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    Oil prices soar and stock prices fall as US-Israel war with Iran rattles markets
    India's manufacturing sector activity growth jumps to 4-month high in Feb: PMI
    Arkel invests RS.100 Cr in Phase 1, Opens Advanced Lift Control Manufacturing Facility
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March 2, 2026
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Oil supply disruption risk drives markets as geopolitical attacks push energy prices up and equities downward.
Attacks on Iran caused equity declines and sharp rises in oil and gold as traders priced in disruption to energy flows through the Strait of Hormuz; sustained interruptions to Iranian exports and regional shipping could tighten global supply, elevate fuel and production costs, affect major importers' sourcing strategies, and influence inflation dynamics and central bank rate decisions.
March 2, 2026
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Manufacturing activity growth driven by stronger domestic demand despite slower export orders, prompting higher input buying and hiring.
Manufacturing activity accelerated to a four-month high as stronger domestic demand supported faster output growth and higher new business intakes; firms increased input purchasing, inventories and hiring. New export orders continued to slow, somewhat constraining employment creation. Cost pressures remained moderate, and forward-looking sentiment was positive with many manufacturers expecting higher output over the year ahead.
March 2, 2026
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Compliance with IS-17900 drives local manufacturing of advanced lift control systems, reducing import dependence and strengthening supply chains.
A Phase 1 manufacturing facility invests in local production of advanced lift electronic control systems designed to comply with IS-17900, reduce import dependency, and enable component to finished product localisation. The plant will operate automated PCB and semi automatic panel lines to produce MR, MRL and Slim Panels, emphasise controlled environment quality, IoT features, and support supply chain resilience and national industrial policy objectives under the Make in India framework.
March 2, 2026
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Reservation policy implementation strengthened across public financial institutions to improve accessibility and uniform compliance measures.
Strengthening institutional capacity for uniform implementation of the Government of India's reservation policy across public financial institutions and enhancing accessibility for Persons with Disabilities were the primary objectives. The programme combined a Sugamya Bharat sensitisation session on accessibility standards and compliance requirements, a roundtable on legal provisions and practical challenges, exchange of best practices, and an interactive question-and-answer session to identify operational measures for inclusivity, accessibility and reservation policy compliance.
March 2, 2026
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Deferred Customs Duty payment enables qualified manufacturers to clear imports and pay duties monthly, subject to compliance and eligibility.
A Deferred Customs Duty payment facility allows Eligible Manufacturer Importers to clear imports without immediate duty payment and to pay applicable customs duties monthly under the Deferred Payment of Import Duty Rules, 2016, subject to prescribed Customs and GST compliance, turnover, financial standing and track record; existing AEO T1 entities meeting eligibility may participate and applications are to be submitted via the AEO portal.
March 2, 2026
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Energy supply disruption risks trigger global market selloff and safe-haven flows, lifting oil and gold while bond yields fall.
Global markets moved to risk-off after US and Israeli attacks on Iran: equities opened lower while gold and government bonds rallied and oil prices surged on fears that strikes and incidents in the Strait of Hormuz could restrict oil and LNG exports, raising the prospect of higher energy and production costs; higher-than-expected wholesale inflation readings were identified as a factor that may affect the central bank's timing for interest-rate cuts.
March 2, 2026
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Rupee depreciation driven by crude price surge, dollar strength and foreign fund outflows pressures local currency lower.
Rupee depreciation in early trade reflected external pressures-higher crude prices, a stronger US dollar, and escalated Middle East tensions-compounded by negative domestic equity sentiment and significant foreign institutional outflows. Market indicators included a firmer dollar index, rising Brent crude futures, and a recent dip in forex reserves, while analysts warned of increased import bill risk due to India's reliance on fuel imports.
March 2, 2026
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Energy supply disruption threatens global oil flows, driving sharp price increases and straining fuel and goods markets worldwide.
Attacks and retaliatory strikes in the Middle East disrupted flows through the Strait of Hormuz and regional export infrastructure, triggering sharp crude price rises and heightened risk of sustained supply constraints; OPEC+ announced production increases, but analysts stress that constrained export routes limit the immediate effectiveness of added output.
March 2, 2026
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Maritime chokepoint security threatened, risking oil export disruptions and limiting the relief from increased production.
Attacks and military strikes in the Middle East disrupted maritime traffic through the Strait of Hormuz, risking restrictions on regional crude exports and driving upward pressure on oil and gasoline prices. Because the strait is a critical global oil chokepoint, market concerns focus on whether barrels can physically move; consequently, OPEC+ announcements of increased production may provide limited immediate relief if export routes remain constrained.
March 2, 2026
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Oil supply security: production increases meet limited relief when export routes through the Strait of Hormuz are disrupted.
OPEC+ announced an April increase in crude production intended to augment available supply while regional military attacks and disruptions to tanker movements - particularly through the Strait of Hormuz - threaten export routes. The notice underscores that interruptions to transit can limit the relief additional output provides and that access to export channels will be decisive for near-term market stability and price direction.
