Discounted Russian crude strengthens India’s grip on cost-effective energy supplies

India’s dependence on discounted Russian crude oil remained firm in May, with imports touching a 10-month high of 1.96 million barrels per day (bpd), reflecting the country’s continued focus on securing cost-effective energy amid volatile global markets. According to ship-tracking data from Kpler, Russia once again emerged as India’s top oil supplier, accounting for over…

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SAIL posts strong sequential recovery in Q4 FY25, charts growth momentum for the year ahead

Steel Authority of India Limited (SAIL) has announced its financial results for the fourth quarter and full financial year ending March 31, 2025, reporting a sharp sequential improvement in key financial and operational metrics. The company’s Q4 performance reflects its ability to regain growth momentum in the latter part of the year, setting a steady…

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India’s economic momentum poised to surpass Japan by 2025, says NITI Aayog

India is on track to become the world’s fourth-largest economy by the end of 2025, according to NITI Aayog member and veteran economist Arvind Virmani. His remarks reaffirm the International Monetary Fund’s (IMF) recent World Economic Outlook (WEO) report and coincide with comments made last week by NITI Aayog CEO BVR Subrahmanyam, who indicated India…

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India emerges as a key global partner in shaping WHO’s traditional medicine agenda

India reinforced its position as a leading voice in the global Traditional Medicine (TM) sector at 78th World Health Assembly (WHA) that concluded recently in Geneva, The country underlined its commitment to advancing this important area of healthcare on the international stage. India expressed strong support for the newly adopted WHO Global Traditional Medicine Strategy…

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PM Modi unveils ₹24,000 crore projects in Gujarat, besides flaging off first 9000 HP electric locomotive

Prime Minister Narendra Modi launched development projects worth around ₹24,000 crore during his visit to Dahod, reaffirming the government’s commitment to strengthening India’s infrastructure and industrial capabilities. Addressing a public gathering, he described *Operation Sindoor* as a powerful symbol of India’s values and unity, noting that over 1.4 billion citizens are working together towards building…

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Hybrids fuel India’s EV growth, not competition, says HSBC Report

Hybrid vehicles are playing a supportive role in the growth of electric vehicles (EVs) in India rather than acting as competitors, according to a recent report by HSBC Global Research. The report underlines that India’s automotive future will likely remain powered by multiple technologies for the foreseeable future, including hybrids, battery electric vehicles (BEVs), compressed…

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