India is often described as an “underinsured” country. This claim is usually backed by two numbers that appear regularly in official speeches, policy papers, and media commentary: life insurance penetration and density. Low values of these indicators are taken as proof that insurance coverage in India is inadequate and that large sections of the population…
“Not every customer is willing to pay higher airfares, so there is a limit to how high we can price before demand drops,” Air India CEO Campbell Wilson said. File | Photo Credit: The Hindu Air India CEO Campbell Wilson warned airline employees of a possible travel demand squeeze due to the rising cost of…
Refiners plan to resume buying Iranian oil while refiners elsewhere in Asia are examining such a move after Washington temporarily removed sanctions to alleviate an energy crunch caused by the U.S.-Israeli war on Iran, traders said. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Refiners plan to resume buying Iranian oil while…
A farmer sprays pesticides in a watermelon field, in Nagaon. File. | Photo Credit: ANI CropLife India, an umbrella body of various pesticide manufacturers, has warned of about 20-25% increase in the pesticide and crop protection chemicals as an impact of the war in West Asia. They said the increase in prices is driven by…
The government, however, assured that this is limited only to the premium variants and that the prices of the normal grades of petrol and diesel remain unchanged. | Photo Credit: Muthuganesapandy. M In what could be the first sign of cracks due to the fiscal stress brought on by skyrocketing global oil prices, Indian oil-marketing…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Crude prices fell more than 2% on Friday (March 20, 2026) after Israeli Prime Minister Benjamin Netanyahu said Iran was being “decimated” and that the war would end earlier than many feared. Traders also welcomed U.S. President Donald Trump’s remarks that Israeli forces would…
Cargo ships sail in the Arabian Gulf towards Strait of Hormuz in United Arab Emirates on March 19, 2026 | Photo Credit: AP Iran is putting together an approval process for allowing safe passage of ships through the Strait of Hormuz, according to Lloyds List Intelligence (LLI), a maritime data and intelligence company. India, which…
Rajesh Kumar Sinha, Special Secretary, Shipping and Waterways Ministry, and Sujata Sharma, Joint Secretary, Petroleum & Natural Gas Ministry, (right) addressing the media at Inter Ministerial Briefing on Recent Development in West Asia at National Media Centre, in New Delhi on March 19, 2026. | Photo Credit: Shiv Kumar Pushpakar Seeking to keep track of…
Two LPG carriers and one oil tanker — Shivalik, Nanda Devi and Jag Laadki — were evacuated earlier, escorted by the Indian Navy from the Gulf of Oman region. | Photo Credit: Reuters 22 India-bound vessels in the Persian Gulf region have been identified for evacuation and safe passage through the Strait of Hormuz by…
A view of the Indian Oil Corporation refinery at Noonmati, in Guwahati. File. | Photo Credit: ANI The Ministry of Petroleum and Natural Gas has ordered oil and gas companies to share details on exports, imports and inventories with a government agency, as India seeks to shield consumers from shortages amid rising global prices triggered…
