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: An Indian national was killed in an attack on a power and water desalination plant in Kuwait, taking the toll of Indians killed in the ongoing war in West Asia to eight."Embassy of India in Kuwait expresses its condolences at the tragic demise of an Indian national due to an attack on a desalination facility in Kuwait yesterday. The embassy is coordinating with Kuwaiti authorities to render all possible support and assistance," said the Indian embassy on X, confirming the first Indian death in Kuwait in the conflict.Kuwait's ministry of electricity, water and renewable energy said a service building at one of its power and water distillation plants was damaged during the attack, according to the state-run KUNA news agency. Officials described it as a "brutal attack". The plant where the attack occurred wasn't identified.Ministry spokesperson Fatima Jawhar Hayat said the strike resulted in the death of a worker of Indian nationality, Gulf News reported.
Gandhinagar (Gujarat) [India], June 28 (ANI): Gujarat Chief Minister Bhupendra Patel on Saturday visited the site of the world's largest upcoming Hybrid Renewable Energy (RE) Park near Khavda and held a review meeting with representatives from various companies. On this occasion, he inspected the progress of solar and wind energy generation from the Central Control Room, reviewed the ongoing work with officials, and offered guidance to further advance the vision of green energy, said release. To pave the way for a Viksit Gujarat through green growth, Prime Minister Shri Narendra Modi laid th ...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 >
New Delhi [India], July 16 (ANI): The Indian government expressed regret on Tuesday over the reported demolition of the ancestral property of celebrated filmmaker and writer Satyajit Ray in Mymensingh, Bangladesh and expressed its willingness to extend cooperation in its restoration. "We note with profound regret that the ancestral property of noted filmmaker and litterateur Satyajit Ray in Mymensingh, Bangladesh, belonging to his grandfather and eminent litterateur, Upendra Kishor Ray Chowdhury, is being demolished," the Ministry of External Affairs said. Also Read | India Urges Bangladesh ...Read More >
VISAKHAPATNAM: Energy Minister Gottipati Ravi Kumar inaugurated Andhra Pradesh's first Super ECBC (Energy Conservation Building Code) compliant building at Sagar Nagar in Visakhapatnam on Friday. Terming it a landmark in sustainable infrastructure, he emphasised the government's commitment to energy efficiency and green design in public facilities. The facility will serve as a national-level training hub for power sector staff. He urged power utilities to expedite 20 lakh rooftop solar connections, targeting 10,000 in each Assembly segment. He reaffirmed nine-hour uninterrupted power for agri ...Read More >
July 14 (Reuters) - India said on Monday it has achieved 50% of its installed electricity capacity from non-fossil fuel sources -- five years ahead of its 2030 target under the Paris Agreement, signalling accelerating momentum in the country's clean energy transition. WHY IT'S IMPORTANT The announcement comes as India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, while coal-fired generation declined nearly 3%. Fossil fuels still accounted for over two-thirds of the increase in power generation last year. India plans to expand coal-fired capacity by ...Read More >
Madrid [Spain], July 16 (ANI): Madhya Pradesh Chief Minister Mohan Yadav arrived in Madrid on Wednesday, leading a high-level delegation as part of his official visit to Spain. Yadav and his delegation were received at the Madrid Barajas Airport by India's Ambassador to Spain, Dinesh K Patnaik. https://x.com/IndiainSpain/status/1945196636919226463 Sharing the pictures of the MP CM's arrival, the Indian embassy wrote, 'High-level delegation led by Hon'ble Chief Minister of Madhya Pradesh Mohan Yadav arrived in Madrid, Spain today. Ambassador Dinesh K Patnaik received the delegation at the Ma ...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, 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 >
H.E. Josel Francisco Ignacio, current Ambassador of the Philippines to India shares his credentials with President Droupadi Murmu On 16 November 1949, the Philippines and India, the two independent democracies would forge diplomatic ties. The two republics were born just a few years apart, first set out on the road to their bilateral friendship and collaboration. This inaugurated a period of closer government interaction, commerce and investment, and other bilateral and multilateral cooperation. Building on much common ground in history, democratic ideals, socio-economic imperatives and aspi ...Read More >
New Delhi, June 28 (SocialNews.XYZ) The Ministry of Power has announced the launch of a task force to conceive the India Energy Stack, a pioneering initiative aimed at creating a unified, secure, and interoperable digital infrastructure for the country's energy sector. The India Energy Stack will play a vital role in integrating renewable energy, enhancing DISCOM efficiency, and delivering transparent, reliable, and future-ready power services, the official statement said. As India charts its path to becoming a $5 trillion economy and advances towards its Net Zero commitments, the power sect ...Read More >
