Indian Companies Willing to Deepen Presence in Venezuela, Oil Minister Puri Says
India’s Petroleum Minister Hardeep Singh Puri reaffirmed support for Venezuela’s energy reconstruction, stating that Indian firms are ready to deepen their presence. The two leaders discussed expanding an enduring energy partnership, with Venezuela inviting an Indian delegation to explore opportunities. India’s crude imports from Venezuela surged to over 1,000 TMT in April‑May FY 2026‑27, reflecting a strategic shift amid Gulf supply disruptions. Total Indian investment in Venezuelan oil projects now totals about $1 billion.
Maruti Suzuki to Invest ₹925 Crore in Green Energy Push by FY31
Maruti Suzuki India Ltd announced a ₹925 crore (~$111 million) green‑energy program through FY 2030‑31, featuring a new 10‑tonne‑per‑day biogas plant at Kharkhoda and an expansion of the Manesar plant from 0.2 to 0.7 TPD. The company earmarked ₹150 crore (~$18 million) specifically for these biogas...
HCC Bags ₹127 Crore Bhutan Hydropower Project Contract
Hindustan Construction Company (HCC) secured a ₹127 crore (~$15 million) contract from Wangchhu Hydroelectric Power Ltd in Bhutan to build diversion tunnels, hydromechanical gates and cofferdams. The work must be completed within nine months and is essential to start the primary civil...
Snap Bets on ‘Attention Economy’ as Brands Rethink Digital Advertising Playbook
Snap India’s Managing Director Pulkit Trivedi says the next advertising currency will be "attention," not impressions or clicks. He projects India’s digital ad market, now over $10 billion, could reach $18‑20 billion in three to five years. Snap is betting on immersive...
Hyundai Reaffirms Tamil Nadu Commitment, Plans to Make State Its Flagship EV Hub
Hyundai Motor India reaffirmed its partnership with Tamil Nadu, declaring the state its flagship EV hub for the country. The automaker will debut two new models from its Sriperumbudur plant, including its first mass‑market dedicated electric vehicle later this year. Hyundai...
Inox Clean to Acquire Singapore-Based Vena Energy’s 6 GW India Portfolio for ₹6,000 Crore
Inox Clean Energy Ltd, the renewable arm of the INOXGFL Group, signed a definitive agreement to acquire Vena Energy’s 6 GW India portfolio for roughly ₹6,000 crore (about $720 million). The deal includes 1.2 GW of operating assets, 1.8 GW of projects near commissioning and...
TVS SCS, Italy’s ALA Group Form Aerospace and Defence JV; Target ₹2,000 Crore Revenue in 3-5 Years
TVS Supply Chain Solutions (TVS SCS) has formed a 51‑49 joint venture with Italy’s ALA Group to build an aerospace and defence supply‑chain platform in India, backed by an initial €2 million ($2.2 million) investment and a ₹10 crore ($1.2 million) infusion into TVS...
Consultative Committee on Power Underscores Grid Stability as RE Push Exacerbates Transmission Woes
The Consultative Committee on Power, chaired by Minister Manohar Lal, convened to tackle transmission bottlenecks that are straining India’s grid as renewable energy (RE) capacity surges. The panel highlighted a loss of 34 GWh of clean generation on 30 March 2026 and noted that...
Auto Demand to Remain Steady, Margins May Come Under Pressure in H1 FY27: Kotak
Kotak Institutional Equities expects Indian auto demand to stay flat in the near term, buoyed by a 22% YoY volume rise in FY26 Q4 and supportive policies such as GST cuts and tractor subsidies. However, the brokerage warns that soaring...
Adani Group Clocks Record ₹1.53 Lakh Crore Capex, All-Time High EBITDA of ₹94,834 Cr in FY26
Adani Group posted a record FY26 capital expenditure of ₹1.53 lakh crore (≈$16.1 bn) and an all‑time high EBITDA of ₹94,834 crore (≈$10 bn), a 5.6% year‑on‑year rise. The spending, the largest ever by an Indian corporate, pushed the consolidated asset base to ₹7.85 lakh crore (≈$82.8 bn),...
Coca-Cola Says It’s Looking at Listing HCCH on BSE
Coca‑Cola announced it is preparing a public listing of Hindustan Coca‑Cola Holdings Pvt. Ltd. (HCCH) on the Bombay Stock Exchange and National Stock Exchange in 2027, while also considering a partial sale of its stake. The move follows Jubilant Bhartia...
Siemens Sells Low Voltage Motors Business to Innomotics India for ₹2,200 Cr
Siemens Ltd completed the sale of its Low Voltage and Geared Motors business to Innomotics India Private Limited for ₹2,200 crore (approximately $265 million). The transaction, structured as a slump‑sale on a cash‑free, debt‑free basis, transfers the product line and related customer‑service...
