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.
BUSINESS
Trump tariffs: India’s $10-billion textile, apparel exports staring at margin hit as competition hardens
The US is the largest market for India's textile and apparel industry. India, which is the fourth biggest ready-made garment importer to the US, faces stiff competition from China, Vietnam and Bangladesh
BUSINESS
Trump announces 25% tariffs: India's $10 billion gems and jewellery exports to US set for sharp decline
Gems and jewellery are India's third-largest export to the United States, after engineering and electronic goods, and the industry employs millions in the South Asian country.
BUSINESS
India-UK trade deal opens doors for export of Indian nuclear reactors
The zero duty on Indian nuclear reactors will make BSRs or Bharat Small Reactors at least 50% cheaper than the ones sold by South Korea, considered the cheapest globally after Russia. India will also have a major price advantage over expensive reactors sold by western countries like the US and France.
BUSINESS
Market coupling possible only by Dec 2027, says JM Financial
Theoretically, it can be deduced that the market share of Indian Energy Exchange (IEX) will decline to 33.33% in due course of time with the implementation of market coupling, JM Financial said in a press note issued on July 30
BUSINESS
NTPC, NHPC, SJVN ordered to mandate India-made solar cells in renewable power bids
Centre is hopeful that the mandate will boost demand for Indian solar cells and hence, reduce the wide gap between solar module and cells manufacturing capacities. Tata Power, Adani Green Energy and Waaree Energies are the leading solar cell producers in India.
BUSINESS
Environment Ministry cites pending approvals, lack of candidates, refusal to join for over 50% vacancy at pollution control boards
The Union government said it has sent reminder letters to all states about the Supreme Court's May 8, 2025 directive of filling all vacant positions in State Pollution Control Boards and Committees by end of September, 2025.
BUSINESS
Next round of India-US trade deal talks to be held in New Delhi in second half of August: Govt officials
CIM Goyal said the India-UK CETA is a gold standard of trade deals done by India, however, he added that no two trade deals can be the same, implying that the India-US deal is "fast progressing" but may take some more time.
BUSINESS
HPX, PXIL say market coupling a vital step towards ‘One Nation, One Grid, One Price’ vision
The ‘One Nation, One Grid, One Price’ framework is aimed at creating a unified and efficient electricity system, which includes a uniform pricing mechanism
BUSINESS
India-UK Vision 2035: A 'Critical Minerals Guild', collaboration on nuclear power, carbon capture and climate finance
The India-UK Vision 2035 prepares the two countries for a 'BRISK' partnership based on Business, Research, Innovation, Science & technology, and Knowledge, the Indian government said in a statement.
BUSINESS
India-UK trade deal to boost Indian cleantech exports amid renewable energy slump in US
The UK will also support India on green hydrogen, civil nuclear energy, and offshore wind apart from helping it finance climate action.
BUSINESS
India's marine export, processed food among top gainers in UK trade deal as tariff drops to zero
With tariffs now being slashed to zero, Indian marine products will get access to UK's $5.4 billion marine market, competing with nations such as Ecuador and Vietnam, which already enjoy zero import duty from the UK.
BUSINESS
UK PM Keir Starmer calls India FTA the biggest trade deal since leaving the EU
The two Prime Ministers also launched 'Vision 2035' to form partnerships in defence, education, technology and people to people relations.
BUSINESS
Central electricity regulator's nod to market coupling could lower power prices in spot market
Implentation of market coupling would mean there will be only one price for electricity traded through the exchanges at any point of time.
BUSINESS
Critical minerals: India has agreements with 8 countries, talks on with 2 more
India is looking for bilateral arrangements with mineral-rich countries as China curbs on rare- earth magnets worry the industry
BUSINESS
RIL, Adani, Tata, others look to partner NPCIL in nuclear energy push to lower emissions
The government has called bids for setting up Bharat Small Reactors to decarbonise high-emission industries such as steel and aluminium. It expects at least Rs 35,000 crore in investments from the private sector
BUSINESS
No PLI scheme for leather, footwear and toys planned: Govt tells Parliament
Union minister of state for commerce and industry Jitin Prasada stated in the Parliament that in 2024-25, India's total export of leather, leather products and footwear was $4,828.97 million. Of this, 35.17% or $1,698.59 million worth of exports went from Tamil Nadu alone.
BUSINESS
Govt plans battery storage for thermal power plants amid renewable energy fluctuations
Operating thermal power plants at low capacity to allow higher injection of renewable energy into the grid during the day is expensive and leads to higher per unit cost of coal-fired electricity
BUSINESS
Rare earth crisis may see India push through new minerals bill in the monsoon session
The bill may also enable the National Mineral Exploration Trust to use its funds for mine development, apart from exploration in India as well as overseas.
BUSINESS
Wind turbine maker Envision Energy to open 3rd manufacturing unit in India
The company’s MD said that the union government's proposed mandate to localise within six months of the finalisation of guidelines for OEMs could jack up the price of wind turbines in India.
BUSINESS
Amendments to nuclear laws still in the works, unlikely this monsoon session
The overhaul of India's nuclear laws to bring in private participation also raises questions over accountability for the imported reactors that would be supplied by a foreign technology or design partner.
