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.
Bhopal (Madhya Pradesh): The district administration has set a target to provide PNG gas connections to 70,000-75,000 households in Bhopal within three months. At present, there are over 25,000 domestic PNG connections in the district. The pipeline network has also been extended to several residential colonies covering around 42,000 households across district. These households are expected to receive connections over the next three months. The city gas distribution company said natural gas is currently being supplied to 8,000 households through domestic connections. Additionally, PNG connections can be provided immediately to 42,000 households upon submission of applications. Divisional Commissioner Sanjeev Singh convened a meeting on Monday to review key activities related to the development of urban gas distribution infrastructure in the district. During the meeting, officials said that under the City Gas Distribution Policy 2025 issued by the Food Supply Department, a single-window CGD portal has been established through the Collector's office. The portal aims to ensure rapid implementation of infrastructure for supplying natural gas via pipelines for domestic, industrial and commercial use across the district. Under this system, once the city gas distribution company applies for permissions from all departments with required documents, approvals will be granted within 24 hours.
Mumbai, Nov 17 (PTI) Mahanagar Gas (MGL) on Monday said compressed natural gas supply to pumps in the financial capital will be restored by Tuesday noon. Nearly 60 per cent, or 225 of the 389 CNG pumps supplying gas to the megapolis, are operational, the gas utility said in a statement. "Due to stoppage of gas supply in CGS Wadala, and thereby the MGL pipeline network, few CNG stations in Mumbai, Thane, and Navi Mumbai are not operational," MGL said in a statement, which came after reports of widespread inconvenience to people in the city. It can be noted that gas supply to the pumps has be ...Read More >
Bhubaneswar, Apr 2 (PTI) The Odisha government on Thursday decided to expedite transitioning to piped natural gas for urban households while also focusing on implementing strict digital safeguards against irregularities in LPG supply. The decision was taken at a high-level meeting that was attended by Food Supplies and Consumer Welfare Minister KC Patra, Housing and Urban Development Minister Krushna Chandra Mahapatra and senior officials of major oil and gas corporations. Notably, the meeting was held two days after Chief Minister Mohan Charan Majhi announced in the Assembly that there is n ...Read More >
Bhubaneswar: The Odisha government on Thursday decided to expedite transitioning to Piped Natural Gas (PNG) for urban households while also focusing on implementing strict digital safeguards against irregularities in LPG supply. The decision was taken at a high-level meeting that was attended by Food Supplies and Consumer Welfare Minister Krushna Chandra Patra, Housing and Urban Development Minister Krushna Chandra Mahapatra and senior officials of major oil and gas corporations. Notably, the meeting was held two days after Chief Minister Mohan Charan Majhi announced in the Assembly that ther ...Read More >
Mumbai: After weeks of disruption sparked by the West Asia conflict, Mumbai's hospitality sector is moving towards a more permanent fix to its fuel crisis. Nearly 2,000 hotels and restaurants, largely in south Mumbai, are preparing to switch to piped natural gas, or PNG, in a bid to escape the uncertainty, delays and daily struggle of securing commercial LPG cylinders.The strongest response has come from south Mumbai, where demand is high despite infrastructure challenges. Dense development and underground utility congestion have limited pipeline expansion in several pockets, yet nearly 60% of ...Read More >
New Delhi: All city gas distribution (CGD) companies will now pay the same pipeline tariff regardless of their distance from the gas supply source, a measure that will help reduce transportation costs for licensees and potentially lower cooking and transport fuel prices in far-flung licensed areas. The Petroleum and Natural Gas Regulatory Board (PNGRB) has amended the Natural Gas Pipeline Tariff Regulations, introducing key reforms to the sector. These include streamlining unified tariff zones, allowing a single pipeline tariff for CGD companies, and creating a dedicated pipeline development ...Read More >
New Delhi: Prime Minister Narendra Modi will launch multiple development projects worth several thousand crores and address public meetings in Bihar and West Bengal on Friday. The Prime Minister will lay the foundation stone and dedicate to the nation multiple development projects worth over Rs 7,200 crores in Bihar's Motihari. He will also unveil multiple development projects worth over Rs 5,000 crores at Durgapur in West Bengal. In Bihar, Mr Modi will lay the foundation stone, inaugurate and dedicate to the nation development projects catering to rail, road, rural development, fisheries, el ...Read More >
PM Modi said that in six states in eastern India, gas pipelines are being laid. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Prime Minister Modi launched development projects worth Rs 5,400 crore in West Bengal * Laid foundation for BPCL's Rs 1,950-crore City Gas Distribution project in Bankura and Purulia * Dedicated Rs 1,190-crore Durgapur-Kolkata natural gas pipeline under Pradhan Mantri Urja Ganga Did our AI summary help? Let us know. Durgapur: Prime Minister Narendra ...Read More >
Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) has secured a $225.5 million contract from Kuwait Oil Company to build, operate and manage a gas sweetening and sulphur recovery facility at Kuwait's oilfields. The project will be completed in 790 days, followed by five years of operations and maintenance. Indian multi-sector infrastructure firm Megha Engineering & Infrastructures has won a contract worth $225.5 million from Kuwait Oil Company (KOC), it said on Friday. The contract ...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, April 2 (Reuters) - India is using a cooking gas crisis triggered by the Iran war to plug leaks in its local distribution chain and strengthen infrastructure to expedite a shift towards piped gas as it looks to reduce liquefied petroleum gas imports and spending on subsidies. The government has invoked emergency powers to ensure that limited LPG supplies are directed toward actual household use and will halt supplies after three months for customers linked to piped gas connections. Last month, India issued an order setting timelines for new pipeline approvals, with permissions dee ...Read More >
CNG supply in Mumbai was disrupted on Sunday following damage to a main gas pipeline operated by GAIL, PTI reported. Mahanagar Gas (MGL) said the incident affected gas flow to its City Gate Station (CGS) at Wadala, impacting CNG availability across the network. A large share of the city's autorickshaws, taxis -- including those operated by ride-hailing firms -- and several buses run by public transport undertakings rely on CNG supplied by MGL. The company said it had prioritised piped natural g ...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: 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, Apr 3 (PTI) A multi-level strategy involving coordination with the Centre for policy intervention has been rolled out to manage pressure on LPG supply and the broader energy sector, the Delhi government said on Friday. The announcement came at a press conference held by the government's Department of Food, Supplies and Consumer Affairs. Additional Commissioner Arun Kumar Jha said Delhi has around 56 lakh domestic LPG connections, and residents are being urged to ensure that their connections are registered in the correct name to prevent misuse and diversion. Jha said at the same ...Read More >
New Delhi : GAIL (India) Limited, a Maharatna Public Sector Undertaking, has entered into a long-term charter party agreement with Alpha Gas, a leading Greek shipping major, for the LNG carrier "Energy Fidelity." The charter party agreement was executed between GAIL and Pantheon Maritime Services Private Limited, a Singapore based affiliate of Alpha Gas. Shri S Bairagi, Executive Director (Mktg. - Shipping & International LNG), GAIL (India) Limited, and Ms. Anna Angelicoussis, Owner of Alpha Gas, signed the agreement at the Alpha Gas' headquarters in Athens. The LNG carrier "Energy Fidelity, ...Read More >
Alipurduar (West Bengal) [India], May 29 (ANI): Prime Minister Narendra Modi on Thursday laid foundation stone of City Gas Distribution project in Alipurduar and Cooch Behar districts in West Bengal on Thursday. The project, worth over Rs 1010 crore, aims to provide Piped Natural Gas (PNG) to more than 2.5 Lakh households, over 100 commercial establishments, and industries, and Compressed Natural Gas (CNG) to vehicular traffic by establishing around 19 CNG stations in line with the Minimum Work Program (MWP) targets stipulated by the Government. Also Read | Kerala Lottery Result Today 3 PM L ...Read More >
New Delhi [India], March 31 (ANI): In a significant step towards promoting clean, safe, and accessible energy in the national capital, Power Minister Ashish Sood today chaired a high-level meeting to review the expansion of PNG (Piped Natural Gas) in Delhi. Senior officials from IGL, the Urban Development Department, the Municipal Corporation of Delhi (MCD), the Delhi Jal Board, and the Delhi Government were present in the meeting. Following the meeting, the Power Minister stated that a comprehensive strategy has been prepared to accelerate the expansion of PNG connections in Delhi and to ens ...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 >
Stating that the city had 15.20 lakh domestic piped natural gas (PNG) connections, Gujarat State Petroleum Corporation Ltd (GSPCL) Managing Director Avantika Singh stated that people applying for new connections by June 30 were eligible for a discount of Rs 500. "There are 15.20 lakh domestic PNG (piped natural gas) connections in Surat city. The government is in constant coordination with oil and gas companies to ensure that they do not face any problems in obtaining a regular gas supply. In ar ...Read More >
Rajasthan News: The Rajasthan government has announced that residents of the state would face no challenges to get LPG or PNG supplies starting from Akha Teej (Akshaya Tritiya) that falls on April 19, 2026. Sumit Godara, the state's Food and Civil Supplies Minister, commented that the state government is in full action mode to ensure that no wedding in the state is hampered due to non-availability of LPG or PNG supplies. The decision was taken after a high-level review meeting on the supply system of commercial and domestic Liquefied petroleum gas (LPG) and Piped Natural Gas (PNG) cylinders ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
