INDIA ENERGY POLICY
From Iran to trade, how the US midterms impact the rest of the world
US Democrats' recent midterm election victories could influence global relations, especially concerning Iran and Israel. The potential for a peace deal with Iran seems viable as US voters oppose prolonged conflicts. In Ukraine, Democrats may propose increased financial and military aid, which could face delays. Additionally, Asian countries may reconsider investment pledges to avoid tariffs in light of these outcomes.
US midterm election results: What Trump & Republicans' loss means for India
US midterms result: Indian industry and economy watchers were keenly looking at the polls to try and find out what direction US policy will take. In recent months, India's trade/export fortunes have swayed in lockstep with Trump's tantrums, making policymakers jittery over any new development in the US.
Cabinet approves ₹14,500-crore scheme to add 92 GWh energy storage capacity
The Union Cabinet has approved a significant ₹14,500-crore scheme aimed at developing new energy storage capacity. This funding will support the establishment of 92 GWh of grid-scale energy storage across India. Additionally, 850 fast-track courts will be set up to expedite cases involving child abuse and rape. The government has also created a pathway for the enrollment of 25% of Agniveers in the armed forces.
US midterm election results 2026: India sees some trade relief, new risks after US midterm vote
Indian officials are cautiously optimistic about the recent US midterm election results and their implications. While the election reduces trade tension, it introduces new uncertainties for US-India relations. Analysts suggest it is too early to gauge the long-term effects of these political changes. The potential for increased tariffs still looms due to ongoing investigations.
Renewable energy key to India's energy security, German envoy Jasper Wieck says
Germany underscores the critical role of renewable energy in fortifying energy security for India. During recent discussions, German Ambassador Jasper Wieck highlighted the necessity for India to domestically produce solar panels and batteries. The Bharat Renewable Energy Summit is instrumental in establishing partnerships between Indian and German firms for local production.
S&P affirms Reliance Industries' 'A-' credit rating, cites Jio listing, stronger earnings
S&P Global Ratings has affirmed Reliance Industries’ (RIL) ‘A-’ long-term issuer credit rating with a stable outlook, citing resilient earnings, strong cash generation and improved funding flexibility following the listing of Jio Platforms.
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Trump's midterm setback may put India under pressure for quick trade deal on US terms: GTRI
Amid electoral challenges, US President Donald Trump is likely to ramp up pressure on India to seal a trade deal. This potential agreement would require India to decrease import tariffs on US goods while the US keeps its tariffs intact. Analysts caution that such an arrangement may breach WTO MFN principles, undermining India's trade credibility. Additionally, compromising energy security and development aspirations could have serious implications.
Democrats’ win rattles Trump trades from AI stocks to crypto
The recent Democratic majority in Congress triggered a downturn in global markets, most notably impacting technology stocks. Investors are now wary about President Trump’s policies and their implications for AI investments. Conversely, solar stocks saw an uptick, signaling potential changes to clean energy regulations. Additionally, Treasury yields dropped as heightened oversight dampens fiscal stimulus hopes, while cryptocurrencies also fell amid uncertainty surrounding upcoming industry regulations.
Drought threatens India's 20% ethanol blending target as food takes priority
India faces a significant challenge in its ethanol production due to the lowest monsoon rainfall experienced in over a decade. This situation has prompted New Delhi to prioritize food security over its ethanol blending targets. Estimates suggest that the ethanol blending ratio may decrease this supply year from 20% to around 15%. Producers are being squeezed by increased corn prices and reduced purchasing prices for ethanol.
Indian stocks poised to open lower as US midterm vote outcome looms
As Indian shares experienced four days of upward movement, a decline is now expected as market participants turn their eyes towards the US midterm elections. The results could play a pivotal role in shaping energy prices and foreign investor activity. Recently, foreign investors have shown confidence in Indian shares, enhancing market performance. Meanwhile, geopolitical tensions over Brent crude oil continue to loom, making post-election stock movements critical for investors.
Forget solar and wind: India bets on heat buried deep underground for round-the-clock clean electricity; here's the big plan
India is stepping up efforts to tap its estimated 10.6 GW geothermal energy potential, with its first two geothermal wells commissioned in Ladakh's Puga Valley in July 2026. The government is also supporting pilot projects across Gujarat, Arunachal Pradesh and Telangana, while its 2025 National Geothermal Energy Policy aims to promote research, technology development and private investment in the sector.
Rupee nudges higher, forward premiums dip with focus on US midterm, oil moves
On Tuesday, the Indian rupee gained slightly against the dollar, closing at 94.74 per dollar. This change occurred as investors awaited the results of the US midterm elections and developments in the Iran war. Oil prices rebounded, raising concerns about potential impacts on energy supplies. Analysts suggest that potential outcomes from the elections could influence the dollar's short-term position.
Trump set for midterm test: What's in store for India, Iran, Ukraine after November 4?
US midterm election 2026: American voters' sentiments about rising prices could affect Trump's standing in trade discussions. Congressional control will determine the scrutiny over Trump's actions regarding Iran and Ukraine. India will, however, continue navigating uncertainties in trade relations regardless of the election results.
Lowering LTCG isn't a magic bullet
A reduction in Long-Term Capital Gains (LTCG) tax could uplift sentiment in India's equity market, especially as foreign investors withdraw. The current landscape is shaped more by external economic influences than tax adjustments. The reinstatement of LTCG has rendered India less appealing compared to rivals like Hong Kong and Singapore. A strategically planned tax cut may provide clearer policy stability for investors while preserving fiscal responsibility.
