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Karnataka: Cabinet decides to oppose Tata Power’s entry into distribution biz
Karnataka government has instructed electricity supply companies to object to Tata Power's entry into the state's power distribution business. Chief Minister DK Shivakumar stated the government opposes private sector involvement in distribution, blaming the previous BJP regime for policy changes. Tata Power has applied for five licences, excluding Bengaluru, and Escoms will inform the regulator of the government's non-concurrence.
Adar Poonawalla Family Office invests ₹700 crore in Inox Clean Energy at ₹70,000 crore valuation
The renewable energy company will use the fresh funds to expand projects, boost manufacturing and pursue more acquisitions after completing 10 deals in the past 10 months.
Cracks in cola kingdom: India's duopoly faces biggest test in decades
India's cola market is undergoing a significant transformation, moving beyond the traditional Coca-Cola vs. PepsiCo rivalry. Reliance's Campa revival ignited a price war, while ITC's new premium, sugar-free coconut cola signals a shift towards health, premiumization, and niche offerings. This evolving landscape caters to health-conscious consumers seeking alternatives, indicating a more dynamic and diversified future for the Indian beverage sector.
Coal India's SECL strengthens monsoon measures for uninterrupted supply
SECL, a Coal India subsidiary, has implemented robust monsoon preparedness to ensure uninterrupted coal supplies crucial for India's energy security. The company achieved its best-ever first-quarter performance in production and offtake, with a significant portion directed to power utilities. SECL's extensive operations across Chhattisgarh and Madhya Pradesh underscore its vital role in meeting national energy demands.
Blinkit to remain undisputed market leader despite Amazon, Flipkart's QC entry, says Anand Rathi, sees 43% upside
Despite concerns over Amazon and Flipkart intensifying competition in India's quick commerce market, Anand Rathi believes Blinkit remains the clear market leader due to its scale, strong customer retention and limited reliance on heavy discounts. The brokerage has reiterated its 'Buy' rating on Eternal with a target price of Rs 400.
Adani takes on Birla, Vedanta with $11.5 billion aluminium bet
The proposed 2 mtpa plant in Odisha would also help India reduce its reliance on imported aluminium, a light-weight metal that is increasingly used in electric vehicles
Japan To Deepen Strategic Co-Operation With India; Takaichi Says Ties Important To Address Issues
The two sides also unveiled a joint roadmap on economic security covering energy, semiconductors and resilient supply chains, while agreeing to co-develop defence technologies and issue a joint statement on artificial intelligence.
Capricorn Energy shares hit decade high as Genel Energy seals $360 mln deal - Investing.com India
Capricorn Energy shares hit decade high as Genel Energy seals $360 mln dealInvesting.com India
Petronet LNG Ltd drops for fifth straight session
Petronet LNG Ltd is quoting at Rs 276.75, down 0.84% on the day as on 13:19 IST on the NSE. The stock tumbled 8.03% in last one year as compared to a 4.93% slide in NIFTY and a 9.07% spurt in the Nifty Energy index.
Adani Energy Solutions Ltd gains for third straight session
Adani Energy Solutions Ltd is quoting at Rs 1541.8, up 1.34% on the day as on 12:49 IST on the NSE. The stock is up 76.16% in last one year as compared to a 5.02% slide in NIFTY and a 9.03% slide in the Nifty Energy index.
Indian Oil Corporation Ltd spurts 1.49%
Indian Oil Corporation Ltd is quoting at Rs 141.92, up 1.49% on the day as on 12:49 IST on the NSE. The stock is down 4.02% in last one year as compared to a 5.02% drop in NIFTY and a 9.03% drop in the Nifty Energy index.
Nava Ltd soars 1.62%, rises for third straight session
Nava Ltd is quoting at Rs 622.8, up 1.62% on the day as on 12:49 IST on the NSE. The stock is up 1.52% in last one year as compared to a 5.02% gain in NIFTY and a 9.03% gain in the Nifty Energy index.