India’s oil trade deficit increases
Rating agency Crisil on Thursday said India’s oil trade deficit has widened in the last two fiscal years despite softening crude prices, underscoring a significant gap between global and domestic oil consumption patterns. Crisil said that despite the decline in crude oil prices, India’s oil trade deficit has widened as the country’s oil import growth…
IPL 2026: Riyan Parag fined
Rajasthan Royals captain Ryan Parag has been fined 25% of his match fee after being found guilty of bringing the game into disrepute during the IPL 2026 match against Punjab Kings in Mullanpur. The incident, which occurred during Rajasthan’s pursuit, was captured on live broadcast and quickly circulated on social media, sparking widespread criticism. …
Fertilizer production stable; official
The government on Thursday rejected any talk of a decline in urea production in March-April and said production during the period reached 3.74 million tonnes, almost equal to last year’s level despite the West Asia crisis. Apart from this, 37 lakh tonnes of urea has also been imported to meet the shortage before the Kharif…
Pentagon says Iran war cost $2
The Iran war has cost $25 billion so far, Pentagon officials said, presenting the estimate at a contentious congressional hearing in which Defense Secretary Pete Hegseth locked horns with Democrats over the administration’s handling of the conflict. Hegseth told the House Armed Services Committee that the cost was justified to ensure Iran did not get…
Cuban court exile, entrepreneur
Cuba invites back the diaspora it once rejected with a high-risk economic reset. Under increasing pressure from US sanctions, fuel shortages, and a crumbling state-run apparatus, Havana has begun to attract the same actors it once treated as enemies: private entrepreneurs, foreign investors, and – especially – Cuban expatriates. Last month, the government unveiled a…
Adani Power Q4 FY26 Results: N
Adani Power on Wednesday reported a sharp rise in fourth quarter earnings, with consolidated net profit rising nearly 64 per cent year-on-year to ₹4,271.40 crore for the quarter ended March 31, 2026, compared to ₹2,599.23 crore in the year-ago period. Total income for the quarter stood at ₹15,989.09 crore, compared to ₹14,535.60 crore in the…
PhonePe reaches 700 million people
What stands out in this journey is not just the scale, but also the pace of development. PhonePe took 136 days to reach its first million users, and now this is achieved every 6 days. From FY 2023 to FY 2025, the company has maintained a steady compound annual growth rate (CAGR) of 56.25 per…
How does the autonomous treasury fix
The advent of the sovereign treasury has ignited a competitive push, with aggressive industry targets. Not all companies will want to grow at the same pace. The shift to an autonomous treasury is reshaping the world of corporate finance, driven by new strategies and technologies – from self-healing cash forecasting to AI-powered liquidity engines –…
Odisha unveils new policy for R
The Odisha government on Tuesday notified a new policy on re-use of treated used water in urban areas of the state to strengthen water security and promote sustainable resource management. It laid out an ambitious roadmap to transform urban waste water into a productive economic resource. The ‘Policy on Reuse of Treated Used Water of…
ArcelorMittal Nippon Steel Industries
ArcelorMittal Nippon Steel India (AM/NS India) on Tuesday announced the appointment of Nobuo Okochi as its chief financial officer (CFO), effective July 1. This follows the promotion of current CFO Amit Harlalka to the post of Chief Executive Officer (CEO). Last month, the joint venture between global steel majors ArcelorMittal and Nippon Steel had…
