January 5, 2026

Supreme Court Blocks Customs Duty on Adani Power’s SEZ Electricity Supply

The Supreme Court has ruled that Adani Power Ltd is not liable to pay customs duty on electricity sent from its SEZ plant to Domestic Tariff Areas. The Court overturned a 2019 Gujarat High Court ruling and ordered refunds within eight weeks, saying the duty had no legal backing.

January 5, 2026

US Monitors Tanker Near Ireland as Venezuelan Oil Ships Dodge Caribbean Blockade

A tanker is under US military watch near Ireland, while Venezuelan oil ships try to bypass a US naval blockade in the Caribbean. The ships turned off tracking signals, using fake names to escape sanctions. US aircraft patrols the area to enforce the blockade on Venezuelan oil exports.

January 5, 2026

KSRTC Slashes Premium Bus Fares to Boost Off-Season Travel from January 5, 2026

KSRTC has reduced fares on premium bus services from January 5 to attract more travelers during the slow January-March period. This fare cut covers buses from major depots and different service classes to compete with private operators.

January 5, 2026

Telangana Govt Denies New Debt Plans in GHMC Trifurcation, Aims to Cut Loan Burden

Telangana Government rejects claims of fresh borrowing from GHMC trifurcation. Minister D. Sridhar Babu says no new loans taken in 12 months; focus on cutting interest burden on ₹4,717 crore debt.

January 5, 2026

Oil Prices Dip After US Captures Maduro; Former Chevron Exec Eyes $2bn Investment in Venezuela

Oil prices slipped after the US captured Venezuelan president Nicolás Maduro. A former Chevron boss is raising $2bn to invest in Venezuela's oil. Despite falling output, Venezuela holds huge crude reserves. OPEC+ sticks to current production plans. Gold, silver, and bitcoin also rose amid global uncertainty.