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India has achieved a record 31.25 GW of non-fossil power capacity addition this financial year, with solar power leading the surge. The nation’s solar capacity has grown over 4,500% in a decade, positioning India as a significant global driver of renewable energy and a key player in the energy transition.

Volkswagen Group is scaling back its investment plans to €160 billion through 2030, citing pressure in China and the US. CEO Oliver Blume emphasized a focus on Germany and Europe for products, technology, and infrastructure. Porsche’s EV strategy is being rolled back, with no expected growth in China, while Audi’s US plant decision hinges on

India’s Russian crude imports may hit a four-year low in January 2026 due to US sanctions, forcing refiners to seek alternatives. Despite pressure, Russia is exploring new channels, with potential for non-sanctioned oil flows to resume. India’s strategic need for cost-effective energy and Russia’s efforts to maintain trade suggest this dip might be temporary.

IndiGo’s nationwide operational crisis continues into its fifth day with over 800 flights cancelled. The government has imposed fare caps, ordered immediate refunds, and mandated baggage return within 48 hours. While IndiGo claims 95% network connectivity restored, disruptions persist for thousands of passengers.

A survey reveals that 87% of IndiGo passengers desire their service issues to be addressed under the Consumer Protection Act’s Class Action provisions. This demand follows widespread flight cancellations and delays, with passengers also reporting concerns about refund integrity and inadequate compensation.

IndiGo CEO Pieter Elbers expects fewer than 1,000 flight cancellations on Saturday, with operations normalizing between December 10-15. The airline scrapped over 1,000 flights due to planning gaps in new Flight Duty Time Limitations (FDTL) norms, apologizing for the disruption. The DGCA has paused the FDTL rules, and a high-level inquiry is underway.

Indian markets are inching towards record highs, mirroring a quiet week on Wall Street. Retailers like Ulta Beauty and Victoria’s Secret are driving gains, while Netflix’s acquisition news caused a dip. Investors are anticipating a Federal Reserve rate cut next week, aiming to bolster the job market despite inflation concerns. Global markets show mixed trends.

India can boost its exports to Russia seven-fold, reaching $35 billion by 2030, by tapping into sectors like food, pharmaceuticals, and textiles. Currently, trade is heavily skewed towards oil imports, with exports lagging significantly. A key hurdle is the lack of a predictable payment system, hindering broader market access for Indian goods.

Amidst US sanctions on Russian oil majors, President Putin has assured India of consistent energy supplies, including oil, gas, and coal. This comes as India faces US pressure over its crude oil trade with Russia. Beyond fossil fuels, Russia is also deepening collaboration with India in nuclear energy, transport logistics, and advanced technology sectors.

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