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: 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 the highest-ever annual increase, compared to 29.5 GW added in 2024-25. Moreover, he highlighted that India's total non-fossil fuel-based installed capacity reached 283.46 GW as of March 31, 2026, including 274.68 GW from renewable sources and 8.78 GW from nuclear energy. Joshi also highlighted that renewable energy met a record 51.5 per cent of India's electricity demand in July 2025, the highest-ever share, reflecting the growing contribution of clean energy to the country's power mix. India's total power generation stood at 1,845.9 billion units (BU) in 2025-26, of which 538.97 BU or 29.2 per cent, came from non-fossil fuel sources. The country achieved the milestone of 50 per cent cumulative installed electricity capacity from non-fossil sources in June 2025, five years ahead of its 2030 target under the Paris Agreement, the minister said. In addition, solar energy has seen the sharpest growth, with installed capacity increasing more than 50-fold from 2.82 GW in 2014 to 150.26 GW in March 2026, while wind energy capacity rose to 56.09 GW from 21.04 GW during the same period. During 2025-26, solar capacity addition touched a record 44.61 GW, driven by both utility-scale and distributed installations, including rooftop solar and PM KUSUM projects. Wind energy also recorded its highest-ever annual addition of 6.05 GW. The minister said India is working towards achieving 500 GW of installed electricity capacity from non-fossil fuel sources by 2030, in line with the Prime Minister's announcement at COP26.
Ahmedabad (Gujarat) [India], December 2 (ANI): Ambuja Cements has taken a step toward achieving its Net Zero goals. The company has partnered with Finland-based technology leader Coolbrook to implement its proprietary RotoDynamic Heater (RDH) technology. According to the exchange filing, this cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company's dependence on fossil fuels and lower its carbon emissions, aligning with its sustainability vision. Ambuja Cements will significantly reduce its fossil fuel dependence by harnessing renewa ...Read More >
Belgavi (Karnataka) [India], December 26 (ANI): Congress leader Supriya Shrinate on Thursday lashed out Union Minister and Bharatiya Janata Party (BJP) leader Pralhad Joshi's statement on the CWC meeting and said that people like Joshi did not understand the ethos of Mahatma Gandhi or Congress. "People like Pralhad Joshi don't understand the ethos of Mahatma Gandhi, they don't understand the ethos of Congress. They don't understand that Congress was born out of freedom struggle, we fought for India's independence, we are the architects of modern India...we have had Presidents like Mahatma Gan ...Read More >
IREDA plans to raise Rs 5,000 crore through a QIP, setting the floor price at Rs 173.83 per share. The initiative supports growing green energy financing demands. The board and shareholders had earlier approved the move, with possible discounts and non-dilution commitments outlined. State-run Indian Renewable Energy Development Agency Ltd (IREDA) has established the floor price for its qualified institutional placement (QIP) at Rs 173.83 per equity share, aiming to raise approximately Rs 5,000 c ...Read More >
India's foreign direct investment (FDI) reached $81.04 billion in FY 2024-25, marking a 14% growth over the previous year, as investors lauded the country's liberalized policy regime and proactive economic reforms at an Investor Roundtable held in New Delhi. The event, hosted on June 5 at Vanijya Bhawan, brought together over 90 representatives from industrial parks, multinational firms, and business associations, with more than 50 industrial parks from states including Rajasthan, Maharashtra, Delhi, Gujarat, Uttar Pradesh, Karnataka, and Tamil Nadu participating in discussions. Union Minist ...Read More >
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 >
New Delhi [India], June 7 (ANI): The Central government has raised financial limits under the General Financial Rules (GFRs) for procurement of scientific equipment and consumables. The simplification of GFRs will reduce delays and enhance autonomy and flexibility for the research organisations. Under the new rules, the Finance Ministry said that Vice Chancelors, Dierectors and academic institutions under specified departments and ministries will be able to make non-Government e-Marketplace (GeM) procurement of scientific equipment and consumables. As per the notification of the Finance Min ...Read More >
