Rashtriya Ispat Nigam posts 57 per cent surge in turnover

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

"India has sufficient gas production and supply arrangements to sustain this position even in the event of a prolonged conflict. Power generation for every household and for industry is fully protected," Hardeep Singh Puri said. Opposition members sloganeered and protested against Puri's remarks.

If crude oil prices sustain above USD 100 per barrel in FY27, the Central government's annual additional expenditure could rise by Rs 3.6 lakh crore, according to a report by Elara Securities.

New Delhi [India], March 12: In today's fast-moving world, food has become more confusing than ever before. Social media is filled with trending diets, quick weight-loss hacks, and conflicting nutrition advice. While these trends promise rapid results, they often leave people feeling overwhelmed and unsure about what truly qualifies as healthy eating.

Bhubaneshwar (Odisha) [India], March 12: Jindal Steel has been declared the preferred bidder by the Government of Odisha for the Rengalaberha North-East Extension and Nuagan West Iron Ore Block in Keonjhar district. The iron ore block spans approximately 84 hectares. Following the successful conclusion of the online auction, Jindal Steel has committed to a final price offer of 111.15 per cent premium to the Government of Odisha.

Vijayawada (Andhra Pradesh) [India], March 12: The Sri Vighnavimochaka Hanuman Temple near Vijayawada has installed India's tallest steel doors, standing at an impressive 40 feet in height. The monumental doors were engineered and manufactured by AACESS Tough Doors, a Hyderabad-based company specializing in large engineered steel door systems. Constructed using approximately 1.4 tonnes of high-strength structural steel, the massive installation features a double-shutter, two-side sliding system with remote-controlled automation, enabling smooth and safe operation despite its extraordinary scale.

India's semiconductor ecosystem is expected to achieve a production capacity of 75-80 million chips per day as several newly announced semiconductor plants begin operations by the end of this year or early next year, according to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) and SEMI India.

New Delhi [India], March 11: Together as Medsoria, the joint venture will increase production capabilities with a new 70,000 square feet (6,500 square meters) U.S. FDA-compliant facility and engender future collaboration on developing new product lines. With the recent reporting of a trade deal between the India and U.S. to reduce tariffs and promote improved trade relations between the two countries, the joint venture could not arrive at a better time.

Steel Authority of India Limited (SAIL) recorded its highest-ever sales performance during the first 11 months of the current fiscal year, bolstered by a 14 per cent year-on-year (YoY) growth. According to the Ministry of Steel, SAIL achieved total sales of 18.24 million tonnes (MT) between April 2025 and February 2026. Alongside this volume growth, the company expanded its product portfolio through the reintroduction of chequered plates to meet specific market demands.