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NEW DELHI, April 7 (Reuters) - India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government se ...Read More >
Gold rates today: This week so far has been bearish for gold & silver prices because of two major consecutive drops. The 24 karat gold rate in Bangalore today fell after rallying last week, where the yellow metal added Rs. 26,000 per kg and jumped 192%. Similarly, the gold rate in Kerala today followed the pattern. "The recent movements in precious metals are largely influenced by rising crude oil prices, which surged 3.02% to $115.81 per barrel (Rs. 10,764), driven by geopolitical tensions, pa ...Read More >
New Delhi, April 7 (SocialNews.XYZ) JPMorgan Chase CEO Jamie Dimon has said that geopolitical tensions, including wars in Ukraine and Iran, are the biggest risk facing the bank and the global economy, and urged a renewed commitment to core American values to navigate these uncertainties. The CEO warned about economic uncertainty from these tensions including their impacts on commodities as well as the industry-wide impact of artificial intelligence. "The challenges we all face are significant. ...Read More >
New Delhi [India], April 3 (ANI): India's fisheries sector has emerged as a major contributor to food security, employment, export earnings and sustainable livelihoods, backed by a record ₹39,272 crore investment by the Government of India since 2015. According to an official press release issued by the Ministry of Fisheries, Animal Husbandry & Dairying, the sector supports nearly 30 million fishers and fish farmers at the primary level and almost twice as many across the value chain. Ranked t ...Read More >
VIJAYAWADA: Civil Supplies Director S Nupur Ajay Kumar on Monday stated that there is no shortage of LPG, petrol, diesel, or fertilizers in the state and urged the public not to panic. Addressing a joint press conference at the State Civil Supplies Corporation office in Kanuru along with PIB Director G Suresh Kumar, she said the government has taken all necessary steps to ensure uninterrupted supply of essential commodities. She stated that despite global uncertainties, adequate stocks are bei ...Read More >
New Delhi: Global crude oil prices on Tuesday hit new highs, jumping more than 3 per cent amid geopolitical tensions and US President Donald Trump's Tuesday deadline to reopen the Strait of Hormuz to Iran. Brent crude futures advanced as much as 1.69 per cent, or $1.86, to $111.63, an intraday high as of 9:57 am. The US West Texas Intermediate crude futures increased more than 3 per cent or $4.15 to $116.87. Brent crude has witnessed a gain of over 60 per cent since the conflict began from $72. ...Read More >
New Delhi: India's fish production has more than doubled over 10 years to 197.75 lakh tonnes in 2024-25 from 95.79 lakh tonnes in 2013-14, making it the second largest producer of marine products in the world, according to a factsheet put out by the Central government on Monday. Collectively, fisheries-related schemes implemented since 2014-15 have generated an estimated 74.66 lakh direct and indirect employment opportunities, underscoring the sector's expanding role in inclusive and sustainabl ...Read More >
Mumbai, Apr 7 (PTI) Shipbuilding and heavy fabrication firm Swan Defence and Heavy Industries Limited (SDHI) on Tuesday said it has secured an order from Energy ONE Ltd to construct four dual-fuel ammonia bulk carriers. The first vessel under the Category 4 order is expected to be delivered in October 2029, with subsequent deliveries scheduled at four-month intervals, SDHI said. An order valued between Rs 1,501 crore and Rs 3,000 crore falls under Category 4. These Category 4 vessels will be ...Read More >
New Delhi [India], April 7 (ANI): The National Stock Exchange of India (NSE) announced a strategic collaboration with S&P Global Energy to introduce exchange-traded derivatives based on Platts physical spot market benchmarks. According to NSE, the exchange planned to initially launch Dated Brent Crude Oil (Platts) futures contracts based on the Platts Dated Brent benchmark. This development followed a collaboration with S&P Global Energy, which functioned as a provider of data and benchmark pri ...Read More >
Mumbai: A stable consumption environment and improving macro conditions helped Godrej Consumer Products sustain growth momentum in the March quarter, even as commodity volatility began to resurface. Godrej Consumer Products reported steady demand conditions in India during Q4 FY26, with consumer sentiment remaining stable across the FMCG sector. The normalization of trade channels following GST-related transitions and easing food inflation supported consumption. Against this backdrop, the stand ...Read More >
New Delhi, April 6: The government on Monday said there is no "unusual volatility" in prices of essential commodities on account of the West Asia crisis, and it is continuously monitoring the rates in wholesale and retail markets across the country. The Centre said it has sufficient stocks of wheat and rice to meet the requirements of the public distribution system (PDS) and also any exigencies. It has also asked states to crack down on hoarding and black marketing of essential food items. Whea ...Read More >
Over the past few weeks, six other Indian LPG vessels from the Gulf region -- Shivalik, Nanda Devi, Pine Gas, Jag Vasant, BW Elm and BW Tyr -- have reached Indian shores. The movement of these vessels comes amid growing concerns over energy supplies. India, the world's second-largest LPG importer, is facing one of its worst energy crises in decades due to the strategic blockade of the Strait of Hormuz amid the war between Iran and the US-Israel. India, before the war, relied on imports for 60 ...Read More >
The government on Monday said prices of essential commodities remain stable despite the ongoing crisis in West Asia, asserting that there has been no "unusual volatility" and that it is closely monitoring both wholesale and retail markets across the country. Addressing an inter-ministerial briefing, Anupam Mishra, additional secretary in the Department of Consumer Affairs, said the Centre is "keeping a close watch on the food security situation in the country" amid global uncertainties. Also R ...Read More >
Mumbai: The Reserve Bank's rate-setting panel on Monday started its three-day brainstorming session on the first bi-monthly monetary policy of the fiscal year amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to the ongoing West Asia crisis. The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday. The RBI has cut rates by a total of 125 basis ...Read More >
