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Sales of induction cooktops and electric kettles have surged in the wake of cooking gas supply concerns due to the war in West Asia, according to industry players. The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and compatible utensils amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official said. The crisis has disrupted the movement of ships carrying oil and ...Read More >
Hyderabad (Telangana) [India], April 3 (ANI): Telangana Industries Minister D. Sridhar Babu on Thursday said that global developments such as US tariff measures and the ongoing West Asia conflict are impacting the textile industry, and stressed the need for India to focus on its large domestic market to sustain growth. Speaking to the media at the 13th Asian Textile Conference (ATEXCON 2026), the minister highlighted that the textile sector was among the first to be affected by rising trade bar ...Read More >
Telangana Industries Minister D. Sridhar Babu said global issues like US tariffs and West Asia conflict are impacting the textile industry. He urged a focus on India's large domestic market to sustain growth, leveraging local skills and technology. Telangana Industries Minister D. Sridhar Babu on Thursday said that global developments such as US tariff measures and the ongoing West Asia conflict are impacting the textile industry, and stressed the need for India to focus on its large domestic m ...Read More >
Hyderabad (Telangana) [India], April 3 (ANI): Telangana Industries Minister D. Sridhar Babu on Thursday said that global developments such as US tariff measures and the ongoing West Asia conflict are impacting the textile industry, and stressed the need for India to focus on its large domestic market to sustain growth. Speaking to the media at the 13th Asian Textile Conference (ATEXCON 2026), the minister highlighted that the textile sector was among the first to be affected by rising trade bar ...Read More >
New Delhi: The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and compatible utensils amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official said. The crisis has disrupted the movement of ships carrying oil and gas through the Strait of Hormuz, raising concerns over cooking gas supplies and prompting people to rush to buy induction heaters and compatible utensils ...Read More >
New Delhi, Apr 3 (PTI) The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and compatible utensils amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official said. The crisis has disrupted the movement of ships carrying oil and gas through the Strait of Hormuz, raising concerns over cooking gas supplies and prompting people to rush to buy induction heaters and compati ...Read More >
The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) completes four years since its signing today, marking an important milestone in the evolving economic partnership between India and Australia, stated the Ministry of Commerce & Industry. Since its signing on April 2 2022, the Agreement has played a pivotal role in enhancing trade flows, fostering industry linkages, and creating new opportunities for businesses, entrepreneurs, and employment in both countries. Trade grow ...Read More >
Paradip (Odisha) [India], April 2 (ANI): The Paradip Port Authority (PPA) achieved a historic milestone by joining the elite '155+ Million Metric Tonnes (MMT) Club.' The port recorded its highest-ever cargo throughput of 156.45 MMT during FY 2025-26, marking a 4.01% growth compared to the previous financial year. This performance stands as the best in the port's history since it first became operational in 1966. Despite challenging market conditions, such as a decline in export demand for iro ...Read More >
New Delhi: The government on Thursday exempted customs duty on select critical petrochemical products for three months till June 30, aiming to cushion domestic industries from supply disruptions triggered by the ongoing West Asia conflict. Describing the move as a "temporary and targeted relief", the Finance Ministry said it will help ensure availability of key inputs, reduce cost pressures and maintain supply chain stability. The measure is expected to cost the exchequer about Rs1,800 crore. ...Read More >
BENGALURU: Amid concerns over geopolitical tensions in West Asia affecting the supply of raw materials, the state agriculture department has taken steps to ensure adequate availability of fertilisers for the 2026 kharif season. Under the supervision of Agriculture Minister N Chaluvarayaswamy, the department has put in place measures to prevent shortages and curb the misuse of subsidised fertilisers. The Centre has allocated 30.05 lakh tonnes of fertilisers to Karnataka, of which 11.42 lakh tonn ...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, April 2: The government on Thursday exempted import of critical petrochemical products from customs duty for three months till June 30, giving relief to sectors like pharmaceuticals, chemicals and textiles, and ensuring supply stability amid the ongoing West Asia crisis. The "temporary and targeted relief" will cost the exchequer about Rs 1,800 crore, but help ensure price stability, continuity in production and supply chain, CBIC Member (Tax Policy), Sanjay Mangal told reporters at ...Read More >
A man lost his life and a 13-year-old girl sustained critical injuries in an explosion at an "illegally run" firecracker manufacturing unit inside a house on the outskirts of Jodhan village on Tuesday evening, police said. The deceased has been identified as Kaif Shah. The injured girl is Alisha, they said. According to police officials, nearly 15 people were on the premises at the time of the blast. While most managed to escape unhurt, two persons were trapped under the debris. The injured gir ...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 >
New Delhi, Apr 2 (UNI) The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) has emerged as a key pillar of bilateral engagement, delivering tangible benefits for businesses, MSMEs, workers, and consumers in both countries, according to a Ministry of Commerce statement here on Thursday. Marking four years since its signing today, this pact is an important milestone in the evolving economic partnership between India and Australia. Since the beginning of the Ind-Aus ECTA in ...Read More >
