India made significant progress in the renewable energy (RE) sector in 2024 with total RE capacity reaching 205.5 gigawatt (GW) as of November in the current fiscal year 2024-25. To achieve the target of 500 GW non-fossil fuel capacity, the government has adopted multifaceted strategy. Apart from rapid RE capacity addition, this includes streamlining the
India Cements Limited (ICL) on Wednesday announced that its former promoter N Srinivasan has stepped down as the company’s managing director and CEO with immediate effect. The company’s Board also approved the resignations of whole-time director Rupa Gurunath and two other non-independent directors, Chitra Srinivasan and VM Mohan. The move comes a week after the
– By Nitin Navneet Tatiwala The global supply chain as we know is undergoing a seismic shift. Once seen as linear systems optimized for cost and efficiency, supply chains are evolving into dynamic, strategic assets. By 2025, they will be defined by three key pillars: resilience, technology, and sustainability. This transformation is not just a
The defence sector is expected to witness a sharp rise in order inflow in Q4FY25 given that defence capex is set to be met in FY25, stated a report by Elara Capital. With indigenization as the primary theme for India’s defence story, the allocation to domestic companies stands at 75 per cent of the total
By Narayanan V, Krishna Barot & Mukesh Jagota On the face of it, the rupee’s ongoing depreciation – it fell 9 paise to close at a new record low of 85.2 against the dollar on Tuesday — should have come as a shot in the arm for India’s labour-intensive exports. The local currency’s decline came
LeadSquared, a Bengaluru-based SaaS unicorn, is setting its sights on profitability by FY26, despite past challenges stemming from the downturn in the edtech sector. The company also aims to achieve IPO-readiness by the next fiscal year, marking a critical milestone in its growth journey. In FY24, LeadSquared reported revenue of Rs 279.3 crore, reflecting a
The GST Council’s decision to exempt gift vouchers from indirect taxation has brought much-needed clarity to the retail and corporate sectors, with industry leaders lauding it as a significant step forward. The council recently clarified that vouchers will not attract GST, as they are neither a supply of goods nor services. This resolves a long-standing
In anticipation of the US going ahead with higher tariffs on Chinese imports, the Federation of Indian Export Organisations (FIEO) has formulated a strategy to raise its share in the US market. As part of the strategy, the apex body of export promotion councils has identified five sectors where emerging opportunities can be captured within
After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the
The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition
After over a week of consolidation, Tuesday was a breakout day for the benchmark indices, which clocked around 1.5% growth on the back of good news on both global and domestic fronts. While the softer-than-expected US retail sales data fuelled hopes globally that the Federal Reserve could consider rate cuts, India’s lowest trade deficit in
By Ankit Mandholia The withdrawal of foreign portfolio investors (FPIs) from Indian markets is driven by a complex interplay of global economic trends, geopolitical uncertainties, monetary policies, and domestic factors. Since sustained outflows could pose challenges to market stability, it is important to ensure that there is macroeconomic stability to enhance the competitiveness of Indian
The market scenario can change completely in just a few months. Till September 2024, the Indian stock market was making new records every day. But since then, the situation has changed. Nifty 50 is down by about 14% from its peak. Similarly, the Nifty Midcap 100 has fallen by more than 18% in the last
