India launches nationwide census as World’s most populous country

India has begun a massive nationwide census, marking the first such exercise in over a decade and reaffirming its position as the world’s most populous country. The operation, originally scheduled for 2021, was postponed due to the COVID-19 pandemic. With a population estimated at around 1.4 billion, India faces both opportunities and......

India’s fiscal deficit reaches 80% of 2025/26 target by February

India’s fiscal deficit for the period from April to February reached 12.5 trillion rupees ($132 billion), or approximately 80% of the government’s target for the 2025/26 financial year, according to official data released Monday. Net tax revenues rose to 21.5 trillion rupees, up from 20.2 trillion rupees during the same period......

HDFC Bank Chairman’s exit raises concerns over leadership tensions

The unexpected resignation of the chairman of HDFC Bank has drawn attention to internal tensions within one of India’s largest private lenders, raising concerns among investors and market observers. Atanu Chakraborty stepped down from his role citing differences related to “values and ethics,” a move that triggered a sharp......

Indian banks request three-month window to comply with new FX limits

Several Indian banks have asked the Reserve Bank of India (RBI) for a three-month period to comply with newly imposed foreign exchange position limits, according to sources familiar with the matter. Banks warn that immediate enforcement could lead to disorderly position unwinding and potential financial losses. The central bank recently mandated......

India relaxes kerosene regulations to address energy supply disruptions

The Indian government announced on Sunday a relaxation of petroleum safety and licensing regulations to accelerate the distribution of kerosene to households, responding to global energy supply disruptions caused by the ongoing conflict involving Iran. According to the Ministry of Petroleum and Natural Gas, the measures will allow ad‑hoc......

WTO talks stall as U.S.-India divide over e-commerce duties persists

Negotiations at the World Trade Organization have reached a critical impasse as ministers enter the final day of discussions without a clear agreement on key reform issues, particularly the future of digital trade rules. Talks are taking place during a high-level ministerial meeting in Yaounde, where representatives are attempting to bridge......

Europe's energy crisis deepens as Iran war shockwaves spread across three continents

One month into the U.S.-Israeli war against Iran, the economic shockwaves of the conflict are spreading well beyond the Middle East, pressing households and industries across three continents. Iran's effective blockade of the Strait of Hormuz, through which roughly one fifth of global oil and liquefied natural gas normally flows, has triggered......

Hormuz shipping paralysis blocks a third of global fertilizer trade as food crisis deepens

Four weeks into the war between the United States, Israel and Iran, the near-total paralysis of the Strait of Hormuz has blocked one third of global seaborne fertilizer trade, triggering a price surge and prompting the United Nations to warn of a "systemic shock" to global food systems as planting seasons begin across the Northern......

Asian airlines slash flights from April as jet‑fuel crisis bites

Asian airlines are cutting flights heavily from April 2026 as a spike in jet‑fuel prices pushes the region toward what analysts are calling the worst aviation crisis since the pandemic. The war between the United States, Israel and Iran, along with disruptions to oil flows through the Strait of Hormuz, has sent aviation fuel costs soaring,......

India approves purchase of new air defense missiles from Russia

India has approved a major defense acquisition plan that includes the purchase of new air defense missile systems from Russia, signaling a continued strategic partnership between the two countries despite mounting geopolitical pressure. According to official sources, the Indian Ministry of Defense authorized a broad procurement package valued......

BASF opens largest-ever China plant amid overcapacity concerns

BASF inaugurated Thursday its massive Verbund integrated chemical complex in Zhanjiang, Guangdong province, southern China the company's biggest single investment in 160 years at 8.7 billion euros across four square kilometers employing over 2,000. Launch timing shadows short-term profitability amid industry overcapacity and weak margins.......

Foreign investors pull record funds from India as oil shock hits rupee

India is experiencing a historic outflow of foreign capital as investors retreat from bonds and equities, driven by rising oil prices linked to the ongoing conflict in Iran. Since February 28, foreign portfolio investors have sold a net $12.14 billion of Indian shares, marking the largest monthly exit on record. Bond markets have also been......

Indian regulator reviews HDFC Bank Chairman’s resignation letter

India’s market regulator has initiated a preliminary review of former HDFC Bank chairman Atanu Chakraborty’s resignation letter to assess potential violations of rules governing directors of listed companies, according to sources familiar with the matter. In his letter, Chakraborty cited "certain happenings and practices......

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