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: NLC India Limited has announced major progress in the Neyveli Uttar Pradesh Power Limited (NUPPL) thermal power project, a strategic joint venture with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL). The 3×660 MW coal-based thermal power project represents a significant addition to India's conventional power generation capacity and is poised to play a key role in ensuring reliable electricity supply to the northern region. The project has achieved key commissioning milestones: Once fully operational, the plant will supply dispatchable and dependable power to the northern grid, supporting stable energy availability during peak demand periods.
Vijayawada: Chief Minister N Chandrababu Naidu on Friday unveiled an ambitious vision to transform Visakhapatnam into a new Mumbai over the next seven years. He directed officials to develop the 'Visakha Economic Region' as AP's primary growth engine, aiming for a staggering $120 billion economy from this region by 2032. The proposed economic region encompasses eight districts, including Visakhapatnam, Vizianagaram, Srikakulam, Anakapalli, Kakinada, East Godavari, Alluri Sitharama Raju (ASR), and Manyam. The Chief Minister has instructed the officials to launch projects that will significantl ...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 >
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 >
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 >
NLC India Renewables Limited (NIRL), a subsidiary of NLC India Ltd. (NLCIL), has signed a Joint Venture agreement with PTC India Limited (formerly Power Trading Corporation) at Neyveli for establishment of a green energy venture. According to a press release, the joint venture between PTC India Limited and NLCIL, which is expanding its portfolio in renewable energy, will undertake the establishment, operation, and maintenance of renewable energy projects, including solar, wind, hydro, battery en ...Read More >
AHMEDABAD: The Gujarat government has revealed in the state Assembly that it spent Rs 45,933 crore in just two years purchasing electricity from private power producers, while also admitting that it cannot identify the sector-wise consumption of the electricity once it enters the grid. The data surfaced after Shailesh Parmar, a Congress MLA, sought detailed information on the state's electricity purchases. Responding in a written reply on Thursday, Gujarat's Energy Minister confirmed that the government bought 1,01,161 million units of electricity from private units during the last two years ...Read More >
Synopsis: NLC India JV begins coal production at Pachwara South block in Jharkhand, with 9 MTPA capacity, strengthening fuel supply for the 3×660 MW Ghatampur thermal power project. NLC India has commenced coal production at the Pachwara South Open Cast Mine in Jharkhand, marking a key operational milestone for the state-run energy company. NLC India Pachwara South coal block: NLC India Ltd (NLCIL) announced that coal production has commenced at the Pachwara South Open Cast Mine in Jharkhand on Sunday, March 29, 2026, marking a significant milestone for the company's mining operations. The ...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 >
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's industrial production grew at four per cent in August, mainly due to better performance by the mining sector, according to government data released on Monday. The Index of Industrial Production (IIP) growth rate for July has been revised upwards to 4.3 per cent from the earlier estimate of 3.5 per cent. In August 2024, the IIP recorded flat growth. "With the mining sector growth at six per cent, the All India Index of Industrial Production (IIP) recorded a four per cent year-on-year growth in August 2025," the National Statistics Office (NSO) said. The mining sector output ...Read More >
Agartala, Nov 11 (SocialNews.XYZ) In a major push to boost power generation amid a natural gas shortage, the Tripura government will introduce Combined Cycle Gas Turbine (CCGT) technology at the Rukhia Power Plant in Sepahijala district, increasing its generation capacity by 120 megawatt (MW). Power Minister Ratan Lal Nath said on Monday that the foundation stone and Bhumi Pujan for the project will be held on November 26. Nath, who also holds the Agriculture portfolio, said that despite the ongoing gas crisis, the Tripura State Electricity Corporation Limited (TSECL) has initiated measures ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) Antique Stock Broking on Tuesday initiated coverage on Adani Power Limited (APL) with a 'Buy' rating, setting a target price of Rs 187 per share. With the stock currently trading around Rs 144, the brokerage sees an upside potential of about 30 per cent, driven by strong earnings visibility, large capacity expansion plans and improving balance sheet strength. In its report, Antique said Adani Power is entering a multi-year earnings upcycle, supported by a sharp increase in capacity and rising power demand in India. The company plans to expand its installed ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...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 >
