Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The…
Category: Economy
Oil prices plunge below $100/bbl after US, Iran agree on 2-week ceasefire
Global oil prices fell around 14% on Wednesday morning, with both Brent and WTI trading below $100 per barrel after the US, Israel and Iran agreed to a two-week ceasefire.…
India’s data centre electricity demand makes planners go back to drawing board to map new energy security playbook
NEW DELHI: India’s apex power sector planning body has gone back to the drawing board to map electricity demand amid concerns that a concentration of data centres coming up in…
Oil production to take hit, output from Middle East expected to drop by 9 million barrel per day
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…
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…