Business

100% assured supply of domestic piped gas to homes and CNG for ve

According to the Petroleum Ministry, the government has issued a control order directing refineries and petrochemical units to maximize the production of liquefied petroleum gas (LPG) and divert key hydrocarbon streams to the LPG pool to ensure an uninterrupted supply of cooking gas across the country. The Petroleum Ministry stated that the invocation of the Act has established a clear priority list for natural gas distribution to manage current supply constraints. Under this new mandate, there is a 100% assured supply of domestic piped gas for homes and CNG for vehicles.

2026-03-10T08:40:58.021597+00:00 IST

India to soon become world’s leading agro and marine exporter, sa

Minister Goyal underscored the country's rapid ascent in the sector, noting that India currently stands as the 7th largest exporter of agricultural and marine products globally. Highlighting the government's ambitious trajectory, Goyal stated, "Today, India is the 7th largest exporter in the world of agricultural and marine products, and in the coming days, we will move ahead to become the world's leading exporter of agricultural and marine products." The fair marks a significant diplomatic milestone as Italy takes on the role of country partner for the first time, a move intended to capitalize on evolving trade relations.

2026-03-10T08:00:01.535725+00:00 IST

Global trade agreements to open new markets for Indian farmers, M

Expanding global trade agreements will open new opportunities for India's farmers, fishermen, and MSMEs as the nation secures "preferential market" status across major international economies, said Union Minister Piyush Goyal. Speaking at the 40th edition of AAHAR, the International Food & Hospitality Fair in New Delhi, Goyal stated that India today covers two-third of global trade with "preferential market access" for Indian goods and services, making the country a "very attractive investment destination."

2026-03-10T07:28:50.835058+00:00 IST

ASSOCHAM and ICCC sign MoU to strengthen India–Canada business co

According to the press release, "This MoU provides the framework within which the two organizations would collaborate to further strengthen trade, investment, and economic cooperation between the members of both organizations." Through the MoU, ASSOCHAM and ICCC would also collaborate to increase the engagement between the business communities of both nations and encourage organizations in both nations to explore new avenues of trade and investment.

2026-03-10T07:02:23.018099+00:00 IST

IDFC FIRST Bank completes reconciliation of all relevant accounts

IDFC FIRST Bank announced on Tuesday that it has paid a net principal amount of Rs 645 crore to settle claims arising from an incident at a single branch in Chandigarh. The final payout is Rs 55 crore higher than the initial principal estimate of Rs 590 crore previously disclosed to stock exchanges.

2026-03-10T07:00:59.989156+00:00 IST

Middle East conflict could dent India's GDD, push oil to $110: Re

The primary concern for the Indian economy is the sharp increase in fuel costs. According to the report, "Brent has moved up from a range of US$ 65-US$ 70 per barrel to US$ 110 per barrel since the war broke out." This surge is linked to major infrastructure failures in the region. "Iran's oil infrastructure has been damaged. The Strait of Hormuz is closed. LNG supply from Qatar is closed. Natural gas price has surged by 50%," the report added.

2026-03-10T06:26:14.986083+00:00 IST

Australia-India partnership moves closer to green steel with “wor

An Australia-India partnership took a step closer to green steel through a "world-first" use of agricultural waste in steelmaking during a successful commercial-scale trial in India. Researchers from Australia's national science agency, CSIRO, and the Indian Institute of Science (IISc) demonstrated a viable approach to cut emissions by partially replacing coal with locally sourced rice husk pellets.

2026-03-10T06:15:40.983998+00:00 IST

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Business

Sensex, Nifty 50 open higher amid easing concerns over imported i

The Indian benchmark indices opened with significant gains on Tuesday. BSE Sensex rose by 591.41 points or 0.76 per cent to reach 78,157.57 at 9:17 am, while NSE NIFTY 50 climbed 158.20 points or 0.66 per cent to 24,186.25.

2026-03-10T04:18:44.411352+00:00 IST

Business

India's February power demand hits 15-year high

India's power demand increased by approximately 2 per cent in February to reach 133 billion units (BUs), compared with 131 BUs during the same period last year. This consumption represents the highest level for the month since at least 2010.

2026-03-10T03:51:01.191472+00:00 IST

Business

Income Tax Department finds Rs 408 crore sales suppression

The Income Tax Department carried out a nationwide verification exercise on restaurants regarding turnovers, revealing a suppression of sales amounting to approximately Rs 408 crore. According to a Ministry of Finance press statement, the investigation targeted tax evasion patterns within the Food & Beverage (F&B) sector following preliminary data analysis initiated in November 2025.

