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India's petroleum sector remains well supplied with LPG and crude inventories even amid the current geopolitical uncertainties, said Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas. Addressing a press conference on Thursday, Sharma said, "As you are aware, LPG supply has been affected due to the present geopolitical situation, and nearly 60% of the country's LPG requirement is met through imports. In view of this, domestic consumers have been prioritised, and 100% su ...Read More >
New Delhi: India's petroleum sector remains resilient despite ongoing geopolitical tensions impacting global energy supply chains, with the government asserting that domestic LPG and fuel availability remains stable and well-managed. Addressing a press briefing on Thursday, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said that while international disruptions have affected imports, the government has taken proactive steps to shield domestic consumers. "Nearly 60 ...Read More >
New Delhi [India], April 9 (ANI): The Centre on Thursday said it has intensified monitoring of LPG supply across the country, conducting over 1.16 lakh raids so far and suspending around 53 LPG distributors for violations, even as it maintained that there is no shortage of domestic LPG. Speaking during the daily Inter-Ministerial Briefing on developments in West Asia, Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, said strict enforcement measures are being undertaken to ...Read More >
New Delhi [India], April 9 (ANI): The Centre on Thursday said it has intensified monitoring of LPG supply across the country, conducting over 1.16 lakh raids so far and suspending around 53 LPG distributors for violations, even as it maintained that there is no shortage of domestic LPG. Speaking during the daily Inter-Ministerial Briefing on developments in West Asia, Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, said strict enforcement measures are being undertaken to ...Read More >
New Delhi, [India] April 9 (ANI): The US-Iran ceasefire signals "the beginning of an off-ramp" after weeks of intense hostilities, but it does not mark a definitive end to the conflict or a structural turning point for India, cautioned global brokerage firm Bernstein in its recent report. In its latest India strategy report, Bernstein said, "Is this the end of the conflict? Probably not. Is this the end of the crazy period of escalations? We think yes," indicating expectations of near-term de-e ...Read More >
New Delhi, [India] April 9 (ANI): The US-Iran ceasefire signals "the beginning of an off-ramp" after weeks of intense hostilities, but it does not mark a definitive end to the conflict or a structural turning point for India, cautioned global brokerage firm Bernstein in its recent report. In its latest India strategy report, Bernstein said, "Is this the end of the conflict? Probably not. Is this the end of the crazy period of escalations? We think yes," indicating expectations of near-term de-e ...Read More >
The decision comes amid efforts to ensure stable supply of LPG for industries. ShowQuick Read Summary is AI-generated, newsroom-reviewed * The government directed states to allocate more LPG to key industrial sectors amid supply disruptions * Major industries will receive 70% of LPG based on pre-March 2026 consumption levels * Sectors like pharma, food, polymer, and agriculture will benefit from increased LPG supply Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Informal Group of Ministers (IGoM), chaired by Defence Minister Rajnath Singh, held its third meeting to assess India's readiness in the face of the evolving situation in West Asia. The high-powered group reviewed measures to ensure energy security, food supply stability, and overall economic resilience. Defence Minister Rajnath Singh directed all ministries to remain vigilant and focus on preparedness, coordination, and resilience building. He stated t ...Read More >
Jaipur: In a major boost to the Rajasthan economy, Prime Minister Narendra Modi will inaugurate the first phase of the HPCL Rajasthan Refinery in Balotra district on April 21. Chief Minister Bhajan Lal Sharma informed this on X on Tuesday late at night. The scheduled commercial operation date of the project is July 1st, 2026. At the same time, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Modi on Wednesday, has approved the revision of HPCL Rajasthan Refinery Limited (HRR ...Read More >
