Economy
The war in Iran, now in its seventh week, has disrupted roughly 20 percent of global oil supply passing through the Strait of Hormuz and pushed energy prices to levels not seen since 2022. Yet the crisis is also accelerating a structural shift toward renewable energy, with analysts saying the transition......
India has increased export duties on diesel and aviation turbine fuel as part of a revised taxation measure affecting its energy sector, according to an official government notification. The adjustment raises the windfall tax on diesel exports from 21.5 rupees per litre to 55.5 rupees per litre. Export......
Domestic equity markets posted strong gains this week, rising nearly 6% and breaking a six-week losing streak, as easing geopolitical tensions between the United States and Iran boosted investor confidence and reduced global volatility. The BSE Sensex closed Friday 1.2% higher, gaining 919 points to......
The government of the Indian state of Telangana has submitted a major proposal to the central government for the expansion of the Hyderabad Metro Rail, aiming to significantly extend urban rail connectivity in the capital city Hyderabad. The proposed Phase 2 project covers an estimated 162 kilometres......
The growing probability of a powerful El Niño event later this year is adding pressure to an already fragile global food system, as conflict in Iran continues to disrupt fertilizer supplies through the Strait of Hormuz. Economists and climate scientists warn that the combination of supply chain......
India has decided to postpone the planned maintenance shutdown of around 10,000 megawatts of coal-fired power generation capacity until July, in a move aimed at ensuring sufficient electricity supply during peak summer demand. The announcement was made by Piyush Singh, an additional secretary at the......
India has temporarily relaxed export requirements for rice shipments to several European destinations, allowing certain exports to proceed without a mandatory inspection certificate, according to an official government notification. The measure applies to both basmati and non-basmati rice and will remain......
The World Bank has cautioned that risks surrounding India’s projected economic growth remain tilted to the downside, despite a generally stable macroeconomic environment. India’s economy is expected to grow by around 6.6% in the 2026–2027 fiscal year, maintaining its position among......
Asian stocks and emerging market currencies edged higher on Monday as reports of a possible temporary ceasefire between the United States and Iran lifted investor sentiment, despite an approaching deadline set by US President Donald Trump for Tehran to reopen the Strait of Hormuz. Trading volumes remained......
The war in the Middle East has upended global energy markets, but for China the disruption is proving to be an accelerant. As oil-importing nations grapple with crude prices above $110 a barrel and scramble for alternatives to volatile fossil fuel supplies, Chinese electric vehicles, solar panels, and......
India has announced an extension of duty-free imports of yellow peas until March 31, 2027, as part of its ongoing efforts to ensure stable food supply and manage domestic prices. The decision was confirmed by the country’s commerce ministry, which stated that all existing import conditions would......
Fuel prices have climbed to multi-year highs worldwide after one month of conflict involving Iran disrupted global energy flows and tightened supply. The shock has hit consumers across major economies and forced governments to deploy emergency measures to contain economic fallout. In the United Kingdom,......
The French government is closely monitoring discussions between Pernod Ricard and Brown Forman over a potential merger that could reshape the global spirits market. Officials in Paris are focusing on key issues including the future headquarters location and board composition, according to Bloomberg,......
