In an exclusive interview with NDTV Profit, ONGC Director (Exploration) OP Sinha said the company's first Samudra Manthan gas strike in the Mahanadi basin will significantly cut India's import dependence, currently at 50% of demand.
Macro
ONGC Mahanadi Find Will Trim India's Gas Imports Significantly, At 50% Now
NSE's Shareholders Retain Significant Stake Even After Tendering Shares In OFSMajor institutional investors have sold only a small portion of their NSE holdings, retaining sizeable stakes after the OFS.
RBI Rate Hike Bets Rise After US Fed Move: Why October Policy Is Now A Close CallFor India, the transmission is already visible. The rupee is hovering around the 96-per-dollar mark, US 10-year Treasury yields have crossed 5%, and Brent crude remains above $100 a barrel.
India Targets Double EU Exports Within Three-To-Four Years Under FTAIndia plans wider engagement with EU nations and expects exporters to expand capacity and meet standards to maximise the benefits of the trade pact.
Moody's Raises India FY27 Growth Forecast To 7% From 6%The upward revision follows India's real GDP growth of 7.7% in FY26, accelerating from 7.1% in the previous year. Moody's latest forecast is also higher than the Reserve Bank of India's June projection of 6.6% growth for FY27.
Monsoon Deficit 'Manageable', 6% Food Inflation Will Ease By Year-End, Says CEAObservers and policymakers are closely monitoring whether the domestic economy can handle this new wave of instability as well as it managed during the market disruptions from March to July
India's August Vegetable Oil Imports Fall 4.7% On Lower Palm-Oil Purchases, Weak RupeeTotal edible oil stocks stood at 20.43 lakh tonnes as of September 1, up 31,000 tonnes from 20.12 lakh tonnes a month earlier.
August Retail Inflation Soars To 4.82% As Food Prices Rise FurtherFood price-based inflation soared to nearly 6% in August, dragging the headline CPI numbers higher.
Petrol, Diesel Prices On September 9: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And MoreGlobal crude prices are nearing $100 a barrel, but petrol and diesel rates remain unchanged across major Indian cities on Sept. 9.
$100 Crude Could Spell Trouble; Underweight Pvt Banks, IT, Says Aniruddha Sarkar Of EquinovaDespite the inflation risk and elevated crude prices, Sarkar believes Indian macros and corporate earnings remain strong. He also reiterated that the recent surge in crude prices is temporary.
US Retains 50% Dominance In India's LPG Imports Even As Gulf Supplies Surge In AugustGulf LPG supplies nearly double in August, but the US continues to command over half of India’s import market despite a monthly decline in shipments.
SEZ Revamp On The Anvil; Government Plans Common Export FrameworkGovernment weighs common rules across SEZs and other export schemes to curb scheme shopping, ease switching and simplify payments for businesses.