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Thane, Apr 9 (PTI) Jawaharlal Nehru Port Authority on Thursday said it received an India-flagged vessel carrying 15,400 tonnes of liquefied petroleum gas (LPG) that successfully crossed the Strait of Hormuz amid the West Asia conflict. JNPA described the development as notable in the backdrop of the war involving Iran, the United States and Israel. "Today, JNPA proudly welcomed Green Asha -- an India-flagged LPG vessel that has successfully crossed the Strait of Hormuz, and has moored at JNPA' ...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 >
Patna, April 8 (BiharTimes): Bihar has achieved a major milestone in agricultural procurement, with the state purchasing 36.79 lakh metric tonnes (MT) of paddy against a target of 36.85 lakh MT during the 2025-26 Kharif season, Food and Consumer Protection Minister Leshi Singh announced on Wednesday. Addressing reporters in Patna, the minister described the achievement as a strong indicator of Bihar's improving procurement efficiency and farmer outreach. The state is now on the verge of fully m ...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 >
NEW DELHI: The conflict in the Middle East is pushing India, which imports 80 percent of its oil and gas, to accelerate its shift to renewables, but the country is also dependent on imports for the minerals and rare earth metals needed to power its green transition. India aims to install 500 gigawatts of green energy capacity including solar, wind and hydropower by 2030, alongside expanding battery storage and electric transport. The country's latest climate goals, announced last month, also ai ...Read More >
Bhubaneswar: Chief Minister Mohan Charan Majhi on Wednesday asserted that rapid industrialisation will soon reverse the trend of job-driven migration from Odisha, as the state positions itself as a major hub for employment generation in eastern India. Speaking at the inauguration of a large apparel manufacturing unit set up by Page Industries at Ramdaspur in Cuttack district, the Chief Minister said the state is witnessing a transformative phase where local employment opportunities will bring b ...Read More >
New Delhi, Apr 8 (PTI) The domestic consumption of finished steel grew by 7-8 per cent to 164 million tonnes in FY26 on the back of increased activity in infrastructure, construction, railways, and manufacturing sectors. The country's crude steel output grew by over 10.7 per cent to around 168.4 million tonnes during the financial year, reflecting sustained industrial momentum. "Domestic demand remained the key growth driver with finished steel consumption (164 MnT), expanding by about 7-8 per ...Read More >
Mumbai, Apr 8 (PTI) Indian scheduled commercial banks' gross non-performing assets (NPAs) ratio declined further to 2 per cent in December 2025, the Reserve Bank said on Wednesday. Gross NPAs -- which represents the proportion of loans unpaid for over 90 days -- for the banking system had stood at 2.5 per cent in the year-ago period, as per the bi-annual Monetary Policy Report released by the central bank. The improvement in asset quality was across sectors, including retail loans, services, i ...Read More >
New Delhi [India], April 8 (ANI): The Reserve Bank of India's decision to keep the repo rate unchanged in the latest Monetary Policy Committee (MPC) meeting was appropriate, Vivek Iyer, Partner and Leader Financial Services, Grant Thornton Bharat, has said, noting that any change in rates at this stage could have adversely impacted demand and financial stability. Also Read | Assembly Elections 2026: How To Check Name in Voter List and Download Voter Slip Online? Know Everything Ahead of Vidhan ...Read More >
New Delhi, Apr 8 (PTI) Interest rate-sensitive realty, auto and bank stocks were in high demand on Wednesday, a day when the Reserve Bank of India kept its key policy rate unchanged, adopting a wait-and-watch stance as policymakers assessed the fallout from the Iran conflict on energy supplies, inflation and growth. A sharp rally in the broader equity market also aided buying in these stocks. Among realty firms, the stock of Lodha Developers surged 8.48 per cent, Prestige Estates Projects jump ...Read More >
Mumbai, Apr 8 (PTI) Deloitte India on Wednesday announced the launch of a quantum technology facility at IIT Bombay to accelerate innovations for India Inc. Quantum Centre of Disruption for Enterprises (QCoDE) at the ASPIRE IIT-Bombay Research Park Foundation represents a strategic industry-academia collaboration to accelerate quantum adoption, research, and enterprise use-cases for Indian businesses, Deloitte said. The facility will bring together Deloitte's global quantum network, IIT Bombay ...Read More >
New Delhi, Apr 8 (PTI) The war in West Asia is aiding demand for luxury electric vehicles driven by concerns over fuel prices among customers, BMW Group India President and CEO Hardeep Singh Brar said on Wednesday. The German luxury carmaker has increased its EV sales in India to 26 per cent of its overall sales in the first quarter of 2026 as compared to 21 per cent in the year-ago period, Brar told PTI. BMW Group India posted its highest-ever Q1 car sales, with 4,567 units in the first quart ...Read More >
New Delhi, Apr 8 (PTI) Coal inventories at thermal power plants remained comfortable around 55 million tonnes as of Tuesday, sufficient for 24 days of uninterrupted power generation based on the average consumption over the last seven days, a senior coal ministry official said. The stock levels indicate "absolute no deficit" on the power generation side, coal Joint Secretary Sanjeev Kumar Kassi emphasised, allaying concerns over potential shortages amid rising summer demand. "Coal stock at the ...Read More >
New Delhi: India's steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025-26, consolidating its position as the world's second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday. Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7-8 per cent, driven by increased ac ...Read More >
Kolkata, Apr 8 (PTI) The Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that the Indian Rupee is expected to stabilise around the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong. He also said that India must sustain 7-8 per cent growth and reforms to achieve developed nation status by 2047, ...Read More >
