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₹6.64 a unit, even though solar and wind power come for ₹2.5-4. The key reason is the 'infirm' nature of renewable power - lack of generation when the sun doesn't shine, and the wind doesn't blow.Even those renewable projects with combined solar and wind generation, plus battery storage, are not finding takers despite being available at ₹5 a unit or lower, as discoms remain wary of battery supply chains. Meanwhile, thermal provides the necessary base load.

₹5,500 crore in FY27 from ₹2,800 crore this fiscal year, according to two people aware of the discussions. This will underscore policy continuity in India’s electric vehicle (EV)-led transition, even as disbursals trail targets and newer automakers remain excluded.A proposal to this effect has been submitted by the heavy industries ministry to the finance ministry for the PLI scheme that has a ₹25,938 crore outlay over five years (FY25-29), and consultations are underway for the same, the people cited above said.“The scheme’s outlay is expected to be around ₹5,500 crore for FY27,” said one of the two people cited above, requesting anonymity.Notified in 2021, the PLI-Auto scheme aims to boost domestic manufacturing of advanced automotive technologies and position India as a global electric vehicle hub.

Mint reported earlier on 1 November that PMI, EKA and Olectra were eyeing this tender. EKA confirmed the development to Mint.

Subscribe to enjoy similar stories. Kajaria Ceramics’ recent disclosure of fraud is a sentiment dampener as it raises corporate governance issues. During the rollout of a new vendor onboarding system, Kajaria found an embezzlement of around ₹20 crore.

Subscribe to enjoy similar stories. A shopper tries on earmuffs at a Goodwill store. This year, some of Santa’s gifts have been given before.

Subscribe to enjoy similar stories. Stock market recap: Domestic frontline indices, the Sensex and the Nifty 50, ended flat on Tuesday, 23 December, on profit booking at higher levels, even as mid and small-cap segments ended with modest gains amid mixed global cues. The Sensex ended with a minor loss of 43 points, or 0.05%, at 85,524.84, while the Nifty 50 closed 5 points, or 0.02%, up at 26,177.15.

Subscribe to enjoy similar stories. The U.S.’s pursuit of oil tankers around Venezuela is part of a new legal strategy under the Trump administration to seize ships that transport black market oil around the world, according to Justice Department officials. The fresh approach has been seen in recent days by the Coast Guard’s pursuit of the Bella 1, a sanctioned oil tanker whose crew refused to be boarded on Sunday.

Subscribe to enjoy similar stories. For years, battery storage sat on the fringes of India’s clean energy plans. Falling costs and a stronger policy push are now pulling it into the mainstream, setting off a fresh investment cycle in battery energy storage systems (BESS).

With the passage of a law that not only opens the door for private participation in India’s nuclear power industry but also promotes it, the government hopes to meet its target of 100GW in generation capacity by 2047. Currently, it accounts for a mere 2% of our grid capacity, and given India’s demand projection for 2047 and the electricity required to meet it, that goal implies a share of 5% by then.

Subscribe to enjoy similar stories. NEW DELHI : The Union government is planning an equity infusion of ₹30,000 crore in India’s sovereign wealth fund, according to two people familiar with the development, signalling a continued focus on infrastructure development that has bolstered economic growth. A note has been circulated for the consideration of the Expenditure Finance Committee (EFC) regarding the injection of capital into the National Investment and Infrastructure Fund (NIIF), according to the people quoted earlier, who spoke on the condition of anonymity.

Subscribe to enjoy similar stories. Indian stock markets: The Nifty hovered near the 26,000 mark on Monday, reflecting a cautious yet positive undertone in the market. Indian equities began the Christmas week on a steady note, with the Nifty 50 trading close to 26,000 after recovering from a four-day losing streak in the prior session.

Since stepping into the role of Flipkart's chief product and technology officer (CTPO) in September, Balaji Thiagarajan has been overseeing OneTech and the internal organization of engineers, product managers and tech specialists who collaborate to solve infrastructure challenges, build features and test them at scale.In an interview with Mint, he explains how this unified stack is modernizing Flipkart’s architecture for an initial public offering (IPO) readiness, quick commerce expansion via Flipkart Minutes, trust features such as fraud detection, warehouse automation, and fintech growth as the Walmart-owned firm shifts domicile to India for a potential listing.The Walmart-owned firm got the National Company Law Tribunal's nod this month to shift domicile from Singapore to India ahead of a potential 2026 listing. It follows Flipkart’s $1 billion funding round in May 2024, led by Google that valued it at $35-36 billion.

Subscribe to enjoy similar stories. Stock market recap: Indian stock market witnessed solid buying interest on Friday, 19 December even as the Bank of Japan (BoJ) hiked interest rate and signalled there could be more hikes in the near future. The Sensex jumped nearly 600 points to an intraday high of 85,067, while the Nifty 50 reclaimed 25,993 on the upside.

Subscribe to enjoy similar stories. Indian stock markets: Bearish forces have been unrelenting and the trends are unable to stage any recovery despite the best intentions. With the trends remaining challenged the road ahead is fraught with uncertainty.

Subscribe to enjoy similar stories. Cleveland Fed President Beth Hammack said she doesn’t see any need to change interest rates for several months after the central bank cut rates at its last three meetings.

Subscribe to enjoy similar stories. Mumbai: In early December, fast-food chain McDonald’s released a Christmas Special advertisement, just like many brands do during this time of the year. While most brands seek to evoke warm, festive cheer among their target customers, the Big Mac maker made an unconventional choice.

Real estate firms have long preferred traditional advertising and marketing messages—choosing billboards over Instagram ads and sticking to celebrity endorsements and the promise of an exotic, often foreign, lifestyle. The House of Abhinandan Lodha (HoABL) is attempting to break the mould in two ways. First, it is attempting to create a brand around plots of land, rather than already built properties.

Subscribe to enjoy similar stories. NEW DELHI : New Delhi: Inox Clean Energy Ltd has signed an agreement to acquire Macquarie Group’s renewable energy platform Vibrant Energy, in a transaction valued at an enterprise value of $600 million and an equity value of $200 million, according to two people aware of the development. The deal was announced by Inox Clean, a part of the INOXGFL Group, on Sunday.

Subscribe to enjoy similar stories. FRANKFURT—Across Germany, railcar factories are being retooled to build military vehicles, auto suppliers are joining with defense contractors, and former soldiers are suddenly hot commodities in the jobs market. After Berlin pledged to spend more than half a trillion dollars on defense in the next decade, manufacturers facing stubborn economic stagnation and falling exports to the U.S.

Mining in India remains heavily shaped by environmental clearances, social expectations, and regulatory scrutiny. Projects move through multiple layers of approvals—from forest and wildlife permissions to geological assessment, land acquisition, and community consultations. Delays can stretch into years.

India is a nation on a trajectory of rapid economic growth and today stands at the threshold of a defining era.This growth is being channelled through ambitious national goals that explicitly link innovation with sustainability, notably India’s commitment to achieving net-zero emissions by 2070 and its push to strengthen advanced manufacturing and global technology capabilities through initiatives such as Make in India and the Production Linked Incentive (PLI) schemes.This approach to combining scale with responsibility positions India as an increasingly attractive partner for countries across the world.Finland, a country renowned for innovation, clean technologies, and robust public and industrial systems, shares this forward-looking vision.Finland’s national goal is to achieve carbon neutrality by 2035, a significantly more ambitious timeline than the European Union’s overall target of 2050.The current annual bilateral trade value between India and Finland, at approximately €3 billion, remains modest relative to the potential of two innovation-driven economies.