Get latest articles and stories on Business at LatestLY. As per the sources, Gas Authority of India Limited (GAIL) will declare force majeure to ensure gas supply to priority sectors, as India navigates energy challenges stemming from the escalating West Asia conflict. Business News | No Plans for Rationing of Petrol and Diesel, Say Govt Sources Amid West Asia Conflict.

Get latest articles and stories on Business at LatestLY. Every USD 10 per barrel increase in global crude oil prices could reduce India's GDP growth by about 0.5 per cent and add pressure on economic activity, inflation and currency stability, given the country's heavy reliance on imported crude, Vandana Bharti, Research Head - Commodity, SMC Global Securities, told ANI. Business News | Every $10 Per Barrel Rise in Crude Oil Prices Can Shave About 0.5% off India's GDP Growth: SMC's Bharti.

Get latest articles and stories on Business at LatestLY. Australia and Canada offered to sell gas to India as the country looks for other alternative sources amid the West Asia conflict, government sources said on Thursday. The government is scouting for alternative markets to buy gas, as India currently imports 195 MMSCMD of gas, of which Qatar supplies 60 MMSCMD. Business News | India Looking at Alternative Markets to Buy Gas; Australia, Canada Offered to Sell Amid W Asia Conflict: Govt Sources.

Get latest articles and stories on Business at LatestLY. The IT services sector is facing challenges due to Artificial Intelligence (AI), with investors expressing concerns about job losses and the transition period. However, other sectors like real estate, autos, and domestic pharma companies showed more positive outlooks, with some showing steady growth, according to Pratik Gupta, CEO and Co- Head of Kotak Institutional Equities. Gupta expressed his views on the Indian economy and market outlook at a press conference on Kotak Securities Outlook held today in Mumbai. Business News | IT, Oil and Gas Sectors Show Caution Amid AI Disruptions, West Asia Conflict: Kotak Institutional Equities CEO.