'The launch of Nila, our very first satellite was very emotional as well as nerve wracking. We tried to calm ourselves by cracking some poor jokes!'
The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces. Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said.
India on Saturday delivered 15 tonnes of relief materials to Myanmar under its 'Operation Brahma' that was launched after a powerful earthquake hit the neighbouring country as well as Thailand.
Billionaire Gautam Adani's group is planning to build 10 GW of integrated solar manufacturing capacity by 2027, as it looks to capture energy transition business, sources close to the company said. Adani Group currently has a solar manufacturing capacity of 4 GW. Adani Solar has a confirmed order book of over 3,000 MW in exports that are to be serviced over the next 15 months, they said, adding Adani, recently, raised $394 million for solar manufacturing from Barclays PLC and Deutsche Banks AG through a trade finance facility.
ISRO's maiden solar mission, Aditya L1, has captured its first high energy X-ray glimpse of solar flares. During its first observation period from approximately October 29, the High Energy L1 Orbiting X-ray Spectrometer (HEL1OS) on board Aditya-L1 spacecraft has recorded the impulsive phase of solar flares, the space agency said in a statement on Tuesday.
As many as 19 firms, including Reliance Industries Ltd (RIL), Adani Group and Tata have evinced interest for setting up solar manufacturing units under a production linked incentive scheme of the government. In April this year, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules. The scheme is aimed at adding 10,000 MW manufacturing capacity of integrated solar PV modules entailing direct investment of Rs 17,200 crore.
The pani puri vendor is drawing attention with exclusive deals, including a lifetime unlimited pani puri offer for Rs 99,000 and a Rs 21,000 reward for anyone who can eat 151 pani puris in one sitting.
Finance Minister Nirmala Sitharaman on Thursday said Pradhanmantri Suryodaya Yojana will enable one crore families to get up to 300 units of free electricity monthly and help them save up to Rs 18,000 annually. "There is provision of Rs 10,000 crore for rooftop solar (scheme) in the Budget," said finance secretary T V Somanathan in press conference on Budget later in the day. Earlier in the day Sitharaman in her interim Budget speech said through rooftop solarisation, one crore households will be enabled to obtain up to 300 units of free electricity each month.
The partial solar eclipse is being observed in several parts of the country with Srinagar witnessing the maximum obscuration of the solar disc at 55 per cent.
Prime Minister Narendra Modi is set to visit Sri Lanka, where he will hold talks with President Anura Kumara Dissanayake and strengthen ties through agreements on defence, energy security, and digitalisation. This visit aims to further bolster the already strong relationship between the two nations and is expected to include several outcomes, including a defence cooperation agreement, debt restructuring, and a currency swap. This visit comes at a time when Sri Lanka is recovering from an economic crisis, where India played a significant role in providing financial assistance.
'April 9 announcement of slapping a 125% tariff on Chinese goods has brought the focus back to China, making this new phase feel like a repeat of the original conflict.'
Prime Minister Narendra Modi's visit to Sri Lanka is expected to yield at least 10 ambitious outcomes, including a defense cooperation agreement and frameworks for deeper engagement in the energy sector. The visit comes at a time when Sri Lanka is recovering from an economic crisis, with India providing significant financial assistance. Modi and Sri Lankan President Anura Kumara Dissanayake will also dedicate several projects built with India's assistance and virtually inaugurate the Sampur solar energy project.
People across the world, especially in India, started posting photos of the solar eclipse on social media this morning once the planetary event became visible from their cities.
Prime Minister Narendra Modi on Sunday visited Dr Hedgewar Smruti Mandir in Nagpur and paid tributes at memorials dedicated to Rashtriya Swayamsevak Sangh (RSS) founder Keshav Baliram Hedgewar, and second sarsanghchalak (chief) M S Golwalkar.
Venture capital (VC) and private equity (PE) funds had, in 2024, taken bets on traditional businesses rather than tech-first domains like consumer tech, software as a service (SaaS) and software. According to data from Bain & Co, Pitchbook, Venture Intelligence, VCC Edge and AVCJ, prominent VC funds like PeakXV saw their share in this traditional space go up sharply from 14 per cent in 2023 to 23 per cent in 2024.
Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.
