Centre Has Coal Reserves for 80 Days of Power Generation: Union Minister Kishan Reddy
Union Minister G. Kishan Reddy announced that India now maintains coal reserves sufficient for 80 days of power generation, a significant increase from past shortages. The government reported a record annual coal production of 1,040 million tonnes, bolstering energy security ahead of monsoon‑related disruptions. Reddy also highlighted the launch of critical‑mineral exploration in Argentine blocks and the start of auctions for completed sites, while urging private firms to import processed or semi‑processed critical minerals. These steps aim to diversify supply chains and reduce dependence on imports.
Tajpur Deep Sea Port Declared Unviable, Bengal Proposes New Site at Dadanpatrabar
West Bengal Chief Minister Suvendu Adhikari announced that the Tajpur deep‑sea port project is unviable because the state lacks sufficient government land, and proposed shifting the development to Dadanpatrabar, a site with roughly 1,700 acres already under state control. The...
India’s LPG Imports in March-May 2026: West Asia’s Loss Is Washington’s Gain
India’s LPG imports from the United States surged to 1.49 mt in the March‑May 2026 quarter, a 1,556% year‑on‑year increase, as the Strait of Hormuz closure disrupted supplies from traditional West Asian sources. The U.S. displaced Kuwait to become India’s fourth‑largest LPG...
NVIDIA’s AI PC Push May Open Opportunities for India’s Semicon Ecosystem
NVIDIA unveiled the RTX Spark, an AI‑first chip built with MediaTek that reimagines Windows laptops as personal AI agents. Major OEMs—including Lenovo, HP, Dell, Microsoft, Asus and MSI—will launch RTX Spark‑powered models, giving consumers a third alternative to Intel and AMD. Analysts...
Mukesh Ambani’s JioStar Bets Big on AI Content with New Series Lineup
Mukesh Ambani’s JioStar, a Reliance‑Disney joint venture, is rolling out a slate of series created entirely by artificial intelligence. The move follows a successful AI‑generated retelling of the Mahabharat epic that attracted 6.5 million views on its first day, prompting the...
Trump Amends Tariffs on Copper, Aluminum and Iron Imports to Boost Manufacturing
President Donald Trump signed a proclamation that revises U.S. tariffs on copper, aluminum and iron‑based imports. The measure lowers the tariff on certain agricultural equipment from 25% to 15% and imposes a 15% duty on mobile industrial gear such as...
No Need for Repo Rate Hike, RBI Can Use Short-Term Rate Tools to Manage Rupee: SBI
India’s central bank faces rupee pressure from global uncertainty and high oil prices, but SBI Research argues a repo‑rate hike is unnecessary. The report recommends using short‑term tools such as the Marginal Standing Facility, a wider policy corridor, and an...
India Bonds Dip as Middle East War Woes Add to Policy Week Caution
Indian government bond yields slipped on Monday as traders weighed the RBI's upcoming policy decision and a surge in oil prices sparked by escalating fighting in the Middle East. The benchmark 6.48% 2035 bond rose 2 basis points to 7.0249%,...
Wockhardt Marks Research Milestone with USFDA Approval for Novel Antibiotic Zaynich
Wockhardt has secured US FDA approval for Zaynich, an intravenous antibiotic combining cefepime and zidebactam, to treat complicated urinary tract infections in adults. The drug earned Qualified Infectious Disease Product and Fast Track designations and follows recent clearance by India’s...
Domestic Jet Fuel Prices Unchanged for June; International Rates Reduced
India’s state‑owned oil marketers left domestic aviation turbine fuel (ATF) prices unchanged for June 2026, while cutting international jet fuel rates by $400 per kilolitre. The reduction follows a broader government effort to shield airlines from soaring crude‑oil costs, including...
SBI Research Calls for Stronger RBI Intervention as Rupee Slide Outpaces Fundamentals
State‑run SBI Research warned that the rupee's recent slide has outpaced India's strong macro fundamentals, calling for more aggressive RBI intervention. The currency weakened from about ₹90 to ₹95 per dollar in just 152 days, briefly touching ₹96.83, while foreign‑exchange...
Upstream Cost Pressures Build, Pass-Through to Consumers May Not Be Far Behind, Says Finmin Report
India’s Finance Ministry warned that upstream cost pressures are mounting, with wholesale inflation at 8.3% far outpacing the 3.5% retail CPI in April. Recent fuel price hikes of ₹7.38 (≈$0.09) for petrol and ₹7.52 (≈$0.09) for diesel could accelerate the...
