Economy

Urea stocks currently stand at about 62 lakh tonnes, roughly 10 lakh tonnes higher than the level seen last year, while DAP stocks are at 25 lakh tonnes, almost double the year-ago level.

Amid US-Iran tensions, fear and panic has gripped India, which imports a large share of its energy.

Fuel prices for petrol and diesel have remained stable in major cities, even as international crude oil markets continue to experience fluctuations.

Veteran business strategist says China's dominance in key industries—from rare earths to solar—has reshaped global supply chains, leaving the US and its allies scrambling to rebuild manufacturing power.

Reduction in US tariff amid steady domestic demand will help Indian diamond polishers log a 6-7% y-o-y growth in revenue in FY27 to $15.0-15.5 billion, Crisil Ratings said in a report.

Inflation-adjusted consumer spending increased 0.1% from the prior month, according to Bureau of Economic Analysis data.

The remarks came after the United States Trade Representative (USTR) on March 11 launched a fresh round of Section 301 trade investigations targeting policies and industrial practices of 16 economies, including India and China.

The supply of PNG (Piped Natural Gas) to domestic consumers and CNG (Compressed Natural Gas) is being ensured without any interruptions or cuts, the ministry said.

Fitch ratings saw India's GDP growth at 7.5% for FY26, but expects it slowing down to 6.7% in FY27.

Through the second batch of supplementary demands, the government sought Lok Sabha approval for spending a gross Rs 2.81 lakh crore extra in the current fiscal year.

The petitioners have sought directions to ensure adequate supply of domestic LPG cylinders, contending that despite policy mandates prioritising household consumption, supplies to the domestic market have remained constrained.

American workers and firms have been forced to compete against foreign producers who may have an artificial cost advantage due to forced labour, said US Trade Representative Jamieson Greer.

The "forced labour" probe comes a day after the USTR said it has evidence of "structural excess capacity and production" in India and started probe under Section 301 for alleged unfair practices.

Bessent has previously suggested the US could "unsanction" additional Russian oil to ease price pressure in the oil market.

Continuing claims, a proxy for the number of people receiving benefits, also fell to 1.85 million in the previous week.

The fund, which will provide subsidies for chip design projects, manufacturing equipment and supply chain development, may be launched in two to three months.

Notably, this is the second month that the inflation was recorded under the new series, and before the on-going war in the Middle East began.

Puri's announcement came amid a global energy disruption caused by the Iran war and attacks on the Strait of Hormuz.

Ethanol is an emerging alternative to LPG and is being cited by studies, governance policies and global bodies across the world as a viable source of energy.

The company's pipeline is the healthiest it's been in quite a while, said CEO Anantharaju.