ACME Solar Holdings plans to diversify into nuclear energy and will also expand its solar and hybrid energy capacity. The company, which presently has 2.5 gigawatt (GW) of solar capacity is aiming to increase it to 3.5 GW by the end of 2026 and 7 GW by 2027 before reaching its target of 10 GW
Products such as skin creams, floor cleaners and washing powders are finding a little more space in the shopping baskets these days as a combination of aggressive offers, innovative formats and new launches are pushing consumers to stock up these items. The food basket, in contrast, is seeing lower volume growth as inflation concerns prompt
After a period of turbulence and skepticism, roll-up commerce startups are making a steady comeback, thanks to the rapid expansion of quick commerce as a critical sales channel. These startups, which acquire and scale small but promising brands through improved operations, marketing, and technology, are now seeing renewed investor confidence and revenue growth, even as
The Union government has assigned benches to 21 of the 24-newly appointed judicial and technical members of the National Company Law Tribunal (NCLT), weeks after calls to fast-track the assignment-process were made by the NCLT Bar Association. The Supreme Court too had in a November 2024 ruling expressed disappointment regarding the large vacancies in the
India’s infrastructure-focused Adani Group has revived plans for substantial investments in the United States, Financial Times reported on Sunday. ALSO READIndia’s industrial policy shifts and the role of privatisation According to the report, the conglomerate is reconsidering funding projects in nuclear power, utilities, and an East Coast port. The development, citing sources close to Gautam
When H&M celebrated 20 years of iconic guest designer collaborations over the years with fashion houses such as Karl Lagerfeld, Versace, Stella McCartney, Comme des Garçons, Isabel Marant, Mugler last year, it did with a special preloved collection. H&M Group owns 80% of pre-loved marketplace Sellpy, a big player in second-hand fashion in Europe with
Paytm has been issued a show cause notice by the Enforcement Directorate (ED) for alleged violations of the Foreign Exchange Management Act (FEMA), the company revealed on Saturday. The notice pertains to irregularities in the acquisition of two subsidiaries—Little Internet Private Limited and Nearbuy India Private Limited—between 2015 and 2019, according to Paytm’s statement. Reassuring
French sports good retailer Decathlon has identified India as a priority market, where it has an annual revenue of Rs 4,000 crore, growing at over 35% per annum. The double-digit growth prompted Decathlon to announce an investment of nearly Rs 1,000 crore in India in August, which will be done over the next five years. Sankar
Companies in the business of keeping cool are gearing up for a record summer this year. With temperatures already on the rise in the west, east and parts of the north, firms are readying production and distribution initiatives to meet the demand surge expected in the coming summer months. “February and the first two weeks
The domestic stock exchanges have seldom had it so good. Over four years of a bull market, coupled with investors entering in droves — it’s a heady mixture for the bourses. Consequently, their coffers have been flowing over. Sample this: India’s biggest stock exchange – the NSE – reported a 57% and 94% year-on-year growth
Gold prices have reached an unprecedented milestone, surpassing $3,000 an ounce for the first time in history. This surge is largely fuelled by a vigorous buying spree by global central banks, states Bloomberg. Since Russia’s 2022 invasion of Ukraine, central banks have increasingly turned to gold to diversify reserves and reduce dependency on the US
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset. Spot gold was up 0.4% at $3,000.39 an ounce at 1031 GMT. Prices have scaled 13 all-time highs
Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff earlier in the week, while gold reached a record as the latest escalation of global trade tensions left nervous investors seeking safe-haven assets. Relief over the likely aversion of a US government shutdown boosted stocks in Asian trade, after Senate
