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.
CHENNAI: The Central Electricity Authority (CEA) reduced Tamil Nadu's share from the unallocated power pool of Central Sector Generating Stations (CGSs) in the Southern Region from 31.6 per cent in May to 27.5 per cent for the July-September period. The State's share will be reduced further to 20 per cent for the October-December period, marking a steep overall cut of 11.6 percentage points from that of May. As a result of the cut, Tamil Nadu's total allocation from CGSs fell to 6,522 MW in July, including an unallocated share of 417.4 MW, compared to 6,669 MW in June, including 529 MW of unallocated power, resulting in a net reduction of 147 MW. In May, the State was allocated 6,867 MW from the CGS along with an unallocated share of 726 MW, while it was 6,952 MW in April, including 813 MW of unallocated power. The reallocation, announced in a CEA order dated July 2, has been made given the anticipated power supply position of southern states and union territories. The reduction in unallocated power share from CGS has come amid the State witnessing a steep increase in power demand in the first week of July, compared to May and June. The State has been witnessing a steady daily energy consumption of over 400 million units a day, except for Sunday, while the peak demand has touched around 19,000 MW, which is lower than last year's demand. A senior official from Tamil Nadu Power Distribution Corporation Ltd (TNPDCL) said that the State had an additional 430 MW unallocated share from CGS to meet the summer power demand from March to May 31. "With the commencement of the wind power season, the Centre has revised the unallocated share, as the State could meet the power demand with available resources. The reduction in the unallocated share would not impact the state's power supply position," the official said.
New Delhi [India], July 16 (ANI): The Indian government expressed regret on Tuesday over the reported demolition of the ancestral property of celebrated filmmaker and writer Satyajit Ray in Mymensingh, Bangladesh and expressed its willingness to extend cooperation in its restoration. "We note with profound regret that the ancestral property of noted filmmaker and litterateur Satyajit Ray in Mymensingh, Bangladesh, belonging to his grandfather and eminent litterateur, Upendra Kishor Ray Chowdhury, is being demolished," the Ministry of External Affairs said. Also Read | India Urges Bangladesh ...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 >
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 >
Ahmedabad, July 14 (PTI) The Gujarat High Court on Monday directed a man, facing contempt of court for attending a virtual court hearing while relieving himself on a toilet seat, to deposit Rs 1 lakh with the court's registry after observing that he was ready to tender an unconditional apology. The incident occurred on June 20 when Justice Nirzar S Desai was hearing a case. A video of the man soon went viral, prompting the high court to initiate suo motu contempt proceedings. On Monday, the division bench of Justices AS Supehia and RT Vachhani directed the man, identified as Samad Abdul Rehm ...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 >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...Read More >
New Delhi [India], October 17: The 7th edition of Windergy India 2025, the exclusive international trade fair and conference for the wind energy sector in the country, is scheduled to take place this October from 29-31 at the Chennai Trade Centre. As India is making giant strides in wind energy generation, the event brings unparalleled opportunities to connect, collaborate and shape the future of renewable energy. Also Read | 'Jatadhara' Trailer: Sudheer Babu Battle Sonakshi Sinha's Evil Dhana Pisachi in This Mythic Supernatural Spectacle (Watch Video). Windergy India 2025 serves as a premie ...Read More >
The Bihar State Power Generation Company Limited (BSPGCL) on Tuesday signed Memoranda of Understanding (MoUs) with two private developers for the development of 2,120 MW of pumped storage projects in the state, marking a major step towards strengthening Bihar's energy security and renewable energy integration. The MoUs were signed in the presence of Hon'ble Chief Minister Shri Nitish Kumar, Deputy Chief Ministers Shri Samrat Choudhary and Shri Vijay Kumar Sinha, Energy Minister Shri Bijendra Prasad Yadav, and Water Resources Minister Shri Vijay Kumar Chaudhary, along with senior state officia ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The remittance-based cryptocurrency Ripple (XRP) has fallen 4% in the past 24 hours, resulting in the liquidation of $18 million worth of XRP futures. Of this, long positions are $11 million and short positions are $7 million. The entire cryptocurrency market has been volatile recently, and XRP is one of the assets affected. This article details how to make $10,000 a day or more through remote mining. In the past, cryptocurrency mining required expensive equipment, expertise, ...Read More >
