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…
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…
HYDERABAD: The Centre’s push to ensure 10,000 geographical indication (GI)-tagged products by 2030 seems to have moved into a higher gear, with the total number of GI applications finally crossing the 2,000 mark to reach 2,013 as on April 2, 2026.While Kashmir Kagzi Badam was the 2,000th application to be filed on April 2 this…
MUMBAI: Months after his exit, former Sir Ratan Tata Trust (SRTT) trustee Mehli Mistry has challenged the positions of Venu Srinivasan and Vijay Singh on the board of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, arguing they are ineligible under the 1923 deed, which bars non-Zoroastrians and non-Mumbai residents, and has called for an…
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…
MUMBAI: India’s foreign exchange reserves fell sharply by $10.3 billion in the week ended March 27, 2026, taking the total to $688.1 billion, driven largely by a decline in foreign currency assets and gold holdings amid currency market intervention by RBI.The fall was led by foreign currency assets, which dropped by $6.6 billion. These assets,…
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…
