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New Delhi [India], April 1 (ANI): The credit profile of Indian companies remained resilient in 2025-26 despite a challenging global environment marked by tariff-related disruptions and heightened geopolitical tensions, according to a report by ICRA. The report noted that timely policy interventions by the Government of India, aimed at supporting domestic consumption and sustaining infrastructure investment, helped anchor credit quality and mitigate external headwinds during the year. It stated ...Read More >
Mumbai, April 1: The ongoing conflict in West Asia could begin to impact condom supply, as disruptions in the flow of key raw materials raise concerns over potential production slowdowns and rising costs. Industry observers warn that if the situation persists, it may eventually affect availability and pricing in retail markets. Supply stable for now While retail supply, especially in Mumbai, remains unaffected for now, concerns are growing about the long-term impact if the conflict continues. ...Read More >
India's oil ministry said Wednesday (Apr 1) that domestic jet fuel prices would rise as the Middle East war pushed up energy costs, but that it had cushioned airlines from an expected 100 per cent jump. Aviation turbine fuel (ATF) makes up a substantial chunk of airlines' expenses, and sustained increases could translate into higher airfares. State-run refiner Indian Oil Corporation said that ATF prices rose by 8.5 per cent in the capital Delhi, with similar rises in other major cities. "Due ...Read More >
The Vedanta demermger will transform the Mumbai-listed company into a series of pureplay companies spanning aluminium, zinc, oil and gas, steel, and power, Agarwal told the Financial Times, giving them a "free hand to grow". He anticipates a significant rerating of the group's assets. While the conglomerate's current market capitalisation sits at roughly $27 billion, Agarwal suggested that the combined valuation of the independent entities could double. Under the new arrangement, a private pare ...Read More >
NEW DELHI: India's oil ministry said today that domestic jet fuel prices would rise as the Middle East war pushed up energy costs, but that it had cushioned airlines from an expected 100% jump. Aviation turbine fuel (ATF) makes up a substantial chunk of airlines' expenses, and sustained increases could translate into higher airfares. State-run refiner Indian Oil Corporation said that ATF prices rose by 8.5% in the capital Delhi, with similar rises in other major cities. "Due to the closure of ...Read More >
NEW DELHI: India's Ministry of Petroleum announced significant price increases for aviation turbine fuel and commercial cooking gas on Wednesday. The hikes are a direct consequence of soaring global energy costs driven by the ongoing Middle East war. The ministry stated that aviation fuel prices for the domestic market were expected to more than double. This anticipated 100% surge was attributed to the "extraordinary situation" in global markets and the closure of the Strait of Hormuz. This ...Read More >
New Delhi/Mumbai: Two India-flagged tankers hauling liquefied petroleum gas (LPG) arrived in the country after being cleared by Iran to transit the strategic Strait of Hormuz, even as two additional carriers, the BW Tyr and BW Elm, began their journey through the waterway on Saturday, officials aware of the matter said. According to the officials, the Jag Vasant, a 230-metre-long ship, dropped anchor around 8 pm on Friday at Vadinar, a terminal of the state-run Deendayal Port Authority (DPA), p ...Read More >
Panaji: With a countrywide shortage of LPG crippling the tourism sector, govt has urged Goa's hospitality sector to shift to piped natural gas (PNG). Govt has urged commercial establishments currently dependent on LPG to prepare for the transition.However, the sector has questioned the push towards PNG, pointing out that gas pipelines have only been laid in Ponda and Tiswadi in North Goa, and in Vasco and Margao in South Goa. The coastal belt, where most of the restaurants and resorts are, has n ...Read More >
New Delhi, Mar 31 (PTI) Domestic green ammonia supply to Indian fertiliser companies under landmark contracts signed this week will not be available before 2028, as producers need to first construct new manufacturing plants, industry executives said on Tuesday. Five fertiliser companies -- IFFCO, Coromandel International, Paradeep Phosphates (PPL), Ostwal and Indorama India -- on Monday signed 10-year agreements to procure 6.7 lakh tonnes of green ammonia annually from five domestic producers u ...Read More >
