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New Delhi, Apr 2 (PTI) India's annual defence exports touched an all-time high of Rs 38,424 crore in the financial year 2025-26, marking more than 62 per cent growth over the previous fiscal year, Defence Minister Rajnath Singh said on Thursday. The "big jump" in the defence exports reflected the growing "global trust" in India's indigenous defence capabilities, Singh said in a social media post, adding that the country is "scripting an impressive defence exports success story". "India defence ...Read More >
New Delhi: Power Finance Corporation (PFC), the state-owned Maharatna power sector lender, announced a significant change to its Board of Directors following the resignation of Shri Bhaskar Bhattacharya from his position as an Independent Director. In a regulatory filing submitted to the BSE and NSE on April 2, 2026, the company revealed that Bhattacharya tendered his resignation via email on April 1, 2026. The move comes as a strategic step for the director, who is transitioning from corporate ...Read More >
Amid ongoing global energy supply disruptions, state-run oil marketing companies on Wednesday raised prices of commercial LPG and aviation turbine fuel (ATF), marking a significant increase across key fuel segments. The price of a 19kg commercial LPG cylinder was hiked by ₹195.5, taking the rate in Delhi from ₹1,883 on March 7 to ₹2,078.50 on Wednesday, a 10.4% increase. Commercial LPG is widely used by hotels, hostels and restaurants, and this is the second price hike in less than a month ...Read More >
New Delhi, April 2 (UNI) India's defence exports in the financial year 2025-26 hit an all-time high of Rs 38,424 crore, registering a massive rise of 62.66pc by Rs 14,802 crore. The exports in the previous fiscal year was Rs 23,622 crore. Defence Public Sector Undertakings (DPSUs) and the private sector have contributed 54.84% and 45.16pc respectively, as per data shared by the Ministry of Defence. DPSUs' exports surged by 151 pc compared to the previous year, with private firms showcasing the ...Read More >
Bengaluru: Private fuel retailers Nayara Energy and Shell have increased petrol and diesel prices across major Indian cities, including Bengaluru in Karnataka, triggering fresh concern among consumers already grappling with rising living costs. The hike comes at a time when global crude oil prices are surging due to escalating geopolitical tensions in West Asia, even as public sector oil companies, owned by the Karnataka government, continue to hold retail prices steady. In Bengaluru, petrol p ...Read More >
NEW DELHI: Defence minister Rajnath Singh on Thursday said that India's defence exports hit a record Rs 38, 424 crore in FY 2025-26, registering a 62.66% sharp surge over the previous fiscal year.The figure marks a rise of Rs 14,802 crore from Rs 23,622 crore recorded in 2024-25, reflecting strong growth in India's defence manufacturing and export capabilities.Highlighting the milestone, Singh credited the leadership of Prime Minister Narendra Modi and said the growth underscores rising global c ...Read More >
New Delhi, April 2 (SocialNews.XYZ) The government's calibrated 8.5 per cent hike in aviation turbine fuel (ATF) prices for domestic airlines may offer short-term relief to oil marketing companies (OMCs), according to analysts. Analysts at global brokerage firm Nomura have estimated that state-owned fuel retailers continue to lose heavily on ATF sales amid a war-driven surge in global oil prices. At current prices, the brokerage has estimated that OMCs are losing around Rs 64 per litre on dome ...Read More >
New Delhi: Defence exports have touched an all-time high of Rs 38,424 crore in the Financial Year (FY) 2025-26, marking a massive rise of Rs 14,802 crore (62.66%) over the previous fiscal year's figure of Rs 23,622 crore. In this landmark milestone, Defence Public Sector Undertakings (DPSUs) and the private sector have contributed 54.84% and 45.16% respectively. This accomplishment of the Indian defence industry is in line with the Prime Minister Shri Narendra Modi's vision to position India amo ...Read More >
India's defence exports in the Financial Year (FY) 2025-26 reached a record Rs 38,424 crore, registering a 62% year-on-year increase over the previous fiscal year's figure of Rs 23,622 crore. Defence Public Sector Undertakings (DPSUs) and the private sector contributed 54.84% and 45.16% in registering the feat. Defence Minister Rajnath Singh lauded the Department of Defence Production, Indian defence exporters and asserted that India is marching ahead towards becoming a global manufacturing hub ...Read More >
New Delhi, Apr 2 (PTI) India's annual defence exports touched an all time high of Rs 38,424 crore in the financial year 2025-26, marking an over 62 per cent growth over the previous fiscal, Defence Minister Rajnath Singh said on Thursday. The "big jump" in the defence exports reflected the growing "global trust" in India's indigenous defence capabilities, Singh said in a social media post, adding the country is "scripting an impressive defence exports success story." "India defence exports have ...Read More >
