India's thermal coal imports from Russia surged 52% in May 2025, reaching a two-year high due to competitive pricing and higher-grade coal. While Russian coal imports increased, India's overall coal imports dropped by 7.9% in FY25, driven by rising domestic production and a focus on energy self-reliance. High-grade imports remain essential for key sectors.

Trade pain, stock gain: Nike shares jump 15% as it shifts production from China; braces for $1 bn tariff blow, price hikes ahead
https://timesofindia.indiatimes.com/business/international-business/trade-pain-stock-gain-nike-shares-jump-15-as-it-shifts-production-from-china-braces-for-1-bn-tariff-blow-price-hikes-ahead/articleshow/122115737.cms

Nike shares rose after announcing a production shift from China. The company anticipates tariff costs of $1 billion. Price increases are expected in the US this fall. Nike aims to reduce Chinese footwear production to single digits by 2026. Trade agreement details between the US and China remain unclear.

Port squeeze: India curbs cetrain jute imports from Bangladesh via land, allows only Nhava Sheva port access
https://timesofindia.indiatimes.com/business/india-business/port-squeeze-india-curbs-cetrain-jute-imports-from-bangladesh-via-land-allows-only-nhava-sheva-port-access/articleshow/122116792.cms

India has restricted imports of specific jute and woven fabric products from Bangladesh to the Nhava Sheva seaport, escalating trade tensions. This decision, effective immediately, follows concerns over controversial remarks by Bangladesh's interim leader and growing ties with China and Pakistan. The move marks the third trade curtailment in recent months, impacting a bilateral trade relationship valued at $12.

Jio, Airtel add 99.8% of new telecom subscribers in May as Vi, BSNL lose users: Trai
https://timesofindia.indiatimes.com/business/india-business/jio-airtel-add-99-8-of-new-telecom-subscribers-in-may-as-vi-bsnl-lose-users-trai/articleshow/122117291.cms

In May, India's telecom sector saw a slight increase, reaching 120.7 crore subscribers, with Reliance Jio and Bharti Airtel capturing almost all new additions. Jio led with 27 lakh new mobile users, while Airtel added 2.75 lakh, offsetting losses from Vodafone Idea and BSNL. The broadband user base also grew, dominated by Jio and Airtel.

Strategic shipyard deal: Mazagon Dock Shipbuilders to acquire controlling stake in Colombo Dockyard for $52.96 million; India eyes regional maritime edge
https://timesofindia.indiatimes.com/business/india-business/strategic-shipyard-deal-mazagon-dock-shipbuilders-to-acquire-controlling-stake-in-colombo-dockyard-for-52-96-million-india-eyes-regional-maritime-edge/articleshow/122117431.cms

Mazagon Dock Shipbuilders Limited (MDL) is set to acquire a controlling stake in Colombo Dockyard PLC (CDPLC) for up to $52.96 million, marking its first international acquisition. This strategic move aims to expand India's maritime influence in the Indian Ocean Region amidst China's growing presence.

Fertilizers push: Coal India to infuse over Rs 1,067 crore in Talcher Fertilizers; coal gasification plant sees 65% progress
https://timesofindia.indiatimes.com/business/india-business/fertilizers-push-coal-india-to-infuse-over-rs-1067-crore-in-talcher-fertilizers-coal-gasification-plant-sees-65-progress/articleshow/122117611.cms

Coal India will invest over Rupees 1,067 crore in Talcher Fertilizers Limited. This investment supports India's first coal gasification-based ammonia urea plant. The Talcher project aims to produce 12.7 lakh tonnes of urea annually. The project faced delays due to the pandemic. Coal India views this investment as crucial for diversification and fertiliser self-sufficiency.

Forex watch: India’s reserves fall $1 billion to $697.93 billion this week; gold and SDR values decline
https://timesofindia.indiatimes.com/business/india-business/forex-watch-indias-reserves-fall-1-billion-to-697-93-billion-this-week-gold-and-sdr-values-decline/articleshow/122117957.cms

India's foreign exchange reserves decreased by $1.01 billion, reaching $697.93 billion in the week ending June 20, according to RBI data. This decline reverses the previous week's increase. The drop was primarily due to decreases in foreign currency assets, which fell by $357 million, and gold reserves, which slipped by $573 million.

Foreign debt climbs: India’s external debt rises 10% to $736.3 billion in FY25; debt-to-GDP edges up to 19.1%
https://timesofindia.indiatimes.com/business/india-business/foreign-debt-climbs-indias-external-debt-rises-10-to-736-3-billion-in-fy25-debt-to-gdp-edges-up-to-19-1/articleshow/122118155.cms