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.
VISAKHAPATNAM: NTPC Simhadri has reported a total gross power generation of 11,136.44 million units (MUs) up to March 27 in the financial year 2025-26. The plant operated at a plant load factor of 64.27 per cent, while solar generation stood at 39.362 MUs during the period. In an interaction with the media at NTPC, Head of Project Ayaskanta Jena said the station has an installed capacity of 4x500 MW (2,000 MW), along with a 25 MW floating solar plant. He stated the unit plays a key role in meeting the power requirements of Andhra Pradesh and Telangana, with 684 MW and 793 MW allocated to the two States respectively. "Coal for the plant is sourced from Talcher coalfields in Odisha and transported through the East Coast Railway network," he noted.
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 >
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 >
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 >
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 >
New Delhi [India], July 20 (ANI): Congress MP Renuka Chowdhury on Sunday expressed concern over the government inaction in bringing to justice the terrorists behind the April 22 Pahalgam attack, which killed 26 civilians, including a Nepali citizen. As the Parliament Monsoon session begins, Chowdhury stated that the INDIA bloc will raise this issue, demanding answers from the government. Speaking to ANI, Chowdhury said, The Parliament session is starting, so we have reached Delhi. We have not been able to see those who killed our countrymen in the terrorist attack in Pahalgam arrested yet. T ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...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 >
Union Minister Piyush Goyal pledged to recommend a GST reduction on handicrafts and handlooms in Jammu and Kashmir. He addressed the FTII Traders Conclave 2025 in Srinagar. Goyal also announced a Centre of Excellence for Packaging and Design. Discussions included setting up a Centre of Excellence for storage technology. He assured support for startups and new talent. Union Commerce and Industry Minister Piyush Goyal on Sunday promised to recommend a reduction in the Goods and Services Tax impose ...Read More >
Bhubaneswar, Jul 17 (PTI) Normal life came to a standstill in Odisha on Thursday as opposition Congress and seven other political parties enforced a 12-hour bandh over the death of a college student who set herself on fire after being denied justice in an alleged sexual harassment incident. Though over six hours had passed since the strike began, there were no reports of violence or untoward incidents from any part of the state, a senior home department official said, adding that the bandh has mostly affected transport and business sectors. The bandh, however, affected coal and mineral trans ...Read More >
New Delhi, Jul 20 (PTI) NIRL, the renewable energy arm of state-owned NLC India, is expected to go public in the second quarter of the next financial year to raise around Rs 4,000 crore to part fund its expansion plans, a top official of the company said. In an interview to PTI, Chairman and Managing Director (CMD) of NLC India Ltd (NLCIL) Prasanna Kumar Motupalli said that the public sector enterprise is targeting to ramp up its renewable energy capacity from the current 1.4 GW to 10 GW by 2030 and the company plans to raise Rs 4,000 crore through initial public offering (IPO) route. Also R ...Read More >
New Delhi [India], July 20 (ANI): The exemption of Flue Gas Desulphurization (FGD) systems for some coal-based power plants is a positive for thermal power producers, according to a report by CareEdge Ratings. The Ministry of Environment, Forest and Climate Change (MoEF), vide its notification dated July 11, 2025, has issued significant amendments to the Flue Gas Desulphurisation (FGD) norms, particularly concerning the sulphur dioxide emission standards for coal and lignite-based thermal power plants. FGD is a system that removes sulphur dioxide (SO₂) from the smoke released by coal-fired p ...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 >
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 >
New Delhi: Power minister Manohar Lal on Wednesday said establishing an energy storage system is essential to meet clean energy targets to stabilise the grid, optimise power generation and ensure round-the-clock electricity supply. Over the last three-four years, the cost of energy storage has significantly dropped, Lal said at the India Energy Storage Week conference here on Wednesday. "What was once ₹10 lakh/MW has now fallen to ₹2.5 lakh/MW per month, a reduction to one-fourth of the original cost," he said. As industries like steel and cement shift towards green hydrogen, India is pushi ...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 >
