Economy

Analysts also believe the government is deliberately opting for phased fuel hikes to avoid a sharp spike in retail inflation and minimise second-order effects on consumption.

The ministry has also directed these institutions to progressively phase out petrol- and diesel-powered hired vehicles and adopt electric vehicles over time as part of broader cost-control and sustainability efforts.

Under-recoveries suffered by OMCs have reduced from around Rs 1,000 crore per day earlier to Rs 750 crore per day after the recent increase in fuel prices.

US President Donald Trump made over 3,700 trades in Q1, including shares in Nvidia, Amazon, Apple, and a $600 million conveyor belt sushi chain, Kura Sushi USA.

Japanese PM Sanae Takaichi has requested the finance ministry to prepare a supplementary budget to address rising commodity prices amid the Middle East conflict.

Addressing a joint press meet alongside Prime Minister Narendra Modi and Swedish PM Ulf Kristersson, von der Leyen said the EU and India remain committed to signing and implementing the landmark trade agreement within 2026.

Speaking to NDTV Profit, Freris said the current crisis could accelerate the creation of alternative export routes, making Hormuz "irrelevant in about a year."

In the national capital, petrol is still selling at Rs 97.77 per litre, while diesel is priced at Rs 90.67 per litre. Rates are comparatively steeper in Mumbai, where petrol is being sold at Rs 106.68 per litre and diesel at about Rs 93.14 per litre.

Brent crude advanced above $110 a barrel after gaining nearly 8% last week, while West Texas Intermediate approached $107.

The United States has failed to offer any concrete concessions, in response to Iran's proposed agenda for ending the war, Tehran's semi-official Mehr news agency reported.

Both leaders underlined the need to combine complementary strengths, with Modi highlighting India's scale and growth momentum alongside Dutch leadership in high-technology and innovation-driven sectors.

Prime Minister Narendra Modi is visiting Sweden for the first time since 2018, with trade, defence, technology and strategic cooperation expected to dominate discussions.

The expiration effectively ends for now a brief period where the administration eased sanctions on some Russian oil.

Developers seek force majeure status, project timeline extensions as supply chain and labour challenges intensify

The significant policy shift comes just days after it sharply raised customs duties on precious metals.

The ministry said Beijing and Washington will adopt a series of measures, including mutually cutting levies on certain products, to expand bilateral trade in areas including agriculture.

Bharat Petroleum is reportedly exploring temporary supply arrangements for Azeri and African crude varieties in a move aimed at cutting its dependence on Persian Gulf oil.

The visit to the four European countries comes in the backdrop of the India-EU FTA that was finalised earlier this year and the India–EFTA TEPA, which was entered into in 2025.

A trade thaw, a fuel price hike and a tighter fiscal tone — three signals, one larger story.

India and the Netherlands have significantly expanded cooperation in recent years beyond traditional sectors such as trade, investment and the priority areas of water, agriculture and health.