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Trump administration estimates Iran war cost at over $11 billion in six days, source says
The war on Iran has cost the U.S. at least $11.3 billion in its first six days, with officials estimating a potential $50 billion funding request. The conflict, which began with U.S. and Israeli airstrikes, has killed approximately 2,000 people and disrupted global markets. Lawmakers are concerned about depleting military stocks and demand public testimony on the administration's war plans.
US to permanently close consulate in Pakistan's Peshawar, its closest mission to Afghanistan
The State Department will permanently close its consulate in Peshawar, Pakistan, a key diplomatic mission near the Afghan border. This closure, part of a broader reorganization, is expected to save $7.5 million annually. Consular services will be transferred to the U.S. Embassy in Islamabad, approximately 114 miles away.
EU warns Iran conflict could push the bloc's inflation above 3%: Report
The European Union faces a potential inflation surge above 3% this year. This scenario hinges on sustained high oil and gas prices due to the Middle East conflict. Economic growth in 2026 could also see a significant slowdown. EU economy chief Valdis Dombrovskis conveyed these concerns to finance ministers. The bloc's economic outlook is under scrutiny.
Trump says 'not finished yet' with strikes on Iran; asks oil companies to use Strait of Hormuz
President Trump urged oil companies to use the Strait of Hormuz, asserting Iran is paying a heavy price for 47 years of global damage. He highlighted the US military's overwhelming success against Iran, stating their navy is largely gone. Meanwhile, Iran warned of retaliation if its ports are attacked, following a UN warning for civilians to avoid port facilities.
Dubai financial & tech hub acts on Iran threat
Iran war: The developments follow the closure of US diplomatic missions in the United Arab Emirates (UAE) after last week's attack near the US consulate in Dubai.
PM Modi flags off six new trains in Tamil Nadu and Kerala
The Railway Ministry notified that four of these trains will offer weekly services, while others operate daily or on specified days.
Senecas Quote of the Day, Luck is what happens when preparation meets opportunity, highlights that success is not random but the result of readiness and effort. The Roman philosopher, statesman, and tutor of Nero believed that preparation, self-discipline, and awareness of opportunities create what people call luck. This article explores the meaning of the quote through themes of effort, Stoic wisdom, and timing, while also covering Senecas life, including his early years in Corduba, exile, political career, influence on Nero, and philosophical legacy.
India must scale up to achieve USD 350 Billion textile economy: Giriraj Singh
NEW DELHI, March 11 : Union Minister of Textiles, Giriraj Singh, on Wednesday stressed the need for the countrys textile sector to expand its global presence and move towards higher-scale and higher-value manufacturing to achieve the governments target of building a USD 350 billion textile economy and USD 100 billion in exports by 2030-31. Speaking at an interaction organised by the Confederation of Indian Industry (CII) with senior officials from the Ministry of Textiles and industry leaders across the textile [] The post India must scale up to achieve USD 350 Billion textile economy: Giriraj Singh appeared first on Daily Excelsior .
Why is Atlassian going to lay off 10% workforce, and will software provider's 1,600 jobs cut announcement push company's shares upwards or downwards? Atlassian announced about 1,600 job cuts as part of a restructuring plan. The company wants to focus on artificial intelligence and enterprise sales. Its shares moved higher in extended trading after the announcement.
UK will never trust him again: Starmer faces Commons wrath after Mandelson-Epstein files dropped
LIVE | Trump pivots to domestic economic issues as Iran warns of oil price surge; lambasts Massie
Assassination attempt on Farooq Abdullah in Jammu; attacker caught on the spot
Can Iran drones attack California on US West Coast or will it launch another cyberattack? A warning by the FBI says Iran may try a drone strike from a vessel near the US coast. The alert mentions possible targets in California. Officials say they have no details about timing or method.
A quote by Michael Mann talks about how people choose to live their lives. He says some people live honestly while others live with pretence. The idea came from his visit to Folsom State Prison while observing life there. The quote reflects simple thoughts about personal choices, truth, and how people decide to live their time.
