India is poised to advance its nuclear energy program by inviting bids for the 220 MWe Bharat Small Modular Reactor (BSMR-200) within six months. This initiative, a key part of the nation’s clean energy transition, will allow foreign companies to partner with local firms.
Amidst geopolitical tensions, the government assures uninterrupted fuel availability, with no disruption in LPG supply and normal deliveries. Citizens are urged to avoid panic buying as efforts are underway to ensure petrol, diesel, and LPG availability. Indian shipping continues to navigate the Middle East safely, with authorities closely monitoring the situation and ensuring the safety
Dalal Street eyes US-Iran conflict, crude oil, and corporate earnings for direction. HDFC Bank and ICICI Bank reported Q4 results, with the former warning of West Asia conflict risks. Analysts anticipate continued focus on geopolitical developments and their impact on global markets and capital flows.
India and the United States will resume trade talks next week in Washington. A delegation of Indian officials will meet their US counterparts. Discussions will focus on the first phase of a proposed bilateral trade agreement. Recent changes in US tariff policy necessitate a review of the earlier finalized trade structure.
Indian markets concluded the week on a positive note, with the combined market value of the top ten companies surging by over Rs 1.87 lakh crore. Bharti Airtel emerged as the leading gainer, adding Rs 58,831 crore to its valuation. This uptrend was supported by easing geopolitical tensions and a positive risk sentiment.
India’s economy shows resilience amidst global turmoil. SBI Research projects strong GDP growth between 6.8% and 7.1% for FY27. The nation navigates oil shocks from a position of strength. Domestic fundamentals provide a buffer. Potential risks like Super El Nino are noted. Inflation is expected at 4.5% with fiscal deficit around 4.5-4.6%.
India’s gold and silver markets anticipate over Rs 20,000 crore in sales this Akshay Tritiya, a rise from last year’s Rs 16,000 crore, despite record-high prices. Consumers are shifting towards lightweight jewelry and silver, with a notable decline in the volume of metals purchased, indicating value growth driven by price escalation rather than increased consumption.
India’s cooking gas use plunged 13% in March, hit by Middle East conflict-induced supply snags. While household needs were prioritized, commercial LPG consumption saw a drastic drop. Domestic production was boosted to compensate for import disruptions, though overall fiscal year LPG demand still grew. Jet fuel demand remained flat, but petrol and diesel consumption showed
Aspiring pilots face a steeper climb as jet fuel prices surge and the rupee weakens, pushing Commercial Pilot Licence (CPL) costs in India to Rs 60-70 lakh. Training abroad now incurs 15-16% higher expenses. This financial strain, coupled with long waits for flying hours and jobs, makes the dream of flying increasingly challenging for many.
