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.
Principal Secretary (Energy) Navin Mittal said for the upcoming 2026 Rabi/Summer seasons, the State's power demand is projected to exceed 19,000 MW, and instructed Chief Engineers and Superintending Engineers to complete all planned line repairs, installation of new transformers and other developmental works by December. At a review meeting with senior officials at the Southern Power Distribution Company (TGSPDCL), he stated that despite the maximum power demand reaching 17,162 MW this year, the
Gurugram, 11 December 2024: Around USD 40 billion of investments are envisaged over the next 5-6 years for the development of Electric Vehicles (EV) & ancillary industries in India. However, the deployment of these funds will rely upon successful implementation of government policies, charging infrastructure ramp-up and domestic manufacturing capacity scale-up. As per Colliers' latest report "EVs in India: Renewed Vigour in Electric Mobility", about two-thirds of the planned investments, can potentially materialize in the lithium-ion battery segment alone. Interestingly, despite slower than an ...Read More >
NEW DELHI: State-owned Coal India Limited (CIL) recorded a 34% year-on-year growth in environmentally friendly coal transportation in FY 2025, moving 102.5 million tonnes (MT) through 20 First Mile Connectivity (FMC) projects linked to the Indian Railways network. In comparison, 76.5 MT was transported in FY 2024 through 17 such projects. In the current financial year, up to the end of May, CIL registered a 36.7% increase in coal dispatch via FMC projects, compared to 15 MT during the same period last year. CIL, India's largest coal miner, also plans to commission 19 additional FMC projects w ...Read More >
Patna: Four private power companies -- Adani Power, JSW Energy, Torrent Power and Bajaj Group's Lalitpur Power -- have shown interest in setting up a 2,400-MW thermal power plant at Pirpainti in Bihar's Bhagalpur district, an energy department official said here on Friday. It will be first private sector investment -- a whopping Rs 21,400 crore -- in power sector in Bihar. Under the project, three plants -- each of 800-MW capacity -- will be set up at Pirpainti as part of Tariff-based Competitive Bidding (TBCB) process, for which Bihar State Power Generation Company Limited (BSPGCL), Patna, wi ...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 >
Chennai (Tamil Nadu) [India], July 2: Entrepreneur India EV 2025, held in Chennai on June 27-28, catalyzed bold conversations around India's electric future, bringing together policy visionaries, industry stalwarts, and capital enablers. The summit was a powerhouse of insights, partnerships and next-gen strategies--making it clear that India isn't just part of the global EV race; it's aiming for pole position. Also Read | FIFA Club World Cup 2025: Gonzalo Garcia's Goal Sends Real Madrid Into Quarterfinals With 1-0 Win Over Juventus (Watch Goal Video Highlights). Kicking off the two-day confe ...Read More >
The Indian government has awarded fiscal incentives totaling Rs 4,150 crore to four companies, including the BCGCL joint venture, for developing coal gasification projects aimed at producing ammonium nitrate, synthetic natural gas, and ethanol. This initiative is part of India's Rs 8,500 crore Coal Gasification Incentive Scheme. In a strategic move, the Indian government on Thursday granted fiscal incentives amounting to Rs 4,150 crore to four companies to bolster coal gasification projects. Amo ...Read More >
New Delhi: India's coal sector has registered a 5.88 per cent increase in production to 830.66 million tonnes (MT) during April 2024 to January 2025 of the current financial year, from 784.51 MT recorded during the same period of 2023-24, according to a Coal Ministry statement issued on Monday. The total coal production during January 2025 has reached 104.43 MT, reflecting a 4.38 per cent increase over 100.05 MT recorded during the corresponding period of the previous year. The contribution from captive, commercial, and other entities for January 2025 has also been particularly strong, with ...Read More >
Kanpur (UP), May 28 (PTI) Prime Minister Narendra Modi will lay the foundation stone and inaugurate multiple development projects worth about Rs 20,900 crore here on Friday to boost the region's infrastructure and connectivity, an official statement issued here said. He will launch Chunniganj Metro Station to Kanpur Central Metro Station section of the Kanpur Metro Rail Project worth more than Rs 2,120 crore. It will include 14 planned stations with five new underground stations integrating key city landmarks and commercial hubs into the metro network. Besides, he will also inaugurate road-w ...Read More >
The Delhi-Mumbai Expressway's Wayside Amenity Stations, initiated by NHAI, are revolutionizing the travel experience for long-distance truck drivers. These driver-centric stations offer essential facilities such as rest areas, dining, and refueling, significantly enhancing comfort, safety, and convenience for India's highway heroes. The Delhi-Mumbai Expressway, one of the most ambitious infrastructure projects by the Ministry of Road Transport and Highways, is setting new standards in eco-sensit ...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, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Also Read | SOF NSO Results 2024-25 Out at sofworld.org: National Science Olympiad Exam Result Released, Get Direct Link and Know Steps To Download. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies h ...Read More >