Oil shock, inflation pressures dampen RBI rate-cut hopes
Economists believe India's policy interest rate cuts are unlikely to continue due to West Asia crisis-driven inflation risks and the fading of a favorable base effect. Sustained foreign outflows and a weakening rupee could also force the Reserve Bank of India to reconsider further easing, potentially even a hike.
India must make garments for all seasons: Giriraj Singh
India sets its sights on transforming into a $350 billion textile powerhouse with $100 billion in exports by the fiscal year 2030-31. To achieve this ambitious target, the industry must elevate its operations to scale up production, enhance value, and streamline garment manufacturing year-round. Moreover, leveraging free trade agreements for market access is crucial.
Supreme Court seeks timeline for CBI probe into NCR housing projects
The Supreme Court has issued a decisive order for the CBI to outline a clear timeline for its investigation into numerous real estate developments in the NCR. The court strongly stated that lingering delays would only intensify the suffering of homebuyers.
Indian insurers are reviewing marine cargo exposures in the Persian Gulf, Strait of Hormuz, and Red Sea due to escalating geopolitical tensions. ICICI Lombard is assessing shipments and introducing a 0.25% war-risk premium for Gulf-linked cargo, while existing policies remain in force. This reassessment aims to manage risks and ensure compliance with war-risk provisions.
Public sector banks still ahead of private peers in credit growth
Public sector banks (PSBs) outpaced private lenders in credit growth during the December quarter of FY26, with loan growth ranging from 17-28% year-on-year. This surge boosted PSBs' market share in loans to 54.4%, while private banks saw a slight decline. Improved asset quality and corporate lending revival fueled PSB momentum.
India to release product list for faster PN3 FDI approvals
The amended foreign direct investment (FDI) policy guidelines have allowed proposals for investments from China and other land-border countries to include advanced battery components, rare earth permanent magnets, rare earth processing sectors, whose applications will be processed and decided within 60 days.
Daily domestic LPG output raised by 25%: Petroleum ministry official
India's cooking gas production has risen 25 percent. Refineries are maximizing output to counter supply halts from the Gulf. This boost helps fill a gap caused by the Iran war impacting imports. Households are advised against panic booking. India's crude oil supply remains secure. Additional crude and LNG cargoes are en route to India.
West Asia conflict could hurt agri input availability: UPL Executive
Geopolitical tensions and disruptions in the Strait of Hormuz are driving up agricultural input costs, with fertilizer prices already surging 50-80%. While shipping, insurance, and energy costs have climbed, immediate agrochemical availability for the upcoming kharif season remains stable due to pre-built inventories.
'$95 for 2 months' US agency predicts prolonged conflict
Brent is up 27% since the start of the war as the Strait of Hormuz is effectively shut and some oil production in the region has been curtailed. We make the assumption in our modelling that the effective closure of the Strait of Hormuz will cause oil production in the Middle East (West Asia) to fall further in the coming weeks. We assume this shut-in production will gradually ease as transit through the Strait resumes, the EIA, the primary federal authority in the US for energy statistics, said in its short-term energy outlook.
Dubai corridor shut amid West Asia war; diamond traders remix 'rough' sources
India's diamond exporters are boosting rough stone purchases from Antwerp and Africa. The West Asia conflict has disrupted the Dubai trade corridor. Demand for rare white and coloured diamonds is increasing. Investors are turning to these diamonds as a safe investment. India processes most of the world's polished diamonds.
FDI policy eased: Relaxed PN3 opens door for global funds with Chinese stakes
In a strategic shift, India has relaxed its foreign investment regulations, facilitating easier entry for companies from the US, Taiwan, South Korea, and Europe that have minimal Chinese ownership.
Iran war impact: Govt mulling diversion of stranded cargo to new markets
India is assessing the diversion of export cargoes stranded by the West Asia crisis to alternative markets. The commerce ministry is seeking details from goods exporters on rerouting options and has also reached out to services exporters to gauge potential risks to trade, including movement restrictions and technology reliance.
