TIMES GREEN ENERGY INDIA LTD Q2 RESULTS
Fermi IPO: FRMI initial public offering on Nasdaq. What do we know?
Fermi IPO on Nasdaq under symbol FRMI. It has been a busy IPO season for the US Stock Market.
IESA hails GST 2.0, terms it a step forward to meet India's energy storage needs
India Energy Storage Alliance welcomes the new GST 2.0. It sees it as a significant step for India's energy storage needs. The GST Council has accepted key IESA recommendations. It streamlines tax rates for advanced batteries to 18 percent. Some recommendations are still under review. IESA advocates for continued engagement to support domestic manufacturing and clean energy transition.
India revokes grid access for 17 GW of clean energy projects, says source
India has cancelled grid access for 17 GW of delayed clean energy projects, prioritizing operational and near-completion projects amidst surging power demand. This action, impacting companies like Adani Green and ReNew Power, aims to streamline grid rules and ensure uninterrupted electricity supply. The country is striving to achieve its ambitious 500 GW non-fossil fuel target by 2030.
SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
SpiceJet Share Price: SpiceJet reported a net loss of Rupees 234 crore in the first quarter of fiscal year 2026. This is a reversal from last year's profit. Revenue also declined significantly. Geopolitical issues and aircraft delays impacted performance. Passenger revenue and load factor remained relatively stable. The airline's net worth improved due to financial restructuring.
NTPC Green Energy shares in focus after MoU to set up hydrogen fuel station at VOC Port
NTPC Green Energy partners with V.O. Chidambaranar Port Authority to establish a green hydrogen fueling station and deploy hydrogen-powered trucks, promoting green energy technologies and decarbonization. The company's financial performance shows a strong increase in net profit and sales. Technically, the stock exhibits mixed signals, trading below longer-term moving averages but above shorter-term ones.
Adani Group looks to invest USD 60 bn in power, RE sectors till FY32
Adani Group plans to invest approximately USD 60 billion in the power sector by FY32, with a significant focus on renewable energy expansion. The group aims to increase its renewable energy capacity to 50 GW by FY30, investing USD 17 billion in transmission and distribution capabilities. Adani Power will invest USD 22 billion to reach a 41.
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Is repeating the same breakfast every day healthy? Dietitians explain
Having the same breakfast every morning can simplify your routines, reduce decision challenges, and offer a consistent, balanced beginning to your day. Dietitians cite that a consistent meal having protein, fiber, and healthy fats aids sustained energy. But, repetition can result in boredom and restrict nutrient variety.
Vietnam's Vingroup looking to enter various biz segments in India: VinFast Asia CEO
Vingroup plans expansion into India. The company will explore hospitality, green energy, and automotive sectors. Vingroup aims to build smart cities on large land parcels. VinFast introduced electric vehicle models VF 6 and VF 7. E-buses and electric two-wheelers are also in development. Production capacity in Tamil Nadu will increase. The company will expand its dealer network and charging stations.
Earnings recovery to drive market momentum: Mayuresh Joshi
Indian equity markets saw a 1% gain but stayed below 25,000, prompting analysis of underlying trends. GST rationalization is expected to boost volumes and margins from Q3, benefiting India Inc. Metals led sectoral gains, supported by potential US rate cuts and improved India-China ties. Despite positive indicators, markets remain cautious, awaiting earnings reset and resolution on US tariffs.
Bhutan, India ink 570 MW Wangchhu hydropower project deal
Bhutan's Prime Minister Tshering Tobgay hailed the Wangchhu Hydropower Project agreement with Adani Power Ltd. as a historic step in Bhutan-India's clean energy collaboration. During his India visit, which included diplomatic meetings and spiritual engagements, he met with EAM S Jaishankar, reaffirming the strong partnership between the two nations.
India’s first port-based green hydrogen pilot project begins production
Sarbananda Sonowal launched India's first Green Hydrogen Pilot Project at V.O. Chidambaranar Port. The project will power streetlights and an EV charging station. VOC Port is now the first in India to produce green hydrogen. India aims to be a top shipbuilding nation by 2030 and among the top five by 2047.
India, Singapore unveil road to jointly navigate global challenges
India and Singapore are strengthening ties. Both countries are expanding their strategic partnership. They are focusing on trade, manufacturing, and technology. Agreements are signed for aviation, skills, and green shipping. Both countries will cooperate on digital assets and infrastructure. They will also focus on security and counter-terrorism. Narendra Modi and Lawrence Wong express commitment to the partnership.
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Beverages has entered into a joint venture with Everest International Holdings, forming White Peak Refrigeration. VBL holds a 50% stake in the venture, which will focus on manufacturing visi-coolers and other refrigeration equipment. The company has invested ₹21.25 crore, acquiring 2,12,50,000 equity shares in White Peak Refrigeration Pvt Ltd.
How will the recent GST changes affect different sectors of the economy?
GST slab rationalization is set to spur consumption and economic growth. Automobile, cement, and consumer goods sectors are likely to benefit. Two-wheeler makers with higher than 350 cc bikes may face negative impact. Retail-focused lenders could see improved credit demand. Renewable energy companies may gain from GST reduction on solar cells.
Clean energy projects installations to get cheaper due to lower tax on devices
India reduces GST on renewable energy devices. The GST Council approved the rate cut to promote green power adoption. Fuel cell vehicles and solar cookers also see reduced duties. The new rates take effect from September 22. Industry leaders expect lower project costs and increased investment. This move supports India's renewable energy targets and sustainable future.