March 1, 2026
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Energy security measures cushion supply shocks but elevate price volatility and macroeconomic pressures for oil importers.
Escalating tensions around Iran and the Strait of Hormuz create near-term energy security risks for India manifested chiefly as price volatility and macroeconomic pressure rather than immediate physical shortages. Layered inventory buffers - commercial stocks, in transit cargoes and Strategic Petroleum Reserves - combined with diversified sourcing options (including Atlantic suppliers and Russian optionality) reduce the likelihood of sustained supply disruption, though longer transit times and LNG contractual rigidity limit rapid substitution and increase vulnerability to prolonged closures.
March 1, 2026
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GST revenue growth signals strengthened tax receipts driven by import collections and improved domestic sales affecting fiscal enforcement.
A court ordered continued judicial custody for eight alleged Lashkar-e-Taiba operatives accused of illegal entry and procuring forged identity documents while another court directed the immediate release of 14 student protesters arrested after a campus demonstration. Separately, gross Goods and Services Tax collections rose year-on-year, led by higher import receipts and improved domestic sales, reflecting stronger enforcement and compliance dynamics within the indirect tax regime.
March 1, 2026
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SGST growth reflects strengthened tax administration and compliance following GST rate rationalisation, bolstering state revenues.
Haryana reports marked year on year expansion in State Goods and Services Tax (SGST) receipts for 2025-26, attributing the improvement to strengthened tax administration, enhanced compliance stemming from departmental reforms and better tax analysis, facilitation via district GST Suvidha Kendras, and the GST Council's September 2025 rate rationalisation as complementary drivers of revenue growth.
March 1, 2026
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GST revenue growth maintained despite rate reductions; enhanced compliance and AI-driven analytics strengthened state collections effectively.
Andhra Pradesh achieves record net Goods and Services Tax receipts for February, with SGST and IGST growth offsetting marginal gross GST decline. Revenue momentum is supported by higher professional tax and petroleum VAT receipts. The state credits strengthened compliance-targeted audits, stricter return filing, coordinated IGST settlements, and performance based officer deployment-and advanced data analytics and AI oversight that detect evasion and reverse ineligible input tax credit claims for measurable recoveries.
March 1, 2026
Show AI Summary
Shipping risk allocation: exporters urged to avoid CIF and prefer FOB as geopolitical risks raise freight and insurance exposure.
Advises exporters to avoid new Cost, Insurance and Freight (CIF) commitments to Iran and Gulf destinations and to conclude sales on Free-On-Board (FOB) terms where feasible so freight, insurance and related risks rest with the buyer. Notes that West Asia instability may sharply increase bunker prices, disrupt vessel availability, raise freight and insurance premiums, and produce price volatility; urges restraint, avoidance of open-ended unhedged positions, and monitoring of consignments in transit or awaiting clearance.
March 1, 2026
Show AI Summary
GST rate restructuring boosts revenues as import and domestic consumption support post cut recovery in collections.
GST collections rose year on year following a statutory GST rate restructuring that reduced rates on numerous items and consolidated slabs; import revenue and domestic consumption supported recovery after an initial post cut dip. The pattern includes higher refunds, lower cess receipts, and divergent state level growth, raising considerations for revenue forecasting, state fiscal impacts, and the operational stability of the restructured indirect tax framework.
March 1, 2026
Show AI Summary
Export disruptions to Iran risk shipment halts and payment delays for rice exporters amid regional conflict.
Shipments to Iran and consignments to Afghanistan via Bandar Abbas have been held up following military strikes, causing immediate shipment disruptions and likely payment delays until the security situation improves; exporters warn the impact depends on conflict duration and note heightened commercial risk from lack of war-risk insurance for vessels.
March 1, 2026
Show AI Summary
Goods and Services Tax collections rose driven by import revenue growth, with higher refunds and lower cess receipts.
Gross collections under the Goods and Services Tax increased year on year, driven mainly by a stronger rise in import related GST receipts; domestic GST rose more modestly. Total refunds increased, and net GST receipts were higher year on year, while cess receipts declined markedly compared with the prior year period.
March 1, 2026
Show AI Summary
Energy supply resilience mitigates immediate oil disruption risk, though prolonged Hormuz closure heightens price and supply concerns.
India's layered inventory buffers - commercial stocks, in-transit crude and strategic petroleum reserves - and full refinery tanks reduce the likelihood of immediate physical disruption from a short-term Strait of Hormuz closure, shifting the principal near-term impact to price, freight and insurance volatility; prolonged closure would more severely affect LNG and LPG due to contract rigidity and transit dependence, prompting reliance on diversified sourcing, Russian optionality, longer transit planning and strategic reserve drawdowns.
March 1, 2026
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Bail parity: Former CMO official released after court found investigation substantially complete and parity with other accused.
The court evaluated bail petitions in parallel Economic Offences Wing and Enforcement Directorate inquiries alleging a syndicate diverted liquor to government shops and laundered proceeds; it found the investigation substantially complete, trial unlikely to conclude soon, and that continued detention would not serve justice. Prosecution relied on asserted digital communications and co-accused statements alleging supervisory role and receipt/handling of proceeds; defence disputed incriminating material, reliance on statements, selective arrests and urged parity and repeated prior incarcerations. The court held evidentiary weight requires trial testing and noted parity with other released accused.

