Indian Energy Exchange (IEX) has released its Power Market Update for Fiscal Year 2025 (FY25), Q4FY25, and March 2025, highlighting record-breaking performance in electricity trading and the Renewable Energy Certificate (REC) market. India’s power demand grew by 4.4% in FY25 compared to the previous year. Record-High Electricity Trading Volume IEX achieved its highest-ever electricity trading …
Jindal Steel & Power Limited (JSPL), through its wholly owned subsidiary, Jindal Steel Odisha Limited (JSO), has acquired full ownership of Allied Strips Limited (ASL), marking a strategic step towards strengthening its downstream steel processing capabilities. Details of the Acquisition ASL, incorporated under the Companies Act, 1956, is a public company engaged in the manufacturing …
Shakti Pumps (India) Limited has received a Letter of Award from the Maharashtra Energy Department Agency (MEDA) for the supply and installation of 445 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS). The project falls under Component-B of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) scheme, aimed at promoting solar-powered irrigation. Scope and …
The Indian paint industry, valued at approximately ₹60,000 croreores in 2020. It is broadly divided into two segments: decorative/architectural and industrial. The decorative segment dominates the industrial landscape, accounting for roughly 70% of total paint consumption. On the other hand, the industrial segment comprises the remaining 30%. The market is characterised by a concentrated oligopoly, …
On April 4, 2025, Vedanta share price tanked 7%, reaching a day low of 403.50 at 11:55 AM, after opening at 435.65 on BSE. The drop in Vedanta shares came after the company released its production update for Q4FY25 and FY25. The company posted record production figures across key business verticals for the Q4 and financial year …
Suzlon Energy informed the stock exchanges that its wholly-owned subsidiary, Suzlon Global Services Ltd (SGSL), has been fined by the Commissioner of Customs (Imports), Mumbai. The penalty of ₹7.47 lakh was imposed over allegations of non-payment of customs duty on casting parts imported from China on August 30, 2017. The company stated that SGSL plans …
On April 4, 2025, Avenue Supermarts shares (D-Mart share price) fell ~3%, reaching a day low of ₹3,941.05 at 11:30 AM, after opening at ₹4,163.35 on BSE. The drop in D-Mart share price came after the retail chain operator reported a standalone revenue of ₹14,462.39 crore for Q4 FY25, reflecting a 16.7% increase from ₹12,393.46 crore during …
Tata Consultancy Services (TCS) share price continued its decline, hitting a fresh 52-week low for the second consecutive day. As of April 4, 2025, at 11:27 AM, the stock traded at ₹3,311.70, down ₹91.45 or 2.69% from the previous close of ₹3,403.15. The stock opened at ₹3,362.60 and fluctuated between a high of ₹3,399.65 and …
India’s workforce is driving its digital revolution, adding one Global Capability Center (GCC) every week, making it a hub for global R&D. To sustain this growth, the government is revamping university curricula to include AI, 5G, and semiconductor design under NEP 2020. The IndiaAI Future Skills initiative expands AI education, offering PhD fellowships and setting …
India’s semiconductor industry has the potential to grow to ₹3,47,800 crore (US$ 40 billion) by 2030, driven by advancements in the supply chain ecosystem, particularly chemicals and gases essential for chip manufacturing. According to the India Electronics and Semiconductor Association (IESA), the global semiconductor supply chain market is projected to reach ₹36,51,700 crore (US$ 420 …
