Indian Development News 🇮🇳
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🇮🇷⚔️ 🇮🇱 Iran hit Israel's Haifa Refinery
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The Economist assessment of who is most vulnerable to the Iran #energy shock. #Oil #nationalsecurity
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🇮🇳☎️🇶🇦 PM Modi speaks with Amir of Qatar H.H. Sheikh Tamin Bin Hamad Al Thani #ForeignAffairs
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Indian Development News 🇮🇳
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🇮🇷⚔️🇮🇱 IRGC:

We struck the Haifa and Ashdod refineries using the "Nasrallah" Missile System, which we are using for the first time.
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🛢️ Brent Crude #Oil drops from $119/barrel to $109/barrel
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🇸🇰🇪🇺 “Our companies are going bankrupt, and the EU only cares about Ukraine and sending MONEY, while IGNORING energy and competitiveness in its own member states” – Slovak PM Fico

#InternationalNews
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16 big beautiful planes have been destroyed. #InternationalNews
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Indian Development News 🇮🇳
Commerce Minister Piyush Goyal met with CEO of US #Defence #Drones company named Anduril. #ForeignAffairs
🇮🇳🤝🇺🇸 After Piyush Goyal, MEA Jaishankar also met Anduril CEO today. #Defence #Drones
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War-hit sea routes are shifting India’s wheat #exports to land: Bihar/UP pivot to Nepal & Bangladesh as freight costs spike. With output at 120 mt and 5–10% export premium, geography—not just production—is driving farm realisations. #agriculture
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Global Pvt firm KKR to invest $310M in PMI Electro, taking majority in Allfleet. Platform targets 5,000 e-buses (3,000 deployed). Deal structure backs fleet ownership + ops alongside manufacturing—signalling where #EV value pools are concentrating.
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🇸🇾 Israeli Media claims Rockets Fired from Syria towards Israel
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Indian Development News 🇮🇳
Arcelor-Mittal /Nippon Steel to set up India’s largest greenfield steel plant. It will be an 8.2 MTPA unit at Anakapalli, Andhra Pradesh, with a ₹80,000 crore investment. Capacity to rise to 24 MTPA, making it one of Asia’s biggest integrated steel complexes.…
🇮🇳🤝🇯🇵 AM/NS begins ₹70,000 cr Andhra steel plant (8.2 mt phase-1) near Vizag port, with land secured in ~2.5 months. Scale + speed signal execution tailwinds; coastal siting tightens logistics and anchors capacity shift toward east/south demand corridors. #MakeInIndia
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Net direct taxes at ₹22.8L cr (+7.2% YoY) vs ₹24.84L cr RE; gap ₹2.04L cr as of Mar 17. Corporate advance tax +9.5% to ₹8.29L cr drives growth, while non-corporate lags (-1.8%). Mix shift toward corporate profits is evident; final tally hinges on March filings. #Economy
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🇪🇪🇷🇺 Estonia says Russian AF Su-30 Aircraft violated it's Airspace.

NATO Scramble Jets in response

#InternationalNews
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🇮🇱⚔️ 🇮🇷 Israeli PM Netanyahu:

"A revolution cannot be initiated from the air, but there must be an element on the ground. There are many options regarding this, which I will not disclose."

#InternationalNews
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~1 mt imports and 5.5 mt stocks cover urea demand till May; LNG supply cuts (~40%) are hitting domestic output, prompting spot gas buys. Fresh import tenders likely for June as kharif demand peaks, keeping supply tightly linked to gas availability. #Agriculture
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Russia issued 72,000 work permits to Indians in 2024 (≈⅓ of foreign hires) as war-driven labour shortages lift wages ($3/hr vs ~$1.5 in Gulf). India’s migrant flows are diversifying beyond GCC, driven by pay arbitrage despite elevated geopolitical risk. #Jobs #ForeignAffairs
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AIESL plans ₹200–300 cr MRO expansion at Jewar/Navi Mumbai as India’s $1.7B market heads to $4B by 2031. With ~90% maintenance outsourced, domestic capacity build-out targets cost leakage and turnaround times amid rising aircraft orders. #Aviation
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