SC scraps JSW Steel’s ‘illegal’ Bhushan Power and Steel deal, orders liquidation
Supreme Court rejects JSW’s `19,700 cr bid for Bhushan Steel

Big blow: SC rejects JSW Steel's Bhushan Power and Steel resolution plan
In a big setback, the Supreme Court on Friday rejected JSW Steel's resolution plan for Bhushan Power and Steel, and further ordered ordered the liquidation of the steelmaker.

SAIL Chairman advocates for Green Steel at C3 Summit 2025
 

BPCL to re-start Mozambique LNG project by July
State-owned Bharat Petroleum Corporation (BPCL) expects to resume operations with resolution of the force majeure in its long-delayed Mozambique LNG project by July 2025, the company’s director finance, V.R.K. Gupta said on Friday. The development comes as the Indian oil and gas companies plan to expand their upstream expansion amid growing energy demand.

Sanjay Khanna takes over the additional charge of Chairman & Managing Director of BPCL Today
 

Coal production in April recorded at 14.01 MT, dispat at 16.81 MT
 

Adani Power eyes capex of Rs 13,000 crore in FY26
Adani Power is looking to increase its capital expenditure by over 60% to Rs 13,000 crore in the current financial year, as it aims to ramp up its capacity from 17.5 GW to 30.67 GW by 2029-30. In FY25, the company invested Rs 8,000 crore.

Anil Ambani’s Reliance Power to invest Rs 10,000 cr for Asia’s largest solar-BESS project
Reliance Power Arm signs 25-year PPA with SECI to develop Asia’s largest solar & battery energy storage system project
The Financial Express

GE Vernova secures large transformer, shunt reactor order from Power Grid
 

Reliance Power to invest Rs 10K cr for Asia's largest solar-BESS unit
 

KSB Limited posts solid Q1 2025 results with sustained growth and stability
 

Rupee surges: Breaches 84/$, wipes out all losses since Trump’s election win
The rupee is literally on a roll. The currency is up nearly 1% intra-day and has breached the psychologically important 84/$ levels. These levels were last seen in June 2024. The currency has now wiped out all losses since Donald Trump won the US Presidential elections in November 2024. Traders are citing strong dollar inflows and short-covering amid rising hopes of a U.S.-India trade deal.

S&P cuts India’s FY26 GDP growth forecast to 6.3%
S&P Global Ratings on Friday cut India’s growth projections from 6.5% to 6.3% for 2025-26 citing uncertainty over the US tariff policy and downside risks from its spillover to the economy.

Trade deal with US to place India favourably in global trade: Arvind Panagariya
Emphasising that the country will come out stronger from the ongoing tariff uncertainty, 16th finance commission chairman Arvind Panagariya said on Friday that a bilateral trade deal with the US would position India “incredibly favourably” in the global trading landscape.

Markets end flat after choppy session, Sensex closes down 600 points from Intra-day highs; Nifty below 24,400 – 5 key highlights today
After a choppy session through the trading day, Indian stock markets wrapped up the week on a positive note. The Sensex ended the day at 80,501.99, up 0.32%, after briefly surging nearly 900 points earlier in the session. The Nifty 50 also finished in the green at 24,346.70, gaining 0.05%. Meanwhile, the Nifty Bank closed at 55,115.35, marking a rise of 0.05%..

India’s foreign exchange reserves hit over six-month high
 India’s foreign exchange reserves rose for an eighth consecutive week and stood at an over six-month high of $688.13 billion as of April 25, according to data released by the central bank on Friday.