As the Middle East war has stretched beyond a month, energy prices have soared sharply, sending ripples across the globe. Iran’s chokehold of Strait of Hormuz has pushed fuel costs higher, hitting energy supplies for major economies. The impact is visible in multiple sectors in India, with higher costs of fuel and petrochemical products feeding…
Representative image (AI-generated) Amid the ongoing Middle East crisis that has disrupted the global oil supply chain, Indian refiners have made their first purchase in seven years since 2019, according to Reuters.India had not received any cargo from Tehran since the US pressured it to halt crude imports, according to the petroleum ministry. This marks…
India’s pharmaceutical exports remained on a growth track in the last financial year despite global headwinds, crossing $28 billion during April–February FY26, while industry leaders said the sector is on course to nearly double in size to $130 billion by 2030.Speaking at the inaugural session of the ‘Chintan Shivir: Scaling Up Pharma Exports’ on Saturday,…
A prolonged conflict in Middle East could begin to hurt India’s exports not just to the region but also to other global markets, as disrupted supply chains ripple outward, commerce secretary Rajesh Agrawal said on Saturday, He also urged the pharmaceutical industry to reduce dependence on imported raw materials and build more resilient export and…
NEW DELHI: Govt is working to step up the supply of induction cooktops and vessels, while nudging companies and institutional kitchens to move to electricity-based cooking to reduce pressure on gas.To meet the immediate requirement of cooktops, whose demand has increased in the wake of LPG concerns, imports are lined up, while domestic production is…
NEW DELHI: Fuel and raw material supply constraints, which have forced shutdowns in certain segments of manufacturing, especially small businesses, may hurt contractual and gig workers.Some signs of strain are visible in certain sectors, including steel, automotive, textiles, pharma, medical devices as fuel supply, input cost and availability (shortage) bite into operations, industry representatives and…
NEW DELHI: India’s vast informal manufacturing sector has seen jobs stay flat for nearly a decade, while the formal manufacturing sector has seen an increase, marking a sharp divergence in the growth trajectory of the two segments.An analysis of the latest unincorporated enterprises survey released last month showed that 3.5 crore people were employed in…
The Indian Farmers Fertiliser Cooperative Limited reported its highest-ever Profit Before Tax (PBT) for 2025–26, with projections indicating it will cross Rs 4,106 crore, following a year of steady production and strong sales across fertiliser categories.The cooperative produced 90.62 lakh metric tonnes (MT) of fertilisers during the financial year. This included 48.28 lakh MT of…
External affairs minister S Jaishankar on Saturday said that India has “solidly come through” a the ongoing turbulent geopolitical situation amid the Middle East conflict and the Russia-Ukraine war, adding that the country has been “managing domestic and external challenges successfully.”Speaking at the 15th Annual Convocation Ceremony of IIM Raipur, he said countries today must…
The Delhi government has introduced new conditions for the supply of commercial LPG cylinders, making eligibility contingent on steps taken towards adopting piped natural gas (PNG) in areas where the network is available. The changes were notified through an order issued by the Food, Supplies and Consumer Affairs Department, which amends a provision of the…