Mumbai: The Reserve Bank of India (RBI) has taken a cautious but balanced approach in its latest Monetary Policy Committee (MPC) meeting held on April 8, 2026, as it tries to support growth while keeping risks under control. The central bank has decided to keep the repo rate unchanged at 5.25 percent and continue with a neutral policy stance, signalling that it is watching both growth and inflation closely. India's economy showed strong performance in FY26, with real GDP growth estimated at 7.6 ...Read More >
New Delhi, Apr 8 (PTI) Stable interest rates on home loans coupled with strong end-user demand will help real estate developers to sustain sales momentum, realtors' bodies CREDAI and NAREDCO on Wednesday said while hailing the RBI's decision to keep repo rate unchanged. The two associations, which have around 20,000 real estate developers as members, pointed out that the real estate sector could face the pressure of an increase in input costs because of the West Asia conflict, but asserted that ...Read More >
New Delhi [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said. Also Read | 8th Pay Commission News: Consultation Process Begins, Salary Hike Expected in FY 2026-27. In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates u ...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 [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said. In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates unchanged as appropriate amid global uncertainty. She stated, "As per our analysis, if crude oil prices ...Read More >
A view of the Gas Authority of India Limited. Kesavan A N 1612@Chennai Expanding on their collaborations for liquified natural gas (LNG) charter fleet, state-owned Gas Authority of India Ltd (GAIL) Tuesday inked a long-term charter party agreement with Greek shipping management company Alpha Gas for their LNG carrier 'Energy Fidelity'. The LNG carrier holds a cargo capacity of 174 thousand cubic metres. The charter would be executed between the Indian state-owned gas major and Singapore-based ...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 [India], April 8 (ANI): Economists and industry leaders on Wednesday largely backed the Reserve Bank of India's decision to keep the repo rate unchanged at 5.25 per cent, saying the central bank's cautious approach is appropriate amid global uncertainties and rising energy prices. Experts said the move reflects a balancing act between controlling inflation and sustaining economic growth. Dipti Deshpande, Principal Economist at Crisil Ltd, said the RBI's decision to maintain the polic ...Read More >
Chief Minister Rekha Gupta on Monday met Lieutenant-Governor Taranjit Singh Sandhu to discuss various issues, including the summer and monsoon action plans, water supply, electricity management and expansion of the PNG network in the Capital. According to officials, the meeting also focused on issues like energy security -- under which close monitoring of LPG supply chains to ensure timely availability, along with expansion of the PNG infrastructure to address shortages and curb black marketing ...Read More >
New Delhi [India], April 8 (ANI): GAIL (India) Limited has signed a long-term charter party agreement with Alpha Gas for an LNG carrier, marking a significant step towards strengthening India's energy supply chain and maritime capabilities. The agreement was executed between GAIL and Pantheon Maritime Services Private Limited, a Singapore-based affiliate of Alpha Gas, for the LNG carrier "Energy Fidelity." Also Read | Rampur Shocker: Man Kills Wife During Heated Argument While Having S*x, Arre ...Read More >
GAIL (India) Limited signs a long-term charter agreement with Alpha Gas for the LNG carrier 'Energy Fidelity.' The pact aims to strengthen India's energy supply chain and maritime capabilities under the government's Maritime Amrit Kaal Vision 2047. GAIL (India) Limited has signed a long-term charter party agreement with Alpha Gas for an LNG carrier, marking a significant step towards strengthening India's energy supply chain and maritime capabilities. The agreement was executed between GAIL and ...Read More >
New Delhi [India], Apr 8 (ANI): Real estate developers and property consultants on Wednesday welcomed the Reserve Bank of India's decision to keep the policy repo rate unchanged at 5.25 per cent, saying the move will keep home loan rates stable and support housing demand amid global uncertainties. Industry players said the RBI's decision provides predictability for both developers and homebuyers at a time when construction costs remain under pressure due to global geopolitical tensions. Shrini ...Read More >
New Delhi [India], April 8 (ANI): GAIL (India) Limited has signed a long-term charter party agreement with Alpha Gas for an LNG carrier, marking a significant step towards strengthening India's energy supply chain and maritime capabilities. The agreement was executed between GAIL and Pantheon Maritime Services Private Limited, a Singapore-based affiliate of Alpha Gas, for the LNG carrier "Energy Fidelity." The pact was signed by S Bairagi, Executive Director (Marketing - Shipping & Internation ...Read More >
Mumbai: Crude oil prices saw a steep fall on Wednesday after the US and Iran agreed to a two-week ceasefire. On the Multi Commodity Exchange (MCX), crude oil for April delivery dropped nearly 18 percent to Rs 8,775 per barrel, down from Rs 10,669. The fall came after a strong rally in recent days, where prices had touched record highs. The sudden drop reflects heavy selling by traders as fears of supply disruption reduced. Global oil falls below USD 100 The impact was seen globally as well. B ...Read More >
New Delhi, Apr 8 (PTI) Crude oil prices nosedived by 18 per cent to Rs 8,775 per barrel in futures trade on Wednesday, after the US and Iran agreed to a two-week ceasefire and the reopening of Strait of Hormuz, triggering heavy selling by traders as the geopolitical risk premium evaporated. Snapping a three-day rally, crude oil futures for April delivery opened lower by 6 per cent to Rs 10,029 per barrel, its lower circuit limit, on the Multi Commodity Exchange (MCX). Later, the contract exten ...Read More >
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