG cylinders, with the authorities sweeping dirt under the carpet, black-marketing of both commercial and domestic gas cylinders is thriving in the city's underground market like there is no tomorrow. The black market price of 19-kg commercial LPG cylinders has surged, with prices going up to Rs 7,000, while that of 14-kg domestic cylinders has spiked to Rs 5,000 or more. These cylinders are being sold illegally by third parties, presumably in cahoots with dealers and facilitated by social media channels. Of cou ...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 >
On Thursday, 51 complaints were received at the control room, all of which were addressed promptly, officials said. The helpline, set up at the Mini Secretariat to tackle complaints related to LPG shortages and black marketing, began operations on Wednesday. The initiative is part of a broader effort to streamline supply and ensure transparency in distribution. District food and supplies controller (DFSC) Ashok Rawat said the majority of complaints were related to LPG refills. For public conve ...Read More >
With the demand for firewood from households and the hotel sector rising, wood suppliers have warned of a possible shortage. Benny Nanatt, an eatery owner at Palarivattom, says that due to the unavailability of LPG cylinders, several hotels have turned to firewood. "Induction cooktops are not an option as commercial electricity connections have higher tariffs. So, firewood is largely relied upon," said Mr. Nanatt. He has been using rocket stoves that run on firewood. "It has been two weeks sinc ...Read More >
New Delhi: Bringing the much needed relief to the common man, Oil marketing companies have revised the prices of commercial LPG gas cylinders effective from 1 July 2025. The rate of a 19 kg commercial LPG gas cylinder has been reduced by Rs Rs 58.5 effective today. In Delhi, the retail sale price of a 19 kg commercial LPG cylinder is Rs 1,665 from today. However, the prices of domestic LPG cylinders will remain unchanged. Domestic cooking gas prices vary from state to state due to local taxes, and the last revision in domestic cylinder prices occurred on March 1 last year. It is important t ...Read More >
Bhubaneswar, March 30 (SocialNews.XYZ) Chief Minister Mohan Charan Majhi on Monday directed district collectors across Odisha to keep enforcement squads on a 24-hour action mode and regularly monitor market conditions to curb black marketing, illegal hoarding, and price rise. In view of the prevailing situation in West Asia, CM Majhi also reviewed the supply of essential commodities in the state during a high-level virtual meeting with district collectors. According to an official statement issued by the Chief Minister's Office, Majhi reviewed the steps taken at the district level to address ...Read More >
SHILLONG, March 30: Meghalaya is facing a shortage of commercial LPG, but domestic supply remains stable, the Director of Food, Civil Supplies, and Consumer Affairs, Saloni Verma, said on Monday. Speaking to reporters, Verma acknowledged the constraints in commercial LPG availability and urged consumers to report any cases of overcharging with specific details. She said that such complaints would be promptly investigated and acted upon. She clarified that the Pradhan Mantri Ujjwala Yojana has not been affected by the current situation, adding that the scheme has played a key role in expandin ...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 >
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 >
HYDERABAD: Sleuths of the Jubilee Hills Zone Task Force, along with Banjara Hills police, busted an illegal LPG cylinder racket on Monday and arrested 10 persons, including an HP gas dealer, for illegally storing 414 cylinders in a graveyard and selling them in the black market at inflated prices. Police said the accused were selling each commercial cylinder for around Rs 6,000, against the official price of Rs 2,000. The main accused, Mohd Aamir (42), runs an HP gas agency at Mamidipalle in Shamshabad, with an office near the Afzalgunj bus stop. He, along with Nalla Pochamma temple president ...Read More >
New Delhi [India], April 1 (ANI): The prices of LPG cylinders have been revised upward with effect from April 1, with commercial and smaller cylinders witnessing a significant increase across key cities. In Delhi, the price of a 19 kg commercial LPG cylinder has been increased to Rs 2,078.50, marking a rise of Rs 195.50. Meanwhile, the 5 kg FTL cylinder is now priced at Rs 549 per refill, reflecting an increase of Rs 51, sources said. In Kolkata, the price of a 19 kg commercial LPG cylinder has gone up by Rs 218, indicating a broader trend of rising fuel costs across urban centres. Meanwhil ...Read More >
New Delhi [India], April 1 (ANI): In a move aimed at protecting domestic air travel from a sharp global fuel shock, the government has limited the increase in Aviation Turbine Fuel (ATF) prices for domestic airlines to 25%, even as international benchmarks indicated a potential surge of over 100%. The Ministry of Petroleum and Natural Gas said the decision comes in response to an "extraordinary situation in global energy markets," triggered by the closure of the Strait of Hormuz. To prevent a steep rise in airfares, public sector oil marketing companies, in consultation with the Ministry of C ...Read More >
ANANTAPUR: A woman allegedly attempted suicide at Tondapadu village in Gooty mandal on Monday following a dispute with her husband over a cooking gas cylinder. According to sources, the woman, wife of Harikrishna, had been facing difficulties, as the LPG cylinder at their house had remained empty for the past three months. Due to financial constraints, her husband was reportedly unable to refill the cylinder, forcing the family to rely on firewood for cooking. Tension prevailed in the household as the woman had been urging her husband to arrange for a new cylinder. A minor quarrel broke out ...Read More >