Business News: Economy & Markets

OMCs working to maintain LPG supply despite global disruptions: CPIL CMD

IANS | March 13, 2026 4:17 PM

New Delhi, March 13 (IANS) Oil marketing companies (OMCs) or firms that involved in liquefied petroleum gas (LPG) supply are making continuous efforts to maintain smooth distribution across the country amid global tensions triggered by the Iran war, Nitin Khara, Chairman and Managing Director (CMD) of Confidence Petroleum India Limited (CPIL), said on Friday.

Rising debt threatens Pakistan’s growth, job creation: Report

IANS | March 13, 2026 4:04 PM

New Delhi, March 13 (IANS) Pakistan’s central government debt rose by over Rs 7 trillion in 2025 marking an increase of nearly 10 per cent — a trend that risks diverting resources away from private investment, job creation and public services, a report said on Friday.

Sensex, Nifty drops nearly 2 pc amid escalating Middle East tensions

IANS | March 13, 2026 3:58 PM

Mumbai, March 13 (IANS) Indian equity markets ended sharply lower on Friday as rising tensions in the Middle East weighed on investor sentiment and triggered broad-based selling across sectors.

Pak faces severe medicine shortage amid import disruptions, just 45 days’ stock left

IANS | March 13, 2026 3:30 PM

New Delhi, March 13 (IANS) Pakistan is facing a serious shortage of essential medicines as the ongoing conflict in the Middle East disrupts the import of pharmaceutical raw materials and other critical supplies, according to a new report.

Govt to keep fiscal deficit within revised estimates, no shortage of fertilisers: FM Sitharaman

IANS | March 13, 2026 3:17 PM

New Delhi, March 13 (IANS) The government remains committed to keeping the fiscal deficit within the revised estimates for FY26, even as it brings in the second batch of supplementary demands for grants, Finance Minister Nirmala Sitharaman said on Friday.

S. Korea’s antitrust regulator probes alleged price-fixing by gas stations in southern regions

IANS | March 13, 2026 3:13 PM

Seoul, March 13 (IANS) The antitrust regulator is looking into suspected price-rigging collusion cases involving gas stations in southern regions amid volatile energy prices stemming from ongoing turmoil in the Middle East, officials said on Friday.

India plans fresh incentives to boost mobile phone manufacturing after PLI scheme ends

IANS | March 13, 2026 3:10 PM

New Delhi, March 13 (IANS) India is planning a new set of incentives to support domestic mobile phone manufacturing after its flagship production-linked incentive (PLI) scheme for the sector ends this month.

Indian banks benefit from AI‑driven operating models: Report

IANS | March 13, 2026 2:56 PM

New Delhi, March 13 (IANS) Indian banks are benefiting from sustained credit growth, deeper digital public infrastructure and rapid adoption of AI‑driven operating models, and heightened regulatory focus on climate risk, cyber resilience and governance, a report said on Friday.

India poised for best scalable indigenous AI products starting with voice‑led apps: Report

IANS | March 13, 2026 2:18 PM

New Delhi, March 13 (IANS) India’s large digital user base and low user acquisition costs provide foundation for scalable artificial intelligence products, and the first consumer AI app to reach 200 million users in India will likely be voice‑led rather than English‑prompted, a report said on Friday.

US waiver frees almost 20 million barrels of Russian oil for sale

IANS | March 13, 2026 2:13 PM

New Delhi, March 13 (IANS) The US waiver for buying seaborne Russian crude has immediately freed another 20-odd million barrels of oil on board ships which is expected to cool runaway prices that have crossed the $100 per barrel mark in the global market amid the Iran war.

business

OMCs working to maintain LPG supply despite global disruptions: CPIL CMD

Rising debt threatens Pakistan’s growth, job creation: Report

Sensex, Nifty drops nearly 2 pc amid escalating Middle East tensions

Pak faces severe medicine shortage amid import disruptions, just 45 days’ stock left

Govt to keep fiscal deficit within revised estimates, no shortage of fertilisers: FM Sitharaman

S. Korea’s antitrust regulator probes alleged price-fixing by gas stations in southern regions

India plans fresh incentives to boost mobile phone manufacturing after PLI scheme ends

Indian banks benefit from AI‑driven operating models: Report

India poised for best scalable indigenous AI products starting with voice‑led apps: Report

US waiver frees almost 20 million barrels of Russian oil for sale

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