India’s domestic LPG production now covers nearly 60% of national demand, easing concerns amid Middle East conflict. Authorities are boosting PNG connections, with over 4 lakh consumers switching recently. Commercial LPG supplies have recovered, and priority is given to essential services. Smaller 5kg LPG cylinders are now more accessible, with supply doubled and documentation simplified.
US senators Elizabeth Warren and Sheldon Whitehouse are urging the CFTC to investigate suspicious oil trading activity preceding President Trump’s Iran conflict announcements. They highlighted significant, well-timed trades on March 23 and April 7, suggesting potential insider trading based on non-public government information.
New CAFE 3 norms, effective April 2027, aim to slash fuel consumption and CO2 emissions. Carmakers will earn credits for efficient vehicles, EVs, and hybrids, with “super credits” for zero-emission tech. A three-year compliance block and credit trading offer flexibility. CNG vehicles are projected to dominate the mix by 2031-32.
Tata Sons chairman N Chandrasekaran urged Air India employees to prioritize cost control and service enhancement, emphasizing the need to acknowledge the airline’s challenging reality. He reassured staff of the Tata Group’s unwavering commitment and the board’s full support, stressing the importance of focused execution and resilience amidst industry headwinds. This comes as CEO Campbell
Shapoor Mistry, representing the largest minority shareholder, advocates for Tata Sons’ public listing, calling it essential for stakeholder value and trust income. This follows similar calls from Tata Trusts vice chairmen, amid RBI’s proposed NBFC norms. Mistry believes a listing will enhance governance and transparency, potentially easing SP Group’s debt pressures.
The Reserve Bank of India is proposing a simpler asset-size threshold of Rs 1 lakh crore to identify large NBFCs for stricter regulation, replacing a complex scoring system. This change could place Tata Sons, with assets of Rs 1.75 lakh crore, under tighter scrutiny, contingent on its application to surrender its core investment company registration
