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Mint has reviewed the correspondence.Such cookstoves are used in African countries such as Nigeria and Ethiopia and elsewhere in Brazil.The push by ISMA and GEMA comes in the backdrop of India’s ethanol makers also lobbying the government for higher ethanol blends in vehicle fuels and to find more use-cases for the country’s surplus ethanol production, as reported by Mint earlier. They have been seeking incentives for flex-fuel vehicles which run on very high ethanol blending, and higher procurement of ethanol by oil marketing companies.

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The West Asia crisis is taking a toll on Indian manufacturing and services sectors. Private sector companies are grappling with demand slowdown and input cost inflation.The seasonally adjusted HSBC Flash India Purchasing Managers' Index (PMI) Composite Output Index fell to a nearly three-and-a-half year low of 56.5 in March from a final reading of 58.9 in February.The Flash PMI is an early, advanced estimate of economic activity in the manufacturing and services sectors.

financial health is keeping a close watch on your budget—especially in uncertain times. Start by separating essential expenses such as food, housing, transport and debt repayments from discretionary spending.Once this is clear, identify areas where you can cut back or delay non-essential expenses. Postponing big-ticket spends like a new car or an international holiday can significantly ease financial stress and improve peace of mind.

₹13,000 crore leap into the future of healthcare—shifting from mass-produced generics to cutting-edge “living medicines” grown from cells, alongside advanced chemicals.With blockbuster drug patents set to expire globally, Mint explains how the country plans to tap a $300 billion biologics opportunity.To handle the work of growing medicines from living cells, India plans to build three new national research institutes and upgrade seven existing ones, including major centres in Mohali, Ahmedabad, Hyderabad, and Kolkata.These centres will focus on training a specialized workforce to manage the high level of scientific skill required. Since making medicines from living organisms is much more difficult than a standard pill, this expertise is essential for everything from laboratory research to high-tech factory management and safety checks.India plans to set up 1,000 testing sites nationwide to rigorously evaluate safety and effectiveness.This is essential because biologics are fundamentally different from traditional drugs.

They need to maintain detailed records of accounts that must be kept for long periods. If your income exceeds ₹50 lakh (raised to ₹1 crore since last year), the tax returns require you to disclose the cost of certain types of assets held by you.Such assets include shares and securities, loans and advances given, bank balances, immovable property, vehicles, jewellery, etc.

crude prices. That is primarily why ONGC shares have not rallied like their global peers since February-end when the ongoing West Asia conflict began.Of course, some don’t expect any new windfall tax. For instance, CLSA has raised ONGC stock’s target price to ₹415 apiece, almost 60% higher than current levels.

Kalyan Jewellers, Joyalukkas and Jos Alukkas, are not buying fresh inventory and are feeling the heat of the crisis, according to the same people.Titan and Kalyan Jewellers declined to comment to Mint's queries. Queries mailed to Joyalukkas and Jos Alukkas did not elicit a response until press time.This setback amid the escalating war between the US-Israel and Iran comes at a crucial juncture, as Titan's Gulf business is in a turnaround phase.In the company's post-acquisition call, chief financial officer Ashok Sonthalia had said 2025 would be a “restructuring year”, with the business expected to remain earnings-dilutive until 2027, and turn positive only from 2028, making any delay more consequential.According to Titan's December earnings call, it has completed acquisition of a 67% stake in Dubai-based Damas Jewellery, marking the closure of the $283 million deal and indicating that all required regulatory approvals have been secured.

(DGCA), and the matter was later raised in Parliament.Laser strikes near Indian airports have jumped sharply, rising from 122 cases in 2023 to over 500 in 2025, data tabled in Parliament show. The incidents pose a direct safety risk to pilots and highlight weak enforcement of rules that strictly prohibit such activity that endangers life or safety.As per data, 502 laser-related disruptions were reported across 22 airports in 2025, slightly lower than the 528 incidents recorded in 2024.

Mumbai: India’s largest private sector lender HDFC Bank has appointed at least two law firms Wadia Ghandy & Co, and Trilegal to conduct a review of the circumstances leading to former chairman Atanu Chakraborty’s sudden exit last week, said two people aware of the matter.These law firms have been tasked with aiding the bank’s internal legal counsels to sift through pages of minutes of past board meetings to see if Chakraborty had made any serious observations, according to one of the two people cited above. The bank’s board and the management maintained they had no inkling of Chakraborty’s exit and he did not specify what he was referring to as part of his ethical concerns despite being repeatedly asked.Earlier on Tuesday morning, the bank said its board approved the appointment of external law firms to conduct a review of Chakraborty’s resignation letter.

Liquefied petroleum gas (LPG) is one of the products facing a global supply crunch today, thanks to the Iran war. The result is more than a cooking gas shortage in India. In order to prioritize the availability of cooking gas for homes, the government reduced supplies to commercial establishments.

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A silver lining seems to have appeared around the clouds of war over West Asia. Donald Trump put off by five days the US threat of bombing Iran’s energy infrastructure just hours before his 48-hour deadline was to expire for Iranian forces to open the Strait of Hormuz.The US President cited “very good and productive conversations regarding a complete and total resolution of hostilities in the Middle East” between the US and Iran over the past two days as the reason for his decision.

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New Delhi: India imports around 50% of its liquefied natural gas (LNG) requirements from West Asia, and most of it is sourced from Qatar. With the ongoing blockade of the Strait of Hormuz and attacks on Ras Laffan industrial City, a large chunk of India's imports are halted. This supply crunch may impact several downstream industries in India including fertilizers and steel.

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ICE vehicles due to the higher weight of lithium-ion battery packs. “If the battery is heavier than the engine, then what the OEMs (original equipment manufacturers) expect is for the chassis and other large BIW (Body in White) components to drive the lightweighting,” Swastid Badve, general manager at Belrise Industries, told Mint in an interview.“And that's why we want to, kind of, focus on high tensile technology to drive lightweighting in all of the other components that we make like a chassis, BIW part and so on and so forth,” he added.BIW parts refer to those components that make up the structure of a vehicle including body side, floor, and roof panels, among others.To drive lightweighting, the company is investing in high tensile technology, which reduces the thickness of steel used to make components.

FPIs have remained underweight in India for a second straight year, with their ownership in National Stock Exchange-listed companies falling to a 15.5-year low of 16.7% in the December 2025 quarter, from 17.4% a year ago, NSE data showed."De-escalation aside, certain data points pertaining to the conflict seem to have become more severe, resulting in FPIs moving out of risky emerging market (EM) assets to the safety of the dollar," said Swarup Mohanty, chief executive of asset management company Mirae Asset Investment Managers (India).Mohanty said the latest attrition has come on top of the tech and AI impact on India, which had been “playing on the FPIs' mind”. Jyoti Jaipuria, founder of portfolio management services firm Valentis Advisors, attributed the plunge in FPI equity assets to a reduction in earnings visibility due to the country's "particular susceptibility" to oil price shocks, and to slowing flows to EMs specifically and to equities in general, consequent to the conflict.Since the start of the war and the near-closure of the Strait of Hormuz, Brent crude futures have surged 56% to $112.19 a barrel as of Friday, dragging the rupee down 3% to 93.71 against the US dollar on concerns over the impact of high crude prices on India’s current account deficit (CAD).A $10-per-barrel increase in oil prices raises India's CAD as a proportion of its gross domestic product by 0.4%, according to Jaipuria.The surge in crude and the rupee’s fall dragged the benchmark Nifty down 8.2% to 23,114.5 on Friday.