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.
(Reuters) -The U.S. Customs and Border Protection is probing whether Indian solar panel maker Waaree Energies and its American arm evaded anti-dumping and countervailing duties on solar cells from China and other Southeast Asian nations, Bloomberg News reported on Thursday. The agency had imposed interim measures on Waaree based on reasonable suspicion that it evaded duties when importing goods into the U.S., the report said, citing a notice. Reuters could not immediately verify the report. Waaree Energies and the U.S. Customs and Border Protection did not immediately respond to Reuters requests for comment outside regular business hours. In August, the U.S. had initiated anti-dumping duty and countervailing duty investigations of crystalline silicon cells imported from India, Indonesia and Laos. (Reporting by Dheeraj Kumar in Bengaluru; Editing by Alan Barona)
New Delhi, Dec 16 (PTI) Waaree Energies on Tuesday said its high-efficiency solar PV cells have been approved under the Ministry of New & Renewable Energy's Approved List of Models and Manufacturers (ALMM) List-II for solar PV cells. As per the third revision of the ALMM List-II, notified by the ministry on December 15, 2025, Waaree's advanced solar cell manufacturing facility located at Degam, Chikhli, Navsari district of Gujarat has been included with a total approved capacity of 5.25 GW per annum, a company statement said. This includes 3,923 MW of N-type TOPCon cells and 1,328 MW of P-ty ...Read More >
NEW DELHI - Foxconn, the main iPhone maker for Apple, has sent over 300 Chinese engineers and technicians back home from its factories in southern India. This decision started around two months ago, just as Apple was stepping up its efforts to move production away from China. The sudden loss of skilled workers could slow Apple's growth plans in India, especially as the company prepares to start making the iPhone 17 series in 2025. The reasons behind this recall are not clear. Neither Foxconn nor Apple have explained the decision. Industry insiders think it may be linked to China's push to co ...Read More >
Mumbai: The high-efficiency, low-cost Silicon-Perovskite Tandem solar cells developed at IIT-Bombay is a game-changer for the country's solar energy future, said union minister Pralhad Joshi during his visit to the institute on Monday. While the ministry for new and renewable energy (MNRE) has so far provided Rs 200 crore to IIT-Bombay's National Centre for Photovoltaic Research and Education (NCPRE) for research and development in solar cells, power electronics and batteries, among other things, the govt now plans to rope in private investors to scale the technology commercially.Researchers a ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
NEW DELHI: India is set to receive its first oil from Iran in seven years after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday. State-run Indian Oil Corp purchased the cargo, currently on the Curacao-flagged very large crude carrier Jaya, which is heading to India's east coast and is set to arrive later this week, the data showed. Indian Oil, the country's top refiner, did not immediately respond to a Reuters email seeking comment. The Jaya initially went to Southeast Asian wate ...Read More >
New Delhi: An F-35B fighter jet of the British Royal Navy at Kerala's Thiruvananthapuram International Airport is stranded there for more than a month now. The reason is that due to lack of fuel, after an emergency landing, this ultramodern fighter plane got damaged in such a way that the world's top aviation engineers could not fix it. This stealth fighter jet has been made by the world's largest defense company Lockheed Martin, which is also the largest defense supplier of the US government. Now a report has revealed that such technical problems are not being faced only with the F-35B fight ...Read More >
New Delhi, Aug 21 (PTI) Solar module maker Vikram Solar's initial public offer garnered 54.63 times subscription on the last day of bidding on Thursday. The IPO received bids for 2,47,81,57,740 shares against 4,53,61,650 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched a huge 142.79 times subscription. Non Institutional Investors' part received 50.90 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 7.65 times. Vikram Solar on Monday mobilised Rs 621 crore from anchor investors. The Rs 2,079-crore initial ...Read More >
New Delhi [India], 14 July (India): In a landmark step towards bolstering India renewable energy capacity, SAEL Industries Limited, through its subsidiary SAEL Solar P6 Private Limited, announced plans to invest approximately Rs 8,200 crore in an integrated solar manufacturing facility under the jurisdiction of the Yamuna Expressway Industrial Development Authority (YEIDA) in Greater Noida, Uttar Pradesh. The project will include a 5 GW solar cell manufacturing unit and a 5 GW solar module production line. Additionally, the facility will produce high-efficiency TOPCon (Tunnel Oxide Passivate ...Read More >
Sept 26 (Reuters) - Shares of India's Waaree Energies (WAAN.NS), opens new tab fell 4.5% to 3,288.9 rupees on Friday after U.S. customs officials said they were investigating if the solar panels maker sidestepped tariffs on Chinese-made cells and panels by labeling them as made in India. The U.S. Customs and Border Protection said in a memo on Friday that there was reasonable suspicion that Waaree had failed to label some of its imported products as subject to antidumping and countervailing duties Washington has imposed for years. The agency said it was taking steps to protect U.S. revenues, ...Read More >
