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India becomes key petrol supplier to Russia amid attacks on refineries, fuel shortages

India’s role as a major gasoline supplier to Russia has surged recently, particularly after Ukrainian drone strikes impacted Russian refinery activities. In August, Russian gasoline imports hit unprecedented levels, with India emerging as a central contributor. Much of this gasoline was transported using sanctioned ships and involved intricate transfer practices. Increased crude oil imports from...

Shopping with AI: Consumers ask artificial intelligence for advice but less than half trust it

Consumers now use artificial intelligence for shopping decisions, though trust remains low. Younger shoppers consult more sources but trust them less, challenging brands. Companies must optimize websites for AI searches as brand mentions are minimal. Consumers seek value beyond price, considering durability and repairability. Generative AI adoption is strongest in travel, beauty, and fashion sectors.

India reaches fiscal deficit target for 2025-26, credit ratings improving: FM Sitharaman in US

India proudly announces the achievement of its fiscal deficit target for 2025-26, showcasing commendable fiscal discipline. With a clear vision, the government aspires to maintain a 50 percent debt-to-GDP ratio by 2030. This fiscal prudence was executed without compromising social welfare or infrastructure investment. Notably, smart arrangements and subsidies enabled the smooth supply of fertilisers....

Iran war at 6 months: Who gained, who lost the most economically

Six months into the war, global economic fears have not fully materialized. Oil prices surged initially but have since eased from their peak. Financial markets have recovered strongly, boosted by artificial intelligence optimism. Airlines and farmers face increased costs, impacting travelers and food security. Clean energy and defense contractors have emerged as significant beneficiaries.

What will guide Dalal Street this week? GDP data, crude and more in focus

This week promises significant economic developments on Dalal Street with a flurry of data to analyze. India’s Q1 FY27 GDP stats are anticipated on August 31, giving insight into economic growth. The August PMI figures for the manufacturing and services sectors will be closely watched as well. Furthermore, the US non-farm payrolls, released on September...

India’s economy set for 7-7.2% growth in FY27 despite global headwinds: EY

India’s economy is poised for significant growth in FY27, with forecasts suggesting an expansion between 7 and 7.2 percent. This anticipated surge in economic activity will be driven by strong domestic demand and government investment initiatives. Notably, manufacturing is showing an impressive rebound, although inflation poses a considerable threat by affecting wholesale prices. Meanwhile, challenges...

FPIs continue to buy: Foreign investors pump over Rs 30,900 crore into Indian equities in August

In August, foreign investors poured Rs 30,919 crore into Indian equity markets, signaling a notable turnaround following earlier withdrawals. Investor confidence strengthened due to rising corporate earnings and a stable rupee. Additionally, diminishing geopolitical worries positively influenced emerging market investments. Nevertheless, ongoing risks related to Middle Eastern tensions and fluctuating oil prices continue to pose...
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    Daily WA Online is an independent news and media platform covering Western Australia. Owned by TMFS International Pty Ltd., we publish local stories, business insights, lifestyle features, and community voices for the digital era.

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