Stay updated with the latest petrochemical news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on petrochemical topics.
The shockwaves of a war being fought nearly 3,000km away are now reaching India's kitchens. As the US-Israeli strikes on Iran disrupt energy shipments through the Strait of Hormuz, supplies of liquefied petroleum gas (LPG) are tightening across India, forcing restaurants to cut menus, shorten hours and in some cases shut down altogether. Social media is awash with video clips showing queues outside cooking-gas dealers across Indian cities and towns as worries over fuel supplies spread. Commerc ...Read More >
Chennai: The United States Trade Representative has initiated investigations under Section 301 of the Trade Act of 1974, on excess capacity and production in certain manufacturing sectors in India. These sectors include textiles, health, construction goods, and automotive goods. The probe can lead to new tariffs and complicate the trade deal talks. The USTR has initiated investigations under Section 301against 16 countries and economic blocs, including India. The investigation pertains to the a ...Read More >
New Delhi [India], March 12 (ANI): The Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, informed the Lok Sabha on Thursday that the country is successfully navigating the major disruption in global energy supplies following the West Asia conflict. "India has sufficient gas production and supply arrangements to sustain this position even in the event of a prolonged conflict. Power generation for every household and for industry is fully protected," Hardeep Singh Puri said. Oppos ...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 >
Gandhinagar (Gujarat) [India], March 8 (ANI): Gujarat Chief Minister Bhupendra Patel approves works worth ₹1185 crore to upgrade road infrastructure in the Surat Economic Region (SER), the growth hub of South Gujarat. Patel has resolved to realise the vision of Viksit Bharat @2047 envisioned by Prime Minister Narendra Modi, by achieving Viksit Gujarat @2047 during the Amrit Kaal. To accelerate the state's holistic development, the Chief Minister established the Gujarat State Institution for Tr ...Read More >
New Delhi [India], March 11 (ANI): Rajya Sabha MP Kapil Sibal on Wednesday acknowledged the government's decision to prioritise domestic LPG production for household use, calling it a necessary step to ensure benefits reach consumers directly. Speaking to ANI, the Rajya Sabha MP also asserted that a significant impact on Indian industries was inevitable due to the ongoing conflict between the USA, Israel, and Iran. "These are consequences, this was bound to happen, the war will continue, it wi ...Read More >
Kochi, March 11 (SocialNews.XYZ) Prime Minister Narendra Modi on Wednesday dedicated to the nation, inaugurated and laid the foundation stone for multiple development projects worth around Rs 10,800 crore in Kochi, marking a major push to infrastructure, energy and industrial growth in Kerala. Speaking after inaugurating the projects in Ernakulam, the Prime Minister said the initiatives together valued at nearly Rs 11,000 crore were being offered "with humility" to the people of Kerala and woul ...Read More >
India and the Gulf Cooperation Council (GCC) signed a joint statement on Tuesday, formally launching negotiations for a comprehensive Free Trade Agreement. The agreement was signed by Commerce Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Al Budaiwi. India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by In ...Read More >
New Delhi [India], February 24 (ANI): India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by India's Union Minister of Commerce and Industry, Piyush Goyal, and Secretary General of the Gulf Cooperation Council, Jasem Mohamed Al Budaiwi. Also Read | Maharashtra NMMS Result 2026 Out at mscenmms.in and mscepune.in: MSCE Pune ...Read More >
New Delhi [India], February 24 (ANI): India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by India's Union Minister of Commerce and Industry, Piyush Goyal, and Secretary General of the Gulf Cooperation Council, Jasem Mohamed Al Budaiwi. Taking it to social media platform X, Goyal said, "Delighted to welcome H.E. Jasem Moh ...Read More >
PM Modi is in Oman for a 2-day visit marking 70 years of India-Oman ties. The trip's central focus is the Comprehensive Economic Partnership Agreement (CEPA), a trade pact expected to double bilateral trade and boost energy and food security. In the third and final leg of his three-nation visit, Prime Minister Narendra Modi will visit Oman on December 17-18. This trip, which marks 70 years since the establishment of diplomatic ties between India and Oman, focuses on strengthening business and s ...Read More >
