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India’s gold imports rose 28.73% to $69 billion during April-February 2025-26, driven by elevated prices of the precious metal, according to Commerce Ministry data cited by PTI.Gold imports had stood at $53.52 billion in the corresponding period of 2024-25.The sharp rise in imports contributed to a widening trade deficit, which increased to $310.60 billion in…
NEW DELHI: Govt is working to step up the supply of induction cooktops and vessels, while nudging companies and institutional kitchens to move to electricity-based cooking to reduce pressure on gas.To meet the immediate requirement of cooktops, whose demand has increased in the wake of LPG concerns, imports are lined up, while domestic production is…
A year after US President Donald Trump’s “Liberation Day” tariffs shook global markets, Washington is back with another round, this time targeting drug and metal imports. The earlier tariffs, announced on April 2 last year, had sent ripples across major financial markets as investors assessed their impact. Now, the US has unveiled fresh measures on…
NEW DELHI: The availability of crude, LPG and LNG in India has improved considerably compared to a month ago when the West Asia conflict broke out, a petroleum ministry official said Monday.Officials said India has diversified sourcing of crude and gas to plug gaps caused by disruptions in the Strait of Hormuz, while prioritising LPG…
NOIDA: PM Modi inaugurated Noida International Airport in Jewar on Saturday, and dwelled at length on energy supply turbulence precipitated by the West Asia conflict, underlining ethanol blending as a key strategy to reduce dependence on crude oil imports.Modi said that the country would have had to import an additional 4.5 crore barrels of crude…
Russian oil supplies to India could rise sharply, potentially doubling from January levels to account for at least 40% of India’s total imports. (AI image) As supply disruptions from the Strait of Hormuz continue due to the US-Iran war, India has stepped up its purchases of Russian crude oil. In fact, compared to the January…
Historically, India’s highest monthly purchases of Russian crude have been around 2.0-2.1 Mbd since the Russia-Ukraine war began in 2022. (AI image) Russian crude has emerged as a major player amid the US-Iran war – global crude oil supply is badly affected via the Strait of Hormuz, Middle East countries are finding it difficult to…
G Kishan Reddy (File photo) Union coal and mines minister G Kishan Reddy on Sunday said coal gasification will play a critical role in enhancing India’s energy security, reducing import dependence and supporting industrial growth.The renewed push has gained urgency amid the ongoing Middle East conflict, which has led to a surge in global energy…
Iran’s Hormuz chokehold has reshaped India’s oil purchase pattern, with a sharp drop in Gulf supplies this month pushing refiners towards Russia and smaller producers to keep supplies steady. So far in March, crude imports into the country are down 23% compared to February, according to shipping data and analyst estimates cited by ET. The…
NEW DELHI: India’s weekly LPG imports fell to 265,000 tonnes in the week to March 19, from 322,000 tonnes on March 5. West Asia inflows declined to just 89,000 tonnes in the week to March 19, the lowest share since Jan 2026, according to S&P Commodities At Sea (CAS).The report, however, added that alternative regional…
