March 25, 2026

aims

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Microsoft-IREN deal: Tech giant inks $9.7 billion AI cloud pact for Nvidia chips; aims to bolster data centre capacity amid soaring AI demand

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Microsoft has entered into a $9.7 billion cloud services agreement with Australian artificial intelligence infrastructure provider IREN, a deal that will give the tech major access to Nvidia chips as it scales its AI and cloud operations, AP reported.The five-year agreement includes a 20% prepayment and is aimed at supporting Microsoft’s efforts to meet the…

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Oil output move: Opec+ announces fresh 137,000 bpd hike from December; aims to protect market share amid US shale slowdown

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The eight key members of the Opec+ alliance, including Saudi Arabia and Russia, have agreed to raise oil production by 137,000 barrels per day (bpd) starting December, marking a modest increase that will hold steady for three months, the group said in a statement after a virtual meeting on Sunday, AFP reported.The move, aligned with…

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SBI expands bullion footprint: Bank joins India International Bullion Exchange as special category client; aims to boost transparency & efficiency

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State Bank of India (SBI) on Saturday said it has executed its first gold trade as a special category client (SCC) on the India International Bullion Exchange (IIBX), marking a key step in reshaping India’s bullion import framework.The move, SBI said, signals “a transformative era” for the bullion trade by enhancing efficiency, transparency, and accessibility,…

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Coal revival drive: ECL reopens two closed mines under MDO model; aims to cut losses and lift output

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In a major step towards restructuring its operations, Eastern Coalfields Ltd (ECL) has reopened two previously closed mines under the Mine Developer and Operator (MDO) revenue-sharing model. The move, inaugurated virtually by Union Coal Minister G Kishan Reddy on Saturday, marks a strategic shift aimed at reviving loss-making assets and improving operational efficiency, PTI reported…

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Energy security push! India plans 10% mandatory LNG extra reserve; aims cost-effective buffer for price, supply shocks

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India is planning to make it mandatory for all liquefied natural gas (LNG) import terminals to build an additional 10% storage capacity that the government can access during supply or price disruptions. According to a draft proposal by the oil ministry, this change will amend the registration rules for LNG terminals under the Petroleum and…

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Senior citizens, women in focus: Sebi plans special perks for select investors; aims to boost retail bond participation

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In a move aimed at reviving interest in India’s public debt market, the Securities and Exchange Board of India (Sebi) on Monday proposed allowing debt issuers to offer special incentives to select investor categories, including senior citizens, women, armed forces personnel, and retail subscribers.The proposal seeks to encourage greater retail participation in bond issuances, which…

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Post Emirates investment, RBL aims to join big league

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MUMBAI: RBL Bank aims to become one of India’s large banks within three to five years, leveraging a strategic tie-up with UAE based Emirates NBD, its managing director and chief executive R Subramaniakumar said.The foreign lender will invest around $3 billion through a preferential-issue to acquire a 60% stake, triggering an open-offer under regulatory guidelines.Subramaniakumar…

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‘Exploring resources’: After oil, India-Russia to tie-up on rare earth? How New Delhi aims to steer away from China’s monopoly

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Indian companies are exploring potential partnerships with Russian firms to secure better supplies of rare earth magnets and critical minerals, as China continues to tighten its grip on global rare earth exports. Beijing’s increased rare earth export restrictions have continued to hit industries worldwide and in India, as it controls nearly 90% of rare earth…

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UK targets Russia’s oil chest: 90 new sanctions hit Rosneft, India’s Nayara Energy & more; move aims to choke Kremlin’s war funding

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The United Kingdom on Wednesday announced 90 new sanctions targeting Russia’s oil sector and Indian petroleum firm Nayara Energy Limited, in a fresh bid to cut off Moscow’s wartime revenue streams.The UK’s foreign, commonwealth and development office (FCDO) said the coordinated action, taken jointly with the Treasury, was designed to “strike at the heart” of…

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