DHARMAPURI: For the third time in the past two months, a wild leopard wandered into a private farmland near Valaithottam village near Palacode and hunted chicken raised by a local farmer. Locals are increasingly distressed and urged the forest department to take steps to relocate the leopard. Over the past few months, there have been several reports of leopard sightings in forest areas near Palacode, particularly in Valaithottam village, near the forest's fringe. There have been two instances when the leopard attacked farmlands, taking away a domestic dog and a chicken. On Saturday, the leop ...Read More >
New Delhi, Jul 9 (PTI) The proposed 50 per cent import tariff on copper announced by US President Donald Trump will not have any impact on Indian companies as the country is copper-deficient, according to an industry official. Also, Coal and Mines Minister G Kishan Reddy on Wednesday said India will discuss the impact of US tariffs on copper. Also Read | Belagavi Shocker: 3 of Family Members Die by Suicide After Consuming Poison Over Debt in Karnataka. International Copper Association India Managing Director Mayur Karmarkar said, "India is a copper-deficient country, and its export, as such ...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 >
New Delhi: On this day in 2024, India defeated South Africa by 7 runs and lifted the T20 World Cup title at the Kensington Oval in Barbados. India posted a 177-run target for the Proteas in 20 overs after opting to bat first. Virat Kohli smashed 76 runs off 59 balls with the help of six boundaries and two maximums. Axar Patel also batted brilliantly and scored 47 runs off 31 balls, hitting four maximums and one boundary in his sensational knock. Chasing the target of 177 runs, Bumrah provided India their first breakthrough when he removed Reeza Hendricks in the second over of the run-chase, ...Read More >
Hyderabad: Union Minister for Coal and Mines G. Kishan Reddy on Friday released the Copper Vision Document and the Aluminium Vision Document at the international conference here on sustainable and responsible mining through best mine closure practices, organised by the Indian National Committee of the World Mining Congress. Reddy emphasised copper's vital contribution to India's energy transition, infrastructure growth, and green technologies such as electric vehicles and solar power. He stated that the Vision Document provides a long-term strategy to meet growing domestic demand while ensuri ...Read More >
Nagpur: Despite aggressive promotion of electric vehicles (EVs) under green energy initiatives, Nagpur district continues to grapple with a critical shortage of charging infrastructure. According to official data, there is just one EV charging station for every 515 electric vehicles in the district.The Maharashtra State Electricity Distribution Company Ltd (MSEDCL), which is the sole authority for providing power connections to EV charging points, revealed that 151 charging stations have been set up so far across the district and many of them are private and not available to public. Of these, ...Read More >
Nagpur: Surjagarh Iron Ore Mines of Lloyds Metals and Energy Ltd (LMEL) have brought laurels to Gadchiroli district by bagging 5-star rating from the Indian Bureau of Mines (IBM) under the Union Ministry of Mines. Union minister of coal & mines G Kishan Reddy presented the 5-Star Rating memento and certificate to senior officials of LMEL in a ceremony held at Rajasthan International Centre, Jaipur, on July 7. Surjagarh mines have won this national recognition for its stellar performance in operational excellence and green innovation in 2023-24. Reddy presented the award to LMEL officials in pr ...Read More >
Bengaluru: Electric vehicles are powering the green transformation of India's ecommerce industry. Amid an overall surge in order volumes, companies like Flipkart, Amazon, BigBasket, Swiggy, and Eternal (formerly Zomato) are speeding up the transition to ecofriendly vehicles for last-mile delivery, especially quick commerce. This is helping cut costs while lowering emissions and reducing the climate footprint. Walmart-backed Flipkart is looking to make its entire logistics fleet electric. After achieving the operational fleet milestone of 10,000 EVs last September, the company expanded its EV ...Read More >
New Delhi [India], July 2 (ANI): Coal production from captive and commercial mines in June 2025 reached 15.57 million tonnes (MT), while coal dispatches were recorded at 17.31 MT, according to the Ministry of Coal. These figures indicate a solid performance by the coal sector, which plays a crucial role in meeting the energy and raw material needs of key industries across the country. Also Read | Hemant Khandelwal Takes Charge As Madhya Pradesh BJP President, Replaces VD Sharma. The first quarter of the financial year 2025-26 has shown significant year-on-year growth. Coal production during ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies have been invited to the deliberations, they added. Earlier in March last year, the government rolled out an electric-vehicle policy, under which duty ...Read More >
