India’s oil consumption is expected to increase by 4% to 5.8 million barrels by 2025, according to OPEC.

The Organization of Petroleum Exporting Countries predicted that India’s oil consumption will increase to 5.80 million barrels per day in 2025, a 4.1% increase from the 5.57 million barrels per day predicted in 2024. The cartel noted in its most recent oil market report for the month that rising economic activity will lead to higher…

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India’s service activity growth slower in April but still highest in 14 years

India’s services sector witnessed one of the strongest growth rates in just under 14 years due to a favourable economic environment and rising demand strength. The seasonally adjusted HSBC India Services Business Activity Index fell slightly from 61.2 in March to 60.8 in April. In April, India’s service activity increased slightly slower, but there was…

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Net sugar output for the 2023–24 marketing year has decreased somewhat, to 280.79 lakh tonnes thus far

According to trade data issued on Monday, India’s net sugar production decreased slightly to 280.79 lakh tons as of March 15 of the current marketing year, which began in October 2023. The Indian Sugar Mills Association (ISMA) released a statement saying, “Sugar production till 15th March 2024 in the current 2023-24 season reached 280.79 lakh…

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A look at how shareholders would be impacted by SEBI’s introduction of T+0 settlement

The Securities and Exchange Board of India (SEBI), the capital markets regulator, will provide the beta version of the T+0 settlement on an optional basis starting on March 28, 2024, to boost market liquidity. SEBI announced the implementation of a new optional settlement cycle, saying, “The Board approved the launch of a beta version of optional…

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