ENERGY TRADING
Adani Energy Solutions acquires IntelliSmart Infrastructure for Rs 3,050 crore
Adani Energy Solutions completed the acquisition of IntelliSmart Infrastructure for Rs 3,050 crore. This deal includes acquiring 100 percent equity share capital and redeeming convertible debentures held by NIIF. IntelliSmart provides advanced metering infrastructure and smart gas meters in India. The acquisition was approved by the Competition Commission of India in October. Adani Energy Solutions is part of the Adani Group and focuses on electricity transmission and distribution.
What is ASEAN and why does the bloc matter amid global tensions?
Major powers will join a summit next week of Southeast Asian nations hosted by the Philippines against one of the most complex backdrops for the regional bloc, from the Iran war that has battered economies to the growing US-China rivalry.
Use FTAs to build joint ventures, explore investment opportunities: CII President to industry
R Mukundan, the CII President, stressed the crucial role of Free Trade Agreements (FTAs) in fostering joint ventures and enhancing investment prospects. He noted India's resilient economic growth, even faced with global challenges like geopolitical tensions and elevated energy prices. The broadened scope of India's FTAs promises to enrich economic interactions and spur advancements in emerging technologies such as AI and biotechnology.
Clean energy gains fail to lift India's climate ranking
India's renewable energy initiatives have progressed, yet the country has dropped in the Climate Change Performance Index rankings. While India met its non-fossil fuel targets ahead of schedule, the challenge of generating electricity persists. The report highlights progress in solar and wind energy capacities and emphasizes the need for better storage solutions. Experts suggest that India should establish new, more ambitious goals for renewable energy.
India's growth gets further votes of confidence as Moody's raises FY27 forecast to 7% from 6.5%
Moody's Ratings has raised India's economic growth forecast for 2026-27 to 7% from 6.5%. This adjustment reflects the nation's strong consumption and improving investment dynamics. Despite potential challenges such as policy interest rate hikes, consumption remains crucial for growth. Additionally, SBI Research predicts a growth of 7.8% for India in the July-September quarter. Improving economic indicators suggest a strong recovery might be underway, supporting a new cycle of private investment.
US-Iran war to cost Gulf states $790 billion until 2030: Allianz Trade
Beyond physical damage to energy infrastructure, the war has affected other sectors like tourism and real estate, which will see slower growth over the years.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets extended their winning streak to nine consecutive regular sessions on November 11, with Sensex rising 773 points and Nifty gaining 210 points. Strong broader market participation, renewed buying interest and positive investor sentiment supported the rally.
European shares rise as Siemens Energy forecast lifts AI optimism; inflation concerns persist
European shares opened higher, supported by positive forecasts from Siemens Energy and CoreWeave, which eases AI investment concerns. The pan-European STOXX 600 index rose significantly, nearing record highs from August. However, inflation concerns, increased oil prices, and some stock losses tempered broader market optimism. Notable declines were seen in companies like Vestas and CSG due to disappointing profit forecasts.
China is building inside Europe's trade walls, deepening its grip on critical industries
(The opinions expressed here are those of the author, the director of the Geoeconomics Program of the Center for the Study of Democracy)- China doesn't
Trump's midterm poll setback won't derail India-US trade talks: Official
India and the US are continuing technical negotiations on the first tranche of their proposed bilateral trade agreement, with a US customs and trade facilitation team visiting New Delhi on November 2-3. Officials said the talks will continue despite the Republican Party losing its majorities in both chambers of Congress. India is seeking lower US tariffs than those faced by competitors such as Bangladesh, Vietnam and Cambodia.
India offers 3-part plan to de-escalate Ukraine war
India has proposed a three-part framework to Russia and Ukraine to help de-escalate the war, focusing on economic and maritime security. The proposal calls for a halt to attacks on energy facilities and critical infrastructure, uninterrupted grain and energy shipments through Black Sea ports, and an end to strikes on merchant ships, civilian crew and maritime trade routes.
China, Hong Kong stocks rise as AI shares rally, oil prices slide
Chinese and Hong Kong stocks edged higher as a rally in global technology shares and falling oil prices lifted sentiment. AI-linked stocks led gains, while energy shares declined amid a broader regional market rebound.
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.
US midterm results may give India trade leverage, but tariff and AI risks remain
The US midterm results may give India some room in trade negotiations by increasing congressional scrutiny of executive action, but they do not remove tariff risks or alter Washington's strategic priorities. AI investment is also unlikely to retreat, with capital expected to remain within the US rather than shift significantly to emerging markets.
Websol Energy Q2 Results: PAT jumps 73% YoY to Rs 80 crore; revenue more than doubles to Rs 361 crore
Websol Energy System reported a 73.2% rise in Q2FY27 net profit to Rs 80.21 crore, while revenue surged 114.6% to Rs 361.02 crore. The company plans a 4 GW solar cell manufacturing expansion at Falta and entry into EPC, solar IPP and energy trading businesses.
Gujarat Energy-ADNOC sign pact for procuring 4 million tonnes of LNG
Gujarat Energy has signed a long-term Sales and Purchase Agreement with Abu Dhabi National Oil Company. This agreement will allow Gujarat Energy to procure up to 4 million tonnes of LNG within ten years. The procurement will start in 2028, marking the first purchase from XRG’s international portfolio. This agreement represents ADNOC’s fifth LNG supply agreement in India.
China cleantech stocks surge on hopes of stronger US clean energy support
Chinese cleantech stocks rallied on Thursday as Democrats' strong US midterm election performance fuelled hopes of stronger support for renewable energy. Investors expect potential policy shifts to benefit solar, battery and clean energy companies, although existing US tariffs and trade restrictions could limit Chinese exporters' access to the American market.
Reset will keep India busy as Trump’s midterm loss redraws US politics
The recent US midterm elections have significant implications for international relations and the economy. Incoming policies may impact trade agreements between India and the US, affecting both countries' economies. Additionally, potential conflicts involving Iran could influence energy prices in India, creating economic uncertainty. The evolving political landscape in Washington will require India to adjust its diplomatic strategies.
EAM Jaishankar slams sanctions, chokepoints disrupting global energy trade, holding prices hostage
S Jaishankar highlighted the challenges posed by disruptions in global oil supplies during the G20 meeting. He pointed out that the current energy crisis results from unpredictability and significant disruptions. Jaishankar emphasized the need for the G20 to ensure that energy markets remain open and predictable. He also mentioned India's efforts in critical minerals and the necessity for reliable energy supplies.
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