India has achieved a record 31.25 GW of non-fossil power capacity addition this financial year, with solar power leading the surge. The nation’s solar capacity has grown over 4,500% in a decade, positioning India as a significant global driver of renewable energy and a key player in the energy transition.
India’s burgeoning data center and AI sectors, coupled with surplus electricity capacity and power distribution reforms, are positioning the nation as a potential global leader in power trade. Experts believe electricity is becoming a strategic, tradable commodity, with AI and machine learning crucial for optimizing smart metering and improving discom efficiency.
India and the US are set to hold crucial trade talks in New Delhi from December 10-12 to finalize the initial phase of a pact. This follows recent US tariffs on Indian goods. Both nations aim to resolve tariff issues and boost bilateral trade to $500 billion by 2030, addressing concerns over falling Indian exports…
Elon Musk denounced the EU’s $140 million fine on X as “crazy” and “insane,” criticizing the penalty for violating transparency rules under the Digital Services Act. Regulators cited deceptive design practices with the blue checkmark system and shortcomings in X’s ad database. The ruling has drawn criticism from US officials who view it as an…
Sebi has proposed a significant overhaul of its Foreign Portfolio Investor (FPI) framework to simplify registrations and ease compliance for global investors. The move includes a unified rulebook and an abridged application option for related funds, aiming to enhance the ease of doing business in India.
India can boost its exports to Russia seven-fold, reaching $35 billion by 2030, by tapping into sectors like food, pharmaceuticals, and textiles. Currently, trade is heavily skewed towards oil imports, with exports lagging significantly. A key hurdle is the lack of a predictable payment system, hindering broader market access for Indian goods.
Amidst US sanctions on Russian oil majors, President Putin has assured India of consistent energy supplies, including oil, gas, and coal. This comes as India faces US pressure over its crude oil trade with Russia. Beyond fossil fuels, Russia is also deepening collaboration with India in nuclear energy, transport logistics, and advanced technology sectors.
Prime Minister Modi and President Putin directed officials to expedite negotiations on a “mutually beneficial” investment agreement during their New Delhi summit. The leaders also emphasized expanding bilateral trade, particularly boosting India’s exports to Russia, and deepening energy and transport corridor cooperation.
