Economy

On the flip side, upstream oil companies are poised to gain as spike in crude prices will translate to more revenue, Crisil said in a report.

Amitabh Kant's warning comes amid the escalating war in the Middle East, which has led to the closure of Strait of Hormuz.

Maharashtra accounts for the highest share of about 14% in India's nominal GDP, followed by Tamil Nadu (9.4%) and Uttar Pradesh (9%).

A drastic decline in the number of beneficiaries could lead to a reduction in budget allocation for the scheme.

Support from US stocks offered Asian traders a partial reprieve from Wednesday's broad regional declines, as investors continued to assess the war's impact on growth and inflation.

The switch operation is expected to ease redemption pressure in the next financial year, when government bond maturities worth Rs 5.47 lakh crore are due.

Trump last month put a 10% universal levy in place after the Supreme Court invalidated most of his previous tariff regime.

India's production cuts come as supply disruptions ripple through commodities markets, raising prices and stoking broader economic concerns.

India, which depends on long-term LNG contracts with Qatar for a significant share of its gas needs, has seen a temporary suspension of cargoes, leading to supply cuts up to 40% for a range of industrial consumers and city gas distribution (CGD) companies.

This comes merely a month after India decided to stop buying Russian Crude as part of the India-US trade deal.

India is the world's second-largest LPG buyer and buys more than 90% of its supply from the Middle East, according to data intelligence firm Kpler.

Leading insurers including NorthStandard, American Club, Swedish Club, Skuld, Gard and the London P&I Club have withdrawn war risk cover, citing mounting threats to vessel safety.

Are tariffs inherently bad, or are they misjudged through the free-trade lens? The answer, as economic theory and historical evidence suggest, is more nuanced than either side admits.

The HSBC India Services PMI slipped to 58.1 in February from 58.5 in January, coming in below the preliminary estimate of 58.4.

Shares of Shipping Corporation of India Ltd. are trading over 1.5% down today, at around Rs 252 apiece. Great Eastern Shipping Company Ltd shares are also trading 1.30% lower at around Rs 1,309 apiece.

Aramco typically exports the bulk of its crude from ports within the Gulf, but conflict in the Middle East has led to a logjam of vessels.

We will be back with live updates of the war tomorrow.

Last month, India's Mines Minister G. Kishan Reddy said that three hard rock deposits holding 1.29 million metric tons of rare earth oxides were identified in Rajasthan and Gujarat.

India's white-collar hiring rose 12% year-on-year in February, led by a rebound in IT and a sharp surge in AI/ML roles, with the Naukri JobSpeak Index hitting 3,233.

India is among the most exposed major economies. Roughly 50% of crude imports, about 60% of LNG and nearly all LPG transit Strait of Hormuz.