India's Fuel Consumption Sees 2.6% Growth in June

23 Jul 2024 CW Team

India's fuel consumption rose by 2.6% in June, driven primarily by a surge in demand for aviation turbine fuel (ATF) and petrol. This growth reflects the ongoing recovery in the country's economic activities and an increase in transportation needs.

The aviation sector saw a notable uptick in ATF consumption, indicating a rebound in air travel as restrictions ease and passenger numbers rise. Similarly, petrol usage surged, pointing to increased mobility and consumer confidence in the economy.

The rise in fuel consumption is seen as a positive indicator of economic recovery, with more robust transportation and industrial activities. It also highlights the gradual normalization of demand patterns following the disruptions caused by the pandemic.

This growth in fuel consumption is expected to impact the oil and gas industry, influencing supply chain dynamics and pricing strategies. As India continues to recover economically, sustained increases in fuel demand may prompt adjustments in energy policies and infrastructure investments to meet the growing needs.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..