India launches green hydrogen certification scheme to boost transparency, credibility
The government on Tuesday launched a green hydrogen certification scheme for producers. Renewable energy minister Pralhad Joshi said the scheme is a step towards creating a framework for certifying green hydrogen production and ensuring transparency, traceability and market credibility.

ArcelorMittal Nippon Steel reports 67.6% drop in earnings, Exide PAT falls 11%
ArcelorMittal Nippon Steel India (AM/NS India) reported a 67.6 per cent drop in earnings before interest, tax, depreciation and amortisation (EBIDTA) at $101 million in the three months ended March from $312 million in the year-ago period, on the back of lower steel shipments and unfavourable market conditions.

Arcelor Mittal warns of trade disruptions while Steel prices rise
 

Gold shines brighter than ever in Kerala on Akshaya Tritiya despite soaring prices
Kochi: Kerala once again reaffirmed its enduring love affair with gold this Akshaya Tritiya, as families across the state flocked to jewellery showrooms, undeterred by record-high prices. Despite gold reaching ₹8,980 per gram — a 34% jump from last year’s ₹6,700 — caution was nowhere to be seen. Instead, Kerala chose celebration.

No gold rush on Akshaya Tritiya
Gold, which has traditionally been India’s go-to asset, lost its sheen on Akshaya Tritiya, as prices have risen over 30% in the past one year. Sales estimates vary – some jewellers said volumes plummeted 30% on Wednesday while others pegged it at 15% lower than the Akshaya Tritiya in 2024. In value terms, the consensus estimate is an average 10% increase.

HPCL, ADNOC Trading ink their first LNG trading supply agreement
This agreement marks a significant step in the strategic partnership between the two organisations, fostering energy security and sustainability, the State-run oil marketing company (OMC) said.

Oil drops, poised for biggest monthly fall in three years
Oil prices extended declines on Wednesday and were set for their largest monthly drop in more than three years as the global trade war eroded the outlook for fuel demand, while fears of mounting supply also weighed.

Adani TotalEnergies, Jio-bp, JBM eye Fortum's EV charging biz
New Delhi: Finnish state-run energy power utility Fortum Oyj’s efforts to offload a majority stake in its electric vehicle (EV) charging network business in India has zeroed in on three potential suitors–Adani TotalEnergies E-mobility Ltd (ATEL), Reliance BP Mobility Ltd (Jio-bp) and Gurugram-headquartered electric bus manufacturer JBM Group–according to two people aware of the development. 

Indian Oil agrees to five-year LNG deal with Trafigura, sources say
Indian Oil Corp, the country's top refiner, has agreed to a five-year liquefied natural gas (LNG) import deal with trader Trafigura, with prices linked to the U.S. Henry Hub benchmark, three trade sources said on Wednesday.

Cygni Energy commissions Phase-I of BESS Gigafactory with 4.8 GWh of high-capacity
 

Inox Green ventures into solar O&M with 675 MWp project deal
 

Indian Oil's net profit jumps 50% to Rs 7,625 crore in Q4FY25; Rs 3 announced as dividend
 

IOC net profit rises 53% in Q4 FY25; combined sales surpass 100 mt
 

Govt to revise EV charging costs under e-drive scheme
The Centre has started inter-ministerial consultations to revise the cost of electric vehicle (EV) charging infrastructure under the PM E-drive scheme, the first such revision in nearly three years, two people aware of the matter said. 

Aramco to pick 20% each in new Andhra and Gujarat refineries
Saudi Aramco may pick up 20% stakes each in the two new large refineries being planned by India’s state-run ONGC and BPCL on the country’s west and east coasts respectively. The move would end the long wait for the world’s largest oil and gas company’s entry into India as an investor. Aramco has been one of the major exporters of crude into the country for decades, and downstream investments in the country are seen to cement the ties.

Adani Power generates 20% more power in 2024-25 at 102.2 billion units
Ahmedabad:  Adani Power Limited has generated 102.2 Billion Units of power in the just-concluded financial year 2024-25, up by 19.5 per cent from 85.5 BU in 2023-24, the company's earnings results released Wednesday showed.

Firms lukewarm to capital expenditure on green energy in FY25: NSO
 

Metals range-bound as trade tensions soften; US data in focus
London metals moved in a tight range on Wednesday as trade tensions between the U.S. and China showed signs of easing, while investors awaited U.S. economic data to gauge the Federal Reserve's monetary policy outlook.

Markets end flat, Nifty holds 24,300; Volatility index rises 6.5% amid growing India-Pak tension – 5 key highlights
The domestic key equity indices closed on a flat note for the second consecutive session. However, the volatility index has sharply risen in today’s trade by 6.5% to 18.49 level in the midst of Indo-Pak tension rising after the Pahalgam terror attack in India’s union territory, Jammu & Kashmir. 

Rupee breaches 85/$ mark, hits 2025 highs
Rupee has hit a high of 84.78 per dollar. This is the highest level since the beginning of 2025, driven by renewed geopolitical tensions and increased demand for the US dollar, which together exerted pressure on the local unit. Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market leading to the rupee weakness. However, foreign fund inflows and crude oil prices cushioned the downside for the domestic unit.