Waaree Energies Said to Hire Banks for $700 Million Share Sale
Waaree Energies Ltd., one of India’s largest solar panel manufacturers, is preparing a $700 million share sale to institutional investors, slated to begin marketing in June with execution as early as July. The company has hired Motilal Oswal, JPMorgan Chase, Nuvama Wealth Management...
Vizhinjam Port Handles 2 Million TEUs in 18 Months, Fastest for Any Indian Port
Vizhinjam International Seaport logged 2 million TEUs within just 18 months, making it the fastest Indian port to hit that volume. The milestone follows a rapid rise from trial operations in July 2024 to 1 million TEUs by August 2025. Over 950 vessels, including 67...
Ethical Hacker, CBSE Lock Horns over Board Exam Portal Vulnerability
Ethical hacker Nisarga Adhikary claimed he accessed non‑test user data on CBSE's On‑Screen Marking (OSM) portal, providing screen recordings as evidence. CBSE responded that the breached URL was a testing site with only sample data and that the production evaluation...
Share of Petroleum Products in Total Exports Slipped to 8.8% in FY26, the Lowest in over 10 Years
India’s petroleum products accounted for just 8.8% of total exports in FY26, the lowest share in over a decade, down from 10.1% in FY25. Overall refined product exports slipped 5.5% year‑on‑year, driven by declines in diesel (‑2.5%) and aviation turbine...
Amazon Inks AP Micro, Small and Medium Enterprises Development Corporation to Support MSMEs
Amazon has signed an MoU with the Andhra Pradesh Micro, Small and Medium Enterprises Development Corporation to help state‑based MSMEs launch e‑commerce exports via Amazon Global Selling. The partnership will deliver knowledge‑sharing sessions, compliance training and logistics support, targeting more...
Emirates NBD to Launch Open Offer for 26% Stake in RBL Bank From June 1
Dubai‑based Emirates NBD will launch an open offer on June 1 to buy up to a 26% stake in India’s RBL Bank at ₹282.38 ($3.40) per share, a roughly 15% discount to the market price. The tender period runs until June 12,...
RBI Approves ICICI Bank CEO Sandeep Bakhshi Reappointment for Two More Years
India's central bank, the Reserve Bank of India, has cleared the re‑appointment of ICICI Bank chief executive Sandeep Bakhshi for a further two‑year term ending October 3, 2028. Bakhshi, who has led the lender since 2018, was previously approved by the board...
Sun Pharma Q4 Net Profit up 26 per Cent
Sun Pharmaceutical Industries posted a 26.2% jump in Q4 net profit to roughly ₹2,714 crore ($327 million) and a 13.6% rise in sales to ₹14,559 crore ($1.75 billion). R&D spending reached 6.7% of sales, amounting to about ₹975 crore ($117 million) for the quarter. The company’s...
Bosch Limited Stays Cautiously Optimistic on India Despite Global Uncertainty, Flags China Competition
Bosch Limited posted a Q4 FY26 net profit of ₹568.6 crore (≈$68 M) and revenue of ₹5,566 crore (≈$670 M), a 2.7% profit rise and 13.3% revenue growth YoY. The German‑owned firm remains cautiously optimistic about India despite global headwinds, currency volatility and the...
RRP Defense Bags ₹29.8 Crore BEL Order for High-Precision Germanium Lenses
RRP Defense has secured a ₹29.8 crore (≈ $3.6 million) contract from Bharat Electronics Ltd to supply 8,000 high‑precision germanium lenses for rifle‑mounted infrared and thermal imaging systems. The lenses will be custom‑engineered, with ten prototypes delivered within six weeks before full‑scale production....
Maruti Suzuki Commences Second Factory at Kharkhoda with 2.5-lakh Units
Maruti Suzuki began commercial production at the second phase of its Kharkhoda plant, adding 250,000 vehicles per year and bringing the site’s total capacity to 500,000 units. The expansion lifts the company’s overall annual production capacity to 2.65 million vehicles across...
JSW Steel, Along with JVs, Target 80 Mt Capacity by 2030: Joint MD & CEO Jayant Acharya
JSW Steel and its joint ventures with Japan’s JFE and South Korea’s POSCO announced a plan to lift total steelmaking capacity to 80 million tonnes per year by 2030. The board approved a baseline capex of ₹126,000 crore (≈$15 bn) and earmarked more...
India Taps Oman to Rescue $11.8 Billion Food Exports to West Asia
India is turning to Oman’s ports and land corridors to sustain its $11.8 billion annual food export pipeline to West Asia after the Strait of Hormuz became impassable. The Agricultural and Processed Food Products Export Development Authority has been negotiating with...
