India moves WTO against EU’s restrictive steel safeguards, threatens counter-duties
India and the EU held consultations on March 19, 2025, in online mode on the European Union's move.

Hindalco’s alchemy: Rewiring business to forge a new future
Hindalco Industries Ltd., a flagship company of the Aditya Birla Group, has long been a titan in the global aluminium and copper industry. For 64 years, this Indian conglomerate has been a trusted name, primarily recognised for its upstream operations—supplying foundational materials like ingots, wire rods, and copper cathodes to a wide range of industries. As one of the world’s leading producers of aluminium and copper, Hindalco has built a reputation for reliability and scale. However, the industrial landscape is shifting, with rising demand for sustainable materials driven by sectors like electric vehicles (EVs), renewable energy, advanced housing, and defence. In response, Hindalco has spent the last seven years quietly transforming itself from a traditional upstream supplier into a provider of high-value, engineered products and solutions. This evolution has now culminated in a bold rebranding initiative, unveiled through insights from Managing Director Satish Pai and Nilesh Koul, Sr. President & CEO of Downstream Aluminium Business. This rebranding is more than a facelift—it’s a declaration of Hindalco’s ambition to lead industries into a sustainable, innovative future.

Gold rallies Rs 1,100 to scale new record high of Rs 92,150 per 10 g

New Delhi: Gold prices rallied by Rs 1,100 to hit a fresh peak of Rs 92,150 per 10 grams in the national capital on Friday amid rise in precious metal rates in the overseas markets, according to the All India Sarafa Association.

GAIL’s Rs 20 hike in tariff will translate to Rs 3,400 crore per annum: Sandeep Kumar Gupta
Sandeep Kumar Gupta, CMD, GAIL (India), says the Rs 20 increase in tariff which they have filed will translate to Rs 3,400 crore per annum and they are very hopeful that at least two elements out of this, – Rs 1,200 crore for true up-of-the-system use gas cost and about Rs 800 crore due to the APM price deallocation and the capacity determination totalling Rs 2,000 crore – is certain. We expect that this development should be there in the next month itself.

How do you see the proposed tariff changes by PNGRB and how does GAIL benefit from this?

Sandeep Kumar Gupta: The public consultation document which has been floated by PNGRB proposing certain changes in the regulation covers two-three main changes. First, there will be only two zones instead of the three zonal tariffs presently available and the silver lining is that for all CGDs, for their domestic PNG and CNG volumes, only zone one tariff will be applicable. This will be a big positive for GAIL which is present in 72 geographical areas out of the total 307 geographical areas.

The second change pertains to the isolated networks where presently the normative capacity is reckoned for the purpose of tariff determination, whereas the actual volumes are much lower. So, the change proposed is that the actual volumes will be considered. This again will be very positive for our isolated networks in Agartala, in Cauvery basin, in Gujarat region and we expect that about 130 crore per annum will be a benefit out of that.

The third change pertains to the retention of 50% benefit of the excess utilisation beyond the 75% normative capacity where again our HVJ pipeline, which is nearing reaching 75% capacity utilisation will benefit in the future years. But the biggest development is an advanced stage of our revision, integrated tariff revision, for which we filed the application for increase from 58 rupees 61 paisa per MMBTU to 78 rupees, we filed this on August 24 and that is nearing completion and we are very hopeful that in the next monthly meeting of PNGRB that should get approved.

The Rs 20 increase in the tariff which we have filed translates to Rs 3,400 crore per annum and we are very hopeful that at least two elements out of this, – Rs 1200 crore for true up-of-the-system use gas cost and about Rs 800 crore due to the APM price deallocation and the capacity determination these Rs 2,000 crore is certain. We expect that this development should be there in the next month itself.

Jefferies says ONGC to jump 50% in 1 Year: 4 reasons why
Jefferies has reinterred a Buy rating on ONGC with a target price of Rs 375 per share. This implies 52% upside for the ONGC share price from current levels. According to Jefferies, the share price promises favourable returns on the back of reforms in gas and crude pricing. These support FY25-27 EPS growth of 14% on a compounded basis.

At 55 MT, month-end coal stocks at thermal units below norm
Domestic coal-based thermal power plants across the country are expected to report combined coal stocks of 55 million tonnes (MT) on March 31, 2025, compared to 47 MT recorded a year ago, official sources told FE. Though these are comfortable levels and sufficient to avert any disruptions in the running of the plants, the current stocks are lower than the normative requirement at this point time, which is 67.29 MT.           

Coal India, three other firms in talks with SQM to acquire 20% stake in lithium projects in Australia: Sources
 

Adani Power Ltd resumes power supply to Bangladesh from power plant in Jharkhand
 

Germany’s GIZ, PHDCCI to collaborate to promote renewable energy
New Delhi: Industry body PHDCCI said on Friday that it will collaborate with GIZ (German Corporation for International Cooperation) to promote the expansion of renewable energy (RE) and a smooth energy transition.

Adani Green Energy receives LoA from UPPCL for 400 MW solar project
Adani Green Energy Ltd on Friday announced that its wholly-owned subsidiary Adani Renewable Energy Holding Twelve Ltd has received a Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL). The LOA, which was received by the company on March 27, 2025, is for the supply of 400 MW solar power from grid connected solar PV power projects to be developed in Rajasthan at a tariff of Rs 2.57/kWh for a period of 25 years.

India targets 100 GW nuclear energy by 2047, opens sector to private players: Jitendra Singh

New Delhi: The recently announced nuclear mission aims to generate 100 gigawatts (GW) of nuclear energy by 2047, Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh told the Parliament on Thursday.

US reciprocal tariffs an opportunity for India: Niti Aayog
The US president Donald Trump’s plan to impose reciprocal tariffs on trade partners will not adveresly affect India much, but create opportunities for the country in several sectors, Niti Aayog programme director Pravakar Sahoo said on Friday. Unlike Mexico, China and Canada, which account for 50% of the US’s total imports and face 20-25% tariffs, India is favourably placed, he said.

Rupee rises 33 paise to hit three-month high
The rupee surged 33 paise to close at 85.4625 against the US dollar on Friday, marking its highest level in three months, helped by strong foreign fund inflows.

India’s fiscal deficit touches 85.8% of full-year target at Feb-end
The Centre’s fiscal deficit touched 85.8 per cent of the annual target by the end of February 2025, according to the data released by the Controller General of Accounts (CGA) on Friday. In actual terms, the fiscal deficit — the gap between expenditure and revenue — was Rs 13,46,852 crore during the April-February 2024-25 period.

India's forex reserves rise to $658.8 billion, up $4.5 billion as of March 28
Forex reserves rises to over four-month high, jumps $4.52 billion to $658.8 billion