Centre holds back on fuel exports ban due to logistics, tax hurdles as West Asia conflict rages
India is not banning fuel exports despite global supply issues. Logistical hurdles, contractual obligations with overseas buyers, and tax waivers for export-only refineries are key reasons. Reliance Industries and Nayara Energy are major exporters. China and Thailand have curbed their exports. India aims to avoid adding to global market turbulence. Domestic refiners prefer selling to state retailers for better returns.
India medical device shortage: Polypropylene price surge threatens syringes, IV bags amid Iran war
India's medical devices industry faces a polypropylene shortage due to the Iran war, causing a sharp price increase of over Rs 55 per kg. This surge, coupled with a deepening gas supply crisis impacting syringe production, threatens small and medium enterprises and overall healthcare delivery.
Travel Risk: Domestic destinations to gain ground this summer
Indian travellers are increasingly booking domestic holidays for the upcoming summer. Global uncertainties and rising travel costs are driving this trend. Destinations like Himachal Pradesh, Uttarakhand, and the North East are seeing high demand. Travellers are exploring cooler weather and unique experiences. Emerging destinations like Jaisalmer are also gaining popularity. This shift indicates a strong summer for domestic tourism.
Food and beverage outlets near shutdown, unable to fulfil online orders amid LPG crisis
India's food and beverages sector faces a severe LPG crisis. Supply disruptions from West Asia are forcing restaurants to close and halt deliveries. Many outlets are reducing menu items to conserve cooking gas. This situation impacts millions of livelihoods and the gig economy. Authorities are reviewing allocations, prioritizing domestic households.
Chinese smartphone companies OnePlus, Realme boost online play
Chinese smartphone makers are moving sales online. OnePlus is telling retailers most stock will be online. Realme has cut its offline sales team. This is to manage rising component costs. Online sales are cheaper than offline. This helps brands offer competitive prices. This shift comes as handset sales are expected to fall.
Jindal Steel bags another iron ore mine in Odisha
The steelmaker won a state government auction for the Rengalaberha North-East Extension and Nuagan West iron ore block on Wednesday by offering a 111.15% premium over the base price, they said.
Amit Shah defends speaker Om Birla, criticizes Rahul Gandhi in Lok Sabha debate
Union Home Minister Amit Shah defended Speaker Om Birla against the Opposition's removal motion, calling it an attack on parliamentary conventions. Shah asserted the Speaker is a neutral custodian and Parliament operates by its rules, not a party's. He also criticized Rahul Gandhi's frequent absences during crucial debates.
Get ready for $200 a barrel: Iran WARNS WORLD, vows not one litre oil will reach US or Israel
Quote of the day by Charles Dickens: His quote on business competition offers a stark view of self-interest. The article explores this quote's meaning, suggesting it can be a critique of selfish behavior. It prompts reflection on ethics and fairness in professional life. Dickens' own life, marked by hardship, shaped his views on social justice.
AI helped to hit more than 5,500 targets: Op Epic Fury Commander reveals US STRATEGY in Iran war
A job seeker shared a shocking offer on Reddit, revealing that his potential employer wanted him to spend the first weeks learning from a long-time employee and then fire that person within 60 days. The current employee has over ten years of experience and built key systems for the company. Online reactions highlighted the ethical dilemma and warned that such a workplace might not value employees, leaving the new hire with a tough decision about accepting the role.
India ready to support oil markets as IEA agrees record release
India has pledged to support global oil markets by taking appropriate measures, aligning with the International Energy Agency's record 400 million barrel oil release. This move aims to stabilize prices that have surged due to the U.S.-Israeli war with Iran, which has disrupted India's own energy supplies.
Assam: CM Himanta Biswa Sarma distributes second tranche of funds under Atmanirbhar Asom Abhijan 1.0
The Chief Minister said that nearly seven lakh young people enter the 18-plus age group in Assam every year, which means around 35 lakh youth join the workforce over five years. Society, he said, must collectively address the challenge of providing employment opportunities for this growing population.
