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₹1.05 lakh per kilolitre, though lower than initially announced.On Wednesday, state-run oil marketing companies briefly hiked jet fuel prices by more than 100% before rolling back the increase for domestic scheduled flights following government intervention.International routes, however, will bear the full increase, setting the stage for costlier overseas travel ahead of the peak summer season. With ATF accounting for a substantial share of airline operating costs, carriers are expected to pass on the higher burden, making outbound travel more expensive in the coming weeks.FY26 proved turbulent for Indian equities, with foreign portfolio investors (FPIs) turning decisively bearish amid mounting global headwinds—from US-led tariff disruptions to the West Asia war.Net FPI outflows totalled ₹1.8 trillion in FY26, the highest since records began in 1992, according to a Mint analysis of National Securities Depository Ltd (NSDL) data, exceeding all previous episodes, including the global financial crisis in FY09.The selloff intensified towards end of the year, with March 2026 alone recording ₹1.2 trillion in outflows, as geopolitical uncertainty fuelled fears of FY27 earnings downgrades and unsettled India’s macroeconomic outlook.

₹800 crore handicrafts industry is seeing orders stall, cash get locked up and livelihoods fray—exposing its deep reliance on export markets.In Eidgah’s Narwara locality, Pashmina weaver Rauf Ahmad Qureshi, 54, keeps one eye on his loom and the other on television updates from the Gulf, where demand for his work is shaped. “We get work through traders, so any crisis impacts us quickly,” he told Mint. “An artisan lives hand to mouth.

₹600 per kg to ₹1,000 per kg, premium Mamra almonds from Iran up about 25% to ₹3,500 per kg, and prunes in some cases doubling from ₹500 per kg to ₹1,000 per kg. Pistachio prices have risen from ₹2,000 per kg to ₹2,800 per kg in the past month.Overall, he said, imported dry fruit prices have increased between 15% and 100%, depending on availability and sourcing constraints.India sources a wide range of dry fruits globally, with Iran and Afghanistan among the key suppliers of pistachios, figs, raisins, apricots, dates and premium Mamra almonds.

On April Fools’ Day, the American president addressed the nation and the world to send not one message about the war that the US and Israel launched against Iran a month ago, but all possible messages at once.The conflict is “nearing completion,” Donald Trump said, before repeating that the US might also escalate by hitting Iran’s power plants if there’s “no deal.” The US is “on track to complete all of America’s military objectives shortly, very shortly,” he asserted, before claiming that “we never said ‘regime change’” while simultaneously musing that the regime, which remains ensconced, sort of has changed, since American and Israeli forces have killed so many leaders.Again he claimed that the US “obliterated” Iran’s nuclear facilities last year, even though evidence is accumulating that the Iranians had safely moved their enriched uranium to other locations before those strikes. Trump knows this too, since he has been considering ordering ground troops to try to seize that fissile material, while fearing the quagmire such a mission could end in.“We have all the cards, they have none,” the president boasted.

Read more.War opens a window for India’s space startups: India’s space startups may have found an unexpected tailwind. The Iran war is driving demand for satellite-based surveillance, creating a “just right” moment for firms building imaging and data capabilities.Startups like Pixxel, Digantara and GalaxEye Space are already seeing inbound interest and signing deals, especially from West Asia, where many countries lack their own satellite systems.The opportunity is sizeable, with projections pegging India’s space surveillance market at $8 billion by 2033.

Mint, the company “has started receiving queries and having conversations with at least two West Asian nations to supply space-based sensing and Earth observation data”.Speciale Invest and Infosys-backed GalaxEye is in the race for surveillance satellite solution services. Suyash Singh, co-founder and CEO, said the company is ready to launch its Drishti optical and synthetic aperture radar (OpToSar) surveillance satellite this quarter, following which surveillance imaging and data services will commence commercially from July.“There is certainly a lot of interest, but the number of surveillance satellites that can cater to foreign demand in the current war from India is only in double digits, as compared with the US having hundreds of satellites in orbit," Singh said."We’re launching a 1.5-metre earth observation satellite in about two months, and in anticipation of the future demand based on queries received, have established plans to set up a 0.5-metre resolution satellite constellation of 20 satellites for Earth observation and surveillance constellation by 2029,” he added.Space firms are therefore hedging their bets on surveillance satellites, seeking to tap into a global surge in demand for space-based data.Several factors are driving this shift.“One of the key factors is that many West Asian nations, including Iran, do not have sovereign satellite capabilities and run very limited and small-scale space programmes.

. 28, lasts for only a few more weeks, falling gas prices will likely deliver an economic tailwind later this year. If the stress continues for months, however, economists will start to worry about a slowdown, or even a recession.President Trump in a prime-time speech Wednesday said he would achieve America’s military objectives “very shortly” and vowed to hit Iran “extremely hard over the next two to three weeks.” Equities markets closed little changed Thursday, while U.S. oil futures soared.The U.S.

