IndianOil’s Panipat refinery has achieved international certification to produce sustainable aviation fuel (SAF) from used cooking oil, according to Chairman Arvinder Singh Sahney. The refinery aims to produce 35,000 tonnes of SAF annually, meeting India’s 1% SAF blending requirement by 2027.
Indian chemical companies are making strides in creating a semiconductor manufacturing ecosystem, aligning with India’s tech ambitions. These firms are producing ultra-high-purity chemicals vital for wafer fabrication, reducing reliance on imports from Japan and the US. Tata Chemicals is boosting its high-purity chemical production, while Deepak Nitrite manufactures essential etching and cleaning chemicals.
Markets are poised for a positive start, fueled by PM Modi’s GST reform announcement and a constructive meeting between Presidents Trump and Putin. GST 2.0 promises rate cuts on everyday goods, potentially boosting consumption. While analysts offer mixed outlooks, the absence of negative news and potential tariff relief for India contribute to market optimism.
Prime Minister Narendra Modi is set to inaugurate the Delhi section of the Dwarka Expressway and the Urban Extension Road-II, projects worth nearly Rs 11,000 crore. These initiatives aim to decongest Delhi, improve connectivity, and significantly reduce travel time between key locations like the Singhu border and IGI Airport, while also lowering pollution.
Prime Minister Narendra Modi inaugurated two significant National Highway projects in Delhi, valued at nearly Rs 11,000 crore. These projects, including the Delhi section of the Dwarka Expressway and the Urban Extension Road-II, aim to alleviate congestion, improve connectivity, and reduce travel time across Delhi and its neighboring cities. The highways are designed to ensure…
India’s retail sector experienced an 8-10% year-on-year surge in footfalls and sales during the Independence Day discounts, signaling a potential revival. Electronics, groceries, and apparel saw significant growth, with restaurants also benefiting from increased mall traffic. Retailers are optimistic about a strong festive season, driven by improving demand and supportive government policies like GST rate…
India’s electronics exports have surged, marking a 47% increase in the first quarter of FY26, reaching $12.4 billion. Union Minister Piyush Goyal highlighted this as a success of the ‘Make in India’ initiative, which has boosted electronics production from $31 billion to $133 billion in a decade.
US President Donald Trump has indicated potential retaliatory tariffs on China for its Russian oil purchases, following similar actions against India. While immediate measures are not planned, Trump suggested they could be implemented in the coming weeks if the Ukraine war persists.
India is intensifying efforts to secure its rare earth supply chain, crucial for clean energy and electric vehicle growth, aiming for self-reliance in rare earth magnets under the Viksit Bharat vision.
Nearly 70% of Indian goods exports to the US face a 50% tariff, impacting labor-intensive sectors like textiles, gems, and agriculture. ICRIER advises smart negotiations, targeted relief, and export market diversification. Despite the challenges, India aims to maintain its global economic position, addressing concerns while safeguarding national interests and energy security.
