🗞️ Daily Business Brief – MAR 11 2025
- West Asia Conflict Impact Oil supply concerns rise as geopolitical tensions escalate, keeping global crude markets volatile.
- India Crude Supply Ministry of Petroleum says India’s crude supply remains secure with daily consumption around 55 lakh barrels.
- LNG Supply Update Two LNG cargoes are currently en route to India and two more are expected, which will improve the country’s gas supply situation.
- Domestic LPG Production LPG production has increased by 25%, with priority supply being diverted to households, hospitals, and educational institutions.
- IEA Oil Stock Release International Energy Agency proposes releasing 300–400 million barrels of oil to address supply disruption due to the Iran war.
- Japan Oil Reserves Japan plans to release part of its strategic oil reserves ahead of the coordinated IEA decision.
- Centre on LPG Availability Central government asks state CMs and UT administrations to urgently review LPG availability and ensure adequate supply.
- Thai Ship Attack Indian government condemns military attacks on commercial shipping after a Thai ship bound for Kandla, India was targeted in the West Asia conflict.
- Oil Futures Rally Brent and WTI crude futures rise nearly 4% despite larger-than-expected US crude inventory build.
- LPG Refill Rule Confusion Changes in LPG refill rules amid oil shortage fears trigger confusion and long queues in several cities.
- IDFC First Bank Fraud Probe ED Chandigarh conducts searches in a fraud case involving diversion of funds under the guise of gold purchases and real estate investments using shell firms.
- HDFC Ergo Leadership Board approves appointment of Parthanil Ghosh as MD & CEO of HDFC Ergo effective April 16, 2026.
- Blackstone Insurance Entry Blackstone explores entry into India’s general insurance sector.
- Ather Electric Scooters Company offers up to ₹20,000 discount on Rizta and 450 series e-scooters before PM E-Drive subsidy ends.
- Mahanagar Gas Gas supply to industrial and commercial customers impacted due to gas curtailment; company aligning supply as per regulatory directions.
- Uniparts India Company announces resignation of CFO Rohit Maheshwari.
- Adani Enterprises Subsidiary completes acquisition of 14.2% stake in Air Works India and also finalizes acquisition of defence unit from Punj Lloyd.
- Kothari Petrochemicals Declares force majeure due to Middle East gas supply restrictions; impact on operations yet to be determined.
- KEC International Secures new orders worth ₹1,476 crore for transmission and distribution projects.
- Craftsman Automation Board approves phased restructuring of aluminium business; subsidiaries Dr Axion India and Sunbeam Lightweighting to merge.
- Winsol Engineers Receives ₹60.81 crore turnkey transmission line project order in Gujarat.
- SBI – MUFG Partnership State Bank of India signs strategic partnership agreement with Japan’s MUFG Bank.
- Hindustan Organic Chemicals Shuts cumene plant in Kochi after BPCL stops LPG supply.
- Wipro Deal Signs multi-year technology transformation agreement with TruStage.
- Ashok Leyland Lays foundation stone for new battery pack manufacturing facility in Tamil Nadu.
- Energy Self-Reliance PM Narendra Modi stresses that India must become self-reliant in energy and other strategic sectors.
- Shipping Companies in Focus Government examining support measures for Indian shipping companies and exporters as insurance costs surge amid West Asia conflict.
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