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.
Mumbai: Tata Power has resumed operations at its 4,150 MW Mundra thermal power plant after a shutdown of nearly nine months, the company said in a regulatory filing on Wednesday. The Mundra facility, operated by its subsidiary Coastal Gujarat Power Ltd, had halted operations on July 2, 2025, leading to sustained financial losses during the period of closure. The plant, located in Kutch, Gujarat, is one of India's largest coal-based power projects, comprising five units of 800 MW each and supply
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, July 1 (SocialNews.XYZ) Reaffirming the Adani Power Ltd assets as a reliable and cost-competitive power source for meeting the country's growing energy needs, Bangladesh has made its single largest payment of $437 million last month, clearing all pending dues to the company. The neighbouring country has now requested Adani Power, part of the diversified Adani Group, to supply power from both units as per BPDB (Bangladesh Power Development Board) schedule, since the dues are now settled, according to sources on Tuesday. The payment includes carrying costs, and issues related to the ...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 >
Mumbai, July 4: Tata Power Chairman N Chandrasekaran, addressing the company's 106th Annual General Meeting (AGM) on July 4, emphasized the company's strategic growth, operational excellence, and unwavering commitment to clean energy, even as he acknowledged recent challenges. Opening the address with a solemn note, Chandrasekaran said, "We honour those who lost their lives in the recent Air India flight tragedy AI-171. Across the Tata Group, our thoughts are with the affected families and loved ones." He also paid homage to the late Ratan Tata, saying, "We bid farewell to Mr. Ratan Tata las ...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 8 (PTI) BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd -- the two subsidiaries of Reliance Infrastructure, will recover power dues worth Rs 28,483 crore following a Supreme Court ruling. As on July 31, 2025, the total dues of BSES Yamuna Power Ltd and BSES Rajdhani Power amounts to Rs 28,483 crore, according to Reliance Infrastructure. The two power distribution companies (discoms), in which Reliance Infrastructure (RInfra) holds 51 per cent, supply electricity to 5.3 million households in Delhi. The remaining 49 per cent stake is with the Delhi government. In a regulatory ...Read More >
New Delhi, Sep 16 (PTI) Suzlon Group on Tuesday said it has secured an 838 MW order from Tata Power Renewable Energy, the largest order of this fiscal year, as part of its firm and dispatchable renewable energy project. This is also Suzlon's second-largest order ever, following the 1,544 MW order from NTPC Green Energy, and demonstrates the growing role of FDRE projects in accelerating India's energy transition, a company statement said. The 838 MW project will comprise 266 of Suzlon's S144 wind turbines, each with a rated capacity of 3.15 MW, strategically located across Karnataka (302 MW), ...Read More >
Mumbai: After a nine-month shutdown, Tata Power on Wednesday resumed operations at its Mundra power plant in Gujarat, which had been idled due to financial strain caused by a surge in imported Indonesian coal prices and the expiry of government subsidies under Section 11 on June 30, 2025. The 4,150 MW facility, India's third-largest, was awarded to the company in December 2006.The restart follows the signing of a supplementary power purchase agreement with the Gujarat government, designed to restore the plant's economic viability by allowing fuel cost pass-throughs instead of the fixed-price s ...Read More >
Gujarat Urja Vikas Nigam (GUVNL) has issued a request for selection for procuring power from 500 MW solar projects on a build, own, operate basis. The tender includes a greenshoe option for an additional capacity of up to 500 MW, increasing the potential total to 1,000 MW. Bids must be submitted by June 13, 2025. Bids will be opened on June 18. Bidders must furnish an earnest money deposit of ₹928,000 (~$10,895)/MW, a tender document fee of ₹25,000 (~$293.50) plus 18% GST, and a tender processing fee of ₹300,000 (~$3,522) plus 18% GST. Successful bidders must submit a performance bank guara ...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 >
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, 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 >
Tata Power is transitioning from a pure-play solar and wind company to become a force in the hybrid renewable energy market and is also ready to take part in nuclear power development in future, Chairman N Chandrasekaran said on Friday. He was addressing shareholders at the company's 106th Annual General Meeting (AGM). Sharing the future plans of the company, Chandrasekaran said, "The company is transitioning from being a pure-play solar and wind company to being a force in the hybrid renewable ...Read More >
