Author: Abizar Attari
News Editor

Ahmedabad: Gautam Adani-led Adani Power has announced the incorporation of a new step down subsidiary Coastal Maha Atomic Energy Limited (CMAEL). This marks the Adani Group’s expansion into nuclear power generation, a domain that hasn’t seen any private participation in India so far. The market responded enthusiastically, with Adani Power shares reaching record highs as investors continue to bet on the group’s ability to disrupt the nuclear energy landscape. For Gautam Adani’s ambitions, this comes at a time when he has overtaken Mukesh Ambani as the richest Indian, according to latest data by the Bloomberg Billionaires Index. For now, this…

New Delhi: India’s power transmission and distribution (T&D) sector is set to witness a massive infusion of around ₹9 trillion in capital expenditure as the power grid sees record renewable capacity expansion and an increase in demand. According to a report by Motilal Oswal Financial Services, this boom is expected to come from almost 500GW of non-fossil fuel capacity that includes solar and wind farms across Rajasthan, Gujarat, and Ladakh that are expected to be set up by 2030. Transporting power from the source to the industrial and urban centers will offer T&D contractors an opportunity to grow here.  India’s…

New Delhi: Om Power Transmission Limited made a strong debut on the bourses, as it listed at a 6% premium on the NSE Emerge Platform. The Ahmedabad-based power transmission infrastructure company has surpassed its Grey Market Premium estimates, which had suggested a muted debut, showing that investors continue to trust the infrastructure player as India continues to modernize its power grid. The IPO raised ₹150 crore, with the proceeds being used to fund specialized machinery and equipment for high voltage transmission projects, while a portion will be used to reduce debt, strengthening its balance sheet.  Overall, the IPO was oversubscribed…

Mumbai: Sterling and Wilson Renewable Energy Limited (SWREL) has been awarded Engineering, Procurement, and Construction (EPC) orders worth ₹3,550 crore. This includes a massive 875MW solar PV plant in Bikaner, Rajasthan and another 50 MW AC project in Maharashtra.  These new orders have helped boost the company’s order book, which is worth ₹10,062 crore in FY26. In November, the company announced its 4th turnkey solar power project in South Africa, as it has been looking to expand its order book gradually. Reaching the ₹10,000 Crore Milestone Crossing the ₹10,000 crore order book threshold has helped validate SWREL’s growth strategy. The…

New Delhi: Oil prices have risen 6% on Monday after the US and Iran have presented different versions of their upcoming peace talks. This rebound has come at a time when the prospects for peace were dimmed when the US seized an Iranian cargo ship that tried to break its blockade of the Strait of Hormuz. Prior to that, Iran said it had lifted the blockade on the Strait and this development forced the Iranian regime to reimpose the blockade prior to the peace talks that are scheduled to be held in Pakistan.  Mixed Signals and “Retaliation Deadlines” These developments…

New Delhi: ICICI Bank reported a strong performance for the quarter ended March 2026 as it marked a 8.5% Year on Year (YoY) increase in net profit to ₹ 13,702 crore. The bank has seen a consistent performance, characterised by healthy credit growth and stable asset quality, even as the banking sector has faced pressures on net interest margins.  Along with that, the company’s board has recommended a final dividend of ₹12 per share, a move that reflects the management’s confidence in the bank’s long-term earning potential.  Loan Book and Core Earnings ICICI bank’s domestic retail loan portfolio expanded by…

Mumbai: Yes Bank delivered a standout performance for Q4 FY26, with net profits rising 45% to ₹1,068 cr as the private sector lender saw a robust growth in Net Interest Income (NII) and a significant reduction in credit costs. These results come after the full reporting period following the takeover of the bank by Japan-based Sumitomo Mitsui Banking Corporation (SMBC). Through its involvement, the management could focus on growing the bank, rather than just cleaning up its operations. The bank also saw a 10.7% loan growth across segments, focusing on a retail-first model. Along with that, the bank’s SME (Small…

Mumbai: Star Cement, a subsidiary of UltraTech Cement, has entered into a definitive agreement to acquire a 100% stake in Nitesh Minerals for ₹ 17.19 crorek, the company said in a press release. This development comes a day after UltraTech Cement announced it had reached its 200 MTPA milestone, as the Aditya Birla Group company became the world’s largest cement maker outside China.  Jodhpur-based Nitesh Minerals holds limestone mining leases, the primary raw materials for cement production. By bringing the company on board, Star Cement aims to secure its limestone supply, unlocking significant logistical benefits aligning with the company’s broader…

London: The US-Iran war, now in its second month, has snowballed into a threat that could disrupt more than just the Middle East. With the Strait of Hormuz effectively blocking crude oil shipments, aviation experts have warned of a critical shortage of Aviation Turbine Fuel (ATF), which could threaten the civil aviation market as we know it.  The Countdown For Europe, one of the world’s leading civil aviation markets, the threat of the war is beginning to show up only now.  According to the International Air Transport Association (IATA), flights in Europe could start to get cancelled from the end…

Mumbai: Jio Financial Services Limited(JFSL) Q4 FY 26 results have been a mixed bag, even as the company has somewhat managed to leverage its unmatched lead through the Jio brand. Despite a 106.49% surge in consolidated revenue to ₹1,020 crore , the company’s consolidated net profit for the March 2026 quarter declined by 13.88% year-on-year (YoY) as the company has had to invest in building its digital infrastructure and product ecosystem. The Expansion Bill: Scaling JFSL Over the past year, the company has pivoted from a holding entity into an active financial services player rolling out its digital lending, Mutual…