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Solar module cos flag cell shortage; makers say demand can be met this year
Solar module makers face challenges with local cell sourcing rules. They report a significant gap between module manufacturing capacity and domestic cell availability. While module capacity stands at 225 GW, domestic cell capacity is only around 30 GW. Cell manufacturers counter that current demand is met and future capacity will suffice.
'Looks overpriced': Valuation expert Damodaran puts SpaceX worth well below $1.8 trillion
In a detailed post on X, the New York University professor said the IPO prospectus largely confirmed his earlier assessment of SpaceX as a high-growth but money-losing company whose valuation is driven more by its future narrative than its current financial statements.
Varroc Engineering forms strategic partnership with Suzhou Tolyy Optronics
The collaboration combines Tolyy's display engineering and technology expertise with Varroc's manufacturing capabilities and OEM relationships, enabling localization of advanced display solutions, strengthening the Company's digital cockpit product portfolio, enhancing competitiveness in domestic and global markets and supporting future growth opportunities across passenger and commercial vehicle segments.
Premiumisation, digital push, and India’s consumption story: Inside HUL’s growth blueprint
Hindustan Unilever Ltd remains optimistic about India's future growth. The company is focusing on increasing consumption, premium products, and digital advancements. Despite current economic hurdles, HUL is investing in its business to serve consumers better. India's young population, growing per capita consumption, and digital transformation are key drivers for this positive outlook.
Sebi mulls allowing InvITs to add road expenses back into NDCF calculation
Market regulator Sebi on Monday proposed allowing InvITs to add payments made for major maintenance of road projects back into Net Distributable Cash Flow (NDCF) computation, capped at the amount funded by external debt. This mechanism should apply only to the 'Roads and Bridges' sector and requires strict unitholder approval. The proposal came after the Securities and Exchange Board of India (Sebi) received representation from the Bharat InvITs Association (BIA) regarding the treatment of debt availed by InvITs for incurring major maintenance expenses of road projects while calculating the NDCF. The industry association highlighted that although major maintenance (MM) expenses extend the road's life and enhance its quality, they cannot be capitalised under generally accepted accounting principles because they do not generate future economic benefits, such as extended concession periods or increased toll revenue. Since InvITs (infrastructure investment trusts) holding road projects
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.
TARC reports sharp FY26 income jump, swings to profit after loss in previous year
TARC Ltd saw a significant jump in income and turned profitable in the last fiscal year. This turnaround was fueled by the commencement of property handovers at its Tripundra project. The company also expanded its development footprint in Gurugram. TARC's CEO highlighted the strong performance and future focus on luxury projects.
Reliance operationalises clean energy giga complex; elevates national exchequer contribution to Rs 2,16,472 crore in FY26
Reliance Industries has launched its clean energy operations. The company commissioned solar module manufacturing and began advanced work on a battery storage giga-factory. Reliance also significantly increased its contributions to the national exchequer. Jio Platforms accelerated its research and development, filing numerous new patents. The company is focused on enabling India's energy and digital future.
RIL announces AGM date on June 19; updates on Jio IPO in focus
Reliance Industries Ltd will hold its 49th annual general meeting on June 19, 2026. The company reported strong revenue and growth in its consumer businesses for the fiscal year. Investors anticipate updates on Reliance Jio IPO and new energy ventures. The meeting will cover the company's future investment plans and retail expansion.
ONGC bets on gas-led growth as premium pricing boosts profitability
ONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantly, meeting rising domestic demand. Projects like Daman and KG-98/2 are expected to boost gas output. ONGC is also expanding its renewable energy portfolio and seeking cost savings. The company is strategically shifting towards gas.
Global power equations to shift further towards energy, critical minerals: Former Vedanta Group CEO
Global power is shifting towards energy security and resource control. Geopolitical tensions are reshaping industrial supply chains. Critical minerals are becoming as vital as oil was. Countries controlling these resources will gain leverage. India must accelerate domestic exploration and build processing ecosystems. Future economic strength depends on securing energy and critical minerals.
Supreme Court sets aside CCI’s ₹202 crore penalty on Amazon in Future Coupons case
The top court has ordered the refund of any amount deposited with interest, overturning the regulator’s action over Amazon’s 2019 Future Coupons investment and disclosure allegations.