Mint.A multipolar world could open up new leadership pathways that may not align perfectly with the largest economies, said Sternfels, pointing to emerging growth areas such as artificial intelligence (AI) and data centres.India’s talent, combined with grit and entrepreneurship, gives it a winning edge, said Sternfels, who is serving his second three-year term as head of the consulting firm that has a significant influence across boardrooms and national leaderships.“In a shifting world order, this is India’s leadership moment on multiple dimensions, as it becomes a strategic imperative for organizations globally to re-orient towards India,” he said.Sternfels rejected the idea that global trade is diminishing. Instead, it is growing in different ways, he said.Global trade flow moves like water; if it is blocked somewhere, it finds a different way, said Sternfels, adding that a few free trade agreements were negotiated among countries in the last 12 months, but they do not involve the US.

Write to Jon Emont at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

VIP and Safari each command roughly a third each of India’s organized market with the US brand Samsonite making for the rest, data from VIP Industries’ filings and analysts tracking the stock shows. But in the first nine months of 2025-25, ending December, Safari has overtaken VIP in revenue ( ₹1,574 crore compared to ₹ 1,422 crore).

This persistent stalemate stems from caps on overseas investments imposed by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi). Once these $8 billion aggregate ceilings were breached in 2022 and 2024, fresh allocations were halted. This effectively locked the market in favour of first-movers.

Write to Alexander Ward at [email protected] and Meridith McGraw at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.

Like the ministerial gatherings in 1999, 2003 and 2017, the 14th Ministerial of the World Trade Organization (WTO), held at Yaoundé, Cameroon, ended without an agreement on anything. US trade representative Jamieson Greer used the occasion to reiterate his long-held view that the WTO is not of much use. This trade body operates by consensus and India has had its fair share of blame for such huddles yielding little, having held firm on its right to subsidize agriculture, a point that rich countries found hard to stomach.

American technology major Oracle Corporation’s decision to part ways with 30,000 employees globally—almost 19% of its total workforce—has sent shockwaves through the organization. It has also deepened concerns about the sustainability of software product companies in the era of artificial intelligence (AI) and automation.Employees across sales, human resources, engineering and developer roles faced the axe after receiving an email from the company’s leadership at 6 am (in all time zones) on Wednesday, citing “broader organisational change”.

₹50 in India and $1 in the US, with an exchange rate of ₹100 per dollar. The real exchange rate is then 0.5, meaning an Indian X is half as expensive as an American X when expressed in a common currency.Now, imagine that domestic prices rise by 10%, so X now costs ₹55 in India, and the exchange rate moves to ₹110 per dollar. The nominal exchange rate has depreciated, but the real exchange rate remains 0.5.

Write to Nicholas Bariyo at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

The financial and economic implications of the US-Israeli war with Iran will depend on the war’s duration. The longer it goes on, the longer we can expect oil, gas, fertilizer, helium and other prices to remain elevated.

Mumbai/Bengaluru: Fast-food chains serving dosas and momos to pizzas across India have found out that switching away from cooking gas amid the ongoing supply squeeze is difficult. The piped gas network is confined to a few cities, and the transition to electric cooking is hampered by higher operating costs and a spike in upfront equipment prices.“Over the past three weeks, we have made conscious efforts to reduce our dependency on gas by increasing the adoption of electric equipment across locations,” said Ankur Sharma, co-founder of Rebel Foods, which operates cloud-kitchen brands such as Faasos, Behrouz Biryani and Oven Story Pizza.“In some areas, we continue to face constraints due to limited availability of equipment from vendor partners,” he said.

New Delhi: India plans to float a fresh tender for over 3,000 electric buses by June, according to people aware of the development. This is set to be launched just six months after closing of the country's largest e-bus tender for over 10,000 units.The move aims to sharpen the country's push to electrify public transport and reduce fuel dependence, as oil supply risks from the West Asia war continue to weigh on costs.According to two executives in the know, the tender will be rolled out under the PM e-bus seva scheme, which aims to subsidize purchase of 10,000 e-buses across the country.

Best stocks to buy today (All buy trades are rates of equity, and sell rates are based on F&O)Indusind Bank Ltd: Sell below 750 | Stop 790 | Target 685 (Multiday)IPCA Laboratories Ltd: Buy above ₹1,610 | Stop ₹1,540 | Target ₹1,785 (Multiday)On 30 March 2026, Indian equity markets witnessed heavy selling pressure for the second consecutive session as surging crude oil prices above $114 a barrel and escalating tensions in the Middle East dampened investor sentiment. The NSE benchmark Nifty closed sharply lower by 488.20 points, or 2.14%, at 22,331.40, marking its weakest finish in nearly eleven months.

a $30 billion racial equity commitment after the murder of George Floyd and a $2.5 trillion climate change plan in 2021.Now, the bank is committing to adding three million new small-business customers, on top of seven million today. And it wants to lend them up to $80 billion over the next 10 years, through loans and support for community-oriented banks and investment funds.