Business

[ad_1] India’s renewable energy sector has seen remarkable growth over the past decade, with installed green energy capacity surging to 232 GW from 75.52 GW in March 2014, .This threefold increase signifies the country's emergence as a global leader in clean energy. Notably, solar power has driven much of this transformation. Solar energy capacity has grown exponentially from just 2.82 GW in 2014 to over 108 GW in 2024.Wind energy capacity has also more than doubled, rising from 21 GW to 51 GW over the same period. Large hydro power plants also contributed to this growth.Tariffs for solar power have dropped by 80 per cent over the decade, with current rates as low as Rs 10.95 per unit at Neemuch, significantly boosting affordability and adoption.India’s solar manufacturing capabilities have similarly expanded. In 2014, solar module production capacity stood at a […]

[ad_1] The jute industry is pinning its hopes on the upcoming Expert Committee on Jute (ECJ) meeting, scheduled for June 3 in Kolkata, as it grapples with high raw jute prices, delayed crop arrivals, and tight supply conditions.The ECJ, under the Ministry of Textiles, will review the raw jute and mesta supply-demand situation for 2024–25 and also assess prospects for the 2025–26 crop. The meeting will bring together officials from the Jute Division, National Jute Board, Ministry of Agriculture, and other key stakeholders.While official estimates suggest there should be adequate availability—73 lakh bales of production, 5 lakh bales of imports, and 23 lakh bales of carryover stock—industry sources claim actual supplies are tight, largely due to hoarding. Jute mill officials said current annual consumption stands at approximately 70 to 72 lakh bales.“A delayed monsoon in key jute-growing areas like Murshidabad, […]

[ad_1] The primary market is set to witness heightened activity next week as four main-board initial public offerings (IPOs), including those from Schloss Bangalore Ltd and Aegis Vopak Terminals, are scheduled to hit Dalal Street, collectively aiming to raise over Rs 6,600 crore.Alongside Schloss Bangalore and Aegis Vopak Terminals, IPOs of Prostar Info Systems and Scoda Tubes are also lined up for launch. In addition, the equity markets will see the listing of two recently concluded public issues – Borana Weaves and Belrise Industries – on May 28 and May 29, respectively, PTI reported.The flurry of new offerings comes amid a broader slowdown in fresh listings. So far in 2025, only 12 companies have floated IPOs, attributed largely to market volatility stemming from a mix of domestic and global economic factors.This marks a notable contrast to the robust IPO activity […]

[ad_1] India’s semiconductor design Global Capability Centers (GCCs) experienced a nearly 15% year-on-year decline in job openings during the financial year 2024-25, largely due to ongoing geopolitical uncertainties and global supply chain disruptions, according to a report by talent solutions provider Careernet.The report highlights that open positions in the sector peaked in May 2024 at 3,760 but steadily declined to 3,040 by January 2025, closing the fiscal year at 3,181 job openings in March 2025. This indicates a measured slowdown in hiring across India’s top 50 semiconductor design GCCs, PTI reported.Despite the moderation in overall hiring activity, demand for specialised skills in areas such as Very Large Scale Integration (VLSI), embedded systems, and RF/analogue design remained stable. The report noted that mid-sized GCCs demonstrated comparatively higher hiring agility in these niche segments.Semiconductor design, by nature, involves lower headcount compared to […]

[ad_1] National Securities Depository Ltd (NSDL), which is preparing for its initial public offering (IPO), reported a 4.77 per cent increase in consolidated net profit to Rs 83.3 crore for the quarter ended March 2025.The depository had posted a net profit of Rs 79.5 crore in the same period a year ago.Total income during the January–March quarter rose 9.94 per cent year-on-year to Rs 394 crore, compared to Rs 358 crore in the corresponding period of FY24, the company said in a statement.For the full financial year 2024–25, NSDL recorded a 24.57 per cent jump in net profit to Rs 343 crore. Its total income for the fiscal rose 12.41 per cent to Rs 1,535 crore.The board of directors has recommended a final dividend of Rs 2 per equity share for FY25, subject to shareholder approval.NSDL, which enables the holding […]

[ad_1] The overall market value of six out of India’s ten most valued companies fell by a staggering Rs 78,166.08 crore last week, as weak sentiment continued to weigh down equity markets.Reliance Industries saw the sharpest erosion in value, reflecting the downturn in benchmark indices.The BSE Sensex dropped by 609.51 points or 0.74%, while the Nifty declined by 166.65 points or 0.66% over the course of the week, dragging several big players into the red.Among the top losers were Reliance Industries, TCS, ICICI Bank, State Bank of India, Infosys and Hindustan Unilever.Reliance Industries' market capitalisation dropped by Rs 40,800.4 crore, bringing its total valuation down to Rs 19,30,339.56 crore. Tata Consultancy Services (TCS) also witnessed a notable decline of Rs 17,710.54 crore, ending the week with a valuation of Rs 12,71,395.95 crore.Infosys saw its market value dip by Rs 10,488.58 […]

[ad_1] Indian equities, over the upcoming week, are expected to be driven by a combination of domestic macroeconomic data, global cues, and foreign investor activity, analysts said.Equity benchmarks ended the previous week on a muted note, weighed down by ongoing global uncertainties. The BSE Sensex fell 609.51 points or 0.74%, while the NSE Nifty declined 166.65 points or 0.66%.Ajit Mishra, senior vice president of research at Religare Broking Ltd said that subdued performance was driven by a combination of global and domestic factors. “On the global front, rising US bond yields and concerns over the United States' mounting debt burden triggered foreign portfolio outflows, putting pressure on emerging markets, including India,” Mishra told PTI.In the upcoming week, investors will be closely tracking the release of key macroeconomic data. India’s industrial and manufacturing output data for April, due on May 28, […]

[ad_1] Are you a central government employee looking to secure financial stability after your retirement but fear NPS is too risky? There is a major decision awaiting for you. On April 1, 2025, the central government rolled out a new pension scheme for its workers, called the Unified Pension Scheme or UPS which offers to provide a fixed pension to employees upon retirement. This scheme gives employees an option to drift away from the NPS or National Pension System which offered an unfixed pension amount, based on the corpus accumulated at retirement and the annuity purchased. Is UPS different from NPS?Under UPS, government employees who have completed at least 25 years of service will receive a fixed monthly pension amounting to 50% of their average basic pay during the final 12 months before retirement. However, they must have completed at […]

[ad_1] Tripura government has been working to develop an infrastructure to support AI and 5G network in the state. CM Manik Saha said that AI reduces operational complexity by using smart algorithms to perform a variety of tasks, leading to faster performance, greater efficiency, and lower costs.Simultaneously, 5G technology transfers information quickly. He also said that combining these two technologies would lead to greater innovation and some very interesting applications.Speaking at a special session called ‘IT for Ashtalakshmi: Beyond the Bits and Bytes, Into AI and 5G’ during the Rising Northeast Investors' Summit 2025 in New Delhi, Saha praised the ministry of development of north eastern region (DoNER) for hosting the event.Highlighting the synergy between emerging technologies, Saha said, “It is a symbiotic relationship between 5G and AI.”“As AI expands, the cost of connectivity continues to decline. The convergence of […]