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.
The two sides are also discussing new areas of cooperation, including the construction of small modular reactors (SMRs) of Russian design in India, Rosatom said in a statement following a meeting in Mumbai between its director general Alexey Likhachev and Department of Atomic Energy chairman Ajit Kumar Mohanty. The meeting focused on the development of bilateral cooperation in nuclear energy. The two sides also reviewed progress on the Kudankulam nuclear power plant in Tamil Nadu, the largest nu
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 >
Patiala: Punjab faces unprecedented pressure on its power grid, with electricity demand almost doubling over the past 12 years -- drawing parallels with a developing nation's industrial boom and raising fears of future grid stress. On July 5, the demand was highest ever, with peak load surging to 17,233 MW, almost double the 9,074 MW recorded in the year 2012-13. Officials associate this sharp rise with the state's intensifying domestic, industrial, and agricultural power usage -- during the summer sowing season particularly.The Punjab State Power Corporation Limited (PSPCL) attributed the sur ...Read More >
Chennai, Oct 1 (SocialNews.XYZ) The Coimbatore region of Tamil Nadu Power Distribution Corporation Limited (TNPDCL) is set to install rooftop solar panels on 30,000 houses by March 2027 as part of the Prime Minister Surya Ghar Muft Bijli Yojana. The initiative is a key step in boosting clean energy use and helping households cut down on electricity expenses. Statewide, TNPDCL plans to cover 1.8 lakh homes with rooftop solar systems by the same deadline. Since the scheme's launch in February 2024, around 36,000 houses across Tamil Nadu have already installed solar panels, with 6,000 of them i ...Read More >
Chennai: India's fast breeder reactor programme achieved twin milestones this week. The Fast Breeder Test Reactor (FBTR) at the Indira Gandhi Centre for Atomic Research (IGCAR), Kalpakkam, marked 40 years of attaining first criticality. Meanwhile, engineers began loading fuel into the Prototype Fast Breeder Reactor (PFBR), the country's most advanced and complex atomic power plant.Officials said the Atomic Energy Regulatory Board (AERB) recently granted permission for fuel loading into the 500 MW ...Read More >
New Delhi: Union Minister for New and Renewable Energy (MNRE) Pralhad Joshi on Wednesday said that India has ranked third globally in renewable energy installed capacity, surpassing Brazil. According to the latest data released by the International Renewable Energy Agency (IRENA), domestic installed renewable energy capacity stood at 250.52 GW as of December 2025, placing the country behind China and the US, while moving ahead of Brazil and Germany in the global rankings. The minister told the media that the country added a record 55.3 GW of non-fossil fuel capacity during 2025-26, which is ...Read More >
NEW DELHI, 8 Apr: The Union Cabinet Committee on Economic Affairs has approved major investments for two hydroelectric projects in Arunachal Pradesh, together amounting to over Rs. 40,000 crore, aimed at boosting power generation and strengthening infrastructure in the region. The Cabinet cleared Rs. 26,069.50 crore for the 1720 MW Kamala Hydro Electric Project (HEP), to be constructed across Kamle, Kra Daadi, and Kurung Kumey districts, with an estimated completion period of 96 months. The project will comprise eight units of 210 MW each and one unit of 40 MW, generating 6870 million units ( ...Read More >
MUMBAI: ICICI Bank has rolled back its rule requiring new savings accounts opened after Aug 1 to maintain a monthly average balance (MAB) of Rs 50,000 and has revised the threshold to Rs 15,000. The move follows a social media backlash against the higher balance requirement, which was criticised for making banking exclusive.The bank said it has revised its schedule of charges and MAB requirements following customer feedback. The changes do not apply to salary accounts, senior citizens above 60 years, basic accounts/PM Jan Dhan Yojana accounts, or those opened before July 31, 2025.Meanwhile, HD ...Read More >
Prime Minister Narendra Modi inaugurated the Mahi Banswara Rajasthan Atomic Power Project, a 2,800 MW nuclear plant developed by NPCIL-NTPC, with an investment of Rs 42,000 crore. This project, along with other energy initiatives exceeding Rs 51,000 crore, aims to supply reliable power, create employment, and boost economic growth in Rajasthan. The 2,800 MW Mahi Banswara Rajasthan Atomic Power Project, developed by a NPCIL-NTPC joint venture at an investment of around Rs 42,000 crore in Rajastha ...Read More >
New Delhi, Oct 17 (PTI) India's most complex atomic power plant -- the Prototype Fast Breeder Reactor -- moved a step forward as engineers started loading fuel into the unit, which will be the only second of its kind in the world. The Atomic Energy Regulatory Board (AERB) granted permission for loading fuel into the 500 MWe Prototype Fast Breeder Reactor being developed by the Bhartiya Nabhikiya Vidyut Nigam (BHAVINI) at Kalpakkam in Tamil Nadu. "We faced technical problems in loading the fuel in March last year. We have solved those problems, and got the regulatory clearance to load fuel on ...Read More >
New Delhi [India], December 17 (ANI): Minister of State (Independent Charge) for Science and Technology and Atomic Energy Jitendra Singh on Wednesday addressed questions raised by Opposition MPs regarding the recently tabled 'The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill, 2025'. Taking part in the debate in Lok Sabha on Wednesday, Singh said that certain Opposition MPs were pushing "contradictory" facts and statements. He said that a lot of provisions mentioned in the new bill were already there in the previous legislation. "There were certain obje ...Read More >
