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Hindalco expects aluminium to shine bright downstream

Hindalco expects aluminium to shine bright downstream

Hindalco targets 15-18% annual operating profit growth from its downstream aluminium business over 5 years, driven by transport and energy transition demand. A $5 billion capex plan aims for steadier earnings and ₹1,000 crore revenue from value-added products by FY2029.
Very short window for India amid China supply-chain shift, says CEA V Anantha Nageswaran

Very short window for India amid China supply-chain shift, says CEA V Anantha Nageswaran

India has a "very short window" to leverage global supply-chain shifts, as China obstructs diversification. CEA Nageswaran's presentation noted China's $1.2 trillion trade surplus by 2025, urging proactive policies for India's economy.
US energy firms add oil and gas rigs for seventh straight week

US energy firms add oil and gas rigs for seventh straight week

US energy firms increased oil and gas rigs for a seventh consecutive week, marking the longest streak of additions since May 2022, indicating sector growth.
OPEC crude output drops to lowest level in 37 years

OPEC crude output drops to lowest level in 37 years

OPEC crude production in May dropped to a 37-year low due to a US blockade of Iran and Persian Gulf disruptions, significantly limiting output.
Speculators cut net-long positions in Brent

Speculators cut net-long positions in Brent

Money managers and hedge funds reduced their net-long bets on ICE Brent futures in the week to May 26, indicating a cut in speculative positions.
'Making in Russia for India' eyes fertilisers, critical mineral mining JVs

'Making in Russia for India' eyes fertilisers, critical mineral mining JVs

India's envoy pitched 'Making in Russia for India' model, focusing on fertilisers, critical minerals, and mining JVs. A 2 million-tonne urea plant is planned. This aims to propel bilateral industrial partnership towards a $100 billion trade target.
Ahmedabad Traffic Crackdown Targets Risky Road Behaviour

Ahmedabad Traffic Crackdown Targets Risky Road Behaviour

Ahmedabad's citywide traffic crackdown revealed widespread road rule violations, including wrong-side driving. Authorities imposed substantial penalties and legal action, aiming to enhance road safety and discipline amidst rapid urban growth and increasing vehicle numbers.
Ahmedabad Real Estate Transaction Case Sparks Inquiry

Ahmedabad Real Estate Transaction Case Sparks Inquiry

Ahmedabad police are investigating financial irregularities in a real estate case where homebuyers' funds for property registration allegedly went missing. The incident highlights concerns over transparency and accountability in transactions.
Mumbai Ahmedabad Rail Corridor Advances Underground Works

Mumbai Ahmedabad Rail Corridor Advances Underground Works

India's first Mumbai-Ahmedabad high-speed rail corridor achieves a significant milestone with underground excavation advancing in Maharashtra. This progress enables track installation, promising reduced journey times and enhanced regional economic integration.
Ahmedabad Civic Project Faces Connectivity Delay

Ahmedabad Civic Project Faces Connectivity Delay

Ahmedabad's civic redevelopment project, including a new fire station and multi-level parking, faces delays. A crucial pedestrian connection remains incomplete, impacting accessibility and raising questions about project timelines and full value delivery.

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