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The Hindu Businessline

Economy / The Hindu Businessline

India buys Russian oil irrespective of US sanctions or waivers

Petroleum ministry says purchases driven by commercial logic, not waiver or no waiver

18 May 2026 4:59 pm
How Indias LPG shortage is driving up Californias gasoline prices

Shrinking alkylate supply (motor fuel additives made using LPG as feedstock) from India and reduced Asian exports are driving up pump prices in California

18 May 2026 4:48 pm
Chandrababu Naidu asks Centre to resolve crises faced by aqua, tobacco farmers

While the aqua sector is struggling with new US tariffs and falling domestic prices, the tobacco industry faces a sharp decline in sales and pricing following an increase in cigarette GST from 28% to 40% and a hike in Excise Duty

18 May 2026 4:42 pm
Indian scientists create worlds first AI-designed gene editor for crops

While a US company had earlier developed a similar AI-designed system for human cells, this is the first successful demonstration in plants

18 May 2026 4:15 pm
BEE showcases Indias low-energy housing model in Baku amid energy conservation push

The initiative reflects the governments effort to treat energy efficiency as an economic strategy rather than a stand-alone environmental programme

18 May 2026 3:29 pm
GMR Hyderabad International Airport commissions cargo terminal 2

Spread acrossan area of 16864 sq. m, the new terminal has been engineered for operational efficiency and long-term scalability

18 May 2026 3:09 pm
FCI to raise 50,000 crore short-term loan for foodgrain operations

Tenders submitted in this regard will be opened on May 22; Total borrowings under the tender will not exceed 75,000 crore

18 May 2026 2:11 pm
India-EU FTA to create new opportunities for industries, investors, innovators: Modi

India holds tremendous potential for collaboration with Sweden in high-tech sectors such as AI, health-tech, green mobility

18 May 2026 1:05 pm
Sikkim govt rolls out odd-even vehicle restriction norm to save fuel

The implementation came after Prime Minister Narendra Modi appealed to people to reduce fuel consumption and spend more wisely in view of the West Asia crisis

18 May 2026 12:29 pm
New fuel-efficiency rules, global testing systems could raise car prices, lower mileage

Starting April 1, 2027, the government will replace Indias Modified Indian Driving Cycle (MIDC) with a stricter global testing system and tighten fuel-efficiency norms under CAFE III regulations

18 May 2026 12:20 pm
Why Agroforestry is key to Indias twin goals of carbon reduction and farmer income growth

With sustained policy support and private investment, agroforestry could become central to building a more resilient and future-ready agricultural system

18 May 2026 11:27 am
Urban areas to contribute 70% of India's GDP growth by 2036: Report

According to the report, Urban areas' contribution to India's GDP by 2036 is projected at 70%, underlining the growing importance of cities in India's economic expansion

18 May 2026 11:03 am
Sabari Rail: An answered prayer?

Revived rail project promises improved access to pilgrim town and agro-industries in Keralas central Travancore region

18 May 2026 9:41 am
WPI inflation crossing 10% mark not a tail risk but a near-term base case: Report

It noted that retail CPI inflation is poised to catch up to the surge in wholesale momentum

18 May 2026 9:09 am
Global rice prices poised to gain on deficit, geopolitical crisis and weather concerns

Production projected to drop by 5 million tonnes, while consumption could rise by 3.8 million tonnes

18 May 2026 8:47 am
Auto exports jump 38% as Indian firms gain ground in emerging markets

Aprils sharp 38% jump in vehicle exports suggests Indian automakers are increasingly turning overseas markets into a key growth lever at a time when domestic demand across segments remains patchy

17 May 2026 9:55 pm
Before takeoff: South, West Bengaluru see land frenzy over second airport plans

Among the emerging corridors, the Kanakapura RoadHarohalli belt has witnessed the sharpest movement so far, aided by stronger residential infrastructure, metro connectivity and proximity to established catchments

17 May 2026 9:51 pm
Shivraj wants an overhaul of ICARs 113 research institutes

The move assumed significance as the government is pushing for higher farm productivity, climate-resilient crops and stronger export competitiveness in horticulture and allied sectors

17 May 2026 9:42 pm
India taps Oman to rescue $11.8 billion food exports to West Asia

Avoiding Hormuz blockade, New Delhi looks at utilising Omani ports and land bridges to bypass high-risk maritime zones

17 May 2026 9:26 pm
Final CAFE III norms likely by May-end as energy security push gains momentum

Final norms to leave automakers with less than 11 months to prepare for implementation from April 1, 2027, forcing them to lock in product plans, supplier contracts and capital-allocation decisions

17 May 2026 4:45 pm
Goldman Sachs flags rise in global steel prices, subdued China production

Global long steel prices also saw gains during April.

17 May 2026 3:32 pm
Chennais second airport at Parandur hinges on the new TVK governments stand

Chennai risks losing second airport facility despite land acquisition progress under previous regime

17 May 2026 3:05 pm
India, key oil buyers likely to seek transit deals with Iran: Moodys

Moody's said the transit flows will gradually improve, but through bilateral channels rather than a general reopening.

