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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.
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.
Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
Global oil prices saw a dip following news of an Iran war ceasefire and the reopening of the Strait of Hormuz. However, energy experts caution that restoring full oil and gasoline supplies will take several months. Stranded ships must depart, and new tankers will need safe passage.
Ambani-backed robot startup seeks $100 million to take on China
Reliance-backed robotics startup Addverb Technologies is looking to raise over $100 million to fund expansion into humanoid robots, AI and advanced automation. The company, which generates half its revenue overseas, targets a spot among the world's top 10 robotics firms within five years.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades lower; Jefferies initiates 'buy' for Meesho
Sensex Today | Stock Market LIVE Updates: The Nifty though, dragged by HDFC Bank and IT on Tuesday, would be hopeful that both put their hand up and enable a breakout for the index as well. A factor that bulls will take heart from is that Reliance Industries snapped a nine-day losing streak on Tuesday and if that rebounds from lower levels, it will be a big boost to the index.
How China's electronics giant Huawei plans to take on its rivals with a chip design breakthrough
China's electronics giant Huawei is pioneering a new chip design approach. This method focuses on reducing signal transmission time instead of shrinking transistors. The company aims to boost performance and energy efficiency. This innovation could help Huawei bypass US sanctions. High-end chips are expected by 2031. This marks a significant shift in chip development.
Mukesh Ambani draws zero salary again: India's richest man forgoes paycheck for 6th straight year
Reliance Industries Chairman Mukesh Ambani did not take any salary in FY26, continuing a six-year trend. Reliance reported strong annual revenue growth despite profit decline in Q4, while Ambani’s children and senior executives received commissions and remuneration.
Rs 10.9 lakh crore burden: Iran shock can take a load off India's back
Rising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast-tracking plans for ethanol adoption and commercial vehicle electrification to reduce dependence on imported crude and support the rupee. With crude imports estimated to cost Rs 10.9 lakh crore in FY26, policymakers are treating energy transition as an economic and strategic priority rather than only an environmental goal.
Gautam Adani is overhauling his conglomerate, from Apple-style vendors to less hierarchy and more talent grooming
The ports-to-renewable energy conglomerate is aggressively developing a third-party vendor ecosystem to take over manufacturing, logistics, engineering and other functions.