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Welspun Wins $580 Million US Gas Pipeline Order

By Uniquetimesorg October 23, 2026 0

India’s Welspun Corp has secured an order worth approximately ₹55 billion ($580.3 million) through its US subsidiary to supply coated steel pipes for a natural gas pipeline project in the Permian Basin, a major oil-producing region in the United States. The project highlights the growing demand for energy infrastructure as technology companies expand their data […]Continue Reading

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India Shelves Coal Import Mandate for Power Plants, Report Says

By Uniquetimesorg October 19, 2026 0

India has reportedly shelved a proposal to make coal imports mandatory for power plants, according to Bloomberg News, which cited people familiar with the matter. The government had discussed requiring power stations to blend imported coal with domestic supplies to address declining fuel stockpiles and ease supply pressures. Reuters said it could not immediately verify Continue Reading

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L&T Technology Services Expects Strong H2 as Revenue and Profits Rise

By Uniquetimesorg October 19, 2026 0

India’s L&T Technology Services expects a strong second half of fiscal year 2027, supported by a growing order backlog and the execution of major deals secured in recent quarters. The engineering and technology services company reported consolidated revenue of ₹30.4 billion for the quarter ended September 30, 2026, up from ₹27.13 billion in the same […]Continue Reading

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India Stops Sugar-Based Ethanol Diversion for 2026/27

By Uniquetimesorg October 17, 2026 0

India has directed oil marketing companies to reduce sugar diversion for ethanol production to zero for the 2026/27 supply year, beginning in November. The latest tender excludes ethanol produced from sugarcane juice, sugar syrup and B-heavy molasses, as the government prioritises domestic sugar availability amid concerns over falling production. The oil marketing Continue Reading

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RBI Drains Nearly $20 Billion From Surplus Liquidity

By Uniquetimesorg September 29, 2026 0

The Reserve Bank of India has absorbed an estimated $20 billion in excess rupee liquidity from the banking system through foreign exchange operations, according to two bankers. The RBI has used dollar-rupee sell-buy swaps, spot dollar sales, bond sales and variable-rate reverse repos to manage surplus funds. The measures, combined with tax outflows, have sharply […]Continue Reading

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India Targets 600 Million Tons of Steel Capacity by 2047

By Uniquetimesorg September 29, 2026 0

India’s new steel policy targets 600 million metric tons of steelmaking capacity by 2047, according to Steel Secretary Sandeep Poundrik. The draft policy is intended as a roadmap for the sector over the next two decades and is expected to be released publicly soon. India’s steelmaking capacity stood at about 220 million tons in fiscal […]Continue Reading

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Akasa Air in Talks for 200+ Boeing 737 MAX Jets

By Uniquetimesorg September 25, 2026 0

India’s Akasa Air is in talks with Boeing to order more than 200 Boeing 737 MAX aircraft, Bloomberg News reported, citing people familiar with the matter. A decision on the potential order is expected early next year, with final terms likely to be concluded in the second half of 2027. The proposed purchase would support […]Continue Reading

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Peru Awaits India Response as Trade Deal Talks Near Final Stage

By Uniquetimesorg September 12, 2026 0

Peru is awaiting India’s response to a counterproposal as negotiations for a free trade agreement enter their final stage, Trade Minister Rogers Valencia said. Lima hopes the agreement can be finalised and signed in 2027, after negotiations between the two countries began in 2017. India has emerged as the second-largest destination for Peruvian exports this […]Continue Reading

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Indian Oil Boosts Spot Crude Purchases Amid Middle East Supply Disruptions

By Uniquetimesorg August 1, 2026 0

Indian Oil Corporation (IOC), India’s largest oil refiner, has significantly increased its spot crude purchases to offset supply disruptions from the Middle East, according to the company’s finance head, Anuj Jain. Spot purchases have risen from 50% to nearly 84% as the company continues to monitor global developments and adjust its sourcing strategy. The shift Continue Reading

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Adani Enterprises Reports Quarterly Loss After US Settlement Charge

By Uniquetimesorg July 29, 2026 0

Adani Enterprises reported a consolidated net loss of ₹11.60 billion for the quarter ended June 30, mainly due to a one-time ₹26.44 billion charge linked to a settlement with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) over an investigation involving the shipping of Iranian gas. This marks the company’s second consecutive quarterly loss. […]Continue Reading