Oil production from the Middle East is expected to be significantly impacted in April, with output from the region likely to reduce by around 9 million barrels per day in…
Category: Economy
Reliance, Vedanta join pre-bid talks with govt for $780-mn rare earth scheme
NEW DELHI: Reliance Industries, Sona Comstar, Vedanta, Larsen & Toubro, and Japan’s Proterial were among the companies that joined discussions with the government on Tuesday over the $780-million rare earth…
US Energy agency says fuel prices may keep rising for months after Strait of Hormuz reopens: All we know
The United States Energy Department’s statistical body has in its recent short-term energy outlook report said that fuel prices could keep rising for months even after the Strait of Hormuz…
Markets signal rate hikes even as RBI set to hold rates
Markets are signalling a sharp divergence from the Reserve Bank of India’s (RBI’s) expected policy pause on 8 April, with traders in the Overnight Index Swap (OIS) market pricing in…
GeM opens door for overseas sellers to bid for government orders
Government e-Marketplace (GeM) has introduced a global tender inquiry feature, enabling overseas suppliers to participate in government bids, as India seeks to leverage free trade agreements (FTAs) such as the…
India’s mango exporters fret as Iran war triggers shortage of refrigerated containers, increases costs
NEW DELHI: A shortage of refrigerated containers (reefers) caused by the is worrying Indian growers of mangoes ahead of the peak export season, according to five people aware of the…
India unveils 20 major maritime reforms to cut logistics costs and boost global trade presence
The ministry of ports, shipping and waterways is preparing to roll out about 20 sectoral reforms in the first 90 days of FY27, including the creation of a maritime sector…
Oil prices rise amid Trump’s escalation threats, WTI up 2%
Global oil prices extended gains on Tuesday morning as the war in West Asia showed no signs of easing and US president Donald Trump ramped up threats against Iran. Brent…
Moody’s retains Baa3 ratings for India but warns prolonged West Asia conflict could hit growth, stoke inflation
International rating agency Moody’s retained its Baa3 (BBB-) sovereign credit rating for India with a stable outlook, but warned that the ongoing conflict in the Middle East would moderate real…
India resilient as global economy shifts from ‘shocks’ to ‘permanent volatility’
New Delhi: Trade fragmentation, along with the ongoing , means that 2026 could prove more challenging, as the global economy moves from episodic “shocks” to a state of “permanent volatility,”…