Month: May 2025

Adani Energy Solutions Ltd. (AESL) has secured a ₹1,660 crore project in Maharashtra to transmit 1.5 GW of green power from Raigad’s hydro-pumped storage projects to Mumbai. The project, executed via WRNES Talegaon Power Transmission Ltd, includes developing 3,000 MVA of substation capacity and associated transmission lines, expected by January 2028.

Global aviation leaders are set to convene in New Delhi from June 1-3 for IATA’s Annual General Meeting and World Air Transport Summit, marking its return to India after 42 years. Prime Minister Narendra Modi will deliver the keynote address. The summit anticipates 1,700 participants.

Waaree Energies has secured a USD 176 million deal to supply 586 MW of solar modules to a US-based independent power producer. These modules will be manufactured at Waaree Solar Americas’ Texas facility and delivered in FY 2026-27 for four projects. This agreement underscores Waaree’s dedication to establishing a strong clean energy supply chain in…

Oil Minister Hardeep Singh Puri expects oil prices around $65 per barrel. Ample supplies are expected in the market. High spare production capacity is influencing the oil market. The government plans to fill Strategic Petroleum Reserves. Global supplies might increase if sanctions on Iran and Russia are lifted. Iran could become a major supplier again.

India’s hospitality sector is booming. It shows strong growth in early 2025. Investments are expected to reach USD 1 billion by 2028. Revenue Per Available Room increased significantly. Bengaluru leads with impressive growth, boosted by Aero India 2025. Delhi, Mumbai, Chennai, and Hyderabad also show strong performance. New hotel signings indicate continued expansion across the…

Aditya Birla Capital Limited has invested Rs 249 crore in its wholly owned subsidiary, Aditya Birla Housing Finance Limited (ABHFL). This investment aims to fund ABHFL’s growth and improve its leverage ratio. Previously, Aditya Birla Capital announced a Rs 300 crore infusion into ABHFL through a rights issue, maintaining full ownership of the mortgage lender.

DGCA has granted IndiGo a three-month extension for its wet lease agreement with Turkish Airlines, allowing continued operation of Boeing 777s on Delhi and Mumbai to Istanbul routes. This decision occurs amidst geopolitical tensions and revoked security clearances, yet addresses IndiGo’s capacity constraints due to grounded aircraft.

Nykaa’s parent company, FSN E-Commerce, announced its Q4FY25 earnings, revealing a significant expansion of its retail presence with 50 new stores. The company reported a substantial 193% surge in net profit, reaching Rs 20 crore. Revenue from operations also saw a healthy 24% increase, climbing to Rs 2,062 crore, demonstrating strong financial performance.

India’s leading automakers are actively opposing a pollution management body’s proposal to include hybrid vehicles in government fleets near New Delhi. They fear this move will hinder the adoption of battery-electric cars, disrupt investments in EV technology, and create policy uncertainty.

A trainer aircraft overturned during landing at Suktara airstrip in Madhya Pradesh’s Seoni district, with the status of injuries and casualties currently unknown. This incident follows a recent fatal crash on April 22 in Gujarat’s Amreli district, where a trainee pilot died after his trainer aircraft crashed in a residential area.