E20 costlier to produce than pure petrol: Government

Petroleum ministry clarifies ethanol programme amid debate NEW DELHI: Petroleum and natural gas ministry on Friday said that E20 petrol is currently costlier to produce than pure petrol at prevailing global crude oil prices, but maintained that the ethanol blending programme has helped protect Indian consumers from volatile international oil prices while improving the country’s…

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India, among world’s largest exporters of refined oil products, set to see 25% rise in petroleum product exports

The latest capacity expansion also comes at a time when additions to global refining capacity remain limited. (AI image) India’s petroleum product exports could increase by around 25% from the FY25 level of $44.4 billion. India is one of the world’s leading exporters of refined petroleum products. The increase is expected to come over the…

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India-Us Trade Negotiations: India should avoid early trade concessions to US, test Washington’s resolve: SBI Ecowrap

The report argues that the US has increasingly adopted a negotiation strategy built around uncertainty (Representative image) India should avoid making early concessions in its ongoing trade negotiations with the United States and instead remain patient as Washington’s bargaining position evolves, according to the latest SBI Ecowrap report.The report argues that the US administration has…

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Southwest Monsoon India: Weak rains could dent farm incomes, consumption and inflation outlook: S&P

S&P Global Ratings said inadequate rainfall could reduce crop yields and directly affect farmers’ earnings (File photo) A weaker-than-normal southwest monsoon could pose risks to India’s rural economy by reducing farm incomes, increasing food inflation and slowing consumption demand in the coming months, according to a report by S&P Global Ratings.The rating agency said agriculture…

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Oil Prices: Oil stocks today: Crude slips but heads for weekly gains as US-Iran conflict keeps supply fears alive

Oil markets remained focused on developments in the Middle East after Iran launched attacks on US military infrastructure in Gulf states Oil prices edged lower in early trade on Friday but remained on course for strong weekly gains as renewed military exchanges between the United States and Iran kept concerns over global crude supplies elevated.Brent…

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Gold, Silver Rate Today Live Updates: Yellow metal steadies but remains on track for weekly loss; silver tumbles

Welcome to our Gold Rate Today live blog, where we bring you the latest updates on gold and silver prices from India and global markets throughout the day. Gold is trading cautiously after renewed military exchanges between the United States and Iran reignited inflation concerns and increased expectations that the US Federal Reserve could keep…

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Li-ion, electronics parts get customs duty waiver

NEW DELHI: In a bid to boost the domestic manufacturing of batteries and electronics goods, govt has waived basic customs duty on goods used in manufacture of display assemblies, lithium ion cell and inductor coil module.Among the three notifications issued by the finance ministry was one to exempt the basic customs duty (BCD) on the…

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Centre looks to tap more global giants for GCCs

India having 5,000 GCCs by 2030 is realistic, achievable: Sitharaman NEW DELHI: India is planning to tap into the growing global capability centre (GCC) market to make itself indispensable to the world’s knowledge economy, as finance minister Nirmala Sitharaman Thursday reiterated that the goal of building an ecosystem capable of supporting around 5,000 GCCs by…

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