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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: The domestic automotive metal forming market of India is projected to nearly double to $90-95 billion by FY30, growing at around 12 per cent annually, as global supply chain realignments drive value concentration toward process-led manufacturers, a report has said. As per Avendus Capital analysis, India's auto component industry -- casting, forging, stamping and machining -- crossed $80 billion in size in FY25 and turned a net exporter during the year, with exports reaching approxima ...Read More >
New Delhi [India], April 2 (ANI): Union Commerce and Industry Minister Piyush Goyal on Thursday asserted that India is pushing for "preferential access" and the "best possible deal" in its ongoing trade engagement with the United States, underlining that the country is currently in a "very sweet spot" among emerging economies. "Our approach is that India should get preferential access, market access and, having got the best deal compared to any of our competitors or any other emerging or develo ...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 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: India's push to become a global electronics powerhouse is gaining momentum, with the Semicon India Programme driving the creation of a full-fledged semiconductor ecosystem from design to manufacturing. Launched in 2022, the programme aims to build capabilities across the entire value chain, including chip design, fabrication, assembly, testing and packaging. In just four years, the government has approved 10 semiconductor projects with a combined investment commitment of around Rs 1. ...Read More >
As the West Asia war entered its fifth week, the government on Wednesday implemented concessions for Special Economic Zones (SEZs) announced during the Union Budget 2026-27. SEZ manufacturers have been facing pressures amid global geopolitical tensions and the US tariff impact from last year. This "one-time concession" will remain in place from April 1, 2026, to March 31, 2027, the government said. ".. to address the concerns faced by the manufacturing units in the SEZs due to ongoing global tr ...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 >
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 >
Bengaluru: India's manufacturing sector grew at its slowest pace in nearly four years in March as the war in the Middle East stoked uncertainty, disrupted supply chains and dented demand, while higher oil prices drove up input costs, a private survey showed. Here are the key details: * The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 53.9 in March from 56.9 in February, broadly in line with a preliminary estimate of 53.8. * New orders - a key ga ...Read More >
BENGALURU, April 2 (Reuters) - India's manufacturing sector grew at its slowest pace in nearly four years in March as the war in the Middle East stoked uncertainty, disrupted supply chains and dented demand, while higher oil prices drove up input costs, a private survey showed. Here are the key details: * The HSBC India Manufacturing Purchasing Managers' Index(PMI), compiled by S&P Global, fell to 53.9 in March from 56.9in February, broadly in line with a preliminary estimate of53.8. * New orde ...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 >
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 >
Mumbai : TenderCuts, India's first omnichannel fresh meat and seafood brand, has raised USD 2 million through debt from Lakme Finance. The raise follows the company's transition to profitability, making TenderCuts the first organised player in the fresh meat and seafood category in India to achieve positive EBITDA at both the store and consolidated levels. Founded on an omnichannel model that integrates neighbourhood retail with digital convenience, TenderCuts has, from its inception, focused o ...Read More >
The Hindustan Aeronautics Limited (HAL) has recorded a revenue of ₹32,250 crores (provisional and unaudited) for the financial year ended March 31, 2026, as against the revenue of ₹ 30,981 crores during the previous year. The Bengaluru headquartered defence PSU said that achievement was made possible despite the challenges faced in deliveries of LCA Mk1A and HTT 40 due to supply chain issues arising from geopolitical and technical challenges. However, deliveries of ALH, AL31-FP, RD-33 engin ...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 >
MUMBAI: India's corporate credit profile remained resilient in FY26 with rating upgrades outpacing downgrades across agencies, although moderation in momentum and rising global risks have prompted a more cautious outlook for FY27.India Ratings and Research, CRISIL Ratings, CareEdge Ratings, and ICRA released their assessments for FY26, indicating that while corporate balance sheets remained stable, emerging risks are building as FY27 approaches.The upgrade to downgrade ratio, a key measure of co ...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 >
