Economy

Kotak noted that while the direct economic fallout of escalating Middle Eastern tensions — specifically the conflict involving Iran—has been largely muted over the last eight weeks, that grace period is ending.

The GST Council is expected to meet before mid-July,  just ahead of the monsoon session of Parliament, with ride-hailing taxation and broader compliance simplification both on the likely agenda.

The Treasury Department said the IRGC has increasingly used offshore shell companies to conceal Iranian oil sales to China.

Rupee opened at Rs 95.57 against the US dollar and then fell further to an all-time low of Rs 95.63

PM Modi's six-day visit to five nations from May 15-20 will focus on energy, trade, defense, innovation, and strategic partnerships, while strengthening India's ties with Europe, the Gulf region, and Nordic countries.

Theoretically, if the situation does not improve and losses remains consistent, these companies have only two more quarters before their net worth slip into negative territory.

Rising global fertiliser prices linked to the West Asia crisis push up India’s subsidy burden, even as the government keeps retail rates unchanged for farmers.

As per the government release, the overall Labour Force Participation Rate (LFPR) for persons (15+ years) reported as 55.5% in January-March 2026 compared to 55.8% in the previous quarter.

The RBI expects GDP growth to be at 6.9% for 2026-27, according to an estimate released in the prior month.

Gold and consumer electronics are considered non-essential imports and steps could be taken to restrict those items.

BPCL Chairman Sanjay Khanna has stressed on expanding LPG storage, at a time when geopolitical tensions and supply disruptions sharpen focus on long-term energy security.

Rising crude prices and mounting LPG under-recoveries threaten to erase OMC profits, even as the Centre rules out immediate fuel price hikes.

Oil Secretary Neeraj Mittal said India has sufficient fuel supplies and no plans for rationing, even as the government urges citizens to adopt energy-saving measures.

Supply disruption from the Middle East will continue to impose high costs, Shaktikanta Das said.

Singh said that the Centre was taking concrete steps to mitigate the impact from these developments.

The decision to exclude the minimum wage fixation formula from the final wage rules may lead to workers receiving lower pay than they otherwise could.

Speaking at CII Business Summit, Mittal said, "These are difficult times.The issue in West Asia is creating a tremendous amount of pressure on global economies. India is no different."

The Centre's broader objective is to build a nationwide voluntary public movement to help India navigate global economic disruptions and energy market volatility.

India faces significant near-term economic vulnerability as surging crude prices strain its external accounts, Trinh Nguyen, senior economist for emerging Asia at Natixis, has told NDTV Profit — even as she argued the oil shock due to the Iran-US war itself was unlikely to persist.

Of the 37 analysts tracking this stock, 28 have a 'buy' call, six have a 'hold' call, and three have a 'sell' call on Titan.