'State tenders to be key in RE capacity addition'
INDIA BUSINESS | Fri, 5 Dec 2025, 1:30AM IST
"There are multiple routes and one of the primary instruments is going to be the tenders floated by the states," Sarangi said while addressing the session on energy transition at CII India Edge.
Continue reading at Economic Times
1h
Road Ministry taps IIT-Kanpur to fix 'black spots' on highways to prevent accidents
INDIA BUSINESS | Fri, 5 Dec 2025, 1:29AM IST
India's Ministry of Road Transport and Highways is partnering with IIT-Kanpur to leverage AI for identifying and analyzing high-risk road "black spots." This initiative aims to understand the root causes of repeated collisions on national highways and implement targeted solutions. The project seeks to improve accident data analysis and reporting to significantly reduce road crashes by 2030.
Continue reading at Economic Times
1h
Sberbank plans to go big in India
INDIA NEWS | Fri, 5 Dec 2025, 1:15AM IST
NEW DELHI: Russia's Sberbank plans to step up its India presence, eyeing retail expansion in 10 cities and a new data centre to support its operations over the next three years.Sberbank, which processes the largest share of India-Russia trade payments, is also looking at channelling rupee surplus of its investors into government securities, said Herman Gref, CEO and chairman of the executive board.The bank is also considering the export of gold to India, having secured a licence to do so. It's also examining entry into the education and healthcare sectors."We have a full banking licence here... we will expand our business in a step-by-step manner over the next three years. We will ramp up B2B business and enter into the B2C segment," Gref said.Gref is part of the delegation accompanying Russian President Vladimir Putin, who's in the country for the 23rd India-Russia Annual Summit. The bank, which established its India operations in 2010, has sought Reserve Bank of India approval to open more offices."We have requested the central bank here to grant 10 branch licences," Gref said.125774846It currently has two branches and an IT unit in Bengaluru that serves as an in-house data processing centre. It plans to set up another one in Hyderabad, he said. Over the next three years, the bank plans to invest a few hundred million dollars across various verticals, including the data centre as well as an office building.Besides, it also intends to offer its customers a facility to invest in Indian government securities, which provide a stable return."We have plans to invest in government securities as an institution and also bring investors," said Gref.* Sberbank and JSC First Asset Management on Thursday launched their debut India mutual fund, offering Russian retail investors exposure linked to the performance of the NSE Nifty 50.
Continue reading at Economic Times
2h
India, Russia to deepen space ties, seal engine deal
INDIA NEWS | Fri, 5 Dec 2025, 12:17AM IST
New Delhi: India and Russia at Friday's annual summit are set to elevate cooperation in the space sector building on decades-long partnership including possible transfer of technology for semi-cryogenic rocket engines.The plan of space cooperation in future covers several joint areas, including engine development, crewed missions, orbital stations, personnel training, and rocket fuel, ET has learnt.It is learnt that Russia had agreed to 100% transfer of technology for RD-191M semi-cryogenic rocket engines to the Indian Space Research Organisation.Roscosmos chief Dmitry Bakanov told Russian newspaper Izvestia on Wednesday that an announcement on space cooperation would be made as soon as "literally the day after tomorrow". He said the plan covers several joint areas, including engine development, crewed missions, orbital stations, personnel training, and rocket fuel.Bakanov said the partnership would focus on "mutually beneficial cooperation".Russia and India are also working on the mutual deployment of ground stations for their navigation satellite systems, GLONASS and NavIC for enhanced accuracy."Work is underway on the mutual parity placement of ground stations for collecting measurements of the Russian global navigation satellite system GLONASS and the Indian regional navigation satellite system NavIC," Russian Ambassador to India Denis Alipov was recently quoted as saying by state-run TASS news agency.Alipov said space cooperation continues to be one of the strongest pillars of India-Russia partnership, covering manned missions like India's Gaganyaan programme, propulsion technologies, and satellite navigation.He also highlighted the steady growth in bilateral scientific and technological collaboration across sectors such as biomedicine, physics, chemistry, healthcare, and material sciences.
