Washington DC, September 04: Crude oil prices surged toward the $91 mark on September 4, marking the largest weekly gain in recent months following fresh US strikes in Iran. After weeks of a stalemate that had momentarily stabilized global energy markets, this surge has now renewed the risk of a broader regional conflict that continues to threaten global supply chains and energy security. The period of relative calm concluded on September 2, 2026, when the U.S. and Iran engaged in a series of targeted attacks. This escalation shattered the uneasy peace that had lasted for weeks, with experts hoping that…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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Kolkata, September 4: SPML Infra Limited today announced a significant milestone in strengthening the Aatmanirbhar Bharat initiative. Through SMPL’s in-house R&D, the company has successfully completed stringent safety, performance, and transportation certification and testing requirements. The SPML-developed battery pack has completed requirements under UL9540A, IEC 62619, IEC 63056, IEC 60730, IEC 61000-6-2 and IEC 61000-6-4, together with UN38.3 to meet requirements for the battery pack and its associated systems. This certification strengthens SPML Infra’s role in meeting new-age requirements for India’s power infrastructure, offering a reliable, homegrown solution for grid stability and the seamless integration of renewable energy sources. “The…
New Delhi, September 03: India’s EdTech industry is getting more selective and business model driven. The average deal size, public listings and acquisitions are gaining significance as overall funding has declined significantly, says a new Tracxn report. Tracxn’s From Funding-Led to Model-Led: Indian EdTech’s Next Phase report shows that total funding for EdTech fell from approximately $4.3 billion in 2021 to $214 million in the first eight months of 2026. Even with this decline, the median funding round grew to $1.1 million in 2026, almost double the average deal size from the previous five years. The number of funding rounds…
New Delhi, September 3: Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge, has formed a partnership with Thales to manufacture and assemble advanced 70mm rocket systems in India. The goal is to boost India’s defense self-reliance as part of the Make in India initiative. The two companies plan to produce high-precision rockets for the Indian Armed Forces, with the first units expected by early 2027. This partnership also expands KSSL’s aerospace and defense work by bringing in international expertise to improve local manufacturing. Thales will supply the technical expertise and design for the 70mm rocket systems, while KSSL…
New Delhi, September 03: The Indian government has stalled a proposal from China’s Alipay to integrate with the Unified Payments Interface (UPI), a report by Reuters said. With heightened national security concerns and unresolved questions regarding the storage and management of sensitive customer data, this move is aimed at shielding India’s digital financial ecosystem from external risks, especially from China. As the UPI system expands internationally, Indian regulators are increasingly prioritizing its digital security and localization over cross-border integration with specific foreign payment providers. The integration, proposed by Alipay’s Singapore-based parent Ant International in January, would have allowed Indian travelers…
Noida, September 3: Shares of Inox Wind Limited (IWL) to remain in focus today after it won a repeat order worth ₹755 crore from the Indian Oil Corporation (IOCL) for a 100 MW wind power project. This contract includes supplying and installing 50 units of Inox Wind’s 2 MW wind turbine generators, while it will manage the entire scope of work, including supply of wind turbines, site development, construction and final commissioning of the wind farm. This order comes more than a month after it secured another follow-up order worth ₹200 crore from NLC India The order strengthens Inox Wind’s…
Mumbai, September 3: Balu Forge Industries Limited’s shares will be in focus today after it significantly boosted its heavy engineering capabilities by acquiring a new 18,000-tonne capacity Ring Rolling Line. Though the company hasn’t revealed details about the seller or the investment made, this addition is expected to allow the company to manufacture rolled rings with diameters up to 6.7 meters. With this expansion, Balu Forge now has the capacity to cater to high growth sectors, including defence, wind energy and aerospace, strengthening its position in the precision engineering space, With the 18,000 tonne capacity, Balu Forge now has the…
Hong Kong, August 2: Shein’s highly anticipated debut on the Hong Kong Stock Exchange met with a lukewarm reception as is shares fell during its first day of trading. After raising approximately $1.78 billion through its initial public offering (IPO), the e-commerce giant faced immediate investor skepticism regarding its slowing momentum. According to Reuters, the IPO pricing reflects a cautious valuation as the fast fashion brand’s revenue growth remains flat at 1.1% for the first quarter of 2026 as it navigate from a pure-play fast-fashion retailer to a marketplace model to sustain its global scale. Though it remains fairly early…
New Delhi, August 2: The Reserve Bank of India’s (RBI)’s special window for Foreign Currency Non-Resident (Bank) deposits has officially concluded, with banks now slashing their interest rates by almost half. The FCNR (B) scheme has been an unexpected success, allowing the RBI to raise more than $100 billion to shore up its forex reserves. The RBI’s strategy on incentivizing long-term dollar commitments through the 35 million-strong Non-Resident Indian (NRI) diaspora earlier had a deadline for the end of September, but the RBI has been forced to advance it as it met the threshold expected. These deposits are backed by…
Mumbai, September 2: UltraTech Cement Limited, India’s largest cement producer, has announced a significant leap in its green logistics journey. Under a strategic partnership with leading commercial vehicle manufacturers, Tata Motors and Ashok Leyland, UltraTech Cement will deploy 600 heavy-duty electric trucks (HDEVs) for its logistics operations by December 2026. “UltraTech is expanding sustainability beyond its plants by adopting greener logistics solutions. This large-scale transition to green logistics underscores our focus on decarbonising every link of our value chain and supports our commitment to achieving Net Zero.” Mr K C Jhanwar, Managing Director, UltraTech Cement Limited, said in a press…