2026-03-10T03:09:16.186122+00:00 IST

Business

Petroleum Ministry orders higher LPG production for domestic use

The Ministry of Petroleum and Natural Gas issued orders to oil refineries to increase Liquefied Petroleum Gas (LPG) production and directed that such additional output be channelled specifically for domestic use. This decision follows recent geopolitical disruptions that created constraints on the global fuel supply chain.

2026-03-10T02:41:30.663899+00:00 IST

Business

Domestic investors control 36% of free float Nifty 50 market capi

Individuals and domestic mutual funds together now hold about 36 per cent of the free float market capitalisation of Nifty 50 companies, said SEBI Chairman Tuhin Kanta Pandey, addressing the 30th anniversary of Nifty 50 at the National Stock Exchange (NSE).

2026-03-10T02:24:40.149748+00:00 IST

Business

BSE SmallCap 500 Market Cap and Factor Indices launched

The BSE SmallCap 500 Universe Factor Indices are reconstituted quarterly, have a base value of 1000, and the first value date is September 19, 2005, along with the additional screening of 90 per cent Stock Trading Frequency, BSE Index Services Pvt Ltd said in a statement.

2026-03-09T16:07:20.205363+00:00 IST

Business

NSE Chief highlights $5 tn milestone as Nifty 50 marks 30 yrs

Ashish Kumar Chauhan, MD and CEO of the National Stock Exchange (NSE), marked the 30th anniversary of the Nifty 50 index by announcing that the market capitalization of companies listed on the exchange has reached USD 5 trillion. Highlighting India's rise to becoming the fourth-largest capital market in the world, Chauhan noted that the index is no longer just a financial metric but a "stock of the nation."

2026-03-09T15:40:24.119602+00:00 IST

Business

Free trade agreements create new opportunities for MSMEs

Recent FTAs with regions including the European Union, the United Kingdom, Australia, New Zealand and other major markets provide Indian MSMEs with access to a large share of developed markets, creating significant opportunities for Indian manufacturers to integrate into global supply chains and meet international demand, said, Jitin Prasada, Union Minister of State for Commerce and Industry and Electronics and Information Technology.

2026-03-09T15:05:19.232970+00:00 IST

Business

'No plans to release oil reserves in coordination with IEA'

India has no plan to release oil reserves in coordination with the International Energy Agency (IEA), government sources said on Monday.

2026-03-09T14:03:26.820160+00:00 IST

Business

Piyush Goyal to inaugurate 40th edition of AAHAR 2026

Organised by ITPO, the five-day international exhibition will be held from March 10 to 14, 2026, bringing together food producers, exporters, hospitality businesses, technology providers, industry associations and global buyers on a single platform to explore new partnerships and business opportunities. AAHAR has, over the past four decades, evolved into one of the most influential trade exhibitions for the food processing and hospitality ecosystem in Asia.

2026-03-09T13:24:10.986944+00:00 IST

Business

LPG booking period increased from 21 to 25 days: Govt Sources

To stop hoarding and black marketing, the booking period for LPG gas cylinder has been increased from 21 to 25 days, government sources said on Monday.

2026-03-09T13:02:51.556656+00:00 IST

Business

Petrol, diesel prices unlikely to rise unless crude crosses $130 per barrel: Sources

In order to stop hoarding and black marketing, the government has increased the minimum waiting period for booking domestic LPG gas cylinder refill to 25 days from the existing 21 days.

2026-03-09T12:56:16.358641+00:00 IST

Business

Ministry of Ports issues standard operating procedure for ports

In view of the geopolitical disturbance in the Middle East, the Ministry of Ports, Shipping and Waterways (MoPSW) has issued a Standard Operating Procedure (SoP) for major ports to address potential disruptions and ensure smooth handling of affected cargo and vessels.

2026-03-09T11:26:56.138138+00:00 IST

Business

'Strait of Hormuz disruption could raise oil prices further'

The escalating conflict in West Asia and disruption of flows through the Strait of Hormuz could have significant implications for India and the global economy, potentially pushing crude oil prices higher and adding to inflationary pressures, according to Anindya Banerjee, Head of Commodity and Currency Research at Kotak Securities.

2026-03-09T10:46:02.716718+00:00 IST