The surge was driven by $0.8 billion in exceptional items, net of impairments and tax effects, alongside margin gains and strategic investments. ArcelorMittal, the world’s leading steel and mining company, posted a robust financial performance for the second quarter of 2025, reporting a threefold increase in net income to $1.8 billion, up from $504 million...
Category: ECONOMY & POLICY
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India’s MNRE Revises Solar Cell ALMM Rule to Support Domestic Bids
The adjustment is expected to streamline compliance and provide greater clarity for bidders participating in government tenders. The Ministry of New & Renewable Energy (MNRE) has amended its guidelines for the Approved List of Models & Manufacturers (ALMM) for solar photovoltaic (PV) cells. Under the revision, the mandate to use domestically listed PV cells will...
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REC Achieves ISO 31000 Certification, a First for India’s Public Sector NBFCs
With this, REC becomes the first public sector NBFC in India to be certified under ISO 31000, marking a new milestone in institutional risk governance. Government-owned non-banking financial company REC Ltd has received ISO 31000:2018 certification for its enterprise-wide risk management framework. The achievement makes REC—a Maharatna PSU—the first Indian public sector NBFC to attain...
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Offshore Energy Gets Boost as India Reforms Licensing Policy: Puri Tells Rajya Sabha
The Andaman Basin emerges as a key frontier in India’s energy exploration, with drilling operations by ONGC and OIL targeting depths of up to 5,000 metres in ultra-deepwater regions. India is witnessing a renewed surge in oil and gas exploration, particularly offshore, revealing vast untapped hydrocarbon potential. In a written reply to a starred question...
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GAIL Posts Q1 FY2026 Revenue of ₹3,479 Billion Amid Sustainability Push
GAIL posts flat Q1 results but leans into future readiness through major capex and sustainability benchmarks. GAIL (India) Ltd reported revenue from operations of ₹3,479 billion in Q1 FY2026, marking a 3 per cent increase over ₹3,369 billion in Q1 FY2025. Profit before tax (PBT) declined to ₹253 billion from ₹364 billion, while profit after...
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Scindia Urges BSNL Circle Chiefs to Adopt CEO Mindset to Drive Services
Heads of high-performing circles have been asked to submit detailed 15-minute case studies for the next quarterly review, showcasing replicable innovations and leadership practices. Union Minister for Communications Jyotiraditya Scindia has urged senior leadership at Bharat Sanchar Nigam Ltd (BSNL) to adopt a chief executive-style mindset and transform their respective circles into high-performance units within...
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AM/NS India Leads Nation in Securing CSIR-CRRI License for Steel Slag Roads
Under the agreement, AM/NS India’s Hazira plant has been cleared to process around 1.7 million tonnes of steel slag annually for application in road building. ArcelorMittal Nippon Steel India (AM/NS India), the country’s largest privately owned steelmaker, has become the Indian company to receive a license for steel slag valourisation technology from the Central Road...
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India’s Satcom Boom: Global Firms Bet on Policy Push and Rural Connectivity
As India ramps up policy support, global satellite operators are positioning to meet soaring demand for broadband connectivity. The current enabling policy environment in India’s spacetech sector—particularly satellite communications—is poised to significantly bolster both investments and connectivity, according to one of the country’s leading telecom authorities. Calling the recent Telecom Regulatory Authority of India (TRAI)...
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Tata Consulting Engineers Subsidiary Ecofirst Successfully Delivers a Piece of India to Osaka World Expo 2025
The successful execution of the India Pavilion at the Osaka Expo has also earned Ecofirst a ‘Platinum Plaque for Sustainable Interiors’ from the Indian Green Building Council (IGBC), the first for a temporary exposition structure in Japan. Prestigious projects exemplifying national pride often transcend mere engineering challenges. In this spirit, Ecofirst Services, a subsidiary of...
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Genesys First in India to Link DIGIPIN with 2D and 3D Maps for Digital Address Infrastructure
Developed in accordance with the Department of Posts’ DHRUVA framework, the system enables real-time address creation, lookup, and visual verification. Genesys, a leading homegrown geospatial technology company, has successfully integrated DIGIPIN—India’s standardised digital address layer—into its national 2D and 3D mapping platforms. This positions the firm at the forefront of building digital public infrastructure (DPI)...