New Delhi, April 2 (SocialNews.XYZ) In a significant development, defence exports surged to an all-time high of Rs 38,424 crore in the financial year 2025-26, marking a 62.66 per cent rise from previous fiscal's Rs 23,622 crore exports figures, the government said on Thursday. Defence Public Sector Undertakings (DPSUs) and the private sector contributed 54.84 per cent and 45.16 per cent, respectively. This accomplishment of the Indian defence industry is in line with the Prime Minister Narendr ...Read More >
The temporary easing of U.S. sanctions on Russian crude has rapidly redrawn global oil flows, with India stepping back in as the dominant buyer of previously distressed barrels. Even as overall imports are about to ease seasonally, Russian volumes into Asia are surging -- tightening the market and pushing Urals to a rare $8/bbl premium over Brent. Washington's March 12 decision to allow sales of oil already loaded onto tankers had an immediate impact. Almost all of Russia's floating storage was ...Read More >
Mumbai: Stock markets closed nearly 2 per cent higher on Wednesday, with the Sensex and Nifty rallying in tandem with global peers amid hopes of de-escalation in the West Asia conflict. Starting the new fiscal year on a high note, the 30-share BSE Sensex jumped 1,186.77 points or 1.65 per cent to settle at 73,134.32. During the day, it surged 2,017.03 points or 2.80 per cent to 73,964.58. Snapping its two-day falling streak, the 50-share NSE Nifty climbed 348 points or 1.56 per cent to end at 2 ...Read More >
New Delhi: Aviation turbine fuel (ATF) prices for domestic airlines were raised by a calibrated 8.5 per cent on Wednesday, instead of more than doubling as warranted by a war-driven surge in global oil prices, even as rates for commercial LPG and premium petrol were also increased amid firm energy trends. ATF or jet fuel for domestic carriers was hiked by Rs 8,289.04 per kilolitre, or 8.56 per cent, to Rs 1,04,927.18 per kl from Rs 96,638.14 per kl last month, according to state-owned oil firms. ...Read More >
NEW DELHI: The price of commercial LPG cylinders rose by over 10% on Wednesday, from Rs 1,883 to Rs 2,078 in the national capital, reflecting the surge in global gas prices amid the military conflict in energy-rich West Asia.The 19-kg LPG cylinder is largely used by industries and eateries, and domestic consumers, who use 14.2-kg cylinders, will not see an increase, with govt and oil retailers bearing the burden.For commercial cooking gas, this is the third increase in the past month - the price ...Read More >
Mumbai: The Reserve Bank of India (RBI) late Wednesday tightened its foreign exchange regulations prohibiting banks from offering non-deliverable forward (NDF) contracts to clients, reinforcing measures taken late last week to support the rupee that last fiscal lost the most in 14 years against the US dollar. The new rules could dent banks and large corporate treasuries, experts said. The regulator said banks cannot offer NDF contracts involving the rupee, which lost nearly 10% in FY26, to resi ...Read More >
NEW DELHI, April 1: India witnessed a historic surge in Aviation Turbine Fuel (ATF) prices on Wednesday, driven by soaring global crude rates amid the ongoing West Asia conflict. Domestic airlines will face an 8.5% increase, while foreign carriers, non-scheduled, charter, and adhoc operators will see a massive 114.5% hike, pushing ATF to a record Rs 2,07,341 per kilolitre -- the first time it has crossed the Rs 2 lakh mark. The sharp rise comes as global energy supply chains face disruptions, ...Read More >
Mumbai: India's equity indices rebounded on Wednesday, tracking the overnight rise on Wall Street, as hopes of a resolution of the West Asia conflict sparked a decline in oil prices. Iranian President Masoud Pezeshkian signalled willingness to end its war with the US and Israel, while US President Donald Trump said hostilities would be over in a few weeks, sending Brent crude tumbling below $100 a barrel briefly and triggering an equity rally. Still, optimism remains fragile with investors wary ...Read More >
Mumbai, April 1: Stock markets closed nearly 2 per cent higher on Wednesday, with the Sensex and Nifty rallying in tandem with global peers amid hopes of de-escalation in the West Asia conflict. Starting the new fiscal year on a high note, the 30-share BSE Sensex jumped 1,186.77 points or 1.65 per cent to settle at 73,134.32. During the day, it surged 2,017.03 points or 2.80 per cent to 73,964.58. Snapping its two-day falling streak, the 50-share NSE Nifty climbed 348 points or 1.56 per cent t ...Read More >
New Delhi: Prices of commercial liquefied petroleum gas (LPG) were hiked by Rs 195.50 on Wednesday, on back of surge in global oil prices linked to the widening West Asia conflict. A 19-kg commercial LPG now costs Rs 2,078.50 in Delhi, according to state-owned oil companies. Rates were last increased by Rs 114.5 per 19-kg cylinder on March 1. Domestic cooking gas LPG rates, which were last hiked by Rs 60 per 14.2-kg cylinder on March 7, remain unchanged. It costs Rs 913 per 14.2-kg cylinder in ...Read More >
NEW DELHI, 1 Apr: The Congress on Wednesday launched a scathing attack on the government over the rise in prices of certain essential commodities, alleging that the Modi government has completely "destroyed" the country's strategic and economic policies. Congress president Mallikarjun Kharge said while the common citizens are hoping for relief, the BJP leadership remains entirely focused on "looting the public and plundering the nation amidst this crisis." In a post in Hindi on X, Kharge said, ...Read More >
New Delhi: Oil marketing companies on Wednesday scaled back a move to sharply raise jet fuel rates, with the Centre permitting only a partial increase in rates despite the Iran war triggering a surge in global oil prices. The rare move of government intervention is expected to potentially help avert a spike in domestic airfares just ahead of elections in some states later this month and the peak summer travel season. "In order to insulate the domestic travel costs from the substantial increase ...Read More >
A 19-kg commercial LPG now costs Rs 2,078.50 in Delhi, according to state-owned oil companies. Prices of commercial LPG were hiked by Rs 195.50 on Wednesday, on back of surge in global oil prices linked to the widening West Asia conflict. A 19-kg commercial LPG now costs Rs 2,078.50 in Delhi, according to state-owned oil companies. Rates were last increased by Rs 114.5 per 19-kg cylinder on March 1. Domestic cooking gas LPG rates, which were last hiked by Rs 60 per 14.2-kg cylinder on March ...Read More >
New Delhi, Apr 1 (PTI) The country's largest airline IndiGo on Wednesday announced revised fuel charges ranging from Rs 275 to Rs 10,000, which will push airfares higher for many domestic and international flights amid the rise in jet fuel prices. The announcement from the country's largest airline comes on a day when the Aviation Turbine Fuel (ATF) prices were revised, and the government decided to only partially hike the price by 25 per cent for the domestic flights. From March 14 onwards, t ...Read More >
Kolkata: State-owned Indian Bank said its gross advances grew 13.6% year-on-year to Rs 6.68 lakh crore at the end of March while deposit mobilisation rose 12.6% to Rs 14.98 lakh crore. Four south-based private banks, which updated quarterly business numbers Monday, also saw their gross advances growth outpacing deposit expansion, in line with the industry trend. The Chennai-headquartered Indian Bank said that its advances grew largely on account of lending to retail, agriculture and micro smal ...Read More >
The prices of aviation turbine fuel (ATF), or jet fuel, have seen a spike, though not as steep as reported earlier, following a clarification from Indian Oil Corporation. Reports had earlier suggested that ATF prices had more than doubled to over ₹2 lakh per kilolitre in Delhi, driven by a surge in global crude oil prices amid escalating tensions in West Asia. Advertisement However, Indian Oil has now clarified that ATF prices have risen by about 8.5%, not 115% as previously indicated. The cu ...Read More >
New Delhi, Apr 1 (PTI) Aviation stocks were in the limelight on Wednesday, with InterGlobe Aviation climbing 6 per cent, after only a partial increase in jet fuel prices. InterGlobe Aviation, the parent firm of IndiGo, after starting the trade on a positive note, further jumped 9.84 per cent to Rs 4,332 during the day on the BSE. The stock finally ended at Rs 4,180.90, up 6.01 per cent. The stock of SpiceJet ended at Rs 9.93, up 1.95 per cent. During the day, it surged 4.72 per cent to Rs 10.2 ...Read More >
Comptroller and Auditor General (CAG) report, tabled by chief minister Sukhvinder Singh Sukhu for the financial year 2024-25 pointed out that state's total debt and liabilities crossed the ₹1 lakh crore mark for the first time. Emphasising on the urgent need for stronger monitoring systems, timely compliance, and reforms to ensure financial discipline and effective governance in the state, the report reveals that the overall liabilities of the state stood at ₹1,04,410 crore as on March 31, 2 ...Read More >
Bhubaneswar: Seven state public sector enterprises (SPSEs) incurred a loss of Rs 794.98 crore during FY 2022-23, up from Rs 453.11 crore in FY 2021-22, the Comptroller and Auditor General of India (CAG) said Tuesday. The CAG audited the financial performance of the SPSEs for the financial year 2022-23 and mentioned its findings in a report, which was tabled in the Assembly Tuesday. "Of the 29 SPSEs audited, seven incurred a loss of Rs 794.98 crore during the 2022-23. These seven SPSEs had incur ...Read More >
New Delhi, Apr 1 (PTI) Aviation turbine fuel (ATF) prices for domestic airlines were raised by a calibrated 8.5 per cent on Wednesday, instead of more than doubling as warranted by a war-driven surge in global oil prices, even as rates for commercial LPG and premium petrol were also increased amid firm energy trends. ATF or jet fuel for domestic carriers was hiked by Rs 8,289.04 per kilolitre, or 8.56 per cent, to Rs 1,04,927.18 per kl from Rs 96,638.14 per kl last month, according to state-own ...Read More >
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