BUSINESS
Govt’s SEZ overhaul may offer relief to gems and jewellery sector facing tariff pressures
Proposed norms to ease sales into the Domestic Tariff Area (DTA), permit reverse job work and streamline Special Economic Zone (SEZ) operations aim to cushion jewellery units hit by a sharp fall in US-bound exports.
BUSINESS
What the Cabinet’s critical minerals royalty decision means
Lower royalty rates may attract bidders for critical mineral blocks, but without domestic refining capacity, India’s clean-energy and electronics supply chains will remain import-dependent, say industry experts.
BUSINESS
Centre to temporarily slow down renewable energy tenders, cancel unviable projects as generation outpaces absorption capacity
Ministry of New and Renewable Energy (MNRE) will cut the pace of renewable energy auctions in FY26-27 amid surplus supply and connectivity hurdles. However, India is still on track to achieve its 500 GW non-fossil fuel-based power generation target by 2030, MNRE Secretary Santosh Kumar Sarangi told Moneycontrol.
BUSINESS
Tata Power targets data centres as new growth engine; aims 100% clean energy supply by 2030: CEO Praveer Sinha
Tata Power has 5.4 GW of projects in pipeline and we will be able to complete all this in the next two years. So, any new bid that we win will come only in the third year. This is in fact the current scenario for the entire renewable energy sector in India, which is why the government is reassessing its scale of tendering such projects, Sinha said.
BUSINESS
Tata Power to set up 10GW solar ingot and wafer plant in India
Tata Power reported a marginal decline in its consolidated net profit for the second quarter of FY26, coming in at Rs 919.4 crore, down 0.7 percent year-on-year from Rs 926.5 crore. CEO Praveer Sinha attributed this to heavy monsoon across India which dampened electricity demand.
BUSINESS
India's Green Hydrogen Mission target to be delayed by two years: MNRE Secretary
Global policy uncertainty has dampened export-linked offtake under India’s National Green Hydrogen Mission (NGHM), slowing final investment decisions and pushing back timelines for large-scale green hydrogen and ammonia projects.
BUSINESS
IOCL, BPCL, HPCL and other Indian refineries to produce 2 lakh tonnes of green hydrogen by 2030
Indian refineries are among the country’s largest consumers of grey hydrogen, which is produced from natural gas or naphtha through steam methane reforming, a process that emits significant amounts of carbon dioxide.
BUSINESS
Lohum to build India's first integrated rare earth magnet production facility in Uttar Pradesh
Lohum is eyeing a $200 million fundraise and IPO by 2027 as it builds India’s first rare-earth refining hub.
BUSINESS
Power sector set for major security upgrade as Centre plans new framework against cyber threats
The draft rules states that any organization that owns, operates, manages, or interfaces with power infrastructure connected to the electricity grid will have to prepare a board-approved cyber security policy, designate a Chief Information Security Officer (CISO), and align to standards by the Power Ministry.
INDIA
Bihar Election 2025: Will infrastructure push in the state overcome its execution and quality challenges?
In the last two decades, especially the last five years, Bihar has witnessed an acceleration in infrastructure development, with several big-ticket projects reshaping the state’s connectivity landscape. However, execution bottlenecks and poor-quality control will remain the biggest challenge in the state, according to experts.
BUSINESS
India's nuclear ambitions set to bring a jobs boom, courses and training programmes planned after PMO intervention
The PMO has taken stock of the talent shortage for India to realise its nuclear ambitions of 100 GW by 2047 and the government is likely to introduce new undergraduate and postgraduate programmes in nuclear technology and engineering at central and state universities, IITs, and NITs.
BUSINESS
Electricity (Amendment) Bill, 2025: India’s attempt at third generation power reforms
The move is likely to see opposition from some states as they fear it would reduce their control over the power sector. The Ministry of Power, however, stated that government discoms will continue to operate alongside private licensees in a regulated, level-playing environment.
BUSINESS
Centre plans next-gen power reforms for debt and loss-ridden discoms
The proposed restructuring scheme for state-owned discoms can be seen as a preparatory platform for the Indian government’s larger goal to implement the draft Electricity Amendment Bill, 2025 which seeks to introduce competition in the power distribution sector by ending the monopoly of state-owned discoms.
BUSINESS
In a first, 21 mines with underground coal gasification potential up for grabs
Coal minister G. Kishan Reddy said the environment ministry has now exempted pilot underground coal gasification projects from environmental clearance, ensuring faster implementation
BUSINESS
EU team to visit India next week for trade talks, says Piyush Goyal
Commerce and Industry Minister Piyush Goyal said that more than 50 percent of the chapters of the free trade agreement (FTA) between India and the European Union (EU) were agreed upon by both sides. Besides, Goyal and his team will head to Queenstown for the fourth round of India-New Zealand trade talks.
BUSINESS
ISA launches global initiative to secure critical minerals from solar and battery waste
Addressing the 8th session of the International Solar Alliance (ISA), President Droupadi Murmu said by 2050, India aims not only to meet its clean energy targets but also to become a hub that aggregates global solar demand and drives innovation, manufacturing and knowledge exchange.
BUSINESS
India eyes 208 hydel projects on Brahmaputra basin against China’s 60 GW mega dam
India has drawn a plan to build hydro projects totaling 65,000 MW across its Brahmaputra basin against China’s 60,000 MW plant, construction of which began in July this year.
BUSINESS
No government directive on Russian oil; refiners weigh costs, alternatives independently, sources say
For state-run refiners, the new sanctions are likely to have a limited impact since they do not have long-term supply contracts with the Russian firms targeted by the latest curbs.
BUSINESS
Trade between India and Norway could more than double in coming decade: Norwegian Ambassador
Ambassador May-Elin Stener told Moneycontrol that the India-EFTA trade deal has made frozen Norwegian salmon cheaper for Indians due to zero tariffs from October 1. She added that some of the biggest Norwegian companies are set to substantially increase their investments and trade with India.
BUSINESS
State-run IREL to help private firms manufacture rare earth magnets amid China squeeze
IREL Ltd is also likely to participate in government’s incentive scheme for processing and production of rare earth permanent magnets
BUSINESS
FTA delayed, India to expand preferential trade agreement with Brazil-led Mercosur: Govt officials
Currently, the preferential trade agreement (PTA) with the Mercosur trade bloc covers about 450 tariff lines. Talks are on to expand the PTA further to cover more items across agriculture, industrial goods, pharmaceuticals, and textiles, government officials told Moneycontrol.
BUSINESS
IMF raising India's growth forecast is proof of country's economic resilience: Piyush Goyal
Goyal reiterated India’s strategic approach of integrating with global economies while ensuring that domestic industries remain competitive.
BUSINESS
Focus on quality or be ready to be blacklisted, Ashwini Vaishnaw tells railway manufacturers
We have to significantly improve quality - whether it is signalling or earthing or track equipment, or components that go into manufacturing of locomotives and coaches. We should be procuring the best in the world, the railway minister said.
BUSINESS
On fast track: Vaishnaw announces Vande Bharat 4.0, high-speed passenger corridors
Kavach 5.0 will be developed over the next five years. It will be designed for speeds of up to 280 kmph and used on dedicated passenger corridors, the rail minister has said