GACL to Set up High-Purity Hydrogen Peroxide Plant in Gujarat for Semiconductor, Solar Applications
Gujarat Alkalies and Chemicals Ltd (GACL) approved a $8.1 million investment to build a 5,000 tonnes‑per‑year high‑purity hydrogen‑peroxide plant in Dahej, Gujarat. The facility, aimed at semiconductor fab and solar‑cell makers, is slated for commissioning within 18 months and is projected to generate...
Tata AutoComp Forms JV with Korea’s Jahwa Electronics for EV Components
India’s Tata AutoComp Systems Ltd has entered a joint venture with South Korea’s Jahwa Electronics to manufacture low‑voltage and high‑voltage PTC heaters for electric and hybrid vehicles. The partnership aims to localize production, positioning India as a strategic hub for...
Coal Gasification Push Represents Structural Shift for Coal India, Says CMD B Sairam
Coal India Limited (CIL) set FY27 production at 815 million tonnes (mt) and a supply target of 850 mt, aiming to trim pit‑head inventories from 17% to around 10% of output. The company is pivoting toward coal‑to‑chemicals, launching a 660,000‑tonne‑per‑year ammonium nitrate...
JSW Steel Begins Work on ₹65,000 Crore Paradeep Steel Plant in Odisha
JSW Steel has broken ground on a 13.2 million‑tonne‑per‑year Paradeep steel plant in Odisha, committing roughly $7.8 billion (₹65,000 crore) to the project. The 2,950‑acre coastal facility will be built in phases, leveraging direct port connectivity to lower logistics costs and serve both...
Carraro India Bets on Premium Tractors, Construction Exports to Drive Next Growth Phase
Carraro India is entering a new growth phase by expanding axle capacity, adding premium 4WD tractors and electric driveline systems, and boosting construction‑equipment exports. FY26 revenue rose 25% to ₹2,284 crore (≈$279 M) and profit after tax jumped 48% to ₹130.6 crore (≈$16 M)....
There Is 168 MT Coal Buffer to Meet Summer Demand, Says Coal India
Coal India announced a 168 million tonne (MT) coal buffer to meet India’s summer power demand, combining mine‑head stocks, plant inventories, and coal in transit. As of late May, domestic coal‑based plants held 47.6 MT while CIL’s own mines stored 113.5 MT, a...
Solar Energy Companies Tap Battery Energy Storage Systems
Indian solar manufacturers are rapidly expanding into Battery Energy Storage Systems (BESS) as renewable‑power tenders now require integrated storage. Waaree Energies plans a ₹10,000 crore ($1.2 bn) investment, targeting 20 GWh of BESS capacity by FY 28, while Vikram Solar, Premier Energies and Swelect...
Maharashtra Government Inks Pact with Aggreko India for ₹400 Cr Investment in Pune
The Maharashtra government signed an MoU with Aggreko India to invest roughly ₹400 crore (about $48 million) over ten years in a new global engineering and manufacturing centre at Phulgaon, Pune. The facility will be Aggreko’s largest outside Scotland and is slated...
Aluminium Exports to Japan, Korea and Taiwan Have Risen Marginally After West Asia Crisis Created Supply Gaps: Hindalco
Hindalco Industries reported a modest rise in aluminium shipments to Japan, South Korea and Taiwan after the West Asia crisis created supply gaps. About 70% of its aluminium is consumed domestically while 25‑30% is exported, with 90% of overseas sales...
We Are the Largest Oncology Player in India, Says Zydus MD; Eyes US Speciality Push
Zydus Lifesciences says it has become India’s largest oncology player, leveraging early entry into biologics like Pertuzumab and Nivolumab and a broad oral cancer portfolio. The company attributes rapid growth to government cancer schemes and robust patient‑support programs that have...
Cyient Semiconductors Raises $30 Million From Edelweiss at $500 Million Valuation
Cyient Semiconductors secured $30 million (≈₹286 crore) from Edelweiss‑managed funds, comprising $10 million in equity and $20 million in structured debt, at a post‑money valuation of $500 million (≈₹4,600 crore). The capital will fund R&D for custom power semiconductors, build in‑house validation and testing infrastructure in...
Venus Remedies Gets Saudi FDA Approval for Speciality Oncology Therapy
Venus Remedies Limited announced that the Saudi Food and Drug Authority has granted marketing authorisation for its specialty oncology drug Plerixafor, a stem‑cell mobiliser used in autologous transplants. This marks the first global approval for the therapy, positioning Saudi Arabia...