NTPC, India's largest integrated power utility, has proposed setting up a nuclear power plant in Uttar Pradesh, identifying three potential sites as part of its push to expand non-fossil fuel capacity, officials said on Monday. Diwakar Kaushik, regional executive director (North), NTPC Limited, said at a press conference that the final decision on the site will rest with the state government after feasibility assessments and clearances. The three sites identified are in Prayagraj, Lalitpur and ...Read More >
UP Nuclear Power Plant: In a significant move aimed at strengthening long-term energy security, NTPC Limited is exploring the possibility of setting up a nuclear power plant in Uttar Pradesh. The initiative comes amid rising electricity demand and the need for cleaner, sustainable energy sources. Senior officials of NTPC confirmed that preliminary discussions and feasibility assessments are currently underway. Key factors such as land availability, water resources, environmental impact, and reg ...Read More >
New Delhi, March 31 (SocialNews.XYZ) The International Monetary Fund (IMF) has said the ongoing US-Israel and Iran war could shape the global economy in different ways -- all roads leading to higher prices and slower growth. The IMF said the war in the Middle East is upending lives and livelihoods in the region and beyond. "It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises. The shock is global, yet asymmetric. Energy i ...Read More >
Petroleum minister Hardeep Singh Puri said the move reflects a renewed push to unlock domestic resources. "With OALP Round-XI now live, we unlock vast frontiers beneath our land and seas -- powering growth, resilience, and self-reliance," he said. India on Monday opened up 21 oil and gas blocks covering 80,228 square kilometres under a fresh exploration round, even as state-run Oil And Natural Gas Corporation has started gas production from a key offshore project, marking a twin push to boost d ...Read More >
New Delhi [India], March 30 (ANI): Samajwadi Party MP Dimple Yadav on Monday raised concerns over the use of ethanol-blended fuel, questioning its potential impact on vehicle engines and seeking clarity from the government on safeguards for consumers. Speaking to reporters on the issue, Yadav said that while the government is promoting ethanol-mixed fuel, there are apprehensions regarding possible "damage" to the engines of vehicles. "The government is advising the use of ethanol-mixed fuel, b ...Read More >
The effective closure from the Iran war of the Strait of Hormuz -- the critical chokepoint for roughly 20% of the world's oil and liquefied natural gas -- is in its fifth week with no clear signs of resolving. For Asia, which buys more than 80% of the crude and LNG that flows through the narrow waterway, the consequences have been swift: severe fuel shortages, export bans, and government budgets stretched to the breaking point. The crisis is forcing Asia to look both backward and forward simult ...Read More >
India was turning green. Black was out, and so was an era of crude energy sources, even if refined adequately, and used as liquefied gas. Yet, the shine on coal, the black gold, has intensified in the past few weeks. Thanks to huge global shortages in crude oil, and gas, including LNG (liquefied natural gas), India, along with other nations, is re-focusing energy security. It demands a back-to-black tactics, and giving green a breather, even as the future of fossil fuels seems iffy. Black is in, ...Read More >
New Delhi: India is likely to offer 21 blocks for prospecting of oil and natural gas in the next bidding round under Open Acreage Licensing Policy (OALP), Directorate General of Hydrocarbons (DGH) said. The area to be offered for bidding is about 80,235 square kilometers. DGH mentioned a list of the 21 blocks that will be offered in the 11th round of OALP (OALP-XI). The GDH has invited companies to bid for the exploration, development, and monetization of 21 Oil and Gas blocks likely to contain ...Read More >
Mumbai, March 30: Indian stock markets ended the last trading session of fiscal year 2026 on a weak note, dragged down by rising global tensions due to the ongoing Middle East conflict. The prolonged war has raised concerns about economic growth and inflation, leading to heavy selling across equities. The benchmark Nifty fell sharply by 2.14 per cent, or 488.20 points, to close at 22,331.40. Similarly, the Sensex dropped 2.22 per cent, or 1,635.67 points, ending the session at 71,947.55. Commen ...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 ...Read More >
