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Wilmar International chief says India must target 60% self-sufficiency in edible oils
India needs to produce more edible oils domestically. Kuok Khoon Hong, chairman of Wilmar International, suggests aiming for 50-60% self-sufficiency. This move is crucial given India's vast consumption and current reliance on imports. Stable government policies are key to encouraging local oilseed cultivation. Global factors are also driving up cooking oil prices.
India's power transmission infra set for Rs 9 trillion upgrade as renewable push accelerates: Report
India is set for a massive power transmission investment of nearly Rs 9 trillion by 2032, according to a Kotak Neo report. This will support the country's clean energy goals by building essential grid infrastructure. Renewable energy capacity is growing rapidly, requiring extensive transmission lines and substations. High-Voltage Direct Current systems will be crucial.
Why Resources, Energy Are New Pillars Of Growth Portfolio
Here is an analysis of why the resources and energy sector stands out as a compelling investment option in the current scenario.
SJVN Q4 Results: Revenue Triples While Losses Narrow; Co Announces 35 Paise Dividend
SJVN's Ebitda saw a sharp four-fold jump as well, rising from Rs 241 crore to Rs 910 crore for the current margin while margins expanded to 60.9%.
India asks US for Russian waiver extension as Iran war drags on
India has requested the United States to extend its waiver on Russian oil imports. This comes as the ongoing conflict in the Persian Gulf impacts global energy supplies. India emphasises that securing energy supplies remains a top priority for its citizens. Indian refiners are increasing Russian oil imports before the current waiver expires.
Petrol, diesel price hike in India a matter of time if Middle East conflict persists: RBI Governor Sanjay Malhotra
India faces potential retail fuel price hikes if the Middle East conflict persists. RBI Governor Sanjay Malhotra indicated this possibility due to rising energy import costs and inflation risks. The government has already reduced duties and state refiners are absorbing losses. Prime Minister Modi urged citizens to conserve fuel. Oil companies are struggling to maintain current prices.
Morgan Stanley warns oil market in ‘race against time’ as Strait of Hormuz remains shut amid Iran war
Morgan Stanley warned that global oil markets are in “a race against time” as prolonged disruption in the Strait of Hormuz could sharply tighten supplies and push crude prices higher. Analysts said current market buffers may weaken if the closure extends into late June or July, raising risks for global energy markets.
Three key factors why shares of Hindustan Zinc surged over 7% on Monday
Hindustan Zinc's management has targeted silver volumes of 680 tonne in FY27 compared to 627 tonne in FY26. The renewable energy contribution will also move higher to 30% compared to the current 18%. The management also added that some work may start on the Hindustan Zinc demerger in FY27.
Japan stocks fall as Middle East tensions and policy uncertainty weigh on sentiment
Investor sentiment weakened as stalled US-Iran peace talks and ongoing tensions in the Middle East raised concerns about global stability. The continued disruption around the Strait of Hormuz, alongside US restrictions on Iranian ports, has kept energy prices elevated and added to inflation worries. Comments from Donald Trump that the current truce could remain in place indefinitely, while awaiting a new proposal from Iran, added to uncertainty.
Donald Trump says oil, gas prices could swing either way before midterms
Donald Trump has commented on the fluctuating prices of oil and gas. He believes these costs could either decrease or increase before the upcoming US midterm elections. This statement underscores the current unpredictability in global energy markets. Geopolitical tensions and supply disruptions are key factors influencing these price movements. The situation remains uncertain as the elections approach.
Calm before storm? Axis Bank's Neelkanth Mishra says India must brace for geopolitical shocks every 1–2 years
Axis Bank Chief Economist Neelkanth Mishra warned that India should brace for geopolitical shocks every 1–2 years, calling current tensions part of a broader US–China “grand war.” While markets stabilised after a ceasefire push, Mishra cautioned that disruptions to supply chains, energy and trade could intensify, demanding faster reforms and resilience-building.
Government pushes faster PNG rollout amid Gulf crisis
India is pushing for more piped gas connections. Oil Secretary Neeraj Mittal has asked city gas companies to speed up adding household connections. This comes as the government eases rules for infrastructure. The move aims to reduce reliance on imported fuel. Recent global events highlighted vulnerabilities in current supply chains.