File1 Updates @File1UpdatesIND

Key Update Energy Updates: Jet Fuel Demand Slows; Green Hydrogen & Coal Gasification Push Ahead India’s jet fuel demand fell 2.9% YoY in Aug, marking a slowdown after 4 years of strong growth, due to rains, aircraft downtime, and runway closures. Green hydrogen prices…

Key Update RBI Expected to Hold Rates at 5.5% Amid GST Cuts, Tariff Uncertainty A majority of economists (14 of 22 polled) expect the MPC to keep the repo rate unchanged at 5.5% on Oct 1. Despite inflation easing to 2.7% in August, risks from US tariffs and GST-led distortions…

Key Update HAL Secures ₹62k Cr LCA Mk1A Order, Nears $1B Engine Deal with GE Defence Ministry signed a ₹62,370 cr contract with HAL for 97 LCA Mk1A fighters, boosting IAF’s fleet to 180. Deliveries will begin 2027–28, with 64% indigenous content and support from 105 Indian…

Key Update NBFCs Dominate Personal Loan Market as Banks Pull Back NBFCs’ share in new personal loan originations jumped to 41% by value and 92% by volume in June 2025, up from 27% and 82% two years ago. Growth is driven by fintech NBFCs offering flexible criteria, while banks…

Key Update Maruti Suzuki Enters Global Top 10 Automakers with $57.6B Valuation Maruti Suzuki’s market cap surged to $57.6B, overtaking Ford, GM, VW, and even its Japanese parent Suzuki. Shares have rallied 25% since Aug 14, driven by GST cuts that boosted demand for small…

Key Update India’s Refinery Throughput Drops 4.4% in August Amid Monsoon, Maintenance Refinery crude processing fell to 5.27 mbpd in August, down 4.4% from July but up 3% year-on-year. Fuel consumption hit an 11-month low at 18.73 million tonnes, down 3.8% month-on-month.…

Key Update India’s Logistics Cost Pegged at 8% of GDP; Rail Emerges as Most Efficient Mode A government-backed study estimated India’s 2023–24 logistics cost at 7.97% of GDP, or ₹24 lakh crore, lower than earlier 13–14% claims. Rail logistics proved most cost-efficient at…

Key Update Govt Clears ₹70,000 Cr Maritime Package, Firms Can Tap All Shipbuilding Sops Shipping secretary T.K. Ramachandran said companies can simultaneously avail incentives under all three new maritime schemes. The ₹70,000 cr package includes a ₹24,736 cr Shipbuilding…

Key Update Taiwan Pushes for FTA with India, Seeks Deeper Chip Collaboration Taiwanese companies want a free trade agreement with India to boost bilateral business, said TAITRA chairman James Huang. Bilateral trade hit $11.78 bn in 2024–25, driven by India’s rising imports of…

Key Update India Seeks US Nod for Iran, Venezuela Oil to Balance Russia Cuts Indian officials told Washington that reducing Russian crude imports requires access to Iranian and Venezuelan supplies. New Delhi warned that cutting off all three producers at once would trigger a…

Key Update Bharti–Warburg JV Plans $451m Bond Issue for Haier India Stake Buyout Bharti Enterprises and Warburg Pincus JV to raise ₹4,000 crore ($451m) via bonds next quarter for Haier India stake acquisition. Bonds expected to carry an 11–12% coupon, with demand anticipated…

Key Update ₹62,370 Cr Tejas Deal Boosts Indigenous Air Power, But Imports Still Crucial MoD signed a contract with HAL for 97 Tejas Mk-1A jets, two-thirds indigenously built, marking a major push for self-reliance. The deal balances indigenisation with combat readiness, as…

Key Update Jaishankar Criticises Energy Uncertainty Amid Global Fragility At the G20 FMs meet, EAM Jaishankar warned against making energy supplies more uncertain in an already fragile economy. He indirectly criticised US tariffs and curbs on India’s Russian oil imports,…

Key Update Russia Seeks Agri JVs with India, Eyes Shrimp and Fertiliser Trade Expansion Russian Deputy PM Dmitry Patrushev led a major delegation to the World Food India expo, focusing on agriculture and fertiliser joint ventures. Talks explored shifting Indian shrimp exports…

Key Update US Reaffirms Kashmir as Bilateral Issue, Rules Out Mediation Role A senior State Department official reiterated that Kashmir is a “direct issue” between India and Pakistan. The US clarified it has “no interest” in asserting itself unless asked to provide good…

Key Update Sharif Courts Trump as US-Pakistan Ties Warm After Years of Strain PM Shahbaz Sharif met President Trump at the White House, the first such meeting since 2019, signaling renewed engagement. Talks covered Afghanistan, counterterrorism, trade, and broader regional…

Key Update Modi Highlights Russia Partnership, Pushes Make in India at Trade Show At the Uttar Pradesh International Trade Show, PM Modi praised Russia as “country partner,” calling ties “time-tested.” He linked the partnership to India’s Make in India drive, stressing…

Key Update India Tests Rail-Mobile Agni Prime Missile, Boosts Strategic Flexibility India’s Strategic Forces Command successfully launched the Agni Prime missile from a rail-based mobile launcher. The next-gen missile demonstrated rapid launch readiness with a strike range up…

Key Update Experts Rule Out Trump for Nobel Peace Prize Amid Global Backlash Nobel observers say Trump has “no chance” of winning, citing his support for Israel in Gaza, aid cuts, and trade wars. Committee insiders note lobbying by the US President is counterproductive, as the…

Key Update Experts Rule Out Trump for Nobel Peace Prize Amid Global Backlash Nobel observers say Trump has “no chance” of winning, citing his support for Israel in Gaza, aid cuts, and trade wars. Committee insiders note lobbying by the US President is counterproductive, as the…