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Pune, June 05: IndianOil continues to maintain adequate and uninterrupted supplies of Petrol (MS), Diesel (HSD) and Liquefied Petroleum Gas (LPG) across the country through their extensive supply and distribution network.

Fuel dispensing operations are continuing normally at all retail outlets, and supplies are being maintained without any restrictions. The operation at Retail Outlets are mandated by PESO licenses and NOCs issued by the District Magistrate. Hence, they have to abide by the PESO rules for dispensing of fuels.

Adequate stocks of petroleum products are available across the supply chain, and replenishment activities are being carried out continuously to efficiently meet demand. The overall supply situation remains stable, with all logistics and distribution channels functioning smoothly and effectively.

LPG supplies to domestic consumers are also being maintained normally, with deliveries continuing uninterrupted across all regions.

IndianOil is working in close coordination with State Governments, local authorities and supply chain partners to maintain uninterrupted access to essential petroleum products for citizens, industries and agricultural consumers.

Consumers are requested to continue with normal purchasing behaviour and avoid unnecessary or panic buying. There is no cause for concern regarding the availability of Petrol, Diesel or LPG. The public is advised to rely only on official communications issued by IndianOil and authorised agencies for accurate and verified information regarding fuel supplies.

June 4, 2026 – Vilnius, Lithuania. Astrolight, a Lithuanian space and defense company developing laser communication solutions for space, ground, and maritime applications, has won the Lithuanian regional competition of the Startup World Cup, the world’s leading startup pitch contest. The company will head to the Startup World Cup Grand Finale in San Francisco on November 6, 2026, and compete with finalists from around the world for the title of global champion and a US$1 million investment prize.

“Because satellite constellations grow and missions expand across Earth observation, defense, emergency response, and future AI infrastructure in orbit, the need to move data between space and Earth is rising fast. Traditional radio-frequency communications alone will soon struggle to keep pace – on both the technological and regulatory level,” explained Mačiulis. “Laser links will close that gap. Much like optical fiber transformed the internet, laser communication will transform space communications in terms of data volumes and speed.”

Novaspace, the leading space market research firm, projects global revenues for space laser communication terminals will reach $12.9 billion through 2035, driven by the industry’s structural shift away from radio-frequency (RF) communications as operators face mounting RF spectrum constraints: regulatory scrutiny, licensing delays, and interference bottlenecks.

Similar pressure is now reaching AI infrastructure. As land-based datacenters run into limits around space, power, and cooling, industry leaders are starting to look at putting datacenters and compute systems in orbit, with high-speed laser communications as a core infrastructure layer.

Unlike radio-frequency communication, laser links use narrow and focused beams of infrared light, which can transmit data at up to 100 times faster rates than RF and are extremely resilient to electronic interference, jamming, and interception.

Incidents of electronic warfare in space and on land are growing. Russian GPS spoofing from Kaliningrad can now reach 450 km into Europe, GPS/AIS interference has surged in the Middle East Gulf, and Russia has been accused of intercepting European satellite communications and regularly jamming UK military satellites.

“The current geopolitical situation shows how vulnerable satellite communications can be, especially when they depend solely on radio-frequency. That’s why for defense users and commercial operators alike, resilient connectivity is becoming a matter of strategic advantage,” added Mačiulis. “In such an environment, laser communication should not be limited to a small number of highly specialized missions. Smaller, cost-efficient, and interoperable terminals can make optical links more accessible, helping more operators secure their communications in space. That’s what we’re aiming for at Astrolight.”

Earlier, Astrolight secured contracts and partnerships with the European Space Agency (ESA), industry primes, and leading satellite manufacturers. The company has launched three of its ATLAS-1 laser terminals into orbit for testing, joined a Kepler Communications-led team developing ESA’s HydRON optical multi-orbit transport network, and is working with ESA to build the first Arctic optical ground station in Greenland.

Startup World Cup is a global startup competition and conference organized by Pegasus Tech Ventures, a Silicon Valley-based multinational venture capital firm. The competition includes more than 100 regional events across North America, South America, Europe, Africa, Asia, and Australia, followed by the Grand Finale in Silicon Valley.

The contracts underscore shipyard expertise in complex vessel fabrication and highlight the UAE’s growing prominence as a shipbuilding hub

Abu Dhabi, UAE – 4^th June 2026: SAFEEN Drydocks, a shipbuilding, repair and maintenance company, has secured two major vessel construction contracts valued at AED 1.3 Billion (USD 354 million) in total, marking the largest awards secured by SAFEEN Drydocks to date and reinforcing the UAE’s growing position as a shipbuilding hub. 

SAFEEN Drydocks is a joint venture between AD Ports Group (ADX: ADPORTS) and Premier Marine Engineering Services, operating within Noatum Maritime’s portfolio, as part of its broader offering of integrated maritime services. 

 The first project includes the design and fabrication of four 140-metre multipurpose vessels for AD Ports Group, representing one of the largest maritime vessel projects to be undertaken in the UAE. Supporting a range of cargo and logistics operations, each will have capacity for 105 passengers, up to 300 containers, including more than 100 reefer plugs, as well as high and heavy cargo, and up to 1000 cars and 100 trailers. 

The second award relates to the construction of 18 specialised marine support units for Nigeria’s Oilbank Logistics Services Ltd, including tugboats and pilot boats of various sizes. These will support port operations and offshore logistics in Nigeria and represent one of the biggest international vessel programmes secured by SAFEEN Drydocks.

SAFEEN Drydocks has rapidly expanded its ability to deliver complex newbuild and repair programmes. Operating across facilities in the UAE and Spain, including its shipyard at Khalifa Port and the recently acquired Balenciaga Shipyard, the company combines multi-disciplinary engineering, modular construction methods, precision fabrication and a century of shipbuilding expertise.

