Disruption in Gas Supply Halts over 400 Ceramic Units in Gujarat's Morbi for 3 Weeks
Around 430 ceramic units in Gujarat's Morbi have halted production for 20‑25 days after a gas supply crunch triggered by the West Asia conflict. The closure of the Strait of Hormuz disrupted propane and natural‑gas deliveries essential for kiln firing and drying. Both propane‑dependent and natural‑gas‑dependent factories joined a collective shutdown, planning maintenance until April 10‑15. Operations will resume only when a reliable gas flow is restored.
More Leaf Teas Unsold at Coonoor Auctions on Subdued Export Demand
Export demand slowdown in West Asia caused higher unsold leaf tea at the Coonoor auctions. In Sale 11, about 22% of leaf grades remained unsold, with leaf sales reaching only 75% of the 820,499 kg offered. Dust grades saw stronger domestic buying,...
Metal Stocks Defy Market Volatility: Hindalco, JSW Steel, Tata Steel Advance as Nifty Metal Climbs 1%
The Nifty Metal index climbed 1% to 11,415.80, outpacing a volatile broader market as Hindalco, JSW Steel and Tata Steel each posted 2‑3% gains. Analysts attribute the rally to robust domestic steel demand driven by government infrastructure projects and a...
New Asia Africa Agri Alliance Set up to Boost Trade, Agri Cooperation and Investments
The Asia Africa Agri Alliance, a Section 8 not‑for‑profit institution, has been launched to create structured frameworks for trade, investment and technology exchange between Asia and Africa. Bilateral agri‑trade between the two continents already exceeds $90 billion annually, accounting for over 40 %...
CCI Getting Ready to Act Against Potential Anti-Competitive Ways in AI Space: Chairperson
The Competition Commission of India (CCI) announced it is preparing to intervene against anti‑competitive behavior emerging in the artificial‑intelligence sector, citing risks such as algorithmic collusion, targeted price discrimination, self‑preferencing and opacity. Chairperson Ravneet Kaur highlighted that the regulator has...
Saudis Give Oil Buyers Red Sea Option as Hormuz Crisis Persists
Saudi Aramco is giving long‑term oil customers the option to receive April allocations through the Red Sea port of Yanbu as the Strait of Hormuz remains blocked. Deliveries from Yanbu will be limited by pipeline capacity, so buyers will receive...
Competition Commission Orders Investigation Against IndiGo for Alleged Abuse of Dominance
The Competition Commission of India has opened an investigation into InterGlobe Aviation Ltd (IndiGo) over alleged abuse of dominance during the December 2025 operational disruptions. The Ministry of Civil Aviation imposed a temporary fare cap to protect passengers, after which...
India-EU Ties in Focus as Jaishankar Starts 2-Day Visit to Brussels
India’s External Affairs Minister S. Jaishankar began a two‑day visit to Brussels, the first high‑level Indian delegation since the EU‑India free‑trade agreement was signed in January. He will meet EU High Representative Kaja Kallas, attend the EU Foreign Affairs Council,...
India Post to Introduce 24-Hour, 48-Hour Premium Speed Post Services
India Post will launch premium “24 Speed Post” and “48 Speed Post” services on March 17, 2026, offering next‑day and two‑day document delivery between six major metros. A new “24 Speed Post Parcel” product adds next‑day parcel delivery with weight‑based tariffs up to 5 kg. The offerings target both retail...
Parliamentary Panel Recommends I-T Dept to Set up ‘Expert Litigation Committee’
A parliamentary standing committee on finance has urged the Income Tax Department to create an Expert Litigation Committee to review tax dispute appeals before they reach the High Courts or Supreme Court. The department’s litigation success rates have slipped to...
UPL Global Integrated Operations to Be Cost-Effective, Says InGovern
UPL Ltd plans to spin off its integrated crop‑protection platform, UPL Global, via a scheme of arrangement expected to complete in 12‑15 months, with NCLT approval projected for Q2 FY2027. The demerger will create one of the world’s largest listed...
Air India Finds Large-Scale Misuse of Its Leisure Travel Policy for Staff, Initiates Corrective Actions
Air India discovered large‑scale misuse of its Employee Leisure Travel policy, affecting over 4,000 staff members, some of whom sold free tickets for profit. The airline, under Tata Group’s ownership and amid a costly transformation, is imposing refunds, heavy penalties,...
Gold Loses Sheen as Dollar Gains Strength
Gold’s recent slide underscores the classic inverse relationship between the precious metal and the U.S. dollar. After two consecutive weeks of losses, the spot price slipped to just under $5,100 per ounce, while the dollar index breached the 100‑point threshold,...
Rapido’s Ownly Launch Signals Food Delivery Push Amid $600-Million Fundraise
Urban mobility platform Rapido is entering India’s crowded food‑delivery space with its Ownly service, rolling out initially in Bengaluru. The launch coincides with a $550‑600 million fundraising round led by Prosus, aimed at financing diversification beyond ride‑hailing and logistics. Ownly promises...
