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Guwahati (Assam) [India], April 6 (ANI): Amid the ongoing conflict in West Asia, Indian Oil Corporation Limited chairman A S Sahney visited Guwahati to review the ground-level LPG supply situation and assess service delivery. During his visit, Sahney interacted with LPG distributors, customers and field teams to evaluate stock preparedness, safety practices and overall operational efficiency. Also Read | Karnataka High Court Refuses to Quash FIR Against Bengaluru Airport Staffer in South Korea ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the win ...Read More >
Commerce Minister Piyush Goyal and his Chinese counterpart, Wang Wentao, have met on the sidelines of a WTO event India and China have held talks aimed at expanding bilateral trade, on the sidelines of the World Trade Organization's ministerial conference, Commerce Minister Piyush Goyal has said. The talks between Commerce Minister Piyush Goyal and his Chinese counterpart, Wang Wentao, come amid a thaw in trade tensions "Met Mr. Wang Wentao, Minister of Commerce of China, on the sidelines of ...Read More >
Wipro -- the Indian tech giant founded by billionaire Azim Premji -- is buying the IT unit of Olam Group for $375 million as the Singapore-based company moves to re-organize its operations and focus on its core agricultural commodities business. Under the deal, which is subject to customary closing conditions, Bangalore-based Wipro will buy Olam's entire stake in its IT and digital services unit, Mindsprint, in cash. Following the acquisition, Wipro will provide Olam IT services for eight years ...Read More >
BENGALURU: Wipro has signed an eight-year agreement with Singapore-headquartered Olam Group in a deal expected to exceed $1 billion in total contract value, according to the company's exchange filing. The agreement includes a committed spend of $800 million and is among the largest transformation deals signed by the Indian IT services major. As part of the broader arrangement, Wipro will also acquire Olam's digital services arm, Mindsprint, for a total consideration of around $375 million in a ...Read More >
New Delhi [India], April 6 (ANI): India's metal and mining sector is poised for a near-term recovery, supported by improving domestic demand and a rebound in commodity prices, even as global geopolitical disruptions continue to shape supply dynamics, according to a recent report by Anand Rathi. The report highlighted that India remains structurally well-placed in the global metals cycle, driven by strong internal consumption trends. "India remains at the center of the global ferrous growth stor ...Read More >
New Delhi [India], April 6 (ANI): India's metal and mining sector is poised for a near-term recovery, supported by improving domestic demand and a rebound in commodity prices, even as global geopolitical disruptions continue to shape supply dynamics, according to a recent report by Anand Rathi. The report highlighted that India remains structurally well-placed in the global metals cycle, driven by strong internal consumption trends. "India remains at the center of the global ferrous growth stor ...Read More >
After a specular performance in FY26 including that of March 2026, automobile dealers now remain "constructively cautious" about the future as the war in West Asia is threatening growth. "The broader operating environment is clouded by the West Asia situation. Our survey reveals that 53.2% of dealers have experienced some form of supply or dispatch disruption linked to the ongoing conflict, with 17.1% reporting significant delays of three or more weeks," Federation of Automobile Dealers Associa ...Read More >
New Delhi: Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Import Bank, th ...Read More >
KOLKATA, India, April 4, 2026 /PRNewswire/ -- In a retail landscape often dominated by headline-grabbing metro brands, Baazar Style Retail Limited has been steadily building something far more grounded and arguably more scalable. Its latest numbers, and a fresh Rs 82.88 crore investment from Cupid Limited, suggest that the market is beginning to take sharper notice. For the financial year ending March 2026, Baazar Style reported revenues of Rs 18,421 million, marking a 37 percent year-on-year g ...Read More >
Two-year-old Bain Brandon has type 1 diabetes and needs insulin to live. But even with health insurance, the price tag isn't cheap. A 1-month supply of insulin vials and a 3-month supply of backup pens for the Mississippi toddler cost his parents $194 last week, according to his mom, 29-year-old Marlee Brandon. They can afford it right now -- but she worries about the future. "One day, Bain will be an adult, and he won't be able to be on our insurance anymore," she said. "I feel like a lot of ...Read More >
