Maruti's standalone net sales grew by 6% year-on-year as well as sequentially in the March 2025 quarter to ₹38,848.8 crore while net profit declined by 4% year-on-year but increased 5% sequentially to ₹3,711.1 crore. After rising to 11.1% in the June 2024 quarter from 10.8% in the March 2024 quarter, operating margin (EBIT margin) declined gradually to 8.7% in the March 2025 quarter due to higher manufacturing overheads and administrative expenses, new plant costs, increased advertising spend and adverse commodity prices.
A massive explosion at Iran's Bandar Abbas port, a major container hub, has resulted in at least 40 fatalities and over 1,200 injuries. While the exact cause is under investigation, mishandling of chemicals is suspected, though the government denies claims of missile-related materials.
Ambuja Cements, part of the Adani Group, has achieved a production capacity of 100 MTPA. The company aims to expand to 118 MTPA by FY26 and 140 MTPA by FY28. Ambuja Cements is partnering with Coolbrook to reduce fossil fuel dependency. The company is also focusing on renewable energy, targeting 60% green power usage by FY28.
Oil prices saw a rise early Tuesday. Investors bought to cover losses from the previous day. Concerns remain about tariffs and US monetary policy. These factors could reduce fuel demand. Brent crude futures and US West Texas Intermediate crude both increased. Progress in US-Iran nuclear talks had previously eased supply worries.
The crucial National Highway linking Kashmir to the rest of India remains closed for a second day due to debris in the Ramban area, causing widespread disruption and triggering panic buying. Heavy rainfall and cloudbursts led to flash floods and landslides, resulting in casualties and damage to villages.
David Chang's culinary exploration in India led him to appreciate the traditional use of cow dung as fuel, influencing the slow and gentle cooking methods. While controversial, cow dung has historical significance as fuel and fertilizer, facing criticism and evolving with changing agricultural practices. Despite declining usage, its impact on Indian cuisine remains undeniable.
Economist Noah Kaufman discusses the complexities of America's energy transition, highlighting the decline of coal despite federal rhetoric. He emphasizes the need to address the economic vulnerabilities of fossil fuel-dependent communities, particularly oil and gas regions often overlooked in climate policies. Kaufman also warns that potential tariffs and US disengagement from global climate agreements could hinder progress.
Chinese researchers have tested a new hydrogen bomb that uses magnesium hydride to create a sustained fireball without nuclear materials. This weapon's high heat intensity allows for targeted destruction of military assets. Alongside this breakthrough, China continues to modernise its military with renewable energy, including hydrogen and methane-based technologies, as part of its broader defence strategy, especially amid escalating tensions over Taiwan.
This protectionist approach risks setting back the energy transition by a decade, hindering the competitiveness of renewables against gas.
Hyundai Motor India has partnered with Indian Oil Corporation to explore the feasibility of hydrogen fuel cell vehicles in India. A Hyundai NEXO FCEV has been handed over to IndianOil for real-world testing over two years, covering 40,000 km. The collaboration includes a Total Cost of Ownership assessment to evaluate the economic and environmental benefits.
Delhi's air quality is set for a boost as the CAQM mandates fuel denial for older vehicles. Starting July 1, fuel stations in Delhi must use ANPR cameras to identify and refuse fuel to diesel vehicles over 10 years old and petrol vehicles over 15 years old.
A new study estimates that the world's largest corporations have caused 28 trillion dollars in climate damage. Dartmouth College researchers calculated pollution from 111 companies. Top polluters include Saudi Aramco, Gazprom, and Chevron. The study aims to hold companies accountable, similar to tobacco firms. Researchers traced climate hazards back to specific emitters. The findings could impact climate liability lawsuits.
Companies like Osaka Gas are showcasing these technologies, aiming for carbon neutrality by capturing and reusing CO2. Critics argue this approach delays the necessary shift to renewable energy and may increase air pollution.
US strikes on a Yemeni fuel port killed at least 74 people, Huthi rebels said Friday, in the deadliest attack of Washington's campaign against the Iran-backed group. The attack sparked protests in rebel-held areas on Friday.
