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 14 Mar 2026 05:00 PM   EconomicTimes

Israel-Iran war: Two Indian LPG carriers cross Hormuz, to reach ports on March 16–17

Middle East war: Two Indian LPG carriers, Shivalik and Nanda Devi, successfully navigated the war-torn Strait of Hormuz early Saturday. These vessels are carrying 92,700 tonnes of LPG. They were among 24 ships previously stranded. The ships are now en route to Gujarat's Mundra and Kandla ports. Arrival at Indian ports is expected around March 16th or 17th.

 14 Mar 2026 04:55 PM   EconomicTimes

Petrol, diesel supplies adequate; Govt warns against storing fuel in loose containers

Fuel is readily available across India. The Petroleum Ministry advises citizens against storing petrol and diesel in unsafe containers. Retail outlets must follow strict safety rules. Union Minister Gajendra Singh Shekhawat stated there is no petroleum crisis in India despite global energy market challenges. India has diversified its crude oil import sources to ensure supply.

 14 Mar 2026 04:19 PM   EconomicTimes

Govt resumes distribution of commercial LPG cylinders in various states

Commercial LPG cylinder distribution has resumed for select industries across various states, following extensive discussions by the Ministry of Petroleum and Natural Gas. Joint Secretary Sujata Sharma confirmed that commercial consumers will now receive LPG, with distribution already underway in multiple states.

 14 Mar 2026 03:49 PM   EconomicTimes

Axis Bank ordered to pay ₹3.19 crore for refusing demonetised notes in 2016

Axis Bank must pay Procure Logistics Services Pvt Ltd Rs 3.19 crore. The National Consumer Disputes Redressal Commission found the bank deficient in service. Axis Bank refused to accept demonetised currency notes from the company during the 2016 demonetisation period. This refusal caused the company a direct and irreversible loss. The commission ordered payment with interest.

 14 Mar 2026 03:40 PM   EconomicTimes

IOC’s Sri Lanka operations to ensure fuel supply, strengthen energy security

West Asia war: Sri Lanka Indian Oil Corporation has assured Sri Lanka of continued fuel supplies. This assurance comes amid the ongoing conflict in West Asia. The company's managing director stated that the fuel line will be maintained. Energy security for the country is a priority. LIOC previously assisted Sri Lanka during its economic crisis.

 14 Mar 2026 03:32 PM   EconomicTimes

Bengaluru hotel owner writes to PM Modi flagging economic impact on women entrepreneurs amid reported LPG shortage

Roopa Shastri, a Bengaluru hotel owner, has appealed to Prime Minister Narendra Modi regarding the commercial LPG shortage. She highlighted the severe impact on women entrepreneurs and their businesses. Shastri requested immediate action to ensure LPG supply and special priority for hotels run by women. The shortage is linked to the West Asia conflict.

 14 Mar 2026 03:24 PM   EconomicTimes

Drones, burning ships: Indian sailors stranded off Iran just want to go home

As tensions rise, Indian mariners find themselves caught in a perilous storm in the Gulf. Ships remain immobilized close to Bandar Abbas amidst a surge in drone and missile strikes. Countless sailors are left in limbo, yearning to reunite with loved ones.

 14 Mar 2026 03:11 PM   EconomicTimes

LPG crisis: Karnataka govt warns of action against gas hoarding, blackmarketing amid supply concerns

Karnataka Home Minister G Parameshwara has ordered police to act against those hoarding and black marketing LPG cylinders. Supply issues for commercial cylinders are being addressed. A special cabinet meeting is scheduled for March 27 to discuss internal reservation in recruitments. The government plans to fill over 56,000 posts following this decision.

 14 Mar 2026 03:02 PM   EconomicTimes

Petroleum ministry suspends Tamil Nadu petrol pump on report of giving fuel in loose container

A petrol pump in Tamil Nadu has been suspended for dispensing fuel into loose containers, a practice deemed unsafe by the Ministry of Petroleum and Natural Gas. The government has warned consumers against storing petrol in inappropriate containers due to serious safety risks and assured adequate availability of fuel nationwide.

