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    Trackers Deliver Up to 23% Higher Yield and 10% Lower EPC Cost; Suggests an Independent Technical Study
    West Asia conflict: India's soybean meal exports fall 63 percent
    Citing fallout from the Iran war, IMF cuts the outlook for global growth, expects higher inflation
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    West Asia conflict threatens to push 2.5 million people in India into poverty: UNDP report
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April 15, 2026
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Solar mounting system optimisation may improve yield and reduce project cost in utility-scale solar developments.
Independent techno-economic assessment of fixed-tilt and horizontal single-axis tracker systems indicates that tracker-based configurations may deliver materially higher specific yield and lower Levelized Cost of Energy under the study's modelling assumptions. The analysis across Rajasthan, Andhra Pradesh and Madhya Pradesh compares energy yield and CUF under CUF-matched and constant-DC scenarios, highlighting the importance of site-specific evaluation in mounting system selection for utility-scale solar projects.
April 14, 2026
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Soybean meal exports slump as West Asia disruption and high domestic prices weigh on India's trade performance.
India's soybean meal exports declined sharply in March because of persistently higher domestic prices and disruption in West Asia trade routes. Export volumes fell to about 60,000 tonnes from 1.62 lakh tonnes in the corresponding prior year month, with supply to Iran, the United Arab Emirates, Kuwait and Oman reported as affected by the regional conflict. Domestic consumption remained strong, rising to six lakh tonnes from five lakh tonnes a year earlier, supported by the animal feed industry.
April 14, 2026
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Global growth outlook weakens as the Iran war lifts energy prices and inflation pressures across economies.
Global growth prospects have been revised downward after the Iran war disrupted economic momentum, with higher oil and gas prices expected to weigh on activity and inflation. The International Monetary Fund lowered its global growth forecast and raised its inflation outlook, noting that the conflict has stalled earlier resilience in the world economy and that downside risks remain elevated if energy shocks persist or spill into next year. The revised outlook reflects uneven regional effects, with energy-importing and heavily indebted poorer economies facing sharper pressure, while energy exporters may benefit from higher prices.
April 14, 2026
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Russian crude imports surge as India's state refiners resume purchases after sanctions waiver and EU ban scrutiny intensifies.
India's crude oil imports from Russia more than tripled in March 2026, with Russian crude accounting for the overwhelming share of the country's Russian hydrocarbon purchases and the increase driven by higher volumes and rising prices. The surge followed a one-month sanctions waiver on Russian oil, after which state-owned refiners resumed purchases and recorded the sharpest month-on-month increase, while private refiners also increased imports but to a lesser extent. The article also notes downstream trade flows involving refineries processing Russian crude and shipments of oil products into sanctioning markets despite the European Union ban.
April 14, 2026
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Oil prices fall as hopes rise for renewed US-Iran talks and easing Strait of Hormuz disruption risks.
Global equity markets advanced and oil prices declined amid hopes of renewed US-Iran talks on de-escalation of the Iran war, following inconclusive ceasefire discussions and reports that a second round of talks may be considered before a temporary ceasefire expires. The market move reflected investor expectations that continued diplomatic engagement could ease disruption risks linked to maritime traffic in the Strait of Hormuz, where supply concerns had earlier pushed crude higher.
April 14, 2026
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Luxury watch market faces uncertainty as war, tariffs, and weaker demand pressure exports and sales.
The luxury watch industry faces renewed uncertainty as war in the Persian Gulf, higher energy costs, logistics disruptions, and weaker consumer confidence affect demand and trade conditions. Geneva's Watches and Wonders fair opens amid market contraction, with pressure on exports and sales in Gulf markets, including reduced tourist traffic in key retail hubs. Swiss-made watches continue to dominate the global luxury watch market, while non-Swiss competitors are emerging as challengers.
April 14, 2026
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West Asia military escalation threatens poverty, food security, and livelihoods in India through energy, trade, and remittance shocks.
