New Viceroy report flags Vedanta semiconductor unit’s dealings
A new report by Viceroy Research has alleged that Vedanta routed a Rs 2,500 crore loan through a subsidiary—Vedanta Semiconductors (VSPL) — to manage internal liquidity needs while avoiding regulatory scrutiny.

JSW-BPSL saga: Let it be or let it go
 

Swastika Castal Ltd, known for high-precision aluminium components, opens IPO on 21st July 2025
Source Credit:, The Tribune

Vedanta Aluminium, CTCRI sign agreement to use red mud for green initiatives
 

Tanishq partners with De Beers to launch Diamond Expertise Centre
Tanishq has partnered with De Beers Group to launch India’s first Tanishq Diamonds Expertise Centre, introducing transparent in-store diamond evaluation technology to the Indian market. The initiative features five advanced devices that evaluate diamond quality, origin, inclusions, and laser markings in real-time. Key tools include the Lightscope for measuring light performance and SynthDetect for distinguishing natural diamonds from alternatives.

Hindustan Zinc Q1 results: Net profit drops 5% to ₹2,234 cr
Hindustan Zinc, India’s sole and the world’s largest integrated zinc producer, reported a first-quarter profit of ₹2,234 crore for FY26, down 5 per cent year-on-year (y-o-y).  Sales saw a 4 per cent y-o-y decline to ₹7,771 crore for Q1 FY26.  The Vedanta-owned company in a statement said, revenue was down on account of lower volumes and lower zinc and lead commodity prices partly offset by higher silver prices, stronger dollar and higher by-product realisations.

Hindustan Zinc: India’s zinc giant needs more than a smelter. It needs a rethink
 

EU bans import of fuel made from Russian oil, sanctions Indian refiner Nayara, lowers price cap on Russian crude
The European Union (EU) Friday announced a ban on import of fuels made from Russian crude and coming from third countries with the exception of Canada, Norway, Switzerland, the United Kingdom and the United States. The move could severely hit India’s fuel exports to Europe, given the significant share of Russian crude in India’s oil import basket. The EU is also sanctioning Indian crude oil refiner Nayara Energy, in which Russian oil giant Rosneft holds 49.13 per cent stake, as part of its tranche of actions in the latest bid to force the Kremlin’s hand to end the war in Ukraine.

India’s crude import bill down 19% in April-June
India’s crude import bill declined by 18.6% during the first three months of financial year 2025-26, reaching $30.6 billion compared to $37.6 billion in the same period of FY24, according to data from the Petroleum Planning and Analysis Cell. The decline in the import bill can be attributed to India’s heavy reliance on discounted Russian barrels.

AMC plans solar-powered EV charging stations for its buses
An AMC official, speaking on condition of anonymity, stated that the electric bus charging stations at AMTS and BRTS bus terminals will be connected to solar panel systems.

India plans E27 ethanol fuel blend as push for alternative fuels intensifies
After achieving the target of 20 per cent ethanol blending in petrol, the Indian government is preparing to raise the bar to 27 per cent, with plans to introduce a new fuel blend labelled E27, The Times of India reports.

Russia will be forced to sell its crude at reduced rates to India, as EU lowers oil price cap

The European Union on Friday imposed sanctions on the Indian oil refinery of Russian energy giant Rosneft and lowered the oil price cap, as part of a new raft of measures against Russia over its war in Ukraine.

Petroleum dealers must become active partners in India's energy transition: Hardeep Puri
 

Adani exits edible oil business and Wilmar venture, nets Rs 15,729 crore to cut debt
 

Markets end the week on a muted note: Nifty, Sensex close in the red, Axis Bank down 5% – 4 key highlights
Indian equity benchmarks closed Friday’s session on a weak note, extending losses as lacklustre Q1 earnings failed to lift investor sentiment. At close, the Sensex stood at 81,757.73, down 501.51 points or 0.61%, while the Nifty 50 ended at 24,968.40, losing 143.05 points or 0.57%. The Nifty Bank also slipped, finishing the day at 56,283, down by 0.96%.