Bengaluru: Karnataka Chief Minister Siddaramaiah on Friday said the quality of police investigation has decreased and it needs to be improved. "Although it is a matter of relief that the crime rate in the state has decreased, the quality of police investigation has decreased, and this needs to be improved," Karnataka CM said. He gave these instructions after holding a meeting of senior police officers and a progress review meeting of the police department at the office of the State Director General of Police. He mentioned that although the accused in the robbery case in Bidar is known, he h ...Read More >
NEW DELHI: Non-fossil fuel sources now make up half of India's power generation capacity of 484.8 GW (gigawatt), a milestone the country has achieved five years ahead of the target set under its Nationally Determined Contributions (NDCs) committed in the Paris climate agreement."In a world seeking climate solutions India is showing the way," renewable energy minister Pralhad Joshi said in a post on X on Monday, crediting the progress to PM Modi's stewardship of "Bharat's green transformation towards a sustainable future".Modi has been pushing clean energy since taking over country's reins in 2 ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
India added 20.1 GW of renewable energy (RE) capacity in the first five months of FY2026 (April-August 2025), marking a robust 123% growth compared to 9 GW during the same period last year, according to a recent report by ICRA. This includes 17.5 GW of solar and 2.6 GW of wind capacity additions. ICRA highlighted that this record growth -- driven by a strong project pipeline and favorable market conditions -- positions the sector to exceed 35 GW of new capacity in FY2026. The growth momentum follows a strong performance in FY2025, when RE capacity addition rose to 28.7 GW from 18.5 GW in FY2 ...Read More >
BENGALURU: As Karnataka's economy grows by leaps and bounds, recent data from the Ministry of Statistics and Programme Implementation shows the state also leads in hydroelectric power generation, with 3.63 gigawatt of power. It also tops in small hydro power project generation with 3,726MW in 2024-25. The ministry's National Statistics Office (NSO) on March 30 released the annual Energy Statistics India 2026 report, which noted that India has a huge potential for generation of renewable energy, ...Read More >
Shillong, Dec 15: Meghalaya has secured the second spot in the National Energy Conservation Award for its efforts in promoting energy efficiency, reducing energy consumption, and promoting sustainability. The award, presented by the Bureau of Energy Efficiency (BEE), Union Ministry of Power, recognised the Meghalaya Government's commitment towards protecting the environment through energy-saving initiatives. Vice President Jagdeep Dhankhar and Shripad Naik, Union Minister of State, Ministry of Power, presented the awards to the States recognised for their exemplary contributions towards ener ...Read More >
Amaravati: Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday announced that a 'Hydrogen Valley' will be set up in Amaravati to focus on sustainability and protecting nature. Addressing the 'Green Hydrogen Summit-2025' at a private college in the greenfield capital city, the CM noted that two valleys are coming up in Amaravati -- 'Quantum Valley' and 'Hydrogen Valley' "I am very happy. We are focusing on Hydrogen Valley starting from here (Amaravati). Two valleys are coming here. One is Quantum Valley for computing and technology, and one is the green Hydrogen Valley to protect natu ...Read More >
Chandigarh: In a historic milestone, Chandigarh Power Distribution Limited (CPDL) illuminated City Beautiful with clean and sustainable energy this Diwali. During the festive period, CPDL met 97% of Chandigarh's household electricity demand through non-fossil fuel sources, including nearly 90% from green renewable energy.For the first time in the city's history, around 2.5 lakh consumers were powered mainly by renewable sources such as hydro, solar, and wind energy, with a small contribution from nuclear energy sources. This achievement marks a significant step towards sustainable development ...Read More >