Accenture Appoints New Reinvention Services Leadership
Accenture announced a new Reinvention Services leadership team, effective March 31, 2026, under Chief Strategy and Services Officer Manish Sharma. The model groups client‑facing capabilities into seven Reinvention Partners covering Cybersecurity, Digital Core, Finance, Industry and Enterprise, Song, Supply Chain and Engineering,...
Broker’s Call: Muthoot Finance (Hold)
Muthoot Finance, India’s largest gold‑loan NBFC, posted a 20.34% Q3 FY26 loan yield, buoyed by one‑off NPA recoveries. Management raised FY26 gold‑loan growth guidance to 45%, while the loan book expanded across 7,541 branches. Despite beating estimates, the stock faces...
PM Modi Flags Off Six New Trains in Tamil Nadu and Kerala
Prime Minister Narendra Modi virtually flagged off six new train services linking key cities in Tamil Nadu and Kerala. Four of the trains will run weekly, while the others operate daily or five days a week, with routes spanning from Nagercoil...
Defence Forces Vission 2047 Launched for Transforming Tri-Services
India’s Defence Ministry unveiled the "Defence Forces Vision 2047," a comprehensive roadmap to transform the Army, Navy and Air Force into an integrated, multi‑domain force by the country’s centenary. The document, crafted by the Integrated Defence Staff over two years, stresses...
India to Give Tariff Concession for DDGS Imports From US, but with a Cap
India announced a tariff concession for U.S. dried distillers grains with solubles (DDGS) used in animal feed, but only within a capped quota similar to existing tariff‑rate quotas for commodities like corn. Union Minister Rajiv Ranjan Singh emphasized that the...
West Asia Conflict Disrupts Gas Supply to Maharashtra Industry; MNGL Invokes Force Majeure
Escalating conflict in West Asia has halted LNG vessels through the Strait of Hormuz, prompting Maharashtra Natural Gas Ltd. (MNGL) to invoke a force majeure clause. The disruption is forcing industrial consumers in Maharashtra to curb gas draw‑downs and seek...
Kirloskar Oil Engines Unveils Succession Plan; Rahul Kirloskar to Chair Board
Kirloskar Oil Engines Ltd announced a planned leadership transition, naming Rahul Kirloskar as Chairperson of the Board effective April 1, 2026. Managing Director Gauri Kirloskar will also take on the Vice‑Chairperson role. The change follows the retirement of Atul Kirloskar, who steps down after more...
Euler Motors Signals Hero MotoCorp Stake Raise as EV Maker Scales Capacity and Portfolio
Hero MotoCorp will invest an additional ₹275 crore in Euler Motors, raising its stake from 34.1% to roughly 36% on a fully diluted basis. Euler has unveiled a ₹300‑400 crore capital‑expenditure plan for the next 18‑24 months to add new production lines,...
SRM Institute of Science and Tech Licenses Its Cell Encapsulation Technology to Anabond
SRM Institute of Science and Technology has licensed its five‑year‑developed cell‑encapsulant technology to industrial adhesive maker Anabond Ltd. The agreement provides SRMIST with an upfront ₹1 crore and royalties for seven years, while the encapsulant promises up to a 50 percent increase...
Borosil to Set up New Glassware Manufacturing Facility in Gujarat, Expand Furnace Capacity in Jaipur
Borosil Ltd's board approved a ₹42 crore glassware plant in Bharuch, Gujarat, slated for commercial production by December 2026. The new facility will mass‑produce storage jars, bottles and jugs, shifting supply from its sister firm. Simultaneously, Borosil will invest ₹50 crore to expand...
The €140 Billion Circular Handshake
The EU‑India Free Trade Agreement, covering €136 billion in trade and promising €4 billion in annual tariff savings, pivots from volume‑driven commerce to a circular framework. It grants India preferential access for textiles, footwear and other labour‑intensive goods while opening EU markets...
Govt Says Air India Plane Crash Probe Report Will Be Out ‘Very Soon’
India's Civil Aviation Minister K. Rammohan Naidu told the Rajya Sabha that the Aircraft Accident Investigation Bureau's probe into the June 12, 2025 Air India Boeing 787‑8 crash, which killed 260 people, is progressing rapidly. He pledged that the final report will be...
West Asia Conflict: Nasscom Urges Member Firms to Step up Vigilence, Cyber Resilience
NASSCOM has issued a fresh advisory urging Indian technology firms to heighten vigilance and cyber‑resilience as the West Asia conflict escalates following US and Israeli strikes on Iran. The body recommends activating business‑continuity plans, enabling remote work for staff in...
Alligator Automations Opens New Office in PCMC Industrial Belt
Alligator Automations has opened a new 4,000 sq ft office on the fourth floor of Teerth Business Center in Bhosari MIDC, Pune’s PCMC industrial belt. The facility consolidates the firm’s sales, marketing, controls, mechanical engineering and accounts teams under one roof. Designed to...
Why the Concern over Capital Flows
The Reserve Bank of India introduced tighter rules on external commercial borrowings to curb volatility in the capital account, even as the current account remains stable. While gross foreign direct investment (FDI) has averaged $78 billion annually, equity repatriation has surged,...