Market News
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Sagar Adani urges faster electrification, energy storage
Adani was speaking at the inaugural Adani Green Energy Dialogue during London Climate Action Week at the Science Museum. "Renewable energy reaches its full potential when paired with storage technologies such as Battery Energy Storage Systems (BESS) and Pumped Storage Projects (PSPs)," he said.
Persistent Systems announces business combination agreement with Nagarro
Persistent Systems to acquire Nagarro SE for EUR 81 per share, forming Persistent - Nagarro Group, a 2.9 billion dollar AI-led digital engineering firm, deal closing by early 2027
India's AI infrastructure opportunity is being underestimated, says Abhay Laijawala
Abhay Laijawala, MD & CIO-India at Lighthouse Canton, believes key concerns weighing on India—including oil prices, currency stability and the perception that India lacks an AI story—are turning into tailwinds. He argues investors are overlooking India's role in the global AI infrastructure buildout, spanning data centres, power, cooling systems and capital goods. Laijawala is positive on engineering, capital goods and textiles, while remaining cautious on consumer staples due to El Niño risks.
Kirloskar Oil Engines wins 192 MW power order for AI data centre
Kirloskar Oil Engines Limited (KOEL) has won a 192 MW power systems order from HyperNext to support a large AI-enabled data centre project in India. The deployment includes 96 units of its Optiprime Dual Core systems, which will provide backup power for hyperscale cloud and AI infrastructure. The project is aimed at building resilient, energy-efficient digital infrastructure to meet rising demand from artificial intelligence and cloud computing workloads.
KPI Green Energy incorporates WoS named KPCG One
The Company has been incorporated with the object of generating, storing, transmitting, distributing, purchasing, selling and supplying electricity and other forms of energy from conventional and renewable sources, including solar, wind, hydro, biomass and thermal energy, and of establishing, owning, developing, operating and maintaining power plants and energy storage systems, and undertaking activities incidental thereto.
NTPC installs 5 GWh battery storage at coal plants in Rs 5,000 crore push to cut renewable curtailment
NTPC is installing 5 gigawatt-hours of battery storage at its coal power plants. This initiative aims to reduce renewable energy that goes unused. The investment is around 5,000 crore rupees. These battery systems will absorb excess solar and wind power. The Central Electricity Regulatory Commission has approved a tariff structure for these projects.
Stocks to Watch today: RVNL, HFCL, Gujrat Gas, Hudco, Lupin, Hexware Tech
Stock to Watch today, June 18: ZF Commercial Vehicle Control Systems India, Lemon Tree Hotels, Anik Industries, and Balkrishna Industries are among the top stocks to remain in focus
Market Trading Guide: Titagarh Rail among 2 stock recommendations for Thursday
Indian equities extended their recovery amid easing US-Iran tensions and softer crude prices. Analysts recommended Titagarh Rail Systems and Engineers India, citing bullish technical patterns, strong momentum, improving volumes and favorable positioning above key moving averages for potential near-term gains.
K2 Infragen bags Rs 158.58 crore railway electrification order from Konkan Railway
In a landmark achievement, K2 Infragen Ltd has been awarded a prestigious contract worth Rs 158.58 crore by Konkan Railway Corporation Ltd. The undertaking will overhaul railway electrification infrastructure throughout vital areas of the North Western Railway. The scope of work includes the comprehensive design, provision, installation, testing, and commissioning of advanced electric traction systems.
Centre urges states to accelerate nuclear power plants and green energy storage
India is accelerating approvals for nuclear power plants and energy storage systems. This push is vital for the nation's growing data and AI centers. States are being urged to speed up clearances for proposed projects. The goal is to ensure a robust energy supply for future power needs. This initiative aims to enhance energy security across the country.
Government scraps licensing rule for vehicle safety technology
India has taken a bold step by deregulating key radio frequencies, paving the way for innovative advancements in self-driving and collision-avoidance technologies in vehicles. Car manufacturers are now empowered to integrate cutting-edge global safety technologies, significantly enhancing road safety. Additionally, a novel framework is on the horizon for vehicle communication, designed to optimize traffic management and smarter transportation systems.