New Delhi [India], July 10 (ANI): GAIL (India) signed a Gas Sale and Purchase Agreement with Oil India Limited (OIL) for extending the existing Gas Sale and Purchase Agreement for another 15 years, starting from 1st July, 2025, according to an official statement by the company. GAIL on Thursday stated that the agreement is to supply up to 900,000 Standard Cubic Meters per Day (SCMD) of natural gas from OIL's Bakhri Tibba Block of Rajasthan, covering Dandewala, Tanot and Bagi Tibba fields. The agreement was executed by Sumit Kishore, ED (Marketing-Gas), GAIL, and Ranjan Goswami, ED (BD), OIL, ...Read More >
New Delhi: State-run GAIL (India) Ltd has signed a long-term LNG sales and purchase agreement with Vitol Asia Pte. Ltd for the annual supply of approximately 1 million metric tonnes per annum (MMTPA) of liquefied natural gas over a 10-year period, starting in 2026. Under the agreement, Vitol will deliver LNG to GAIL from its global portfolio, the company said in a statement. "GAIL is expanding its long-term LNG portfolio to meet demand growth. We are pleased to partner with Vitol Asia Pte. Ltd, and this agreement represents a key milestone in reinforcing GAIL's capability to reliably serve i ...Read More >
Bhopal (Madhya Pradesh): The state government has set a target of providing two lakh new Piped Natural Gas (PNG) connections in three months to all City Gas Distribution (CGD) institutions. It has also instructed them to carry out daily monitoring of applications received for PNG connections. In the last one day, 225 new PNG connections were provided in the state. This was informed during the Group of Ministers (GoM) meeting held to review the supply of domestic gas and fuel at Mantralaya on Tuesday. Deputy Chief Minister Jagdish Devda, Food and Civil Supplies Minister Govind Singh Rajput and ...Read More >
New Delhi, Mar 30 (PTI) Delhi Urban Development Minister Ashish Sood on Monday directed officers to allocate 4 lakh PNG connections in the city, amid the prevailing LPG situation due to the West Asia crisis. Delhi has the capacity to provide approximately 18 lakh piped natural gas (PNG) connections, out of which 14 lakh have already been allotted, said a statement from the minister's office. In a meeting with Indraprastha Gas Limited (IGL), Urban Development and other departments and agencies, Sood directed the officers to allocate the remaining 4 lakh PNG connections at the earliest. The m ...Read More >
New Delhi: As the government aggressively appeals to people to opt for piped natural gas (PNG) connections amid the gas supply disruptions following the closure of the Strait of Hormuz, India added more than 3.1 lakh new PNG connections in March and another 2.7 lakh connections were issued. The US-Israel and Iran war has disrupted LPG supplies. The Indian government has advocated and appealed to people to apply for piped natural gas. The piped gas connection is considered more convenient as gas is delivered through a pipeline directly to home, without getting through the booking refills. Ind ...Read More >
New Delhi, Apr 7 (PTI) GAIL (India) Ltd has signed a long-term charter agreement with Greece-based Alpha Gas for the liquefied natural gas (LNG) carrier Energy Fidelity, the state-run firm said on Tuesday. The agreement was executed with Pantheon Maritime Services, a Singapore-based affiliate of Alpha Gas, and was signed in Athens by senior officials from both companies, GAIL said in a statement. The vessel, with a capacity of 174,000 cubic metres, is equipped with advanced propulsion and fuel-efficiency technologies aimed at lowering emissions, GAIL said. The deal is part of GAIL's strateg ...Read More >
Jaipur, April 7 (SocialNews.XYZ) A high-level review meeting on the supply system of domestic and commercial LPG cylinders in the state, along with the expansion of Piped Natural Gas (PNG) connections, was held on Tuesday at the Secretariat under the chairmanship of Food and Civil Supplies Minister Sumit Godara. Senior officials from the department and representatives of oil and gas marketing companies attended the meeting. Discussions focused on the current status of LPG supply across the state, the distribution mechanism, and the expansion of PNG services. Officials informed that the supp ...Read More >
New Delhi, Sep 16 (SocialNews.XYZ): The Trade Representation of Russia in India is the official partner of the 9th LNG India Summit 2025 to be held here on September 24-25. The international oil and gas event, dedicated to LNG (liquefied natural gas) sector cooperation, is being organised by the Indian branch of Messe Frankfurt. "For Russian companies, participation offers direct dialogue opportunities with Indian ministries and regulatory bodies, major market players, and insight into potential supply prospects and joint projects in LNG imports, terminal construction, and the delivery of eq ...Read More >
New Delhi [India], March 12 (ANI): Leader of Opposition in Lok Sabha, Rahul Gandhi on Thursday warned that the ongoing conflict in West Asia and the closure of the Strait of Hormuz could have serious consequences for India's energy security, saying that "the pain has just started." Speaking in the Lok Sabha, Rahul Gandhi said the war involving the United States, Israel and Iran is likely to have far-reaching global and domestic repercussions. He noted that the Strait of Hormuz, through which nearly 20% of the world's oil supply passes, has been blocked, creating a major disruption in global e ...Read More >