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PFC-REC merger gets board approval, creating India's largest power sector NBFC

New Delhi, June 29 -- The Board of Directors of Power Finance Corporation (PFC) and REC (REC) approved the Scheme of Merger (Scheme) for the merger of the two state-run power sector non-banking financ... Read More


SAEL unveils integrated 5GW solar cell, module manufacturing facility at Jewar

New Delhi, June 28 -- SAEL Industries is setting up an integrated 5 gigawatt (GW) solar module and cell manufacturing facility at Jewar in Uttar Pradesh, which was unveiled by Chief Minister Yogi Adit... Read More


West Asia Effect: Think Gas targets to add 4-5 lakh PNG consumers by December 2026

New Delhi, June 27 -- Think Gas is targeting to add 4-5 lakh piped natural gas (PNG) consumers by December 2026 as the country's second largest city gas distribution (CGD) firm aims to tap the momentu... Read More


Fragmented EV platforms, lack of component standardisation impacting economies of scale

New Delhi, June 26 -- Despite higher policy support and growth in manufacturing investment plans, complete localisation in the electric vehicle (EV) segment faces several hurdles, such as fragmented p... Read More


BRICS Energy Ministers stress on diversified, resilient & transparent energy systems, supply chains

New Delhi, June 25 -- The 11th BRICS Energy Ministers' joint statement on Thursday reaffirmed energy security as the cornerstone of its cooperation and has emphasised on the need for diversified, resi... Read More


India, Iran discuss strengthening hydrocarbons trade

New Delhi, June 25 -- Indian Oil Minister Hardeep Singh Puri met with Iran's Petroleum Minister Mohsen Paknejad on Thursday, as the Persian Gulf nation reportedly expressed strong interest in supplyin... Read More


Fuel supplies normalise: Govt lifts all LPG restrictions for commercial and industrial sectors

New Delhi, June 25 -- In a clear sign that fuel supplies have normalised following the US-Iran crisis, the Indian government on Thursday removed all restrictions on supply of liquefied petroleum gas (... Read More


Solar rooftops slash household power bills to zero in Kerala, Rajasthan

New Delhi, June 24 -- The Centre's flagship rooftop solar programme is beginning to deliver on its promise of sharply reducing household electricity costs, with Kerala and Rajasthan emerging as the le... Read More


Limited potential for Indian refiners to buy Iranian crude post sanctions reprieve

New Delhi, June 24 -- Even as the 60-day reprieve from US sanctions for Iran is expected to unlock more barrels of crude oil for the market, the exercise has limited potential for Indian refiners cons... Read More


Oil prices may rise to $80-90/barrel in second half of 2026: S&P Global Energy

New Delhi, June 23 -- International crude oil prices are expected to hover in the range of $80-90 per barrel in the second half of the 2026 calendar year as inventory levels decline and considering th... Read More