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Suzlon Group appoints Ashok Ramachandran as President, India Business
Suzlon Group has appointed Ashok Ramchandran as President, India Business on Monday. He brings over two decades of global leadership experience. Ramchandran will focus on strengthening Suzlon's market leadership. His expertise will aid the company's transition to a wind-first renewable energy firm. This appointment is crucial for Suzlon's growth strategy.
Suzlon Energy appoints Ashok Ramachandran as President - India Business
Ashok is widely recognized for driving execution-led transformation at scale across complex, high-growth industries. As Chief Operating Officer and board member at JSW, he played a key role in shaping the company's long-term growth strategy, helping accelerate its capacity journey from nearly 5 GW to 30 GW in close to 3 years.
Rolls-Royce eyes India engine MRO facility, explores aero gas turbine complex and SMR opportunities
Rolls-Royce plans to build an engine maintenance facility in India. The company also proposes an aero gas turbine complex for indigenous military engine development. This move supports India's growing aviation sector and future defense programs. Rolls-Royce is also exploring opportunities in India's nuclear energy sector. Significant investment and job creation are anticipated if these plans materialize.
Adani Green Energy commissions 50 MW solar plant in Gujarat’s Khavda
Adani Green Energy has commissioned a 50 MW solar power project at Khavda in Gujarat, taking its total operational renewable energy capacity to 19,835.8 MW.
Avaada Group secures $950 million financing from consortium of global and domestic banks
Avaada Group has achieved financial closure for its Firm and Dispatchable Renewable Energy (FDRE) project in Bikaner, Rajasthan, calling it India’s largest financing transaction in the FDRE segment. The company has also secured debt financing for two 300 MW solar projects in Rajasthan and Gujarat, taking total debt sanctions across the three projects to nearly $950 million.
Suzlon Energy share price extends losses for second straight session. Details here
Suzlon Energy share price dropped nearly 5% after SEBI imposed penalties of around ₹29 crore for financial reporting violations. The regulator found multiple infractions by the company and former executives, stemming from a 2019 anonymous tip that initiated a detailed investigation.
ATF prices for international airlines slashed 27%; domestic rates unchanged
International airlines see a significant 27 percent cut in jet fuel prices. Domestic carriers, however, continue to pay unchanged rates. Commercial LPG prices have reached record highs. Household LPG and fuel prices for petrol and diesel remain steady. These revisions reflect monthly price reviews by state-owned oil companies amidst global energy market shifts.
Volumes spurt at Lloyds Metals & Energy Ltd counter
Lloyds Metals & Energy Ltd registered volume of 9.23 lakh shares by 10:46 IST on BSE, a 31.16 fold spurt over two-week average daily volume of 29633 shares
Adani Power, Adani Ports to Adani Total Gas: Adani group stocks tank up to 4%. Details here
Adani Group stocks fell up to 4% in Monday's trading session after the group came under scrutiny from US authorities over alleged bribery related to its renewable energy operations.
Dipan Mehta sees long-term opportunity in PG Electroplast, Kitex and power plays
Dipan Mehta, Director of Elixir Equities, says India’s air-conditioner outsourcing story remains a strong long-term opportunity, with companies like PG Electroplast and Amber benefiting from rising demand and scale advantages. He is also positive on power transmission players linked to renewable energy growth, sees export opportunities emerging from rupee depreciation, and expects textiles and select pharma names to deliver strong growth despite near-term market volatility.
India can weather crude shock, modest RBI rate hikes likely: DBS Group’s Taimur Baig
Taimur Baig, Managing Director and Chief Economist at DBS Group Research expects gradual currency adjustment and modest RBI rate hikes ahead, while warning against disorderly moves. Baig also highlights the resilience of the US economy despite trade and energy shocks, and says AI-driven infrastructure spending is creating long-term productive capacity despite concerns over imports.
Suzlon Energy shares fall over 2% after SEBI fines Rs 29 crore for misleading financial statements
Suzlon Energy shares 2% dipped after Sebi imposed nearly Rs 29 crore in penalties on the company and former executives for misrepresenting financial positions. The regulator found inflated profits and inadequate disclosures stemming from transactions involving subsidiaries, impacting the company's reported net worth and financial health.