India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
India is boosting its energy storage. Around 12,500 MW of BESS projects are under tender. Another 3,300 MW are in the pipeline. The country aims for 8,500 MWh in two years. Current BESS capacity is around 205 MW. The government targets 3,000 MW of hydro pumped storage this year. Around 12,500 MW capacity of Battery Energy Storage System (BESS) projects are under tendering process and 3,300 MW in the pipeline, Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday. He was speaking on the second day of India Energy Storage Week organised by India Energy Storage Alliance (IESA) here. "We have roughly around 3300 MW capacity in the pipeline, culminating to 8500 megawatt hour (MWh)...expected in the next two years. Another thing which is in the tender stage, roughly around 12,500 megawatt...roughly 42,000 MWh capacity is under the tender stage," Prasad said. He further said that the country's current BESS capacity "looks very meagre". It stands at around 205 MW, which is around 506 megawatt hour only. This year, the government is targeting around 3,000 megawatt of hydro pumped storage project (PSP) capacity in the country, and working to increase it to 50 GW in the years to come, he said. "But what is more important is raising the figure from 5 gigawatt...to around 50 GW or more of hydro PSP in a next 5 or 6 years...and we are working on it," Prasad said.
Patna: The state cabinet on Tuesday approved the Bihar Renewable Energy Policy 2025, setting a new direction for the state's transition towards clean and sustainable energy."This policy is a significant milestone in Bihar's journey towards a cleaner, more sustainable energy future. It reflects the CM's deep commitment to environmentally responsible development that safeguards future generations," energy minister Bijendra Prasad Yadav said.Energy secretary Manoj Kumar Singh said the policy would help meet growing energy needs while reducing dependence on fossil fuels. "This marks a step forward ...Read More >
Mumbai, July 4: Tata Power Chairman N Chandrasekaran, addressing the company's 106th Annual General Meeting (AGM) on July 4, emphasized the company's strategic growth, operational excellence, and unwavering commitment to clean energy, even as he acknowledged recent challenges. Opening the address with a solemn note, Chandrasekaran said, "We honour those who lost their lives in the recent Air India flight tragedy AI-171. Across the Tata Group, our thoughts are with the affected families and loved ones." He also paid homage to the late Ratan Tata, saying, "We bid farewell to Mr. Ratan Tata las ...Read More >
Bengaluru, Jul 19 (PTI) Hockey India on Saturday announced a 40-member core probable group for the upcoming senior women's national coaching camp, which will be held at the Sports Authority of India (SAI) Centre here from July 21 to August 29. The camp holds significant importance as the Indian women's hockey team gears up for the women's Asia Cup, set to begin on September 5 in Hangzhou, China. The tournament will serve as a direct qualification pathway for the 2026 FIH Women's World Cup, with only the champion earning a guaranteed spot. All players from the previous camp have been retaine ...Read More >
Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled 'Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region' at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100% RE for Corporates & Industrial consumers in South India. Also Read | Hooghly Shocker: Nurse Found Hangi ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connections, targeting 10,000 in each Assembly segment. He reaffirmed nine-hour uninterrupted power for agri ...Read More >
July 14 (Reuters) - India said on Monday it has achieved 50% of its installed electricity capacity from non-fossil fuel sources -- five years ahead of its 2030 target under the Paris Agreement, signalling accelerating momentum in the country's clean energy transition. WHY IT'S IMPORTANT The announcement comes as India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, while coal-fired generation declined nearly 3%. Fossil fuels still accounted for over two-thirds of the increase in power generation last year. India plans to expand coal-fired capacity by ...Read More >
MUMBAI: After two of its predecessors -- General Motors and Ford -- failed to make a dent in the Indian market, not once but twice, a third American auto major -- Tesla -- is trying its luck. The only difference is that the world's richest man Elon Musk's auto venture is testing the electric mobility space and not the traditional ICE engine space. Yes, after years of blowing hot and cold, Tesla has formally entered the country with a single model -- the Model Y -- that too with just one entry variant, which claims to be the world's best selling car and not just an electric car. The moot ques ...Read More >
Bengaluru, June 27 (SocialNews.XYZ) Union Minister for New and Renewable Energy Pralhad Joshi on Friday said that Prime Minister Narendra Modi-led government is planning to roll out an additional Rs 5,400 crore as viability gap funding to support the setting up of 30 GWh of battery storage systems in the country. "This is over and above the Rs 3,700 crore already being given under the existing VGF scheme, through which 13.2 GWh of BESS projects are already being implemented," the minister explained. The minister was speaking at the inauguration of one of India's largest Battery Energy Storag ...Read More >
