Hyderabad: State-run miner NMDC Limited on Friday said it has become the first mining company in India to produce 50 million tonnes of iron ore in a single financial year, reaching the milestone just before the close of FY 2025-26.The Hyderabad-based Navratna CPSE under the ministry of steel said the achievement marks a major step…
India’s imports of urea from China have climbed to their highest level in three years during the current fiscal, even as fertiliser shipments from Russia have also increased sharply, according to government data tabled in Parliament on Friday.In a written reply to the Lok Sabha, Minister of State for Fertilisers Anupriya Patel said India imported…
India’s foreign exchange reserves declined sharply in the week ended March 6, reversing the previous week’s surge that had taken the country’s forex stockpile to a record high.Data released by the Reserve Bank of India on Friday showed the reserves dropped by $11.683 billion to $716.810 billion, reported PTI. In the preceding reporting week, the…
Iran has reportedly allowed two LPG tankers to pass through the Strait of Hormuz to sail to India, while concerns rise on supply diruptions in the country amid ongoing conflict in the Middle East.Additionally, a crude oil tanker carrying Saudi Arabian cargo is set to reach India on Saturday after passing through the Strait around…
India’s ‘accessible’ luxury watch segment is emerging as one of the fastest-growing segments as consumers increasingly upgrade to premium timepieces. The momentum is expected to accelerate further with the India-EFTA Trade and Economic Partnership Agreement, which will gradually lower import duties to nil on European watches over the next four-five years, drawing greater interest from…
The closure of Strait of Hormuz is hitting not just oil and LPG supply, but also other trade, which may ultimately hit across sectors in India. (AI image) Indian equity markets have witnessed a ‘crude’ shock! The US-Iran war and rising oil prices have spooked investors globally, and Sensex and Nifty are not immune to…
US stock indexes traded mixed to lower in choppy dealings on Friday morning as the fallout from the war with Iran kept pressure on oil prices and added to concerns about the global economic outlook.The S&P 500 slipped 0.2 per cent after rising as much as 0.9 per cent earlier in the session. The Dow…
India is temporarily reverting to use of kerosene and alternate fuels such as coal and biomass for cooking as disruptions in Middle East strain LPG supply chains. The measures follow the effective shutdown of the Strait of Hormuz, a vital maritime corridor between Iran and Oman through which a large share of global oil and…
India is examining the United States’ move to initiate Section 301 investigations against a group of 16 trading partners and will take an appropriate position after analysing the legal and economic aspects, PTI reported citing an official on Friday.On March 11, the Office of the United States Trade Representative (USTR) announced probes into countries including…