Saturday, August 08
Goa: India achieved nearly 20% ethanol blending in Ethanol Supply Year (ESY) 2025, resulting in foreign exchange savings of approximately USD 19.3 billion and direct payments exceeding USD 15 billion to farmers over the last decade, said Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, on Tuesday. Speaking at the inaugural ceremony of the 4th India Energy Week (IEW) 2026 in Goa, the Minister detailed India's strategy to balance energy transition with economic security for clean energy targets.The Minister stated that India remains on track to meet its compressed biogas targets as part of a broader push into bioenergy. He noted that while renewables have grown from "one-fifth to nearly one-third" of global electricity generation, conventional energy remains a necessity to m
Betul (Goa): Reliance Industries Ltd, India's biggest buyer of Russian crude oil, has not bought any barrels from Kremlin in January so far while state-run refiners have stepped up imports prompted by discounts hitting some USD 7 per barrel, almost triple the level seen in mid-2025. Reliance, which was touted as the world's biggest buyer of seaborne Russian oil at around 600,000 barrels per day in 2025, did not buy any Russian crude oil in first three weeks of January, industry sources said, and ship-tracking data showed. HPCL-Mittal Energy ltd -- a joint venture of Hindustan Petroleum Corporation Ltd and the London-based Mittal Group of steel czar Lakshmi Mital -- Mangalore Refinery and Petrochemicals Ltd and HPCL too did not pick up any Russian crude. However, state-owned Indian Oil Corp
Indian equity markets are entering the Union Budget 2026 at a point where optimism is being tempered by selectivity. After a phase of broad-based participation driven by liquidity, macro stability and improving earnings, market expectations are becoming more measured. The forthcoming Union Budget is therefore less likely to trigger a blanket rally and more likely to reinforce a market environment where returns are driven by company-specific fundamentals rather than index momentum.A key shift we expect is transition in policy emphasis from stimulating consumption to enabling production, reflecting a broader economic pivot from a ‘Buy India’ approach to a ‘Build India’ agenda. While last year’s Budget focused on boosting household spending through tax reforms, GST rationalisation a