Mumbai, March 30 (SocialNews.XYZ) Indian stock markets ended the last trading session of fiscal year 2026 on a weak note, dragged down by rising global tensions due to the ongoing Middle East conflict. The prolonged war has raised concerns about economic growth and inflation, leading to heavy selling across equities. The benchmark Nifty fell sharply by 2.14 per cent, or 488.20 points, to close at 22,331.40. Similarly, the Sensex dropped 2.22 per cent, or 1,635.67 points, ending the session at ...Read More >
Dr. Prashant Prabhakar Deshpande has post-graduated in Economics with a Gold Medal in 1976 and was awarded a Ph.D in Social Sciences from Nagpur University in 2007. Agriculture is the backbone of India's rural economy employing nearly half of the country's workforce and supporting food security for over 1.4 billion people. However, the farmers' community continues to face: * Rising input costs; * Erratic electricity supply, and; * Increasing climate risks. In this context, Solar energy, par ...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 ne ...Read More >
MUMBAI: After cities such as Bengaluru and Chennai, restaurants and hotels in Mumbai and Pune are facing a shortage of cooking gas cylinders due to the ongoing conflict in West Asia. If the shortage continues, nearly 50 percent of hotels in Mumbai may be forced to shut down. In Chennai, several hotels have begun reducing the number of dishes on their menus following the LPG shortage. In Bengaluru also, hotels have reportedly trimmed their operations in the wake of cooking gas shortage. Meanwh ...Read More >
Guwahati, March 11 (SocialNews.XYZ) Assam Chief Minister Himanta Biswa Sarma on Wednesday assured that there is no shortage of cooking gas in the state amid concerns over a possible supply disruption in India due to the escalating conflict between Israel and Iran. Speaking to reporters here, Sarma said the state government has been closely monitoring the situation following reports of a potential LPG supply crisis triggered by the tensions in West Asia. "There is no shortage of cooking gas in ...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 i ...Read More >
New Delhi, Mar 2 (PT) Asian countries are the most at risk from oil and gas supply disruptions in the Strait of Hormuz, with Japan facing the highest risk, followed by South Korea and India, according to international research group Zero Carbon Analytics. The Strait of Hormuz lies between Iran and Oman on the Arabian Peninsula and connects the Persian Gulf with the Arabian Sea. The shipping lanes in the strait are only two miles wide in each direction, but around 20 per cent of the world's oil ...Read More >
Atsuya Technologies (enterprise operations), SatSure (farm risk), Wysa (mental health), and Intello Labs (crop grading) were among those selected for the AI for ALL Global Impact Challenge, one of the three flagship competitions that are part of the India AI Impact Summit, 2026. The three challenges -- AI for ALL, AI by HER, and YUVAi -- together received over 4,650 applications from more than 60 countries. The AI for ALL track alone saw over 1,350 applications globally, with the top 20 selecte ...Read More >
The demerger is designed to create independent, sector-focused companies with their own balance sheets and leadership teams. Management believes that this will allow each business to pursue tailored growth strategies, attract specialised investors and be valued more accurately by the market. The approval by National Company Law Tribunal (NCLT) of Vedanta Ltd's long-awaited demerger plan on Tuesday, marks a defining moment for one of India's largest natural resources conglomerates. The tribunal' ...Read More >
Under this partnership, Google will procure the project's energy attributes, such as carbon credits from ReNew, a company statement said. This long-term procurement is essential for the bankability of the project, and will also help Google make progress towards addressing its value chain emissions. Decarbonisation solutions company ReNew Energy Global Plc on Tuesday said it has partnered with technology giant Google for the development of a 150-megawatt (MW) solar project in Rajasthan. Under t ...Read More >
New Delhi [India], December 17 (ANI): Minister of State (Independent Charge) for Science and Technology and Atomic Energy Jitendra Singh on Wednesday addressed questions raised by Opposition MPs regarding the recently tabled 'The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill, 2025'. Taking part in the debate in Lok Sabha on Wednesday, Singh said that certain Opposition MPs were pushing "contradictory" facts and statements. He said that a lot of provisions ...Read More >
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