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 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 FY2024. ICRA stated that the current expansion is supported by a substantial project pipeline of 142.8 GW, as per the Central Electricity Authority, along with attractive solar module prices and robust electricity demand. Despite the strong pipeline, the report notes a significant slowdown in bidding activity, with only 3.4 GW auctioned in the first half of FY2026. This is attributed to delays in the signing of Power Sale Agreements (PSAs) by bidding agencies with state distribution utilities, which, in turn, stalls the finalization of Power Purchase Agreements (PPAs) with winning developers. The timely execution of these agreements, along with the augmentation of transmission infrastructure, is identified as critical to sustaining the current growth trajectory. ICRA maintains a Stable outlook for the RE sector, underpinned by strong policy support, the superior tariff competitiveness of renewables, and increasing sustainability commitments from large commercial and industrial (C&I) customers. Key sector developments Cost competitiveness boost: ICRA expects the recent reduction of Goods and Services Tax (GST) rates for solar PV modules and wind turbine generators -- from 12% to 5% -- to lower the capital cost for solar and wind power projects by about 5%. This is projected to reduce the cost of generation by 10 paise per unit for solar power and by 15-17 paise per unit for wind power. Strong C&I demand: The demand outlook in the C&I segment, which comprises 45-50% of India's electricity demand, remains highly favourable. Achieving a 20% RE penetration in this segment over the next five years would necessitate approximately 100 GW of RE capacity, implying a Compound Annual Growth Rate (CAGR) of almost 30%. Energy storage gains traction: The quoted bid tariffs for BESS have seen a significant decline, improving the cost economics for hybrid projects. ICRA expects the energy storage capacity requirement to reach 50 GW by 2030, to be met through a mix of BESS and pumped storage hydro projects. Module price dynamics: While prices for imported n-type modules remained low at about 8-9 cents/watt in August 2025, domestic prices were higher at 15-17 cents/watt due to the imposition of the Approved List of Modules and Manufacturers (ALMM). The upcoming imposition of ALMM on solar cells from June 2026 is likely to drive up module prices in FY2027 -- a factor that developers must account for in future bids. The report also notes that the recent imposition of 50% tariffs by the US on India is expected to adversely affect the competitiveness and export volumes of Indian original equipment manufacturers. Sector resilience: The credit profile of the RE sector remains resilient. In 5M FY2026, the sector recorded 15 upgrades against 13 downgrades, with upgrades driven by successful project commissioning, satisfactory generation performance, and favourable changes in ownership.
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
Ahmedabad (Gujarat) [India], December 2 (ANI): Ambuja Cements has taken a step toward achieving its Net Zero goals. The company has partnered with Finland-based technology leader Coolbrook to implement its proprietary RotoDynamic Heater (RDH) technology. According to the exchange filing, this cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company's dependence on fossil fuels and lower its carbon emissions, aligning with its sustainability vision. Ambuja Cements will significantly reduce its fossil fuel dependence by harnessing renewa ...Read More >
Bengaluru, 4th December 2024- PURE EV, one of India's leading electric two-wheeler manufacturers, has unveiled an ambitious roadmap to strengthen its presence nationwide and expand globally while introducing innovative solutions for sustainable mobility. Over the next 30 months, the company aims to add 250 new dealerships, taking its total network to over 320 across India. The expansion will be driven by the growing demand for long-range scooters, electric motorcycles, large B2B contracts, and the company's entry into the house-hold brand space. Dr. Nishanth Dongari, Founder & MD of PURE EV, ...Read More >
MUMBAI: Adani Electricity announced today significant achievements in environmental conservation, specifically in reducing and eliminating Single-use plastics (SUP) across its operations. The organisation has successfully recycled over 3.8 metric tonnes of non-biodegradable plastic waste during the past three financial years."As the world observes World Environment Day - this year's theme of #BeatPlasticPollution, we at Adani Electricity reaffirm our unwavering dedication to environmental responsibility," said an Adani Electricity spokesperson. "Sustainability isn't just a buzzword; it's a cor ...Read More >
Vijayawada: Chief Minister N Chandrababu Naidu on Friday unveiled an ambitious vision to transform Visakhapatnam into a new Mumbai over the next seven years. He directed officials to develop the 'Visakha Economic Region' as AP's primary growth engine, aiming for a staggering $120 billion economy from this region by 2032. The proposed economic region encompasses eight districts, including Visakhapatnam, Vizianagaram, Srikakulam, Anakapalli, Kakinada, East Godavari, Alluri Sitharama Raju (ASR), and Manyam. The Chief Minister has instructed the officials to launch projects that will significantl ...Read More >