Mumbai: The Reserve Bank's rate-setting panel on Monday started its three-day brainstorming session on the first bi-monthly monetary policy of the fiscal amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to ongoing West Asia crisis. The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday. Also read: RBI expected to hold rates steady in first ...Read More >
Wipro -- the Indian tech giant founded by billionaire Azim Premji -- is buying the IT unit of Olam Group for $375 million as the Singapore-based company moves to re-organize its operations and focus on its core agricultural commodities business. Under the deal, which is subject to customary closing conditions, Bangalore-based Wipro will buy Olam's entire stake in its IT and digital services unit, Mindsprint, in cash. Following the acquisition, Wipro will provide Olam IT services for eight years ...Read More >
Mumbai, Apr 6 (PTI) The Reserve Bank's rate-setting panel on Monday started its three-day brainstorming session on the first bi-monthly monetary policy of the fiscal amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to ongoing West Asia crisis. The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday. The RBI has cut rates by a total of 125 b ...Read More >
New Delhi [India], April 6 (ANI): India's metal and mining sector is poised for a near-term recovery, supported by improving domestic demand and a rebound in commodity prices, even as global geopolitical disruptions continue to shape supply dynamics, according to a recent report by Anand Rathi. The report highlighted that India remains structurally well-placed in the global metals cycle, driven by strong internal consumption trends. "India remains at the center of the global ferrous growth stor ...Read More >
New Delhi [India], April 6 (ANI): India's metal and mining sector is poised for a near-term recovery, supported by improving domestic demand and a rebound in commodity prices, even as global geopolitical disruptions continue to shape supply dynamics, according to a recent report by Anand Rathi. The report highlighted that India remains structurally well-placed in the global metals cycle, driven by strong internal consumption trends. "India remains at the center of the global ferrous growth stor ...Read More >
New Delhi: India's fish production has more than doubled over 10 years to 197.75 lakh tonnes in 2024-25 from 95.79 lakh tonnes in 2013-14, making it the second largest producer of marine products in the world, according to a factsheet put out by the Central government on Monday. Collectively, fisheries-related schemes implemented since 2014-15 have generated an estimated 74.66 lakh direct and indirect employment opportunities, underscoring the sector's expanding role in inclusive and sustainabl ...Read More >
New Delhi: Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Import Bank, th ...Read More >
New Delhi, Apr 6 (PTI) Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Imp ...Read More >
NEW DELHI - India's car dealers on April 6 warned of possible supply or dispatch disruptions in the near term as the Middle East conflict drove up raw material costs, even as the fiscal year's total sales hit a record high. The broader operating environment is clouded by the conflict, the Federation of Automobile Dealers Associations (FADA) said in a statement. The war has pushed up oil and gas prices, raising fuel and logistics costs across the auto supply chain, while also driving up prices ...Read More >
In a notable development, The Reserve Bank is reported to likely keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis continues to nurture inflationary fears. The continuing geopolitical tensions in West Asia have resulted in increased volatility in commodity prices and sharp currency movement that have seen the rupee hit record lows. As per economists interviewed by PTI, these developments have unprecedentedly compl ...Read More >
Major ports under the Union Ministry of Ports, Shipping and Waterways handled 915.17 million tonnes (MT) of cargo during the financial year 2025-26, surpassing the annual target of 904 MT, and registering a strong year-on-year growth of 7.06%. The achievement highlights improved operational efficiency, robust trade recovery, and sustained momentum in the maritime sector, according to the Ministry. It also reflects "the impact of ongoing reforms and strategic investments aimed at modernising por ...Read More >
Mumbai, April 5: The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis is likely to push up inflation, according to economists. The continuing geopolitical tensions in West Asia, volatility in commodity prices and sharp currency movement that have seen the rupee hit record lows have complicated the policy outlook, and its projections on growth, inflation and also the stance of policy will ...Read More >
Kandla (Gujarat) [India], April 5 (ANI): Chairman of Deendayal Port Authority Sushil Kumar Singh, on National Maritime Day, said that Kandla port has handled the highest volume of cargo, asserting that India's first port, where we have conducted a trial of methanol bunkering. "In the past financial year, 2025-26, Deendayal Port Authority, Kandla port, has handled the highest volume of cargo of 160.11 million metric tons, which is the highest in the history of any major port. Kandla port has ach ...Read More >
Kandla (Gujarat) [India], April 5 (ANI): Chairman of Deendayal Port Authority Sushil Kumar Singh, on National Maritime Day, said that Kandla port has handled the highest volume of cargo, asserting that India's first port, where we have conducted a trial of methanol bunkering. "In the past financial year, 2025-26, Deendayal Port Authority, Kandla port, has handled the highest volume of cargo of 160.11 million metric tons, which is the highest in the history of any major port. Kandla port has ach ...Read More >
New Delhi: There appears to be no immediate end in sight to the ongoing conflict between the US, Israel, and Iran. The exchange of missile and drone attacks from both sides has plunged the Middle East into turmoil, resulting in a severely deteriorated situation across the region. Meanwhile, markets worldwide also appear to be feeling the impact. Since the outbreak of hostilities in the Middle East, a decline has been observed in gold prices. In this context, the question arises: what could be t ...Read More >
MUMBAI: The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis is likely to push up inflation, according to economists. The continuing geopolitical tensions in West Asia, volatility in commodity prices and sharp currency movement that have seen the rupee hit record lows have complicated the policy outlook, and its projections on growth, inflation and also the stance of policy will be keenl ...Read More >
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