ENERGY IMPORTS
Goyal in Egypt: Both sides to discuss increasing cooperation in infra, mnfg, logistics
Commerce and Industry Minister Piyush Goyal will visit Egypt for two days to enhance trade relations. He will engage in discussions to facilitate business participation in each other's markets and review the progress of bilateral trade. Over 140 Indian business leaders will accompany him to explore opportunities in various sectors. Meetings with Egyptian officials and business representatives are scheduled to reinforce economic cooperation.
Rs 37,500 cr coal gasification push: CDEP-CWS study identifies priority chemicals to cut import
A study suggests India focus on coal-derived hydrogen, synthetic natural gas, and methanol to reduce imports. The government's initiative has a budget of Rs 37,500-crore aimed at boosting coal gasification. Investments should prioritize products that promise economic returns and reduce import dependence. The plan aims for 100 million tonnes of coal gasification capacity by 2030. India's experience may benefit from insights derived from China's coal-to-chemicals industry.
India clocks record $89.99 billion exports in October, but merchandise trade deficit hits 1-year high
India's total exports surged 29.9% year-on-year to approximately $90 billion in October 2026. Merchandise exports hit a record high of nearly $50 billion, showing significant growth during the month. However, imports also increased sharply, leading to a merchandise trade deficit of approximately $40 billion. This situation reflects ongoing challenges with rising import dependence and fluctuating global energy prices.
India seeks to triple clean energy capacity to 900 gigawatts by 2035, but major hurdles remain
India has announced an ambitious goal to install 900 gigawatts of clean energy by 2035. The government has approved nearly $20 billion to improve power grid infrastructure. Experts emphasize that grid enhancements are crucial for this energy transition. While coal remains a significant energy source, the shift toward renewables is essential. Meeting future demands will require integrated solutions for electricity generation and storage.
Rising middle-class aspirations drive demand, create jobs and fuel economic growth: PM Modi
Prime Minister Narendra Modi said rising aspirations among India’s expanding middle class are driving consumer demand, job creation and economic growth. Speaking after launching projects worth ₹15,000 crore in Bengaluru, he highlighted tax relief and GST cuts aimed at boosting household savings and disposable income.
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Numerology Prediction Today For November 14, 2026: A Day of Change, Opportunity and Emotional Understanding
The numerology horoscope for November 14, 2026, is shaped by Date Number 5 and Universal Day Number 8. Number 5 brings themes of communication, adaptability and new opportunities, while Number 8 is linked with ambition, money and responsibility. Together, these influences favour practical thinking, confident discussions and clear professional goals. Check your Birth Number prediction to see how the day may affect your career, finances, relationships and personal decisions, and help you use opportunities wisely.
India’s October merchandise trade deficit widens to one-year high of $39.88 billion as imports surge
India's merchandise trade deficit widened to $39.88 billion in October, surpassing economists' forecasts. Exports rose to $49.47 billion from $44.40 billion, while imports increased to $89.35 billion. The trade figures reflect pressures from high import costs, particularly in energy markets amid global uncertainty. India imports nearly 85% of its crude oil, impacting the overall trade balance significantly.
How US tech pain is European stock markets' gain
European stock markets, particularly the STOXX 600, are performing well as tech turmoil affects global markets. This relative stability is attributed to Europe's lower exposure to tech giants compared to the US market. Companies in sectors such as energy and financials are supporting earnings growth, which is on track for 25% quarterly profit. Investors remain cautious, noting that broader market selloffs could still impact Europe.
Razorpay, Sembcorp Green Infra get Sebi nod to float IPOs
Razorpay Software Ltd and Sembcorp Green Infra recently received approval from Sebi for their initial public offerings, marking a major milestone in their growth journeys. Razorpay aims to secure Rs 5,000-6,000 crore to enhance its financial services platform, while Sembcorp Green Infra plans to raise Rs 3,750 crore to bolster its renewable energy initiatives.
China rules out hosting 2028 UN climate talks: Report
China has ruled out hosting the UN climate talks in 2028 after considering the option for months. Another Asian-Pacific nation may now have the opportunity to host COP33 due to this decision. Earlier, India had withdrawed from hosting this event, while South Korea has expressed interest. The upcoming climate talks will assess global progress on climate action and evaluate the goals of the Paris Agreement.
Modi says energy security steps taken over last decade helped India weather West Asia crisis
Prime Minister Narendra Modi inaugurated various welfare projects worth over Rs 15,600 crore in Bengaluru. These projects include initiatives related to renewable energy and petroleum infrastructure. Modi emphasized the importance of energy security amid the ongoing crisis in the Middle East. The Prime Minister also dedicated the Metro Pink Line to the public for improved connectivity.
Neo-middle class driving India’s demand, jobs & economic growth: PM Modi
Prime Minister Narendra Modi on Friday said rising aspirations and spending power of India’s expanding middle class are driving demand, creating jobs and supporting economic growth.
Jindal Power gets $470 million loan for Botswana project
Jindal Power Ltd. has acquired a $470 million loan to fuel its ambitious power project in Botswana. The financing is backed by three Indian banks, alongside participation from international institutional lenders. This initiative aligns with Jindal's previous international expansion efforts and leverages Botswana's extensive coal resources, which are essential for catering to local electricity requirements.