IndiGo is restarting flights to nine Middle Eastern cities and some European destinations on March 12, 2026. The airline is working with authorities to ensure safe travel. Passengers should check flight status for any changes. IndiGo is contacting affected customers to arrange new travel plans. The airline is committed to assisting passengers during this evolving situation.
Eased FDI norms balance capital inflows and strategic safeguards: Experts
India's relaxed FDI norms for land-bordering countries aim to attract capital and technology while safeguarding interests. Experts highlight the pragmatic balance achieved, with a 60-day expedited approval for specified sectors and clarity on beneficial ownership, fostering supply-chain integration and boosting manufacturing.
As life progresses, friendships often become fewer but deeper, a realization many adults experience. Priorities shift, leading individuals to value loyalty and meaningful connections over a broad social circle. This shift highlights the quality of relationships, emphasizing the importance of nurturing enduring friendships.
Which country could replace Iran in the FIFA World Cup? Past boycotts and withdrawals explained
Iran's participation in the upcoming FIFA World Cup is in doubt after the sports minister cited the killing of Ayatollah Ali Khamenei and safety concerns, making it impossible to compete. This statement raises significant questions for FIFA as preparations for the expanded 48-team tournament continue, potentially requiring a replacement for the qualified Iranian team.
AI Actress Tilly Norwood responds to backlash with surreal music video Take The Lead
Tilly Norwood, the AI-generated actress known for sparking Hollywood debate, has released her first music video for the track Take The Lead. The song highlights that AIs not the enemy, its the key, emphasizing how artificial intelligence can collaborate with human creativity. The video combines surreal visuals, humorous nods to Norwoods AI nature, and a large human production team. The release also hints at Norwoods upcoming acting debut and the development of a shared AI universe called the Tilly-Verse.
Jaishankar, Lavrov speak on Iran; Putin dials UAE President
During their talk, Jaishankar and Lavrov focused on the Iran situation and its normalisation. Both nations support SCO and BRICS efforts for de-escalation. They also reviewed bilateral cooperation and upcoming political meetings. This discussion occurred amidst significant Russian oil supplies to India.
Dow Jones today: The Dow Jones today plunged more than 500 points, sending shockwaves across the U.S. stock market. The Dow Jones Industrial Average dropped about 1.1%, while the S&P 500 slipped nearly 0.5% and the Nasdaq Composite declined around 0.3%. The sharp sell-off came after West Texas Intermediate (WTI) crude surged nearly 5% to about $87 per barrel, while Brent crude climbed close to $92. Oracle shares surged nearly 910% after the company reported better-than-expected fiscal third-quarter earnings and revenue. Tesla shares climbed nearly 2%, trading above $400, while Intel rose about 2.5%.
IAB Tech Lab releases CoMP protocol for AI content licensing
The specification will remain open for public comment until April 9, 2026, allowing the industry to provide feedback and support wider adoption. IAB is the global digital advertising technical standard-setting body.
India imported over 18,800 MT of uranium for reactors between 2008-25: Govt
Between 2008 and 2025, India embarked on a journey of nuclear energy expansion, importing significant amounts of uranium for its reactors. This development has catapulted nuclear power generation to new heights. The nation aspires to achieve a formidable 100 GW of nuclear capacity, showcasing projects in progress as well as innovative future plans that incorporate both domestic and global technologies.
Chandrayaan-5 to have heavier lander with longer mission life: ISRO Chief
ISRO is set to embark on an exciting new chapter in space exploration! With plans for Chandrayaan-4 to bring back lunar samples and Chandrayaan-5 housing a more robust lander with a longer operational timeline, the future looks bright. Additionally, the agency is eyeing a mission to Venus, a groundbreaking Mars landing, and a fully operational space station by 2035.