Hyderabad: The Telangana Power Generation Corporation Limited (Genco), has sought approval from the government to go ahead with the setting up of a 1x800 MW coal-based super critical thermal power plant at Ramagundam. The proposed plant will replace the aged 1x62.5 MW Ramagundam B Thermal Power Station, which the TGGenco is awaiting government permission to decommission. The proposed 800 MW plant will come up in its place. Genco in its request to the energy department, also laid out the need for setting up the thermal power station, a proposal first mooted in September last year. Genco said ...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 >
New Delhi: Ceigall India is stepping deeper into renewable energy with a sizeable solar project in Madhya Pradesh. Ceigall Green Energy MP Limited has completed the execution of 15 power purchase agreements with Madhya Pradesh Power Management Company Limited. As detailed on page 1, the agreements cover a total awarded capacity of 130 MW under the Surya Mitra Krishi Feeder Yojana. This marks a significant milestone in the company's expansion into the renewable energy sector. The agreements outl ...Read More >
Lucknow, Dec 15 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Monday met Tata Sons Chairman N Chandrasekaran to review the progress of Tata Group's existing projects in the state, and discussed their expansion and new investment proposals. According to an official statement, the meeting saw wide-ranging deliberations on long-term cooperation in sectors such as artificial intelligence (AI), information technology, electronics, defence manufacturing, energy, renewable energy, electric vehicles (EVs), tourism, skill development and the digital economy. During the interaction, Chandrasek ...Read More >
Mumbai, July 3, 2025: Tata Power Renewable Energy Limited (TPREL), one of India's largest renewable energy companies and a part of The Tata Power Company Limited, has commissioned 752 MW of solar projects in the first quarter of FY26. This marks a record addition, rising 112% from 354 MW in the first quarter of FY25. TPREL's EPC project installations showcase effective execution, careful project management, and a strong focus on quality and safety. Using modern engineering practices, TPREL has continually delivered projects, even in tough conditions. The strong supply chain, flexible executio ...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 >
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, 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 >
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 >
Kerala Lottery Result SAMRUDHI SM 12 Results Live: The first winner of today's lottery game- SAMRUDHI SM 12 lottery- takes home Rs 1 crore as a cash prize. The Kerala lottery is one of the most trusted games in the country. Kerala Lottery Result Sunday 20-07-2025: The Kerala lottery is back with another fun game- that may lead you to win Rs 1 crore! The results for today's Kerala lottery games- SAMRUDHI SM 12 Sunday- are announced. The Kerala lottery results are announced here, so people with tickets for today's game can stay in touch with this live blog. Samrudhi Lottery Series: MN, MO, MP, ...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 >
Jaipur: Union minister for new and renewable energy, Pralhad Joshi, Saturday inaugurated the 435-MW Gorbea Solar Power Project, developed by Zelestra India, in Rajasthan. He said, "With every megawatt we generate, we are not just producing power, we are building a New India." The Gorbea Solar Power Project, delivered in under eight months, spans 1,250 acres and is backed by a 25-year power purchase agreement with Solar Energy Corporation of India. Joshi noted that almost 70% of Rajasthan's power ...Read More >
New Delhi: Prime Minister Narendra Modi on Wednesday chaired the second special meeting of the Cabinet Committee on Security (CCS) to review measures being taken by various ministries and departments in view of the ongoing conflict in West Asia. The high-level meeting, held at 7 Lok Kalyan Marg, focused on ensuring uninterrupted supply of essential commodities, fuel, fertilisers and electricity, while also discussing steps to minimise the impact of the crisis on citizens and key sectors of the economy. According to officials, the Cabinet Secretary briefed the CCS on measures taken to ensure ...Read More >
Adani commits Rs 33,081 crore to Odisha projects. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Adani Group commits Rs 33,081 crore for three major projects in Odisha * Projects include data center, thermal power plant, and cement plant near Cuttack * Data center in Bhubaneswar to support AI, cloud computing, and digital governance Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: The Adani Group pledged three large-scale infrastructure projects in Odis ...Read More >
BHOPAL, 27 Jun: A memorandum of understanding (MoU) was inked between the MP Power Management Company and the NHPC on Friday in Bhopal for the purchase of 252 MW power allotted by the union Ministry of Power, an official said. On the basis of the contract, Madhya Pradesh will get 252 MW power from the NHPC's multipurpose hydropower project located in Lower Dibang Valley district of Arunachal Pradesh, an official said. The power purchase agreement (PPA) was signed by Chief General Manager of MP Power Management Company Rakesh Thukral and NHPC General Manager Omkar Yadav in the presence of Mad ...Read More >