A cargo of crude oil from the United States is en route to Israel for the first time in nearly three years. The Aframax tanker, named Captain John, loaded approximately 550,000 barrels of West Texas Intermediate (WTI) crude oil in
Foreign exchange inflows under the Reserve Bank of Indias (RBI) special swap facility reached a total of $40.816 billion by the end of July, marking a significant increase from $20.718 billion just two weeks earlier. This nearly doubling of inflows
Indian Oil Corporation (IOC) has raised its spot crude oil purchases to approximately 84%, marking a significant strategic shift in its sourcing strategy. This adjustment comes in response to disruptions in supply routes from the Middle East, which have historically
The Samudra Manthan – National Offshore Exploration Scheme has been launched to harness Indias untapped offshore oil and gas resources. This ambitious initiative involves conducting extensive seismic surveys, engaging in deepwater exploration, and undertaking scientific drilling methodologies to accurately assess
### July 2026: Record Sales for Major Car Manufacturers in India In July 2026, Maruti Suzuki achieved its highest-ever domestic sales figures, recording a remarkable 241,000 units sold. This marks a significant 34% increase compared to the same month in
Cabinet Greenlights ₹84,084 Crore for Samudra Manthan Offshore Oil and Gas Exploration Project The Indian Union Cabinet has approved a substantial financial allocation of ₹84,084 crore (approximately $10.1 billion) for the Samudra Manthan initiative, a comprehensive offshore oil and gas
Foreign investors are increasingly returning to Indian equities following a period of considerable outflows. This renewed interest comes despite ongoing geopolitical uncertainties and rising oil prices, which continue to pose risks to the market outlook. Indias domestic economy is exhibiting
Indias Unified Payments Interface (UPI) has recorded its highest monthly transaction value to date, demonstrating continued growth and adoption of digital payment solutions. In July, UPI not only achieved this milestone but also set a new record in transaction volumes,
Indian Central Bank Attracts Significant Foreign Capital Inflows The Reserve Bank of India (RBI) has reported substantial capital flow measures, attracting nearly $41 billion in foreign capital since June 2023. This influx of funds is primarily attributed to the central
Prime Minister Modi Emphasizes India’s Commitment to Modernizing Education Infrastructure Prime Minister Narendra Modi recently spoke at the inauguration of the Viveka Smaraka at Sri Ramakrishna Ashrama in Mysuru, Karnataka. He highlighted the Indian governments commitment to modernizing educational infrastructure,
