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.
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 and environmental stewardship, reaffirming CPDL's commitment to a cleaner and greener future.On Oct 20, between 8am and 2pm, CPDL successfully met almost the entire electricity requirement of its consumers through renewable energy, making this Diwali not only bright but also environmentally responsible.Speaking on the occasion, Arun Kumar Verma, director, CPDL, said, "This Diwali was truly special for Chandigarh. Powering the city with green energy reflects our collective responsibility towards sustainability. We are proud to lead the way in making Chandigarh a model city for clean energy transition.""CPDL continues to strengthen its renewable energy portfolio and aims to further increase the share of green energy in Chandigarh's power supply in the coming years," added Verma. MSID:: 124722925 413 |
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 >
Shimla (Himachal Pradesh) [India], December 11 (ANI): A Bharatiya Janata Party (BJP) delegation, led by senior leaders, met Himachal Pradesh Governor Pratap Shukla recently to submit a comprehensive 106-page memorandum titled "Kachcha Chittha". The document, which alleges rampant corruption and administrative failures in the two years of Congress rule under Chief Minister Sukhvinder Singh Sukhu, aims to hold the state government accountable for what the BJP describes as a period of "unprecedented mismanagement and destruction." Speaking to the media after meeting the Governor, Himachal Prade ...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 >
IREDA plans to raise Rs 5,000 crore through a QIP, setting the floor price at Rs 173.83 per share. The initiative supports growing green energy financing demands. The board and shareholders had earlier approved the move, with possible discounts and non-dilution commitments outlined. State-run Indian Renewable Energy Development Agency Ltd (IREDA) has established the floor price for its qualified institutional placement (QIP) at Rs 173.83 per equity share, aiming to raise approximately Rs 5,000 c ...Read More >
India's foreign direct investment (FDI) reached $81.04 billion in FY 2024-25, marking a 14% growth over the previous year, as investors lauded the country's liberalized policy regime and proactive economic reforms at an Investor Roundtable held in New Delhi. The event, hosted on June 5 at Vanijya Bhawan, brought together over 90 representatives from industrial parks, multinational firms, and business associations, with more than 50 industrial parks from states including Rajasthan, Maharashtra, Delhi, Gujarat, Uttar Pradesh, Karnataka, and Tamil Nadu participating in discussions. Union Minist ...Read More >
Speaking at IIT Bombay's Techfest 2024, Mr Adani, the 27-year old younger son of infrastructure magnate Gautam Adani, said the future of technology is both scary and exciting. India cannot stay out of global technological race, said Jeet Adani. Mumbai: India cannot stay out of global technological race and should build capabilities that will keep it at the top while remaining vigilant against its misuse, said Jeet Adani, Director, Adani Airport Holdings Ltd. Speaking at IIT Bombay's Techfest ...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 >
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 >
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, 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 >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
The Smart India Hackathon (SIH) 2024, one of India's largest platforms for fostering innovation and entrepreneurship, is set to culminate in its Grand Finale at the Indian Institute of Technology (IIT) Roorkee from 11th to 15th December 2024. As part of its 7th edition, SIH 2024 continues to exemplify the vision of Hon'ble Prime Minister Shri Narendra Modi Ji to make India self-reliant and globally competitive through youth empowerment and innovation. He will interact with young innovators at the Grand Finale of Smart India Hackathon 2024 on 11th December 2024, at around 4:30 PM, via video con ...Read More >
VMPL New Delhi [India], December 18: Five months after the launch of the "Go Green with Taiwan" project by Taiwan International Trade Administration (TITA) and Taiwan External Trade Development Council (TAITRA), and after receiving a total of 396 proposals from 45 countries around the world, the most exciting part is finally here. On December 9, 2024, the Top 5 finalists went on an all-expense paid trip to Taiwan where they presented their entries and convinced a distinguished panel of experts and judges from Taiwan that their entries can and will help change the way we live and establish a ...Read More >