17 May 2026 1:32 pm
India's demand-side push could build $37.8 billion forex shield as high oil prices threaten fiscal stability: Brickwork Ratings

Brickwork Ratings stated that with crude prices expected to remain above $100 per barrel in 2026 and the rupee under pressure near 95/USD, PM Modis seven behavioral appeals could create a $37.8 billion forex buffer for India this fiscal year

17 May 2026 9:18 am
India invites Dutch firms to design and manufacture, says PM Modi at CEO roundtable

Speaking at a CEO Roundtable in the Netherlands, he said India contributes 17% to global growth and is driving reforms across key sectors including taxation, labour and governance.

16 May 2026 11:04 pm
Govt restricts silver barimports after steep duty hike

Instead of automatic imports, government authorisation now mandatory for shipments

16 May 2026 9:25 pm
India loses 430 kb/d of LPG imports during MarchApril amid supply disruption

Around 3.4 billion people across the developing world use LPG as their primary source of energy for cooking

16 May 2026 8:50 pm
Centre appoints new joint secretaries and directors in NTA amid NEET-UG paper leak probe

The appointments come as the CBI investigates the alleged leak that led to the cancellation of the May 3 examination, for which around 23 lakh candidates had registered nationwide.

16 May 2026 7:29 pm
Delhi cuts VAT on aviation fuel from 25% to 7% amid global fuel uncertainty

The move comes amid global fuel uncertainty triggered by the ongoing West Asia conflict and is expected to provide relief to airlines and benefit passengers through lower operational costs.

16 May 2026 7:20 pm
India raises export duty on petrol, cuts those on diesel and aviation fuel

Export duty on petrol has increased to 3 rupees ($0.0313) per litre, while diesel duty has been reduced to 16.5 rupees per litre

16 May 2026 12:44 pm
Chennai goes Whistle Podu as Etihad Airways brings the CSK fever beyond the stadium

The national airline of the United Arab Emirates is the official front-of-jersey sponsor of Chennai Super Kings (CSK)

16 May 2026 10:25 am
The 10,000-litre myth: Understanding the true water footprint of ethanol in India

It is a system built on the bedrock of self-reliance; its legacy should be defined by the tangible prosperity it brings to the countrys soil

16 May 2026 9:55 am
Indias $1 trillion agri economy has a last-mile problem: Can digital advisory solve it?

Technology must serve the farmer and include everyone; for greater impact, these systems must also be built on interoperable data frameworks

16 May 2026 9:32 am
The hype era is over: Agricultural robotics must now prove cost-per-acre value

Made in Bharat agricultural robotics has the chance to set a global benchmark, but only after it has earned that right at home

16 May 2026 9:31 am
How biological platforms are re-designing Indian agriculture from ground-up

Farmers have spent decades adding inputs to farming. What comes next is something fundamentally different reprogramming the biological logic of the farm itself

16 May 2026 9:04 am
The death of arbitrage in India: The toll on the human capital

Simple Gazette notifications have been powerful enough to automate the traditional grains trader right out of the equation

16 May 2026 9:02 am
Bulk tea major McLeod Russell accepts OTS sanction from JCF ARC

The 150 crore settlement will be paid in tranches by June 30, 2027

15 May 2026 10:27 pm
Loading of potatoes in Bengal cold storages rises 14% following bumper production

Backed by favourable weather conditions in the growing regions, the spuds output is estimated at over 140 lakh tonnes

15 May 2026 9:29 pm
FACT begins production of di-ammonium phosphate

It is being produced through in-house modifications carried out in the existing plant

15 May 2026 8:44 pm
India-UK working to resolve steel issue for FTA implementation

The India-UK CETA was signed in July 2025 and has been awaiting ratification

15 May 2026 8:39 pm
Centre extends bid submissions to June 29 for EV Magnet Manufacturing Scheme

The program aims to build domestic capacity for the high-performance magnets used in electric vehicle motors, a strategic component that India currently imports almost entirely from China

15 May 2026 8:07 pm
Auto, taxi fares in Delhi, Mumbai may rise 12 on CNG price hike

The Mumbai Rickshawmens Union has written to the Mumbai Metropolitan Region Transport Authority (MMRTA) seeking a 1 increase in the minimum auto-rickshaw fare, from 26 to 27

15 May 2026 7:13 pm
GSTAT constitutes benches countrywide, prescribes listing mechanism

The GSTAT President directed that all pending and future filings before Principal and State Benches will first be listed before a Division Bench

15 May 2026 7:09 pm
BRICS Foreign Ministers: No joint statement amid differing views on West Asia

Outcome document/ Chairs statement issued by India noted that members sought an early resolution to the current crisis

15 May 2026 7:08 pm
Air India receives second tailor-made Boeing 787-9 Dreamliner

The aircraft, registered as VT-AWB, features the airlines new livery and is part of Air Indias fleet modernisation and transformation strategy after privatisation in 2022

15 May 2026 7:01 pm
Maharashtra cuts value added tax on jet fuel

The move will benefit airlines which are facing increased cost pressure due to rise in jet fuel prices and marks a success for civil aviation ministrys efforts to lower their burden

15 May 2026 6:50 pm
India, UK working on 'creative solution' on steel issue to operationalise trade pact soon: Commerce Secy

From 1 July 2026, the UK will limit tariff-free steel imports, reducing overall quota volumes by 60% compared to the steel safeguard measure

15 May 2026 6:05 pm