Vijayawada (Andhra Pradesh) [India], May 22 (ANI): Former Andhra Pradesh Chief Minister and YSRCP president YS Jagan Mohan Reddy on Thursday launched a scathing attack on the current TDP-led government in the State, accusing Chief Minister Chandrababu Naidu of failing to deliver on pre-election promises and engaging in financial mismanagement. The former chief minister also took aim at what he called the "yellow media" for biased reporting in favour of the ruling party. "I am not only fighting against Chandrababu Naidu but also against the 'yellow media'," Reddy said in a press conference. ...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 >
Kandla (Gujarat) [India], June 5 (ANI): On the occasion of World Environment Day, the Deendayal Port Authority (DPA) Kandla reaffirmed its unwavering commitment to sustainability and joined the global movement to 'Beat Plastic Pollution.' DPA highlighted its ongoing efforts toward building a cleaner, greener maritime ecosystem. These include conserving green cover, embracing renewable energy, and implementing comprehensive green port initiatives--all aligning with the port's long-term vision of environmental stewardship. To mark the day, a tree plantation drive was organised, witnessing enth ...Read More >
New Delhi, June 7 (SocialNews.XYZ) The Reserve Bank of India (RBI) has chosen to frontload its rate cuts, turning to support growth amid benign inflation prospects, according to a Crisil report, which expects one more repo rate cut this fiscal (FY26), and a pause after that. The global ratings agency also expects India's GDP at 6.5 per cent this fiscal, with risks on the downside due to US tariff hikes. Crisol listed some factors which are expected to help domestic growth hold up against global tariff risks. "Positive outlook on rains and crude oil prices and healthy external accounts -- lo ...Read More >
Ludhiana: The municipal corporation, which has prepared a roadmap for establishment of the "waste to energy" plant for proper management of fresh waste generated in the city, invited three major firms with expertise in the field on Friday. MC commissioner Aaditya Dachalwal said that they wanted to get suggestions and inputs from the firms so that proper planning could be done for establishment of the plant. Firms invited on Friday include SFC Environmental Technologies Ltd, Re Sustainability Limited (formerly known as Ramky Enviro Engineers Ltd), and JITF Urban Infrastructure Limited (part of ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
CHENNAI: Indian equity markets opened on a strong note Friday, buoyed by the Reserve Bank of India's unexpected 50 basis point repo rate cut, which lifted investor sentiment and sparked a broad-based rally from early lows. The BSE Sensex rose 96 points or 0.12% to 81,538, recovering nearly 350 points from the day's intraday low. Similarly, the NSE Nifty50 gained 29 points or 0.12%, trading at 24,780, as markets welcomed the central bank's proactive move to support growth. Market Highlights The RBI cut the repo rate to 5.50%, exceeding market expectations. Governor Sanjay Malhotra noted that ...Read More >
New Delhi, Jun 6 (PTI) State-owned power giant NTPC on Friday said its Group installed generation capacity has reached 80,515 MW, after the first unit of 250 MW of the Tehri hydro Pumped Storage Project (PSP) began commercial supply of electricity. THDC India Ltd, a subsidiary of NTPC Ltd, has declared the first 250 MW unit of its 1,000 MW Tehri PSP (4x250 MW) commercially operational with effect from 00:00 hours on June 7, 2025, according to a regulatory filing. The total installed and commercial capacity of the NTPC group will become 80,515 MW, it added. NTPC is India's largest integrated ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): Commodity exchange MCX has received approval from the markets regulator SEBI to launch electricity derivatives. "This development underscores the strong commitment and support of the Regulators - SEBI and Central Electricity Regulatory Commission (CERC) - in enabling a dynamic and sustainable power market," MCX said in a statement Friday, announcing the development. Also Read | Bhagyashree's Husband Himalay Dassani Finally Goes Down on One Knee To Propose to the Actress (See Pics). The electricity derivatives contracts to be introduced by MCX will ...Read More >
New Delhi, June 27 (SocialNews.XYZ) Showcasing resilient economy amid robust policies, the collective brand value of the top 100 Indian companies reached $236.5 billion in 2025 to date, according to a new report. The 'Brand Finance India 100 2025' ranking results remain stable, reflecting a year of steady gains for major Indian brands across sectors. Tata Group has once again secured its position as India's most valuable brand ranked by becoming the first Indian brand to cross the $30 billion threshold. Its brand value is up 10 per cent to $31.6 billion. As the second most valuable Indian b ...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, Dec 12 (PTI) The government on Thursday came out with the definition of green steel and asked the industry to take measures to bring down carbon emissions below the level of 2.2 tonnes on per tonne of finished products. Union Steel Minister H D Kumaraswamy also released a 'taxonomy on green steel' with parameters for giving star ratings on products based on the amount of carbon dioxide (CO2) emitted during the production process. The steel industry has been the backbone of India's industrial growth and it is imperative that this vital sector undergoes a transformative shift towards ...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 >