Mumbai: The Brihanmumbai Municipal Corporation (BMC), considered the richest civic body in the country, tabled its budget of Rs 74,427 crore for 2025-26 at its headquarters in Mumbai on Tuesday. The additional municipal commissioners presented the budget to BMC commissioner Bhushan Gagrani, the state-appointed administrator. BMC is currently run by an administrator since the term of the corporators ended on March 7, 2022. This is the third year of the budget being presented to the administrator, in deviation from the norm where the municipal commissioner presents the budget to the standing co ...Read More >
Sample of Earth Minerals. (Representative) Quick Read Summary is AI generated, newsroom reviewed. India is negotiating with companies to create long-term rare earth magnet stockpiles. The initiative aims to reduce dependence on China, which controls 90% of magnet processing globally. The government is considering fiscal incentives to boost domestic production of rare earth magnets. New Delhi: India is holding talks with companies to establish long-term stockpiles of rare earth magnets by offering fiscal incentives for domestic production, people familiar with the matter said. Building ...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 >
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 >
Oslo [Norway], June 5 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked them with leading global players, exploring opportunities for collaboration and future business. A Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,500 DWT multi-purpose vessels. These vessels will have hybrid propulsion and will adhere to the latest ...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 >
he Australian government claimed on Thursday that the country is on track to meet its 2030 emissions reduction target, with new figures showing improved projections. In an annual climate change statement delivered to parliament, Minister for Climate Change and Energy Chris Bowen announced that Australia is projected to cut its greenhouse gas emissions by 42.6 per cent from 2005 levels by 2030 -- up from the 37-per cent cut projected in 2023.The government has committed to cutting Australia's emissions by 43 percent from 2005 levels by 2030, Xinhua news agency reported. "Our robust reforms an ...Read More >
Dec 3 (Reuters) - India's top renewable energy agency said on Tuesday it withdrew its ban prohibiting Reliance Power (RPOL.NS), opens new tab from participating in tenders for clean energy projects after a court directive. Last month, the Solar Energy Corporation of India (SECI) had barred Reliance Power from bidding for its tenders for three years and was weighing criminal proceedings against the company after a bank guarantee turned out to be a fake endorsement. The High Court of Delhi had granted a stay last week on the notice of debarment after the Anil Ambani-owned company challenged th ...Read More >
PNN New Delhi [India], December 12: In the 21st century, the world is going green in phases, and therefore using renewable sources of energy isn't going to harm the environment, but it's going to benefit your pocket. On average, the IEA has anticipated an increase of renewable energy sources' capacity by 75% from 2022 to 2027, spearheaded by solar and wind energy. Renewable energy investment is already at more than $50 billion annually in the United States. It is projected to climb even higher as federal incentives such as the Inflation Reduction Act push this sector forward. To the industr ...Read More >
West Bengal [India], February 5 (ANI): At the 8th edition of the Bengal Global Business Summit 2025, Bhutanese Minister Younten Phuntsho emphasised the importance of the summit as a platform for strengthening the collaboration between India and Bhutan. Addressing the audience, he said, "For Bhutan, this summit is an opportunity to further deepen our (India-Bhutan) collaboration and identify strategic areas where our shared aspirations align. There are several key areas where we can forge even stronger partnership - first is tourism, we invite investors to explore opportunities in wellness tou ...Read More >
New Delhi, November 27, 2024: The Centre for Environment and Sustainable Development (CESD), SIST, Jamia Hamdard, organized a thought-provoking lecture on "Climate Change and Green Transition: Global Impact on Natural Disasters and their Management" on 25 November 2024. The event was part of CESD's ongoing initiatives to promote awareness and action on critical environmental issues. Professor (Dr.) M. Z. Abdin, Director of CESD, delivered the welcome address and introductory remarks, setting the stage for the session. He emphasized the urgency of transitioning to green energy and sustainable ...Read More >