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India May Import 10% of Cooking Gas From US From 2026

Mint New Delhi

|

July 09, 2025

India plans to source about 10% of its cooking gas imports from the US beginning in 2026 as part of a broader effort to boost energy purchases to narrow its trade gap with Washington, four industry refining sources familiar with the matter said.

- Reuters

The world's third biggest oil importer and consumer relies heavily on West Asian producers of liquefied petroleum gas (LPG), with more than 90% of its roughly 20.5 million tonnes of imports in 2024 coming from the region.

LPG is mainly imported by state retailers Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp. and sold at a subsidized price to households.

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Mint New Delhi

Mint New Delhi

Softbank’s 40% fall from peak shows worry on OpenAI bet

Growing unease over frothy artificial intelligence (AI) valuations is weighing on shares of SoftBank Group Corp.

time to read

2 mins

November 27, 2025

Mint New Delhi

PepsiCo taps gourmet taste buds with Red Rock Deli’s India debut

Snack and cola maker PepsiCo is finally giving gourmet a chance with the launch of Red Rock Deli chips, priced ₹60 and ₹125 a pack, in a shift from its years-long focus on mass-market Lay's that starts as low as ₹5.

time to read

2 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Fintechs turn fund magnets with cross-border licensing

Funders see growth prospects in central bank's payment aggregator-cross border licensing

time to read

3 mins

November 27, 2025

Mint New Delhi

'First-gen founders take bigger investment risks'

India’s markets are minting a new class of first-generation millionaires: entrepreneurs who’ve scaled ideas into Initial public offerings (IPOs) and unlocked unprecedented personal wealth.

time to read

2 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Fundamentum readies four portfolio startups for IPOs

Nandan Nilekani-led venture capital firm Fundamentum is lining up at least four companies in its portfolio for a public listing over the next 12-24 months, co-founder and partner Ashish Kumar said.

time to read

2 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

Ukrainians resist pressure from Russia—and Trump

Battered by nearly 4 years of war, Ukrainians don’t want to make big concessions to Moscow

time to read

4 mins

November 27, 2025

Mint New Delhi

These firms will sell shovels during semaglutide gold rush

Weight-loss drug semaglutide, also used to treat type-2 diabetes, will face its next big turning point in early 2026, when patents held by Novo Nordisk expire in India.

time to read

2 mins

November 27, 2025

Mint New Delhi

IL&FS group repays ₹48,463 cr loan

Debt-ridden IL&FS group has repaid ₹48,463 crore to its creditors as of September 2025, out of the total ₹61,000 crore debt resolution target, as per the latest status report filed before insolvency appellate tribunal NCLAT.

time to read

1 min

November 27, 2025

Mint New Delhi

From playlists to pay-lists— streaming platforms go flexi

Audio streaming platforms reshape their business models to turn free listeners into paying subscribers, tiered pricing and micro-transactions have become key to their survival in a market where users are reluctant to pay for content.

time to read

2 mins

November 27, 2025

Mint New Delhi

Mint New Delhi

AI trade splinters as Google challenges Nvidia’s dominance

Investors are sending two leaders of the AI trade in opposite directions.

time to read

3 mins

November 27, 2025

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