India plans to roll out sovereign credit guarantees on loans worth $26.7 billion, aimed at supporting businesses, particularly small firms, affected by the Middle East crisis, two government sources said. Businesses, such as textile and glass makers, have been hit by disruptions to supply from the Middle East due to the U.S.-Israeli war with Iran. … Read more
Russia has offered to increase its supply of crude oil and liquefied natural gas (LNG) to India as the ongoing Middle East crisis adds volatility to the global energy market, reported PTI citing officials familiar with the discussions. The energy cooperation formed a key part of talks on Thursday between Russia’s first deputy prime minister … Read more
Amid the ongoing Middle East crisis that has disrupted the global oil supply chain, Indian refiners have made their first purchase in seven years since 2019, according to Reuters.India had not received any cargo from Tehran since the US pressured it to halt crude imports, according to the petroleum ministry. This marks the latest development … Read more
Against the backdrop of weakening external demand and constrained supply routes, the government has allowed India’s export oriented units in Special Economic Zones (SEZs) to sell their products within India at concessional tax rates. The move follows an announcement to this effect in Budget 2026 presented by Finance Minister Nirmala Sitharaman on February 1. Experts … Read more
United Spirits Limited (USL), the Indian arm of London-based Diageo, stated on Tuesday (March 24, 2026) that it had fully divested its stake in Royal Challengers Sports Pvt. Ltd. (RCSPL) to a consortium comprising Aditya Birla Group, The Times of India Group, Bolt Ventures, and New York-based Blackstone’s private equity strategy, BXPE, in an all-cash deal worth $1.76 … Read more
The U.S. and India are not “far off” from finalizing an interim trade deal, but need to bridge some negotiating gaps, such as over discussions on pulses and the staging of tariff reductions, according to a U.S. official. “We’re not that far off from finalizing the interim trade deal, but some gaps remain,” the official … Read more
Leading consumer goods makers said their capital expenditure plans for FY27 remain on track despite the Iran war, which has led to a surge in crude oil prices and input costs and necessitated price increases that have eroded much of the gains from the goods and services tax (GST) rate cuts. The country’s largest car … Read more
Major consumer companies are rushing to fill leadership roles in their legal departments as stricter regulations and new labour rules add complexity to their operations, industry executives said. Legal leadership is changing fast in the country’s consumer sector and globally. Digitisation, fierce competition, and shifting regulations are reshaping the role. Also, as businesses grow, mergers, … Read more
The ongoing war in the Middle East has triggered an energy crisis for the world and “no country is immune” to its shockwaves, the International Energy Agency (IEA) warned on Monday. Addressing the National Press Club in Australia’s capital, Birol said the current situation has evolved into an unprecedented disruption, combining multiple shocks to oil … Read more