DECARBONISATION DEMOGRAPHY DEFICIT REDUCTION
4:30 AM wake-ups, 40 pills, vegan meals and more: Biohacker Bryan Johnson’s daily routine goes far beyond a $2 million price tag
Tech millionaire Bryan Johnson is spending over $2 million a year in a bid to reverse aging. His meticulous routine begins at 4:30 AM with light therapy, intense workouts, strict vegan meals, oxygen chambers, and 40 daily supplements. Claiming the heart of a 37-year-old and lungs of an 18-year-old, Johnson's lifestyle raises the question—can money really buy immortality?
Elon Musk endorses Warren Buffett’s 5-minute plan to erase the deficit — bold idea gains momentum
Warren Buffett's decade-old idea to curb America's budget deficits by making Congress members ineligible for re-election if the deficit exceeds 3% of GDP has resurfaced. Supported by Elon Musk and Utah Senator Mike Lee, the proposal gains traction. Lee is drafting a constitutional amendment to oust Congress members when inflation exceeds 3%, linking overspending to inflation.
Govt asks edible oil industry to pass on duty cut benefits to consumers
The food ministry has directed edible oil industry associations to immediately pass on import duty reductions to consumers, following a government decision to halve customs duties on crude oils. This action comes in response to soaring food inflation, with the aim of lowering retail prices.
EVs offer 15–20% cost advantage over diesel in logistics: Report
This economic benefit is driving EV adoption, expected to reach 35% in e-commerce logistics by 2027, though challenges remain in heavy commercial vehicle segments and infrastructure.
India signals: This is not the time to hold back
India demonstrates resilience amidst global economic challenges, marked by strategic RBI rate cuts and impressive GDP growth alongside low inflation. Structural reforms like Aadhaar, UPI, and GST, coupled with government capex and RBI liquidity measures, underpin this resurgence. Focus on empowering SMEs and liberalizing gold-backed loans aims to fuel job creation and financial inclusion.
RBI to stop daily variable rate repo auctions on surplus liquidity
The Reserve Bank of India will halt daily VRR auctions from June 11 due to surplus liquidity exceeding 1% of NDTL. This move aligns with stable liquidity conditions and no new OMOs. Bond yields rose amid negative sentiment and triggered stop losses following a policy stance shift to ‘neutral’.
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From Wednesday, banks can't queue up daily to borrow from RBI
The Reserve Bank of India will discontinue daily variable rate repo auctions from June 11 due to surplus liquidity in the banking system, which has averaged ₹2.75 lakh crore in June. This decision aligns with the RBI's target of maintaining surplus liquidity near 1% of net demand and time liabilities.
Big 4: Drivers that will power India's economy
India's FY25 GDP growth slowed to 6.5%, a four-year low, despite a strong March quarter. The nation remains the fastest-growing major economy, driven by government spending, rural consumption, and low interest rates. While urban demand is currently weak, tax relief and easing inflation are expected to boost consumer spending and overall economic growth in the coming year.
HDFC Bank cuts these lending rates by 10 bps; check details
HDFC Bank announces a cut in its MCLR. This benefits borrowers with loans linked to this benchmark. The reduction is up to 10 basis points on select tenures. The revised rates range from 8.90% to 9.10%. These rates are effective from June 7, 2025. This follows the Reserve Bank of India's repo rate cut.
Tata Steel aims to commission UK electric arc furnace project by 2027
Tata Steel is progressing with its low-carbon steel project in the UK. Construction at Port Talbot is expected to begin in July 2025. Operations are slated to commence by 2027. The company received necessary approvals for the USD 1.5 billion project. The transition involves shutting down upstream operations and using imported substrate.
Tata Steel looks to begin construction of EAF project in UK in July
Tata Steel is set to begin construction of its low-carbon electric arc furnace (EAF) steelmaking project in Port Talbot, UK, in July 2025, with operations slated to commence by 2027. Supported by UK government funding, this initiative transitions Tata Steel from blast furnaces to a low-emission EAF process utilizing local scrap, while also focusing on significant cost rationalization.
DEE Development Engineers plans to diversify into hydrogen production
DEE Development Engineers Limited plans to expand into hydrogen production. The company acquired a stake in Maldives Design Limited. This acquisition will help in hydrogen purification and ammonia cracking. The company aims for technology tie-ups for complete hydrogen plant manufacturing. The government's focus on green hydrogen presents significant business opportunities.
US Congressman raises Sindh human rights concerns with Pakistan delegation
US Congressman Brad Sherman addressed critical issues facing Sindh, Pakistan, including water scarcity, enforced disappearances, and repression. He emphasized the Indus River's protection and expressed concern over unrest and human rights violations. The Sindhi Foundation lauded Sherman's advocacy, highlighting threats like illegal canals and census manipulation, seeking international attention to safeguard Sindhi rights.
Extreme poverty in India down to 5.3% in 2022-23: World Bank
India witnessed a significant decline in extreme poverty, dropping from 27.1% in 2011-12 to 5.3% recently, even with the World Bank's revised poverty line of USD 3 per day. This reduction was supported by free and subsidized food transfers, narrowing the rural-urban poverty gap.