ReNew Energy Global Plc on Friday said it has secured $331 million (about ₹2,935 crore) in debt from the Asian Development Bank (ADB) to support a clean energy project in Andhra Pradesh. The funding is part of a $477 million financial package for the Andhra project, with the remaining $146 million to be arranged by ADB through other lenders. The project integrates 837 MWp of wind and solar capacity with a 415 megawatt-hour (MWh) battery energy storage system (BESS), ReNew said in a statement. ...Read More >
July 14 (Reuters) - Indian renewable energy firm SAEL Industries Ltd will invest 82 billion rupees ($954.04 million) to build a 5-gigawatt (GW)-per-year integrated solar cell and module manufacturing facility in the northern state of Uttar Pradesh, the company said on Monday. Through one of the largest investments seen so far in the solar manufacturing space in India, the plant in Greater Noida will boost SAEL's total module manufacturing capacity to 8.5 GW. Construction is expected to begin th ...Read More >
Jammu, Jul 18 (PTI) Senior officials of the Jammu and Kashmir government reviewed the arrangements for the smooth conduct of the 13-day-long Budha Amarnath pilgrimage in Poonch district that will begin on July 28. Deputy Inspector General of Police Tejinder Singh reviewed security in Poonch and stressed ensuring the safety of the devotees. "The first batch will depart from the Bhagwati Nagar basecamp in Jammu on July 28, moving towards the Mandi tehsil in Poonch in a regulated convoy amid full security arrangements," a spokesperson said. Jammu Divisional Commissioner Ramesh Kumar and Inspec ...Read More >
Investing.com -- India has imposed anti-dumping duty on certain steel shipments from Vietnam, according to a Wednesday notification from the Ministry of Commerce and Industry. The duty targets hot-rolled flat products of alloy or non-alloy steel from the Southeast Asian nation. This action follows a year-long investigation that began in August 2024, which examined potential threats and injury to India's domestic steel sector. "Domestic steel industry has suffered injury as a result of dumped imports," the ministry stated in its notification. "The injury margin is positive and significant." ...Read More >
Karnal, Haryana : Aroma Solar, the renewable energy arm of agricultural exporter Aroma Agrotech Pvt. Ltd., has commenced operations at its 1.2 GW solar module manufacturing facility in Karnal. The plant represents North India's first fully automated, AI-driven production line built on TOPCon technology. The facility has begun production of TOPCon modules rated at 620 to 635 W with 23.51% efficiency. In an industry where manufacturing scale has often outpaced quality systems, Aroma Solar has designed its production line around two core priorities: process precision and module consistency. The ...Read More >
New Delhi [India], September 8 (ANI): Solar module manufacturer, Gautam Solar Private Limited (GSPL), has announced an investment of Rs. 4,000 crore for establishing a new state-of-the-art solar cell manufacturing facility in Madhya Pradesh. As per a press release, the project will be developed on 54 acres of land in Gwalior, where the company will focus on producing advanced TOPCon solar cells with a total planned capacity of 5 GW. "Implementation of the project has commenced with Phase 1, which will include setting up a solar cell manufacturing capacity of 2 GW. The development is expected ...Read More >
(Bloomberg) -- The US is investigating whether Waaree Energies Ltd., India's largest solar panel maker, evaded anti-dumping and countervailing duties on solar cells from China and other Southeast Asian nations. US Customs and Border Protection has started a formal investigation of Waaree and Waaree Solar Americas Inc. and imposed interim measures because there is reasonable suspicion the company evaded duties when bringing merchandise into the US, according to a public notice by the agency obtai ...Read More >
According to company executives, significant progress has also been made on Reliance's 40 GWh battery-storage project, with the first facility expected to become operational next year. Reliance Industries Ltd. (RIL) will commission its solar cell manufacturing unit next month, marking a key milestone in the conglomerate's plan to build India's first fully integrated solar manufacturing value chain. The group is creating a new-energy ecosystem that spans the entire chain -- from solar modules an ...Read More >
Air India is seeking over a billion dollars in financial aid from its owners, Singapore Airlines and Tata Sons. This comes after a tragic crash earlier this year. The airline needs funds to upgrade its systems and services. It also plans to develop its own engineering and maintenance capabilities. Air India is seeking at least 100 billion rupees ($1.14 billion) in financial support from owners Singapore Airlines and Tata Sons, Bloomberg News reported on Thursday, citing people familiar with the ...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 >