New Delhi: The Centre on Thursday exempted import of critical petrochemical products from customs duty for three months till June 30. The government, however, aims to give a huge relief to sectors such as pharmaceuticals, chemicals and textiles, among others, and ensure supply stability amid the ongoing West Asia crisis. Crucial chemicals like ammonium nitrate, methanol, and PVC for three months have been waived from import duty, starting April 2. As part of the emergency measure of the governm ...Read More >
New Delhi, Apr 2 (PTI) The government has directed oil refineries to divert a portion of the feedstock normally used for producing cooking gas (LPG) to industries affected by the ongoing petrochemical shortage, which spans sectors from packaging to condom manufacturing. The Ministry of Petroleum and Natural Gas, on April 1, directed refineries to allocate a portion of propylene to the petrochemical industry, which has been severely affected, as most feedstock has been diverted for cooking gas ( ...Read More >
April 2 (Reuters) - Indian consumer firm Marico (MRCO.NS), opens new tab on Thursday said it expects to clock double-digit year-on-year percentage growth in operating profit in the fourth-quarter, aided by stable consumer demand. The maker of Saffola oils and Parachute haircare products said it has witnessed a gradual uptick in consumption across categories after several quarters of tepid demand from customers in urban areas, following reductions in goods and services tax in September. Marico ...Read More >
Mumbai, Apr 2 (PTI) India's refined sunflower oil sales volume is expected to decline about 10 per cent in the current fiscal due to supply-chain disruptions triggered by the Middle East conflict and rising prices that are likely to drive consumers towards cheaper alternatives, a report said on Thursday. Indian refined sunflower oil volume is poised to decline 10 per cent in the current fiscal, due to twin headwinds that will dampen demand, Crisil Ratings said in a report. Firstly, supply-chai ...Read More >
New Delhi [India], April 2 (ANI): The government has allowed manufacturing units operating in Special Economic Zones (SEZs) to undertake domestic sales under a time-bound framework. Sources in the government says the notification a key budget announcement was announced to give relief to domestic industry. According to the sources, the scheme is linked to the percentage of export turnover and also factors in the date of commencement of manufacturing activity within SEZs. It has been designed as ...Read More >
New Delhi [India], April 2 (ANI): Congress Member of Parliament Manish Tewari on Thursday questioned the long-term effectiveness of the Government's decision to slash excise and customs duties, calling it a 'band-aid approach' for a much larger global energy crisis. Tewari, while speaking to the reporters, said, "... One can only manage a contingency by reducing excise and customs duty. The main point is up to what extent this band-aid approach would work, if we do not get sufficient crude oil ...Read More >
NEW DELHI - India has abolished import tax on petrochemicals used for making plastics and pharmaceutical goods after the government invoked emergency powers and diverted local chemicals for production of cooking gas due to shortages caused by the Iran war. The import tax exemption on 40 products is valid till June 30, according to a government statement on April 2. "The government's decision to grant customs duty exemption on select petrochemical products appears aimed at easing cost pressures ...Read More >
New Delhi [India], April 2 (ANI): Union Minister for Chemicals and Fertilisers JP Nadda on Thursday held discussions with Agriculture Ministers of states and Chief Ministers to review fertiliser availability, assuring them of full support amid concerns arising from the ongoing West Asia conflict, sources told ANI. The meeting comes at a critical time as global supply chains have been impacted due to ongoing geopolitical tensions in the Middle East, a key region for fertiliser imports and raw ma ...Read More >
NEW DELHI, April 2 (Reuters) - India has abolished import tax on petrochemicals used for making plastics and pharmaceutical goods after the government invoked emergency powers and diverted local chemicals for production of cooking gas due to shortages caused by the Iran war. The import tax exemption, opens new tab on 40 products is valid till June 30, according to a government statement on Thursday. "The government's decision to grant customs duty exemption on select petrochemical products ap ...Read More >
The government on Thursday (April 2, 2026) exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. On global tensions and India's ...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 >
Silicon Sanand: PM Modi Accelerates India's Global Chip Ambitions With Inauguration of New Second Semiconductor Unit Thursday, April 02, 2026 by Indian Defence News Prime Minister Narendra Modi has formally inaugurated India's second major semiconductor facility in Sanand, Gujarat, marking a significant acceleration in the nation's journey towards technological self-reliance. This new facility, operated by Kaynes Semicon, represents a strategic cornerstone of the India Semiconductor Mission an ...Read More >
New Delhi [India], April 2 (ANI): India's manufacturing PMI eased to 53.9 in March from 56.9 in February, according to the HSBC India Manufacturing PMI report released on Thursday. This deceleration indicated the weakest improvement in overall business conditions in nearly four years, with the headline figure slipping below its long-run average of 54.2. As per the report, the sector faced a significant cooling effect as several domestic and global headwinds converged to dampen the momentum seen ...Read More >
NEW DELHI: The government on Thursday exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. In a statement, the finance ministry ...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 >
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