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Hyderabad Defence Investment Creates New Growth Cluster

Hyderabad Defence Investment Creates New Growth Cluster

Hyderabad secures a $90M JSW Group investment for a V-BAT drone facility at Maheshwaram. Expected by late 2026, it will produce 300 systems annually, creating 300+ high-skilled jobs, boosting India's defence capabilities.
Chennai Sees Big Rise In Lake Storage After Rains

Chennai Sees Big Rise In Lake Storage After Rains

Chennai's main lakes now hold 10.64 TMC, reaching 80% of their 13.22 TMC capacity after heavy rains. This significant rise eases immediate water supply pressure, improving the city's outlook.
Iron ore climbs as infra demand, steady steel use counter weak China data

Iron ore climbs as infra demand, steady steel use counter weak China data

Iron ore futures climbed due to robust infrastructure demand and consistent steel consumption, despite weak economic data from China. This upward trend reflects ongoing industrial activity.
Govt may call bids for rare earth facilities by January end

Govt may call bids for rare earth facilities by January end

India plans to invite bids by January for a ₹7,280-crore scheme to establish 6,000 metric tonnes per annum rare earth permanent magnet manufacturing. This aims for self-reliance in REPMs, vital for EVs, renewable energy, and defence.
Discoms eye solar plus storage solutions, says minister Pralhad Joshi

Discoms eye solar plus storage solutions, says minister Pralhad Joshi

Minister Pralhad Joshi reported 67.5 GW RE capacity bid since April 2023. Discoms increasingly prefer solar-plus-storage solutions. However, delays in signing PPAs/PSAs for ~43 GW threaten India's 2030 renewable targets, slowing bidding significantly.
Crude oil markets react to impact of Ukraine strikes, Trump’s Venezuela threat

Crude oil markets react to impact of Ukraine strikes, Trump’s Venezuela threat

Crude oil futures rose Tuesday due to Ukrainian strikes on Russian energy infrastructure, impacting CPC loadings (1.48M barrels/day), and Trump's Venezuela airspace threat, affecting 800,000 barrels/day exports. Brent was $63.24, WTI $59.43.
Russia, Middle East account for over 80% of India’s crude oil imports in November

Russia, Middle East account for over 80% of India’s crude oil imports in November

India's November 2025 crude imports exceeded 5 mb/d, with Russia (36.30%) and Middle East (42.43%) dominating over 80%. US sanctions are expected to reduce Russian flows to ~1 mb/d in December, prompting diversification.
Ajni station redevelopment gathers pace with new east-side building, staff towers and upgraded platform facilities

Ajni station redevelopment gathers pace with new east-side building, staff towers and upgraded platform facilities

Ajni Railway Station's redevelopment by Central Railway is progressing rapidly. The east-side building and two stilt-plus-seven-floor staff towers are complete. Platform 4 & 5 COP columns are erected, with FOB and concourse works advancing for a modern terminal.
Southern Railway upgrades Karaikudi station under Amrit Bharat scheme with new FOB, lifts and amenities

Southern Railway upgrades Karaikudi station under Amrit Bharat scheme with new FOB, lifts and amenities

Southern Railway upgraded Karaikudi station under Amrit Bharat scheme for ₹20.34 crore. Enhancements include a new FOB, three lifts, improved parking for 200 two-wheelers/26 cars, AC waiting room, and accessible facilities, serving 6,000 daily passengers.
IHCL inks 90-key Ginger hotel in Shillong, Meghalaya

IHCL inks 90-key Ginger hotel in Shillong, Meghalaya

IHCL announced a 90-key Ginger hotel in Shillong, marking the brand's debut in Meghalaya. This greenfield project will bring IHCL's total hotels in the state to three, including one under development.

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