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Post-deal, Indian Oil Corp issues first tenders to lift oil, LPG from Hormuz ports
Indian Oil Corporation, India's top refiner, has issued tenders for ships. These vessels will transport liquefied petroleum gas and oil. The cargo will be lifted from ports located within the Strait of Hormuz. This marks the first such tender since a U.S.-Iran agreement. The company seeks to charter a VLGC, a Suezmax tanker, and a VLCC.
India will be the biggest driver of global oil demand for the next 25 years: OPEC
India is expected to add 8.1 million barrels per day of oil demand between 2025 and 2050—the highest increase globally—as rising incomes, industrialisation and transport needs outweigh the rapid expansion of renewable energy, according to OPEC's latest long-term outlook.
E-Ambulances will get up to 35% PM E-DRIVE subsidy
The government will subsidise electric ambulances. This support is up to 35% of the ex-factory price. Rs 500 crore is allocated for 3,811 electric ambulances over fiscal 2026-27 and 2027-28. The PM E-DRIVE Scheme aims to boost electric vehicles. This includes buses, trucks, and charging stations. The initiative supports patient transport and life support vehicles.
Bitcoin price falls below $65,000: These two major global events are spooking crypto investors
Bitcoin continues to face market pressure due to geopolitical and monetary policy concerns. The US-Iran interim agreement extends the current ceasefire by 60 days, permitting toll-free oil transport through the Strait of Hormuz while addressing unresolved nuclear and economic issues.
Ola Hits A Roadblock: Chandigarh Suspends Aggregator License For Six Months
The suspension order was issued by Nitish Singla, Secretary, State Transport Authority, UT Chandigarh.
Kalyani Strategic Systems and Paramount unveils Simha 4x4 at Eurosatory 2026
Designed and engineered from inception as a highly adaptable, modular and mission-configurable platform, the Simha 4x4 armoured vehicle addresses one of the most pressing capability requirements facing modern armed forces - the need for a protected, highly mobile, multi-role vehicle able to operate across a broad spectrum of missions ranging from reconnaissance, internal security and border protection to special operations, command-and-control, troop transport and force protection. The Simha 4x4 has been developed in record time, while prioritising rigorous product validation and testing, using advanced digital platforms.
Adani Group, Brazil's Embraer finalise Dholera for setting up aircraft assembly line
Adani Group and Embraer have selected Dholera in Gujarat for a regional jet assembly line. This collaboration aims to boost India's aircraft manufacturing capabilities. Embraer sees significant potential in the Indian market for civilian and defense aircraft. The facility will support India's Regional Transport Aircraft program and the UDAN scheme. Airline commitments are crucial for the assembly line's establishment.
PSU banks see sharp jump in green deposits FY26; deploy funds for clean transport, renewable energy
Indian state-owned banks witnessed a significant rise in green deposits during FY26. This growth reflects growing depositor interest in sustainable finance. The Reserve Bank of India's Green Deposit Framework, introduced in 2023, has played a key role. Banks are channeling these funds into environmentally friendly projects like renewable energy and clean transportation.
Noida airport gets round-the-clock cabs, fares range from Rs 1k to Rs 3k
Noida International Airport passengers found taxis to be a dependable transport option. Several cab aggregators like Uber, Ola, and Rapido offered services with introductory discounts. Premium cab operators also provided chauffeur-driven options. UPSRTC buses are also serving the airport, though with a shuttle requirement. These services ensured smooth connectivity for travellers.
NSE Indices launches 11 new sectoral indices, taking total count to 34
The newly launched indices are Nifty Power, Nifty Capital Goods, Nifty Telecommunications, Nifty Construction, Nifty Consumer Services, Nifty Commercial & Transport Services, Nifty Retail, Nifty Hospitals, Nifty NBFC, Nifty Housing Finance and Nifty Insurance.
Noida International Airport begins operations with first IndiGo flight from Lucknow
Noida International Airport has commenced flight operations. Its first IndiGo flight arrived from Lucknow and then departed back to the Uttar Pradesh capital. This marks a significant step for air connectivity in the region. The new airport aims to boost travel and economic development. It is designed as a multimodal transport hub.
Ethanol transition can shift to "Transport Energy Backbone" to shield India from oil shocks: KPMG
India's ethanol use is evolving beyond simple blending. It is set to become a key transport energy source. This will help manage fluctuating global fuel prices. An adaptive fuel system, varied distribution, and flex-fuel vehicles are crucial. This shift aims to enhance energy security and reduce reliance on external price volatility.