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World Bank Group commits $890 million to promote solar rooftop project in India
The World Bank committed USD 890 million for India's solar rooftop initiative. This funding aims to bring clean energy to millions of homes nationwide. The program will also create significant job opportunities across the renewable energy sector. India seeks to achieve net zero emissions by 2070 and increase non-fossil fuels. This support will help scale residential solar and reduce household electricity costs.
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.
Prime Offices Fund closes first round at Rs 4,000 crore, commits 45% of capital
Prime Offices Fund has successfully raised Rs 4,000 crore in its initial funding round. The fund has already committed nearly half its capital to acquire three office properties. This expanded corpus reflects strong investor demand for Indian commercial real estate opportunities. The fund's portfolio now spans approximately four million square feet of office space. It houses over seventy occupiers, including many Global Capability Centres.
'US Committed To Muzzling Its Pets In Tel Aviv': Iran's Araghchi Hits Out At Israel
The Iranian Foreign Minister was responding to a statement by Katz.
Coal India to invest $201 million in research and development by fiscal 2030
Coal India is set to invest a substantial 19 billion rupees in research and development by 2030, focusing on clean coal, net-zero technologies, and mineral recovery. The state-run miner has already committed significant funds to Indian Institutes of Technology and is overseeing numerous R&D projects. This strategic investment marks a fourfold increase in R&D expenditure for fiscal year 2025, signaling a strong commitment to innovation.
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.
Foxconn infuses Rs 351 crore into India arm
In a substantial development, Taiwanese electronics powerhouse Foxconn has committed an impressive USD 37.2 million (around Rs 351 crore) to its Indian subsidiary, Foxconn Hon Hai Technology India Mega Development Private Limited.
Stainless steel sector MSMEs flag import surge, urges govt to reintroduce quality control order
Indian stainless steel MSMEs are urging the government to reinstate a quality control order after its suspension led to a surge in cheap Chinese imports. Industry bodies report a 65% year-on-year jump in imports, threatening domestic jobs and investments. Manufacturers claim these imports enter at predatory prices, undermining local businesses committed to quality and 'Make in India' principles.
India-US share a strong and growing economic partnership, says Union Minister Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal has said that India and the United States share a strong and growing economic partnership. Mr Goyal met United States Trade Representative Jamieson Greer and US Ambassador to India Sergio Gor in New Delhi yesterday. The Minister said that productive discussions were held on advancing negotiations towards a balanced and mutually beneficial trade agreement, in line with the Joint Statement of 7th of February. He added, India remains committed to working constructively with the United States to further deepen economic ties and create new opportunities for growth and innovation.
Ethanol blending programme safe, use of E20 won't affect vehicle insurance validity: Govt
India's ethanol blending program is safe and beneficial, the government assures, dispelling fears about E20 fuel invalidating vehicle insurance. This globally accepted practice, seen in countries like Brazil, has saved India over Rs 1.4 lakh crore in foreign exchange and boosted farmers' incomes. The initiative enhances energy security, cuts emissions, and supports cleaner mobility, with the government committed to its safe and transparent implementation.