ENERGY COSTS
Warren Buffett’s billion-dollar EV play backed BYD, so why not Tesla?
Warren Buffett's investment in BYD is proving prescient as the Chinese EV maker surpasses Tesla in key metrics. Buffett's value-based approach favored BYD's cost advantages and strategic global expansion over Tesla's high-profile but struggling performance. BYD's success highlights a shift in the EV market, driven by price competition and strategic positioning in emerging markets, validating Buffett's long-term vision.
Crude jitters, not crisis: Oil firms eye margin hit, but rule out supply shock amid Israel-Iran tensions
Following the Israel-Iran conflict and a sharp rise in oil prices, Indian oil companies anticipate reduced profit margins. Despite concerns, India asserts it has sufficient energy reserves and diversified import options, minimizing supply disruption fears. While direct Iranian oil imports aren't a factor, potential Hormuz Strait disruptions by Iran-backed rebels raise insurance costs and threaten vessel routes.
Oil prices on the boil after Israel’s strike on Iran’s nuclear facility. What's next?
Global crude oil markets face uncertainty in mid-2025. Israel's airstrikes on Iran's nuclear facilities caused Brent crude prices to surge. Concerns about supply disruptions from the Persian Gulf and potential Iranian retaliation through the Strait of Hormuz loom large. Despite OPEC+ production cuts, increased output from other nations and tepid demand growth, particularly in the U.S.
US stock market: Nasdaq, Dow Jones, S&P 500 crash; Top gainers, top losers
US stock market closed in red as ten of the 11 S&P 500 sector indexes declined, led lower by financials, down 2.06 per cent, followed by a 1.5 per cent loss in information technology.
No major economic impact of Iran-Israel conflict, but vigil up: India official
The Israel-Iran conflict's economic impact on India is under watch. Officials believe major impact is unlikely unless the conflict escalates. Short-term volatility in oil prices, capital flows, and shipping is possible. India's strong macroeconomic position should help it weather the crisis. Indian stocks fell, and the rupee depreciated amid investor concerns. Oil prices initially spiked but later stabilized.
Dow Jones falls 400 points as Israel-Iran conflict hits risk appetite; oil, defence stocks rise
Wall Street indexes plummeted on Friday following Israel's strike on Iranian nuclear facilities, escalating Middle East tensions and triggering a global market sell-off. Oil prices surged, benefiting energy stocks while airline stocks suffered. Defense stocks rallied amid the geopolitical uncertainty, as investors grappled with domestic policy concerns and awaited the Federal Reserve's upcoming meeting.
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Oil jumps over 7% after Israel's strikes on Iran
Oil prices surged following Israeli strikes on Iran. Concerns arose about potential disruptions to oil supplies. Brent crude futures and U.S. West Texas Intermediate crude both experienced significant increases. The Strait of Hormuz, a crucial oil transit route, is under close watch. Analysts are assessing the long-term impact on oil prices and regional stability.
Iran-Israel Conflict: A Middle East flashpoint that Indian economy can’t ignore
Israel-Iran Conflict: India's economy faces challenges in 2025. The Israel-Iran war has pushed global crude oil prices higher. This threatens the rupee and could raise inflation. India, a major crude oil importer, is highly vulnerable to rising oil prices -- it could widen the current account deficit. The Reserve Bank of India may postpone rate cuts. The government might consider cutting excise duties on fuel.
Oil prices today: Where is crude heading after Israel attacks Iran - key points to note
Oil prices have surged over 10% after Israel launched strikes on Iran, sparking fears of a wider Middle East conflict and major disruptions in oil supply routes like the Strait of Hormuz. Brent crude hit $72.80, while U.S. oil traded at $73.20. Gold prices also jumped as investors turned to safer assets. Global markets fell amid rising tensions, with analysts warning crude could hit $100 if the conflict escalates. The situation remains volatile, and energy traders are watching closely. This unfolding crisis could impact everything—from fuel and food costs to global inflation trends. Here’s what you need to know.
US stock futures plunge as Israel strikes Iran, Dow falls 400 points, oil prices surge over 8% amid Middle East tensions
US stock futures plunge as Israel strikes Iran, Dow futures fall sharply after Israel strikes Iran, shaking global markets and pushing oil prices up by over 8%. The Dow Jones futures dropped 423 points, while S&P 500 and Nasdaq also fell. Israel’s airstrikes triggered a state of emergency, and although the U.S. denied involvement, tensions spiked. Brent crude and WTI crude prices surged, gold climbed 1%, and defense stocks like Lockheed Martin rose. Meanwhile, tech stocks dropped. President Donald Trump urged Iran to negotiate. As markets react, investors now wait for consumer sentiment data. Rising energy costs could also impact inflation and Fed policy decisions.
NBFCs turn top overseas borrowers in April with over $1.5 billion loans
Indian companies raised $2.92 billion through overseas loans in April, with NBFCs leading the way, securing $1.53 billion for on-lending and sub-lending. Shriram Finance topped the list with $955 million in external commercial borrowings. ECB has become a cheaper funding option for NBFCs, diversifying their funding mix amid reduced bank lending due to risk weights.
Best 4-star refrigerators offering efficiency and style
The best 4-Star refrigerators offer maximum cooling, a stylish look, and superior energy savings. The 4-Star fridge can be anything from a compact single door fridge for a small family to a full-sized refrigeration solution with all the bells and whistles from a brand such as LG or Samsung; all will give pristine freshness with economy. All have low annual energy consumption, thoughtful details such as inverter compressors and antibacterial gaskets, and the luxurious roominess for our "too big" modern kitchens. Suitable for the modern home looking for elegant designs and functionality with ecologically clean performance from one appliance.
