India cracks down on prediction markets: Polymarket goes dark, Kalshi could be next
Polymarket, the world’s largest decentralized betting platform, has gone dark for users in India. The website says, “This site can’t…
Month: May 2026
Rupee nears 97/$ amid higher oil prices, US yields
Rupee Plunges to Record Low of 96.79 The Indian rupee closed at a record low at 96.79 on Wednesday as…
Explainer: How India raised dollar deposits from NRIs during earlier crises
Government Mulls Diaspora Dollar Schemes as Geopolitical Crises Threaten a $70 Billion BoP Deficit India’s Balance of Payments (BoP) for…
India’s power demand hits record 265 GW, nears projected 270 GW peak
India’s Peak Power Demand Crushes Records for Third Straight Day to Hit 265.44 GW India’s peak power demand hit a…
India scales up Russian crude purchases as premiums halve
Indian Refiners Ramp Up Russian Crude Imports as Premiums Halve Amid Middle East Shipping Chaos India’s refiners are sharply increasing…
BPCL shifts to spot buying as West Asian oil contracts falter amid Iran war
BPCL Spikes Independent Sourcing to 65% as Middle East Conflicts Fracture Term Contracts State-run Bharat Petroleum Corporation (BPCL) has sharply…
Transmission delays hit India’s green push; 300 GWh RE curtailed in Q1
Grid Bottlenecks Force 300 GWh Renewable Energy Curtailment in Q1 2026 India’s rapidly expanding renewable energy capacity is beginning to…
Brent may hit $200/bbl if Hormuz closure extends through 2026: Report
Wood Mackenzie Warns Prolonged Closure Could Push Brent Oil to $200 and Trigger Global Recession A prolonged closure of the…
Explainer: What the curbs on exports say about the sugar economy
Sweetener to Sovereign Energy: Inside India’s Total Sugar Export Ban and Biofuel Pivot Recent policy decisions relating to sugar exports,…
Pulse imports fall 34% in FY26
India's Pulse Imports Plunge 34% to $3.63 Billion in FY26 India’s pulse imports dropped sharply 34% to $ $3.63 billion…