New Delhi, Jun 30 (PTI) AM Green BV will buy Japanese financial service firm Orix Corp's 17.5 per cent stake in clean energy producer Greenko Energy Holdings for USD 1.28 billion, the firms said on Monday. AM Green is owned by the founders of Greenko, Anil Chalamalasetty and Mahesh Kolli. Post this transaction, AMG will own around 25 per cent of Greenko, whose largest owner is Singapore's sovereign wealth fund GIC Pte with a 58 per cent stake. Orix will transfer 17.5 per cent holding in Greenko, out of its total ownership of 20 per cent, to AM Green Power BV (a subsidiary of AM Green BV). T ...Read More >
Bihar State Power Generation Company Limited (BSPGCL) has completed the auction for its standalone Battery Energy Storage System (BESS) project with a total capacity of 125 MW / 500 MWh. The auction was conducted under a Tariff-Based Competitive Bidding (TBCB) process to promote the development of energy storage infrastructure in the state. The tender was initially floated in March 2025 and invited bids for the development of a 500 MWh standalone BESS. A minimum project size of 20 MWh was required for participation. A total of six companies emerged as winners in the auction. Barbrik Projects ...Read More >
New Delhi: Power minister Manohar Lal on Wednesday said establishing an energy storage system is essential to meet clean energy targets to stabilise the grid, optimise power generation and ensure round-the-clock electricity supply. Over the last three-four years, the cost of energy storage has significantly dropped, Lal said at the India Energy Storage Week conference here on Wednesday. "What was once ₹10 lakh/MW has now fallen to ₹2.5 lakh/MW per month, a reduction to one-fourth of the original cost," he said. As industries like steel and cement shift towards green hydrogen, India is pushi ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
Bihar's infrastructure has seen a 15-fold increase in data consumption over the past five years. Road density is now the third highest in India, electricity generation has increased tenfold, and IT parks and data centers are being developed. Numerous bridges and expanded rail lines are improving connectivity and boosting trade.Bihar has seen a 15-fold jump in data consumption in the last five years as the state goes big on developing infrastructure, investing in connectivity and building rail and ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
India's NTPC (previously the National Thermal Power Corporation) has launched its first 160 megawatt hours (MWh) CO₂ battery energy storage project, to be developed by Triveni Turbine and its energy partner Energy Dome. The project will be executed on a turnkey basis at NTPC's Kudgi plant in Karnataka, India. The initiative aligns with NTPC's strategy to diversify its energy portfolio and increase renewable power generation. The adoption of CO₂ battery technology also supports India's "Make in India" and "Atmanirbhar" (self-sufficiency) policies, offering opportunities for the domestic indu ...Read More >
Pune : Cummins India Limited ("Cummins"), one of the leading power solutions technology providers, today announced the launch of its Battery Energy Storage Systems (BESS), expanding its sustainable solutions portfolio in line with Destination Zero strategy. This state-of-the-art energy storage solution is designed to support India's clean energy transition and strengthen the reliability of country's power infrastructure. Battery Energy Storage System (BESS) is emerging as reliable and efficient technology for addressing the energy transition requirements of key industries such as manufacturin ...Read More >
Srinagar, Jul 4: Lieutenant Governor (LG) Manoj Sinha Friday said that he was proud to see women breaking barriers in agricultural sciences and technology. In his address at the 6th convocation ceremony of Sher-e-Kashmir University of Agricultural Sciences and Technology, Kashmir (SKUAST-K), the LG said, "Proud to see our daughters breaking barriers and achieving success in Agricultural Science and Technology. It reflects a bright future for J&K and the nation." During the convocation, of the 5250 degrees of undergraduate, master's, and PhD, 2661 degrees were awarded to women, of the 150 stu ...Read More >
Mumbai: Gautam Adani, Chairman of the Adani Group, on Friday announced that the conglomerate is preparing for a capital expenditure investment of nearly $100 billion over the next five years. "The scale and pace of this commitment is unprecedented in India's private sector history as we do our part for strengthening the very spine of India's rise that must carry 1.4 billion dreams," Gautam Adani remarked. Addressing a conference of top doctors here, Gautam Adani said these investments are manifestations of the Adani Group's "belief in the future of India" comprising energy grids, logistics a ...Read More >
Tesla is set to inaugurate its inaugural charging station in Mumbai next week, marking its entry into the Indian market. The station will feature both Supercharging and Destination charging stalls, offering varying charging speeds and prices. This is the first of eight planned Supercharging sites across India, aiming to enhance the electric vehicle ownership experience. American electric car maker Tesla on Friday said it will launch its first charging station in Mumbai next week. The company, w ...Read More >
