Business News: Economy & Markets

No crisis on oil front as India has ample reserves, diversified imports: Govt

IANS | March 12, 2026 2:15 PM

New Delhi, March 12 (IANS) India's strategic oil reserves and diversification of energy imports across 40 supplier countries have transformed its capacity to absorb global energy shocks, and this resilience has ensured that there is no energy crisis due to the disruption caused by the Iran war as the government is tackling the situation with supply-side management, a senior official said on Thursday.

Namo Swadeshi Urban Malls planned in four Gujarat cities to expand market for indigenous products

IANS | March 12, 2026 2:00 PM

Gandhinagar, March 12 (IANS) Permanent retail spaces dedicated to indigenous products will be set up in four major Gujarat cities under a state initiative aimed at expanding markets for local artisans, self-help groups and small traders.

US-China trade falls to 2 pc of global trade as decoupling deepens: Report

IANS | March 12, 2026 12:23 PM

New Delhi, March 12 (IANS) Trade between the United States and China has dropped to just 2 per cent of global trade, down from 2.7 per cent in 2024, a new report said on Thursday.

India’s installed solar capacity reaches nearly 136 gigawatts: Pralhad Joshi

IANS | March 12, 2026 12:09 PM

New Delhi, March 12 (IANS) The country’s installed solar capacity has reached nearly 136 gigawatts, accounting for almost half of India’s renewable energy capacity, and this growth demonstrates what sustained policy commitment and innovation can achieve, according to Minister of New and Renewable Energy, Pralhad Joshi.

Induction cooktops go out of stock on quick-commerce apps amid gas shortage fears

IANS | March 12, 2026 11:27 AM

New Delhi, March 12 (IANS) Induction cooktops are rapidly disappearing from online platforms as households across India rush to find alternatives to cooking gas amid growing concerns about LPG supply disruptions linked to the ongoing conflict in West Asia.

93 pc of workforce at India’s GCCs is Gen Z and millennial: Report

IANS | March 12, 2026 11:13 AM

Mumbai, March 12 (IANS) As India’s GCCs evolve from being identified as back offices to becoming innovation hubs, the workforce remains predominantly young, with 93 per cent of employees belonging to Gen Z and millennial cohorts — intensifying the war for talent and reinforcing the importance of strong workplace culture in attracting and retaining future-ready skills, a report showed on Thursday.

Crude rally continues: Brent hits $100, WTI jumps 8 pc amid Middle East supply concerns

IANS | March 12, 2026 10:05 AM

Mumbai, March 12 (IANS) Global oil prices surged sharply on Thursday as markets remained worried about supply disruptions linked to the ongoing tensions in the Middle East.

Air India, Air India Express to operate 58 flights to and from West Asia on Thursday

IANS | March 11, 2026 9:50 PM

New Delhi, March 11 (IANS) Air India and Air India Express will together operate a total of 58 scheduled and non-scheduled flights to and from West Asia on March 12, the airline said on Wednesday.

India targets $100 billion textile exports by 2030-31: Giriraj Singh

IANS | March 11, 2026 9:23 PM

New Delhi, March 11 (IANS) Union Minister of Textiles Giriraj Singh on Wednesday said that India must move towards higher-scale and higher-value manufacturing and expand year-round garment production to strengthen its global presence in the textile sector.

IEA countries to release 400 million barrels of oil to address global energy disruption

IANS | March 11, 2026 8:37 PM

New Delhi, March 11 (IANS) In a significant development amid the ongoing West Asia crisis, the International Energy Agency (IEA) on Wednesday announced the release of 400 million barrels of oil from the emergency reserves of 32 member countries to address disruptions in oil markets.

Business

No crisis on oil front as India has ample reserves, diversified imports: Govt

Namo Swadeshi Urban Malls planned in four Gujarat cities to expand market for indigenous products

US-China trade falls to 2 pc of global trade as decoupling deepens: Report

India’s installed solar capacity reaches nearly 136 gigawatts: Pralhad Joshi

Induction cooktops go out of stock on quick-commerce apps amid gas shortage fears

93 pc of workforce at India’s GCCs is Gen Z and millennial: Report

Crude rally continues: Brent hits $100, WTI jumps 8 pc amid Middle East supply concerns

Air India, Air India Express to operate 58 flights to and from West Asia on Thursday

India targets $100 billion textile exports by 2030-31: Giriraj Singh

IEA countries to release 400 million barrels of oil to address global energy disruption

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