New Delhi, Apr 6 (PTI) Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Imp ...Read More >
BENGALURU: Wipro Limited has secured one of its largest transformation mandates, signing an eight-year strategic deal with Olam Group that is expected to exceed $1 billion in value. As part of the agreement, Wipro will also acquire Mindsprint, Olam's IT and digital services arm, in a move that deepens its industry expertise and strengthens its capabilities in the food and agri-business sector. The acquisition, subject to regulatory approvals, is expected to close by the end of June 2026. Headq ...Read More >
NEW DELHI - India's car dealers on April 6 warned of possible supply or dispatch disruptions in the near term as the Middle East conflict drove up raw material costs, even as the fiscal year's total sales hit a record high. The broader operating environment is clouded by the conflict, the Federation of Automobile Dealers Associations (FADA) said in a statement. The war has pushed up oil and gas prices, raising fuel and logistics costs across the auto supply chain, while also driving up prices ...Read More >
Hyderabad: The Chintan Shivir on the Pharmaceutical Sector, organized by the Pharmaceutical Export Promotion Council of India (PHARMEXCIL), with the support of the Ministry of Commerce & Industry, Government of India, concluded successfully today in Hyderabad. This event marked the continuation of the series of discussions, following successful editions in Chandigarh and Ahmedabad, and served as a platform for strengthening India's pharmaceutical export agenda. The inaugural session, chaired by ...Read More >
New Delhi, April 5 (SocialNews.XYZ) The government should take immediate and decisive action to curb the growing malpractices of certain e-commerce and quick commerce companies, as such activities are severely distorting India's retail trade ecosystem, CAIT Secretary General Praveen Khandelwal said on Sunday. The BJP MP expressed serious concern over the unchecked and unfair practices adopted by certain foreign-funded e-commerce entities, which are creating an uneven playing field for India's m ...Read More >
Delhi Police have dismantled a large interstate operation manufacturing and distributing fake life-saving drugs, seizing counterfeit medications and exposing a complex network of fraudulent GST firms used to launder the illicit proceeds. Photograph: Yves Herman/ReutersKey PointsDelhi Police busted an interstate racket manufacturing and supplying spurious life-saving medicines, arresting six people.Counterfeit drugs worth approximately Rs 2 crore were seized, including fake versions of medicines ...Read More >
Jaishankar said multiple global shocks have recently tested India's resilience, and that the country has faced both domestic and external challenges successfully. External Affairs Minister S Jaishankar on Saturday said a series of global shocks had recently tested India's resilience, adding that the country has successfully navigated both domestic and external challenges. While speaking at the 15th Annual Convocation of IIM Raipur, Jaishankar said the global order was changing with visible shi ...Read More >
Mumbai: Wipro is doubling down on large transformation deals, using acquisitions to deepen its role in long-term client engagements and expand domain-led capabilities. Wipro will acquire full ownership of Singapore-based Mindsprint and its subsidiaries in a cash deal valued at USD 375 million, subject to customary adjustments. The agreement, signed on April 5, 2026, gives Wipro complete control over the IT services firm, marking a targeted expansion in digital transformation capabilities. The t ...Read More >
New Delhi [India], April 6 (ANI): Russia and Saudi Arabia will provide more than 60 per cent of the total production increments scheduled for May 2026, leading a collective move by eight OPEC+ nations to adjust voluntary output levels. According to an Organization of the Petroleum Exporting Countries press release, the participating countries decided to implement a total production adjustment of 206 thousand barrels per day (kbd). The decision followed a virtual meeting of Saudi Arabia, Russia, ...Read More >
The racket had been operating for the past one to one-and-a-half years. Delhi: An organised racket involved in the illegal diversion and sale of government-supplied medicines meant for free distribution in public hospitals was busted by the Delhi Police Crime Branch. Medicines worth approximately Rs 70 lakh have been recovered, and five accused have been arrested so far. Acting on specific intelligence, a raiding team laid a trap at Jai Bharat Transport in Delhi's Tis Hazari on Thursday. Thre ...Read More >