Adani Green, Waaree Energies and other renewable energy stocks in focus as GST cut to 5% from 12%
Renewable energy stocks like Adani Green, Tata Power, NTPC, and Waaree Energies in focus after the GST Council cut tax on solar, wind, biogas, and other clean energy devices and parts to 5% from 12%, lowering costs for developers and boosting green transition.
KP Group partners with AHES, GH2 Solar to set up green ammonia plant in India
KP Group is collaborating with AHES and GH2 for green ammonia production. The facility will be in India with 100,000 metric tons capacity annually. KPI Green Hydrogen & Ammonia Pvt Ltd, AHES Co Ltd, and GH2 Solar Ltd signed a MoU. AHES and GH2 will arrange offtake agreements.
Inox Green signs O&M agreements for solar projects of 189.1 MWp
According to a company statement, the pacts include 96.6 MWp with a global PE-backed Independent Power Producer (IPP) for their projects located in Maharashtra and 92.5 MWp with an IPP for their projects located in Gujarat and Madhya Pradesh. With these additions, Inox Green's solar O&M portfolio has touched 1.8 GW, taking the total renewable O&M portfolio to 5.3 GW, the statement added.
Rooftop solar can deliver significant electricity cost savings for 3.3 lakh Indian SMEs: Study
A study by WRI India highlights the need for SME clusters to adopt rooftop solar solutions to reduce high electricity bills.
About 83% green energy switch funded domestically, need to unlock international finance: WRI India CEO
WRI India emphasizes the need to unlock international finance for India's green energy transition, as domestic funding covers 83% of the costs. Sectors like green steel and aviation require foreign investment to meet climate goals. The organization signed MoUs to accelerate clean energy adoption and electric mobility, urging MSMEs to embrace resilience and green skilling.
Gadkari calls for need-based research on green hydrogen to make it economically viable
Nitin Gadkari emphasized green hydrogen's potential to revolutionize transport, pharmaceuticals, and steel industries, aiming to reduce fuel costs and transform India into an energy exporter. He highlighted upcoming trials for green hydrogen trucks and the possibility of using municipal waste for cheap hydrogen production.
Ambani’s Reliance a big gainer from China’s push to curb price wars, Morgan Stanley says
Reliance Industries is poised to significantly benefit from China's efforts to curb overcapacity in key sectors and its own internal restructuring. Morgan Stanley highlights that Reliance's strategic moves in solar energy and consumer businesses, coupled with China's 'anti-involution' policies, could substantially boost its earnings and net asset value.
Rs 2.4 lakh crore wiped out from Mukesh Ambani stocks in 1 year. Can Reliance drive the comeback?
Mukesh Ambani's ten companies collectively experienced a market value erosion of nearly Rs 2.4 lakh crore in the past year, with Reliance Industries leading the decline. Despite this downturn, brokerages remain optimistic about Reliance's long-term prospects in telecom, new energy, and AI, while concerns linger regarding the Jio IPO and its potential benefits for RIL shareholders.
ETMarkets Smart Talk: Indian bonds to gain global standing after rating upgrade, says Kashyap Javeri
Emkay Investment Managers' Kashyap Javeri believes India's sovereign rating upgrade and inclusion in global bond indices will attract significant foreign portfolio inflows, enhancing its standing among emerging markets. While short-term allocations depend on global factors, sectors with export exposure and companies benefiting from lower capital costs stand to gain. Automobile, CDMO Pharma, and capital goods sectors present exciting investment opportunities.
Adani Green Energy operationalises 125-megawatt project in Gujarat
Adani Green Energy Ltd (AGEL) announced on Monday the operationalization of a 125-megawatt solar power project in Khavda, Gujarat, through its subsidiary, Adani Renewable Energy Fifty Six Limited. This addition elevates AGEL's total operational renewable generation capacity to an impressive 15,990.5 MW, reinforcing the company's commitment to expanding its green energy footprint in India.
Greenzo bags Jindal Stainless order for 472-tonne green hydrogen plant in Odisha
Greenzo Energy will establish a green hydrogen electrolyser project for Jindal Stainless in Odisha. The project is expected to be completed in seven months. The plant will produce green hydrogen for stainless steel production. This will help Jindal Stainless reduce its carbon footprint. Greenzo will also provide training and operational support.
GH2 Solar announces foray into electrolysers, manufacturing with initial Rs 400 cr investment
GH2 Solar has ventured into electrolyser manufacturing with an initial investment of Rs 400 crore, including funds from investors, to produce green hydrogen. The company is establishing a manufacturing facility in Gwalior in collaboration with Advanced Hydrogen Energy Solutions (AHES) Ltd, targeting completion by 2026-end.
IOC's Project SPRINT starts to show results, company gains retail dominance
Indian Oil Corporation's Project SPRINT is yielding positive results, enhancing refinery performance and regaining fuel retail leadership. IOC is expanding refining capacity to 98.4 million tonnes by 2028 and its pipeline network to 22,000 km. The company is also investing significantly in petrochemicals and renewable energy to achieve net-zero emissions by 2046, allocating ₹1.66 lakh crore over five years.
Reliance bets big on green energy with mega solar, hydrogen moves
Reliance Industries is embarking on a comprehensive green energy strategy, aiming to establish the world's most integrated new energy ecosystem. RIL plans to significantly expand solar manufacturing, targeting 20 GW capacity, and focuses on green hydrogen production, aiming for large-scale production by 2032. The company envisions its new energy business rivaling its oil-to-chemicals sector within 5-7 years.
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