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India's Russian oil imports rise in May as refiners boost purchases
India continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydrocarbons worth 5.8 billion euros. Crude oil formed the bulk of these imports, with refiners significantly increasing their purchases from Russia. This trend highlights India's strategic energy sourcing amidst global shifts.
Proposed US-Iran Deal Hinges On Risky Plan Of Sequenced Rewards
In the best-case scenario for both sides, that could also officially start winding down an unpopular war that has spiked global energy prices and fueled inflation around the world.
Government scraps licensing rule for vehicle safety technology
India has taken a bold step by deregulating key radio frequencies, paving the way for innovative advancements in self-driving and collision-avoidance technologies in vehicles. Car manufacturers are now empowered to integrate cutting-edge global safety technologies, significantly enhancing road safety. Additionally, a novel framework is on the horizon for vehicle communication, designed to optimize traffic management and smarter transportation systems.
HVR Solar signs global MoUs to set up 1.2 GW TOPCon solar cell manufacturing facility in Uttar Pradesh
HVR Solar Ltd is establishing a 1.2 GW TOPCon solar cell manufacturing line in Uttar Pradesh through strategic MoUs signed at SNEC PV Power Expo 2026. Partnering with global technology providers, the facility aims to boost India's domestic renewable energy supply chain, reduce import reliance, and create over 500 local jobs.
Record AI fund inflows continue to weigh on India's investment case: EPFR Global
EPFR Global's Cameron Brandt said that enthusiasm around potential IPOs such as SpaceX, OpenAI and Anthropic is supporting flows. Brandt warned that the current AI-driven investment cycle is diverting capital away from India, although the country could benefit as AI applications mature.
US 'specifically' asked India to buy Russian oil in 2022, says EAM Jaishankar
India's External Affairs Minister S. Jaishankar stated India purchased Russian oil after the Ukraine war began in 2022. He explained the oil was available and affordable. The United States had specifically requested India continue buying Russian crude. This action aimed to stabilize global energy markets. India's decision was driven by market realities, not politics.
The conviction in India continues to be very high: Citi's Achintya Mangla
India is a significant market for Citi, with growth expected in AI, energy, and data-center infrastructure. Foreign investors are currently cautious, questioning India's position in the global AI race and seeking improvements in ease of doing business. Despite short-term volatility, long-term conviction in India remains strong, supported by favorable demographics and growing manufacturing.
India Playing Its Role In West Asia Crisis, Can't Be Paralysed, Says Niti Aayog VC
PM Modi-led NITI Aayog meeting focused on energy affordability, nuclear power, skilling and sustaining economic growth amid global uncertainty.
Infosys completes CMMI AI Maturity Framework and Pilot Assessment
Infosys has successfully completed and contributed to the CMMI AI Maturity (AIM) Framework and Pilot Assessment, conducted by CMMI Institute, a global leader in helping organizations reduce risk, boost performance and build capability. Through this collaboration, Infosys assisted with the advancement of the CMMI AIM framework contributing deep enterprise-scale perspectives on AI governance, responsible deployment, and outcome-driven practices that helped define how AI maturity is assessed and operationalized across global organizations. Infosys is among the first select group of organizations recognized globally to complete the pilot assessment, demonstrating a structured and responsible approach to scaling artificial intelligence across enterprise grade software engineering, agentic capabilities, and service delivery.
Japan stocks steady after volatile session amid Middle East concerns
Even with the rebound, tech shares stayed under pressure due to worries about stretched AI valuations, which continue to weigh on Japanese firms tied to the global AI boom. Domestically, investors are watching the Bank of Japan, which is expected to raise interest rates next week to tackle soaring energy costs linked to the Middle East conflict.
TCS, Anthropic announce global premier partnership for Enterprise AI scaling
TCS will integrate its domain-led engineering expertise—such as capabilities in claims adjudication and lending advisory, into the Claude Code ecosystem through reusable skills and plugins.
Asian Markets Today: South Korea's Kospi, Japan's Nikkei Pare Losses After Slumping Up To 4%
Asian markets steadied after an initial sell-off triggered by concerns that renewed hostilities in the Middle East could disrupt energy supplies and weigh on global economic growth.