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.
The Solar Energy Corporation of India (SECI) on Tuesday cancelled two offshore wind energy tenders-a 500 MW project under the viability gap funding scheme and a 4,000 MW sea-bed lease rights allocation. According to two people familiar with the development, the tenders were cancelled because of "lack of response from developers". The company had invited proposals for setting up a 500 MW inter-state transmission system-connected offshore wind project in Gujarat on build-own-operate basis where it
Union Minister Pralhad Joshi to Outline Vision for India's Renewable Energy Future Union Minister Pralhad Joshi to Outline Vision for India's Renewable Energy Future 4 min read Last Updated : Jul 14 2025 | 1:30 PM IST NewsVoir Mumbai (Maharashtra) [India], July 14: India's clean energy ambitions are set to take centre stage as Shri Pralhad Venkatesh Joshi, Hon'ble Union Minister of New & Renewable Energy, Government of India, will attend the IVCA Renewable Energy Summit 2025 as Chief Guest an ...Read More >
New Delhi [India], July 20 (ANI): Congress MP Renuka Chowdhury on Sunday expressed concern over the government inaction in bringing to justice the terrorists behind the April 22 Pahalgam attack, which killed 26 civilians, including a Nepali citizen. As the Parliament Monsoon session begins, Chowdhury stated that the INDIA bloc will raise this issue, demanding answers from the government. Speaking to ANI, Chowdhury said, The Parliament session is starting, so we have reached Delhi. We have not been able to see those who killed our countrymen in the terrorist attack in Pahalgam arrested yet. T ...Read More >
Gujarat Urja Vikas Nigam (GUVNL) has issued a request for selection for procuring power from 500 MW solar projects on a build, own, operate basis. The tender includes a greenshoe option for an additional capacity of up to 500 MW, increasing the potential total to 1,000 MW. Bids must be submitted by June 13, 2025. Bids will be opened on June 18. Bidders must furnish an earnest money deposit of ₹928,000 (~$10,895)/MW, a tender document fee of ₹25,000 (~$293.50) plus 18% GST, and a tender processing fee of ₹300,000 (~$3,522) plus 18% GST. Successful bidders must submit a performance bank guara ...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 >
New Delhi: The Ministry of New and Renewable Energy said on Wednesday the enforcement of renewable power purchase obligation by states and distribution companies, upgrading the transmission lines and the use of technology for grid integration are its top priorities before calling bids for large-scale renewable energy projects. More than 40 GW of awarded renewable projects are currently in advanced stages of securing power purchase agreements, power sale agreements, or transmission connectivity, reflecting a pipeline of committed investment, it said. India's renewable energy market has outpac ...Read More >
Mumbai: Gautam Adani, Chairman, 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 arterie ...Read More >
Jaipur: Union minister for new and renewable energy, Pralhad Joshi, Saturday inaugurated the 435-MW Gorbea Solar Power Project, developed by Zelestra India, in Rajasthan. He said, "With every megawatt we generate, we are not just producing power, we are building a New India." The Gorbea Solar Power Project, delivered in under eight months, spans 1,250 acres and is backed by a 25-year power purchase agreement with Solar Energy Corporation of India. Joshi noted that almost 70% of Rajasthan's power ...Read More >
Bengaluru : Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, one of India's leading renewable energy players, has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC Limited (NHPC). The project, secured under NHPC's BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the Battery Energy Storage System (BESS) asset, involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Area code, Kerala. The project will play a vital role ...Read More >
New Delhi, July 19 (PTI) The Regional Medical Research Centre in Bhubaneswar, under the Indian Council of Medical Research (ICMR), has developed an advanced malaria vaccine that can prevent plasmodium falciparum infection in individuals and minimise community transmission. The ICMR Delhi has invited Expressions of Interest (EoI) from eligible organisations, companies and manufacturers enthusiastic about the Transfer of Technology for commercial production of "a recombinant chimeric multi-stage malaria vaccine (AdFalciVax) against plasmodium falciparum". The pre-clinical validation of this te ...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 >
Jaipur: Union minister for new and renewable energy, Pralhad Joshi, Saturday inaugurated the 435-MW Gorbea Solar Power Project, developed by Zelestra India, in Rajasthan. He said, "With every megawatt we generate, we are not just producing power, we are building a New India." The Gorbea Solar Power Project, delivered in under eight months, spans 1,250 acres and is backed by a 25-year power purchase agreement with Solar Energy Corporation of India. Joshi noted that almost 70% of Rajasthan's power capacity is now sourced from renewable energy, with over 35.4 gigawatts installed, 29.5 gigawatts f ...Read More >
