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Prime Minister Narendra Modi on Friday said steps taken in the last decade helped the country to sail through the crisis emerged during the war in the Middle East. He was inaugurating various welfare projects worth over Rs 15,600 crore here, including renewable energy and petroleum infrastructure. "War around Iran and Gulf countries shows how important energy security is. Steps taken for energy security in the last decade helped the country face the crisis with resilience," the PM said. Regarding the Metro Pink Line, which was dedicated to the public, Modi said it gives better connectivity to people in Bengaluru. He also noted that the Metro rail network increased from 17 km in 2014 to over 100 km in 2026 in Bengaluru. On the occasion, Modi lauded Karnataka Governor Sudha Yadav for serving the nation as the widow of a Kargil war hero.
Moody's Ratings on Tuesday said it expects global credit conditions to weaken in 2027 due to higher financing costs and elevated energy prices. The Moody's Ratings' 2027 Global Credit Conditions Outlook report examines the key forces that could shape credit markets in the year ahead. It said AI investment will remain massive, but investors will increasingly focus on whether revenues and productivity gains justify the scale of spending. "Business model disruption will become more visible: some companies will gain from stronger demand and productivity, while others face more competition and weaker pricing power," Moody's Ratings said. Besides, Moody's expects government intervention through tariffs, regulation, export controls and strategic investment to play a growing role in credit outcomes. "As many of these tools can be introduced or reversed by executive action, policy can shift quickly, therefore this will continue to influence trade, capital allocation and competition in 2027
JSW Energy on Wednesday reported an over 38 per cent year-on-year rise in consolidated net profit to Rs 1,141 crore in the September quarter, driven by higher revenues. The company had posted a net profit of Rs 824 crore in the second quarter of the preceding financial year, JSW Energy said in an exchange filing. During July-September, the company's total income rose to Rs 6,657.71 crore from Rs 5,361 crore in the year-ago period. The board of JSW Energy also approved raising of long-term funds up to Rs 5,000 crore through the issuance of rated and listed non-convertible debentures on a private placement basis, in one or more tranches, and authorised the Finance Committee to decide on all matters relating to the issuance of the debentures, from time to time, including finalisation and approval of the detailed terms of issue, the filing said. The company's current installed capacity stands at 15,147 MW, of which renewables account for 9,189 MW, or 61 per cent. The renewable portfoli
US President Donald Trump's waiver from sanctions, restrictions and tariffs under the Sanctioning Russia and Iran Act (SRIA) gives India temporary relief but offers no lasting certainty, and New Delhi should safeguard its energy security and buy oil on commercial terms, think tank GTRI said on Saturday. It said that the move gives India relief from threatened additional duties of up to 100 per cent linked to Russian oil purchases. "But the relief is reversible. Washington can restore the tariffs anytime, leaving India and other buyers uncertain about future US action," the Global Trade Research Initiative (GTRI) said. It also said SRIA remains a law, leaving Washington free to revive the tariff threat to extract concessions in bilateral trade talks. The think tank added that Russia's share of Indian oil imports fell from 51 per cent in July to 44 per cent in August as India bought more from the US, despite higher prices, and from the UAE. "For India, the waiver buys time but offer