Economy

US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to...

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait of Hormuz, located between Oman and Iran and the vital artery for global energy trade,...

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

Accordingly, SGL has informed that the Daily Contracted Quantity of gas supply shall be provisionally restricted to 50 per cent of the contracted quantity...

IKEA India sees significant benefit from India-EU trade deal

Patrik Antoni, CEO, IKEA India, on Monday said the upcoming India-European Union (EU) free trade agreement is expected to benefit the company’s domestic operations...

IMF upgrades India’s 2026 growth forecast

The upward revision reflects the better-than-expected outturn in the third quarter of the year and strong momentum in the fourth quarter. Growth is projected...

World Bank flags job creation challenge

Total working age populations will continue to expand significantly in many countries particularly in Sub-Saharan Africa, the Middle East and North Africa, and South...

India, US review ongoing trade talks

“Marco Rubio concluded a positive call with Jaishankar. They discussed next steps regarding our bilateral trade negotiations, critical minerals and possible meeting next month,”...

India to grow 7.2% in FY2026: World Bank

The growth mainly reflects robust domestic demand, including strong private consumption, supported by earlier tax reforms and improvements in real household earnings in rural...

Venezuela episode to have negligible impact on India

On 3 January, the US launched military operation in Venezuela and captured Venezuela’s  president Nicolás Maduro. Even in the event of any escalation that disrupts...

Pax Silica: Here is all you need to know

What is Pax Silica initiative? Pax Silica is the US Department of State’s flagship effort on AI and supply chain security, advancing new economic security...

Retail inflation up to 1.33% in December

Year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of December 2025 over December 2024 is 1.33% (Provisional), the...

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US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

To enable oil to keep flowing into the global...

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait...

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

Accordingly, SGL has informed that the Daily Contracted Quantity...

GAIL mulls supply cuts on customers, amid Force Majeure notices

GAIL said its long-term suppliers, Petronet LNG Ltd, has...

US Trade court orders tariff refunds: report

"All importers of record whose entries were subject to...