Captain Ammar Al Shaiba, CEO – Maritime & Shipping Cluster, AD Ports Group, said: “These contract awards demonstrate SAFEEN Drydocks’ ability to deliver complex vessel construction programmes for both local and international customers. From multipurpose commercial vessels to specialised marine support assets, the projects demonstrate the strength and versatility of our shipbuilding capabilities in the UAE. Expanding in-country capacity remains strategically important, supporting industrial growth, strengthening resilience across the maritime sector, and reinforcing the UAE’s position as an emerging regional shipbuilding hub.”

Biodun Otunola, Executive Director – Oilbank Logistics Services Ltd, said: “This contract represents an important step in strengthening our marine operations and supporting the long-term development of our port and offshore infrastructure. SAFEEN Drydocks demonstrated a strong understanding of our operational requirements and the technical expertise to deliver a project of this scale, and we look forward to bringing these vessels into service.”

The awards reflect the growing depth of the UAE’s shipbuilding ecosystem, where facilities such as SAFEEN Drydocks are playing an increasingly central role in delivering advanced vessels, supporting the localisation of expertise and the UAE’s ambition to become a regional hub for maritime manufacturing.

Pune, June 4: On World Environment Day, HDFC Bank, through its CSR programme Parivartan, in partnership with CII Foundation, announced a landmark milestone in its Crop Residue Management (CRM) initiative, 88% of 3,78,425 acres of farmland have been saved from stubble burning across Punjab and Haryana in the 2025 season. Reaching 86,000 farmers across more than 380 villages in Ludhiana and Sangrur districts of Punjab and Fatehabad district of Haryana, the programme is a comprehensive and impactful private-sector-led effort to tackle agricultural air pollution in North India.

Stubble burning after the paddy harvest is among the contributors to the severe air pollution that blankets North India every winter, disrupting life and aggravating chronic heart and lung diseases. Burning one tonne of paddy straw, generated in approx. 1/3rd of an acre farm, releases three kilograms of particulate matter into the atmosphere, while also stripping the soil of essential nutrients. Despite a 53% reduction in burning incidents in Punjab and Haryana in 2025, small and marginal farmers continue to face barriers in accessing machinery and managing residue within tight inter-seasonal windows.

Launched in October 2023 in Ludhiana and expanded in 2024 to Sangrur and Fatehabad, the three-year programme is implemented by CII Foundation across 380 villages. To date, 8 villages have eliminated stubble burning entirely, and 174 have achieved over 90% non-burning compliance.

Speaking about the milestone, Nusrat Pathan, Head – CSR, HDFC Bank, said,

 “Stubble burning is not simply an agricultural habit – it is a systemic challenge rooted in economics, access, and awareness. HDFC Bank Parivartan’s partnership with CII Foundation has addressed all three dimensions simultaneously. By making machinery accessible to farmers through cooperative tool banks, driving behaviour change through sustained community engagement, and introducing ex-situ solutions like biogas and composting, we have built a model that delivers environmental outcomes alongside real savings for farmers. On World Environment Day, we reaffirm our commitment to scaling this impact further.”

The programme’s success is anchored in a community tool bank approach: over 450 pieces of farm machinery, including Balers, Super Seeders, Smart Seeders, Mittar Seeders, were procured and donated to more than 140 farmer cooperatives and Farmer Producer Organisations (FPOs), making these available to farmers at an affordable rental cost.  800 tractors were deployed on hire for small and marginal farmers during the peak stubble burning period. Use of machinery enables in-situ residue management, mulching and incorporating paddy straw into the soil while also completing soil preparation, sowing of wheat seeds and fertiliser application in a single operation – reducing stubble management and sowing costs from ₹2,000–₹2,500 per acre to approximately ₹800–₹1,200 per acre, while also improving soil fertility and reducing dependence on chemical fertilisers in the long run. Farmers unable to adopt in-situ straw management methods could use Baler machines to mechanically collect, bundle and dispose of straw in a quick time. Over 30 village youth were mentored and supported with provision of Baler machines to initiate small businesses on paddy straw aggregation, supply chain management and value addition. Eighteen paddy straw-based small biogas units have been installed, and two bio-pelletization plants and one bio-fertiliser plant are being established under the program to enhance ex-situ straw management.

Farmers’ participation and sustained behaviour change was brought about through thousands of village-level meetings, farmer awareness sessions, and training programmes conducted in partnership with the Agriculture Department.

Chandrakant Pradhan, Lead – Climate Resilience, CII Foundation, said,

“What makes this programme exceptional is the depth of community ownership it has generated. Farmers who once had no alternative to burning now champion in-situ management and actively encourage their neighbours. Across villages in Ludhiana, Sangrur and Fatehabad, farmers in large numbers have moved on from the practice of open field burning of paddy straw for years, to become harbingers of a zero burning movement just within a two-to-three-year time, a testament to what becomes possible when communities are equipped, educated, and trusted to lead change.”

The human dimension of the programme reflects its breadth of reach. Gurmeet Singh of Cheema village, Ludhiana, shifted to CRM practices across his entire farm in 2023 and has since halved his per-acre residue management costs. Paramjeet Singh, a small landholder from Lamba village in Fatehabad, found that access to a cooperative-owned Super Seeder eliminated the financial pressure of expensive private machinery rentals, making sustainable farming viable for even the most resource-constrained households.

As the programme continues through 2026–27, HDFC Bank Parivartan and CII Foundation are committed to deepening adoption in new villages, expanding ex-situ straw management infrastructure, and building long-term agricultural resilience across the region.