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Govt Seeks Proposals For Coal Gasification Projects Under Rs 37,500-Crore Incentive Scheme
The signing of the project agreement will take place on January 4, 2027, the coal ministry said.
RBI to conduct Rs 25,000-cr overnight variable rate repo auction
The Reserve Bank of India (RBI) on Tuesday said it will conduct an overnight variable rate repo (VRR) auction for a notified amount of Rs 25,000 crore on July 8. The auction will take place between 9:30 am and 10:00 am on Wednesday, and the funds will be reversed on July 9, according to the RBI's notification. "On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, July 8," the RBI said in a release.
TPG acquires Aseem Infrastructure from NIIF with GIC, ICICI backing
Global private equity firm TPG is acquiring a full stake in Aseem Infrastructure Finance, a leading sustainable infrastructure debt financier. Partnering with Singapore's GIC and ICICI Bank, TPG's climate investing platform will take over the company, which has funded significant renewable energy and power transmission projects. Aseem Infrastructure, founded by NIIF, has disbursed over Rs 40,000 crore in loans, contributing to substantial greenhouse gas emission reductions.
MEIL to pump in Rs 40,000 crore capex in 3 years, eyes Rs 2 lakh crore topline in 5 years
Megha Engineering & Infrastructures Limited (MEIL) Group is set to invest up to Rs 40,000 crore in capital expenditure over the next two to three years, targeting a Rs 2 lakh crore topline within five years. The conglomerate plans to take subsidiaries like Evey Trans, its electric bus operator, and its Defence vertical public.
Coal gasification pilot yet to take off despite ₹6,233 cr incentives
Nearly a year after awarding ₹6,233 crore for coal gasification projects, none have progressed beyond planning. Despite multiple task force meetings, ground work hasn't commenced, with commissioning now pushed to FY30. Meanwhile, a new ₹37,500 crore scheme has been launched, excluding first-round participants who now face disadvantages due to delays and lack of access to more generous incentives.
Accel, Nikhil Kamath-backed Sarla Aviation completes flight test campaign of demo e-aircraft
Bengaluru-based Sarla Aviation, backed by Nikhil Kamath, has successfully completed flight tests for its electric aircraft technology demonstrator, Sylla. This milestone precedes the planned 2028 launch of their full air taxi, Shunya. Sylla 1.0 validated key engineering objectives, including vertical take-off and hover capabilities, marking a significant step for India's urban air mobility sector.
Slumdogs no more: Can tycoons take the Mumbai Model to other cities?
India's top business tycoons like Adani and Ambani are shifting focus from city outskirts to redeveloping Mumbai's older housing and slum areas. This strategic move, driven by scarce and expensive greenfield land, aims to transform decaying urban pockets. Major projects are underway, signaling a new era of large-scale urban regeneration that could serve as a model for cities nationwide.
IRCON JV bags ₹763 crore Tripura power project; RVNL's Saleem Ahmad to take CMD charge
IRCON's joint venture has secured a ₹763 crore smart grid project in Tripura, with the company's share at ₹198 crore. Separately, the Railways Ministry has named RVNL chief Saleem Ahmad as IRCON's interim CMD from July.
RIL aims to generate 40 billion units of green energy every year, Anant Ambani says at AGM
Reliance Industries Ltd. (RIL) executive director Anant Ambani, at the 49th AGM, announced a slew of measures the conglomerate is set to take this fiscal onwards, focusing on building the world's first fully soverign clean energy ecosystem.
India may take a leaf from China's book for oil pool
India may adopt a China-like strategy for its oil reserves. Refiners could be required to hold significantly more crude oil. This move aims to protect the nation from future supply shocks. The proposal is in its early stages. Refiners might face substantial costs for storage and oil purchases. This policy could bolster India's energy security.
Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: Analysts
Energy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening of the Strait of Hormuz are key factors. However, analysts warn of continued volatility due to supply disruptions and low inventories. India's energy security and import costs are expected to improve. Full market normalisation may take months.
TCS To Take $70 Million Exceptional Charge In Q1FY27 After US Supreme Court Rejects Appeal In DXC Suit
The case dates back to a suit originally filed by Computer Sciences Corporation, which later merged into DXC Technology. TCS had first disclosed the matter to exchanges in June 2024, with a subsequent update in November 2025.