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India Eyes Doubling LPG Imports from US to Reduce Gulf Dependence
India plans to significantly increase LPG imports from the US, potentially doubling current volumes, to diversify its energy sources away from the Gulf. This move aims to bolster strategic reserves and ensure supply security amid geopolitical tensions.
India's Top IT Firms Widen CEO-Median Pay Gap Amid Industry Slowdown
Four of India's largest IT firms, including TCS and Infosys, increased the pay gap between their CEOs and median employees in FY26. This widening occurred despite muted salary growth for the broader workforce due to an industry slowdown.
Energy Transition Attracts Venture Capital Amid Rising AI Power Demand
Venture capital and private equity firms are increasingly investing in energy transition startups focused on clean energy, grid infrastructure, batteries, and industrial decarbonization, driven by the growing power demands of AI.
Fintech Startup Navi Ltd. Eyes IPO by March 2027 to Raise Rs 3,000 Crore
Fintech startup Navi Ltd., cofounded by Sachin Bansal, is planning an IPO by the March quarter of 2026-27 to raise Rs 3,000 crore. The offering may include fresh capital and an offer for sale, with Kotak Investment Banking advising on the process.
China's Rare Earth Dominance Undermined by US, Japan Patent Holdings
Despite controlling global rare earth mining and processing, China's dominance is structurally weak. A study reveals the US and Japan hold core patents for advanced rare earth functional materials, crucial for high-tech applications, indicating a gap in higher-value downstream technologies.
India Secures Fertiliser Supply Amid Persian Gulf Tensions
Fifteen of 20 India-bound fertiliser ships have safely passed the Strait of Hormuz. Domestic urea production also exceeded targets from April to June, ensuring adequate fertiliser availability for farmers during the kharif season.