 14 Mar 2026 02:44 PM   EconomicTimes

Western Railway jumbo blocks today at Prabhadevi, Borivali–Bhayandar; 45 Mumbai local trains cancelled

Western Railway services face disruption this weekend. Infrastructure work at Prabhadevi station will impact local trains. A block is scheduled for girder de-launching. Several services will be cancelled or short-terminated. No trains will stop at Matunga Road and Mahim. Another block affects Borivali and Bhayandar lines. Expect at least 45 cancellations and delays for local and express trains.

 14 Mar 2026 02:38 PM   EconomicTimes

Centre identifying sites in J&K for new hydropower projects, says Khattar

New hydropower projects are planned for Jammu and Kashmir. Water may be diverted to northern states. India is expanding power generation capacity, focusing on renewables like solar and nuclear energy. Thermal power will continue to support grid stability. The demand-supply gap has significantly narrowed. Discoms are showing profits but carry accumulated losses.

 14 Mar 2026 02:27 PM   EconomicTimes

Akasa Air joins Indian airlines to apply fuel surcharges on domestic, international flight tickets amid Iran war

Akasa Air has introduced fuel surcharges ranging from Rs 199 to Rs 1,300 on domestic and international flights, effective March 15. This move follows similar actions by IndiGo and Air India, driven by rising aviation turbine fuel prices due to the West Asia conflict. The surcharge will be applied per sector and vary by flight duration.

 14 Mar 2026 02:19 PM   EconomicTimes

Some Fujairah oil operations outside Strait of Hormuz suspended after drone attack and fire

Oil loading operations in Fujairah, UAE have been suspended following a drone attack and fire. This incident occurred after debris fell during drone interception. No injuries were reported. Civil defense forces are managing the situation. This follows a previous drone strike that caused a fire at ADNOC's Ruwais refinery.

 14 Mar 2026 02:14 PM   EconomicTimes

No crisis in petroleum, India diversified crude oil supply: Union Minister Gajendra Singh Shekhawat

Union Minister Gajendra Singh Shekhawat assured India faces no petroleum crisis despite West Asia conflicts impacting global energy. He highlighted diversified import sources from 27 to 40 countries and government measures to ensure supply. Meanwhile, Congress MP Rahul Gandhi criticized the government's energy security, citing geopolitical pressures and the Strait of Hormuz closure.

 14 Mar 2026 01:26 PM   EconomicTimes

West Asia war hits medical tourism: Overseas patient flow to Indian hospitals drops up to 75%

Israel-Iran war: Indian hospitals face a sharp decline in international patients. The ongoing conflict has disrupted travel, causing revenue losses. Hospitals report a 50% to 75% fall in overseas patient flows. This situation is prompting a shift towards attracting patients from Southeast Asia, Africa, and Central Asia. Recovery depends on regional stability and travel confidence.

 14 Mar 2026 11:21 AM   EconomicTimes

LPG crisis: Madhya Pradesh traders body seek limited gas supply to prevent shutdown of hotels, eateries

Traders urge Madhya Pradesh administration to restore commercial LPG supply. The hospitality and food service sector faces a complete shutdown. This crisis threatens thousands of livelihoods and disrupts food supply. Alternatives like induction cooking and wood-fire are impractical. A limited LPG supply is crucial to prevent closure and maintain city services.

 14 Mar 2026 11:19 AM   EconomicTimes

JSW Steel to develop coking coal mine in Mozambique

JSW Steel will develop the Minas de Revuboa coking coal mine in Mozambique. This project is part of JSW Steel's strategy for backward integration. The mine has significant reserves and will be developed in phases. The first phase aims to produce prime hard coking coal. This development will ensure long-term supply security for a crucial steel manufacturing input.