Business News: Economy & Markets

OPEC+ nations to ramp up oil output in May amid global energy crisis

IANS | April 5, 2026 10:48 PM

New Delhi, April 5 (IANS) In their collective commitment to support oil market stability amid the West Asia crisis, the eight OPEC+ countries — Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman — on Sunday decided to implement a production adjustment of 206 thousand barrels per day in May -- from the 1.65 million barrels per day additional voluntary adjustments announced in April 2023.

Pakistan brazenly violating EU terms for tariff-free garment exports

IANS | April 5, 2026 7:53 PM

New Delhi, April 5 (IANS) The European Union, through its Generalised Scheme of Preferences Plus (GSP+), granted Pakistan duty-free access to its lucrative markets in January 2014 in exchange for its commitment to uphold international human rights, labour, environmental and governance standards.

Bangladesh faces economic strain as Iran war pushes up fuel and food costs

IANS | April 5, 2026 5:04 PM

New Delhi, April 5 (IANS) The ongoing war in Iran is creating real economic pressures in Bangladesh, affecting fuel, fertiliser, freight, and foreign exchange, a report has said.

Indian Railways modernising coaches to boost passenger comfort and safety: Ashwini Vaishnaw

IANS | April 5, 2026 4:27 PM

New Delhi, April 5 (IANS) Union Railways Minister Ashwini Vaishnaw on Sunday said that Indian Railways is undertaking major efforts to modernise train coaches in a bid to enhance passenger comfort and safety.

More flights coming to India from Gulf region

IANS | April 5, 2026 4:00 PM

New Delhi, April 5 (IANS) The flight situation from the Gulf region to India continues to improve with 90 non-scheduled flights expected to arrive from the UAE on Sunday, according to an official statement.

Over 51 lakh LPG cylinders delivered in a day, no dry-out at gas agencies: Centre

IANS | April 5, 2026 3:47 PM

New Delhi, April 5 (IANS) Online LPG cylinder bookings have increased to 95 per cent, and no dry-out has been reported at LPG distributorships with more than 51 lakh domestic cylinders distributed on April 4, according to the latest update issued by the Ministry of Petroleum and Natural Gas on Sunday.

Fuel price hike unavoidable amid global oil shock, Pakistan faces inflationary fallout

IANS | April 5, 2026 3:42 PM

New Delhi, April 5 (IANS) Pakistan’s sharp increase in domestic petrol and diesel prices is being seen as an unavoidable response to rising global oil costs triggered by the ongoing US-Israel conflict with Iran, even as the move is expected to intensify inflationary pressures across the economy, a report has said.

India’s major ports handled record 915.17 million tonnes of cargo in FY26

IANS | April 5, 2026 3:15 PM

New Delhi, April 5 (IANS) In a significant achievement for India’s maritime sector, the country’s major ports have collectively handled 915.17 million tonnes (MT) of cargo during FY 2025-26, surpassing the annual target of 904 MT, according to a statement issued by the Ministry of Ports, Shipping and Waterways to mark National Maritime Day.

India’s pharmaceutical exports exceed $28 billion up to February

IANS | April 5, 2026 3:09 PM

New Delhi, April 5 (IANS) India’s pharmaceutical exports reached over $28 billion up to February in the current financial year, registering a growth of more than 5 per cent compared to the same period last year, a senior government official has said.

India's role seen as vital to bolster Bangladesh-Nepal economic ties

IANS | April 5, 2026 3:05 PM

New Delhi, April 5 (IANS) Nepal's first billionaire, Binod K Chaudhary, has said that Bangladesh and Nepal could strengthen economic ties in energy and cross-border trade, with closer regional cooperation involving India.

business

OPEC+ nations to ramp up oil output in May amid global energy crisis

Pakistan brazenly violating EU terms for tariff-free garment exports

Bangladesh faces economic strain as Iran war pushes up fuel and food costs

Indian Railways modernising coaches to boost passenger comfort and safety: Ashwini Vaishnaw

More flights coming to India from Gulf region

Over 51 lakh LPG cylinders delivered in a day, no dry-out at gas agencies: Centre

Fuel price hike unavoidable amid global oil shock, Pakistan faces inflationary fallout

India’s major ports handled record 915.17 million tonnes of cargo in FY26

India’s pharmaceutical exports exceed $28 billion up to February

India's role seen as vital to bolster Bangladesh-Nepal economic ties

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