Govt absorbing up to Rs 2,700 per urea bag as global costs rise to Rs 3,000: Nirmala SitharamanUnion Finance Minister Nirmala Sitharaman stated that the Centre absorbs a significant urea subsidy for farmers. This subsidy currently sta...
Government extends RoDTEP export tax refund scheme by three months till December 31The government has extended the RoDTEP scheme until December 31, 2026, to support exporters amid challenges. This extension maintains the e...
- Rating upgrades moderate in H1 as India Inc faces multiple headwinds
Rating upgrades moderated in the first half of the financial year as companies faced headwinds from the West Asia conflict, rising crude pr...
Export schemes extended amid West Asia crisisThe Centre extended the duty refund scheme Remission of Duties and Taxes on Exported Products (RoDTEP) and the Rebate of State and Central ...
Enhanced insurance cover for West Asia exports extended to March 2027Indian exporters will continue to receive upgraded insurance protection against buyer payment defaults until March 31, 2027. The expanded c...
‘Major food crisis’ looms in coming months: S JaishankarS. Jaishankar highlighted the looming food crisis caused by fertiliser shortages from geopolitical tensions in Ukraine and the Gulf. He emp...
Corporate credit profile remains strong in H1FY27 despite West Asia conflict: Ind RaIndian companies' credit profiles showed resilience during the first half of fiscal year 2026-27. Despite the energy shock from the West As...
Iran Rial hits record lowIran's currency, the rial, has fallen to over 2.5 million rials against the US dollar recently. This decline reflects the negative impact o...
DGMA extends validity of seafarer competency certificates amidst continuing Gulf crisisThis decision comes due to continued maritime security issues in West Asia and surrounding regions. Indian seafarers on vessels may face is...
UK terror plot: All five suspects released on bailThe five suspects, who haven't been named, were initially held over suspected explosives offenses, and later also arrested on suspicion of ...
Russian crude cushioned India from oil shock, says Andrey RudenkoRussian deputy foreign minister Andrey Rudenko highlighted the reliability of Moscow as an energy partner. He stated that Russian oil suppl...
India, GCC review cooperation, welcome launch of FTA negotiations at New York meetingIndia and the Gulf Cooperation Council held a Troika Ministerial Meeting to review their Joint Action Plan. The meeting included discussion...
Band, Baaja, Back? West Asia looks to tie the knot with IndiaIndian destination wedding bookings in Dubai and other West Asian destinations are showing signs of recovery after cancellations earlier th...
India, France, UAE discuss West Asia, trilateral cooperationIndia, France, and the United Arab Emirates conducted a trilateral ministerial meeting during the United Nations General Assembly. The meet...
LPG losses reach Rs 300/cylinder, OMCs’ petrol, diesel margins turn negative; daily hit at Rs 530 crore: ICRAOMCs are facing mounting pressure as elevated crude oil prices push petrol and diesel marketing margins into negative territory, while dome...
Iran's actions risk 'global economic instability', says G7; warns West Asia conflict may escalateThe G7 warned that Iran's actions risk further escalating the West Asia conflict, undermining international trade and creating global econo...
Oil’s sea lanes get tougher to navigate; India must press Iran to ease Hormuz blockadeSea lane disruptions in the Red Sea and Persian Gulf impact India's oil imports significantly. India faces challenges securing oil from Wes...