CHENNAI: In a major step toward promoting renewable energy, the State has proposed to employ a private player to curate a feasibility report for the installation of solar rooftops and floating solar plants to power up Chennai Metro Water Supply and Sewerage Board sites and three lakes. The CMWSSB, or Metro Water, through the Tamil Nadu Urban Infrastructure Financial Services Limited (TNUIFSL) mooted a plan to install renewable energy sources to bring down the costs of running its sites, including desal plants, pumping stations and water distribution stations. As per its assessment, the CMWSS ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government that is non-communal. Only the Congress can do that. I have joined the Congress to be part of its fi ...Read More >
VIJAYAWADA: The Task Force report, 'Towards Swarna Andhra Pradesh @2047,' unveiled by Chief Minister N Chandrababu Naidu on Wednesday, projected that Andhra Pradesh - endowed with the third-longest coastline in the country and one of the largest land banks - is undoubtedly at a comparative advantage in becoming one of the champions of the country's overall goal of achieving a USD 35 trillion economy over the next two decades. In 2014-15, the State's economy stood at USD 86 billion at current prices. By 2023-24, Andhra Pradesh's economy had more than doubled, reaching USD 174 billion. This sig ...Read More >
VMPL 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. Delivering the inaugural address, Shri G ...Read More >
New Delhi : Igniting the next wave of renewable innovation, Informa Markets in India, the nation's foremost curator of B2B growth platforms, proudly announces the 18th edition of Renewable Energy India (REI) Expo, Asia's largest and most influential clean energy congregation. Scheduled from October 30 to November 1, 2025, at India Expo Mart, Greater Noida, REI 2025 will once again be co-located with the 3rd edition of The Battery Show India, together advancing India's vision for a cleaner, greener tomorrow. Building on the resounding success of its 17th edition in 2024, which celebrated nearly ...Read More >
Tamil Nadu's power demand remained flat in the first half of 2025-26. The State's energy requirement was 69,092 million units (MU) during the April-September 2025 period, when compared to 69,303 MU in the same period last year, as per data from the Central Electricity Authority, under the Union Ministry of Power. The State's peak power demand or maximum demand has also been lower at 19,878 MW in the first half of 2025-26, when compared to the levels reached in the same period last year. Tamil Na ...Read More >
Lyca Kovai Kings (LKK) will face Salem Spartans (SS) in the 26th match of the Tamil Nadu Premier League 2025 on Saturday, June 28, at the NPR College Ground in Dindigul. The Kovai Kings are in the last position currently with one win to their name in six games. The Spartans have won and lost three games each and are in fourth position. The Kovai Kings took on IDream Tiruppur Tamizhans in their previous game and scored 137 runs for the loss of nine wickets. No batter managed to score more than 25 runs for the team. The Tiruppur Tamizhans took 16.5 overs to reach the target of 138 runs and won ...Read More >
ANANTNAG: On the auspicious occasion of Ashad Purnima, the saffron-robed silver mace of Lord Shiva, traditionally known as 'Chhari Mubarak', was ceremoniously taken to Pahalgam for the Bhoomi Pujan ritual, marking the formal commencement of the age-old traditions associated with the annual Amarnath Yatra. Amid the chanting of Vedic hymns, a group of Sadhus led by Swami Mahant Deependra Giri took the Chhari Mubarak from its abode in Srinagar. The holy mace was then taken to Gauri Shankar Temple, Pahalgam, where the Bhoomi Pujan was performed with religious fervour. The ceremony witnessed parti ...Read More >
Vijayawada: Chief Secretary K. Vijayanand directed the state power utilities to ensure 24x7 uninterrupted and reliable electricity supply while maintaining strict financial prudence in procurement. Chairing a review meeting with senior officials of APGenco, APTransco, Discoms, and NREDCAP on Thursday, he reiterated the need for dynamic and cost-effective procurement strategies through continuous monitoring of market prices and renewable energy trends. The Chief Secretary noted that power availability for November 2025 is projected at 213 MU against an expected grid demand of 218 MU. Renewabl ...Read More >
Andhra Pradesh CM N. Chandrababu Naidu announced a Rs1.4 lakh crore investment by ArcelorMittal/Nippon Steel for a 17.8-million-ton integrated steel project in Anakapalli at the WEF in Davos. Ministers Nara Lokesh and T.G. Bharat highlighted the state's investment-friendly ecosystem and proposed additional projects in petrochemicals and solar cell manufacturing, receiving positive responses from Lakshmi Mittal.Andhra Pradesh Chief Minister N. Chandrababu Naidu announced a landmark Rs1.4 lakh crore investment by ArcelorMittal/Nippon Steel for a 17.8-million-ton integrated steel project in Anaka ...Read More >