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JSW Energy is acquiring Maruti Clean Coal & Power Limited for Rs 1,410 crore. This move supports JSW Energy's goal of reaching 30GW capacity by 2030. The acquired company operates a 300 MW thermal plant in Chhattisgarh. This acquisition strengthens JSW Energy's thermal portfolio and cash flows. It also enhances regional thermal power operations.

India’s inflation path is granting the Reserve Bank of India additional flexibility to maintain rates...

HYDERABAD: Union Minister of Coal and Mines G. Kishan Reddy officially released the framework and declaration poster for the 6th International Conference on Green Energy (ICGTPF 6.0). This event aims to speed up India’s shift to renewable energy. Furthermore, the framework was unveiled at a ceremony in Hyderabad. It sets the stage for the global [...]<![CDATA[HYDERABAD: Union Minister of Coal and Mines G. Kishan Reddy officially released the framework and declaration poster for the 6th International Conference on Green Energy (ICGTPF 6.0). This event aims to speed up India's shift to renewable energy. Furthermore, the framework was unveiled at a ceremony in Hyderabad. It sets the stage for the global summit on August 28–29, 2026. The Chandradeep Solar Research Institute (CDSRI) is organizing ICGTPF 6.0. The summit will focus on three main areas: Industrial Energy 4.0, Green Mining, and AI-driven Decarbonization. These goals align with NITI Aayog's Energy Vision 2047. In addition, the commercial pavilion for ICGTPF 6.0 is now an international technology marketplace. PowerUp Off-Grid Services (UK) is the Lead Anchor Partner. Kazam, an Indian clean-tech company, is the Lead Technical Partner. Moreover, Diplomatic delegations from the British, Canadian, and Korean Consulates will attend the summit. Organizers say their presence will help more than 2,000 corporate and MSME delegates and local manufacturers explore international trade, partnerships, and technology transfers, all in Hyderabad. To address the industry challengs, the summit will include a cost-optimization track. This aims to help heavy-industry consumers cut energy costs by up to 40%. Industrial exhibitors at the summit will receive the M.S. Swaminathan Green Excellence Certificate for their work in sustainability. This award has also gone to leaders such as the Chairman and Managing Director of Navratna PSU NLC India Limited. The International Conference on Green Energy, Powering MSMEs for Future (ICGTPF) is now a leading platform for renewable technology in India. Mahindra University, IEEE Hyderabad Section, and IEEE Power and Energy Chapter are Knowledge Partners for the conference. Led by CDSRI, the conference connects government policymakers, diplomats, clean-tech innovators, and commercial consumers. After the successful 4.0 edition, which featured top Navratna PSU leaders, the 6.0 global framework aims to boost carbon reduction, grid modernization, and sustainable growth. ]]>

Parag Parikh Flexi Cap Fund, India's largest active mutual fund, increased exposure to several banking and IT stocks in May, trimmed its holding in Cipla, and maintained a 14.77% cash allocation.

India Inc cash pile tops $200 billion in FY26 as Nifty 500 firms hoard liquidity, led by Reliance Industries, while dividend payouts fall and debt rises modestly

New Delhi : India’s inflation trajectory is giving the Reserve Bank of India more room to hold rates through Q1FY27, but food and fuel risks could still flip the script in H2. Yes Securities expects headline CPI for Q1FY27 to undershoot RBI’s 4.2 per cent forecast as the May print at 3.93 per cent YoY [...] The post CPI in June quarter likely to undershoot RBI forecast, rate hike probability drops ahead of monsoon risks appeared first on KalingaTV .

New Delhi: Commerce and Industry Minister Piyush Goyal on Saturday said that serving ‘Bharat’ under the dynamic leadership of Prime Minister Narendra Modi