'You wink, blow kisses': Amit Shah mocks Rahul Gandhis 2018 hug-and-wink in Lok Sabha
'Don't shake your head, ANSWER ME!': Johnson blasts Dem witness over ICE opposition in Minneapolis
Iran warns ready for long war that would 'destroy' world economy
Iran said Wednesday it was ready for a long war of attrition that would destroy the world economy, after firing on two commercial ships and threatening any vessels from the US or its allies. The US and Israel must consider the possibility that they will be engaged in a long-term war of attrition that will destroy the entire American economy and the world economy, Ali Fadavi, advisor to the Revolutionary Guards' commander-in-chief, told state television.
CCI dismisses complaint against IndiGo, Air India over alleged market dominance
India's fair trade regulator CCI has dismissed a complaint against IndiGo and Air India. The complaint alleged unfair cancellation charges and market dominance. CCI found no evidence of competition law violations. Refund systems are in place and terms are disclosed. The regulator also rejected a request for a joint investigation into a separate flight cancellation case.
Actors Kritika Kamra and Gaurav Kapur made their first public appearance as husband and wife after tying the knot in a private ceremony at their Bandra home. The couple stepped out together to greet paparazzi, smiling and posing for photos. Their intimate wedding was attended by close friends and family from the film and cricket worlds. Heres a look at how their relationship unfolded before the wedding.
India fully geared to meet coal demand surge amid IranIsrael war energy concerns
India stands ready to tackle any unforeseen escalations in coal demand, with a remarkable inventory of around 210 million tonnes of coal ample for nearly 88 days of energy production. The current scenario showcases a surplus, as coal output and supply surpass what is needed.
Rabies vaccine may not be enough. Doctor reveals 4 ways to prevent death
A young woman's death from rabies highlights preventable tragedies. Experts stress immediate wound washing and Rabies Immunoglobulin for dog bites. Choosing the right hospital and prompt treatment are crucial. India faces a severe rabies crisis, with most deaths due to lack of awareness and delayed care. Proper post-exposure treatment offers 100% prevention.
Centre approves procurement of 1.25 lakh tonnes of rabi crops in Telangana
The procurement will be done under the PSS; the process will include the procurement of 29,860 tonnes of gram, 37,020 tonnes of urad, 55,285 tonnes of groundnut and 3,690 tonnes of sunflower
Stryker cyber attack has intensified debate over whether Iran has opened a new cyber front in the US-Iran conflict. Shares of Stryker Corporation fell about 4.5% after hackers shut down systems across its global network. Investigators suspect the Iran-linked Handala hacker group behind the breach. Reports say the attackers wiped Windows laptops, smartphones, and remote devices connected to Strykers network. The $100 billion medical device giant supplies surgical equipment, orthopedic implants, and hospital technology worldwide. A disruption at Stryker raises concerns about global medical supply chains and healthcare infrastructure. Cybersecurity experts say the Stryker cyber attack could signal rising geopolitical cyber warfare targeting critical healthcare companies.
PM Modi slams DMK dynasty, calls Tamil Nadu an ATM for one family
Most serious crisis we have faced in living memory: Ex DyNSA on West Asia
Former deputy NSA Pankaj Saran said the conflict is a brute reminder of the asymmetry of power structure in the world, and lamented that the rules-based order has been decimated.
How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond
Amid the turmoil in Iran, oil prices are hitting new highs, rippling through everyday expenses in the United States. This surge in oil affects gasoline costs, putting a strain on drivers who are already grappling with heavy fuel expenses. On top of that, increased shipping costs are paving the way for a rise in product prices across the board.
Low strategic stockpiles pose risk to economy, says S&P Global
Nomura cuts growth forecast
Thinking about gold? Heres how a gold IRA compares with physical gold
Gold investment options explained: Investors can own gold directly or through a gold IRA. Direct ownership offers immediate access but requires self-management of storage and security, with profits taxed as collectibles. Gold IRAs provide tax benefits and professional storage but limit access and incur fees. Both methods offer exposure to gold's value as a hedge and store of wealth.