New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the revision of the HPCL Rajasthan Refinery Limited (HRRL) project cost from Rs 43,129 crore to Rs 79,459 crore and additional equity investment of Rs 8,962 crore by the Hindustan Petroleum Corporation Limited (HPCL). The total equity investment of HPCL after the increment will be Rs 19,600 crore, according to an official statement. HRRL is a 9 million metric tonnes per a ...Read More >
New Delhi, Apr 8 (PTI) Shares of oil marketing companies rallied on Wednesday, with HPCL surging nearly 10 per cent, as crude oil prices retreated sharply to fall below the USD 100-mark after the US and Iran announced a two-week ceasefire. Brent crude, the global oil benchmark, dropped 15.16 per cent to USD 92.54 per barrel. The stock of Hindustan Petroleum Corporation Ltd (HPCL) zoomed 9.93 per cent to settle at Rs 364.30 on the BSE. Shares of Bharat Petroleum Corporation Ltd (BPCL) jumped 7 ...Read More >
New Delhi, Apr 8 (PTI) Aviation stocks ended sharply higher on Wednesday following a steep decline in crude oil prices after the US and Iran announced a two-week ceasefire. Easing of geopolitical stress led to a sharp fall in Brent crude oil prices, which tumbled 14.12 per cent to USD 93.95 per barrel. InterGlobe Aviation, the parent firm of IndiGo, jumped 8.16 per cent to settle at Rs 4,616.60 on the BSE. During the day, it zoomed 10.98 per cent to Rs 4,737.40. The stock of SpiceJet climbed ...Read More >
New Delhi, April 8: Amid rising tensions in the Middle East, the Indian government on Wednesday introduced a new formula for LPG allocation aimed at supporting critical sectors such as pharmaceuticals, food processing, and agriculture. According to the Ministry of Petroleum and Natural Gas, the revised policy will ensure bulk LPG supply to a wide range of industries, including pharma, food, polymers, agriculture, packaging, paints, steel, ceramics, glass, and aerosols. These sectors are conside ...Read More >
New Delhi, April 8 (SocialNews.XYZ) Amid rising tensions in the Middle East, the Indian government on Wednesday introduced a new formula for LPG allocation aimed at supporting critical sectors such as pharmaceuticals, food processing, and agriculture. According to the Ministry of Petroleum and Natural Gas, the revised policy will ensure bulk LPG supply to a wide range of industries, including pharma, food, polymers, agriculture, packaging, paints, steel, ceramics, glass, and aerosols. These se ...Read More >
New Delhi, Apr 6 (PTI) Jindal Steel on Monday said it has deployed syngas in galvanising and colour coating line furnaces to counter the shortage of natural gas, LPG and propane, enabling the company to sustain operations amid supply disruptions. Syngas, or synthesis gas, is a clean-burning fuel that offers a way to convert waste and biomass into valuable energy, acting as a circular energy source. The innovative switch to syngas -- produced through gasification of coal -- has allowed the comp ...Read More >
New Delhi [India], April 2 (ANI): Indian fast-moving consumer goods (FMCG) companies are expected to implement a fresh round of price increases starting in the first quarter of FY27. As per a report by Nuvama Institutional Equities, a sharp rise in crude oil prices and a weakening Rupee have significantly increased input cost pressures, ending a period of relative price stability for the sector. The report forecasts price hikes of at least 3 to 4 per cent in Q1FY27 if the current inflation in r ...Read More >
New Delhi, Apr 2 (PTI) India Inc on Thursday said the government's move to exempt import of critical petrochemical products from customs duty for three months till June 30 is a timely response to supply chain disruptions arising from the West Asia conflict which will provide relief to sectors such as textiles, packaging and pharmaceuticals. Chandrajit Banerjee, Director General, CII, said, "The Government of India's decision to grant full customs duty exemption on 40 critical petrochemical prod ...Read More >
Mumbai: India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. Also Read: India's economy shows early strain; ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. Also Read ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. The report ...Read More >
New Delhi: The Centre has exempted 40 critical petrochemical feedstocks and intermediates from customs duties until June end to shield domestic industries from supply issues caused by the Iran war, the Finance Ministry announced on Thursday. This includes vital inputs such as ammonia, which plays a key role in fertilizer production and supports India's food security needs. The ministry described the action as a "targeted relief" aimed at guaranteeing the steady flow of essential petrochemicals ...Read More >