The Minister for Information, Communication, Technology and National Guidance, Hon. Chris Baryomunsi has unveiled government plans to extend internet connectivity to all sub-counties through a loan acquired from the Exim Bank of China. Baryomunsi said that with the US$150 million, government will go beyond its ministries, departments, agencies (MDAs) and district headquarters) to connect all sub-counties to the National Backbone Infrastructure (NBI). "This is vital for ensuring that all regions benefit from the digital economy. Last mile connectivity, the final segment connecting the NBI to ...Read More >
Mumbai, Dec 11 (PTI) Murugappa Group-run TCI Clean Mobility subsidiary TIVOLT Electric Vehicles on Wednesday said it has signed a pact with EV charging solutions provider Tata Power Renewable Energy Limited (TPREL) to build a charging ecosystem for its electric commercial vehicles. Under the collaboration, Tata Power Renewable Energy will bring its extensive experience in setting up and managing an expansive EV charging infrastructure at strategic locations across the country to TIVOLT dealerships, customer locations, and high-traffic public spaces, the company said in a statement. "This str ...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 >
Mumbai: The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives, according to a regulatory filing on the BSE. These contracts -- linked to the price of electricity -- will allow power generators, distribution companies, and large consumers to hedge against price volatility and manage risks more effectively. "The electricity derivatives contracts will enhance efficiency in the power market," MCX said in its filing. The launch marks the resolution of a long-standing jurisdictional tussle over the ...Read More >
Chennai, June 2025: India Yamaha Motor (IYM) Pvt. Ltd. is proud to commemorate a significant milestone in its manufacturing journey with the completion of 10 years of operations at its Chennai Factory. Reinforcing its role as a critical production base for both domestic and global markets, the company also celebrated the roll-out of its 5 millionth two-wheeler from this state-of-the-art facility -- an Aerox 155 Version S that marked the milestone. Over the past decade, the Chennai plant has become a cornerstone of Yamaha's global operations to serve both Indian customers and export markets. I ...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 >
New Delhi, Feb 7 (VOICE) In a testament to the nation's commitment to a cleaner, greener future, India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy, the government said on Friday.As of January 31, India's total solar capacity installed stands at 100.33 GW, with 84.10 GW under implementation and an additional 47.49 GW under tendering. This remarkable achievement marks a significant step toward realising the ambitious target of 500 GW of non-fossil fuel-based energy capacity by 2030 set ...Read More >
New Delhi [India], June 5 (ANI): On the occasion of World Environment Day, a website, "Discover Green Hydrogen," was launched by L&T GreenTech. The website focuses on the global clean energy revolution, providing insights, expert analysis, and real-time updates on the rapidly evolving Green Hydrogen industry. Powered by L&T GreenTech, a key division of L&T Energy's Green & Clean Energy Business, the newly launched website reflects L&T's unwavering commitment to sustainability. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. This website is designe ...Read More >
New Delhi [India], June 4 (ANI): To meet the country's ambitious 500 GW target, India's renewable sector will need to double its annual capacity addition to 50 gigawatts (GW) over 2025-2030, S&P Global Ratings said in a report. This will mean almost doubling last year's capacity addition of 29GW. The global rating agency said capacity addition will require USD 175 billion and up to USD 150 billion for the expansion and strengthening of the transmission and distribution network. The next five years will be crucial as the country strives to meet its target of 500GW renewable capacity by 2030. ...Read More >
New Delhi, Jun 6 (PTI) Almost every manufacturer in India, across various segments covered in a survey, has either invested in artificial intelligence and machine learning technology or is planning to do so, a senior officer from Rockwell Automation said on Friday. While sharing details of the survey, Rockwell Automation India Managing Director Dilip Sawhney told PTI that in a survey on smart manufacturing conducted two years ago, about two-thirds of organisations said they would either have already invested in AI or planned to do so in the next 12 months or thereafter. This figure crossed th ...Read More >
Mumbai: For the first time in the history of Maharashtra, electricity rates are set to decrease. According to the Chief Minister's Office (CMO), tariffs will be reduced by 10% in the first year, with a phased 26% reduction over the next five years. This move has been approved by the Maharashtra Electricity Regulatory Commission (MERC) after a proposal from the state electricity company (MSEDCL). Chief Minister Devendra Fadnavis hailed the decision on X, saying, "Good news on electricity tariffs! For the first time in the state's history, electricity tariffs will be reduced. Thanks to the Mah ...Read More >
New Delhi, Jun 27 (PTI) Gujarat-based Rayzon Solar has filed a draft paper with capital markets regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO). The IPO is entirely a fresh issue of up to Rs 1,500 crore with no offer for sale component. The offer also includes a subscription reservation with a discount to eligible persons in the employee reservation portion, according to the draft red herring prospectus (DRHP) filed on Wednesday. Also, the company is looking to raise about Rs 300 crore in a pre-IPO round. If the pre-IPO round takes place, the size of the fresh ...Read More >