OPEC has lowered its 2026 oil demand growth forecast to 380,000 barrels daily. This marks the fifth consecutive downward revision for the producer group’s outlook. The organisation sees a smaller consumption impact from the Iran war than other agencies. OPEC also increased its oil demand growth forecast for the year 2027. This report was published on the organization’s official website.
New e-commerce rules will take effect from January 1, 2027. These amendments aim to strengthen consumer protection and transparency in online transactions. E-commerce entities must now partner with the National Consumer Helpline for grievance redressal. Clear disclosures for sponsored listings and prior pricing are mandated by the updated regulations. The government seeks to foster a balanced and accountable digital marketplace for all.
With an investment of Rs 778 crore, the facility is PepsiCo India’s first food plant in Assam and fifth food manufacturing plant in India. The investment underscores PepsiCo India’s long-term confidence in Assam’s growth potential and its commitment to strengthening India’s agricultural ecosystem, manufacturing footprint and economic development.
The National Consumer Disputes Redressal Commission found Railways deficient in service. Passengers were robbed at gunpoint inside a reserved sleeper coach in 2004. The commission directed Railways to pay Rs 20,000 compensation to the affected passengers. This amount covers loss, mental agony, and litigation expenses incurred by them. The order was pronounced on August 31, 2026, after a long legal battle.
The government has backed the push through measures including opening the space sector to private companies, tax incentives for data centres, large production-linked schemes for semiconductors, electronics and solar, localisation requirements and purchases of GPUs.
The two projects, spread across a five-acre land parcel, have a combined development potential of over 250,000 sq ft and an estimated project value of around Rs 450 crore.
The government and aviation regulator are closely monitoring SpiceJet’s financial health. SpiceJet’s domestic market share has recently seen a significant decline. Many employees have not received salaries since May, indicating financial strain. The airline plans to induct twenty aircraft to expand its operations. These new planes are expected to join the fleet by mid-November.