Flipkart Widens Lead over Amazon, Meesho in Ecommerce User Growth: CLSA
Flipkart added 26.8 million weekly active users (WAUs) year‑to‑date, widening its lead over Amazon and Meesho, which together added only 10.6 million WAUs. In the week ending May 4, Flipkart grew by 8.5 million WAUs, compared with Amazon’s 6.6 million and a 5.9 million loss at...
Jungle Ventures Bets Big on Repeat Founders, Larger Seed Cheques Amid Funding Slowdown
Jungle Ventures, a Singapore‑based VC active in India and Southeast Asia, is shifting its early‑stage strategy to focus on repeat founders and deep‑domain operators, writing larger $2‑4 million seed cheques. The firm plans to back fewer companies with higher conviction, even...
IDBI Bank to Raise up to ₹10,000 Crore via Long-Term Rupee Bonds in FY27
IDBI Bank’s board approved a private‑placement of up to ₹10,000 crore (≈ $1.2 bn) in long‑term rupee bonds to be issued by March 2027. The move follows a 16% YoY rise in net advances to ₹2.54 trn (≈ $30.5 bn) and a 12% YoY increase in deposits...
Karnataka Gets 1,122 Additional Medical Seats with Rs 1,090 Crore Central Grant
Karnataka will add 1,122 medical seats after the Union Ministry of Health approved a Rs 1,090 crore (~$131 million) central grant. The funding splits into Rs 495 crore (~$60 million) for undergraduate seats and Rs 541 crore (~$65 million) for postgraduate seats. The new seats will be distributed across...
UAE to Store up to 30 Million Barrels in India’s Strategic Petroleum Reserve After PM Modi’s Visit: FS Vikram Misri
During Prime Minister Narendra Modi’s visit, the United Arab Emirates agreed to store up to 30 million barrels of crude oil in India’s Strategic Petroleum Reserve and pledged fresh investments worth $5 billion. The partnership also spans defence manufacturing, a ship‑repair cluster,...
Oben Electric Bets on Rorr EZ for 30% Sales Contribution as Karnataka Leads Demand
Oben Electric, a Bengaluru‑based EV motorcycle maker, reported that Karnataka accounted for over 20% of its FY 26 sales, making the state its top market. The company launched the New Rorr EVO, priced at ₹99,999 (≈ $1,200) for the first 10,000 buyers,...
Mamata Banerjee Dons Lawyer Robes, Argues Post-Poll Violence Case in Court
Former West Bengal chief minister Mamata Banerjee donned lawyer robes to argue a post‑poll violence case before the Calcutta High Court. She sought urgent protection for Trinamool Congress workers after the BJP’s historic landslide that reduced TMC to 80 seats...
Scaler Bets on AI-Led Upskilling to Drive 25% Online Growth Amid Edtech Slowdown
Scaler, the Bengaluru‑based upskilling platform, is targeting 20‑25% annual growth in its online business by leveraging AI‑led programmes as India’s edtech sector shifts toward profitability. The online segment now contributes about 60‑65% of Scaler’s revenue, while offline programmes account for...
India Has Adequate Stocks of Fuel Supply, but OMC Losses Could Hit ₹1 Lakh Cr: Minister of Petroleum and Natural...
India’s fuel stocks remain robust, with roughly 60 days of crude and LNG and 45 days of LPG reserves, even as the Strait of Hormuz disruption persists. However, oil‑marketing companies (OMCs) are hemorrhaging about ₹1,000 crore ($120 million) a day, and could...
India Has a Strong Economic Runway for at Least Next 15-20 Years: Citi India Chief
Citi’s India franchise, now focused solely on institutional banking, has outgrown its previous combined retail‑institutional operation. The bank sees India as a long‑term growth engine, contributing over $2 billion to Citi’s roughly $80 billion global revenue—about 4‑5% of its institutional earnings. A...
India Gets Its UPI for EV Charging as Kumaraswamy Unveils Unified Bharat E-Charge
Union Minister H.D. Kumaraswamy launched Unified Bharat e‑Charge (UBC), dubbed the “UPI for EV charging,” a government‑backed, NPCI‑supported platform that lets Indian EV owners locate, book and pay for charging across public networks through a single app. The system, built...
Tractor Sales Begin FY27 with 27% Jump in April on Strong Rural Sentiment
Domestic tractor sales kicked off FY27 with a 27% year‑on‑year jump, reaching 105,021 units in April 2026, marking the second straight month sales topped the 100,000‑unit threshold. The surge was fueled by stronger farm sentiment, improved rural liquidity and a...
