For January 2026, the sector-specific indices stood at 157.2 for mining, 167.2 for manufacturing and 212.1 for electricity. (AI image) India’s Index of Industrial Production saw a 4.8% increase year-on-year in January 2026, according to the Ministry of Statistics & Programme Implementation. The rise in industrial output was largely driven by a 4.8 per cent…
Representative AI image India on Saturday reviewed its crude oil and fuel supply position amid escalating geopolitical tensions in the Middle East, with the government asserting that it is closely monitoring developments to safeguard domestic availability.“In view of ongoing geopolitical developments in the Middle East, the Minister of Petroleum & Natural Gas reviewed the supply…
NEW DELHI: While Russia remained the largest supplier of crude to India in Feb, Saudi Arabia narrowed the gap and emerged as a close second, with supplies from the West Asian country rising by 30% to over 1 million barrels a day (mbd), compared to 7.7 lakh barrels in Jan this year.According to data shared…
NEW DELHI: Amid fears of a shortage in crude supplies, govt is looking to nudge refiners to divert more auto fuel and LPG to the domestic market by cutting on exports and also increase cooking gas production so that there is no disruption in local supplies.While govt and oil companies insisted there’s no shortage, refiners…
Oil prices surged sharply on Monday as disruptions to tanker traffic through the Strait of Hormuz heightened concerns over global energy supply amid US and Israeli attacks on Iran. US crude jumped 7.6 per cent to $72.12 per barrel, while Brent crude rose 8.6 per cent to $79.11 per barrel. European natural gas futures also…
Asia relies heavily on energy supplies from the Middle East, leaving the region particularly exposed. (AI image) Middle East tensions due to the ongoing conflict of Israel and the US with Iran have raised fears of the Strait of Hormuz – a key maritime route being closed – threatening crude oil and LNG supplies for…
Qatar’s state-owned energy giant, QatarEnergy, announced on Monday that it had suspended liquefied natural gas (LNG) production following Iranian drone attacks on two of its key processing facilities. The halt affects operations at Ras Laffan Industrial City, the world’s largest LNG complex, and Mesaieed Industrial City, both critical hubs for the Gulf state’s gas output.Qatar’s…
India faces a higher import burden when global prices rise, along with possible inflationary effects. (AI image) Internationally, oil prices have risen by around 9-10% following Israel-US strikes on Iran, and amid the rising tensions in the Middle East are likely to remain elevated. Does that mean that petrol and diesel prices in India will…
Wall Street opened lower on Monday as the US-Israeli military campaign against Iran escalated across the Middle East, sending oil prices sharply higher.About 20 minutes into trading, the Dow Jones Industrial Average was down 0.7 percent at 48,661.35. The S&P 500 lost 0.5 percent to 6,845.44, while the tech-heavy Nasdaq Composite fell 0.4 percent to…
EPFO interest rate (AI image) EPFO interest rate FY 2025-26: The central government has decided to keep the annual interest rate on Employees’ Provident Fund deposits unchanged at 8.25 per cent for the financial year 2025–26, the Ministry of Labour and Employment said. The move is expected to benefit crores of workers by reinforcing their…