New Delhi June 13 IANS Commerce and Industry Minister Piyush Goyal on Saturday said that serving Bharat under the dynamic leadership of Prime Minister Narendra Modi has been one of the greatest honours of my lifenbspReplying to PM Modi who extended birthday greetings to him Goyal said on X that the nation is fortunate to have you as the longest serving Prime Minister and I will always be committed to work tirelessly under your guidance in our transformative journey towards Viksit Bharat 2047 and a prosperous future for every BharatiyaYour vision and commitment to nationbuilding will always be a constant source of inspiration and strength he further statedPM Modi earlier posted on X that the Commerce Minister is making a great contribution in boosting trade and commerce thereby strengthening our selfreliance and making India prosperous Praying for his long and healthy lifeUnion Home Minister Amit Shah also conveyed his wishes highlighting Goyals role in furthering the governments development agendaMeanwhile Goyal is visiting Switzerlands capital Berne for discussions with senior representatives of the Swiss government and leaders of the Alpine countrys pharmaceutical industry according to an official statementThe deliberations were expected to focus on the implementation of the Trade and Economic Partnership Agreement TEPA addressing operational issues arising from the agreement and enhancing bilateral trade investment and institutional cooperationDuring the visit Goyal was scheduled to meet State Secretary for Economic Affairs Helene Budliger Artieda and Federal President Guy Parmelin He will also interact with leading representatives of the Swiss pharmaceutical industry the statement said this weekGoyal has held several key positions in the Union government over the years He previously served as the Leader of the House in the Rajya Sabha and has headed important ministries including Consumer Affairs Food and Public Distribution Textiles Railways Finance Corporate Affairs Coal Power New and Renewable Energy and MinesIANS

Delhi consumers using over 500 units may see higher electricity bills under the new DERC surcharge mechanism. The post Big jolt to Delhi residents: Electricity bill may soon rise, check usage limit, rate hike appeared first on News24 .