Mumbai : In a major development, Lloyds Metals and Energy Limited (LMEL) has announced the successful acquisition of the CHEMAF Group ("CHEMAF"), comprising Chemaf Resources Limited, Chemaf SA, and associated entities -- leading copper and cobalt mining and processing companies operating in the Democratic Republic of Congo (DRC). The acquisition was executed on March 27, 2026, through Virtus Lloyds Minerals Holding (VLMH), a joint venture between entity of Lloyds Metals (49%) and Virtus Minerals ...Read More >
New Delhi: Amid the West Asia conflict, the Government of India exempted customs duty on key petrochemical products till June 30, 2026, Finance Ministry said on Thursday. Import duty was cut to benefit including plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments and also provide relief to the end users, i.e, the consumers, the ministry said. The government took the decision to remove customs duty on critical petrochemical products ...Read More >
New Delhi, Apr 2 (PTI) 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 fina ...Read More >
New Delhi [India], April 2 (ANI): The heads of the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank Group have agreed to form a coordination group to maximize their institutions' response to the energy and economic impact of the war in the Middle East. According to a joint statement by the organizations, the decision followed an assessment of the significant disruptions currently affecting global markets. "The Middle East war has caused major disruptions to ...Read More >
Mumbai, April 2: Gold prices (gold rates) in India hit a fresh psychological milestone on Thursday, April 2, as domestic retail rates for 24-karat gold surged past the INR 1.52 lakh mark per 10 grams. According to the latest data from the GoodReturns website, the precious metal extended its record-breaking rally for a fourth consecutive session, driven by a weakening US dollar and a spike in international spot prices. This rally marks a significant recovery following a period of high volatility ...Read More >
LPG shortage in Hyderabad leaves auto drivers stranded in long queues for hours, forcing them to live in vehicles as earnings drop and commuters struggle to find rides Hyderabad: An acute shortage of LPG (liquefied petroleum gas) in Hyderabad has pushed thousands of auto-rickshaw drivers into distress, disrupting livelihoods and crippling urban mobility across the city. Triggered by the ongoing conflict in West Asia and disruptions in the global supply chain, LPG availability has sharply decli ...Read More >
New Delhi: High-frequency indicators released at the end of the fiscal year signalled that India's economy has stayed resilient despite disruptions stemming from the Gulf war. Goods and services tax collections grew 8.8% year-on-year in March, while domestic passenger vehicle sales recorded a strong 16.3% increase. Power consumption rose 1.8% to 149.56 billion units during the month and railway freight loading climbed 3.4% to 166.2 million tonnes. Digital payments also remained robust, with UP ...Read More >
Arvind Rao, Senior Director & Head-Credit Policy Group at India Ratings and Research, adds that the strength built over the past few years continues to provide a buffer, especially for higher-rated companies. However, the impact is expected to be uneven, with mid-tier credits and sectors dependent on energy inputs more vulnerable.After a long stretch of upgrades, India's corporate credit story may be starting to turn. Rating agencies say the momentum is still holding for now, but early signs sug ...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: To cushion exporters from the ongoing disruptions caused by the West Asia crisis, the RBI on Tuesday extended the enhanced export credit period of 450 days for pre- and post-shipment finance to June 30, 2026, from the earlier March deadline. The relaxation on realising and repatriating full export value from nine to 15 months will also remain in force, said the central bank. These measures, effective immediately, apply to all regulated entities involved in export financing, aiming to ea ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Wednesday chaired the meeting of the Cabinet Committee on Security to review India's preparedness amid the ongoing West Asia conflict, directing officials that "all efforts must be made to safeguard the citizens from the impact of this conflict." The second such review in recent days held at 7 Lok Kalyan Marg focused on mitigating disruptions across key sectors, including energy, agriculture, shipping, aviation, logistics and MSMEs. The government ass ...Read More >
New Delhi: Prime Minister Narendra Modi chaired a second special meeting of the cabinet committee on security on Wednesday to safeguard India amid the war in West Asia. With the Strait of Hormuz blockade squeezing global energy markets, the Prime Minister reviewed a cross-departmental strategy to diversify the supply of liquefied natural gas (LNG) and liquefied petroleum gas (LPG). During the meeting, the cabinet secretary briefed the Prime Minister on measures to ensure adequate availability o ...Read More >
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