Nayara Energy, an Indian refiner recently sanctioned by the EU, is reportedly shifting to domestic firms after Microsoft suspended its services. The company has condemned the sanctions and has filed a case against Microsoft in the Delhi High Court over the service withdrawal.
Less than a week after the US announced a 25% tariff on imports from India “plus a penalty”, Trump on Monday again raised the issue of India buying oil from Russia and profiting from it, adding that he would be “substantially” raising the tariff “paid by India to the USA”.
White House trade advisor Peter Navarro says India’s purchase of Russian crude is funding Moscow’s war in Ukraine. He adds that New Delhi is now cozying up to both Russia and China. Navarro suggests India needs to act like a strategic partner of the US if it wants to be treated as one.
Government has firmly denied any plans to raise petrol and diesel prices, calling such reports mischievous and misleading. Officials emphasized that India is unique in not seeing fuel price hikes over the past four years. Efforts are ongoing to shield citizens from global price volatility, especially amidst Middle East tensions.
India’s Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, took to his social media on Wednesday, highlighting the transformative impact of India’s clean cooking initiatives, emphasizing that the true success of the program lies in the regular usage of Liquefied Petroleum Gas (LPG) rather than just the number of connections provided.
As of December 31, 2025, 43 major projects under the PRAGATI platform have been completed. These projects represent an investment of Rs 3.02 lakh crore. Ten projects are still under construction, with an investment of Rs 1,10,467 crore. The PRAGATI platform, launched in 2015, has been instrumental in tracking and driving infrastructure development across India.
Power Mech Projects has secured a significant order worth Rs 370.84 crore from Mahan Energen, a subsidiary of Adani Power, for civil works at the Mahan Phase-III project in Singrauli, Madhya Pradesh. The project involves crucial infrastructure development for BTG units and related systems. The company is expected to complete the project within 30 months…
U.S. President Donald Trump on Sunday said the U.S. Navy would begin a blockade of ships linked to Iranian ports in the Strait of Hormuz after ceasefire talks with Iran in Pakistan failed. The U.S. Central Command said the blockade would start Monday but still allow vessels not heading to Iranian ports to pass through…
Financial support to developers will be provided at a maximum of 20% of the cost of plant and machinery through a competitive bidding process, where incentives will be disbursed in four equal instalments linked to project milestones. The incentive for a project will be capped at Rs 5,000 crore and for any single product, except…
Fuel prices are rising again across India. A minister blames global supply issues due to the Iran-US conflict. Petrol prices in Delhi have now crossed 100 rupees per litre. This is the fourth increase in less than two weeks. Opposition parties are criticizing the government. They say the hikes pressure household budgets and transport operators.