India is considering establishing a regulatory authority to oversee the nuclear fuel supply chain and waste management, aiming to prevent misuse as the nation expands its nuclear energy capacity. Amendments to the Atomic Energy Act are underway to facilitate private sector participation while ensuring stringent oversight of fuel import, utilization, and disposal, aligning with global safety standards.
The Trump administration has proposed sweeping changes to NOAA’s mission, aiming to eliminate its climate research efforts and redirect focus toward US fossil fuel development. A leaked OMB budget memo outlines plans to dissolve key climate-related offices, slash funding, and shift conservation duties to other agencies—prompting concern among scientists and former NOAA officials about long-term environmental consequences.
Reliance Industries (RIL) and its British partner BP boosted their share in the domestic aviation turbine fuel (ATF) market by 2.5 percentage points, spurred by a 62% sales growth in the just-ended fiscal year. RIL-BP's market share rose to 7.5% in 2024-25 from 5% in previous year, according to industry data.
U.S. airstrikes on the Ras Isa fuel port in Yemen resulted in at least 38 deaths and 102 injuries, according to Houthi media. The U.S. military stated the strikes aimed to weaken the Houthis' economic power, who have been attacking Red Sea shipping since November in protest of the war in Gaza.
The Congress party is demanding a special Parliament session to address rising inflation, criticizing the Centre's excise duty hikes on petrol and diesel, along with increased LPG cylinder prices. Alka Lamba, head of the party's women's wing, urged immediate price reductions for essential commodities and a relief package for women and the poor.
Following a tragic bus accident that killed two students, the Jammu and Kashmir government has banned school and college picnics on weekends and holidays. Education Minister Sakeena Itoo has mandated CCTV cameras and fire safety equipment in school buses. Drives against traffic violations will be launched, and parents will be held responsible for reckless driving by minors.
Despite rumors fueled by helicopter rides and a Valentine's Day dinner, Tom Cruise and Ana de Armas are reportedly not dating. Sources indicate their meetings are centered around discussing potential collaborations on future projects. De Armas is currently in a relationship with Manuel Anido Cuesta, further dispelling the romantic speculation surrounding her and Cruise.
SpiceJet CMD Ajay Singh urges government-industry collaboration to boost sustainable aviation fuel (SAF) production, crucial for emission reduction. He proposes locating SAF refineries near airports to cut transportation costs and integrating SAF production into existing oil refineries. Singh emphasizes the need for significant incentives and logistical support to scale up SAF production from 0.
Government hikes excise duty on petrol, diesel and LPG prices amid falling international crude oil prices
The European Commission is set to unveil its detailed strategy for phasing out Russian oil and gas imports on May 6th, following previous delays. While pipeline gas deliveries have decreased since 2022, the EU's reliance on Russian LNG persists, with some nations hesitant to impose sanctions without securing alternative supplies. Increased LNG purchases from the U.S.
India's Wholesale Price Index (WPI) inflation is projected to decrease to 2.1% in March 2025, according to a Union Bank of India report. This moderation is primarily attributed to a seasonal drop in food prices, particularly vegetables. While edible oil and sugar prices saw slight increases, declining fuel costs are expected to contribute to the overall easing of WPI.
Struggling to fall asleep because your mind won’t stop racing? A doctor on TikTok has gone viral for sharing the ‘Infinity Tracing Technique’—a curious yet calming trick designed to lull overactive brains into rest. It involves nothing more than a finger, your eyes, and a little bedtime magic. Here’s how it works—and why it might just help you sleep faster tonight.
The amount of plastic being recycled around the world is stagnant at less than 10 percent with most new plastic still made from fossil fuels, a new study said Thursday. The rest was produced from fossil fuels, predominantly oil and gas, demonstrating "little progress" in addressing environmental concerns related to plastics production.
According to industry data, private players grew both their combined domestic diesel and petrol retail sales by 19.7% year-on-year in FY25. By comparison, state-run companies' combined diesel sales dropped by 0.6%, while petrol grew by 6.4%. The overall sales growth for private and public retailers combined was 7.5% in petrol and 1.2% in diesel.
Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday. A majority of members -- 63 states -- voted for the carbon pricing system, including the European Union, Brazil, China, India and Japan.
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