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Avaada secures $950 million from global, domestic Banks
Avaada Group has achieved a major milestone. The company announced financial closure for its firm and dispatchable renewable energy project in Bikaner. This marks India's largest fundraise in the segment. Avaada also secured debt financing for two 300 MW solar power projects in Rajasthan and Gujarat.
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.
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.
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.
Q4 results today: Asian Paints, IndiGo, IREDA, Glenmark Pharma - 131 companies to announce earnings on 29 May
A total of 131 companies are slated to announce Q4 results on May 29, including Asian Paints and IndiGo. Analysts predict weak performance for Asian Paints due to urban demand issues, while NMDC's results may reveal vital industry insights on iron ore prices and demand trends.
Stocks to Watch today: RIL, Lupin, Wipro, Asian Paints, Ireda,Tata Elxsi
Stocks to Watch today, May 29, 2026: Ashok Leyland, Alkem Laboratories, PhysicsWallah, GMR Airports, InterGlobe Aviation, NMDC, and Glenmark Pharma are among the top stocks to remain in focus today
Coal India OFS gets good demand amid green energy risks
Coal India's offer for sale opens for retail investors amidst a conflicting investment narrative. While the state-owned miner boasts strong financials and a consistent dividend track record, concerns over its long-term prospects due to the global shift towards renewable energy persist. Non-retail investors showed strong demand, subscribing 8.14 times on the first day.
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.
World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEA
The world faces an unprecedented energy security crisis, forcing nations to seek new supply routes and boost domestic production. The International Energy Agency warns this will reshape global investment, mirroring the 1970s oil shocks. While renewables and nuclear power see growth, natural gas and even coal are experiencing a resurgence amid fears of supply disruptions.
Indian banks more exposed to West Asia crisis among APAC region: Moody's
Indian banks face significant exposure due to energy import reliance. Higher fuel costs will strain consumers and businesses, increasing credit stress. Non-bank lenders with unsecured retail loans are particularly vulnerable. Despite these pressures, Indian banks possess strong capital buffers.
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.
Top Gainers & Losers on May 27: JP Power Ventures, Adani Total Gas, HFCL, Swiggy, Suzlon Energy among top gainers
On May 27, the Indian stock market showed little movement amidst US-Iran conflict uncertainty. The Nifty 50 closed down 0.03%, and the Sensex fell 0.19%. Sector performance varied, with Nifty Media rising 3% and Nifty Private Bank among the top decliners.