West Asia military escalation is projected to intensify poverty, food insecurity, and human development losses across Asia and the Pacific by raising fuel, freight, and input costs and weakening livelihoods. The report estimates a rise in poverty incidence in India, alongside a modest loss of Human Development Index progress, and identifies significant exposure through West Asian energy, fertiliser, trade, remittance, and labour-market linkages. It also warns that MSMEs, informal workers, and sectors dependent on imported inputs may face higher costs, supply disruptions, and employment shocks.
April 14, 2026
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Startup funding framework expands with Fund of Funds 2.0, targeting deep tech, early-stage, and innovative manufacturing startups.
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April 14, 2026
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Export growth slowdown reflects uncertainty from the Iran war and weaker global demand for Chinese goods.
China's export growth slowed sharply in March, with exports rising 2.5 per cent year-on-year after much faster growth in the previous two months. The weaker performance was reported alongside concerns that the Iran war may increase uncertainty for energy prices and global demand, potentially affecting Chinese exports. Imports rose strongly in March, and technology-related shipments, including semiconductors, remained a significant support to export performance in early 2026.
April 13, 2026
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Rupee weakness amid West Asia tensions, higher crude prices, and dollar strength pressures near-term currency recovery.
The rupee weakened against the US dollar amid heightened global risk aversion following failed US-Iran peace talks, rising crude oil prices, concerns over the Strait of Hormuz, and a stronger greenback. Market participants linked the depreciation to foreign capital outflows from domestic equities and a weak near-term currency bias within a defined trading range. The report also records a sharp rise in foreign exchange reserves and notes that prolonged West Asia conflict could affect India through higher energy prices, trade disruptions, and weaker remittances.
April 13, 2026
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April 13, 2026
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Artificial intelligence in finance can improve customer service, credit delivery, fraud detection, risk management, and compliance, but its use must remain anchored in human accountability, fairness, explainability, strong data governance, institutional capacity, and inclusion. The text warns that bias, opacity, privacy misuse, model risk, and cyber risk can arise if safeguards are weak. It emphasises that financial institutions must not outsource responsibility to algorithms or vendors, and that AI should make finance more intelligent without making it less human or less accountable.
April 13, 2026
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April 13, 2026
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Exports from the Indore Special Economic Zone rose by nearly 10.50 per cent to Rs 14,302 crore in financial year 2025-26, despite concerns over US tariff policies and the West Asia conflict. Pharmaceuticals formed about 70 per cent of the export basket, with the US among the main markets. The zone contains units across pharmaceuticals, packaging materials, engineering, textiles and food processing in the Pithampur industrial area near Indore.
April 13, 2026
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Rupee depreciation under global risk aversion as crude oil prices, dollar strength and capital outflows pressure the currency.
The rupee weakened sharply against the US dollar amid global risk aversion, higher crude oil prices, a stronger dollar and concerns over the blockade of Iranian ports and the Strait of Hormuz. Analysts linked the depreciation to foreign capital withdrawal from domestic equities and continued pressure from elevated oil prices and foreign institutional selling. India's forex reserves also rose in the latest reporting week, while the Asian Development Bank warned that prolonged conflict in West Asia could affect growth through higher energy costs, disrupted trade flows and weaker remittances.
April 13, 2026
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April 13, 2026
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April 13, 2026
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Crop diversification and nutritional security guide advisory on state bonus policies for pulses, oilseeds and millets.
The Department of Expenditure issued a D.O. letter advising States, and not directing them, to align bonus policy so as to promote pulses, oilseeds and millets in line with nutritional security, Aatmanirbharta and sustainable agriculture. The communication links state bonuses over and above Minimum Support Price for wheat and paddy with crop concentration, reduced acreage under pulses, oilseeds and millets, and higher import dependence, and states that the policy objective is crop diversification, reduced monoculture, and strengthened long-term food and crop security.

