Reliance Infrastructure Ltd. has resolved a significant financial dispute by settling a ₹92.68 crore tariff claim with Dhursar Solar Power Pvt. Ltd. This payment effectively nullifies the initiation of insolvency proceedings that had been initiated by the National Company Law Tribunal (NCLT). The settlement underscores the company's commitment to addressing outstanding liabilities and stabilizing its financial position amid ongoing restructuring efforts.

India’s fuel consumption showed notable strength in May 2025, driven by a seasonal uptick in travel and agricultural activity. Petrol sales saw a robust year-on-year increase of 8.77%, reaching 3.76 million tonnes, while LPG demand surged by 13.4%, buoyed by widespread adoption through government subsidy programs. Jet fuel consumption also posted gains, supported by increased air traffic. Diesel, although India’s most widely used fuel, recorded only modest growth of 2%, reflecting structural changes in usage patterns.

For the first time in six years, Indian Prime Minister Narendra Modi is expected to skip the G7 summit, scheduled for June 15–17 in Alberta, Canada. Although an invitation from Ottawa has yet to materialize, New Delhi is reportedly disinclined to participate due to strained bilateral relations. The diplomatic standoff, triggered by Canada's allegations linking India to the killing of a separatist figure in 2023, continues to hinder high-level engagement.

In a significant move to bolster Haryana's infrastructure and technological capabilities, Chief Minister Nayab Singh Saini chaired a series of high-powered purchase committee meetings on June 2, 2025. The state government sanctioned contracts and purchases totaling over ₹1,640 crore, aiming to enhance rural sanitation, education, healthcare, and urban infrastructure. Notably, negotiations with various bidders resulted in savings of approximately ₹61 crore, underscoring the government's commitment to cost-effective governance.

The Punjab Cabinet has approved a new Land Pooling Policy aimed at facilitating planned urban development without forcibly acquiring land from farmers. Under this policy, landowners can voluntarily contribute their land in exchange for developed residential and commercial plots. The initiative is set to be implemented in 27 major cities across the state, with the first phase focusing on Ludhiana. The policy has been met with both support and criticism, as stakeholders weigh its potential impact on urban growth and agricultural communities.

India’s real GDP growth is expected to moderate further to 6.2% in FY26 from 6.5% in FY25, according to a recent forecast by Japanese brokerage Nomura. The report highlights a divergence between tax revenues and other key growth indicators, such as auto sales and credit expansion. Despite the slowdown, equity markets remain resilient, driven by robust domestic fundamentals. Nomura has also revised its March 2026 Nifty target upwards, citing positive macroeconomic signals.

In a move signaling continuity and confidence in leadership, the Government of India has extended the tenure of Swarup Kumar Saha, Managing Director and Chief Executive Officer of Punjab & Sind Bank, until February 2027. The decision, approved by the Appointments Committee of the Cabinet, follows an impressive financial year in which the bank more than doubled its net profit for the March 2024 quarter.

India’s largest life insurer, the Life Insurance Corporation of India (LIC), has inducted two senior executives—Ratnakar Patnaik and Dinesh Pant—into its top leadership, appointing them as Managing Directors effective May 14, 2025. With these appointments, LIC strengthens its leadership team, which operates under a four-MD structure. Patnaik, formerly the Chief Investment Officer, brings extensive expertise in capital markets, while Pant, the corporation’s Appointed Actuary, adds deep technical and regulatory knowledge.

French energy conglomerate TotalEnergies is intensifying its energy collaboration with India, focusing on augmenting liquefied natural gas (LNG) exports and bolstering renewable energy investments. CEO Patrick Pouyanné announced plans to enhance LNG sales from the United States to India, aligning with the nation's growing energy demands. Simultaneously, TotalEnergies is deepening its partnership with Adani Green Energy Limited (AGEL), committing approximately $444 million to a joint venture aimed at developing a 1,150 MW solar project in Khavda, Gujarat.

Kotak Mahindra Bank has announced the promotion of Paritosh Kashyap, the current Group President, to the position of Executive Director, pending regulatory approvals. Kashyap, a veteran with over 30 years at Kotak, has been steering the wholesale banking segment since 2022 and has overseen pivotal areas such as Structured Finance, Real Estate, and Debt Capital Markets. Concurrently, the bank is preparing for the retirement of Deputy Managing Director Shanti Ekambaram, who has been instrumental in the Group's growth since 1991.