NTPC, India's largest integrated power utility, has proposed setting up a nuclear power plant in Uttar Pradesh, identifying three potential sites as part of its push to expand non-fossil fuel capacity, officials said on Monday. Diwakar Kaushik, regional executive director (North), NTPC Limited, said at a press conference that the final decision on the site will rest with the state government after feasibility assessments and clearances. The three sites identified are in Prayagraj, Lalitpur and ...Read More >
Lucknow, Apr 7 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said the Prototype Fast Breeder Reactor at Tamil Nadu's Kalpakkam stands as a symbol of India's technological excellence and national ambition. He said the achievement reinforces India's rise as a global energy leader. In an X post, Adityanath said, "India enters a new era of nuclear strength. The Prototype Fast Breeder Reactor at Kalpakkam stands as a symbol of our technological excellence and national ambition. By harnessing our vast thorium reserves, Bharat is taking a decisive step towards energy supremacy and l ...Read More >
A Russian strike on a nine-story building in the city of Sumy in northern Ukraine killed eight people and wounded dozens, an official said Sunday (November 17, 2024), as Russia launched a massive drone and missile attack described by officials as the largest in recent months. "Among the eight killed in Sumy, 40 kilometers (24 miles) from the border with Russia, were two children," said Ukraine's Minister of Internal Affairs Ihor Klymenko. More than 400 people were evacuated from the building. Ukraine's Zelenskyy urges allies to take steps before North Korean troops reach the front The rescu ...Read More >
New Delhi, Jul 1 (PTI) State-owned SJVN on Tuesday announced signing an agreement with Uttar Pradesh Power Corporation Limited (UPPCL) to supply power from its 900-MW Arun-III Hydro Electric Project in Nepal. The company also signed power purchase agreements (PPAs) with UPPCL for supply of power from its upcoming 210 MW Luhri Stage-I and 382 MW Sunni Dam Hydro Electric Project (HEP) and 382 MW Sunni Dam HEP in Himachal Pradesh, Shimla-based SJVN said in a statement. Together, these projects will add 592 MW of green energy to the national grid. These HEP will generate 2140 MU of electricity a ...Read More >
India will be able to address the apprehensions of the private sector globally about investments in the civil nuclear sector, which was opened up to achieve the ambitious target of producing 100 GW of atomic power by 2047, Union Minister Jitendra Singh has asserted. Mr. Singh, who oversees the Department of Atomic Energy, said changes in relevant rules and legislations will have to be made to facilitate the entry of the private sector in the field of nuclear energy, which currently is under tigh ...Read More >
New Delhi: Even as the Lok Sabha passed the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, 2025 -- a bill that aims to end the decades-long state monopoly on nuclear power and enables the sector's privatization -- the Opposition Member of Parliaments (MPs) have not just staged a walkout from the lower house but also raised serious concerns about 'loopholes'. 'Nuclear bill or unclear bill?' "The SHANTI Bill is a milestone Mr. minister but for the wrong reasons....it is heavy on discretion and largely indifferent to public welfare. I am not sure ...Read More >
Surat (Gujarat) [India], April 7 (ANI): India possesses vast nuclear energy resources, particularly thorium reserves, that can generate around 5,000 units of electricity per person per year for nearly 500 years, but greater public awareness is needed to address safety concerns and accelerate adoption. Speaking to ANI on India's advancing nuclear programme, Senior Scientist, Department of Atomic Energy, Neelam Goyal said that electricity remains the backbone of India's economy, supporting agriculture, industry and services. Also Read | 'Completely False': Sundar C and Wife Khushbu Slam Fake M ...Read More >
Over the course of the day, PM Modi logged nearly 4.5 hours of air travel, including 2 hours of chopper rides, to connect with people and projects across multiple states Prime Minister Narendra Modi's day on September 25th was marked by a hectic schedule and diverse engagements, reflecting both his pace of work and his outreach across multiple sectors, despite being on a 9-day fast during Navratri. Over the course of the day, PM Modi logged nearly 4.5 hours of air travel, including 2 hours of c ...Read More >
New Delhi [India], December 5 (ANI): Russia has reaffirmed its long-standing energy partnership with India, with President Vladimir Putin declaring that Moscow will remain a steady, uninterrupted supplier for the country's fast-growing economy. While adressing the joint press address with Prime Minister Narendra Modi, he said the two countries are seeing "successful partnership in energy," adding that "Russia is a reliable supply of oil, gas, coal and everything that is required for the development of India's energy. We are ready to continue uninterrupted shipments of fuel for the fast-growin ...Read More >
New Delhi, Apr 2 (PTI) NTPC on Thursday said it generated 432.2 billion units of electricity and achieved highest every capacity addition of 9,619 MW in fiscal year 2025-26. NTPC added 5,488 MW of renewable capacity in FY26 across solar, wind, and Pumped Storage Projects (PSP), a company statement said. In FY26, NTPC achieved coal production of 48.65 million tonne, registering a steady 6.22 per cent year-on-year (YoY) growth. The company also recorded a strong growth in power trading, with 46.52 billion units traded in FY26, marking 13 per cent year-on-year growth. NTPC achieved 105 per cent ...Read More >
