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India has mandated 20% ethanol in petrol from April 2026, a significant policy acceleration. The nation boasts surplus production capacity, offering a strategic energy buffer amidst global oil price volatility. This move bolsters farmer incomes and reduces foreign exchange outgo, with the industry now eyeing further expansion into aviation fuel and cooking gas.
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Aequs Limited is making significant moves in India’s defence sector. The company is investing in a drone joint venture, Ajna Aerospace, to manufacture and sell UAVs. Aequs is also planning a major ₹1,900 crore facility for aero engine components. These initiatives aim to build system-level defence and aerospace products in India.
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Indian stock markets rebounded sharply on Monday, snapping a three-session losing streak with Sensex and Nifty closing significantly higher. Despite volatile trading, value-buying emerged after last week’s selloff. Geopolitical tensions and persistent FII selling continue to influence market sentiment, while the rupee remains near all-time lows.
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The Indian rupee was ​pinned near its all-time low ​on Monday, averting losses largely on the back of ​likely central bank intervention, via state-run banks, as hostilities in the Gulf kept oil prices elevated.
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Gold prices dipped on Monday, pressured by concerns that surging oil costs could stoke inflation further and prompt a more hawkish policy stance by major central ‌banks including ⁠the ⁠U.S. Federal Reserve, dulling the appeal of the non-yielding asset.
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