MUMBAI, Sept 25 (Reuters) - Eli Lilly (LLY.N), opens new tab plans to bring its experimental oral weight-loss drug orforglipron to India as it sees market potential in the world's most populous nation, a senior executive said on Thursday. "I do think there is promise for products like that (orforpligron) in India, if it does get approved," Winselow Tucker, Lilly India's president said at an event in Mumbai. Tucker, however, did not indicate when Lilly plans to launch the drug. The drugmaker ha ...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 >
Foxconn India iPhone employees return: China's withdrawal of over 300 engineers from Foxconn's iPhone plants in India is raising concerns about Apple's production goals and India's manufacturing ambitions. This move is expected to disrupt training and delay high-end manufacturing processes, as Foxconn heavily relied on these experts.China's move to withdraw over 300 engineers from Foxconn's iPhone manufacturing facilities in India has raised concerns over its impact on Apple's production plans and India's manufacturing goals. The engineers, who were working at Tamil Nadu and Karnataka plants, ...Read More >
Coca-Cola is reportedly exploring a potential $1 billion initial public offering for its Indian bottling unit, Hindustan Coca-Cola Beverages. The company has engaged with bankers to discuss the listing, which could value the subsidiary at $10 billion. These discussions are in early stages, with a potential deal eyed for next year. - Coca-Cola is considering taking its Indian bottling unit public in a deal that may fetch $1 billion, Bloomberg News reported on Friday, citing people familiar with t ...Read More >
[BENGALURU] Gold prices hovered n Tuesday (Oct 28) near their lowest in more than two weeks, as optimism over a possible US-China trade deal dented demand for the safe-haven metal, while investors looked forward to major central bank policy announcements this week. Spot gold was flat at US$3,981.67 per ounce, as at 8.24 am, after dropping more than 3 per cent in the previous session to its lowest level since Oct 10. US gold futures for December delivery lost 0.6 per cent to US$3,996.50 per ounce. On Sunday, top Chinese and US economic officials hashed out the framework of a trade deal for U ...Read More >
New Delhi, Feb 16 (PTI) ReNew Energy Global Plc (ReNew) on Monday said the company's net loss has narrowed down to Rs 19.8 crore in the December 2025 quarter, supported by an increasing trend in revenues. It registered a net loss of Rs 38.79 crore in the October-December period of the preceding 2024-25 financial year, the company said in a statement. The company's total income rose to Rs 3,137.2 crore in the third quarter, from Rs 2,119.8 crore recorded in the same quarter of FY25. The revenue from the sale of power in Q3 FY26 was Rs 182.9 crore, while the contribution from solar module and ...Read More >
Telangana BJP president N. Ramchander Rao has slammed a ₹25 crore defamation notice on Deputy Chief Minister Mallu Bhatti Vikramarka and sought an unconditional public apology for his 'illegal' and 'unlawful' acts of making false imputations against him with regard to the suicide of University of Hyderabad (UoH) research scholar Rohith Vemula causing him 'serious agony' and 'Irreversible' damage. Mr. Vikramarka has been given three days to apologise or criminal action will be taken claiming damages of ₹25 crore, said the legal notice sent on Tuesday. The notice sent through Mr. Ramchander Rao ...Read More >
New Delhi: The Sarai Kale Khan Namo Bharat station, which will be the converging point for three Regional Rapid Transit System (RRTS) corridors, is ready for operations. Trial runs have been concluded with the state govt to take a final decision on when it can open for public use."The final touches are being given to the station," said an official of the National Capital Region Transport Corporation (NCRTC), which is executing the Delhi-Ghaziabad-Meerut RRTS corridor. Sarai Kale Khan is set to become a major transport hub with the presence there of RRTS, Delhi Metro Pink Line, Hazrat Nizamuddi ...Read More >
Gurugram : JSW MG Motor India today announced that India's best-selling EV, the MG Windsor, has achieved another remarkable milestone. In July, the company set a new record for Windsor sales, selling 4,308 units in a single month. The carmaker has sold nearly 36,000 units of the MG Windsor since its launch. The robust sales performance has helped the company expand its market share in the EV Segment. In Q2 CY'25, the company recorded a 4% increase in market share, rising to 32% from 28% in Q1 CY'25. During the same period, average sales of MG Windsor grew by 17%. In addition, the company's EV ...Read More >
Under this partnership, Google will procure the project's energy attributes, such as carbon credits from ReNew, a company statement said. This long-term procurement is essential for the bankability of the project, and will also help Google make progress towards addressing its value chain emissions. Decarbonisation solutions company ReNew Energy Global Plc on Tuesday said it has partnered with technology giant Google for the development of a 150-megawatt (MW) solar project in Rajasthan. Under th ...Read More >
NEW DELHI, April 8 (Reuters) - India is set to receive its first oil from Iran in seven years this week, after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday. The cargo on the Curacao-flagged very large crude carrier Jaya was purchased by state-run Indian Oil Corp .NS> and is heading to India's east coast, the data showed. Indian Oil, the country's top refiner, did not immediately respond to a Reuters email seeking comment. The vessel carrying Iranian oil initially went to South ...Read More >