New stats register soon to help gauge business outlook
The government is set to launch a Statistical Business Register (SBR) to compile data on businesses at the district and state levels. This initiative by the Ministry of Statistics and Programme Implementation (MoSPI) aims to improve business surveys and market analysis.
India calls for global facility for disaster risk reduction
India has advocated for a UN-backed global facility to enhance disaster risk reduction (DRR) efforts worldwide, addressing a critical gap in international financial support. PK Mishra highlighted the necessity of a dedicated mechanism to aid vulnerable nations in preparing for climate-related disasters. The call emphasizes nationally driven frameworks supported by diverse financial instruments like risk pooling and insurance.
Cos hail RBI move to exempt small-ticket gold loans from stringent appraisal requirements
The Reserve Bank of India's decision to ease appraisal norms for small gold loans is set to improve credit access, according to gold loan companies. A repo rate cut of 50 bps to 5.50% and a CRR reduction are expected to boost liquidity and lower credit costs.
Lloyds’ Surjagarh mine set to be the first ‘green mine’ of India
Lloyds Metals and Energy Ltd's Surjagarh Iron Ore Mine in Maharashtra is pioneering green mining in India, aiming to be the first of its kind. Through green technologies and a commitment to decarbonization, the mine has significantly reduced CO₂ emissions.
RBI takes up axe in hand for frontloading rate cuts to push 3D India
The Reserve Bank of India cut the repo rate by 50 basis points to 5.50%, marking its third consecutive reduction and totaling 100 basis points of cuts in 2025. It also slashed the Cash Reserve Ratio (CRR) by 100 basis points to 3%, injecting additional liquidity into the banking system. The RBI shifted its monetary policy stance from "accommodative" to "neutral", citing muted inflation and the need to support economic growth.
Vedanta Aluminium partners PwC India to scale up sustainability initiatives in Odisha, Chhattisgarh
Vedanta Aluminium is growing its sustainability work with PwC India. The focus will be on projects in Odisha and Chhattisgarh. The partnership will now include all operational areas. Decarbonisation, water conservation, and biodiversity are key goals. Vedanta aims for carbon neutrality by 2050. This supports India's net-zero target for 2070. The company wants to lead a more sustainable aluminium industry.
Serentica Renewables secures over $100 million debt funding from Rabobank, Societe Generale
Serentica Renewables secured USD 100 million in debt financing from Rabobank and Societe Generale for a 300 MW solar project in Rajasthan. This project will supply green energy to BALCO, aiding in the decarbonisation of India's industrial sector.
Towards Net Zero: Rethinking business for a sustainable future
Indian businesses are increasingly focused on achieving net-zero emissions by 2070, integrating sustainability into their core strategies. Companies are measuring their environmental impact, reducing carbon footprints, and adopting renewable energy sources. Embracing energy efficiency, digitalization, and regulatory compliance is crucial for driving sustainable practices and contributing to India's broader environmental goals.
Make in India, circularity, and fitness fads – Decathlon wants a chunk of India’s sports retail pie
With 1,750 stores worldwide and 133 stores in India, the sports retailer is now looking to further its sustainability operations in the India market.
Finance ministry wants lower energy prices for green steel incentives, sources say
India's finance ministry is waiting for green hydrogen prices to fall. This is before they decide on financial support for green steel production. Steel producers are seeking incentives for decarbonization. The finance ministry is concerned about the high costs of green hydrogen. They worry it could make green steel unviable and inflationary. This could delay India's 2070 net-zero goal.
'I just can’t stand it anymore': Elon Musk blasts 'massive, outrageous, pork-filled Congressional spending bill'
Elon Musk called Donald Trump's tax and spending bill a 'disgusting abomination'. He said it would increase the budget deficit. Musk previously criticized the bill for undermining his Department of Government Efficiency. The White House defended the bill. The bill aims to reshape American policy through tax changes, spending cuts, and border security measures.
Rupee ends slightly lower, but bias for rise to 85 persists
The Indian rupee closed marginally lower on Tuesday, but analysts said the underlying bias continues to be for a gradual appreciation to 85 per dollar amid persistent dollar weakness and easing headwinds.
India to develop 50 more airports in 5 years: K Rammohan Naidu
Union Minister K Rammohan Naidu announced India's ambitious plan to add 50 more airports in the next five years, building upon the existing 162. He highlighted the success of the UDAN scheme in democratizing air travel by operationalizing 619 routes.
Tata's Gopalpur SEZ joins World Economic Forum for clean energy revolution
Tata Steel SEZ's Gopalpur Industrial Park joins the World Economic Forum's initiative to cut CO2 emissions and boost economic growth. Located in Odisha, GIP is becoming a hub for green hydrogen and energy equipment manufacturing. GIP aims to contribute 10% to India's green hydrogen production target by 2030, with investments exceeding Rs 27,000 crore.
Key climate target of airline decarbonisation 'in peril': IATA
IATA warns that the airline industry's 2050 decarbonisation target faces challenges. Policies favouring fossil fuels are slowing progress. Sustainable Aviation Fuel is crucial but expensive. Investment of $4.7 trillion is needed.
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