Hyderabad: Prime Minister Narendra Modi on Monday announced that indigenously designed and built 500 megawatt Prototype Fast Breeder Reactor (PFBR) at Kalpakkam has attained criticality -- which means that it is producing more nuclear fuel than it is consume. This makes India only the second country to run breeder reactors after Russia. Criticality means the start of controlled fission chain reaction: In the PFBR, it means producing more nuclear fuel and electric power. The PFBR runs on a mix of Plutonium-239 (the 'fire) and Uranium-238 ('the breeding ground'). This mix fires atomic particle ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The International Energy Agency (IEA) on Wednesday praised India and Prime Minister Narendra Modi on the successful achievement of the first criticality of the 500 MWe Prototype Fast Breeder Reactor (PFBR), calling it an important technological milestone. In a post on X, the global energy body lauded Indian scientists and engineers for the achievement, which comes after years of development. The IEA said the reactor will use significantly less nuclear fuel compared to conventional reactors and would help pave the way for a "pathway towards a closed fuel cy ...Read More >
The Assam Electricity Regulatory Commission (AERC) has recently introduced amendments to its regulations to encourage the use of renewable energy across the state. These changes are part of the AERC's efforts to promote "Open Access," following a petition filed earlier this year regarding existing rules. The new rules, named the AERC (Terms and Conditions for Open Access) Regulations, 2024 (First Amendment), 2025, aim to make it easier for consumers to access green energy. A key update in the amendments is Regulation 4.3, which allows more consumers to participate in Green Energy Open Access. ...Read More >
New Delhi: Congress MP Shashi Tharoor on Wednesday described the government's nuclear energy bill as a "dangerous leap into privatised nuclear expansion" without adequate safeguards and asserted that the pursuit of capital cannot be allowed to override the requirements of public safety, environmental protection and victim justice. Participating in a debate on the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill in the Lok Sabha, Tharoor claimed that the proposed legislation is ridden with exceptions, heavy on discretion and largely indifferent to p ...Read More >
UP Nuclear Power Plant: In a significant move aimed at strengthening long-term energy security, NTPC Limited is exploring the possibility of setting up a nuclear power plant in Uttar Pradesh. The initiative comes amid rising electricity demand and the need for cleaner, sustainable energy sources. Senior officials of NTPC confirmed that preliminary discussions and feasibility assessments are currently underway. Key factors such as land availability, water resources, environmental impact, and regulatory approvals are being evaluated before finalizing the project. According to officials, the di ...Read More >
New Delhi [India], April 8 (ANI): NTPC Limited has entered into a non-binding Memorandum of Understanding (MoU) with Électricite de France (EDF) to jointly explore opportunities for developing nuclear power projects in India. This follows approval from the concerned ministries & departments of the Government of India. The MoU was signed by Arnada Prasad Samal, CGM (Nuclear Cell), on behalf of NTPC, and Vakisasi Ramany, Senior Vice President, International Nuclear Development, on behalf of EDF. According to a statement released by NTPC, "The MoU establishes a framework for both companies to ...Read More >
New Delhi: Uranium is one of the critical raw materials for nuclear weapons, and today, it stands at the center of global concern among the world's major powers. The recent Iran-Israel conflict is the latest example of this. Israel, during the 12-day-long war, launched brutal attacks on Iran's nuclear facilities, fearing that Iran was getting dangerously close to developing a nuclear bomb. The world today knows that whoever controls uranium holds the key to becoming a nuclear power. Australia has the largest uranium reserves in the world, yet it has no nuclear power plants and no nuclear weap ...Read More >
NEW DELHI: India has taken a major step towards nuclear fuel self-reliance after its indigenously developed Prototype Fast Breeder Reactor (PFBR) at Kalpakkam attained criticality, marking the start of a controlled nuclear reaction and advancing the country's long-term atomic energy programme.The milestone, confirmed on Monday, marks a crucial stage before full power generation begins. Once operational, the reactor is expected to play a key role in India's plan to scale nuclear power capacity to 100 gigawatts by 2047, from the current level of around eight gigawatts.Prime Minister Narendra Mod ...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 >
New Delhi [India], April 3 (ANI): Russia's First Deputy Chairman Denis Manturov reaffirmed that Russian companies have the capacity to steadily increase supplies of oil and liquefied natural gas (LNG) to the Indian market amid the energy crisis due to the conflict in West Asia, underlining deepening energy cooperation between the two countries during his official visit to the country. According to a statement issued by the Russian Embassy in India on Telegram on Thursday, Manturov highlighted that Russia had boosted supplies of in-demand mineral fertilisers to India by 40 per cent by the end ...Read More >