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MP regulator rejects grid support charges for rooftop solar systems
The petition sought the imposition of grid support charges on all consumer categories utilising grid-connected rooftop solar systems under net-metering and base load reduction (Category III).Read more
TIIC promotes green investments with New ESG Cell for MSMEs
During a recent meeting of the Council of State Industrial Development and Investment Corporations (COSIDIC), hosted by TIIC, the emphasis was placed on integrating sustainability into MSMEs.Read more
South Asia Power Summit charts course for regional energy collaboration
The summit, a pivotal gathering of influential figures in the energy sector from the region, aimed to tackle existing challenges and explore new opportunities.Read more
NTPC generates 300 bn units of electricity in fastest time
On a standalone basis, NTPC stations have recorded a generation of 256 BU in FY 2023-24, underscoring the company's commitment to providing reliable and affordable power nationwide.Read more
Sun Pharma to Acquire 16.7% Stake in Lyndra Therapeutics for $30 mn
Sun Pharma has formally entered into an agreement to acquire this stake, calculated on a fully diluted basis.Read more
Fleming labs secures $13.23 mn Investment from InvAscent for Expansion
Fleming, recognised for its global leadership in specific muscle relaxant, anti-arthritis, and antihistamine APIs, operates with two regulatory-approved manufacturing units and serves customers in over 65 countries spanning Latin America, Europe, Asia, and MENA.Read more
85% industry revenue comes from sale of components to domestic vehicle OEMs
In the domestic market, passenger vehicle (PV) OEMs contributed more than 46% to the component industry's revenue, followed by two-wheeler manufacturers at 19%, and Medium and Heavy Commercial Vehicle (M&HCV) at 7%.Read more
Ford's U-Turn: Retains Tamil Nadu plant amidst JSW Deal
This decision comes after finalising a deal with the JSW Group led by Sajjan Jindal, sparking speculation that Ford may be contemplating a re-entry into the world's third-largest auto market.Read more
Govt set to roll out auto incentives in next FY, posing challenges for electric vehicle leaders
Despite initial skepticism from automakers about meeting the incentive claim process within the current year, the scheme, first notified in 2021, is expected to bring certainty to its 67 autoparts-making applicants.Read more
Bengal urged to boost electronic manufacturing for digital economy growth
MeitY Secretary, S Krishnan during a meeting at the Merchant Chamber of Commerce and Industry with entrepreneurs, including MCCI President Namit Bajoria, emphasised the importance of digitisation in achieving self-reliance.Read more