Ensure Speedy Completion of Paddy, Maize Procurement, Revanth Tells Officials
Telangana Chief Minister A. Revanth Reddy ordered district collectors to accelerate paddy and maize procurement, citing mounting criticism. He instructed officers to be posted at Indira Kranthi Patham (IKP) centres and rice mills to resolve bottlenecks, and demanded sufficient gunny...
Plan for PMIS: Final Year Diploma Students to Be Eligible Cos Can Go to Campus to Pick up Interns
The Indian government will expand the Prime Minister Internship Scheme (PMIS) to include final‑year diploma students and allow firms to recruit interns directly on campus, issuing joining letters the same day. The move follows two pilot phases that attracted over...
MobiKwik Posts Second Straight Profitable Quarter in Q4
MobiKwik reported a profit after tax of ₹4.4 crore (≈$0.5 M) in Q4 FY26, reversing a ₹56 crore loss a year earlier. Revenue grew 8% YoY to ₹288.7 crore (≈$35 M) and contribution profit more than doubled. Payments gross merchandise value jumped 58% to ₹52,400 crore...
VerSe Innovation Expects AI to Become a Dominant Part of Business over Next 3 Years
VerSe Innovation says AI will power more than 30% of its monetisation within the next year and become a dominant revenue source over three years. The company has rolled out AI‑driven products such as NextVerse.ai, a global programmatic ad‑tech exchange,...
Swiggy Drops as Quick-Commerce Slowdown Clouds Quarterly Results
Swiggy reported a fourth‑quarter loss of ₹800 crore (≈ $84 million), an improvement from the ₹1,065 crore loss a quarter earlier. The decline in its quick‑commerce arm Instamart, which posted 68.8% gross order‑value growth, lagged rival Blinkit’s 95.4% rise, prompting concerns over market‑share erosion....
RBI Should Dial Back Rupee Intervention: Former Governor Subbarao
Former RBI governor Duvvuri Subbarao warned that the central bank’s aggressive rupee‑intervention policy should be scaled back. He argues the RBI should let the rupee weaken to reflect rising import costs and capital outflows, reserving rate hikes as a last resort....
IndiGo, Hotel & Hospitality Stocks Fall After Modi’s Appeal to Curb Overseas Travel
Prime Minister Narendra Modi urged Indians to curb discretionary overseas travel, gold purchases and fuel consumption amid worries about foreign‑exchange outflows from the West Asia conflict. The call sent travel‑related equities lower on Monday, with InterGlobe Aviation, the parent of...
Britannia Moves Manufacturing to India Amid West Asia Crisis
Britannia Industries has relocated its North American export manufacturing from Oman to its Mundra, Gujarat facility to sidestep disruptions caused by the West Asia crisis, including the Strait of Hormuz closure. The company plans selective price hikes and gram‑weight reductions...
Urban Mobility Is Key to Governance and Ease of Living, Says CAG Murthy
CAG K. Sanjay Murthy told the 5th BRICS Supreme Audit Institutions Leaders’ Summit that urban mobility is the most visible link between governance and citizens’ quality of life, and that public spending must be judged by its impact on ease of...
SEBI Plans Major Changes to Buyback Rules, Seeks Public Comments
India’s securities regulator SEBI has unveiled a consultation paper proposing sweeping reforms to the country’s share‑buyback framework. The draft shortens the open‑market buyback window to 66 working days, eliminates the separate trading‑window requirement, and mandates electronic notice to shareholders within...
James Webb Telescope Captures Clearest View yet of Distant Rocky Exoplanet
NASA’s James Webb Space Telescope captured the clearest view yet of the rocky exoplanet LHS 3844 b, a world about 30% larger than Earth located 49 light‑years away. The data reveal a barren, air‑less surface dominated by dark basaltic regolith, making the...
Tehran Could Withstand Blockade for Four Months, CIA Report Says, as Fighting Flares
A CIA assessment released on May 9 says Tehran could withstand a U.S. naval blockade of its ports for roughly four months, limiting Washington’s economic leverage. The analysis comes as fighting intensifies in the Strait of Hormuz, where U.S. forces have...
The List of What AI Can’t Do Is Shrinking, Says Irina Ghose, Managing Director at Anthropic
Irina Ghose, Managing Director of Anthropic India, told the Nasscom GCC Summit that the list of tasks AI cannot perform is shrinking, yet human trust and domain expertise remain critical. She highlighted India’s position as the world’s second‑largest cloud and...