Noida/Ghaziabad: Soon after the US and Israel went to war with Iran, Nand Lal realised how shaky the lifeline of his business is. A tea and cigarette seller at Sector 57 in Noida, Nand Lal found half his business wiped out when his gas cylinder exhausted on March 15. His usual black market supplier pleaded helplessness. So Nand Lal got his domestic cylinder to his shop. It was a Hobson's choice. Of what use is a cylinder if there's no money in the house to buy ingredients? By March 20, that cyli ...Read More >
The CII proposes a 20‑point policy roadmap to address the spillover effects of the US‑Iran war on the Indian economy. Supply-side pressures arising from the West Asia war continue to persist, and businesses need targeted liquidity support, industry lobby group Confederation of Indian Industry (CII) said on Sunday. The next phase of policy response needs to focus on targeted liquidity support, credit facilitation, trade cost management and foreign exchange stability, it said in a statement o ...Read More >
New Delhi: Leading industry body CII on Sunday outlined a 20-point agenda to mitigate the impact of the West Asia crisis, calling for measures including a temporary exemption from long-term capital gains tax for foreign investors in the primary market, the introduction of a time-bound conflict-linked emergency credit line guarantee scheme (CL-ECLGS) and a three-month moratorium and restructuring window for MSMEs. The CII has also proposed that priority sector lending (PSL) norms may be revisite ...Read More >
New Delhi: Amid rising tensions in West Asia and concerns around the Strait of Hormuz, the Government of India has rolled out a series of measures to secure energy supply, shipping operations and the safety of its citizens in the region. The Ministry of Petroleum and Natural Gas has assured that petrol, diesel and LPG remain available across the country. The government has advised citizens to avoid panic buying and unnecessary LPG bookings. It has also asked people to use digital booking system ...Read More >
Jamshedpur: Suresh Sonthalia, National Joint Secretary General of the Confederation of All India Traders (CAIT), on Sunday called on the government to take immediate and stringent action against the increasing arbitrariness and unfair trade practices of e-commerce and quick-commerce companies. Welcoming the Jan Vishwas Bill 2.0 While welcoming the recently passed Jan Vishwas Bill 2.0, CAIT National Secretary General and Member of Parliament Praveen Khandelwal stated in Parliament that this ste ...Read More >
New Delhi, April 5 (SocialNews.XYZ) India has emerged as an important supplier of food aid to shortage-hit African countries like Mozambique, Malawi and Burkina Faso as part of New Delhi's humanitarian outreach and commitment to the development of the Global South, the Ministry of External affairs said on Sunday. India has sent 1,000 metric tonnes of rice to drought-hit Malawi, another 1,000 metric tonnes to Burkina Faso, and 500 metric tonnes to flood-affected Mozambique, along with relief sup ...Read More >
Bhubaneswar: To streamline LPG distribution and prevent diversion of subsidised cylinders, the Odisha government has stressed on mandatory electronic Know Your Customer (e-KYC) verification for all domestic consumers seeking refills from distributors. Speaking to the media, Food Supply and Consumer Welfare Minister Krushna Chandra Patra on Sunday said that the measure will ensure cylinders reach only genuine beneficiaries. "We have issued instructions to LPG distributors to provide cylinders on ...Read More >
New Delhi [India], April 5 (ANI): In a move aimed at strengthening fertiliser availability amid ongoing geopolitical uncertainties in West Asia, Indian Potash Limited (IPL) has floated a global tender for the bulk import of granular and prilled urea, according to an official notice issued on April 4, 2026. The tender comes as part of coordinated efforts under the Department of Fertilizers to ensure an uninterrupted supply of key agricultural inputs, even as global supply chains face pressure du ...Read More >
New Delhi, Apr 5 (PTI) Industry lobby CII on Sunday outlined a 20-point agenda to mitigate the impact of the West Asia crisis, calling for measures including a temporary exemption from long-term capital gains tax for foreign investors in the primary market, the introduction of a time-bound Conflict-Linked Emergency Credit Line Guarantee Scheme and a three-month moratorium and restructuring window for MSMEs. CII proposed that priority sector lending (PSL) norms may be revisited to enable banks t ...Read More >
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