KUWAIT POWER SUPPLY ISSUES
Iran warns of winter gas cuts as war damage deepens supply crunch
Iran is facing potential gas shortages this winter due to damage from ongoing conflict with the United States. Government officials have predicted a significant shortfall of 430 million cubic meters in gas supply this year. This has been aggravated by outdated infrastructure and an ongoing US blockade impacting its ports. Citizens are urged to reduce gas consumption to mitigate supply issues expected this winter.
India clears Rs 68,800-crore power corridor to connect western renewables with eastern demand hubs
India has approved the construction of a 1,150-kilovolt power transmission corridor that will aid electricity distribution. This corridor will connect western energy generation hubs to eastern industrial and urban centers. The project's estimated cost is nearly 688 billion rupees and is expected to take about six years to complete. The first phase will specifically link Chhattisgarh, Odisha, and West Bengal.
Another billion-dollar IPO: After Jio and NSE, what should investors know about Mahanadi Coalfields?
Mahanadi Coalfields is gearing up for a potential $1 billion IPO that could value Coal India's subsidiary at up to $10 billion. With Sebi clearance secured and investor meetings underway, the offering could be among India's biggest public issues. Here's what investors should know about the company's operations, financial performance, IPO structure, key customers and growth prospects.
Dubai changes visa rules in 2026, expands visa-on-arrival access and relaxes property visa criteria
Dubai has introduced several visa changes in 2026 that could affect Indian travellers, property owners, foreign professionals and long-term residents. The UAE has introduced new specialist visit visa categories and linked Dubai residence visa transactions with outstanding traffic fines. The proposed GCC unified tourist visa is also awaiting implementation.
Fires, protests, pollution: How Apple's supply chain woes in India have caused troubles over the years
Three contract workers lost their lives due to asphyxiation at a Tata Electronics factory in Hosur. This incident has prompted investigations by the companies involved and the Tamil Nadu state government. Recent years have witnessed various operational issues at Apple supplier facilities, leading to heightened scrutiny. Apple's supply chain in India continues to face challenges amid efforts to diversify from China.
Trump says Iran war's 'militarily' over, but US 'locked and loaded'
US President Donald Trump expressed that the military conflict in Iran is essentially concluded. He indicated that military action is not currently deemed necessary, while the US is prepared for any changes. Trump also mentioned ongoing negotiations with Iran, hinting at a potential agreement that could stave off further military actions. Despite this, US military operations remain active, including recent strikes against Iranian targets.
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Oil falls as Trump downplays prospect of escalation with Iran
Oil prices fell due to President Trump's announcement regarding US military action against Iran, easing supply concerns. Brent crude futures dropped to $92.33 per barrel while WTI futures reached $86.50. Trump stated he would maintain a naval blockade in the Strait of Hormuz temporarily. OPEC's oil output increased in October, supported by higher production from Saudi Arabia and Kuwait.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
The FPIs that were selling in the Indian market all these months mostly owned large-cap stocks. And as they sold them, it was that segment which bore the brunt of the selling. The same logic will operate in reverse as they start buying, focusing once again on the safer and more liquid large-cap stocks.
Growing demand, demographics, digital agenda & energy security are long-term and secular tailwinds for India: Macquarie’s Ed Northam
Head of green Investments for the Australia’s largest asset manager said the firm is looking to reboot its India operations. While renewables will remain the biggest focus, industrial energy transition and E-mobility will be other key areas, he said. Since 2005, Green Investments group has deployed over $21 billion across 94 investments worldwide.
Alice in Nvidia CEO's secret world: Jensen Huang's personal affair matters far beyond than what meets the eye
Concerns about national security have emerged regarding Nvidia CEO Jensen Huang and a Chinese businesswoman, Alice Huang. US intelligence suggests Alice may have gathered information for Beijing after forming a close relationship with Jensen. Nvidia's advanced processors play a crucial role in AI and military applications, making them strategically significant in US-China relations. Congressional inquiries are seeking clarity on Nvidia's security protocols regarding foreign espionage risks.
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 power rush sends data centres hunting for used turbines and jet engines
Utilities and developers are increasingly looking for second-hand gas turbines as new equipment takes longer to produce. Orders for gas turbines are significantly outpacing manufacturing capacity and are projected to reach 129 gigawatts. The AI data centre boom is driving demand and leading to higher prices for gas turbine equipment.
Russia says hit power substations in Ukraine and three ships in Black Sea
Russia conducted overnight strikes that reportedly targeted three cargo vessels linked to Ukrainian military supplies. The vessels were struck in Odesa and Chornomorsk, according to the Russian Defence Ministry. Additionally, two electricity substations in Dnipropetrovsk and Zhytomyr, which supplied power to military efforts, were hit. Following the attack, over 600,000 residents were left without electricity due to damage at energy facilities.
Karnataka to release report on alleged excess ethanol in petrol on Monday; OMCs seek joint testing
Karnataka Chief Minister DK Shivakumar said the state would release findings from inspections at 67 locations on Monday after complaints of petrol containing excessive ethanol. Kerala has also ordered tests in four districts. Oil marketing companies have rejected Karnataka's claims, questioned its testing procedures and called for joint, transparent verification.
South Korea says Nvidia issues won't affect contracted GPU supplies
Vice Minister of Science and ICT Ryu Jemyung told a parliamentary budget committee that 10,000 GPUs funded under a 2025 supplementary budget had already arrived and were in use.
