Inox Green Energy Services Ltd will provide O&M services for 5 GW of renewable energy projects developed by INOXGFL Group and KP Group. Through MoUs signed by Inox Wind and Inox Solar with KP Energy Ltd and KPI Green Ltd, the partnership aims to establish 2.5 GW each of wind and solar projects across India. Inox Green, managing 12.5 GW of renewable assets, specializes in long-term O&M services. As India's only listed renewable O&M company, it has over a decade of experience and serves major IPPs, PSUs, and retail clients.Read more

Capital market representatives held a pre-Budget discussion with the Finance Minister where they asked for a reduction in transaction taxes and changes aimed at improving market efficiency and participation. Industry bodies highlighted the rising contribution of capital markets in resource mobilisation, which crossed INR 14.6 lakh crore in FY25, driven largely by equity and debt instruments. Officials from key financial institutions attended the meeting, which forms part of the government's annual consultation process before the Budget. With Budget 2026-27 set to be presented around February 1, the government is expected to focus on demand revival, job creation and maintaining stable growth.Read more

Sales growth in India's FMCG market slowed in volume terms during the recent September quarter as the transition to revised GST rates caused temporary disruptions. While overall value growth rose, rural markets continued to lead demand for the seventh straight quarter, though the gap with urban areas has started to narrow. Smaller towns supported urban recovery, and e-commerce remained a strong contributor to FMCG sales. Modern trade also showed signs of revival. The sector's performance was influenced by stable food demand, slower home and personal care growth, and a stronger contribution from small manufacturers.Read more

Voltsun Labs Pvt Ltd is establishing a greenfield solar cell and module manufacturing plant in Naidupeta, Tirupati district, with an investment of INR 1,743 crore. The Andhra Pradesh government is allotting 37 acres of land at concessional rates and will support the project with external infrastructure. The facility, built in two stages, will have 1 GW solar cell and 1 GW module capacity using TOPcon monocrystalline and bifacial technologies. The project is expected to create 415 direct jobs and strengthen the state's renewable energy sector.Read more

The Central Government has approved 17 projects under the Electronics Component Manufacturing Scheme (ECMS), opening up investment commitments of INR 7,172 crore and creating more than 11,800 jobs. The selected applicants include Jabil, Aequs, AT&S, Uno Minda, Zetwerk, Secure Meters and others, with production spanning camera modules, multi-layer PCBs, enclosures, connectors, oscillators and optical transceivers. These projects, spread across nine states, are expected to generate output worth INR 65,111 crore. Combined with the first tranche cleared earlier, ECMS now covers 24 projects. Officials said the scheme strengthens India's electronics value chain amid shifting global supply dynamics, while industry leaders noted its role in anchoring global manufacturing and building competitive domestic capabilities.Read more

India has introduced an anti-dumping duty of USD 121.55 per tonne on hot rolled flat steel imports from Vietnam for five years. Recommended by the DGTR and notified by the finance ministry, the measure is intended to protect domestic steel manufacturers from low-cost imports that could undercut local production. The duty will remain effective unless amended or revoked earlier. This step is part of India's broader effort to ensure fair trade, stabilize the steel market, and strengthen the competitiveness of local steel producers.Read more

Retail inflation in India fell to a record low of 0.25 per cent in October, mainly due to GST rate cuts implemented in late September. Experts from SBI, Crisil, ICRA, and CareEdge highlighted that inflation excluding gold is already negative and likely to remain so in the coming months. The sharp moderation in CPI inflation could influence the Reserve Bank of India's policy decisions in December. While economic growth remains strong, softer inflation readings give the RBI room to consider a repo rate cut to support the economy amid ongoing external uncertainties.Read more

The domestic construction equipment industry is expected to achieve 2-4 per cent volume growth over the next two fiscal years due to slower real estate and road activity. Revenue is projected to rise 6-8 per cent, supported by selective price increases and stable steel prices, which help offset compliance costs. Operating margins are expected to contract slightly to around 11 per cent. Domestic sales dominate the market, while exports continue to provide additional revenue. Careful capital expenditure is likely to maintain stable leverage and credit profiles across companies.Read more

Sunsure Energy has entered a long-term agreement with Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) to supply hybrid renewable power combining solar and wind energy. The project, located across Maharashtra, will deliver 5.5 crore units of green power annually, helping DFPCL cut over 40,000 tons of CO? emissions each year. This collaboration aligns with DFPCL's sustainability goals and Sunsure's focus on providing round-the-clock renewable power solutions. The agreement also supports India's wider push toward industrial decarbonisation and cleaner manufacturing.Read more

The Indian cement industry is gearing up for a substantial expansion, planning to add 160-170 MT of grinding capacity between fiscal 2026 and 2028 with an investment of around INR 1.2 lakh crore. This growth is largely supported by strong demand, high capacity utilisation, and industry consolidation. Most of the expansion will be through brownfield projects, reducing risk and capital requirements. Companies are also investing in green energy and efficiency improvements. Financial leverage is expected to remain stable, keeping credit profiles steady while supporting long-term profitability.Read more