Iran-backed Houthi rebels’ attack on commercial ships in the Red Sea has sparked fears of destabilizing the region amid the ensuing Israeli war in Gaza. The US has formed a multinational task force, named Operation Prosperity Guardian, to deter the Houthi threat in the middle eastern waterway, which is crucial for international trade. India’s big chunk of crude oil shipping also comes from this area. Major oil companies are now taking longer routes to deliver goods, resulting in a sharp rise in oil prices.
India’s agricultural and processed food exports have seen a strong 11% growth, reaching $17.77 billion…
The Centre is ramping up efforts to procure pulses, including tur, urad, and lentils, from…
The government has released ₹1,596 crore under its Production-Linked Incentive (PLI) schemes for six sectors…
Deloitte India has revised its 2024-25 GDP growth projection to 6.5-6.8%, citing global trade and…
In a bid to bolster India's position as a global leader in the diamond trade,…
The direct selling industry in Northeast India grew to Rs 1,854 crore in 2022-23, up…