US President Donald Trump's economic policies are facing significant challenges, according to market experts like Ramesh Damani and Samir Arora. While Trump has made bold promises, including ramping up US oil production and taking a tough stance on trade with countries like China, the actual implementation of these policies is likely to be constrained by governance realities. Damani pointed out that Trump's ambitious goal of increasing US crude oil production by three millio

Waaree Energies Solar Module Supply Contract Waaree Energies Ltd. announced receiving a letter of award for supplying solar PV modules with a total capacity of 180 megawatt peak. The modules will be provided to a renowned customer in the renewable energy sector, specifically for the development and operation of renewable power projects in India. The supply is expected to start in the financial year 2025–26. Acquisition of Enel Green Power India

A Russian national, Anatoly Mironov, was arrested by Gujarat police in relation to a digital arrest scam where a businessman was duped of Rs 17 lakh. Mironov, a "gatekeeper" for a cybercrime gang, was involved in laundering proceeds from the crime, converting some of the funds into cryptocurrency. He had entered India on a tourist visa and was previously involved in a similar fraud case in Pune, Maharashtra. The scam began when a city-based businessman reported being extor

Ukraine's military intelligence confirmed that a Ukrainian naval drone had successfully destroyed a Russian Mi-8 helicopter and damaged another in the Black Sea near Crimea. The attack took place near Cape Tarkhankut, where a Magura V5 maritime drone, equipped with missiles, targeted the Russian aircraft. This incident is notable as it marks the first time a Ukrainian naval drone has downed an aerial target, underscoring the increasing use of drones in the ongoing conflict. Whil

Eugene Spector, a US citizen originally born in Russia, was sentenced to 15 years in a Russian maximum-security prison this week after being convicted of espionage. According to Russia's Federal Security Service (FSB), Spector passed sensitive biotechnology and biomedical information to the United States, including state secrets, for the purpose of creating a genetic screening system targeting the Russian population. Spector had been serving a separate sentence for bribery before the espi

Snack prices are feeling the impact of rising palm oil and potato costs, pushing many packaged food products to become more expensive. While domestic supply issues have caused potato prices to spike, global disruptions and increased import duties have made palm oil—a key ingredient in many snacks—costlier. As of recent reports, palm oil prices have hit their highest in over two years, with an all-India average price of Rs 130.5 per kg. Snack manufacturers, including Bika

A high-ranking Russian general, Lieutenant General Igor Kirillov, was killed in an explosion in Moscow on Tuesday. Kirillov, who served as the chief of Russia's Nuclear, Biological, and Chemical Protection Troops (RKhBZ), was killed by a bomb hidden in an electric scooter. The blast occurred outside a residential building on Ryazansky Prospekt, located about seven kilometers southeast of the Kremlin. Kirillov’s assistant also died in the explosion. The attack comes as Mosc

On Thursday, the Reserve Bank of India (RBI) received a bomb threat via email, which was written in Russian. The threat, sent to the RBI's official website, claimed that the bank would be blown up. Following the threat, a case was registered at the Mata Rambai Marg (MRA Marg) police station in Mumbai, and an investigation has been launched. This incident comes after a similar threat was made to the RBI through its customer care number on November 16, with the caller claiming to

In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine. The deal is set to begin in January and will involve monthly deli

Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re