NITI Aayog to outline green transition path, investment needs across power, transport, industry, construction
The Niti Aayog will soon firm up policy interventions as well as investments needed across key sectors of power, transport, industry and building and construction to help India in green energy transition and meet the national net-zero commitment by 2070.

Domestic hydrogen manufacturers seek purchase obligation to prevent assets from stranding
Representatives from India’s Hydrogen manufacturers have requested the centre to introduce Hydrogen Purchase Obligations (HPOs) and Demand Side support for Refineries and Ammonia Plants. A similar approach was adopted for promoting solar and wind energy in the country through renewable purchase obligations (RPOs) on power consumers.

India imposes anti-dumping duty on Chinese, Vietnamese solar glass
India has imposed an anti-dumping duty on imports of textured tempered glass from China and Vietnam—a key component in solar panels. The duty will be in effect for five years and will be calculated based on the difference between a reference price set by the government and the landed price of the glass.

De Beers to exit lab-grown diamond jewellery biz
 

IOCL urges calm as fuel panic buying begins amid India-Pakistan tensions
 

No need for panic buying: OMCs assure uninterrupted availability of auto fuels, LPG
 

Mine auction rules update in works to kickstart ops fast
New Delhi: The Centre is preparing a fresh set of amendments to Mineral (Auction) Rules, 2015 with an aim to cut the time between auction of mines and start of production.

Coal India to supply 4500 MW carbon-free energy to AM Green’s ammonia units
Coal India (CIL) plans to supply 4500 MW of carbon-free energy in a phased manner to the upcoming green ammonia facilities of AM Green. It will be through a combination of solar and wind, whose capacities CIL aims to set up on a pan-India basis, AM Green said in a statement.

Tariff advantage: ReNew sets sights on US market for solar modules
ReNew Energy Global Plc is betting big on export of solar modules, with the expectation of major gains in the US market, as competitors from southeast Asian nations face additional tariff barriers.

Karnataka inks MoU with GAIL for 1 GW renewable energy project
 

Rupee logs sharp weekly fall as India-Pakistan conflict intensifies
The Indian rupee declined this week as the conflict between India and Pakistan intensified, hurting local equities and sovereign bonds, while likely intervention by the central bank on Friday helped shield the South Asian currency. The rupee closed stronger on the day at 85.37 against the U.S. dollar. It had weakened to a near one-month low of 85.8425 in early trading before the Reserve Bank of India stepped in to support the rupee, per traders. The currency declined 0.9% on the week.

Sensex closes below 80,000 for the first time in May, Rs 4 lakh crore wiped out amidst rising India-Pak tension – 6 Key highlights
The benchmark indices Sensex and Nifty ended sharply lower on Friday, as rising tensions between India and Pakistan sent shockwaves across Dalal Street. The Sensex closed at 79,454.47, falling 1.10%, while the Nifty slipped to 24,008.00, down 1.10%.

India upgraded to ‘BBB’ with a ‘Stable’ trend in rating by Morningstar DBRS
https://economictimes.indiatimes.com/news/economy/indicators/indias-forex-reserves-fall-to-686-billion-down-2-billion-as-of-may-2/articleshow/121032919.cms