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What Is the Best Eco-Friendly Refrigerator to Buy This Summer?

March 9, 2026

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Pune, Maharashtra, India (NewsVoir) During summer, refrigerators work harder than usual. Rising temperatures and frequent door opening — whether to grab a cold drink or store leftovers — put extra pressure on the appliance. An eco-friendly refrigerator is designed to handle this better, consuming less energy and using eco-friendly refrigerants without compromising on cooling. Brands like Haier, LG, and Samsung offer a solid range of options for those looking to upgrade.

The good news is that upgrading doesn't have to mean a large one-time expense. The Bajaj Finserv Summer Sale makes it more affordable, with Easy EMI Loan of up to Rs. 5 lakh, seasonal discounts, and zero down payment on select models. Shoppers can head to their nearest Bajaj Finserv partner store — including Vijay Sales and Croma — to avail the financing options and take their new refrigerator home the same day.

Why eco-friendly refrigerators are worth considering? The BEE star rating is a reliable indicator of energy efficiency — the higher the rating, the lower the power consumption. Since a refrigerator runs 24/7 and is opened frequently, a higher-rated model can meaningfully reduce long-term electricity costs. Selecting the right capacity is equally important, as an oversized or undersized fridge consumes more energy than necessary.

Top eco-friendly refrigerators available in March 2026 Shoppers can compare features, capacity, and type on Bajaj Mall before visiting a nearby partner store to finalise the purchase.

• Whirlpool 205 WDE CLS Single Door Refrigerator (184L) • Price: Rs. 12,990 | EMI from: Rs. 859/month • Why it works: A compact 3-star model for small apartments — energy-conscious cooling without occupying too much kitchen space.

• Samsung Camellia Blue Single Door Refrigerator (223L) • Price: Rs. 19,990 | EMI from: Rs. 1,535/month • Why it works: Digital Inverter Technology adjusts compressor speed based on cooling demand, reducing energy consumption and noise.

• LG Smart Inverter Double Door Refrigerator (242L) • Price: Rs. 25,990 | EMI from: Rs. 1,542/month • Why it works: DoorCooling+ circulates cold air evenly across all shelves, maintaining consistent temperatures and reducing the compressor's workload.

• Samsung Convertible Double Door Refrigerator (322L) • Price: Rs. 34,990 | EMI from: Rs. 2,433/month • Why it works: Five convertible modes allow adjustment of the fridge-to-freezer ratio, avoiding energy waste when full freezer capacity is not required.

• Haier Side-by-Side Refrigerator (596L) • Price: Rs. 1,01,990 | EMI from: Rs. 5,200/month • Why it works: Twin cooling systems maintain independent temperatures across fresh and frozen sections, improving energy efficiency.

• LG InstaView Side-by-Side Refrigerator (635L) • Price: Rs. 2,06,499 | EMI from: Rs. 11,400/month • Why it works: Knocking twice on the glass panel lets users see inside without opening the door, reducing cold air loss. UV Nano technology keeps the water dispenser hygienic without additional energy use.

*Disclaimer The prices and EMIs mentioned may differ based on the variant, partner store, location, and promotional offer. Please visit your nearest partner store to find the latest offers and prices.

Limited-time offers on eco-friendly refrigerators • Whirlpool — Up to 30% off on models priced Rs. 10,000 – Rs. 1,71,000, with EMIs starting from Rs. 859/month • LG — Up to 50% off on models priced Rs. 10,000 – Rs. 2,05,000, with EMIs starting from Rs. 875/month • Samsung — Up to 50% off on models priced Rs. 10,000 – Rs. 2,05,000, with EMIs starting from Rs. 1,290/month Offers are limited-time and subject to change. Verify current availability at your nearest partner store.

How to buy a new refrigerator with Bajaj Finserv? Splitting the cost of a new refrigerator into monthly instalments makes the upgrade far more manageable instead of making a large one-time payment. During the Summer Sale, shoppers can enjoy the following benefits: • Browse on Bajaj Mall: Compare eco-friendly refrigerators by capacity, door type, star rating, and brand before visiting a store.

• Check pre-approved eligibility: The pre-approved loan limit can be verified on the Bajaj Finserv website using a registered mobile number and OTP verification.

• Find a partner store: Check shortlisted models at 1.5 lakh+ stores across 4,000+ cities.

• Check the model in person: In-store staff can assist with evaluating capacity, star rating, energy features, and build quality.

• Choose an EMI plan: Financing of up to Rs. 5 lakh is available through the Bajaj Finserv Insta EMI Card or Easy EMI Loan, with zero down payment on select models and tenures ranging from 1 to 60 months.

• Complete the purchase: Once approved, the transaction is processed instantly and the refrigerator can be taken home the same day.

With limited-time offers and exclusive deals during the Bajaj Finserv Summer Sale, March is a practical time to upgrade to an eco-friendly refrigerator.

About Bajaj Finance Limited Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.

To know more, visit www.bajajfinserv.in.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR PWR

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