Speaking at IIT Bombay's Techfest 2024, Mr Adani, the 27-year old younger son of infrastructure magnate Gautam Adani, said the future of technology is both scary and exciting. India cannot stay out of global technological race, said Jeet Adani. Mumbai: India cannot stay out of global technological race and should build capabilities that will keep it at the top while remaining vigilant against its misuse, said Jeet Adani, Director, Adani Airport Holdings Ltd. Speaking at IIT Bombay's Techfest ...Read More >
New Delhi [India], June 7 (ANI): The Central government has raised financial limits under the General Financial Rules (GFRs) for procurement of scientific equipment and consumables. The simplification of GFRs will reduce delays and enhance autonomy and flexibility for the research organisations. Also Read | PM Narendra Modi To Visit Odisha on June 20 To Attend BJP Govt's First Anniversary Function, Says State Minister Suresh Pujari. Under the new rules, the Finance Ministry said that Vice Chancelors, Dierectors and academic institutions under specified departments and ministries will be abl ...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: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...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 >
Srinagar: Before towering cranes and cutting-edge engineering transformed the Himalayan landscape, the monumental dream of connecting "Kashmir to Kanyakumari" by rail began with the plodding footsteps of humble mules. This extraordinary backstory underpins the official realization of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), inaugurated by Prime Minister Narendra Modi on June 6, 2025, a project crowned by the awe-inspiring Chenab Bridge. According to Afcons Infrastructure Limited, the company behind the Chenab Bridge, the earliest and most formidable hurdle wasn't just the design of ...Read More >
NEW DELHI: Prime Minister Narendra Modi's home state, Gujarat, has achieved remarkable success in implementing the PM Surya Ghar Muft Bijli Yojana, a flagship initiative aimed at promoting rooftop solar installations for residential users. Informing the Rajya Sabha on Tuesday, Union Minister for New and Renewable Energy and Power, Shripad Naik, stated that Gujarat has recorded the highest number of solar rooftop installations, followed by Maharashtra and Uttar Pradesh. The minister further revealed that a total of 1.45 crore registrations have been recorded across the country under the PM Su ...Read More >
Bihar's infrastructure has seen a 15-fold increase in data consumption over the past five years. Road density is now the third highest in India, electricity generation has increased tenfold, and IT parks and data centers are being developed. Numerous bridges and expanded rail lines are improving connectivity and boosting trade.Bihar has seen a 15-fold jump in data consumption in the last five years as the state goes big on developing infrastructure, investing in connectivity and building rail and ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
Mumbai, Dec 11 (PTI) Murugappa Group-run TCI Clean Mobility subsidiary TIVOLT Electric Vehicles on Wednesday said it has signed a pact with EV charging solutions provider Tata Power Renewable Energy Limited (TPREL) to build a charging ecosystem for its electric commercial vehicles. Under the collaboration, Tata Power Renewable Energy will bring its extensive experience in setting up and managing an expansive EV charging infrastructure at strategic locations across the country to TIVOLT dealerships, customer locations, and high-traffic public spaces, the company said in a statement. "This str ...Read More >
Sample of Earth Minerals. (Representative) Quick Read Summary is AI generated, newsroom reviewed. India is negotiating with companies to create long-term rare earth magnet stockpiles. The initiative aims to reduce dependence on China, which controls 90% of magnet processing globally. The government is considering fiscal incentives to boost domestic production of rare earth magnets. New Delhi: India is holding talks with companies to establish long-term stockpiles of rare earth magnets by offering fiscal incentives for domestic production, people familiar with the matter said. Building ...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, Feb 7 (VOICE) In a testament to the nation's commitment to a cleaner, greener future, India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy, the government said on Friday.As of January 31, India's total solar capacity installed stands at 100.33 GW, with 84.10 GW under implementation and an additional 47.49 GW under tendering. This remarkable achievement marks a significant step toward realising the ambitious target of 500 GW of non-fossil fuel-based energy capacity by 2030 set ...Read More >