How Trump's war with Iran changed the world in a week
A new war launched by President Trump against Iran is causing significant global disruption. The conflict is reshaping travel, energy, and trade. Countries like Cyprus and the United Arab Emirates face retaliatory attacks. Economists warn of potential oil shocks and stagflation. The war impacts Ukraine's defense and China's economy.
Air India, AI Express plan 58 flights including special services to West Asia for March 12
Air India and Air India Express will operate 58 flights connecting India and West Asia on March 12. These flights include scheduled services and special operations to the UAE, Saudi Arabia, and Oman. Two special flights are planned for Riyadh. Air India Express will also run eight flights to and from Muscat.
The Chief Minister appealed to those responsible to uphold the highest traditions of humanity and ensure the safe and unconditional release of all the civilians at the earliest.
Nebius Group stock surges 15% heres whats fueling the sudden rally
Nebius stock jumped after a big AI partnership with Nvidia. The deal includes a $2 billion investment and plans to build stronger AI cloud systems. Nvidia will also provide advanced computing technology for Nebius. The move shows growing demand for artificial intelligence infrastructure and cloud platforms as tech companies expand AI projects across the world.
Indias crude oil supply is secure, assures government
Two additional crude cargoes are already on the way and will arrive in the coming days, further strengthening the crude oil supply position
US warns of possible strikes on Iran's civilian ports along Strait of Hormuz amid conflict with Iran
The United States on Wednesday warned Iranians that it considers civilian ports in the Strait of Hormuz to be legitimate targets, alleging the Tehran government was using the facilities for military operations. The Iranian regime is using civilian ports along the Strait of Hormuz to conduct military operations that threaten international shipping, the US military said in a statement.
Builders-banks nexus: SC pulls up CBI for probe, says homebuyers agony can't be prolonged
The Supreme Court has expressed strong displeasure with the CBI's investigation into the alleged collusion between banks and developers. This nexus has reportedly defrauded numerous homebuyers across India. The court emphasized that delays in the probe only increase the suffering of flat buyers. It has directed the CBI to expedite its investigation and convert preliminary inquiries into regular cases.
India's Russian oil buy surges 50 pc amid scramble to replace lost barrels
India's crude oil imports from Russia surged by 50 percent in March, a compelling response to the instability wreaking havoc in the Middle East. With the urgency to secure alternative supplies, India is prioritizing its energy needs against the backdrop of geopolitical turmoil.
Pieter Elbers fails the India test
PieterPieter was a much sought-after global executive who played a key role in developing Dutch carrier KLM and Schiphol as an international connector, and was popular among employees. Former CEO Ronojoy Dutta's tenure ended early because IndiGo risked losing the race to hire Elbers to a Middle Eastern carrier.
Annual toll collections have climbed steadily from 3,179 crore in FY21 to 4,975 crore in FY25
Actress Amber Heard's powerful motto, 'Today is what I have,' underscores the importance of living in the present. Her career, marked by diverse roles from 'North Country' to the blockbuster 'Aquaman,' highlights resilience in Hollywood's unpredictable landscape. This philosophy, emphasizing mindfulness and appreciating current opportunities, offers a grounding perspective for navigating life's uncertainties.
Andhra Pradesh: Investments over $15 bn get entangled in local politics
A legal challenge has emerged in Andhra Pradesh concerning land allotments for major projects. An YSRCP MP has filed a public interest litigation questioning the state government's policy of allocating land at a nominal rate. This move has drawn criticism from the ruling TDP, which labels it as anti-investment. The court has directed the government to respond to the petition.
West Asia conflict poses downside risk, India GDP growth seen at 7.1 pc in FY27: Crisil Intelligence
India's economy faces risks from West Asia conflict affecting oil prices. Real GDP growth is expected at 7.1 percent in FY27. This growth will be supported by consumer spending and investment. Exports are also set to grow. Retail inflation may rise to 4.3 percent. The Reserve Bank of India is likely to maintain interest rates.