'Energy security directly linked to economic security': PM Modi highlights impact of global crisis
Prime Minister Narendra Modi highlighted the importance of energy security linked to economic security during the global crisis. He stated that India is prioritizing clean energy and green hydrogen to boost its energy independence. The National Green Hydrogen Mission aims for 5 million tonnes of green hydrogen production by the decade's end. India has achieved 300 GW of non-fossil fuel-based energy capacity and is targeting 500 GW.
Indian stocks may recover on steady growth and earnings, Axis AMC says
Indian stocks are expected to recover in the financial year due to strong earnings and economic growth. The Nifty 50 index has decreased significantly after years of gains, partly due to global issues. The fund manager emphasizes that foreign fund outflows do not indicate a decline in India's growth prospects. Certain sectors like AI, energy, and domestic manufacturing are highlighted for potential investment.
Electric two-wheeler sales hit record 2.24 lakh units in October on festive demand, new models
TVS Motor retained its leadership in October, nearly doubling registrations to 60,433 units and expanding its market share to 27% from 20.6% in the same month last year. Hero MotoCorp also gained ground, with its share rising to 13.4% from 10.9%, while Bajaj Auto maintained its market share at nearly 22%.
UK Budget 2026: Skilled Worker salary thresholds, Graduate visa and HPI route changes signal new immigration direction
In its 2026 Budget, the UK Government has unveiled pivotal changes to immigration policies with a focus on driving economic growth and increasing productivity. Key updates include an adjustment to salary thresholds for the Skilled Worker visa and an expansion of the High Potential Individual visa pathway. Additionally, the two-year Graduate visa for international students will continue, emphasizing the importance of skilled migration in the country’s economic strategy.
Jaishankar's Atlanta diplomacy: Quad meeting and several bilaterals on G20 sidelines
External Affairs Minister S Jaishankar has a busy schedule during the G20 Foreign Ministers' Meeting in Atlanta. He is expected to engage in discussions with multiple foreign ministers on trade, defense, and energy. Meetings with Canada and Brazil are crucial for redefining relationships and securing resources. Jaishankar will also address India's partnerships with European and East Asian nations.
United Spirits' mass-market liquor sales slump as inflation squeezes lower-income consumers, premiumisation takes centre stage
United Spirits is facing subdued demand in its mass-market liquor portfolio as inflation squeezes lower-income consumers, while regulatory changes in Maharashtra and Karnataka further weigh on sales. The Diageo-controlled company is relying on premium brands for growth, even as higher input costs linked to the West Asia conflict and weaker monsoons add pressure.
India's 500 GW RE target hinges on LDES scale-up; FY28 viability gap funding key enabler: IESA report
With a target of 500 GW of renewable energy capacity by 2030, India recognizes the urgent need for long-duration energy storage solutions. The India Energy Storage Alliance stresses the pivotal role of viability gap funding to promote quicker adoption of these technologies. Current data reveals substantial solar energy curtailment caused by grid restrictions, highlighting the necessity for strategic policy support and innovative business paradigms.
Karnataka urges exporters to leverage FTAs to boost trade, target $1 trillion economy
Karnataka's industries minister MB Patil has urged manufacturers and exporters to leverage free trade agreements effectively. The state has signed trade agreements with 38 countries, which could enhance market access for various products. This initiative is part of Karnataka's goal to achieve a $1 trillion economy in the future. Increasing foreign direct investment highlights the state's economic momentum and potential growth.
Finmin pegs Q2 expansion at 7.35%,flags capital pressure over US yield
India’s economy is estimated to have grown 7.35% in the September quarter, supported by strong industrial output, GST collections, energy use, port traffic and auto sales, the finance ministry said. It expects domestic demand and investment to sustain momentum, while warning that high crude prices, food inflation, rupee pressure and elevated US bond yields could pose risks in the second half.
India bonds seen attracting buyers as 10-year yield nears 2022 levels
Yields on India's battered government bonds may be approaching territory that more investors consider a "buy", with that on the benchmark 10-year approaching 7.50%, a level not seen in four years.
India's deeptech dream remains import dependent for critical components
The founder of a spacetech startup developing rockets said geopolitical tensions, including the Russia-Ukraine war, disrupted the supply of critical components. “Parts that were earlier available within weeks are now taking months to arrive, making it harder for startups to plan development and testing schedules,” the founder said, requesting anonymity.
Green financing in India rises to $82 billion, but flows mostly to established sectors: Report
The Landscape of Green Finance in India, now in its fourth edition, maps actual finance flows or disbursements across sources, instruments, sectors, and subsectors for financial years 2022-23 and 2023-24. According to the report, while green finance has increased substantially between 2016-17 and 2023-24, financial flows remain concentrated in established sectors and technologies.
India needs $220 billion investment to achieve 500 GW clean energy target by 2030
India faces a significant challenge in attaining its renewable energy targets, necessitating an investment of about $220 billion between 2027 and 2030. This capital will aid in expanding energy storage solutions, transmission infrastructure, and manufacturing strength. Ahead of the Bharat Renewable Energy Summit & Expo, secretary Santosh Kumar Sarangi emphasized the urgency of these investments, which will foster public-private partnerships for sustainable energy solutions.
Boost for green energy projects: Maharashtra govt waives 25 pc land transfer fee
Maharashtra announced a waiver for the 25 per cent transfer fee on land for renewable energy projects. This decision aims to alleviate financial pressure on companies and reduce project costs. Companies must use the land exclusively for renewable energy to qualify for this exemption. If the land is used for other purposes, the exemption will be revoked, and fees will be charged.
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