Market News
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Indian companies willing to deepen presence in Venezuela, says Minister Hardeep Singh Puri
India is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This move is part of India's strategy to diversify energy sources amid disruptions to global oil supplies caused by the West Asia conflict. Venezuela's vast oil reserves make it a key player in India's efforts to secure stable crude supplies.
INR regains momentum with all eyes on RBI monetary policy
The Indian rupee is regaining some momentum in opening trades on Friday as the global crude oil prices eased and market participants keenly awaited the RBI's MPC decision today. Heightened geopolitical tensions between the US and Iran drove energy volatility and aggressive safe-haven buying capped sharp gains in the local unit. INR opened at Rs 95.72 per dollar and hit a high of 95.63 so far during the day. Yesterday, rupee depreciated 7 paise to close at 95.83 against the US dollar. Local markets opened in the green with investors closely watching the Reserve Bank of India (RBI) monetary policy announcement scheduled for today. The Indian benchmark indices are trading higher today, with the NIFTY 50 hovering around 23,442.30 (+0.11%) and the S&P BSE SENSEX trading at 74,556.68 (+0.26%).
Clean energy sector to add over 44 lakh jobs by 2030: Study
India's clean energy sector is set to generate over 44 lakh jobs by 2030. Rooftop solar will be the biggest job creator, accounting for nearly 43 percent of these positions. This growth aligns economic progress with sustainability goals. The nation ranks third globally in renewable energy capacity. Focus on skilling and inclusion is vital for quality livelihoods.
Inox Clean Energy buys Vena's India energy business for Rs 6,000 crore
Inox Clean Energy is acquiring Vena Energy India's 6 GW renewable energy portfolio. This deal significantly expands Inox Clean's operational and development pipeline. The company is building an integrated clean energy platform through strategic buyouts and greenfield investments. Inox Clean aims for 10 GW of renewable generation capacity and 11 GW of solar manufacturing by FY28.
INR settles lower as prolonged West Asia crisis poses a major risk for India; RBI eyed
The Indian rupee depreciated 7 paise to close at 95.83 (provisional) against the US dollar on Thursday, as heightened geopolitical tensions between the US and Iran drove energy volatility and aggressive safe-haven buying. The prolonged West Asia crisis poses a major risk for India, which relies heavily on energy imports. Market participants are now turning their attention to the Reserve Bank of India's MPC rate decision on June 5, as inflation, growth and the rupee are under focus. The six-member MPC, headed by RBI Governor Sanjay Malhotra, will announce its decision on June 5. Indian equity benchmarks ended flat but resilient today, recovering from early intraday losses. The NSE Nifty 50 closed marginally higher by 10.95 points (0.05%) at 23,416.55, while the BSE Sensex inched up 13.84 points (0.02%) to finish at 74,360.01. The primary catalysts for the market recovery were breaking news of potential tax concessions for foreign institutional investors (FIIs) and tentative signs of ..
Citi initiates coverage on 4 Indian power equipment stocks; sees up to 33% upside. Own any?
Citi Research initiated coverage on four Indian electrical equipment makers, seeing strong domestic transmission buildout and accelerating HVDC adoption as key growth drivers. The firm issued 'Buy' ratings on Hitachi Energy India, GE Vernova T&D India, and CG Power and Industrial Solutions, with a 'Neutral' call on Siemens Energy, citing significant OEM opportunities and export potential.
IEX gains after electricity volumes jumps 19% YoY in May'26
Indian Energy Exchange (IEX) advanced 1.58% to Rs 125.15 after the company announced that it has achieved monthly electricity volume of 12,983 MUs in May 2026, registering a growth of 18.6% YoY.
Citi CEO Jane Fraser explains what makes India stand out
Citi CEO Jane Fraser praised India’s focus on energy security, digitalisation and execution-led growth, highlighting the success of India Stack and the country’s renewable energy ambitions. Discussing global challenges, she noted that geopolitical tensions, trade disputes and economic imbalances remain key concerns. Fraser said the upcoming G7 discussions are likely to focus on diversification, stronger global partnerships and harnessing the opportunities of artificial intelligence.
Citi bets on electric equipment makers; picks Hitachi, GE Vernova, CG Power
Citi estimates that HVDC-related investments represent an opportunity of around ₹1.6 trillion as India works toward integrating 900 GW of renewable energy capacity by FY36.
Suzlon Energy shares rise 2% after firm announces foray into solar, battery storage businesses under 'Suzlon 2.0'
Suzlon Energy shares gained on Thursday after the company unveiled its ‘Suzlon 2.0’ strategy, expanding beyond wind energy into solar and battery storage solutions. The company aims to build a 15 GW order book by FY31, quadruple renewable energy sales and strengthen its position as a full-stack renewable energy player.
India's tougher grid rules unsettle investors, test clean energy ambitions
India's new power grid rules are causing concern among clean energy investors, who say stricter penalties for solar and wind projects would reduce returns. This comes as India aims to significantly expand its renewable energy capacity. Investors warn this could slow down the much-needed investment for the energy transition in the country.
Stocks in news: Rajesh Exports, Lenskart, Suzlon Energy, Aurobindo Pharma, Tata Motors
Indian markets saw volatility and closed lower on Wednesday. Key companies are in focus due to significant developments. SoftBank reduced its stake in Lenskart. Sebi issued an interim order against Rajesh Exports. Tata Motors revised its Avinya EV strategy. Suzlon Energy is diversifying into battery storage. RIL's subsidiary signed MoUs with the Haryana Government.