What Harish Ranas father said after Supreme Court allowed passive euthanasia
The Supreme Court has permitted the withdrawal of life-sustaining treatment for Harish Rana, 32, who has been in a vegetative state for 13 years. Medical boards confirmed no chance of recovery. Rana suffered a severe brain injury in an accident in 2013. His family has fought for three years for this decision. The court acknowledged the family's dedication and compassion.
Jaishankar speaks with Iran, Russia, France, EU on West Asia crisis
Jaishankar stresses the necessity of ongoing consultations to help restore stability to the region
ICAR to host 3-day global conference on women in agri-food system from Thursday
The event will focus on sharing inspiring success stories of women leaders and scientists, integrating gender-sensitive approaches into agricultural policies and institutions, etc.
Government reviews measures to strengthen maritime capacity
Chaired by Ports, Shipping and Waterways Minister Sarbananda Sonowal, the meeting brought together members of the National Shipping Board (NSB), industry leaders, maritime stakeholders and senior ministry officials to deliberate on operational issues and policy priorities affecting the sector, an official release said.
Crude volatility puts pressure on electronics supply chain, makers brace for margin hit
Key plastic materials such as Acrylonitrile Butadiene Styrene and polypropylene, derived from crude and widely used in device casings, have seen prices rise 45-50 per cent
Prioritising LPG production in refineries helps boost output by 25%
70% of Indias crude imports now routed outside Strait of Hormuz; energy suppliesare secure, assures govt
4,000 workers went offline after the Stryker cyber attack hit global systems. The breach disrupted operations at Stryker Corporation across Europe, Asia, and the United States. Investigators suspect the Iran-linked Handala hacker group behind the attack. Early reports indicate hackers deployed wiper malware, a destructive cyber tool that deletes data and disables devices instead of demanding ransom. The incident shut down company laptops, network access, and internal platforms. Experts say the Stryker cyber attack may be linked to rising US-Iran cyber tensions. As a major global medical device manufacturer serving hospitals worldwide, disruption at Stryker raises concerns about medical supply chains and healthcare technology infrastructure.
The ongoing West Asia conflict has triggered a worrying scarcity of commercial LPG cylinders across India, leaving many businesses, especially eateries and food vendors, in a difficult position. As they scramble to adapt, some are shifting to alternative cooking solutions like induction plates or reverting to firewood, creating a palpable sense of unease among proprietors.
West Asia War: Commercial LPG crisis paralyses hotel operations in Kerala
The vibrant hospitality scene in Kerala is dimming as hotels and eateries grapple with an alarming shortage of commercial LPG. Operations are in jeopardy as many establishments struggle to procure enough cylinders to meet daily demands. This crisis eerily mirrors the hardships experienced during the COVID-19 pandemic, forcing owners to revise menus and navigate heavy financial burdens.
India is launching a groundbreaking Virtual Asset Lab to identify unregistered offshore virtual asset service providers. This initiative targets firms that exploit international boundaries to evade Indian regulations and facilitate money laundering. With this proactive measure, India is reinforcing its financial security and enhancing regulatory monitoring in the burgeoning realm of virtual assets.
FDI easing not for Chinese firms; to benefit entities with minority Chinese holding
India has eased foreign investment rules. Overseas firms with up to ten percent Chinese shareholding can now invest automatically. Companies from China and nations sharing land borders with India will get faster approvals for investments in key manufacturing sectors. This aims to boost domestic production and attract foreign capital. The government is streamlining processes for greater certainty for investors.
Kadapa MP seeks new railway line to boost local economy
Avinash Reddy urges Railways to act on Andhra Pradeshs proposal to link Pulivendula, Muddanur and Puttaparthi, citing connectivity to cement plants and the Kopparthi industrial estate
While some FDI norms are being eased, broadly the processes for security and political clearances will remain in place, said DPIIT Secretary
Retail inflation in Feb likely to have moved above 3%
The Indias Statistics Ministry is set to release February's retail inflation data on Thursday