Some of India's largest conglomerates are gearing up to either commission or commercially start the first phase of their new energy projects this year, according to company executives and analysts.
In a first-of-its-kind initiative involving precision-flying, Indian Space Research Organisation on Thursday successfully launched the Proba-3 mission onboard a PSLV-C59 rocket, a solar experiment undertaken by the European Space Agency.
The successful launch of the maiden solar mission of the Indian Space Research Organisation came on the heels of the historic lunar landing mission - Chandrayaan-3.
The UT has already issued requisite directives to all the officers to start preparations for achieving the 'Solar City' target within the stipulated time frame. The administration said people should accept that they are in the middle of climate change and the frequency of natural disasters is increasing at an alarming pace.
"Less than two week back, we faced a set of allegations from the US about compliance practices. This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger," he said addressing the 51st Gems and Jewellery Award in Jaipur.
Billionaire Gautam Adani-led group's power transmission unit has raised $1 billion through a share sale, the first public equity raise by the conglomerate since a damning Hindenburg report, which wiped away billions in shareholder value. Adani Energy Solutions Ltd raised the funds through a qualified institutional placement (QIP) issue, sources with direct knowledge of the matter said. The QIP, which opened on Tuesday, was oversubscribed three times with demand of about Rs 26,000 crore - making it the largest transaction in India's energy space.
The project is critical as the region expects huge investments in the automotive, renewable energy, and space sectors.
'For the Indian economy to maintain a growth rate of 7 to 8 per cent, it needs large foreign direct investment coming in, and that's mainly coming from the US.'
Novelis' Q3FY25 volume stood at 904,000 tonnes (down 1 per cent Y-o-Y, down 4 per cent Q-o-Q), due to lower VAP and automotive shipments. Revenue stood at $4.1 billion (+4 per cent Y-o-Y, down 5 per cent Q-o-Q).
Data collected around L1 would provide insights into the origin, acceleration, and anisotropy of solar wind and space weather phenomena, it said.
'It is our duty to keep space sustainable and free of debris.'
India's $100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers fall by the wayside, no longer protected by government restrictions on the sector.
After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India's (RBI's) optimism about private investments picking up.
'The startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, not pull down the teams that are trying hard to get there.'
The moon blacked out the sun in totality over Indonesia's main western island of Sumatra, providing crowds with stunning views of a total solar eclipse.
Congress leader Rahul Gandhi criticized Prime Minister Narendra Modi for his response to questions about the Adani Group controversy during his US visit. Gandhi alleged that Modi downplayed the issue as a 'personal matter' and did not raise it with US President Donald Trump. Gandhi argued that the controversy is a 'matter of the country' and should not be ignored by the Prime Minister.
Kerala chief minister will inaugurate CIAL's green initiative.
Former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has strongly refuted allegations of bribery by the Adani Group for solar power purchases during his government. He claimed his name was not mentioned in a US court's indictment and that meetings with Adani Group chairman Gautam Adani were not unusual for a chief minister. Reddy said the power supply agreement was between the state's DISCOMs and SECI, with no third-party involvement. He also defended the deal, calling it 'historic' and highlighting the cost savings for the state. Meanwhile, former CM N Chandrababu Naidu has alleged irregularities in the deal and promised to act upon the alleged charges.
'The hacker replaced original emails and planted fraudulent emails with a request letter and invoices to be paid to fraudulent bank accounts.'
Inderpreet S Wadhwa, a former Silicon Valley serial entrepreneur, sets up India's first commercial solar power plant Awan, Amritsar.
'The touchstone is reciprocity which will be applied to friends and foes alike.' 'It will be a bitter pill to swallow.'
'While criticising India's high tariffs, Mr Trump stated he would impose reciprocal taxes on Indian products if re-elected.' 'However, since India's tariffs follow WTO rules, Mr Trump's actions would violate these rules,' Ajay Srivastava points out.
In November last year, an indictment was unsealed in the United States District Court for the Eastern District of New York, charging prominent Indian executives, including Chairman of the Adani Group, Gautam Adani, by linking them to an alleged bribery scheme.
Driven by smartphone, electronics exports have reached $22.5 billion in value in the first eight months of the current financial year (FY25), a near 28 per cent growth over the $17.66 billion electronics exports during the corresponding period of FY24.
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