Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Maruti Suzuki installs 1 MWh battery storage system at Kharkhoda facility
Maruti Suzuki commissioned a one MWh Battery Energy Storage System at its Kharkhoda facility. This system stores surplus solar power generated during low-demand periods. The new BESS will help stabilize the local electricity grid effectively. This initiative aligns with India's focus on building self-reliant energy ecosystems. The company remains committed to lowering emissions despite increasing production volumes.
Tata Motors PV targets 10x volume growth by FY30; Chairman N Chandrasekaran aims for 20% market share
Tata Motors Passenger Vehicles aims for ten-fold volume growth by FY30. The company targets over 1.2 million vehicle sales and 20 percent market share. Significant investments in digital technologies and AI are planned across the value chain. Collaboration with Jaguar Land Rover leverages complementary strengths in manufacturing and technology. The company is committed to electric vehicle transition and future mobility.
Maruti Suzuki commissions 1 MWh battery energy storage system at Kharkhoda plant
Maruti Suzuki commissioned a 1 MWh Battery Energy Storage System at its Kharkhoda plant. This system integrates into the plant's internal electricity distribution network as a pilot project. The battery storage will store excess solar power generated during low-demand periods. This initiative helps improve renewable energy utilization and reduce carbon emissions annually. The company remains committed to lowering emissions despite increasing production volumes.
Waaree Energies says US Customs found no exports of China-cell solar modules
Waaree also said that its US operations remain unaffected by the development. The company said manufacturing activities, customer deliveries and commercial operations continue as usual, adding that it remains committed to regulatory compliance and will cooperate with the relevant authorities while providing updates as required.
Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaul
Reliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green chemicals. This strategy aims to create new revenue streams and reduce exposure to global energy market volatility. Reliance is committed to ensuring India's energy security by future-proofing its legacy business and building new growth engines.
'They Were Slapped Once': Iran Warns US Of 'Crushing Response' To Breach Of Contract, Excessive Demands
Ghalibaf said Iran remains committed to implementing the conditions set by Supreme Leader Ayatollah Mojtaba Khamenei.
Tata Motors PV confident of delivering industry-leading growth in FY27: Chairman N Chandrasekaran
Tata Motors Passenger Vehicles anticipates industry-leading growth in FY27. This confidence stems from a strong lineup of new vehicle launches and diverse powertrain options. The company will continue its collaboration with Jaguar Land Rover on manufacturing and technology. Focus remains on safety, sustainability, quality, and customer satisfaction. Tata Motors is committed to Net Zero by 2040.
Maruti Suzuki launches India's first flex-fuel car, bets on biofuels to boost energy security
Maruti Suzuki has launched India's first flex-fuel passenger car, the Wagon R. This move aims to significantly cut crude oil imports and lower carbon emissions. The technology supports farmers and rural communities, linking agriculture with clean mobility. This initiative is a key step towards India's energy security and self-reliance. The company is committed to cleaner mobility solutions.
SC sets aside SAT order directing RIL to disgorge ₹447 crore
The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL) shares in 2007. The apex court partly allowed the appeal filed by RIL challenging a November 2020 order of the Securities Appellate Tribunal (SAT), Mumbai. The SAT, by a 2:1 majority order, dismissed RIL's appeal against the Securities and Exchange Board of India (SEBI )'s March 24, 2017, order relating to the sale of RPL shares in November 2007. The top court said the SAT, in its majority verdict, committed an "egregious error" in passing the judgement insofar as the question of fraud under Regulations 3 and 4 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), 2003 (PFUTP) is concerned. "However, we concur with the SAT's observations in its majority judgment as regards the penalty to be levied on the appellant number 1 (R
Japan’s Development Bank invests in Indian real estate through HDFC Capital fund
Japan's Development Bank of Japan Inc. has entered India's residential property market. It committed capital to HDFC Capital's affordable and mid-income housing platform. This marks a significant new entry of Japanese institutional capital. The investment supports sustainable development and addresses India's housing shortage. It also enhances geographic diversification for the bank's overseas real estate portfolio.
Fertiliser subsidy may surpass budgeted estimates by Rs 70k cr
India imports over 80% of its DAP requirements and for urea domestic production covers only 30-35% of total demand. India is among top fertiliser importing countries in the world. The official said the Centre is committed to ensure that there are sufficient fertiliser stocks, and available at affordable rates to farmers.
Star Air announces connecting Kohlapur and Belagavi to its network
Star Air is boosting air travel to Kolhapur and Belagavi. The airline is increasing its weekly flights and adding new routes. This expansion aims to connect these cities better with Mumbai, Ahmedabad, Bengaluru, Kishangarh, and Indore. Star Air is committed to making air travel accessible and affordable for more regions across India.