India procuring Iranian crude, diversion of cargo not because of payment issue: Govt clarifies
Albeit dismissing news reports about Iranian crude being diverted from Indian shores because of payment issues, the Ministry of Petroleum and Natural Gas (MoPNG) informed that Indian refiners are indeed purchasing Iranian crude. | Photo Credit: Getty Images/iStockphoto Albeit dismissing news reports about Iranian crude being diverted from Indian shores because of payment issues, the…
Patented drug tariffs: India more or less shielded, says GTRI
This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto India is unlikely to be significantly impacted by U.S. President Donald Trump’s announcement of 100% tariffs on certain patented drugs, as the country primarily exports low-cost generic medicines to America, think tank GTRI said on Friday (April 3, 2026). Mr. Trump signed…
IndianOil says LPG supply stable, warns against panic booking amid global tensions
The company said it is delivering around 28 lakh LPG cylinders daily, in line with normal levels prior to the current tensions, with uninterrupted supply to households. File. | Photo Credit: NAGARA GOPAL Indian Oil Corporation (IOC), the nation’s biggest oil firm, on Friday (April 3, 2026) said liquefied petroleum gas (LPG) supply in India…
Exports during 2025-26 to record positive growth despite global challenges: Official
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s exports have sustained healthy momentum despite global headwinds and are expected to post positive growth in 2025-26, a senior official of the Commerce Ministry said on Friday (April 3, 2026). The exports and imports data for the month of March and the full…
Silver slumps ₹9,000, gold declines ₹3,500 on weak global trends
Spot gold ended the sharp surge of three sessions on Thursday. Silver prices fell sharply by ₹9,000 to ₹2.37 lakh per kilogram in the national capital on Thursday, while gold declined ₹3,500 to ₹1.51 lakh per 10 grams amid a bearish sentiment in the domestic market. According to the All India Sarafa Association, the white…
Hyundai Motor flags export disruptions as West Asia conflict hits shipping
Hyundai Motor is pictured at Pyeongtaek port in Pyeongtaek. Image used for representation purpose only. File | Photo Credit: Reuters Hyundai Motor said on Friday (April 3, 2026) that exports to Europe and North Africa, which typically transit through the West Asia, were being disrupted by the conflict in the region, underscoring growing strains on…
Ship carrying Iranian oil shifts course midway from India to China
A U.S.-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India – where it would have marked the first such shipment in nearly seven years – to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the U.S. in 2025, is now signalling Dongying in China…
West Asia crisis: Petroleum Secretary met State Chief Secretaries, addressed concerns about LPG for autos, migrant workers
Neeraj Mittal, Neeraj Mittal, Secretary at the Union Petroleum Ministry. File | Photo Credit: The Hindu To review fuel supply situation in the country, Neeraj Mittal, Secretary at the Union Petroleum Ministry Thursday (April 2, 2026) chaired a meeting with Additional Chief Secretaries and Principal Secretaries (Food and Civil Supplies). Also Read | LPG and…
Central banks gold purchases net up in February, but Russia, Turkiye sell
Gold purchases by central banks in February were led by the National Bank of Poland (NBP) and Uzbekistan but Turkiye and Russia turned sellers, data from the World Gold Council (WGC) showed. Banks were net buyers of 19 tonnes, driven largely by a 20-tonne purchase by NBP. The Polish central bank resumed buying after a…