After Early Semaglutide Lead, Torrent Pharma Eyes US Liver Drug Resmetirom for India Launch
Torrent Pharmaceuticals is conducting a Phase 3 trial of Resmetirom, the first US‑approved drug for metabolic dysfunction‑associated steatohepatitis (MASH), with plans to launch in India once patent barriers lift. The company already commands a strong position in the Indian semaglutide market,...
Green SM’s Cyan EV Fleet, ₹35,000 Driver Guarantee Signal Vingroup’s Big India Bet
Vingroup’s mobility arm Green SM is set to roll out a cyan‑colored electric taxi fleet in India by mid‑June, positioning the vehicles themselves as a live marketing platform. The company promises drivers a guaranteed income of ₹35,000 per month (about $420)...
Dalmia Bharat to Buy ₹2,850 Crore JAL’s Cement Assets Under Adani-Led Resolution Plan
Dalmia Bharat Limited will spend roughly ₹2,850 crore (about $340 million) to acquire Jaiprakash Associates’ cement assets, adding 5.2 MTPA of capacity and 99 MW of power. The deal, part of the Adani‑led insolvency resolution plan, lifts Dalmia’s total cement capacity to 54.7 MTPA, with...
HyFun Foods Ties up with Adani Logistics, Shifts Frozen Exports From 40 Trucks to Rail Corridor
HyFun Foods has launched a dedicated refrigerated rail corridor from Virochannagar’s inland container depot to Mundra Port, partnering with Adani Logistics and Evergreen Marine. Each train movement is designed to replace up to 40 truck trips, lowering fuel consumption, logistics...
Credit Saison India Raises $500 Million via ECB
Credit Saison India secured a $500 million multi‑currency external commercial borrowing, the largest in its history, pushing its cumulative ECB fundraising past $1.1 billion within a year. The syndicate included the Asian Development Bank’s first participation alongside returning lenders such as SBI,...
JSW Group Partners with Uber to Develop and Deploy EVs in India
JSW Group and Uber have signed a memorandum of understanding to co‑develop and roll out electric‑vehicle solutions for Uber’s ride‑hailing platform in India. The partnership leverages JSW Green Mobility’s battery and charging expertise with Uber’s data‑driven fleet insights to create...
Adani Green to Develop 2,250 MW Gandikota-2 Pumped Storage Project in AP
Adani Green has secured the development rights for a 2,250 MW pumped‑storage project in Andhra Pradesh’s YSR Kadapa district. The Gandikota‑2 facility, assigned to Adani Hydro Energy Eleven Ltd, will be built under the state’s Integrated Clean Energy Policy 2024 and is slated...
India’s Peak Power Demand Hits Record High of 260 GW
India’s power grid set a new record on May 19, 2026, reaching a peak demand of 260.45 GW as extreme heat drove massive cooling loads. The previous day’s record of 257.37 GW was also surpassed, highlighting rapid demand spikes during heat waves. Coal‑fired...
Mahindra, DBS Bank Launch India’s First Green Dealer Financing Scheme
Mahindra & Mahindra and DBS Bank India have signed an MoU to launch India’s first sustainability‑linked dealer financing scheme for automotive sales. The programme offers participating Mahindra dealers preferential loan rates that are tied to performance against ESG metrics such as...
Bondada Engineering Bags Orders Worth ₹469-Cr From Adani Group
Bondada Engineering announced it has secured orders worth ₹469 crore (approximately $57 million) from the Adani Group for the Balance of System (BOS) package of a 250 MW solar project in Khavda, Kutch, Gujarat. The orders, issued by Adani Green Energy and its...
NTPC Group Total Installed Capacity Surpasses 90 GW
NTPC Group announced its total installed power‑generation capacity has crossed the 90 GW threshold after the trial operation of Unit 2, an 800 MW addition at Patratu Vidyut Utpadan Nigam (PVUNL). The joint‑venture, in which NTPC holds a 74% stake, lifts the company’s...
Bank of India Raises Fixed Deposit Rates for Medium- and Long-Term Tenures
Bank of India raised its fixed‑deposit rates for tenures of one to three years, effective May 18, 2026. The new slab offers 6.50% p.a. for one‑year, 6.60% for 1‑to‑2‑year and 6.70% for three‑year deposits, with senior citizens receiving an extra 0.50%‑0.75% and...
Amazon Now to Deploy 1,000 Eicher Electric Trucks
Amazon India announced plans to deploy around 1,000 Volvo Eicher electric trucks for its Amazon Now quick‑commerce service by 2028, with 50 trucks already operating. The trucks can travel 100‑180 km per charge and recharge in about 50 minutes, enabling multiple trips between fulfilment...