Meerut: Solid waste management is a huge challenge confronting human settlements but Mohiuddinpur village in Meerut has found a solution to this problem. The panchayat here has set an example for others to emulate by not only disposing off the waste to generate power but also earning revenue in the process. The village is earning an annual revenue of Rs 10 lakh which is an example in resource generation. The village has around 1200 residences that also house some tenants. The population here is around 12,000. The interesting aspect is the blueprint prepared by the panchayat that ensures effec ...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, 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 >
Hyderabad: In a major restructuring of Telangana's power distribution system, the state govt has shifted nearly 29 lakh electricity connections, including agriculture, lift irrigation schemes, Hyderabad water supply and Mission Bhagiratha services, to a newly-created third power distribution company.Orders formalising the third discom were issued by the energy department on Wednesday. The new entity will handle specific service-oriented connections, in addition to the existing southern (TGSPDCL) and northern (TGNPDCL) power distribution companies. Along with consumers, the govt transferred ass ...Read More >
Bengaluru : The National Stock Exchange of India (NSE) is pleased to announce the successful launch of the Monthly Electricity Futures (ELECMBL) contracts today, marking a significant step forward in the development of India's electricity derivatives market. As of 02:00 PM, the contracts recorded more than 4,000 lots, representing more than 200 million units of electricity. The total turnover of trade has crossed 87.36 crore, with the volume-weighted average price recorded at ₹4,368/MWh. The first trade opened at ₹4,430/MWh, and as of the reporting time, the price is trending around ₹4,364/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 >
The effective closure from the Iran war of the Strait of Hormuz -- the critical chokepoint for roughly 20% of the world's oil and liquefied natural gas -- is in its fifth week with no clear signs of resolving. For Asia, which buys more than 80% of the crude and LNG that flows through the narrow waterway, the consequences have been swift: severe fuel shortages, export bans, and government budgets stretched to the breaking point. The crisis is forcing Asia to look both backward and forward simulta ...Read More >
Synopsis: NLC India JV begins coal production at Pachwara South block in Jharkhand, with 9 MTPA capacity, strengthening fuel supply for the 3×660 MW Ghatampur thermal power project. NLC India has commenced coal production at the Pachwara South Open Cast Mine in Jharkhand, marking a key operational milestone for the state-run energy company. NLC India Pachwara South coal block: NLC India Ltd (NLCIL) announced that coal production has commenced at the Pachwara South Open Cast Mine in Jharkhand o ...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 >
Mumbai (Maharashtra) [India], July 14 (ANI): The National Stock Exchange of India (NSE) on Monday announced the successful launch of its Monthly Electricity Futures (ELECMBL) contracts, marking a significant step forward in the development of India's electricity derivatives market. Electricity Futures are standardised financial contracts that allow buyers and sellers to lock in the price of electricity for future delivery at a specified time and quantity. Also Read | Shubhanshu Shukla With Axiom-4 Mission Crew Begins Return Journey to Earth After 18 Days at ISS, Will Splash Down off the Coas ...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], October 28 (ANI): Union Minister Pralhad Joshi said on Tuesday that representatives of more than 120 countries took part in the opening plenary of the Eighth Session of the International Solar Alliance Assembly (ISA) in New Delhi. "President Droupadi Murmu successfully inaugurated the Eighth Session of the International Solar Alliance Assembly, and I'm very happy to share with you that more than 120 countries have participated in this, and their representatives are physically present here," Joshi told reporters. The minister said that ISA member countries account for 40 pe ...Read More >
New Delhi: India's industrial production growth rose 5.2% year-on-year in February from 5.1% in January, supported by a favourable base and healthy manufacturing output, official data released Monday showed. The Index of Industrial Production (IIP) had expanded 2.7% in February 2025. Economists expect growth to moderate in March amid the impact of the Gulf conflict, with ICRA estimating expansion at 3-4% and India Ratings and Research (Ind-Ra) projecting 3.9%. "The growth will decelerate in March, amid the unfolding adverse impact of the West Asia crisis on some manufacturing segments, both ...Read More >
Chennai: If you're living in parts of Chennai, be prepared for a power cut today. The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has announced that several areas across the city will face electricity shutdowns on Monday, June 30, due to planned maintenance work. The power will be suspended from 9:00 am to 2:00 pm, affecting both residential and commercial areas. More than 40 locations are expected to experience the outage. Areas Affected by Today's Power Cut Besant Nagar 4th Main Road, 32 to 35 Cross Street, 3rd Avenue, 5th Avenue, Alcott Kuppam, Customs Colony 1st Street ...Read More >