Companies

Waaree Energies secures 150 MWp solar modules order for renewable project

Waaree Energies on Thursday said it has secured an order to supply solar modules totalling a capacity of 150 MWp for a major renewable project in India. The contract includes the supply of Waaree's flagship high-efficiency Glass N-type Topcon bifacial modules, rated at 585/590Wp, a company statement said. These modules are recognised for their durability, exceptional energy output, and advanced technology, it stated. According to the statement, Waaree Energies Ltd., India's largest solar PV module manufacturer and a leader in the global energy transition, is pleased to announce the receipt of order for a major renewable power project of 150MW for the supply of solar modules from a renowned customer engaged in owning, developing, and operating renewable power projects in India. The modules are scheduled to be supplied in the next financial year, 2025-26. Waaree operates an NABL-accredited testing lab, ensuring the highest standards of excellence, it said. The execution of this pro

Global headwinds, tech trends highlighted in CEOs' messages to teams

N Chandrasekaran, chairman, Tata Sons, started his letter describing 2024 as 'another unpredictable year'

Ireda loan disbursement up 41% to Rs 17,236 crore in December quarter

State-owned Indian Renewable Energy Development Agency (IREDA) has logged 41 per cent loan disbursement growth to Rs 17,236 crore in the December quarter. As per provisional figures, IREDA sanctioned loans worth Rs 31,087 crore in the third quarter, marking an extraordinary 129 per cent Year-on-Year (YoY) rise compared to Rs 13,558 crore in the corresponding period last year, according to a company statement issued late Tuesday evening. Loan disbursements also witnessed significant growth, increasing by 41 per cent YoY to Rs 17,236 crore from Rs 12,220 crore a year ago, the statement said. The outstanding loan book surged by 36 per cent, reaching Rs 69,000 crore as of December 31, 2024, compared to Rs 50,580 crore last year. "IREDA's outstanding performance reflects our unwavering commitment to driving India's renewable energy transition. "The 129 per cent growth in loan sanctions underscores the increasing confidence of stakeholders in our capabilities and our pivotal role in ...

Focus on next-gen therapeutics, AstraZeneca to restructure biopharma unit

Global portfolio includes over 20 novel therapies; development follows reports of layoffs affecting over 125 employees within the unit

Adani Enterprises revenue to jump to Rs 1.5 trn, earnings to rise 46%

Adani Enterprises Ltd, the flagship company of the ports-to-energy conglomerate helmed by billionaire Gautam Adani, is likely to see consolidated revenue grow at a CAGR of 17.5 per cent and net earnings by 45.8 per cent over 2023-24 fiscal year (FY24) and FY27, a report said. AEL is one of India's largest listed incubators which has conceived, grown, matured and demerged many successful businesses, including ports company Adani Ports & SEZ, city gas distributor Adani Total Gas, power transmission company Adani Energy Solutions, renewable energy firm Adani Green Energy, Adani Power, and commodities firm Adani Wilmar. The company is incubating airports, manufacturing solar modules and wind turbines, green hydrogen, road construction, data centre, and copper. "Adani Enterprises Ltd (AEL), the incubator of many successful industry-leading businesses, is ambitiously diversifying into green hydrogen and its ecosystem to drive future growth," Ventura Securities said in the ...

Motorcycle maker Ultraviolette to accelerate commercial operations in 2025

Electric premium motorcycle maker Ultraviolette is scaling up its commercial operations, targetting monthly sales of 1,000 units a month by the second half of 2025 while also gearing up to enter European and other international markets next year, according to top company officials. The company plans to increase its sales network to 30 cities next year from 12 cities at present, having put in place the technology base for its product and validated through real-world testing, Ultraviolette CTO and co-founder Niraj Rajmohan told PTI. "This year (2025) is where we are starting to scale up from a commercialisation point of view. The product and technology are very stable. It also gives us that ability to sustainably produce and be economically viable from a company operating standpoint," he said. When asked about the volume target, Rajmohan said the company's objective is to clock about 1,000 units a month by the second half of 2025. So far, the company has sold a total of 1,000 units o

Oberoi Realty to build luxury villas, hotel in coast town Alibaug

Company tells stock exchanges it has acquired 81 acres from landowners for the project

Amway India loss doubles to Rs 52.78 cr in FY24, sales flat at Rs 1,284 cr

Amway India had reported a net loss of Rs 21.72 crore and revenue from operations at Rs 1,278.69 crore a year ago

Google, Tamil Nadu govt hold forum to discuss AI innovation in state

Company and state government in August signed agreement for technology advancement

India's alternative assets market to grow 5x to $2 trn by 2034: Report

Wealthy Indians offer 'significant growth potential' for such assets, it says

upGrad Achieves 30% YoY Revenue Growth; EBITDA & PAT Loss drops by 50%

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Lawsuit in US accuses food companies of marketing 'addictive' food to kids

Lawsuit was filed in Philadelphia Court by Bryce Martinez who alleges he developed type 2 diabetes and non-alcoholic fatty liver disease, diagnosed at age 16, by consuming the firms' products

Alpha Wave, two others eye 15% stake in Haldiram's at $9 bn valuation

Haldiram's founding promoters, the Agarwal family considering an IPO post-sale, aiming for a Rs 93,500 crore valuation

Pernod Ricard denies breaching Indian law, internal probe claims violation

PRI lobbied New Delhi officials in favour of a 2021 law that allowed private retailers to run liquor shops

Intel's hunt for CEO to focus on outsiders, including Marvell's head

This week's sudden ouster of CEO Pat Gelsinger set off an urgent search for new leadership at a time when the chipmaker's fortunes are shaky and its bench has been depleted

Adani Group firms' balance sheet improved in 2 years; debt rose: Bernstein

Debt burden primarily on Adani Enterprises; group's cash reserve has increased 75% since March 2023

RBI lifts supervisory restrictions on Sachin Bansal-led Navi Finserv

Following the imposition of restrictions on Navi, the lender cancelled a scheduled fund raising activity of Rs 100 crore. Rating agency CRISIL had also put Navi's ratings on "rating watch"

NCLAT limits insolvency proceedings against Raheja to one project only

In a relief to Raheja Developers, the appellate tribunal NCLAT has confined the insolvency proceedings against the realty firm to only one of its projects 'Raheja Shilas'. However, it has directed Raheja Developers to provide the details regarding the other incomplete projects and the status of all ongoing projects, enabling appropriate orders to be passed. A three-member bench of the National Company Law Appellate Tribunal (NCLAT) led by Chairperson Justice Ashok Bhushan, directed the Interim Resolution Professional (IRP) to collate the claims related to the project and submit the status report. "We are of the view that, for the time being, as was prayed by the Applicant/Respondent herein, the insolvency may convene to one Project, namely 'Raheja Shilas (Low Rise)," said NCLAT in its interim order passed on Thursday. The NCLAT direction came over a petition filed by Navin Raheja, Chairman & Managing Director of the suspended board of the realty firm challenging an order from ...

Sagar Adani's $35 billion green vision eclipsed by bribery allegations

The charges against Sagar stem from his role on the board of the Indian Energy Company, where he has served since October 2018

Airline exodus leaves Israelis and companies isolated amid Hamas war

Direct routes to dozens of major cities - Washington D.C., San Francisco, Toronto, Hong Kong, New Delhi - have been suspended, reducing face-to-face business meetings