Tata Power, Druk Green Ink Pact to Build Training Framework for Clean Energy in Bhutan
Tata Power has signed a memorandum of understanding with Bhutan’s Druk Green Power Corporation to create a training framework aimed at supporting the development of 5,000 MW of clean‑energy capacity. The program will be delivered through Tata Power’s Skill Development Institute,...
GE Aerospace to Invest ₹100 Crore in Pune Manufacturing Facility
GE Aerospace announced a fresh investment of ₹100 crore (≈ $12 million) to upgrade its Pune manufacturing plant, bringing total spend in the facility to over ₹510 crore (≈ $61 million) in three years. The funds will finance new welding technology, advanced inspection equipment and infrastructure...
UCIL to Extract Uranium From Hindustan Copper's Tailings, to Set up Recovery Plant in Jharkhand: CMD
Uranium Corporation of India Ltd (UCIL) will build a plant in Jharkhand to extract uranium from the tailings of state‑run Hindustan Copper Ltd (HCL). The agreement turns low‑grade waste into a domestic uranium feedstock, supporting India’s civil‑nuclear and defence programmes....
Aditya Birla Group to Invest ₹4,730 Crore in Vodafone Idea
Aditya Birla Group announced a $500 million equity infusion into Vodafone Idea (Vi) through fully convertible warrants worth ₹4,730 crore. The move brings the group’s cumulative investment in Vi to roughly $3.3 billion, underscoring its commitment to the distressed telecom operator. The infusion follows a...
Uno Minda Plans ₹2,500 Crore Fundraise Through FCCBs and Other Securities
Uno Minda announced a plan to raise up to ₹2,500 crore (≈ $300 million) through foreign‑currency convertible bonds, other debt instruments and a possible qualified institutional placement. The capital will fund its growth agenda, including a ₹550 crore (≈ $66 million) high‑voltage EV power‑train project and...
Automakers Say PM’s EV Push Can Help Grow Penetration
India’s prime minister has renewed a push for electric vehicles, linking the drive to lower oil imports and energy security. The government’s PM‑E‑DRIVE scheme earmarks roughly $1.3 billion for two‑wheelers, three‑wheelers, buses and trucks, while approving $60 million for 4,874 new charging...
Grew Solar to Set up 8 GW Ingot Wafer Unit in Madhya Pradesh
Grew Solar has finished land acquisition for an 8 GW ingot‑wafer plant in Narmadapuram, Madhya Pradesh, slated to start operations by March 2028. The company is already commissioning a 3 GW cell line in the same region, with the first phase expected next...
CESTAT Rules in Favour of MRPL in ₹212.53 Cr Customs Duty Case
The Customs Excise and Service Tax Appellate Tribunal (CESTAT) ruled in favour of Mangalore Refinery and Petrochemicals Ltd (MRPL), granting a refund of ₹212.53 crore (≈$25.6 million) customs duty paid under protest. The dispute stemmed from the classification of reformate imports between...
Ola Electric in Talks to Supply Battery Cells to Global Automakers
Ola Electric is negotiating with global and Indian automakers to sell lithium‑ion cells and battery packs from its Krishnagiri gigafactory. The company currently operates India’s sole functional gigafactory with 6 GWh capacity and plans to expand to 12 GWh by July 2027 and...
Alembic Pharma Gets USFDA Tentative Approval for Generic Prostate Cancer Drug
Alembic Pharmaceuticals received tentative USFDA approval for its 300 mg generic Darolutamide tablets, deemed therapeutically equivalent to Bayer’s Nubeqa. The approval applies to an Abbreviated New Drug Application, clearing a major regulatory hurdle for the Indian firm. Darolutamide targets prostate cancer...
From Paddy Stubble, Energy Firm SAEL Plans to Produve 1 GW Power in Next 5 Years
SAEL, a New Delhi‑based renewable energy firm, announced a plan to scale its paddy‑stubble‑based power generation to 1 GW within five years. The company currently runs 11 biomass plants across Punjab, Haryana and Rajasthan, delivering 165 MW of electricity solely from agricultural residue....
Legal Notice Challenges 1989 Transfer of Tata Sons Shares to Naval Tata
A legal notice filed on May 12 alleges that the 1989 transfer of 833 Tata Sons shares from the Navajbai Ratan Tata Trust to Naval H Tata was unlawful and breached fiduciary duties. The shares, originally recorded at about ₹7.8 lakhs (≈ $9,400), are now valued at roughly...
Torrent Pharma Says JB Chemicals Merger in Final Phase, Expects Completion in 1-2 Months
Torrent Pharmaceuticals announced that its merger with Mumbai‑based JB Chemicals & Pharmaceuticals has entered the final stage, with a court hearing slated for the second week of June and an expected closing within one to two months. Shareholder approvals and...