US producer inflation ticks up in May after tariff rollout
US wholesale prices experienced a slight increase in May, according to government data released on Thursday. The producer price index rose by 0.1 percent, driven by a rebound in services costs and a jump in goods prices.
Reliance Power shares plummet 11% in 2 days amid profit booking from 52-week high
The correction in Reliance Power share price follows a 106% surge over the past month, supported by strong project wins, equity infusion, and a turnaround in quarterly earnings. The company posted a consolidated net profit of Rs 126 crore, a turnaround from a net loss of Rs 397.56 crore in the same period last year.
NCLT clears merger of Inox Wind units
Inox Wind Energy Limited has received final approval for its merger with Inox Wind Limited. The National Company Law Tribunal, Chandigarh bench, approved the merger. This move simplifies the business structure for the INOXGFL Group. It aims to improve financial health and reduce debt. The merger is expected to reduce liabilities by approximately ₹2,050 crore.
Conditioning a cool behavioural move
India is set to mandate AC temperature settings between 20°C and 28°C to boost energy efficiency and cut electricity bills, as AC ownership surges. This move addresses concerns that air conditioning could account for a quarter of India's GHG emissions by 2050. While energy-efficient ACs are gaining popularity, affordability remains a challenge.
CPI report: US consumer inflation ticked up in May, traders say Fed may cut rates in September
US consumer inflation edged up to 2.4% in May, slightly higher than April's 2.3%, influenced by President Trump's tariffs. Despite the annual increase, monthly price gains were modest at 0.1%. This data has strengthened expectations that the Federal Reserve will likely cut interest rates as early as September.
US inflation edges up in May to 2.4% as Trump tariffs flow through economy
U.S. inflation saw a slight increase in May, with consumer prices rising 2.4% year-over-year, driven by higher food costs. Core prices, excluding food and energy, remained stubbornly high at 2.8% for the third consecutive month, exceeding the Federal Reserve's 2% target.
Cost of green hydrogen in India set to fall by up to 40%: Report
India's green hydrogen costs are projected to decrease by up to 40% due to government support and incentives, potentially reaching Rs 260-310 per kg. The nation's Green Hydrogen Mission, launched in January 2023 with a Rs 19,744 crore outlay, aims for 5 million tonnes of annual production by 2030.
ACC on track to build 30% of India’s future? Karan Adani responds
ACC Chairman Karan Adani highlighted the cement industry's pivotal role in India's infrastructure development, projecting significant benefits from the anticipated USD 2.2 trillion investment by 2030. ACC, now exceeding 100 MTPA capacity, aims for 140 MTPA by FY28, leveraging Adani Group synergies in logistics and resources.
Rudra Global plans to set up 30-mw renewable energy projects in Gujarat
Rudra Global Infra is expanding its renewable energy portfolio with a 3.3 MW wind project in Gujarat, backed by significant bank funding. This initiative, costing over Rs 32 crore, is slated for completion by December 2025 and will generate approximately 1.1 crore units of power annually.
Hyundai shares soar 7% to surpass IPO price, hit new all-time high amid high volumes
The surge in Hyundai Motor India could be attributed to multiple factors, including RBI’s repo rate cut, boosting auto demand, the company's gains in India’s electric vehicle market, and its investment in renewable energy. Hyundai's EV strategy and macroeconomic tailwinds are seen as key growth drivers.
Air Conditioners below ₹40,000 in 2025 – Top 10 Affordable Picks
Finding the right air conditioner on a budget doesn’t mean compromising on quality. Here are handpicked top 10 ACs under ₹40,000 in India that deliver powerful cooling, energy savings and essential smart features. Whether you're outfitting a small bedroom or a medium-sized living space, these affordable ACs from top brands strike the perfect balance between price, performance, and durability—making them ideal for cost-conscious buyers this summer.
Solar body urges govt to extend transmission fee waiver for delayed projects
The National Solar Energy Federation of India (NSEFI) is urging the government to extend the Inter-State Transmission System (ISTS) charges waiver to renewable energy projects commissioned by June 2026. This request addresses risks from delays beyond developers' control, potentially impacting projects worth ₹5 lakh crore.
DeepDive: India’s green hydrogen journey starts at Rs 397 per kg
India's price discovery marks progress, but the jury is still out on competitiveness.
Sustainability should be a foundational element, integrated from the project’s inception: Haresh Mirpuri
Mirpuri balances sustainability with aesthetics, functionality, and cost-effectiveness, advocating for responsible luxury through brands like Aranyani.
Why aluminium prices are rising and what to expect next
Aluminium prices are currently trading between $2,450 and $2,600 per ton, experiencing a 10-15% increase since January due to US-China tariffs and supply chain issues. China's manufacturing slowdown and environmental policies impact global supply, while demand remains stable with growth in EVs and construction.
Critical mineral investments stalled by economic uncertainty despite strong demand outlook: IEA
The IEA reports weakened investment momentum in critical minerals in 2024, despite strong demand expectations. Exploration plateaued, and funding for startups slowed. Refined material production concentrated among top suppliers like Indonesia and China, increasing geographic concentration. Surging supply, particularly from these nations, drove down prices for battery metals, with lithium prices plummeting over 80% since 2023.
Lloyds’ Surjagarh mine set to be the first ‘green mine’ of India
Lloyds Metals and Energy Ltd's Surjagarh Iron Ore Mine in Maharashtra is pioneering green mining in India, aiming to be the first of its kind. Through green technologies and a commitment to decarbonization, the mine has significantly reduced CO₂ emissions.
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