Mumbai, Oct 31 (SocialNews.XYZ) Actress Deepika Padukone, who has been a strong advocate for mental health awareness, reacted to cricketer Jemimah Rodrigues' recent revelation about battling anxiety. The 'Om Shanti Om' actress, known for openly sharing her own struggles with depression in the past, praised Jemimah for her honesty and courage in speaking up, highlighting the importance of conversations around mental well-being in sports and beyond. Taking to her Instagram Stories, Deepika Padukone reshared a video of cricketer Jemimah Rodrigues, in which the athlete opened up about her struggl ...Read More >
New Delhi [India], October 27 (ANI): Energy-intensive artificial intelligence (AI) data centers are expected to drive a sharp rise in power consumption, with data center power usage projected to increase by 160 per cent by 2030, according to a report by Goldman Sachs. The report noted that after nearly a decade of flat power demand growth, the emergence of AI-driven data centers is set to transform the global energy landscape. It stated "data center power usage is expected to increase +160 per cent by 2030, driven by energy intensive AI data centers" The report highlighted that power genera ...Read More >
JAIPUR: As India pursues its ambitious renewable energy target of 500 GW by 2030, Rajasthan has emerged as a pivotal contributor to the country's solar expansion strategy. With a vision to scale its renewable capacity from 32 GW to 125 GW by the end of the decade, the state is actively leveraging public-private partnerships (PPPs) to meet its goals. At the Rajasthan Renewable Energy Conclave, stakeholders from the public and private sectors convened to outline the roadmap, discuss infrastructural readiness, and highlight the importance of collaborative investment and policy execution. Transmi ...Read More >
New Delhi The Andhra Pradesh government on Wednesday told the Solar Energy Corporation of India (SECI) that it has granted extension to the Adani Green Energy (AGSL) till December 25, 2024 for supply of renewable energy to the state. Sources told businessline that Andhra Pradesh government's communication to the renewable energy implementing agency (REIA) said that they have agreed to give a second extension to AGEL. The first extension was given in January-February 2024. As per the bids secured by AGEL, the renewable energy producer was to supply a total of 7 gigawatts (GW) of power to the ...Read More >
Mumbai, July 18 (SocialNews.XYZ) Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed its first Battery Energy Storage Purchase Agreement with Government-owned power major NHPC Limited. The project, secured under NHPC's BESS tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the Battery Energy Storage System (BESS) asset, involves setting up a 30 MW/120 MWh battery storage system at the 220 kV substation in Area code, Kerala, according to a Tata Power statement released on Fri ...Read More >
New Delhi, July 20 (SocialNews.XYZ) Almost 70 per cent of Rajasthan's power capacity is now sourced from renewable energy, with over 35.4 gigawatts installed, 29.5 gigawatts from solar and 5.2 gigawatts from wind, according to Union Minister for New and Renewable Energy, Pralhad Joshi. The state is now a beacon of hope, energy independence, and self-reliance, said the minister while inaugurating the 435 megawatt Gorbea Solar Power Project, developed by Zelestra India, in Rajasthan. He described the Gorbea project as a shining example of what is possible through visionary leadership and hones ...Read More >
Mumbai, July 11: 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, logi ...Read More >
New Delhi, Jul 19 (PTI) Delhi Chief Minister Rekha Gupta celebrated her 51st birthday in her ancestral village, Nandgarh, in neighbouring Haryana on Saturday. Prime Minister Narendra Modi and other top Union ministers and BJP leaders greeted Gupta, born on July 19, 1974, on her first birthday after becoming the chief minister in February. "Best wishes to Delhi Chief Minister, Smt. Rekha Gupta ji, on her birthday. Rising through the ranks, she has always remained active in serving Delhi. As Chief Minister, she has undertaken numerous initiatives for the city's welfare. May she be blessed with ...Read More >
New Delhi: The CBI has arrested a customs superintendent posted at Sahar airport in Mumbai, for allegedly taking a Rs 10.20 lakh bribe from an agent, an official said Sunday. The central probe agency booked Krishan Kumar for allegedly demanding a bribe at the rate of Rs 10 per kg for facilitating clearance of imported consignments from a customs house agent, a CBI spokesperson said. It was also alleged that Kumar threatened the agent when he refused to pay the bribe, and deliberately withheld consignments. The CBI conducted a verification of the allegations between July 25 and August 1 in th ...Read More >