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Govt targets solar, hydrogen components to cut import dependence
India is boosting domestic manufacturing across solar, green hydrogen, and wind energy sectors to curb import reliance. Key focus areas include solar inverters, electrodes, catalysts, bipolar plates, and polysilicon. This strategic move aims to strengthen the supply chain for critical components, addressing current import dependencies and fostering long-term cost competitiveness for India's burgeoning renewable energy industry.
Bharti Airtel Trumps Reliance Jio In May Subscriber Additions, Trai Data Shows
Airtel led the growth in subscriber base with net addition of 29.8 lakh subscribers over the month of April, comprising 29.26 lakh in the mobile segment and 53,809 in fixed line connection segment.
Airtel outpaces Jio in May wireless user gains; adds 2.93 million subscribers
Bharti Airtel surged ahead in subscriber additions during May, welcoming nearly 2.93 million new users, surpassing Reliance Jio's 2.15 million. Despite this, Jio maintains its market dominance with a 39.27% share. Vodafone Idea saw a slight uptick, while BSNL experienced a subscriber decline. India's overall wireless base expanded to 1.294 billion, indicating continued sector growth.
Sebi seeks clarification from Jio Platforms on IPO filing
India's capital markets regulator Sebi has requested clarifications from Jio Platforms regarding its draft IPO papers. This move signals a crucial step towards what is anticipated to be the nation's largest public offering, aiming to raise approximately Rs 35,000 crore. The company plans to utilize these funds primarily for debt repayment and future expansion, marking a significant value-creation milestone for Reliance Industries.
Nuvama expects near double-digit growth in FMCG despite weak monsoon concerns
Abneesh Roy, Executive Director at Nuvama Institutional Equities, expects paint companies to sustain double-digit revenue growth despite lower crude prices. He sees Reliance's Campa Cola as a formidable long-term competitor in the consumer space and remains positive on Trent due to improving valuations and strong growth potential.
Jio Platforms IPO: Why Meta and Alphabet aren’t cashing out in India’s biggest IPO
Reliance Industries has already announced plans to invest ₹10 lakh crore in building multi-gigawatt-scale AI-ready data centres, describing the initiative as a step towards creating a "sustainable, high-performance computer backbone" for India, and Jio would play a key role in this project.
Reliance Industries share price to be in focus on Thursday. Here's why - Mint
Reliance Industries share price to be in focus on Thursday. Here's whyMint
Stocks to Watch for June 25: Bharti Airtel, IRFC, RIL, HCL Tech and more
IRFC, HCLTech, Reliance Industries, Bharat Forge and other stocks will be on investors' radar on Thursday, June 25, following a series of corporate announcements and strategic developments.
RIL, BEL, Lenskart, Delhivery among Motilal Oswal's top monthly picks
Top monthly stock picks by Motilal Oswal Wealth Management Research Desk: Analysts are bullish on Reliance, Bharat Electronics, ACME Solar, Delhivery, Gokaldas Exports and Lenskart.
Banks boost renewable energy credit by 7% in April amid energy security concerns
Banks are boosting credit to renewable energy projects, with a 7% jump in April, as global conflicts highlight India's reliance on oil. This surge in funding for green energy underscores the nation's commitment to energy transition. Experts note a growing demand for climate finance, urging banks to develop specialized underwriting for sunrise sectors like solar and green hydrogen, which are poised for significant growth.
Govt eyes fast-tracking local production of high-end medical devices
India is planning to boost local manufacturing of around 10 high-value medical devices, including MRI systems and pacemakers, to curb reliance on expensive imports. Industry consultations with the government are underway to identify key product categories for accelerated development. This initiative aims to address a significant rise in medical device imports, with potential policy support including tariff reviews and subsidies.
REITs' leasable area to rise 30% by FY28, credit profiles to remain healthy
India's listed office REITs are poised for significant expansion, with leasable space projected to grow by 40-45 million sq ft by 2027-28. This growth, fueled by new listings and acquisitions, coupled with strong rental income and stable occupancy, will bolster credit profiles. Despite reliance on debt for future acquisitions, leverage is expected to remain controlled, ensuring a robust sector.