INDIA
Nalco to foray into critical minerals in India, says chairman Singh
Nalco's exports won’t be affected by US tariffs, as it mostly serves the Middle East, says BP Singh. The availability of alumina has, however, risen, creating pressure in the domestic market
INDIA
India's maritime industry a $1 trillion investment opportunity for the world: Sarbananda Sonowal
The Union minister highlighted opportunities in mega projects such as Vadhavan Port, Galathea Bay Transshipment Port and Tuna Tekra Terminal, alongside investments in green hydrogen hubs, LNG bunkering, shipbuilding, ship recycling, and maritime industrial parks.
INDIA
Govt will launch Carbon Capture, Utilisation and Storage Mission soon: Niti Aayog
CCUS technologies aim to reduce greenhouse gas emissions, helping to mitigate climate change and achieve net-zero emission goals.
BUSINESS
US remains committed to work with India, can be a major supplier of oil and gas: US Embassy official
Xiaobing Feng, Principal Commercial Officer, US Embassy in India said that during PM Modi's visit to the US, both Modi and US President Donald Trump reaffirmed their roles as leading consumer and producer in shaping the global energy markets and assured commitment for bilateral energy security partnership, including oil, gas and nuclear energy.
INDIA
Quality control norms for cookware and utensils set to kick in from October in a phased manner
DPIIT's QCOs apply to a wide range of products, including smart meters, footwear, toys, cooking utensils, fire extinguishers, safety glass, welding rods, and components for building, all to ensure safety and improve manufacturing quality.
INDIA
India expands key climate action body ahead of carbon market launch
The National Designated Authority (NDA) will help India access international climate finance and carbon markets. It is likely to also help position India better as it has proposed to host the United Nations climate summit (COP 33) in 2028.
INDIA
IREDA sets FY26 revenue target of Rs 8,200 crore
IREDA's revenue target is 22% higher than its topline of Rs 6,743 crore achieved in FY25.
INDIA
Hydro Pumped Storage Projects exempted from seeking CEA's approval in major boost for power producers
The decision is expected to boost power companies such as Tata Power, Adani Green Energy, Greenko Group, JSW Energy and Torrent Power which have announced plans on pumped storage projects.
INDIA
Gujarat, Chhattisgarh and MP promise land to NTPC to set up nuclear power plants
The plants in Gujarat, Chhattisgarh and Madhya Pradesh will be the first solo nuclear power projects taken up by NTPC’s newly incorporated subsidiary NTPC Parmanu Urja Nigam Ltd
BUSINESS
Boost domestic consumption, urge exporters to look inwards: Govt’s plan to curb tariffs’ impact
Making products cheaper through GST rate reduction, putting money in the pockets of newly employed youth and asking exporters to also cater to domestic demand are some of the measures under the government's multi-pronged strategy to counter external pressures.
INDIA
India's solar modules shine at 100 GW
Prime Minister Narendra Modi said the development is yet another milestone towards self-reliance.
BUSINESS
Lok Sabha passes bill to relax norms for mining of critical minerals
The Mines and Minerals (Development & Regulation) Amendment Bill, 2025 also proposes an exchange to facilitate trading in minerals and metals
INDIA
Tata Power to develop 700 MW wind power project in Andhra Pradesh
The wind turbines will not just be 'Made in India', but 'Made in Andhra Pradesh' too. With Tata Power's project, wind energy farms will make a comeback in Andhra Pradesh after a hiatus of 6 years.
BUSINESS
After Kandla, L&T to build 1.8 million tonne green ammonia facility at Paradip port
L&T Energy Greentech plans to invest nearly Rs 80,000 crore to build its mega green hydrogen and green ammonia plants at Kandla and Paradip ports. It will soon tap the export market, starting with the Middle East, for its Made-In-India electrolysers, CEO Derek M Shah told Moneycontrol.
INDIA
Developing countries need $584 billion annually for climate action: Indian Govt
The categorisation of climate-related outflows and financial efforts by multilateral development banks as contributions to the $300 billion goal would include contributions from developing countries, which is against the Paris Agreement, MoS Kirti Vardhan Singh told the Parliament.
INDIA
India-Oman free trade agreement to be signed soon: Govt official
The Indian government is exploring markets in West Asia and Europe for its labour-intensive products to cushion the impact of the steep tariffs imposed by the US.
BUSINESS
EAM Jaishankar sought cooperation on trans-border rivers during Beijing visit amid China’s planned Brahmaputra hydel plant
The Ministry of External Affairs said as a lower riparian state with considerable established user rights to the waters of trans-border rivers, India has consistently conveyed its concerns to China. including on the need for transparency.
BUSINESS
Trump tariffs: Trade talks on, US delegation expected on August 25, say officials
A US embassy spokesperson said on August 5 said they are looking forward to the talks for a productive and balanced trade relationship
BUSINESS
India achieves lowest ever price for green ammonia in maiden tender
The discovered price Rs 55.75 per kg translates to approximately $641 per MT, a substantial drop from the previously discovered price of Rs 100.28 per kg ($1,153 per MT) in the H2Global auction in 2024.
BUSINESS
Private entities not allowed in offshore mining of uranium and thorium, Centre clarifies
The new rules talk about mining beach sand minerals, primarily composed of monazite, ilmenite, rutile, zircon, garnet and sillimanite. Monazite is a valuable resource due to its high concentration of thorium and traces of uranium.
BUSINESS
Tata Power to recalibrate public EV charging ramp up over sluggish e-cars growth
Tata Power’s move can be an indicator of an overall decline in the pace of installation of public EV charging units in India. Last month, Karnataka government had to scrap its ambitious plan of to set up 2,500 EV charging stations across the state citing poor response from private companies.
BUSINESS
India’s power demand could see an uptick from August-end: Tata Power CEO
Praveer Sinha, CEO of Tata Power, also said the company plans to double its rooftop solar business from the current 25,000 installations per month to 50,000 by the end of FY26.
BUSINESS
India’s power transmission supply chain witnessing annual inflation of up to 20%: PowerGrid CMD
As a result, at least 50% cost of every transmission project is going on component procurement, said RK Tyagi, CMD of PowerGrid, a PSU with an effective executable order book of Rs 1.9 lakh crore.
BUSINESS
MC Newsbreak Confirmed: Govt bars data sharing for wind turbines; mandates using domestic components
Currently, wind turbine components such as blades, towers, gearboxes and generators are mostly imported from China.