Patna: In a move to bolster the state's energy infrastructure, the Bihar State Power Generation Company Ltd (BSPGCL) on Tuesday signed two memorandums of understanding (MoUs) with private developers. The agreements aim to establish pumped storage power projects with a combined capacity of 2,120MW in Nawada district, involving a proposed investment of Rs 13,000 crore.GreenCo Energies Pvt Ltd is set to develop a 1,200MW pumped storage project in Ekamba village with an estimated investment of Rs 7, ...Read More >
The Bihar State Power Generation Company Limited (BSPGCL) on Tuesday signed Memoranda of Understanding (MoUs) with two private developers for the development of 2,120 MW of pumped storage projects in the state, marking a major step towards strengthening Bihar's energy security and renewable energy integration. The MoUs were signed in the presence of Hon'ble Chief Minister Shri Nitish Kumar, Deputy Chief Ministers Shri Samrat Choudhary and Shri Vijay Kumar Sinha, Energy Minister Shri Bijendra Pr ...Read More >
New Delhi [India], December 17 (ANI): In the third and final leg of his three-nation visit, Prime Minister Narendra Modi will visit Oman on December 17-18. This trip, which marks 70 years since the establishment of diplomatic ties between India and Oman, focuses on strengthening business and strategic relations between the two countries. Industry experts point to the Comprehensive Economic Partnership Agreement (CEPA) as the central point of discussion. The proposed CEPA, a major trade agreemen ...Read More >
New Delhi [India], December 17 (ANI): In the third and final leg of his three-nation visit, Prime Minister Narendra Modi will visit Oman on December 17-18. This trip, which marks 70 years since the establishment of diplomatic ties between India and Oman, focuses on strengthening business and strategic relations between the two countries. Industry experts point to the Comprehensive Economic Partnership Agreement (CEPA) as the central point of discussion. The proposed CEPA, a major trade agreemen ...Read More >
MONTREAL - Loop Industries, Inc. (NASDAQ:LOOP) announced Tuesday that its India joint venture ELITe has awarded the detailed engineering contract for its Infinite Loop India project to Toyo Engineering India Private Limited. The company, currently trading at $0.96 per share with a market capitalization of $46.36 million, is moving forward with this strategic project despite recent stock volatility. This contract represents the final engineering phase before construction begins on the facility, ...Read More >
Bhubaneswar: Odisha is poised to emerge as a major pharma hub in eastern India by manufacturing quality medicines and developing advanced devices for treatment, said Chief Minister Mohan Charan Majhi here Tuesday. Addressing the Odisha Pharma Summit 2025, Majhi said that the government is fulfilling all the requirements to make Odisha the first choice state for investors. The CM said he is also committed to developing non-traditional industries in the state. "Odisha is currently one of the best ...Read More >
Bhubaneswar: Odisha marked a major milestone in its industrial expansion with the signing of 45 Memoranda of Understanding (MoUs) worth ₹6,263 crore at the Odisha Pharma Summit 2025 in Bhubaneswar on Tuesday. The investment proposals are expected to generate 38,406 employment opportunities across the state, giving a significant boost to the pharmaceutical and medical devices sectors. The MoUs were signed in the presence of Chief Minister Mohan Charan Majhi at a programme held at Hotel Taj Vivan ...Read More >
MUMBAI : Even amid a broader market sell-off, which saw foreign portfolio investors (FPIs) pull a net ₹3,765 crore from Indian equities in November, one sector stood out: telecommunications. The outflow came after FPIs turned net buyers in October, snapping a three-month selling streak. Yet, in a striking display of selective buying, FPIs channelled ₹14,326 crore into telecom stocks alone -- their strongest monthly inflow since April 2022, according to the latest data from National Securities D ...Read More >
Bharat Petroleum Corporation Limited has signed three significant MoUs. Collaborations with Oil India Limited and Numaligarh Refinery Limited will focus on a new refinery and a major product pipeline. Another agreement with Fertilisers and Chemicals Travancore Limited aims to advance green energy projects. These partnerships signal a forward-looking approach to India's energy sector development. India's state-run Bharat Petroleum Corp on Tuesday signed three agreements at an industry event, inc ...Read More >