Andhra CM Naidu orders immediate financial aid for Cyclone Murasu-hit families, steps to curb price rise
Andhra Pradesh Chief Minister N Chandrababu Naidu has directed officials to provide immediate financial assistance to families affected by Cyclone Murasu, ensure uninterrupted supplies of essential commodities and curb price rise. The state has distributed relief supplies to 3.8 lakh families, while power restoration and crop damage assessments remain underway.
Global gas supplies could tighten in winter amid unprecedented Strait of Hormuz supply shock: IEA
Global natural gas supplies could tighten further during the 2026-27 winter heating season, as disruptions to trade flows through the Strait of Hormuz pose an unprecedented supply shock to the global liquefied natural gas (LNG) market, according to a report by the International Energy Agency (IEA).
Supreme Court directs Punjab, Haryana to supply Himachal Pradesh's energy arrears
A bench led by Chief Justice Surya Kant said the settlement would be implemented on a cashless basis, with the capital-cost liability being adjusted against the energy arrears and the remaining energy being supplied in accordance with the specified schedule.
Adani Green bets on battery storage to offset grid issues
Adani Green Energy lost Rs 700 crore in Ebitda over the six months ended September. Without curtailment, its first-half FY27 Ebitda would have been about Rs 9,000 crore, against the actual Rs 8,276 crore.
Trump holds call with mediator Qatar about Iran de-escalation
Qatar is acting as the chief mediator between Washington and Tehran amid intense diplomatic efforts to end the war, which is now in its ninth month. Qatari officials have been shuttling between Doha and the Iranian capital to firm up a potential deal ahead of Tuesday's US midterm elections, in which the Democrats secured a sweeping victory over Trump's Republican Party and took control of Congress.
E30 petrol being sold as E20? Karnataka minister claims oil companies are supplying petrol exceeding the 20% ethanol limit
Karnataka Minister Rizwan Arshad has flagged alleged over-blending of ethanol in petrol after tests found concentrations of up to 31.2% in samples from major oil companies. The state has warned of possible damage to vehicle fuel systems, questioned laboratory disclosures and demanded action, consumer compensation and mandatory display of ethanol percentages at petrol pumps.
Diwali 2026: From selling Diwali lights in a Mumbai chawl to becoming a Dubai business tycoon. Danube's Anis Sajan once sold an Aquaguard to Sanjay Dutt
Diwali 2026: Anis Sajan's business journey began with a small Diwali lights stall below his Mumbai chawl home. He later sold electrical goods, worked as a water purifier salesman and even sold an Aquaguard to Sanjay Dutt. After moving to Dubai in 1992, he joined Danube Group, which has since grown into a multi-billion-dollar conglomerate employing 5,000 people.
Middle East crude oil premiums tumble to pre-war levels amid ample supply
Middle Eastern crude exports have increased in September and October, leading to declining spot premiums. Dubai's cash premium to swaps fell to 65 cents a barrel before recovering slightly. Murban crude exports reached a record of 2.4 million barrels per day in September. Asian refiners have shown reduced purchasing interest due to cooling refining margins. Competition with West African crude is intensifying as sellers offer steeper discounts to attract buyers.
Mumbai airport asks 12 international airlines to shift to Navi Mumbai
Mumbai airport has given slots to 38 out of 50 airlines for the upcoming summer schedule. Twelve remaining airlines may operate from Navi Mumbai airport during Terminal 1 redevelopment. Passengers traveling to 14 designated destinations will shift their operations accordingly.
US Iran war: UAE plans third crude oil pipeline to avoid Strait of Hormuz
The United Arab Emirates is planning to construct a third oil-export pipeline to minimize reliance on the Strait of Hormuz. This new pipeline would connect the western coast of the UAE to the port of Fujairah on the eastern side. Abu Dhabi National Oil Co. is considering this initiative to bolster its oil supply capabilities. The pipeline could also be utilized by third parties, increasing overall efficiency.
Sugar prices jump Rs 4/kg in a month, rise Rs 12-13 over year despite supply steps
Sugar prices in India have risen significantly over the past month in both retail and wholesale markets. Retail prices have now reached Rs 59.50 per kg while wholesale prices stand at Rs 55.40 per kg. Kolkata has the highest retail price at Rs 65 per kg followed closely by Delhi at Rs 64. The government is implementing measures to manage supply, including stock limits and imports. India produced 8.
BHEL bags orders worth up to Rs 28,000 crore from Adani Power for four 1,600 MW projects
Bharat Heavy Electricals Limited has received orders from Adani Power Limited for four power projects. Each project has a capacity of 2x800 MW and is valued between Rs 5,000 crore to Rs 7,000 crore. The total contract value for all projects is estimated to be between Rs 20,000 crore and Rs 28,000 crore. The contracts involve the supply of equipment and services for the projects.
Days before Washington DC power outage, US Department of Energy had issued warning
On Monday, a power outage hit the Foggy Bottom area of Washington DC, leaving over 1,100 residents in the dark. The incident was caused by a malfunction at a Pepco substation, impacting essential government services nearby. Emergency teams responded quickly to reports of smoke and a manhole explosion close to the World Bank. Traffic lights were down, causing significant disruptions until power was restored later in the afternoon.
India weighs new oil manoeuvre as old routes get jammed
The West Asia war has forced India to look at energy security through a new, different lens. The oil issue, for India, has now gone from being a procurement issue to being a test of economic resilience. That has compelled the govt to rethink how it sources, transports and stores the fuel that powers its economy.
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