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Arun Kumar Singh Gets One-Year Extension as ONGC Chairman

December 05, 2025

Arun Kumar Singh Receives One-Year Extension as ONGC Chairman, Ensuring Leadership Stability

Arun Kumar Singh has been granted a rare one-year extension as chairman and CEO of Oil and Natural Gas Corporation (ONGC), allowing him to serve until 6 December 2026. The move highlights the government’s emphasis on maintaining leadership continuity as the country’s largest upstream oil and gas producer undergoes a notable revival in output and operational performance.

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India–US Sign $946 Million MH-60R Sustainment Deal: Naval Readiness

December 05, 2025

India Signs $946 Million MH-60R Sustainment Deal, Enhancing Maritime Readiness

India has signed a $946 million sustainment agreement with the United States to support its fleet of 24 MH-60R Seahawk naval helicopters, marking a major boost to maritime capability and naval aviation preparedness. The pact strengthens long-term operational support and underscores deepening defence cooperation between New Delhi and Washington amid evolving Indo-Pacific dynamics.

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India Ramps Up Rare Earth Magnet Manufacturing: Strategy, Bottlenecks and Exam Facts

December 05, 2025

India Steps Up Rare Earth Value Chain Development Amid Global Supply Disruptions

India is intensifying efforts to establish a self-reliant rare earth ecosystem after China’s recent export restrictions highlighted the fragility of global supply chains. With rare earth magnets forming the backbone of electric mobility, defence systems and advanced electronics, policymakers are prioritising a coordinated national strategy to reduce import dependence and strengthen domestic industrial capacity.

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RBI Reaffirms SBI, HDFC Bank and ICICI Bank as D-SIBs: Capital Norms

December 05, 2025

RBI Confirms SBI, HDFC Bank and ICICI Bank as India’s Systemically Important Banks

The Reserve Bank of India has once again identified State Bank of India, HDFC Bank and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), reaffirming their vital role in safeguarding the nation’s financial stability. The announcement underscores the critical position these institutions hold due to their extensive size, deep market integration and potential to impact the wider economy if disrupted.

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EU to End All Russian Gas Imports by 2027 Key Deadlines, Motives and Impacts

December 05, 2025

EU Finalises Plan to Phase Out Russian Natural Gas Imports by 2027

The European Union has formally agreed to a phased ban on all Russian natural gas imports, marking one of the bloc’s most consequential energy policy decisions in recent decades. The announcement underscores Europe’s determination to sever strategic dependence on Moscow, especially after years of heightened tensions and supply disruptions linked to the Russia–Ukraine conflict.

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