Economics
Trade, fiscal policy, banking, agriculture and economic indicators
OpenAI to spend more than $20 billion on Cerebras chips, receive equity stake: Report
OpenAI has agreed to spend more than $20 billion over three years on servers powered by Cerebras Systems chips, with total potential spending reaching $30 bi...
Venezuela, IMF, World Bank restore relations, paving way for investment
The International Monetary Fund (IMF) and the World Bank Group announced the resumption of formal relations with Venezuela, recognising the administration of...
Chirag Paswan flags spice export quality issues, says rejections are “disheartening and embarrassing”
Union Minister Chirag Paswan (Minister of Food Processing Industries) flagged persistent quality issues in India's spice exports, calling overseas rejections...
Tea bodies urge PM Modi to allow producers freedom to choose mode of sale
Four leading tea producer associations from Assam and West Bengal — Assam Bought Leaf Tea Manufacturers Association, North Eastern Tea Association, Bharatiya...
Falling prices leave Kashmir apple growers, traders distressed
Wholesale prices of Kashmir apples in markets outside Jammu and Kashmir fell by 30–40%, driven by rising temperatures causing early and rapid ripening, a con...
Iran declares Strait of Hormuz open after Lebanon truce; Trump says blockade to continue
Iran declared the Strait of Hormuz "completely open" for commercial shipping on April 17, 2026, for the duration of the ongoing U.S.-Iran truce. The ceasefir...
India, Austria launch Fast-Track Investment Mechanism; flag India-EU FTA as key trade driver
India and Austria jointly announced the establishment of a Fast-Track Investment Mechanism (FTIM) during the official visit of Austrian Chancellor Christian ...
Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say
Indian Oil Corporation (IOC) and Reliance Industries — both of whom purchased Iranian crude under a temporary US general licence — are settling trade payment...
West Asia conflict hits India’s seafood exports to Gulf nations
Ongoing conflict in West Asia has caused significant disruption to India's seafood exports to Gulf nations, with industry sources estimating exports to the r...
Inside Andhra’s millet push that is turning women into entrepreneurs
Across Andhra Pradesh, a state government initiative is building a network of women-led millet enterprises that connect farms, processing units, and local ma...
China suspends import licences of 3 Indian rice export firms
China's General Administration of Customs (GACC) suspended import licences of three Indian rice export firms, citing alleged presence of genetically modified...
Banking FDI for nuclear power projects in the pipeline, says official
Seema Jain, Member (Finance) at the Department of Atomic Energy (DAE), stated that banking finance and FDI for nuclear power projects are in active planning,...
Oil plunges, stocks jumps as Iran declares Hormuz open
Iran's Foreign Minister Abbas Araghchi announced on April 17, 2026 that the Strait of Hormuz is "completely open" for all commercial vessels for the remainde...
First loaded Iranian oil tankers exit Gulf since U.S. blockade: Kpler
Three Iranian crude oil tankers — the Deep Sea, Sonia I, and Diona — became the first loaded Iranian vessels to pass through the Strait of Hormuz since the U...
US ends oil waivers but Russian crude flows to India ‘likely to remain steady’ amid Hormuz disruption
The United States has ended waivers that had allowed India to continue purchasing Russian crude oil without attracting secondary sanctions. The specific waiv...
FSSAI asks States to crack down on fruit ripening agents
The Food Safety and Standards Authority of India (FSSAI) issued a directive to Commissioners of Food Safety in all States and Union Territories, as well as F...
Coal Ministry launches 15th round of commercial auctions
The Ministry of Coal launched the 15th round of commercial coal mine auctions on April 17, 2026, in Mumbai, with Coal Secretary Vikram Dev Dutt as the chief ...
India's economy slipping to 6th rank, IMF data shows, prospects bright
India has slipped to the 6th position in IMF's global nominal GDP rankings for 2025, behind the United States, China, Germany, Japan, and the United Kingdom....
India's forex reserves up $3.83 billion to reclaim $700 bln mark
India's foreign exchange reserves rose by $3.83 billion to $700.946 billion in the week ending April 10, 2026, reclaiming the $700 billion milestone. The pri...
India seen as stable global capital hub with $4.4 trillion market cap: SEBI chief
SEBI Chairman Tuhin Kanta Pandey, speaking at a CII–US-India Business Council event on the sidelines of the IMF-World Bank Spring Meetings, highlighted India...