Tata Power Renewable Energy joins Canara Bank to boost PM Surya Ghar Muft Bijli Yojana

Tata Power Renewable Energy Limited (TPREL), a subsidiary of the Tata Group, on Friday said it has joined Canara Bank to promote the adoption of rooftop solar systems under the PM Surya Ghar Muft Bijli Yojana.  As part of the initiative, households can benefit from tailored financing options under the PM Surya Ghar Scheme, designed … Read more

Rupee hits all-time low as dollar extends climb, RBI likely steps in

The Indian rupee weakened to its record low on Friday, hurt by persistent dollar strength after strong U.S. economic data reinforced the Federal Reserve's hawkish tilt while likely intervention by the Reserve Bank of India capped the currency's losses. The rupee declined to 85.10 against the U.S. dollar in early trading, inching past its previous … Read more

India`s solar equipment manufacturing poised for healthy growth next 2-3 years: CareEdge Ratings

CareEdge Ratings in its latest report has said that India’s solar equipment manufacturing capacity is poised for healthy growth over the next 2-3 years, entailing a capex of nearly Rs 1 lakh crore. It stated of that Capex, an estimated debt funding of nearly Rs 70,000 crore is expected over the medium term, including investments … Read more

Food collection take-away segment in India to clock 7.7 pc growth during 2023-28

 Amid the surge in quick commerce industry, the food collection take-away segment in India is projected to register a compound annual growth rate (CAGR) of over 7.7 per cent during 2023–28, a report showed on Friday.  The rapid rise of quick commerce in India is reshaping the retail landscape, with urban populations progressively seeking fast … Read more