Wars, energy security reshape global climate debate at COP31
COP31’s Leaders’ Summit highlighted a shift in how climate action is being viewed, with governments increasingly linking it to economic and energy security amid geopolitical tensions, wars and rising energy costs. Leaders warned that weaker international cooperation and competing priorities around tariffs and security could undermine efforts to curb emissions, while UN officials stressed that climate action can help ease inflationary and fiscal pressures. With nearly 70 heads of state and government attending, the summit also underscored the growing importance of climate finance and international cooperation.
Numerology Prediction Today for November 13, 2026: A Day of Discipline, Transformation and Financial Awareness
November 13, 2026, combines the steady influence of Date Number 4 with the thoughtful energy of Universal Day Number 7. In numerology, Number 4 is linked with discipline, order and practical effort, while Number 7 highlights research, intuition and careful thinking. This combination may encourage you to review your plans, organise finances and handle important tasks patiently. Read your Birth Number prediction to understand what this date may bring for work, relationships and personal growth.
ReNew bets Rs 80,000 cr on Andhra Pradesh’s green data centre, clean energy push
ReNew Energy Global Plc will make significant investments in Andhra Pradesh, focusing on clean energy and digital infrastructure. The company plans to establish a 1 GW green hyperscale data centre in Anakapalli and develop polysilicon manufacturing facilities. Additionally, it aims to set up a permanent magnet manufacturing facility in Rambilli, increasing domestic manufacturing capabilities. ReNew will also collaborate with the Andhra Pradesh government on technical skilling initiatives.
European stocks hit record highs on strong earnings, lower oil prices
European stocks hit fresh record highs, supported by strong corporate earnings, easing geopolitical tensions and lower oil prices. The region's limited exposure to AI-linked stocks has also helped it outperform US equities amid concerns over technology valuations.
India’s Russian fossil fuel imports hit record €6.4 billion in October: CREA
India was the world’s second-largest buyer of Russian fossil fuels in October, with purchases hitting a record €6.4 billion, according to CREA, as crude oil imports rose across major Indian refineries. Higher global oil prices also lifted Russia’s overall fossil-fuel export revenues to their highest monthly level since December 2022, despite Western sanctions and price caps.
Renewables helped India save over $100 billion in fuel imports since 2011: IEA
India's expansion of renewable energy capacity has helped the country avoid more than USD 100 billion in coal and natural gas import costs between 2011 and 2025, highlighting the economic and energy security benefits of generating more electricity domestically, according to a report by the International Energy Agency (IEA).
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Energy infra startups see bigger cheques as investors bet on sovereign play
Bengaluru-based Enerzolve, which makes smart meters, power conversion systems and energy storage systems, is in talks to raise $20 million from existing investors Jungle Ventures and Kae Capital as well as Schneider Electric, people aware of the matter told ET. That’s nearly four times the $5 million it raised in a January round.
India's renewable energy expansion averts $100 bn in fuel imports, savings seen at $240 bn by 2030
The findings underline the growing economic and energy-security dividends of India's renewable energy transition, with increased domestic electricity generation reducing exposure to imported fossil fuels and volatility in international energy markets.
Karnataka plans feasibility studies for 1,500 MW floating solar capacity
Karnataka is currently exploring the establishment of floating solar power projects aimed at generating 1,500 MW capacity. The initiative includes conducting feasibility studies and surveys for suitable reservoirs and water bodies. KPCL will evaluate technical aspects and environmental impacts as part of project preparation. This project reflects the state's commitment to innovative renewable energy solutions while optimizing land and water resources.
India's battered rupee finds an unlikely rescue party in cheaper oil and Wall Street's AI rout
As crude oil prices fall, India's import costs see a positive shift, bolstering the rupee's steadiness. The return of foreign portfolio investors to the Indian equities market, following significant sell-offs in October, has led to the rupee appreciating against the dollar. Enhanced energy supply is expected to mitigate inflation risks, contributing to a potential stabilization range of ₹92 to ₹93 per dollar for the currency.
India weighs replacing old wind turbines to boost capacity by 50% without acquiring land
India is exploring a plan to replace ageing, smaller wind turbines with larger, more efficient machines to increase generation at existing sites without acquiring additional land. The Indian Wind Turbine Manufacturers Association estimates that 5-8 GW of old wind capacity could be repowered immediately, potentially raising capacity at these sites by nearly 50%. The initiative is being discussed with states including Gujarat, Maharashtra and Karnataka as India seeks to accelerate wind power deployment and meet its clean energy targets.
When wars and AI cast a shadow, India has pressed a power reset
India’s renewable energy expansion is reshaping its energy security, cutting dependence on imported coal and natural gas as wars, oil supply disruptions and AI-driven electricity demand put pressure on power markets. An International Energy Agency report says clean energy saved India over $100 billion in fuel imports between 2011 and 2025, with cumulative savings potentially reaching $240 billion by 2030.
AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
Renewable energy could save India $240 billion in coal, gas imports by 2030: IEA
The savings are expected to increase as solar and wind power displace imported fossil fuels, with annual savings projected to reach around USD 35 billion by 2030, exceeding India's actual non-coking coal and natural gas import bill in the financial year 2024-25.
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