India's fertiliser subsidy bill for the current financial year (FY27) is projected to increase by approximately 20% due to surging global prices, primarily driven by the West Asia crisis, a senior official confirmed. Despite this, retail prices for urea and di-ammonium phosphate (DAP) will remain unchanged, ensuring adequate supply for the kharif season.
Elevated global crude oil and natural gas prices, driven by geopolitical developments in West Asia, could significantly influence the Government of India's fiscal position for 2026-27, according to a report by ratings agency Icra.
India's peak power demand is projected to hit 270 GW this summer, surpassing last year's record of 250 GW.
We cannot simply have a 60-65 per cent import dependency in LPG, the bulk of which comes from just one volatile region -- West Asia, points out R Jagannathan.
The canteen at the Sports Authority of India's headquarters in Delhi has suspended operations due to a vendor complaint about LPG supply shortages, though sources suggest pricing disputes are also a factor. This closure primarily affects staff, as athletes' meals are provided separately.
India continues to face LPG supply challenges for the third consecutive week due to disruptions caused by the West Asia conflict, though panic buying is showing signs of easing. The government is prioritising domestic household supplies and encouraging alternative fuel sources.
Increased input costs due to geopolitical conflict in West Asia and unseasonal rain in March negatively impacted volumes of consumer durables makers, particularly air conditioners, in Q4FY26, leading to projected declines in EBITDA and APAT despite revenue growth.
Security personnel used tear gas to disperse protesters in Manipur's Imphal West district after tensions escalated in the Khurai Lamlong area on Saturday during demonstrations seeking justice in connection with the Tronglaobi bomb attack incident.
Donald Trump has issued a stern warning to Iran, threatening massive retaliation if it attacks Qatar again, following reports of an Israeli strike on Iran's South Pars gas field and an attack on Qatar's LNG facilities.
There are enough people at the top decision-making level in Tehran who are still willing to negotiate, provided Trump can create the right setting for the negotiation to acquire a dynamic of its own, points out Ambassador M K Bhadrakumar.
Several district courts in Madhya Pradesh were evacuated and searched after receiving email threats claiming the presence of 'poisonous gas bombs.' The threats turned out to be a hoax, and investigations are underway to identify the source of the emails.
India's fiscal deficit is projected to reach 4.5 per cent of GDP for the current fiscal year, exceeding the budgeted target, as the government's policy responses to the West Asia conflict are expected to strain public finances, according to research firm BMI.
The measures announced by it risk backfiring, disrupting the foreign exchange market, and intensifying the very pressures they seek to contain, with broader consequences for the economy points out Rajeswari Sengupta.
Delhi Police have dismantled an illegal operation involving the storage of over 600 LPG cylinders and arrested an individual for illegally refilling gas cylinders, highlighting concerns over safety and black market activities.
Tensions flared in Manipur as a mob tried to enter the residence of the Kuki Zo Council chairman, prompting intervention by security forces and raising concerns about ongoing unrest.
A senior government official confirms that Indian vessels do not require permission to navigate the Strait of Hormuz, despite regional tensions. Several Indian ships, including LPG tankers, have safely crossed the strait, ensuring continued supply of essential commodities to India.
External Affairs Minister S Jaishankar addresses the Indian Ocean Conference, expressing deep concern over the West Asia conflict and its economic repercussions on energy, trade, and food security. India calls for a swift return to peace and opposes targeting civilians and infrastructure.
A woman and her alleged lover have been arrested in Belagavi, Karnataka, for the murder of her husband, an Ayurvedic therapist, after attempting to disguise it as a natural death.
The report said ships must submit full documentation, obtain clearance codes and accept IRGC-escorted passage through a designated corridor.
Live updates on the US-Israel-Iran war: Trump escalates threats, Iran retaliates, and oil prices surge as the Strait of Hormuz crisis disrupts global markets.
Authorities in Gurugram, India, have cracked down on the black marketing of domestic LPG cylinders, seizing 32 cylinders and detaining one individual involved in illegally siphoning gas.
The Regional Transport Office (RTO) in Indore, Madhya Pradesh, received an email threatening to detonate 15 cyanide gas bombs, prompting a thorough search and subsequent declaration of a hoax.
Delhi Police arrested three men in Mahipalpur for illegally hoarding LPG cylinders and selling them at inflated prices. The raid uncovered a large number of domestic and commercial cylinders, along with refilling equipment.
The Confederation of Indian Industry (CII) has proposed a 20-point policy agenda to the finance ministry, including a conflict-linked emergency credit line guarantee scheme and tax rationalisation on energy inputs, to support MSMEs, exporters, and energy-intensive industries affected by the ongoing West Asia war.
The District Supply Department in Nanded conducted a raid on a residence, uncovering an illegal stockpile of LPG cylinders and initiating legal action against the individual involved.
Markets will look for clear guidance on how the MPC interprets the uncertainty and what it implies for the future course of monetary policy, points out Rajeswari Sengupta.
'We have lost 70-80 per cent of our business from foreign guests.'
'FPIs are unlikely to return unless there is equilibrium between valuation premium and earnings growth.'
US Vice President J D Vance is expected to travel to Islamabad for peace talks with Iran to end the seven-week war, amid a fragile ceasefire and ongoing tensions.
Iran's ambassador to India, Mohammad Fathali, has described India as a "reliable and compassionate" partner while asserting Tehran's territorial authority over the Strait of Hormuz amidst ongoing regional tensions.
Delhi Police have dismantled multiple illegal LPG storage and refilling units across the city, seizing a large number of cylinders and apprehending several individuals involved in the illicit operations.
Analysts warn that global markets are significantly underpricing the risk of an oil price shock, with Brent crude potentially soaring to $150 per barrel if the West Asia conflict escalates or damages critical oil and gas infrastructure. This could lead to severe inflation and economic repercussions, particularly for import-dependent nations like India.
India's sugar consumption is projected to fall by nearly 400,000 tonnes in the 2025-26 season, primarily due to the ongoing liquefied petroleum gas (LPG) shortage exacerbated by the West Asia conflict and unseasonably cool weather.
Delhi Police have registered multiple FIRs and seized hundreds of LPG cylinders in a crackdown on illegal storage, refilling, and black marketing operations amid concerns of potential supply shortages.
An Iranian missile strike on Haifa has resulted in casualties and intensified conflict between Iran and Israel, prompting search operations and ceasefire discussions.
The Iranian Foreign Ministry has stated that Tehran currently has no plans for a subsequent round of negotiations with the United States, according to the state media Tasnim news agency. This announcement comes as international mediators had hoped for a follow-up to the Islamabad talks before the looming ceasefire deadline.
Iran was the chance to arrange a concert of nations, to actually be a Vishwaguru. Instead, we are watching from the sidelines as Pakistan, the same country that is apparently still at war with Afghanistan, hosts talks between US-Israel and Iran. The irony is hard to miss, points out Amberish K Diwanji.
Raghu Rai, one of India's most celebrated photographers, passed away at a private hospital in New Delhi at the age of 83. He is survived by his wife, son, and three daughters.
At least 11 security personnel were injured in Nepal during a crackdown on a protest against alleged cross-border drug trade in the Lumbini province bordering India.
'Even if the war ends tomorrow, which is unlikely, and we go back to the pre-war status quo, the world will still need some time to get over the sudden shock of oil price increases.'