An inter-ministerial panel will meet next week to decide on extending India's war-linked customs duty relief on critical raw material imports, with petrochemicals likely getting a September reprieve, fresh relief under discussion for pharma and steel, and new duties being considered on locally-made electronics. Key Takeaways The customs duty exemption on 40 critical petrochemical products, set to expire June 30, is under active review, the panel is expected to discuss a possible extension to September 2026, though no decision has been confirmed. CBIC member Sanjay Mangal, during the April 2 inter-ministerial briefing, referred to government estimates suggesting that the three-month petrochemical duty exemption could cost nearly ₹1,800 crore in foregone customs revenue. The government is examining whether duty relief on petrochemicals used for plastics and pharmaceutical goods should continue beyond June 30, with a senior commerce ministry official confirming the review is underway as per Business Standard. The inter-ministerial panel will also take up duty cut requests from pharma, steel, ceramics, diamond polishing, polyester textiles, specialty chemicals, flexible packaging, and auto components. The same panel is considering imposing fresh import duties on select electronics where domestic manufacturing capacity already exists, a direct Make in India protection move. Why June 30 Is the Date Every Manufacturer Is Watching In a gazette notification issued on April 1, 2026, the Ministry of Finance granted a full customs duty exemption on 40 specified petrochemical feedstocks and polymers, effective from April 2 to June 30, 2026, describing it as a "temporary and targeted relief" to counter supply chain disruptions caused by the ongoing conflict in the Middle East. That deadline expires in days. India is now considering extending customs duty exemptions on select petrochemical imports beyond June 30 as it assesses the needs of domestic industries that rely on such products as key inputs. The inter-ministerial panel, which has already held 20 meetings since the West Asia conflict began, will meet next week to settle the question. What the April Exemption Covered The Finance Ministry exempted a total of 40 goods from customs duty, including methanol, anhydrous ammonia, toluene, styrene, dichloromethane, and vinyl chloride monomer, among others. The exemption was expected to benefit sectors dependent on petrochemical feedstock and intermediates, plastics, packaging, textiles, pharmaceuticals, chemicals, and automotive components. Petrochemical Product Primary Use Normal Customs Duty Duty Status Polypropylene Packaging, auto parts, textiles 7.5% Zero till June 30 Polyvinyl Chloride (PVC) Construction, pipes, packaging 7.5% Zero till June 30 Anhydrous Ammonia Fertiliser, pharma inputs 5% Zero till June 30 Methanol Chemicals, pharma, fuel blending 5% Zero till June 30 Polycarbonates Electronics, auto, medical 7.5% Zero till June 30 Acetic Acid Pharma, textiles, chemicals 5% Zero till June 30 Toluene / Styrene Chemicals, plastics, coatings 2.5–5% Zero till June 30 Source: Ministry of Finance Gazette Notification, April 1, 2026; CBIC Three Items on the Panel's Agenda A senior government official told ET that the meeting will cover three specific areas, extension of existing relief, fresh relief on more industrial inputs, and new duties on electronics where India is self-reliant. 1. Extending petrochemical relief — probable but not confirmed The petrochemical extension to September is the most consequential near-term decision. A senior commerce ministry official indicated the government is examining whether the relief should continue beyond the current deadline, telling Reuters that India will consider extending import tax exemptions on petrochemicals used for plastics and pharmaceutical goods beyond June 30 to help local industries. However, the panel review is still pending, and the outcome is subject to assessment of supply conditions and revenue impact. 2. Fresh duty relief for pharma, steel, and more Beyond petrochemicals, industries formally requesting fresh duty cuts include ceramics and diamond polishing, polyester textiles, specialty chemicals, flexible packaging, and auto components. The Indian Drug Manufacturers' Association (IDMA) welcomed the April exemption, with IDMA Executive Director Ashok K. Madan stating it helps the industry manage rising input costs and ensures stability in production, while also benefiting consumers by preventing sharp price increases in essential medicines. The National President of the Indian Drug Manufacturers Association, Dr. Viranchi Shah, added that waiving import duties on key solvents and chemicals used in API and formulation manufacturing will help curb recent price escalation. 3. New import duties on self-reliant electronics This is the new directional signal in the panel's agenda. The government is considering levying fresh duties on select electronic items and parts where domestic manufacturing capacity is established. The rationale: electronics goods imports totalled $116.2 billion in FY26, surpassing gold imports for the first time, and with domestic capacity now available in several sub-segments, import protection becomes the logical next lever. Track how FII-DII flows and sector positioning are shifting in response to India's evolving trade policy. → View Live FII-DII Data on NiftyTrader Sectors Seeking Relief: Who Needs What Sector Relief Requested Key Input at Risk Why It Matters Pharmaceuticals Duty cut on API/drug inputs Petrochemical intermediates Input cost surge; drug price pressure on consumers Steel Duty cut on raw material inputs Coking coal, ferroalloys Global supply tightening post-Iran war Ceramics Duty waiver on raw inputs Mineral intermediates Energy cost pass-through accelerating Diamond Polishing Relief on rough diamond imports Rough diamonds Gulf shipping disruption Polyester Textiles Duty cut on fibre inputs PTA, MEG (petrochemical-linked) Margins under pressure from raw material spike Specialty Chemicals Broader exemption coverage Chemical feedstocks Strait of Hormuz closure still affecting supply Flexible Packaging Extend exemption Polypropylene, PET OEM and FMCG packaging cost blowout Auto Components Extend exemption Plastics, rubber, polyurethane Cascading cost pressure across OEM supply chains Source: Economic Times, Ministry of Finance inter-ministerial review — June 2026 Read More: Why BPCL, Asian Paints and Eternal Stocks Fell as Brent Crude Nears $100 Industry Voice: What Manufacturers Are Saying Sudarshan Jain, Secretary-General of the Indian Pharmaceutical Alliance, noted that the crisis has had a deep impact on the supply chain, specifically affecting energy, freight, and delivery timelines. Namit Joshi, Chairman of Pharmexil, said the exemption offers major relief to the pharmaceutical sector by stabilising prices and benefiting manufacturers, solvent suppliers, and consumers, describing it as a timely and forward-looking step to strengthen supply chains. From the auto sector, CEO of the Federation of Automobile Dealers Associations, Saharsh Damani, called it a pre-emptive step by the government, noting that since many auto components rely on petrochemical inputs like plastics and polymers, the exemption may reduce disruption risks and contain cost pressures. Nuclear Power: Retrospective Relief Granted On June 11, the Finance Ministry issued an order granting retrospective customs duty exemption on all goods imported for nuclear power generation between April 1, 2019, and January 31, 2026, a seven-year lookback that clears outstanding tax liabilities for NPCIL and its equipment suppliers. The move is expected to reduce project costs for nuclear power developers and equipment suppliers involved in nuclear power generation projects. The Budget for FY2026-27, presented in February, had already extended fresh nuclear power import exemptions until 2035. The retrospective order fills the gap between those two windows. Bottom Line The inter-ministerial panel meeting next week is not a routine review; it is effectively a mid-year trade policy decision point that will set input cost conditions for eight major Indian industries through Q3 FY27. For equity investors, sectors with the most direct exposure to the outcome are chemicals and petrochemicals (NOCIL, Aarti Industries, SRF); pharma (Sun Pharma, Cipla, Dr Reddy's for API cost relief); auto components (Motherson, Minda, Sona BLW); and electronics (Dixon Technologies, Kaynes Technology stand to benefit from fresh import duties on competing products). The nuclear duty waiver is a quiet but meaningful positive for NPCIL project economics and their equipment supplier ecosystem. Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions.