Economy

Turmeric is a cash crop cultivated in nearly 2 lakh acres in Hingoli district, and the Vasmat variety received a Geographical Identification (GI) tag in 2024.

India has granted quota-based duty concessions on gold imports under the tariff rate quota.

This increase reflects broad-based expansion across sectors and highlights the steady growth of the unincorporated non-agricultural sector.

Rupee is set to reach 96 against the dollar, while the 10-Year yields could drift higher and touch 6.95%, Emkay warned.

Traditional shipping routes through Europe are facing constraints, forcing exporters to reroute via the Cape of Good Hope, significantly increasing logistics costs.

The US issued its third waiver for restricted oil on Friday, allowing purchases of Iranian oil already on the water.

She emphasised that the current crisis is not just a price shock but also a supply shock, which makes it more damaging.

Delhi's budget stands at a massive Rs 1.03 lakh crore, while Mumbai's BMC clocks in at Rs 80,952 crore. But this isn't an apples-to-apples comparison.

Amazon said it is working to migrate affected customers to alternative AWS regions as recovery efforts continue, but did not disclose the extent of the damage or provide a timeline for restoring full operations.

Companies with inventories bought in January or February benefit from inventory gains in the March quarter, but supply disruptions, feedstock unavailability, and margin pressures may impact performance if the conflict continues into the next month

HSBC India Manufacturing PMI slipped sharply to 53.8, down from 56.9 in the previous month, marking its weakest reading since September 2021.

Exporters will get rates as applicable on Feb. 22, a move that is expected to boost liquidity support.

Lower gas availability can hit production efficiency and affect the revenue of Q1 FY27.

Pakistan has also announced austerity measures including work from home and online classes.

The bill aims to simplify compliance requirements and reduce the use of criminal provisions for certain corporate lapses.

One of the key challenges currently is the uncertainty due to the conflict and how much the oil price will rise if the tensions continue, says Pallab Banerjee of Pearl Global.

The Jag Vasant and the Pine Gas, two India-flagged very large gas carriers, traveled northwards from the UAE coast toward Iran's Qeshm and Larak islands early Monday.

Modi said the government has taken steps to ensure limited disruption in petrol, diesel and LPG supplies to the public. The country has 53 lakh metric tonnes of strategic crude reserves.

Rupee ends at 81.68, depreciating marginally against the U.S. dollar.

Parliament is set to take up key legislation as the Budget Session resumes, with focus on fiscal measures and corporate law changes that could shape the business environment.