India offset the decline in exports to traditional destinations by sharply ramping up shipments to Jordan (18,086 per cent), Hong Kong (17,006 per cent), Spain (13,436 per cent), the Philippines (2,235 per cent), and Namibia (1,068 per cent) in H1FY26.
Of the 1.32 trillion capex target for FY26, State-run oil firms have already spent 1.07 trillion in the first 10 months.
India possesses approximately 100 million barrels of commercial crude oil stocks, capable of covering 40-45 days of its requirements if flows through the Strait of Hormuz are disrupted, according to Kpler.
Analysts predict India will face oil price volatility and macroeconomic effects due to the escalating Iran crisis, though the country's oil supply chain is not yet structurally insecure.
A blast at an explosives manufacturing factory in Nagpur, Maharashtra, resulted in the death of 17 people and injuries to 18 others. Rescue operations are underway.
Police in Nagpur have arrested nine directors of SBL Energy Limited following a deadly explosion at their explosives manufacturing facility that killed 18 workers. A case has been registered against 21 directors and shareholders, and an investigation is underway to determine the cause of the blast and identify safety violations.
A blast at an explosives factory in Nagpur, India, resulted in 19 deaths. A state minister suspects negligence and announces compensation for the victims' families. An investigation is underway to determine accountability.
A drone designed to tranquilise violent elephants without close human contact has been unveiled, marking a significant advancement in using indigenous UAV technology for mitigating human-wildlife conflict.
Dozens of Indian-flagged ships and over a thousand seafarers are stranded in the Persian Gulf, Gulf of Oman, and surrounding areas due to the closure of the Strait of Hormuz amidst ongoing military actions involving the US, Israel, and Iran.
Replacing over a third of India's oil imports at competitive rates is going to be a challenge, said traders from State refiners, even though some progress was made in the last two months.
Private-sector oil refiner Reliance Industries Limited (RIL) last week received a general licence from the United States (US) government to buy Venezuelan oil, an industry executive said.
Maharashtra minister Chandrashekhar Bawankule suspects negligence and safety lapses at SBL Energy Limited in Nagpur, where a blast killed 19. An investigation is underway to determine accountability.
A senior Maharashtra minister has alleged negligence on the part of SBL Energy Ltd following a fatal explosion at its Nagpur detonator-making unit that killed 19 workers. The government has promised compensation and a thorough investigation into safety lapses.
India will now face a lower reciprocal tariff of 10 per cent, down from 25 per cent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping duties on several nations.
Will rising tensions between US-Israel and Iran threaten crude oil supply through the Strait of Hormuz, putting India's fuel prices, imports, and economic stability at risk?
The country's exports rose marginally by 0.61 per cent to $36.56 billion in January, while trade deficit widened to a three-month high of $34.68 billion, government data showed on Monday.
Gold imports climbed 349.22 per cent to $12.07 billion in January, while silver imports rose 127 per cent to $2 billion.
Textiles, pharmaceuticals, chemicals, engineering goods, gems and jewellery exports will receive a boost from the free trade agreement between India and the 27-nation European Union, according to exporters.
India will restrict crude oil purchases from Russia as part of an agreement reached with the US in exchange for lower trade tariffs, sources said, adding imports will continue for now by refiners such as Nayara Energy, which have no other alternative source. US President Donald Trump announced overnight that the United States will cut the reciprocal tariff on imports of Indian goods to 18 per cent from 25 per cent under a broader bilateral understanding.
Traffic on the Mumbai-Pune Expressway resumed at 1.46 am after the damaged gas tanker was shifted from the accident site, an official said.
Actress Tamannaah Bhatia has been appointed as the brand ambassador for Karnataka Soaps and Detergents Limited (KSDL), the makers of Mysore Sandal Soap, sparking controversy over the choice of a non-Kannada speaking actor. The government defends the decision as a business strategy to boost sales outside Karnataka.
The idea of back-loading the target of fiscal consolidation is perhaps guided by the government's desire to be prepared for any adverse developments in the coming year, points out A K Bhattacharya.
The Kremlin has stated that India is free to purchase oil from any country, dismissing claims that India agreed to reduce Russian oil imports. Russia maintains that energy trade with India benefits both nations and contributes to international energy market stability.
The fiscal tilt towards capex benefits companies in investment-related sectors like capital goods, defence equipment, engineering & construction and metal & mining. The planned cut in revenue expenditure will weigh on companies in consumption sectors like FMCG, consumer durables and retail.
MEA spokesperson Randhir Jaiswal said India's energy decisions are guided by national interest.
The Maharashtra Highway Traffic Police have advised motorists to avoid the Mumbai-Pune Expressway until regular traffic movement is restored.
India and the European Union (EU) on Tuesday announced the conclusion and finalisation of negotiations for the proposed free trade agreement (FTA).
India is growing fast, but to keep growing strong, the government must make more things at home, create jobs, and spend money wisely, suggests Rajiv Memani, regional managing partner, Africa-India Region, EY.
'The immediate impact for India will be very minimal as the share of Venezuela in our total overseas production is very low.'
In a culture where children take up the profession of their father, her becoming a politician was seen as natural and acceptable.
India and the European Union are set to announce on January 27 the conclusion of negotiations and finalisation of a free trade agreement, which is aimed at boosting economic ties between the two regions amid disruptions in global trade due to US tariffs, an official said.
To get real, long-lasting results, you need to understand what your skin needs, respect its limits and invest in habits that will last longer than trends, advises Dr Rupika Singh.
Under the defence partnership, India and the UAE are eyeing defence industrial collaboration and cooperation in advanced technologies, cyberspace training, special operations, interoperability of their militaries and counter terrorism.
A neutral monetary policy stance, heavy government borrowing, and issuers adjusting to a higher-for-longer yield environment have set the stage for a largely stable corporate bond market in 2026.
Where are the most oil reserves in the world? Who owns them? Find out!
A 500 per cent tariff would effectively shut out India's goods and services exports to the US.
India could save $1 billion in crude oil imports annually if the country switches 10 per cent of its diesel usage in the transport sector to liquefied natural gas.
'Many of the players I played alongside like Harmanpreet Singh, Mandeep Singh, Krishan Pathak are doing very well today. Somewhere, there is regret that I could not do that.'
India's exports to the US contracted 8.6 per cent to $6.3 billion in October, while imports rose 13.9 per cent to $4.5 billion leading to a trade surplus of $1.8 billion during the month.
The Trump administration has sanctioned entities and individuals from India involved in sales of Iran's petroleum and petroleum products, saying the funds from this trade support Tehran's regional terrorist proxies and procure weapons systems that are a direct threat to the US.
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