NEW DELHI: The Centre has exempted 40 critical petrochemical feedstocks and intermediates from duties to cushion domestic industry from supply disruptions triggered by the Iran war, the finance ministry said on Thursday. The relief, which will be in place until end-June, covers key inputs such as ammonia used in fertilizer production, a critical component for food security. The ministry described the move as a "targeted relief" aimed at ensuring the availability of essential petrochemical inpu ...Read More >
NEW DELHI: India's real GDP growth for the next fiscal could erode by around 1 percentage point, while retail inflation could rise by about 1.5 percentage points from their baseline estimates if the West Asia conflict persists through the next fiscal, an EY report said. The EY Economy Watch report said that several sectors, including employment-intensive sectors like textiles, paints, chemicals, fertilizers, cement and tires, could be directly impacted. Any reduction in employment or incomes i ...Read More >
Rebranding move: JSW integrates Dulux into its paints portfolio. (Editorial image) Akzo Nobel India has officially been renamed JSW Dulux after receiving regulatory clearance, marking the final step in its transition following JSW Paints' acquisition of a controlling stake. NEW DELHI, March 12, 2026 -- Paints and coatings maker Akzo Nobel India has received approval from the Ministry of Corporate Affairs to change its corporate name to JSW Dulux Ltd. The MCA issued a fresh certificate of inco ...Read More >
New Delhi, Nov 4 (PTI) Berger Paints India Ltd on Tuesday reported 23.53 per cent decline in consolidated net profit at Rs 206.38 crore for September quarter FY26, on account of lower sales of exterior products and increased investments in brand building. The company had posted a net profit of Rs 267 crore in the July-September period a year ago, according to a regulatory filing from Berger Paints India. However, revenue from operations was up 1.9 per cent to Rs 2,827.49 crore in September qua ...Read More >
New Delhi: Tiger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between Rs 4,500 crore and Rs 5,500 crore with market regulator Sebi using the confidential pre-filing route, market sources said on Wednesday. The proposed IPO would be a combination of a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders, they added. The filing has been made under Sebi's confidential or pre-filing route, which allows compa ...Read More >
New Delhi, Oct 1 (PTI) Tiger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between Rs 4,500 crore and Rs 5,500 crore with market regulator Sebi using the confidential pre-filing route, market sources said on Wednesday. The proposed IPO would be a combination of a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders, they added. The filing has been made under Sebi's confidential or pre-filing route, which ...Read More >
Surat's upcoming Bullet Train station is meticulously designed for passenger comfort, convenience, and multi-modal integration, featuring soothing interiors, natural light, and accessibility for all. Inspired by the city's diamond industry, its construction is progressing rapidly, with structural work complete and finishing touches underway, marking a significant boost in connectivity for the region. Surat is set to witness a major boost in growth and connectivity with the upcoming Bullet Train ...Read More >
Surat (Gujarat) [India], September 27 (ANI): Surat is set to witness a major boost in growth and connectivity with the upcoming Bullet Train station. The station has been thoughtfully designed with a strong focus on passenger comfort and convenience. Soothing interiors, natural lighting through skylights, and well-ventilated platforms will ensure a calm and pleasant travel experience.The station is equipped with modern passenger amenities like a waiting lounge, nursery, restrooms, retail outlets ...Read More >
Surat (Gujarat) [India], September 27 (ANI): Surat is set to witness a major boost in growth and connectivity with the upcoming Bullet Train station. The station has been thoughtfully designed with a strong focus on passenger comfort and convenience. Soothing interiors, natural lighting through skylights, and well-ventilated platforms will ensure a calm and pleasant travel experience. The station is equipped with modern passenger amenities like a waiting lounge, nursery, restrooms, retail outle ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.