Vodafone Idea has received significant relief as the Department of Telecom reassessed its Adjusted Gross Revenue (AGR) dues to Rs 64,046 crore, a reduction of over Rs 23,000 crore. The company will now pay these dues in installments between 2031 and 2041, providing much-needed financial breathing room.
Russia continues to be India’s top crude oil supplier in April, despite a dip in shipments. While Saudi Arabia and UAE increased their supplies, India resumed imports from Iran and Venezuela to compensate for disruptions in West Asian supplies. LPG imports saw a significant fall, with domestic production bridging the gap.
US President Donald Trump announced the removal of tariffs and restrictions on whiskey trade between Scotland and Kentucky. This decision, influenced by the recent visit of King Charles and Queen Camilla, aims to bolster long-standing trade ties, particularly concerning wooden barrel exchanges.
Domestic urea production has bounced back to last year’s levels, with April output reaching 21 lakh tonnes, a significant recovery after a March dip. With natural gas supplies largely restored and robust import assurances, the government confirms ample fertilizer availability to meet the upcoming kharif crop needs, ensuring farmers remain unaffected by global price hikes.
India is boosting its shipbuilding capabilities by adopting a “structured tender” approach for specialized vessels like gas and oil tankers. This strategy mandates that a portion of these ships be built domestically, facilitating technology transfer and strengthening local manufacturing. The government aims to aggregate demand for hundreds of vessels to enhance self-reliance in the maritime
