JINDAL POWER
Jindal Power gets $470 million loan for Botswana project
Jindal Power Ltd. has acquired a $470 million loan to fuel its ambitious power project in Botswana. The financing is backed by three Indian banks, alongside participation from international institutional lenders. This initiative aligns with Jindal's previous international expansion efforts and leverages Botswana's extensive coal resources, which are essential for catering to local electricity requirements.
Infosys Prize 2026 honours six young researchers across science & arts
At a recent press event, the Infosys Science Foundation celebrated the winners of the Infosys Prize 2026, honoring six promising early-career researchers for their remarkable achievements in diverse fields. Each recipient will be awarded a gold medal along with a substantial monetary prize of $100,000, designed to motivate emerging scholars and further their academic journeys, while reinforcing the foundation's commitment to fostering innovation and research excellence.
West Bengal may get 1 lakh crore investments in a few months: Suvendu Adhikari
Suvendu Adhikari said the BJP-led government would offer incentives starting May 9, but would be unable to clear the industrial incentives backlog of nearly Rs 50,000 crore owing to the state's debt burden of Rs 8 lakh crore. He promised to clear the backlog once West Bengal becomes a financially stronger state like Gujarat, Maharashtra and Tamil Nadu in the next two years.
Sajjan Jindal likely to lay foundation of second Bengal unit in January, says CM Suvendu Adhikari
Chief Minister Suvendu Adhikari announced discussions with industrialist Sajjan Jindal regarding investments in West Bengal. Jindal plans to conduct a bhumipujan for his second unit in January 2027. The meeting focused on potential investments in various sectors including power and steel. Jindal also expressed intentions to engage in ITI skill training initiatives. Additionally, he plans to renovate several temples in coordination with the government.
JSW Group's Sajjan Jindal meets Bengal CM Suvendu Adhikari to discuss investment plans
Sajjan Jindal's JSW Group had signed a historic agreement during the Left Front regime in 2007 to set up a mega integrated steel, power, and cement complex in West Midnapore's Salboni, which was around Rs 35,000 crore, it was the single largest private investment ever pledged to West Bengal at the time.
ET Prime Special Series: Multibagger or IBC - Part 83: Under this auto ancillary’s hood, sales and profits tell different stories
Some auto suppliers spend years trying to win a major customer. This business has been associated with one for four decades. That has helped build manufacturing scale, product capabilities, and a presence near auto plants. But it also creates an unusual equation for investors. Nearly 90% of the company's FY26 revenue is from sales to one related customer. Its portfolio spans parts that can survive the EV transition and others more closely tied to ICE vehicles. The story is about how durable customer access becomes durable returns.
FPI holding hits multi-year lows in 70% of top 100 Indian companies
Foreign investors have significantly reduced their holdings in nearly 70% of India's leading companies in recent years. Major firms, including banks and IT sectors, are seeing foreign ownership decline to multi-decade lows. This decrease in foreign investments mirrors diminished expectations for growth in India relative to other global markets. Although some companies experience slight increases in foreign ownership, they still remain at historical lows.
Wealthtech firm PowerUp Money raises $10 million led by Flourish Ventures
PowerUp Money was founded in 2024 by Jindal, who had previously cofounded Uni Cards. It offers mutual fund advisory services to retail investors, at time when the Indian mutual fund industry is seeing record SIP inflows. The company has more than 1.5 million customers tracking portfolios worth over Rs 2.5 lakh crore on its platform.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities fell over 2% last week as rising crude oil prices, FII outflows and geopolitical tensions weighed on sentiment. Broader markets underperformed, while global indices also declined and market breadth strongly favoured bears.
Adani Wind bags 696 MW turbine orders from 5 power producers, targets 10 GW capacity
Adani Wind has received significant orders for 696.2 megawatts of wind turbines from five power producers. The contracts involve projects in states such as Karnataka, Gujarat, and Maharashtra. Plans are in place to increase annual manufacturing capacity at its facility in Mundra from 2.25 GW to 5 GW. Additionally, the company aims for a long-term manufacturing capacity target of 10 GW.
Volkswagen freezes India EV investment as JSW partnership talks continue
Volkswagen has paused further investment in its India electric-vehicle programme pending greater clarity on a potential partnership with Sajjan Jindal’s JSW Group. The German automaker has completed preliminary design work using a low-cost EV platform developed for China but awaits a clearer business plan. The pause could delay its India EV push as competition intensifies and affordable electric-car sales accelerate.
What kind of AI economy does India want to build?
India's debate on regulating artificial intelligence is evolving and mostly focuses on copyright and economic incentives. Recent legal rulings highlight the conflict between copyright law and the needs of AI developers. The government is investing in domestic AI capabilities to enhance innovation and competition. Additionally, regulatory frameworks must align with overarching economic goals and public welfare.
Broader markets crash! Small, midcap indices tumble up to 4%. Why analysts are sounding the alarm
Smallcap and midcap stocks plunged up to 4% on Friday, extending a sharp weekly selloff as analysts warned that valuations remain difficult to justify. The Nifty Smallcap 250 index has fallen around 8% this week, while the Nifty Midcap 100 is down 6%, despite a resilient earnings growth outlook.
Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India
Indian equity markets faced continued downward pressure, marked by persistent selling and negative global indicators. The Nifty 50 index saw a decline, with analysts pointing out critical resistance and support points. Numerous companies disclosed their financial results, showcasing a mix of profits and setbacks for the September quarter. As various firms prepare to announce their quarterly earnings, market participants should remain vigilant over the coming days.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities fell sharply as rising crude prices, rupee weakness and global uncertainties pressured sentiment. Sensex lost over 460 points, Nifty declined 124 points, and BSE-listed companies lost Rs 3 lakh crore in market value.
Ahead of Market: 10 things that will decide stock market action on Thursday
Sensex and Nifty ended above pre-closing auction session levels after extreme volatility, despite an Rs 8 lakh crore market selloff. Elevated crude prices, foreign investor outflows and weak market breadth kept sentiment cautious.
Nagpur’s industrial push gains momentum, but MSMEs face rising power costs and land hurdles
With major industrial investments taking shape across Vidarbha, industry stakeholders believe Nagpur has an opportunity to emerge as a diversified manufacturing and technology centre.
Blackouts hit Indian factories as coal crunch feeds into economy
Indian industries and households are grappling with power shortages due to reduced coal supplies and extreme weather conditions. The weak monsoon has limited hydropower generation while demand for electricity has surged. Many factories, including small steel mills, are facing lengthy outages, impacting production and increasing costs. Consumers in states like Uttar Pradesh are experiencing significant blackouts, prompting investments in backup systems.
Gautam Adani overtakes Mukesh Ambani on Forbes India's 100 Richest list 2026: Check top 10 richest Indians and full list
In 2026, Gautam Adani reclaimed his position as India's richest person with a net worth of $112.7 billion. Mukesh Ambani fell to second place with a net worth of $86.3 billion after significant losses. Savitri Jindal retained her position as the richest woman in India, with a fortune of $39.8 billion. Lakshmi Mittal experienced the most significant increase in wealth, jumping to fourth place.
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