Indian refiners have begun negotiating for additional crude cargoes from the U.S., Russia and West Africa to ensure supplies remain adequate in the event the West Asia conflict drags on for a longer period, industry officials and analysts said. Refineries, which convert crude oil into fuels like petrol and diesel, have deferred planned maintenance shutdowns…
As the mercury starts rising, leading room airconditioner makers are increasing prices in the range of 5-15% to offset sustained increases in raw material costs and supply chain expenses. The hikes, being rolled out between February and April, come just ahead of the peak summer season when demand typically surges. Leading players, including Daikin, Voltas,…
For decades, diamonds in India have been deeply intertwined with tradition. They symbolised weddings, family milestones and generational wealth, with purchasing decisions often guided by customs passed down through families. The act of buying a diamond was rarely a purely personal decision; it was rooted in cultural expectations and legacy. But the Indian diamond buyer…
Liquified Petroleum Gas (LPG) is largely used for cooking gas across India. | Photo Credit: Nagara Gopal The West Asia conflict has sharply stressed India’s use of natural gas and cooking gas for a variety of applications. The government has today issued directives to prioritise cooking gas supplies. Liquified Petroleum Gas (LPG) is largely used for cooking gas across India. The…
The story so far: The Strait of Hormuz, one of the world’s most strategically important chokepoints, has been experiencing a near-total collapse in commercial traffic following rising tensions in West Asia. More than 20% of the world’s total oil and gas shipments, and nearly 40% of India’s, pass through the strait. What is the significance…
Minister of State for New and Renewable Energy, Shripad Naik. File | Photo Credit: ANI The peak power demand is projected to be around 270 GW this summer, and there will be no effect on regular electricity supply due to West Asia crisis, Minister of State for Power Shripad Yesso Naik said on Saturday (March…
Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto The government on Saturday (March 7, 2026) announced standards of green ammonia and green methanol for India to accelerate trade of green hydrogen derivatives under the National Green Hydrogen Mission. The mission was approved by the Union Cabinet on January 4, 2023, with an…
Less than four months after issuing a revision to India’s earthquake zoning framework, the Centre has withdrawn its own notification following a major backlash from several government departments, Metro Rail corporations and infrastructure authorities that apprehended a surge in construction costs of marquee projects nationwide, The Hindu has learnt. The Bureau of Indian Standards (BIS) had issued…
As central banks continue to diversify into non-dollar reserves, with a marked increase in their gold holdings, the gold price is expected to rise further, per an assessment by SBI’s Economic Research Department. They also hinted that Central Banks, especially the US Fed, may go in for gold reserve revaluation as a quick fix for…
India said it was pushing ahead with imports of Russian oil, after a temporary U.S. waiver to import crude from Moscow due war in West Asia — but adding it did not need Washington’s permission. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India said on Saturday (March 7, 2026) it was…
