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A competitive tariff of ₹5.25 per unit was discovered for round-the-clock renewable energy. This price emerged from a tender by the Solar Energy Corporation of India. The discovered tariff aims to compare with firm power sources like thermal and nuclear. Renewable energy must be supplied reliably on a round-the-clock basis. This development highlights the growing…
The sector’s rising cash burn, coupled with the relatively limited size of the addressable market, is beginning to concern investors tracking the space. The category is economically viable primarily in urban catchments, where high order density supports efficient fulfilment and worker utilisation. Expanding into lower-density neighbourhoods is significantly more challenging, another industry executive said.
Diageo is taking a bold step by designating India as a distinct operational region, separating it from the Asia-Pacific hub. This strategic choice is driven by the projected growth in India’s spirits market. In tandem, the company is revamping its packaging network for Indian spirits, which is set to yield significant and recurring cost savings.
While issuing notice to the government and Fssai, Justice Amit Mahajan said Dabur has made out a prima facie case for grant of stay of Monday’s ban order, as such sudden restrictions could not have been imposed without issuing a show-cause notice or hearing the company.
The government is exploring a new incentive scheme for polysilicon manufacturing. This initiative aims to bolster domestic production capabilities within the sector. Currently, a production-linked incentive scheme supports solar module manufacturing. That program covers modules, cells, ingot-wafers, and polysilicon production. This new exploration follows earlier discussions on supporting polysilicon manufacturing.
Proximo is among the last major global spirits companies to establish a direct India operation. Most of its international rivals are already present in India, which ranks among the largest markets by volume for Diageo and Pernod Ricard, among others.
US Treasuries rallied after an unexpectedly weak July employment report prompted traders to further dial back expectations for Federal Reserve interest-rate hikes, cementing the biggest weekly gain in short-term maturities since May.
The US stock market enjoyed a significant boost on Friday as the S&P closed at an all-time high. The unexpected rise in job losses led to reduced expectations for a Federal Reserve interest rate hike in September. Strong earnings from corporations further propelled market indices upward. Meanwhile, a dip in oil prices, influenced by advancing…
In a legal clash, 1587 Sneakers refutes claims made by Travis Kelce and Patrick Mahomes about their alleged control of the steakhouse. The sneaker company maintains that the NFL duo has been instrumental in promoting the establishment. This case hinges on the risk of consumer confusion with their branding strategy, as the steakhouse’s name incorporates…
Family, friends and colleagues gathered in Mumbai to remember veteran actor Pradeep Rawat, as his son Vikramaditya Rawat paid an emotional tribute and promised to carry forward his father’s legacy. Speaking to ANI during the prayer meet, Pradeep Rawat’s son, Vikramaditya Rawat, became emotional while remembering his father, describing him as a man of “honour…