New Delhi, October 1: Emirates, the UAE's flagship carrier, has announced a significant change to its safety regulations regarding portable chargers. Starting Wednesday, October 1, 2025, passengers on Emirates flights will no longer be allowed to use power banks during the journey. While travellers may still carry one power bank under 100 watt-hours (Wh) in their cabin baggage, its use for charging devices such as smartphones, tablets, or laptops will be prohibited. Additionally, passengers will not be permitted to recharge their power banks using the aircraft's in-seat power outlets. The air ...Read More >
New Delhi, Jul 8 (PTI) Reliable, scalable, and efficient energy storage systems is key to ensure round-the-clock supply of renewable energy, engineering firm TKIL Industries said on Tuesday. India is targeting 500 GW of renewable energy over the next five years. Also Read | Bodoland Lottery Result Today, July 08, 2025: Assam State Lottery Sambad Tuesday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. Speaking at the India Energy Storage Week (IESW) 2025, organised by India Energy Storage Alliance (IESA), Vivek Bhatia, Managing Director & CEO, TKIL Industries, said the c ...Read More >
Bihar News: Bihar Cabinet Greenlights Renewable Energy Policy 2025 to Power a Greener, Self-Reliant Future The Bihar Cabinet has approved the Renewable Energy Policy 2025, targeting 23,968 MW of renewable energy capacity. This policy aims to enhance clean energy adoption and aligns with India's net zero emissions goal. In a major step towards achieving clean energy goals and enhancing energy self-sufficiency, the state Cabinet today approved the Bihar Renewable Energy Policy-2025. The policy sets the roadmap for large-scale adoption of renewable energy technologies and aims to position Bihar ...Read More >
New Delhi, Jul 9 (PTI) Around 12,500 MW capacity of Battery Energy Storage System (BESS) projects are under tendering process and 3,300 MW in the pipeline, Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday. He was speaking on the second day of India Energy Storage Week organised by India Energy Storage Alliance (IESA) here. "We have roughly around 3300 MW capacity in the pipeline, culminating to 8500 megawatt hour (MWh)...expected in the next two years. Another thing which is in the tender stage, roughly around 12,500 megawatt...roughly 42,000 MWh capacity is under ...Read More >
New Delhi, July 15 (SocialNews.XYZ) The government on Tuesday urged parents and guardians to update their children's Aadhaar biometrics who have reached age seven. The Unique Identification Authority of India (UIDAI) reiterated the importance of completing the Mandatory Biometric Update (MBU) for children who have attained the age of seven but have not yet updated their biometrics in Aadhaar. UIDAI said it has started sending SMS messages to the mobile numbers registered in the Aadhaar of such children for completing the MBU exercise. This is an existing requirement under Aadhaar, and paren ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from the Mumbai police and the Brihanmumbai Municipal Corporation's local ward machinery, an official from ...Read More >
According to the official press release, the offer includes a price benefit of ₹20,000 already reflected in the pricing, cashback of up to ₹10,000, and an assured gold coin with every purchase. In addition, one customer will receive an iPhone through a lucky draw. Expansion plans Oben Electric currently operates more than 50 showrooms in cities including Bengaluru, Delhi, Pune, Kochi, Jaipur, Amritsar, Hyderabad and Lucknow. The company has said it intends to expand to over 150 showrooms ac ...Read More >
New Delhi, Sep 16 (PTI) Diversified energy firm Avaada Group on Tuesday announced the commissioning of 11 solar power projects in Maharashtra's Yavatmal district under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 to provide reliable power for irrigation. The projects include a 4 MW plant at Kinhi, 3 MW each at Baldi and Dongarkharda, 2 MW each at Bansi and Patan,a 5 MW at Mhasola, 2 MW at Galwa, 4 MW each at Pathrad and Parjana, and 3 MW each at Sawargaon and Sarfali, a company statement said. Avaada Group has commissioned 11 solar power projects in Maharashtra's Yavatmal district under th ...Read More >
Auto Components 1 min read BYD to launch its next-generation blade battery in 2025 The current generation of BYD's Blade batteries powers its EVs and is also used by other big automakers such as Hyundai, Kia, Ford, Toyota, and Tesla. Made from Lithium-Ion Phosphate chemistry, the Blade batteries are more cost-effective than traditional Lithium-Ion batteries. China's electric vehicle giant BYD will launch the new generation of the Blade battery for electric cars next year. The new batteries will be used in its future vehicles. These will feature advanced technologies and offer a higher range. B ...Read More >
New Delhi, Jun 6 (PTI) Surat-based KP Group on Friday said it has inked three strategic initial pacts with energy and power management solutions provider Delta Electronics India. This collaboration spans three high-impact areas: Battery Energy Storage Systems (BESS), Green Hydrogen and EV Charging Infrastructure and Solar PV Inverters, a statement said. The Memoranda of Understanding (MoUs) were signed by Niranjan Nayak, Managing Director of Delta Electronics India, and Faruk Patel, Chairman and Managing Director of KP Group, marking a significant step toward co-developing future-ready energ ...Read More >