Business

External Affairs Minister S Jaishankar emphasized strengthening national capabilities amidst global volatility. He highlighted India’s foreign policy focus on market access and resource security, noting geopolitical shifts and disruptions like the pandemic and conflicts. Jaishankar stressed building internal strengths as crucial for de-risking and enhancing leverage, underpinning India’s quest for a ‘Viksit Bharat’.

Delhi’s commercial LPG supply now requires users to register for piped natural gas (PNG) where available, or declare intent to switch. Oil marketing companies will verify these applications, sharing data with IGL. Businesses needing both can seek exemptions, ensuring compliance with the government’s push for PNG adoption.

Reports of an Iranian crude oil shipment rerouted to China due to payment issues have been officially denied by India’s Petroleum Ministry. The ministry clarified that such diversions are common in global oil trade for optimization and assured that Indian refiners have secured their energy supplies, including from Iran, with no payment hurdles.

IFFCO has achieved its highest-ever Profit Before Tax, projected to exceed Rs 4,106 crore for FY 2025-26, driven by robust fertiliser production and sales. The cooperative saw significant dispatches of both conventional and nano fertilisers, including new nano zinc and copper variants. IFFCO remains committed to farmer prosperity through innovation and balanced crop nutrition.

Pakistan grapples with soaring fuel prices, prompting free public transport in Islamabad and Punjab for 30 days. Despite a revised petrol price, public anger persists. The government aims to ease economic burdens amid global energy disruptions and IMF pressure, with similar measures seen in Karachi and Bangladesh.