New Delhi [India], June 5 (ANI): On the occasion of World Environment Day, a website, "Discover Green Hydrogen," was launched by L&T GreenTech. The website focuses on the global clean energy revolution, providing insights, expert analysis, and real-time updates on the rapidly evolving Green Hydrogen industry. Powered by L&T GreenTech, a key division of L&T Energy's Green & Clean Energy Business, the newly launched website reflects L&T's unwavering commitment to sustainability. Also Read | Delhi: High-Level US Team Arrives for Talks on Bilateral Trade Pact With India. This website is designe ...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 >
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 >
Dec 3 (Reuters) - India's top renewable energy agency said on Tuesday it withdrew its ban prohibiting Reliance Power (RPOL.NS), opens new tab from participating in tenders for clean energy projects after a court directive. Last month, the Solar Energy Corporation of India (SECI) had barred Reliance Power from bidding for its tenders for three years and was weighing criminal proceedings against the company after a bank guarantee turned out to be a fake endorsement. The High Court of Delhi had granted a stay last week on the notice of debarment after the Anil Ambani-owned company challenged th ...Read More >
Chandigarh, Dec 11 (PTI) Farmer leader from Punjab Jagjit Singh Dallewal's fast unto death at the Khanauri border point to press the Centre to accept farmers' demands, including a legal guarantee on the MSP for crops, entered the 16th day on Wednesday. Farmers on Wednesday held prayers for the success of their agitation going on at the Shambhu and Khanauri border points between Punjab and Haryana in support of their various demands and for the good health of Dallewal. Farmers under the banner of Samyukta Kisan Morcha (Non-Political) and Kisan Mazdoor Morcha (KMM) have been camping at Shambhu ...Read More >
Mumbai: Chief minister Devendra Fadnavis said on Thursday that he held discussions on cabinet expansion with union home minister Amit Shah, party national president J P Nadda, and the party national general secretary B L Santhosh on Wednesday night. Fadnavis was on a two-day visit to Delhi days after being sworn in as chief minister. He met President Draupudi Murmu, PM Narendra Modi, defence minister Rajnath Singh and union road transport minister Nitin Gadkari. He also presented five different ...Read More >
PNN New Delhi [India], December 12: In the 21st century, the world is going green in phases, and therefore using renewable sources of energy isn't going to harm the environment, but it's going to benefit your pocket. On average, the IEA has anticipated an increase of renewable energy sources' capacity by 75% from 2022 to 2027, spearheaded by solar and wind energy. Renewable energy investment is already at more than $50 billion annually in the United States. It is projected to climb even higher as federal incentives such as the Inflation Reduction Act push this sector forward. To the industr ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): Questioning the 'silence' of the top leadership of the Congress party over the Bengaluru stampede incident, Union Minister Shobha Karandlaje on Saturday said that no remarks had been made by them as they consider Karnataka as their 'ATM'. 'I want to ask the Congress high command why they are silent. Rahul Gandhi, KC Venugopal and others used to come here often. Where are they now? They are silent because Karnataka is their ATM. They should demand the resignation of the CM and the Deputy CM,' Karandlaje said in a press conference. She further deman ...Read More >
Chandigarh (Haryana) [India], December 12 (ANI): Haryana Chief Secretary Vivek Joshi on Thursday presided over a state-level coordination committee meeting to review the 'PM Surya Ghar: Muft Bijli Yojana.' According to an official release, it was informed during the meeting that 9,609 rooftop solar systems with a combined capacity of 45.90 MW have been installed across the state so far. The government has disbursed Rs 52.54 crore in subsidies to beneficiaries to further encourage solar adoption. Moving forward, the state plans to equip government buildings with solar power plants, with the Pu ...Read More >