Continue reading at Economic Times
3h
Suzlon unveils plan for three new AI-enabled smart blade units
INDIA BUSINESS | Fri, 5 Dec 2025, 12:13AM IST
Suzlon Energy is launching three new AI-powered smart blade factories. This expansion will boost its manufacturing capabilities across India. The new facilities aim to improve blade quality and production efficiency. Suzlon is also upgrading its existing plants. This strategic move supports its large order book and strengthens its position in India's growing wind energy sector.
Continue reading at Economic Times
3h
IndiGo expects stable flight ops to be fully restored by Feb 10 next year
INDIA BUSINESS | Fri, 5 Dec 2025, 12:07AM IST
IndiGo will cut flights starting December 8. The airline expects to fully restore flight operations by February 10, 2026. This comes after recent disruptions. The Directorate General of Civil Aviation reviewed the situation with IndiGo officials. Planning gaps in Flight Duty Time Limitations norms caused crew requirement issues. More cancellations may occur soon.
Continue reading at Economic Times
3h
Amazon Qcomm plans to have 300 dark stores by year-end
INDIA BUSINESS | Fri, 5 Dec 2025, 12:06AM IST
Amazon is accelerating its 10-minute delivery push in India. The e-commerce giant is adding two dark stores daily. It plans to have 300 micro warehouses across Bengaluru, Mumbai, and Delhi-NCR by the end of this year. This expansion comes amid intense competition in the quick-commerce market.
Continue reading at Economic Times
3h
Andhra Pradesh to get India's 1st 6 GW solar ingot-wafer unit
INDIA BUSINESS | Fri, 5 Dec 2025, 12:02AM IST
India's first integrated 6 GW solar photovoltaic ingot and wafer manufacturing plant will be established in Anakapalli, Andhra Pradesh, by ReNew Photovoltaics. This 3,990 crore greenfield unit aims to reduce reliance on Chinese imports and bolster India's solar capacity targets. The project, supported by the PLI scheme, is expected to create 1,200 jobs and commence commercial production by January 2028.
Continue reading at Economic Times
3h
IndiGo admits to gaps as 200 more flights cancelled in ongoing disruptions
INDIA MARKET | Thu, 4 Dec 2025, 11:59PM IST
200 more flights cancelled on Thursday; chaos at airports across India
Continue reading at Business Standard
3h
Lenovo mobile phones, PCs clock 68% growth
INDIA BUSINESS | Thu, 4 Dec 2025, 11:57PM IST
Lenovo Group witnessed a significant 68% surge in its Indian PC and mobile business last fiscal year, driven by a remarkable 150% jump in smartphone sales. The company's total consumer revenue reached 27,424 crore, with strong demand fueled by digitization, premiumization, and GST cuts. Lenovo India's profit after tax also saw a healthy 24% increase.
Continue reading at Economic Times
3h
Nearing expiry: SBI seeks tax break extension for its GIFT City unit
INDIA BUSINESS | Thu, 4 Dec 2025, 11:56PM IST
SBI has asked the Centre to extend its 10-year tax holiday at GIFT City, saying early entrants lost effective benefit years. Experts warn activity could shift offshore if incentives lapse
Continue reading at Business Standard
3h
Working to reduce cascading impact of delays: IndiGo extends apology for flight disruptions
INDIA BUSINESS | Thu, 4 Dec 2025, 11:51PM IST
India's largest airline, IndiGo, has apologized for widespread operational disruptions and delays over the past two days. The airline is collaborating with aviation authorities and airport operators to mitigate the cascading impact and restore normal operations. IndiGo advises customers to check flight status before traveling.
Continue reading at Economic Times
3h
'Druzhba Dosti' flag flutters as PM Modi greets President Putin on tarmac
INDIA MARKET | Thu, 4 Dec 2025, 11:35PM IST
Putin arrived in New Delhi to a rare tarmac welcome from PM Modi as the two leaders prepare for a high-stakes summit on defence, trade, technology and future cooperation
Continue reading at Business Standard
3h
more