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Customs & Trade

How US blockade on Iran sanctioned ships turning around

April 16, 2026

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Frankfurt, Apr 16 (AP) The US Navy is imposing a sea blockade against Iran — the latest escalation in the war that has seen the flow of key energy supplies choked off at the Strait of Hormuz.

The blockade that started Monday “has been fully implemented”, according to a statement Wednesday from Adm Brad Cooper, commander of the US Central Command.

“US forces have completely halted economic trade going in and out of Iran by sea,” he said. The blockade could put serious pressure on the Iranian economy.

Shipping data firms say Iran-linked or sanctioned vessels have left the Gulf through the Strait — but then stopped or turned around. An uncertain and risky shipping situation is being complicated by jamming or faking of location systems.

The blockade is being enforced “impartially against all vessels of all nations entering or leaving coastal areas or ports in Iran”. Freedom of navigation remains for vessels not entering Iranian ports, Central Command said.

The US military will operate the blockade in the Gulf of Oman beyond the strait, a US official told The Associated Press.

The US official, who spoke on condition of anonymity to discuss sensitive military operations, explained that the strategy is to observe vessels subject to the blockade leave Iranian facilities and clear the Strait of Hormuz before intercepting them and forcing them to turn around.

The official said that the military relies on more than just automated tracking beacons that all merchant ships are required to carry, called AIS, to determine merchant ships were coming from a port in Iran, but wouldn't go into more detail citing the need for operational security.

US Central Command said in a statement Wednesday that no vessels have made it past US naval forces during the first 48 hours of the blockade on ships entering and exiting Iranian ports.

Central Command said that nine vessels have complied with directions from US forces to turn around and return toward an Iranian port or Iran's coastal area. Navy warships are telling merchant ships that they are ready to board them and use force to compel compliance.

On Tuesday, the first full day of the blockade, only eight vessels, most of them linked to Iran or sanctioned, transited the strait, said Ana Subasic, trade risk analyst at data and analytical firm Kpler. The operating environment is still considered “extremely high risk” despite the current ceasefire, she said.

"Most of the vessels have appeared to halt or have reduced movement after clearing the strait," she said, "which tells us that the effect of the blockade is starting to show up because most of these vessels that have crossed have some kind of history with carrying Iranian-origin sanctioned cargo." One sanctioned vessel, the Rich Starry tanker carrying methanol, left the Persian Gulf through the strait but then halted, did a U-turn and went back through the strait, she said.

Maritime intelligence firm Windward said that vessel behaviour was “indicating a fragmented and uneven response to the blockade” as sanctioned and false-flagged vessels continued to be active, some transiting the strait, others delaying or reversing course.

Iran had blocked the Strait through the threat of attack on shipping, cutting off 20% of the world's daily oil consumption, sending oil prices sharply higher and leading to warnings about higher inflation and recessions in leading economies.

Vessels were hit with aerial and undersea drones as well as unknown projectiles, killing 11 crew members. While those attacks have dwindled, the risk of navigating the area means that ship traffic has dropped by more than 90%.

Some of that blocked oil is making it out from Gulf producing nations through pipelines to the Red Sea and the Gulf of Oman. But those pipelines can't make up for the effective closure of the Strait.

Iran has also started vetting and collecting money from the few vessels daring to pass the strait. Vessels must submit detailed information on cargo and crew to the paramilitary Islamic Revolutionary Guards Corps and pay a USD 1 fee per barrel of oil or fuel products before being allowed to pass, according to Kpler.

US and Israeli vessels are barred while some vessels from Iran, India and China have made it through. India has intervened diplomatically to get its vessels out.

The White House has demanded that Iran reopen the strait.

Blockading the coast puts serious pressure on the Iranian economy, especially its oil industry. Unless it can export oil, available storage will fill up and it will have to shut down wells that are difficult to restart. Additionally, Iran imports gasoline since it lacks the refinery capacity to turn its own oil into fuel.

The terms of the US naval blockade of the Iranian coast have contributed to difficulty for outsiders of ascertaining the state of ship traffic. According to the notice to mariners sent out to ship, the blockade is being enforced in the Gulf of Oman and the Arabian Sea, not at the Strait of Hormuz. So simply passing the strait doesn't mean a vessel beat the blockade.

Additionally, there was a grace period extending until 1400 GMT on Monday for ships to leave Iranian ports. And “humanitarian shipments including food and medical supplies essential for the survival of the civilian populations” will be permitted to pass subject to inspections.

That last provision is in accordance with international law on naval warfare, which permits blockades but bars those that are solely intended to starve civilians, according to a legal guide from the US Naval War College cited by maritime historian Sal Mercogliano, who runs a YouTube channel on shipping.

"Neutral” ships can pass, though they may be inspected, but it's not clear what “neutral” means. Lloyd's List Intelligence maritime data firm said the US move “has plunged shipowners into fresh uncertainty around enforcement”.

So all that means that ships from Iranian ports can be detected passing the Strait — and still face the risk of being stopped farther out. Or not, if they left before the end of the grace period.

Meanwhile container ships seen heading for Iranian ports could be allowed in or out if they're carrying food, or not, if they're carrying other goods.

Meanwhile ships can broadcast false information on their AIS systems used to avoid collisions, or turn the systems off.

The commander of Iran's joint military command warned Wednesday that Iran would completely block exports and imports across the Persian Gulf region, the Sea of Oman and the Red Sea if the US does not lift its blockade on Iranian ports.

“Iran will act with strength to defend its national sovereignty and its interests,” said Ali Abdollahi. He added that the US blockade is “a prelude to violating the ceasefire”. (AP) SCY SCY

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