GAIL (India) Limited has signed a long-term charter agreement with Alpha Gas for an LNG carrier, reinforcing its capabilities in liquefied natural gas transportation. The agreement has been executed with Pantheon Maritime Services Private Limited, a Singapore-based affiliate of Alpha Gas. The signing ceremony took place in Athens,…
The United States’ national debt has surpassed $36 trillion, reaching levels not seen since the post-World War II era and accounting for nearly 124% of its GDP. With annual interest payments exceeding $1 trillion—now higher than its defence spending—the development has raised concerns across global financial markets, including…
The Reserve Bank of India (RBI), through its Monetary Policy Committee (MPC), has decided to keep the repo rate unchanged at 5.25%, maintaining a “neutral” policy stance. The decision follows a cumulative reduction of 125 basis points since February 2025, indicating a calibrated approach amid shifting global and…
India has marked a significant advancement in its nuclear energy programme with the Prototype Fast Breeder Reactor (PFBR) at Kalpakkam attaining criticality. The milestone was acknowledged by Prime Minister Narendra Modi, highlighting its strategic importance in strengthening the country’s long-term energy security. Key Step in India’s Three-Stage Nuclear…
Prostarm Info Systems Limited has announced a strategic collaboration in the energy storage space by signing a memorandum of understanding (MoU) with Shenzhen Topband Co. Ltd. The agreement outlines a potential partnership to develop battery energy storage systems (BESS), with a focus on localisation and technology integration. MoU…
The Production Linked Incentive Scheme for the Food Processing Industry (PLISFPI) has delivered strong growth outcomes, with sales of supported products increasing by 10.58% and exports rising by 7.41%, according to the Ministry of Food Processing Industries (MoFPI). The scheme continues to strengthen India’s food processing ecosystem through…
The Great Eastern Shipping Company Limited has initiated a strategic fleet realignment by entering into an agreement to sell one of its medium-range tankers. The move is part of the company’s ongoing efforts to enhance operational efficiency and maintain a well-balanced shipping portfolio. Agreement Signed for Tanker Sale…
TVS Motor Company has expanded its international portfolio with the launch of the Armado 200, a purpose-built three-wheeler tailored for Indonesia’s diverse and challenging terrain. The new vehicle is positioned to cater to the country’s growing demand across last-mile logistics and commercial mobility. Performance and Utility-Focused Design The…
Lemon Tree Hotels Limited has received approval from the Competition Commission of India (CCI) for its proposed transaction involving Fleur Hotels Limited, along with a broader internal restructuring plan. The regulatory clearance marks a key milestone in the company’s ongoing strategic roadmap and was positively received by the…
The Airports Economic Regulatory Authority of India (AERA) has announced a temporary 25% reduction in landing and parking charges for domestic flights at major airports. The move is aimed at providing immediate financial relief to airlines amid ongoing cost pressures. Temporary Reduction to Ease Cost Burden The revised…
