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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
India summons Iran’s Ambassador over shooting incident on...
2026-04-19 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Mohammad Fathali, Ambassador of Iran to India

Mohammad Fathali, Ambassador of Iran to India | Photo Credit: Ravi Choudhary

The Ministry of External Affairs (MEA) summoned Iran’s Ambassador to India Mohammad Fathali on Saturday for a meeting with Foreign Secretary Vikram Misri over the shooting incident involving Indian vessels transiting the Strait of Hormuz (SoH).

During the meeting, the Foreign Secretary conveyed India’s deep concern at the shooting incident yesterday involving two Indian-flagged ships in SoH. He noted the importance that India attached to the safety of merchant shipping and mariners.

“Reiterating his concern at this serious incident of firing on merchant ships, Foreign Secretary urged the Ambassador to convey India’s views to the authorities in Iran and resume at the earliest the process of facilitating India-bound ships across the Strait,” the MEA said.

In the past 24 hours, two Indian vessels—a very large crude carrier (VLCC) Sanmar Herad and bulk carrier Jag Arnav—reported a firing incident while transiting the SoH, following which they returned to the Persian Gulf. No injury to any crew has been reported, the Shipping Ministry said.

Meanwhile, the Indian-flagged crude oil tanker Desh Garima safely crossed the Strait of Hormuz on April 18, 2026. The vessel, with 31 Indian seafarers onboard, is expected to arrive at Mumbai on April 22.

Domestic LPG cylinder deliveries remain normal against bookings with more than 53.5 lakh domestic LPG cylinders delivered on Saturday. Since March 23, 2026, more than 18.33 lakh 5 Kg FTL cylinders have been sold.

Similarly, a total of 1,67,775 tonnes of commercial LPG, which is equivalent to more than 88.3 lakh of 19 Kg LPG cylinders, have been sold since March 14, 2026. This includes more than 9,600 tonnes of Auto LPG.

Published on April 19, 2026