Page 2 - Industry News

Tata Power arm to invest ₹6,500 crore in 10 GW solar wafer facility

Tata Power on Thursday said that its arm Tata Power Renewable Energy will invest Rs 6,500 crore in a photovoltaic ingot and wafer manufacturing facility of up to 10 GW capacity. The production of ingot and wafer will support the company's backward integration, the company said in an exchange filing. The Board of Directors of Tata Power Renewable Energy Limited (TPREL), a subsidiary of the company, approved the proposal to adopt a new line of business, photovoltaic (PV) ingot and wafer manufacturing. The proposed new line of business falls under upstream solar photovoltaic (PV) manufacturing, specifically PV Ingot and wafer manufacturing. This segment represents a critical part of the solar value chain, supplying key inputs for downstream cell and module manufacturing. The foray into ingot and wafer manufacturing supports backward integration, reduces dependence on imports (currently dominated by China), and positions the company to benefit from India's policy-driven push towards ...

AERB grants licence to NFC-Kota to fuel 700 MWe nuclear reactors

The Atomic Energy Regulatory Board (AERB) has granted an operating licence to the Nuclear Fuel Complex-Kota, which is designed to provide fuel to 700 MWe Pressurised Heavy Water Reactors. The facility in Rajasthan's Rawatbhata has a licensed annual capacity of 500 metric tonnes of natural uranium dioxide (UO2) fuel bundles. "The proposed activity of operation can be carried out in compliance with this license without undue risk to workers, the public and the environment," said the AERB in an order issued last week. The operation licence was granted after the AERB conducted a detailed safety assessment under its regulatory framework. "The activities at NFC-Kota are of low hazard category. The systems required for radioactive waste management and prevention of spread of contamination during operation are available. The application, the subsequent submissions and the review carried out have shown that the associated safety aspects have been adequately addressed," said the AERB. The .

Uttar Pradesh govt bets on solar as energy demand may cross 33,000 Mw

Uttar Pradesh boosts rooftop solar and microgrids to meet record summer power demand, targeting energy security and cleaner electricity across the state

Govt issues SOP for hub-spoke model for int'l flights; A-I trials in June

The civil aviation ministry has issued the standard operating procedure for operationalising the hub and spoke aviation model to ensure smooth domestic to international connectivity for passengers, and Air India is expected to start trials based on the model in June, according to sources. The Hub and Spoke (H&S) model will provide smooth connectivity for passengers travelling from spoke airports to international destinations through a hub or larger airport. One of the sources said Air India is expected to start trial H&S flights from Varanasi airport from June 1. Passengers will take a flight from Varanasi to Delhi and then another flight to London. The move is part of efforts to make India, one of the world's fastest domestic civil aviation markets, as a global aviation hub. Under the model, Domestic to International (D-I) and International to Domestic (I-D) operations will be facilitated in a smoother manner for passengers, including in terms of immigration processes and ...

Ramky Estates acquires 4.3 msf Skylark projects, eyes ₹2,000 crore

Ramky Estates has acquired stalled Skylark residential projects in Bengaluru, aiming to revive construction, ensure delivery, and unlock revenue potential of around Rs 2,000 crore

Transmission bottlenecks threaten India's ambitious renewable energy goals

India's rapid renewable energy expansion is exposing grid and transmission constraints, with experts warning that system resilience and infrastructure upgrades are critical to sustain growth

Deep tech to drive India's next Unicorn wave: Kris Gopalakrishnan

Moving beyond consumer internet and fintech, the next wave of billion-dollar Indian startups must be built on deep technology and advanced manufacturing to secure the country's strategic autonomy, Infosys co-founder Kris Gopalakrishnan said on Tuesday. Speaking at the CII Unicorn Summit 2026, Gopalakrishnan, Chairman, CII Centre of Excellence for Innovation, Entrepreneurship & Startups and Chairman, Axilor Ventures, defined this next phase as "Unicorn 2.0", urging founders to focus on proprietary technology and longevity rather than just chasing high valuations. "For me, Unicorn 2.0 is about deep tech," Gopalakrishnan said. While acknowledging that the first wave of consumer internet, edtech, and D2C unicorns made India proud, he noted that the next wave will determine if India becomes a truly developed economy. "Deep tech is harder, it takes longer, the capital cycles are different... and the failure rates are higher. But the rewards-economic, strategic, and civilisational-are ...

