Author name: ProfitNama

Bharat Petroleum plans to invest ₹1,400 cr in green aviation fuel units, potentially transforming the aviation and energy sectors. Source and Citation: Kalpana Pathak, ET Bureau, published June 18, 2024. TLDR For This Article: Bharat Petroleum Corporation Limited (BPCL) aims to establish sustainable aviation fuel (SAF) production facilities at its refineries to meet government blending […]

Dive into the India-EU steel trade dispute at the WTO and understand its potential impacts on global and local markets. Source and Citation: Kirtika Suneja, ET Bureau, published June 18, 2024. TLDR For This Article: India and the European Union have not reached an agreement regarding the EU’s safeguard measures on steel imports at the

Explore how India’s move to bio-bitumen from biomass could transform road construction and reduce import dependency. Source and Citation: Yogima Seth Sharma, ET Bureau, published June 18, 2024. TLDR For This Article: India is pioneering the use of bio-bitumen, produced from agricultural waste, aiming to cut imports and tackle the stubble burning issue, with potential

Explore the reasons behind India’s decreased LNG imports in May and its implications for industries and investors. Source and Citation: Sanjeev Choudhary, ET Bureau, published June 18, 2024. TLDR For This Article: In May 2024, India’s LNG imports decreased by 7.2% due to stagnant demand and increased domestic production, despite rising global LNG prices. Analysis

Source and Citation: Shilpa Samant, ET Bureau, published June 18, 2024. TLDR For This Article: India plans to add 30-35 gigawatts (GW) of renewable energy capacity in FY25, which surpasses the previous year’s addition and aims to support the country’s ambitious 2030 target. Analysis of this news for a layman: India is stepping up its

Source and Citation: Anuradha Shukla, ET Bureau, published June 18, 2024. TLDR For This Article: The Indian government plans to maintain its subsidy allocation at ₹4.1 lakh crore for the fiscal year 2024-25, aiming to meet fiscal targets while supporting key sectors like agriculture and energy. Analysis of this news for a layman: The government’s

Analyzing the potential impacts of the EU’s proposed anti-dumping duties on Indian optical fibre cable manufacturers. Source and Citation: ET Bureau, published June 18, 2024. TLDR For This Article: The European Commission is considering imposing anti-dumping duties ranging from 8% to 11.4% on ten Indian optical fiber cable (OFC) manufacturers, potentially affecting their exports to

Exploring the legal battle between Pidilite and Astral over product container design and its implications for the industry. Source and Citation: Maulik Vyas, ET Bureau, published June 18, 2024. TLDR For This Article: The Bombay High Court has granted Pidilite temporary relief in its design infringement case against Astral, impacting the packaging strategies of both

State governments are enhancing infrastructure to support India’s burgeoning semiconductor industry, particularly through worker housing initiatives. Source and Citation: Aashish Aryan and Dia Rekhi, ET Bureau, published June 18, 2024. TLDR For This Article: State governments in Assam, Gujarat, and Tamil Nadu are providing crucial infrastructure support, including subsidized land and housing, to foster the

Source and Citation: Reuters, last updated June 18, 2024. TLDR For This Article: Gold prices decreased due to rising U.S. Treasury yields and anticipated comments from Federal Reserve officials. The market is closely monitoring upcoming U.S. economic data to gauge future monetary policy directions. Analysis of this news for a layman: Gold prices fell slightly