Energy

[ad_1] Budget 2026: India’s nuclear power ambitions receive a boost. Finance Minister Nirmala Sitharaman has extended customs duty exemptions on imports for nuclear projects until 2035. New Delhi: Finance Minister Nirmala Sitharaman extended basic customs duty exemption on imports of components and goods required for nuclear power projects till 2035. The extension will cover all […]

[ad_1] The government plans a significant boost for state-owned power companies. Investment is set to rise by nearly 19 percent to over ₹1 lakh crore in 2026-27. The government has proposed to increase total investment by the nine state-owned power sector firms by nearly 19 per cent to ₹1,01,762.92 crore in 2026-27 compared to the

[ad_1] Customs duty exemption on goods used to produce lithium batteries would enable creation of a robust electric vehicle infrastructure in the country, automobile industry body SIAM said on Sunday. Finance Minister Nirmala Sitharaman, while delivering Budget speech, proposed to extend the basic customs duty exemption given to capital goods used for manufacturing lithium-ion cells

[ad_1] Oil prices dropped significantly as President Trump indicated Iran was engaged in serious talks with Washington, signaling a de-escalation of tensions. Oil prices fell 3 per cent on Monday as U.S. President Donald Trump said over the weekend Iran was “seriously talking” with Washington, signalling de-escalation with an OPEC member ‌after risks of ‌a

[ad_1] The rupee strengthened by 37 paise to 91.56 against the US dollar as crude oil prices retreated. The rupee gained 37 paise to 91.56 against the US dollar in early trade on Monday, a day after the Union Budget 2026-27 was presented, largely as crude oil prices retreated from their elevated levels. Forex traders

[ad_1] OPEC+ producers will keep oil output unchanged for March. This decision comes as crude prices reach six-month highs. OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when it meets later on Sunday, according to three delegates and a draft statement seen ‌by Reuters, even ‌after crude

[ad_1] President Trump announced India will purchase Venezuelan oil, replacing some of its Russian imports. US President Donald Trump on Saturday said India will buy Venezuelan oil, helping ⁠to replace some of the Russian oil that the world’s third-biggest oil importer buys. “We’ve already made that deal, the concept of the deal,” Trump told reporters

[ad_1] The Indian government’s FY27 budget exempts excise duty on biogas blended with CNG, potentially improving margins for gas retailers. New Delhi: Gas retailers are likely to benefit from lower costs and improved margins following the government move to exempt excise duty on biogas blended with compressed natural gas (CNG) in the FY27 budget, according

[ad_1] The allocation for 2025-26 for the ministry was at ₹501 crore, according to the document. The Union Budget for 2026-27 has provided for a Budgetary allocation of ₹3,635 crore for the Ministry of Coal, a whopping 640 per cent increase over the ₹490 crore Revised Estimate (RE) 2025-26 provided in the Expenditure Budget document

[ad_1] According to Rajib Maitra, Partner, Deloitte India, dedicated rare earth corridors will help in building a resilient and globally competitive critical minerals and rare earths ecosystem in India. Finance Minister Nirmala Sitharaman in her Budget 2026 speech on February 1, proposed government support for mineral-rich states including Odisha, Kerala, Andhra Pradesh and Tamil Nadu