New Delhi: Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks, including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youngest of the three was in April this year appointed Executive Director of Reliance Indus ...Read More >
Ahmedabad (Gujarat) [India], June 30 (ANI): Adani Green Energy Limited (AGEL) has achieved a significant milestone by surpassing 15,000 megawatts (MW) of operational capacity, specifically reaching 15,539.9 MW. According to the Adani group, this accomplishment marks the fastest and largest capacity addition in India to date. The operational portfolio includes ~11,005.5 MW of solar, ~1,977.8 MW of wind, and ~2,556.6 MW of wind-solar hybrid capacity. Also Read | TikTok Deal To Be Announced Soon in US? Donald Trump Says He Has Found a Group of 'Very Wealthy People' To Buy ByteDance-Owned App, I ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...Read More >
New Delhi, July 8 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Tuesday received dividend cheques to the tune of Rs 5,304 crore on behalf of the government from three public sector banks for the financial year ended on March 31, 2025. A dividend cheque of Rs 2,335 crore for FY 2024-25 was presented to the Finance Minister, in her North Block office, by Punjab National Bank MD and CEO Ashok Chandra, while Bank of India MD & CEO Rajneesh Karnatak presented a cheque of Rs 1,353 crore. The third dividend cheque of Rs 1,616 crore for FY 2024-25 was presented to Finance Minister Sitharama ...Read More >
New Delhi [India], July 10 (ANI): Morocco's Ambassador to India, Mohamed Maliki, underscored the expanding scope of India-Morocco relations during a wide-ranging interaction in the national capital. Highlighting deepening cooperation in trade, defence, investment, counter-terrorism, and beyond, he outlined key areas of collaboration and ambitious plans for the future. Also Read | Ukraine-Russia War: Moscow Blasts Kyiv With Another Missile, Drone Barrage, Killing at Least 2. "I think the sky is not even the limit for us... because we believe in making India, we believe in the capabilities of ...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 [India], June 29 (ANI): The world paused on June 13 when Israel targeted major military and nuclear facilities, and crucial personalities in Iran as it launched a series of attacks to disempower the West Asian country. Also Read | Hakham Muhammad Issa Al-Issa Dead: IDF Eliminates Hamas Mastermind Behind October 2023 Attack in Israel. The involvement of the Houthis of Yemen and the US in this high-tension conflict stopped short of a nuclear apocalypse--but this was not entirely unexpected. Some saw this coming. Supporting Israel, the US went ahead and struck three key nuclear sites ...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 >
New Delhi, Jul 8 (PTI) India's hydrogen demand is expected to rise at a compound annual growth rate of 3 per cent to 8.8 million tonne per annum by 2032, a report released by India Energy Storage Alliance (IESA) on Tuesday said. The report unveiled on the first day of India Energy Storage Week here said that despite announcements of green hydrogen projects of over 9 MTPA capacity, few in India have reached the Final Investment Decision (FID) or secured long-term offtake agreements from domestic or international markets. In the baseline scenario, with 30 per cent of the announced green hydrog ...Read More >
Ahmedabad (Gujarat) [India], July 8 (ANI): The Adani Group on Tuesday launched the third film in its #HumKarkeDikhateHain campaign, titled 'Story of Suraj'. This film underscores the group's mission to drive sustainable progress through clean energy initiatives, transforming communities across the nation.The story of Suraj paints a picture of a town transformed by Adani's solar energy solutions. The film follows a character, Rakesh, who returns to his hometown after years and is moved by the dramatic changes brought about by the uninterrupted solar power in the village--thriving agriculture, d ...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: Employees and workers affiliated with 10 central trade unions went on a day-long strike Wednesday, but essential services remained unaffected. There were reports of the strike impacting a select few services in Kerala, Jharkhand, and Puducherry. The forum has claimed that 25 crore workers are being mobilised for the "general strike" in protest against the new labour codes, along with other issues. All India Trade Union Congress General Secretary Amarjeet Kaur told PTI that the general strike started across the country Wednesday morning and she has received reports and pictures of ...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 >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...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 >
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 >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
NEW DELHI: Adani Green Energy Limited (AGEL) on Monday announced it has surpassed 15,000 megawatts (MW) of operational renewable energy capacity, reaching a total of 15,539.9 MW. The company said its operational portfolio includes approximately 11,005.5 MW of solar, 1,977.8 MW of wind, and 2,556.6 MW of wind-solar hybrid capacity. "Surpassing the 15,000 MW milestone is a moment of immense pride," said Ashish Khanna, CEO of AGEL. "This achievement is a testament to our team's relentless focus and execution. It would not have been possible without visionary leadership, and the support of our ...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 >