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.
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 outpaced the pace of its grid and contractual institutions, a challenge common to all countries undergoing large-scale energy transitions, the ministry said.
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 >
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 >
New Delhi: The Centre is exploring the option of converting retired coal-based power plants to nuclear plants, said two people in the know of the developments. The need for conversion arises due to the requirement of large land parcels for nuclear plants even as the government aims to install over 22 GW of nuclear capacity by 2032 and 100 GW by 2047 from the current 8.7 GW. The government has already asked states to come up with plans to set up at least one nuclear plant each. "The possibility of converting retired thermal plants is being looked at and talks are underway within the governme ...Read More >
Patna: The state cabinet on Tuesday approved the Bihar Renewable Energy Policy 2025, setting a new direction for the state's transition towards clean and sustainable energy."This policy is a significant milestone in Bihar's journey towards a cleaner, more sustainable energy future. It reflects the CM's deep commitment to environmentally responsible development that safeguards future generations," energy minister Bijendra Prasad Yadav said.Energy secretary Manoj Kumar Singh said the policy would help meet growing energy needs while reducing dependence on fossil fuels. "This marks a step forward ...Read More >
Mumbai, July 4: Tata Power Chairman N Chandrasekaran, addressing the company's 106th Annual General Meeting (AGM) on July 4, emphasized the company's strategic growth, operational excellence, and unwavering commitment to clean energy, even as he acknowledged recent challenges. Opening the address with a solemn note, Chandrasekaran said, "We honour those who lost their lives in the recent Air India flight tragedy AI-171. Across the Tata Group, our thoughts are with the affected families and loved ones." He also paid homage to the late Ratan Tata, saying, "We bid farewell to Mr. Ratan Tata las ...Read More >
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 >
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 >
New Delhi, Jul 7 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) has reviewed 22 issues affecting 18 infrastructure projects worth Rs 36,296 crore in Gujarat and Rajasthan, an official statement said on Monday. The meeting, chaired by DPIIT Secretary Amardeep Bhatia, was attended by senior officials from central ministries, state governments, and project proponents. "A total of 22 issues related to 18 critical projects, collectively valued at over Rs 36,296 crore, were taken up for discussion," the commerce and industry ministry said. Among the major initiatives di ...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 >
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 >
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, Jun 30 (PTI) AM Green BV will buy Japanese financial service firm Orix Corp's 17.5 per cent stake in clean energy producer Greenko Energy Holdings for USD 1.28 billion, the firms said on Monday. AM Green is owned by the founders of Greenko, Anil Chalamalasetty and Mahesh Kolli. Post this transaction, AMG will own around 25 per cent of Greenko, whose largest owner is Singapore's sovereign wealth fund GIC Pte with a 58 per cent stake. Orix will transfer 17.5 per cent holding in Greenko, out of its total ownership of 20 per cent, to AM Green Power BV (a subsidiary of AM Green BV). T ...Read More >
Tata Power is transitioning from a pure-play solar and wind company to become a force in the hybrid renewable energy market and is also ready to take part in nuclear power development in future, Chairman N Chandrasekaran said on Friday. He was addressing shareholders at the company's 106th Annual General Meeting (AGM). Sharing the future plans of the company, Chandrasekaran said, "The company is transitioning from being a pure-play solar and wind company to being a force in the hybrid renewable ...Read More >
New Delhi [India], July 15 (ANI): Union Minister Pralhad Joshi on Tuesday said that the Ministry of New and Renewable Energy (MNRE) is committed to advancing cutting-edge renewable energy technologies under the vision of Aatmanirbhar Bharat, ensuring India leads in clean energy innovation. In this respect, the MNRE's support for premier institutions like NCPRE and IIT Bombay strengthens domestic R&D, reduces reliance on imported technology, and fosters indigenous manufacturing, he said, according to the Ministry of New and Renewable Energy. Also Read | Mohit Suri's Hits and Flops: A Box Offi ...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 >
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 >
