Why Jamnagar Is At The Centre Of A US Energy Push

In this episode of Markets Today, we decode 3 big stories — why US Secretary of State Marco Rubio is visiting Reliance's Jamnagar refinery, the possible Tesla-SpaceX merger, and two solar companies with very different business models.

Rubio At Reliance's Jamnagar Refinery Rubio will discuss expanding Venezuelan oil processing with Reliance, as the US looks for new markets for Venezuelan crude. Jamnagar can process about 14 lakh barrels a day, including heavy crude, while Washington also presses India to diversify away from Russian oil.

Tesla And SpaceX: One Company? Musk says a merger could be a good idea, and special committees are evaluating it, with no final terms and shareholder approval needed. SpaceX's September-quarter revenue rose 161% to $14.58 billion, with a $4.4 billion net profit and AI revenue up about 10x to $7.56 billion.

Solar Boom: Emmvee vs Sterling And Wilson India's solar capacity has grown from under 3 GW in 2014 to about 171 GW in 2026. Emmvee makes modules and cells (Q2 FY27 profit up 61% to ₹382 crore), while Sterling and Wilson executes projects (order book up 34% to ₹12,481 crore).