Business

Sources undisclosed, mop-up so far 2X speculated amount

Minister of State for Petroleum and Natural Gas Suresh Gopi said the shift to E20 fuel has been “phased, calibrated and evidence-based,” noting that the ethanol blending rate was gradually raised from 1.53 per cent in 2013-14 to 20 per cent in 2025-26 following “scientific evaluation and stakeholder consultations at every stage.”

The Reserve Bank of India’s special swap facility attracted $20.72 billion by July 17. Most of this money arrived through Foreign Currency Non-Resident deposits. Overseas Foreign Currency Borrowings and External Commercial Borrowings also contributed to inflows. This facility was launched to strengthen India’s balance of payments and encourage capital. Banks anticipate a significant rise in

Coca-Cola’s Indian bottling unit IPO plans are advancing. JPMorgan and Citi have been appointed to manage the proposed 2027 listing. The company is also exploring the sale of a portion of its stake. This move aligns with Coca-Cola’s global asset-light strategy. Hindustan Coca-Cola Beverages is a leading player in India’s soft drinks market.

Relations between Saudi Arabia and the Houthis have deteriorated since last week after Riyadh carried out an attack on Sana’a airport. Any disruption to Red Sea shipments, currently the primary route for Saudi Arabia’s crude exports, would further intensify the impact of the conflict on global oil trade.

Industry experts say India’s crude procurement pattern during the US-Iran conflict reflects a flexible and well-diversified sourcing strategy. India’s crude oil imports from Russia in July so far have averaged at around 2.45 million barrels per day.

The DGCA is developing a digital platform for faster aviation incident reporting. This initiative aims to enhance the country’s aviation safety oversight capabilities. Airfare pricing is determined by dynamic supply and demand forces. The government generally avoids regulating airfares to maintain market competitiveness. However, it intervenes in exceptional circumstances to ensure fair pricing.

The S&P 500 advanced 0.6%, following its first weekly loss in three weeks and only its third weekly decline since the end of March. Nvidia rose 1.9%, helping lift the broader market after being the biggest drag on the S&P 500 during Friday’s session. Sandisk also recovered, jumping 6.7% after sliding 29% over the previous

China’s commitment to maintain supplies of critical materials, including rare-earth magnets, formed a central element of the October agreement under which Trump and Chinese President Xi Jinping agreed to pause the trade war.

Average petrol prices in the United States have now reached four dollars per gallon. This increase follows recent flare-ups and rising tensions in the Middle East region. Motorists in several states have been paying more than four dollars for some time. Crude oil prices have risen, impacting global fuel costs significantly. Higher fuel expenses may