Odisha Takes First Steps Towards India’s Chip Unit
In the next step to bolster India’s place in today’s semiconductor race, Odisha CM Mohan Majhi and IT Minister Ashwini Vaishnaw laid the foundation stone of a 3D chip packaging unit in Bhubaneshwar. The unit is being set up by Heterogeneous Integration Packaging Solution Pvt Ltd, a fully owned subsidiary of the US’s 3D Glass…
Shipra Prajapati
India Confirms Steady Crude Flow Despite Reliance on Iranian Imports
Still calm oil fronts, India says its shipments continue without a hitch, but there is payment trouble with Iranian imports? Officials at the energy department say those aren’t happening. Smooth flows mark the current picture. No disruption sits on the radar, and confidence holds firm from government voices. After news spread that an Iranian oil…
India Starts New E-commerce Export Rules
A fresh batch of rules now shapes how India handles overseas online sales, opening smoother paths for smaller firms to reach buyers abroad. With these shifts come fewer roadblocks in shipping goods across nations, streamlining what once felt tangled. Small sellers find a foothold here, guided by adjustments meant to lighten their paperwork loads. Steps…
Himanshu
India’s Factory Activity Rises on Manufacturing Growth
That factory work in India picked up steam in February, rising 5.2% compared to last year, thanks mostly to factories running better than before. This came just after an updated figure of 5.1% growth seen in January, showing things aren’t slowing down. Numbers from the National Statistics Office highlight that the industry continues to move…
Khushi Bhadauria
India PMI Eases Amid Middle East War Impact
Due to both heightened oil prices and growing geopolitical tension in the Middle East, India’s private business sector growth slowed down in March. A recent flash survey released by HSBC shows that the composite purchasing managers’ index (PMI) reading for March is now 56.5, down from February’s 58.9, which marks its lowest value recorded since…
India Trade Deficit Narrows In February
India is experiencing a reduction in the merchandise trade deficit in February because import levels declined compared with January, providing temporary support for the nation’s international trade balance until geopolitical conflicts disrupt worldwide shipping operations. The February deficit decreased to $27.1 billion, while January’s deficit was $34.68 billion, according to the Commerce minister’s report. The…
India Talks to Boost Fertiliser Imports with Russia
India, a leading importer of fertiliser, is planning to increase fertiliser imports from Russia, Belarus and Morocco due to Middle East conflicts, and China may also reduce supply before the summer farming season. As farming is very important in India, farmers need fertilisers like urea, DAP, and potash. India also imports liquefied natural gas, which…
Abdullah Ansari
India Claims Oil Prices Boost to Push Inflation Sharply
Finance Minister Nirmala Sitharaman recently said that India is not ready for the sudden surge in global crude oil prices triggered by the escalating conflict in the Middle East, and added that the effect of higher crude prices on India’s inflation will remain near the lower end of the central bank’s tolerance band. Global oil…
Vipin
Russia Boosts Oil Supply to India as Conflicts Disrupt
Russia is ready to shift its crude oil to India due to disruptions in the Middle East. Supply with around 9.5 million barrels of crude near Indian waters will arrive within a week or two. According to Industry sources, the non-Russians are not certain about where the cargoes had headed, but they have assured that…
India Aims To Cut The Power Sector By 15 Million Tons In 2026.
According to the latest reports from industry sources, India, the second-largest thermal coal importer after China, is now inclined to reduce its power plant imports by 30% in the following year. India’s government is aggressively aiming to reduce coal imports by 15 million tons this year. However, South Asian countries still depend on coal for…
Sumit