Peak power demand reaches record 256 GW for second time in 3 days

The country's peak power demand soared to 255.85 GW on Monday, reaching the record level for the second time within three days, driven by intense heatwave conditions that pushed usage of cooling appliances like air-conditioners and desert coolers. The surge in power demand, amid severe heatwave conditions across the north, central and western India, resulted in a significant rise in energy consumption, as users relied on air-conditioners and cooling devices to beat the heat. According to the power ministry data, peak power demand was recorded at 255.85 GW (nearly 256GW) on Monday, which was a tad below the highest-ever peak demand recorded at 256.11 GW on Saturday. Peak power demand started surging in the second half of this month and touched 252.07 GW on April 24. The power ministry on Tuesday said, "India has successfully met its all-time highest peak electricity demand of 256.1 GW on 25th April 2026 at 15:38 hrs without any shortage, while simultaneously maintaining electricity

Infosys tops LinkedIn India 2026 career growth list; Accenture second

IT major Infosys has emerged as the top company for career growth in India, followed by Accenture and Amazon, according to LinkedIn's '2026 Top Companies' list released on Tuesday. The 10th edition of the annual list, which features 25 large companies, is dominated by technology powerhouses, global consulting firms, and financial giants. JPMorgan Chase and SAP secured the fourth and fifth positions, respectively. The 2026 list witnessed ten new entrants. Notable new additions include tech firms such as SAP, NVIDIA, HP, Microsoft, Sandisk, Marvell Technology, and Thomson Reuters. Geographically, Bengaluru continues to lead as the prominent talent hub for these top companies. Hyderabad follows closely, while Delhi, Mumbai, and Chennai remain key hiring centres for large corporations. The report highlighted a shifting focus in hiring trends, noting that companies are increasingly looking for professionals who can blend technical fluency with human skills-such as communication and ...

RBI eases risk-weight trigger for unrated big-ticket loans, tweaks norms

Threshold for 150% risk weight raised to ₹500 crore; draft norms' tougher proposals pared back

Why India must ramp up coal gasification as part of its energy strategy

India's abundant coal reserves and rising energy demand make coal gasification a key strategy to reduce import dependence, boost industrial fuel supply, and strengthen long-term energy security

Has India's farm output finally become less dependent on the monsoon?

As India faces a below-normal monsoon forecast for 2026, improved irrigation, resilient seeds and policy support have strengthened farm output, though regional risks and inflation concerns persist

Zomato drops clause penalising restaurants for lower dine-in prices: Report

The clause was never enforced but has been dropped now, a Zomato source said on Thursday, without explaining the rationale for the decision

Odisha clears ₹124 crore spinning unit in Balangir to boost textiles

Cabinet approves yarn manufacturing unit by Shree Ambica Cotspin to strengthen cotton value chain, create jobs and spur industrial growth in the KBK region

EU unveils plan to curb energy prices, tackle shortages amid Iran conflict

Concerns over the bloc's declining competitiveness with China and the US have helped push energy prices to the top of the EU's political agenda

FDI firms' net sales growth slows to 8.7% in FY25 from 9.4%: RBI data

Net sales growth of the select FDI companies moderated to 8.7 per cent in 2024-25 from 9.4 per cent in the previous year, according to the RBI data on finances of foreign direct investment firms. The central bank on Wednesday released the data relating to the financial performance of non-government non-financial (NGNF) foreign direct investment (FDI) companies in India during 2024-25 based on audited annual accounts of 3,100 companies, which reported in the Indian Accounting Standards (Ind-AS) format. "Industry wise, net sales growth of services sector marginally increased to 12.7 per cent from 12.2 per cent in the previous year, while for manufacturing sector it decelerated to 5.1 per cent from 6.8 per cent in the previous year," the RBI said. Companies with direct investment from Singapore, the US and Mauritius accounted for more than half of the sample companies. Japan, the Netherlands and the UK were other major direct investment sources in India. Majority of the sample compani

India to buy urea at near double pre-war prices amid supply disruption

Urea from the West Asia, a major supplier to the South Asian nation, was quoted at $490 a ton before the war began, according to Green Markets data

Enterprise AI adoption held back by skills gap, says Nutanix AI chief

Nutanix Chief AI Officer Debojyoti Dutta says enterprises are struggling to deploy AI at scale due to a shortage of skilled professionals, even as adoption shifts from pilots to production

Tesla brings in 2nd model to India; to expand service, body shop network

American electric carmaker Tesla on Wednesday announced acceleration of its journey in India, driving in the three-row six-seater SUV Model YL priced at Rs 61.99 lakh, its second offering in the country. The company, which last year made its much-awaited entry into India with the launch of its Model Y, is also revving up expansion of charging network across highways connecting major cities. "What we are going to do in the coming quarter or in this quarter is to expand our service and body shop network and presence in cities of Bengal, Hyderabad, Chennai and Ahmedabad," Tesla India General Manager Sharad Agarwal said at the launch. Stating that the company will be closer to its customers, he said, "Service for us is more of peace of mind to our customers because you don't need to come to the Tesla service centre to fix your car." Charging is a very important part of the ecosystem that we are building here in India, he said and added the company had already enabled five supercharger

Government eyes E85 fuel rollout, but is India ready for the shift?

Reports suggest the government may soon notify E85 fuel rules as India eyes higher ethanol blends, but experts flag gaps in vehicle readiness, infrastructure, pricing, and transition timelines