Markets opened on a cautiously optimistic note on Wednesday, with the Sensex and Nifty showing marginal gains, while investors closely monitored global economic indicators and upcoming domestic policy decisions. The Sensex opened higher at 81,036.22 from its previous close of 80,845.75 and is currently trading at 81,168.92 as of 9.45 am, up by 323.17 points or 0.40 per cent. Similarly, the Nifty opened at 24,488.75 compared to its previous close of 24,457.15 and is now at 24,558.20, rising by 101 ...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 >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
New Delhi [India], July 19 (ANI): The Chief Minister of Uttar Pradesh, Yogi Adityanath, met Prime Minister Narendra Modi and Union Home Minister Amit Shah in New Delhi on Saturday. The Prime Minister Office (PMO) handle posted on X, Chief Minister of Uttar Pradesh, Shri @myogiadityanath, met Prime Minister @narendramodi. Sharing an X post about the meeting, CM Yogi wrote, I had the honour of meeting the world most popular leader, the respected Prime Minister Shri @narendramodi ji, in New Delhi today and received his warm guidance. Heartfelt gratitude to Prime Minister ji for granting me his ...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 >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan base camp in Pahalgam, in south Kashmir's Anantnag, and Baltal base camp in Sonamarg area of central ...Read More >
July 14 (Reuters) - Indian renewable energy firm SAEL Industries Ltd will invest 82 billion rupees ($954.04 million) to build a 5-gigawatt (GW)-per-year integrated solar cell and module manufacturing facility in the northern state of Uttar Pradesh, the company said on Monday. Through one of the largest investments seen so far in the solar manufacturing space in India, the plant in Greater Noida will boost SAEL's total module manufacturing capacity to 8.5 GW. Construction is expected to begin th ...Read More >
Mumbai, July 15 (SocialNews.XYZ) Kolkata-based Himadri Speciality Chemical Limited on Tuesday reported a year-on-year (YoY) revenue decline of 6.84 per cent, with total revenue falling to Rs 1,118.29 crore in Q1 FY26 from Rs 1,200.41 crore in Q1 FY25. On a quarter-on-quarter (QoQ) basis too, revenue slipped by around 1.44 per cent, compared to Rs 1,134.64 crore in Q4 FY25, according to its stock exchange filing. Additionally, Anurag Choudhary-led company's total income followed suit and declined by approximately 5.61 per cent YoY to Rs 1,144.97 crore, compared to Rs 1,213.05 crore in a year- ...Read More >
Odisha: Opposition enforces 12-hour bandh over death of college student Though there were no reports of violence or untoward incidents from any part of the state, the bandh has mostly affected transport and business sectors, a senior home department official said. The bandh affected coal and mineral transportation from mines Normal life came to a standstill in Odisha on Thursday as Opposition Congress and seven other political parties enforced a 12-hour bandh over the death of a college student who set herself on fire after being denied justice in an alleged sexual harassment incident. Thou ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adjournment motion in the Legislative Assembly. He cited official data showing that between January and ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from the Mumbai police and the Brihanmumbai Municipal Corporation's local ward machinery, an official from ...Read More >
Dispur (Assam) [India], August 14 (ANI): The Assam Cabinet, led by Chief Minister Himanta Biswa Sarma, has taken a key decision, including amending building byelaws to ensure ease of doing business. Procurement of 500 MW power, approval of 1500 MV pumped storage project and approving financial sanction of the remaining amount of Rs. 375 crores for the continuation of Ayushman Asom Yojna to provide free medical treatment to the beneficiaries were among the key decisions taken in the meeting. Also Read | New Cheque Clearing System: Banks To Clear Cheques Within Few Hours Starting October 4, An ...Read More >
New Delhi, Jun 2 (PTI) State-owned Coal India on Monday said that its production dropped by 1.4 per cent to 63.5 million tonnes (MT) last month. The company's coal output was 64.4 MT in the corresponding month of previous fiscal, Coal India Ltd (CIL) said in a filing to BSE. The coal output in the April-May period also dropped to 125.6 MT compared to 126.2 MT in the corresponding period of previous fiscal. Coal offtake, which refers to the volume of dry-fuel supplied from a coal pithead, also dropped by 7.8 per cent to 64 MT in May from 69.4 MT in the same month of previous fiscal. The fue ...Read More >