Guwahati, Jul 15 (PTI) Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi will visit Assam on Wednesday during which they will interact with party functionaries of the state. State Congress chief Gaurav Gogoi said the district, block and mandal presidents of the party will be able to present their views before its top leadership during Kharge and Gandhi's visit. Also Read | Did Lucknow Court Judge Take Selfie With Rahul Gandhi During Hearing of Indian Army 'Defamation' Case? BJP's Amit Malviya Found Fake in Fact Check. "I look forward to welcoming Shri ...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 >
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 >
Bengaluru : INOXGFL Group, one of the leading business Groups in India in the energy transition space, announced today that Inox Clean Energy Limited's renewable independent power producer (RE IPP) arm, Inox Neo Energies Private Limited, has completed the acquisition of Skypower Solar India Private Limited, which has a portfolio comprising 50 MW (AC) / 57.5 MW (DC) of solar power assets located in Madhya Pradesh. The transaction values the asset at an enterprise value of ~Rs 265 crores, translating into a trailing EV/EBITDA multiple of ~ 5.3x. The 50 MW (AC) / 57.5 MW (DC) solar project, comm ...Read More >
New Delhi, July 7 (PTI) In a move to reduce electricity bills and promote usage of clean energy, the Delhi government has initiated widespread implementation of rooftop solar panel installations across the city under the RESCO model, an official statement said on Monday. Under the RESCO (Renewable Energy Service Company) model, a third-party firm installs, owns and manages solar energy system on a customer's property. The customer makes zero capital investment, and buys power from the firm at lower rates under a power purchase agreement. The initiative is expected to bring down the overall c ...Read More >
Thiruvananthapuram (Kerala) [India], July 9 (ANI): Following the violent protest at Kerala University, a case has been registered against 27 activists of the ruling CPM's Students Federation of India (SFI), including its state secretary P S Sanjeev, who has been named the prime accused, police said. The case also names 1,000 identifiable protesters who have been accused of damaging public property, forcibly entering the university campus, and assaulting police and university staff, police said on Tuesday. Also Read | Nobel Peace Prize 2025: From Mahatma Gandhi to Jawaharlal Nehru, Check Full ...Read More >
New Delhi, Jul 9 (PTI) The Municipal Corporation of Delhi (MCD) is likely to install rooftop solar power plants on 989 municipal buildings in a bid to reduce dependency on conventional power sources and lower electricity costs, officials said on Wednesday. The project will be executed in collaboration with NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC. Also Read | Belagavi Shocker: 3 of Family Members Die by Suicide After Consuming Poison Over Debt in Karnataka. Under the RESCO model, the executing agency bears the cost of installation, operation, and maintenanc ...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 >
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 >
Delhi : Reinforcing its commitment to Carbon Neutrality and clean energy innovation, Toyota Kirloskar Motor (TKM) today exchanged a Memorandum of Understanding (MoU) with Bengaluru-based Ohmium International, a leading PEM hydrogen technology provider, to co-develop Green Hydrogen-based integrated power solutions in India. This strategic undertaking highlights Toyota's pivotal role in fuel cell technology and advancing Green Hydrogen as the clean fuel of the future. It highlights the company's relentless efforts to foster a robust Hydrogen economy across mobility and stationary applications. ...Read More >
New Delhi, Jul 9 (PTI) The Municipal Corporation of Delhi (MCD) is likely to install rooftop solar power plants on 989 municipal buildings in a bid to reduce dependency on conventional power sources and lower electricity costs, officials said on Wednesday. The project will be executed in collaboration with NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC. Under the RESCO model, the executing agency bears the cost of installation, operation, and maintenance and is reimbursed over time through a fixed tariff per unit of solar energy generated, as agreed upon in a Powe ...Read More >
Hyderabad: Union Minister Kishan Reddy has written a letter to Telangana Chief Minister Revanth Reddy, requesting the state's cooperation in implementing key renewable energy projects proposed by central Public Sector Undertakings (CPSUs) under the Ministry of Coal. In his letter, the Union Minister highlighted the commitment of major CPSUs such as Coal India Limited (CIL) and Neyveli Lignite Corporation India Limited (NLCIL) to partner with the Telangana government. These companies aim to establish renewable energy infrastructure including solar and wind power plants, pumped storage projects ...Read More >