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E20 mixing in trial phase, Centre tells SC; court orders status quo on ethanol quota
The Supreme Court has halted the Karnataka High Court's order to increase ethanol allocations for the 2025-26 supply year, urging state-run oil companies to maintain current levels. Attorney General R Venkataramani argued that such changes could destabilise the national E20 blending program, an "ongoing experiment."
E25 petrol blend's test drive begins; study report expected by end of next year
India is embarking on testing E25 petrol, which contains 25% ethanol, to evaluate its capabilities in vehicles. This initiative seeks to bolster the use of domestic biofuels and diminish crude oil dependency. The Automotive Research Association of India will monitor the mix's effects on vehicle performance and fuel economy across a distance of 150,000 km.
OMCs eye expanding LPG buffer to 30 days from national average of 18
India is boosting its LPG reserves to a 30-day supply, a strategic move prompted by the Iran war highlighting supply route vulnerabilities. Bharat Petroleum plans a significant investment to nearly double its storage capacity. This initiative aims to enhance energy security by diversifying import sources and exploring various storage solutions, including onshore, underground, and floating options.
Agnikul and Finland’s ICEYE team up to build and launch radar satellites from India
The partnership aims to cut reliance on foreign launch providers for strategic missions while positioning India as a regional manufacturing hub for ICEYE’s global constellation.
Fibe’s IPO papers flag reliance on unsecured, repeat lending
The DRHP also shows large default loss guarantee payouts, signalling that the business is not just a pure fee-led fintech but a lender exposed to credit cycles and funding costs.
Banks NPA at multi-decadal low of 1.8%, Indian financial system remains resilient: RBI report
India's financial system remains robust, with bank NPAs hitting a multi-decade low of 1.8%. Despite global uncertainties and rising oil prices, strong domestic fundamentals offer resilience. However, funding challenges are emerging as savers seek higher returns, and AI-driven cyberattacks pose a significant near-term threat to banks. The RBI remains vigilant against evolving risks.
SC directs status quo on Karnataka HC order on ethanol allocation; Centre says 20% blending still an experiment
The Supreme Court has put a hold on a Karnataka High Court order that sought to increase ethanol allocation for 2025-26. An oil company argued this could disrupt the national policy for 20% ethanol blending in petrol. The top court issued a notice, questioning if enhancing one supplier's quota would lead to widespread litigation and destabilize the existing national policy.
Indian Oil Chief Details Segregated Storage, Dispensing Plans For E85 And E100
India has been steadily increasing ethanol blending in petrol as part of its strategy to cut crude oil imports.
India cuts windfall tax on diesel, raises petrol tax from July
India has adjusted its windfall taxes on fuel exports, slashing duties on diesel and aviation fuel while increasing the tax on petrol exports. These changes, effective July 1, reflect easing global oil prices and aim to secure domestic supply. Exemptions for exports to neighbouring countries have also been expanded. This move signals a shift in the government's approach to managing fuel revenues amidst fluctuating international markets.
India adjusts windfall taxes on fuel exports as oil prices ease - Investing.com Nigeria
India adjusts windfall taxes on fuel exports as oil prices easeInvesting.com Nigeria
Indian electronics manufacturers forge more and more partnerships with companies from South Korea, Taiwan, Japan
Indian electronics manufacturers are forging alliances with firms from South Korea, Taiwan and Japan, alongside exploring standalone initiatives. This proactive strategy, championed by industry leaders like Dixon Technologies and Amber Enterprises, is designed to align with government objectives for self-reliance in electronics production, targeting both local and global markets.
'Short-Term Pain Was Crucial': How Govt Weathered Oil Shock With Only 7% Fuel Price Hike
Sunjay Sudhir explains how India capped fuel price hikes despite the global oil shock.