According to Gadkari, making better use of sugarcane by-products could also improve returns for farmers. (Image for representative purpose only) India imports most of the fuel it consumes – be it crude oil, LPG, or even LNG. Union Minister for Road Transport and Highways Nitin Gadkari has said that India’s agriculture sector can help drive…

When the US Fed hikes rates, dollar assets such as US Treasuries become more attractive. (Image for representative purpose only) Last Wednesday, the US Federal Reserve raised interest rates for the first time since July 2023. Thousands of miles away, sitting in your home which you have bought on loan, your EMI may take a…

Aliko Dangote, Africa’s richest person, has hired an Indian firm to oversee the construction of his next big project, a $16 billion refinery in Kenya.Engineers India Ltd (EIL), with a majority stake owned by the state, has signed a $450 million deal with Dangote to oversee the construction of the 700,000-barrels-per-day greenfield refinery and petrochemical…

Petrol, diesel margins for OMCs seen recovering sharply in Q2FY27 (representative image) India’s oil marketing companies (OMCs) could see a sharp recovery in petrol and diesel margins in the second quarter of FY27, although continued losses on LPG sales are likely to limit the overall benefit, according to a report by JM Financial Institutional Securities.The…

Moody’s Ratings last week raised its FY27 real GDP growth forecast to 7% from 6%. NEW DELHI: India’s growth outlook has received a broad upgrade from major global institutions, with the OECD, S&P Global Ratings, Fitch Ratings and Asian Development Bank (ADB) raising their GDP forecasts for the current financial year.The upgrades follow stronger-than-expected economic…