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Vedanta CEO backs CEA’s 100 GW thermal roadmap as catalyst for India’s 500 GW renewable energy goal by 2030

Vedanta Group CEO Sunil Duggal has endorsed the Central Electricity Authority’s (CEA) proposed 100 GW thermal capacity expansion, calling it a “strategic enabler” for India’s ambitious target of deploying 500 GW of renewable energy by 2030. Speaking at the India Energy Forum 2025, Duggal emphasized that thermal power will play a crucial balancing role in…

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Adani surges $13 billion in two days, narrows gap with Ambani for Asia’s richest crown

Gautam Adani is once again within striking distance of becoming Asia’s richest person, after a staggering $13 billion surge in his net worth over just two trading sessions. The rally was triggered by a regulatory breakthrough that lifted investor sentiment across Adani Group stocks, marking a dramatic turnaround more than two years after the Hindenburg…

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Private defence order book may hit ₹55,000 crore in FY26, says Crisil: A Make In India milestone

India’s private defence manufacturing sector is poised for a historic leap, with Crisil projecting the cumulative order book to surge to ₹55,000 crore by FY26—driven by policy reforms, indigenous procurement mandates, and rising global interest in Indian-made platforms. The report marks a significant endorsement of the ‘Make In India’ initiative, which has increasingly shifted defence…

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Eternal shares soar 24% YTD to record highs: Is the rally sustainable or nearing exhaustion?

Shares of Eternal Ltd have surged 24% year-to-date (YTD), hitting fresh lifetime highs and outperforming benchmark indices and sector peers. The rally, driven by strong earnings momentum, aggressive expansion plans, and renewed investor interest in mid-cap growth stories, has sparked debate on whether the stock can sustain its breakneck pace or faces a near-term cooldown….

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Sebi relaxations fail to revive RIA registrations amid compliance burden and business viability concerns

Despite recent regulatory relaxations by the Securities and Exchange Board of India (Sebi), the number of new Registered Investment Adviser (RIA) applications continues to stagnate, raising questions about the effectiveness of reforms aimed at expanding India’s advisory ecosystem. While Sebi’s intent to simplify onboarding and reduce entry barriers is evident, industry experts argue that deeper…

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Telecom PLI gets DoT’s backing despite half the firms missing incentive targets

India’s ambitious Production-Linked Incentive (PLI) scheme for telecom and networking equipment has received renewed support from the Department of Telecommunications (DoT), even as nearly half of the participating firms failed to meet the eligibility criteria for incentives in the latest review cycle. The DoT’s endorsement comes amid growing concerns over execution gaps, delayed investments, and…

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28 firms line up to partner with HAL for stealth fighter project

India’s ambitious fifth-generation stealth fighter program has received a major boost as 28 domestic and international firms have expressed interest in partnering with Hindustan Aeronautics Limited (HAL) for the Advanced Medium Combat Aircraft (AMCA) project. The surge in interest marks a pivotal moment in India’s aerospace journey, as the country aims to join the elite…

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Govt headhunter PESB recommends B Sairam as next Coal India Chief

In a key leadership development for India’s energy sector, the Public Enterprises Selection Board (PESB) has recommended B Sairam as the next Chairman and Managing Director (CMD) of Coal India Ltd (CIL), the world’s largest coal-producing company. The recommendation, made after a rigorous selection process, positions Sairam to take charge of the Maharatna PSU at…

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Baba Kalyani’s son seeks board seat again but aunt may oppose

The simmering ownership dispute within the Kalyani-Hiremath family has resurfaced as Amit Kalyani, son of Bharat Forge chairman Baba Kalyani, seeks re-election to the board of Hikal Ltd—a specialty chemicals and pharmaceuticals company co-founded by the family. The reappointment bid, which comes under an ordinary resolution, is expected to face stiff resistance from Amit’s aunt,…

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Bengal Grants Industry Status to Logistics Sector, Unlocks Investment and Employment Potential Across Eastern Corridor

In a landmark policy shift poised to reshape West Bengal’s industrial landscape, the state cabinet has officially granted industry status to the logistics sector, sparking optimism for accelerated growth, infrastructure development, and employment generation. The decision, approved during the cabinet meeting chaired by Chief Minister Mamata Banerjee on September 19, 2025, is being hailed as…

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