Hyderabad (Telangana) [India], October 28 (ANI): India's petroleum and energy sector is undergoing a transformative expansion, poised to play a defining role in shaping the global energy future, said Hardeep Singh Puri, Minister of Petroleum and Natural Gas, on Tuesday. Addressing the inaugural session of the Energy Technology Meet in Hyderabad today, he stated that India's energy journey reflects remarkable progress, driven by visionary policy frameworks, rapid innovation, and sustained invest ...Read More >
Hyderabad: Asserting that trade is not governed by any established set of rules, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said there is adequate crude oil supply in the international market and if one supply stream is disrupted there are alternative sources available. Speaking at an interactive session here, Puri said India ranks fourth globally in refining capacity, exporting refined products worth over USD 45 billion during last fiscal to 50-plus countries, a ...Read More >
RIYADH: Indian companies and business groups are stepping up efforts to tap into Saudi Arabia's growing petrochemical sector, with a focus on refining complexes, technology partnerships, and joint ventures, according to an official at the Indian Embassy in Riyadh. The move underscores the expanding economic cooperation between the two nations, with chemicals and petrochemicals forming a key pillar of bilateral trade. The partnership was further reinforced during a recent high-level meeting aime ...Read More >
The Assam government will present the T.D. Tiwari Commission report on the 1983 Nellie Massacre. This significant historical document will be tabled in the state assembly next month. The report, submitted in 1984, has remained undisclosed by successive governments. Its public release aims to shed light on a crucial period of Assam's history. Assam government has decided to table the T.D. Tiwari Commission report on Nellie Massacre of 1983 in state assembly in the assembly session next month. A ...Read More >
Andhra Pradesh Chief Minister N Chandrababu Naidu secured a Rs 100 crore investment from Sobha Group Chairman Ravi PNC Menon for a world-class library in Amaravati during his UAE tour. Naidu presented Andhra Pradesh as a premier investment hub, highlighting its strengths and growth opportunities for UAE-based firms, ahead of the CII Partnership Summit 2025. Andhra Pradesh Chief Minister N Chandrababu Naidu welcomed Rs 100 crore investment from Ravi PNC Menon, Chairman of Dubai-based Sobha Group ...Read More >
New Delhi: India and Brazil on Thursday agreed to deepen their economic engagement by expanding the scope of their Preferential Trade Agreement (PTA) under the Mercosur framework. As a part of this effort, the two countries have set a new bilateral trade target of $20 billion by 2030, up from $12 billion in 2024. At the India-Brazil Business Dialogue in New Delhi, Brazil's Vice President and Minister for Development, Industry, Trade & Services, Geraldo Alckmin, said the two nations were "comple ...Read More >
According to the latest forecast from the IMF, India's economy is set to grow by 6.6% in FY26, a testament to its solid economic backbone and adaptability. The surge in consumer spending and significant infrastructure projects are propelling this growth. The International Monetary Fund (IMF)'s recent upward revision of India's FY26 economic growth forecast to 6.6% from 6.4% earlier reflects the country's economic resilience and strong fundamentals, Commerce and Industry Minister Piyush Goyal sa ...Read More >
Mumbai, Oct 17 (PTI) Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment. However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to the previous quarter. The oil-to-retail conglomerate posted a consolidated net profit of Rs 18,165 crore in July- ...Read More >
NEW DELHI (Reuters) -Western powers have ramped up pressure on Russia's oil sales amid its war with Ukraine as U.S. President Donald Trump said India would stop buying and Britain imposed sanctions on top Russian oil firms. Ukrainian President Volodymyr Zelenskiy is schedule to meet Trump in Washington on Friday to push for military and energy support at a time when Kyiv and Moscow are escalating the war with attacks on energy infrastructure. Indian officials are also in Washington for trade t ...Read More >
NEW DELHI - Some Indian refiners are preparing to cut Russian oil imports, three sources told Reuters on Thursday, after U.S. President Donald Trump said India had given an assurance it would stop its buying to help end the war in Ukraine. India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022. Indian refiners are preparing to shift away from ...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.