Nagpur: Development without ecology is not development it is devastation in disguise, remarked, environmentalist and member of the State Board for Wildlife Shrikant Tekade while addressing a World Environment Day programme organised by RTO Nagpur in collaboration with the Institute of Environment, Ecology, Health & Management (IEEHM).Speaking on this year's theme 'Beat Plastic Pollution and Deforestation', Tekade painted a grim picture of plastic misuse and its growing impact on both urban and forest ecosystems. He pointed out that Nagpur generates over 1,100 tonnes of municipal waste daily, o ...Read More >
Puri: Despite travel uncertainties due to recent conflicts in some parts of the world, people from Europe and elsewhere have reached Puri to witness the annual Ratha Yatra of the sibling deities.As non-Hindus are not allowed inside the 12th-century Jagannath Temple, the Ratha Yatra provides a rare opportunity for devotees across the world to see the deities in their full glory atop their majestic wooden chariots."Back home, we are surrounded by uncertainty and fear. But here, I found peace. I came because this is my only chance to see Lord Jagannath. He comes out for the whole world. This is v ...Read More >
New Delhi, Jul 1 (PTI) The National Capital Region Transport Corporation (NCRTC) has installed fast electric vehicle (EV) charging stations at Guldhar and Duhai Namo Bharat stations to promote clean and sustainable transportation. With the addition of these two stations, three EV charging stations are now operational along the Delhi-Ghaziabad-Meerut Namo Bharat corridor, including the existing facility at Sahibabad station, according to a statement. It stated that the newly installed charging stations are equipped with high-voltage units of 50 kW capacity, capable of charging four-wheelers u ...Read More >
MUMBAI: Tata Power, the utility arm of the Tata Group, plans to contest the $490 million (Rs 4,200 crore) verdict handed down by the Singapore arbitral tribunal. The ruling stems from alleged breaches of confidentiality agreements with investment firm Kleros Capital Partners concerning a potential coal mining project in Russia. At Tata Power's annual shareholder meeting on Friday, chairman N Chandrasekaran said: "The company is reviewing the contents of the July 1 arbitration award and is discussing with lawyers. It will look at all options, including challenging the decision." He emphasised, ...Read More >
Odisha Unveils EV Policy 2.0: Aims for 50% Electric Vehicle Registrations by 2036 The Government of Odisha has officially launched its Electric Vehicle Policy 2.0, setting an ambitious target to make 50% of all new vehicle registrations electric by the year 2036. With a forward-looking and inclusive strategy, the state is gearing up to become one of India's most proactive regions in embracing sustainable and clean mobility. ✅ Policy Vision and Goals The core objective of Odisha's EV Policy 2.0 is to significantly reduce the state's carbon footprint, improve air quality, and promote environm ...Read More >
Guwahati: VL Kantha Rao, Secretary, Ministry of Mines, underscored that the Geological Survey of India has identified over 36,000 square kilometres in the Northeast India as having mineral potential, translating to nearly 3,000 prospective mines. He highlighted that Assam has now firmly entered the national auction map, signalling a new era for mineral development. The 2nd North East Geology and Mining Ministers' Conclave was inaugurated in Guwahati, Assam on Friday. He called for expanding exp ...Read More >
New Delhi, June 29 (SocialNews.XYZ) The Indian cement sector reached 39.6 million metric tonnes (MT) in May, recorded a strong 9 per cent year-on-year (YoY) growth in volumes, according to a new report. The positive trend continued in the first two months of FY26, with volumes rising 8 per cent YoY to 78.7 million MT, according to the report by ICRA. For FY2025, cement volumes grew by 6.3 per cent YoY, totalling 453.0 million MT. ICRA projects a further 6-7 per cent growth in FY2026, with volumes expected to reach 480-485 million MT, driven by sustained demand from the housing and infrastru ...Read More >
New Delhi, Jun 30 (PTI) Servotech Renewable Power System on Monday said it has received an order from Bengaluru International Airport Limited (BIAL) to install ultra-fast EV chargers at Kempegowda International Airport. Each charger will have a capacity of 240 kW and will enhance the e-transport operational efficiency at the airport, Servotech Renewable Power System said in a statement. Also Read | Government Job Alert: Indian Navy 10+2 BTech Cadet Entry Scheme Goes Live on joinindiannavy.gov.in; Know Eligibility Criteria, Steps To Apply. Servotech Renewable Power System has received an ord ...Read More >
Jamshedpur: Tata Steel Nederland (TSN) has submitted its Environment Impact Assessment (EIA) to the province of North Holland. The report lays bare the environmental and health implications of the Steel Major's plans to overhaul its steel production at the Ijmuiden site. "The new steel plant, which will operate using natural gas and green electricity instead of coal, is expected to slash CO₂ emissions by 5 million tonnes," the company said in a press release on Monday.With future integration of hydrogen, bio-methane, and underground carbon storage, the reductions could go even further- making ...Read More >