India’s natural gas consumption is projected to climb nearly 60% by 2030, reaching 103 billion cubic meters (bcm) annually, according to the latest India Gas Market Report from the International Energy Agency (IEA). This would place the country’s gas consumption on par with current levels in Saudi Arabia. After more than a decade of sluggish…
India’s domestic air traffic increased by 6.12% in 2024, with airlines carrying 16.13 crore passengers compared to 15.20 crore in 2023, according to data released by the Directorate General of Civil Aviation (DGCA). In December alone, over 1.49 crore passengers flew on domestic routes, reflecting an 8.19% rise from the 1.38 crore recorded during the…
Union Minister for Environment, Forest, and Climate Change Bhupender Yadav emphasized that adopting a circular economy is not just an option but a necessity for India’s future. Speaking at the Special Ministerial Session of the 3rd International Conference on Sustainable Circularity, organized by the Society of Indian Automobile Manufacturers (SIAM) in New Delhi on Monday,…
The Reserve Bank of India (RBI) added 8 tonnes of gold to its reserves in November 2024, contributing to the global central bank addition of 53 tonnes during the month, according to the World Gold Council (WGC). The report, titled Central Bank Gold Statistics November 2024, highlighted that central banks, particularly from emerging markets, continued…
GMR Group has successfully secured a ₹6,300 crore investment from Abu Dhabi’s sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA). The funds, received on January 7, will primarily be utilized to reduce the debt of GMR Enterprises Pvt Ltd (GEPL), the promoter group entity of GMR Group. According to a regulatory filing, the investment…
India Ratings and Research (Ind-Ra) forecasts a strong demand for oil and gas in the financial year 2026, despite subdued global demand impacting refining margins. The agency highlighted that robust domestic demand for petroleum products and favorable marketing margins are expected to stabilize the credit profile of downstream companies, even with compressed Gross Refining Margins…
India requires an estimated ₹16,000 crore in capital expenditure to address the growing need for public electric vehicle (EV) charging infrastructure and meet its goal of over 30% EV adoption by 2030, according to a report by FICCI. The report, “Electric Vehicle Public Charging Infrastructure: 2030 Roadmap,” highlights significant challenges in the financial viability of…
India’s foreign exchange reserves fell by $3.23 billion to $654.85 billion for the week ending December 6, as reported by the Reserve Bank of India (RBI). This decline follows a previous increase of $1.51 billion during the prior week, which had ended a multi-week decrease in reserves. Foreign currency assets, a key component of the…
India has placed a fresh order for 100 Airbus aircraft, reinforcing its commitment to fleet expansion amid growing passenger demand. The order includes 10 wide-body A350s and 90 narrow-body A320 family jets, such as the A321neo, the airline announced on Monday. This latest acquisition brings Air India’s total order with Airbus to 350 aircraft, up…
India’s foreign exchange reserves increased by $1.51 billion to $658.091 billion for the week ending November 29, as per the data shared by the Reserve Bank of India (RBI). In the previous week, the reserves had declined by $1.31 billion, bringing the total to $656.582 billion. Earlier in November, the reserves saw a sharp drop…
