Adani Total Gas has appointed Preyash Jhaveri as its Interim Chief Financial Officer. This appointment is effective from December 22, 2025. Jhaveri has been designated as a key managerial personnel. He brings over 30 years of experience in finance and accounting across various sectors. Jhaveri has been with Adani Total Gas since 2007.
Asian nations are receiving more crude oil from the United States. However, these increased shipments cannot fully replace oil lost due to the closure of the Strait of Hormuz. This situation is creating supply challenges for refineries. Experts believe prices for refined fuels may rise. Less developed countries in Asia could face the impact first.
India’s Oil Minister Hardeep Puri met Qatar’s Energy Minister Saad Sherida Al-Kaabi. Both stressed ending global energy supply disruptions. Qatar reaffirmed its role as a reliable energy supplier to India. Discussions covered trade, investment, and energy ties. India is reassessing its supply situation following a ceasefire. Efforts are underway to secure the safe passage of…
India and US nuclear industry leaders met to boost collaboration. Discussions focused on reducing costs and construction times for nuclear power projects. India aims for 100 GW nuclear capacity by 2047. The US delegation represents advanced reactor technologies and fuel cycle innovation. New opportunities for partnerships in project development and manufacturing are being explored.
India’s oil import costs may rise if Russian oil purchases cease. A State Bank of India report suggests a potential increase of USD 9-12 billion. Russia currently supplies 10% of global crude. India has significantly increased Russian oil imports since 2022. This shift followed Western sanctions on Moscow. India’s diversified supply network may mitigate the…
Over 2.7 million power sector workers across India protested privatisation and anti-labour policies during a general strike. In Uttar Pradesh, approximately one lakh employees demonstrated against the privatisation of two DISCOMS. The All India Power Engineers Federation demands the immediate withdrawal of the privatisation in the interest of consumers and employees.
Oil prices climbed nearly 2% as investors weighed escalating U.S. sanctions on Venezuela, a drone attack on a Russia-bound tanker in the Black Sea, and Iraq’s nationalization of the West Qurna 2 oilfield. The U.S. seized two Venezuela-linked tankers, while concerns over supply disruptions from Russia, Iraq, and Iran contributed to the market’s upward movement.
REC Ltd’s board has approved a significant market borrowing plan. For the fiscal year 2026-27, the company will raise Rs 1.6 lakh crore. This borrowing will be done through various instruments including tax-exempt bonds, debentures, term loans, and commercial papers. The funds will be utilized based on actual needs and market conditions.
Andhra Pradesh government has cancelled Adani Green Energy Ltd’s (AGEL) 1,200 MW Kurukutti and 1,000 MW Karrivalasa pumped hydro storage power projects at the company’s request, citing boundary disputes between Andhra Pradesh and Odisha. AGEL requested cancellation and a refund of facilitation charges, which may be adjusted towards other projects.
The Donald Trump administration has issued a short-term waiver allowing countries to continue buying sanctioned Russian oil loaded on ships until May 16, aiming to stabilise global energy prices amid the US-Israeli war on Iran.