India’s energy festival returns with the theme ‘Ground Zero for Net-Zero’
The climate crisis demands immediate action and collective effort across countries, industries, and communities with local, indigenous innovations and advanced, worldwide technological advancements coming together to achieve a sustainable, net-zero future. To accelerate this momentum,

Green energy, AI to shape future of humanity: Mukesh Ambani
Reliance Industries chairman and MD Mukesh Ambani on Tuesday said green energy and artificial intelligence (AI) will shape the future of humanity.

India to set the ball rolling on National Critical Mineral Mission with ₹15,000-20,000 cr outlay
New Delhi: India is looking at a probable ₹15,000-20,0000 crore outlay push for the National Critical Minerals Mission (NCMM) aimed at securing strategic resources like lithium, both within the country and overseas. The Mission is likely to be tabled for Cabinet approval tomorrow, highly-placed sources told businessline.

Green energy, AI to shape future of humanity: Mukesh Ambani
“I am supremely confident that green technologies and green enterprises can reverse the ecological degradation and ─ indeed ─ make our planet more beautiful and more liveable for future generations,” Ambani said.

Review of states’ power to tax mineral rights required: JSW Steel CEO Jayant Acharya
The world is raising barriers and there should be a level-playing field for Indian steelmakers battling surging low-cost Chinese imports, JSW Steel joint managing director and CEO Jayant Acharya tells Sambit Saha of The Telegraph. Acharya also talks about his budget wish list, trade measures, JSW’s capex programme and the need to be within the guardrail of fiscal prudence. An edited excerpt...

Steel industry: Upcoming Budget Critical for India's Steel Industry Growth
The Indian steel industry will be looking for two key announcements from finance minister Nirmala Sitharaman in the upcoming Union budget – continued investment in infrastructure and a safeguard duty on the import of the alloy.

Jindal Steel and Power to Invest Rs 70,000 crore more in Odisha to Drive Industrial and Social Transformation

The announcement was made by Naveen Jindal, Chairman of Jindal Steel and Power, during the three-day Utkarsh Odisha 2025 event held in Bhubaneswar, in the august presence of Prime Minister Narendra Modi and Odisha's Chief Minister Mohan Charan Majhi. The event celebrated Odisha's pivotal role in India's industrial growth and its emergence as a global development hub.

Tata Steel’s profit plunges 43 pc at 295 crore in Q3, revenue slips

New Delhi: Tata Steel on Monday reported a 43 per cent drop in net profit for the third quarter ended December 31 (Q3 FY25). The company’s net profit stood at Rs 295.49 crore compared to Rs 522.14 crore in the same period a year ago.

Tata Steel plans to add 10 mtpa capacity in Odisha
 

Trump hand forces hike in gold lease rates for Indian jeweller
Jewellery makers in India may soon have to pay more to lease the yellow metal from banks, as US president Donald Trump's tariff rampage rattles intermediaries in the world bullion market.

Augmont launches spot trading in lab-grown diamonds
Augmont, which claims to be the largest gold trading platform in the country, has added spot trading in lab-grown diamonds, which will enable buyers and sellers trade with transparency and better price discovery.
 

Hindustan Zinc puts off demerger plans amid government opposition and Vedanta split
New Delhi: Vedanta-owned Hindustan Zinc Ltd, the country’s leading producer of zinc and silver, has put on hold its demerger plans. Asked if demerger plans have been put on the back-burner, Arun Misra, CEO and whole-time director of Hindustan Zinc, told businessline, “Every good idea needs to find a right time. At present, there are various priority areas such as strengthening our presence in other metals, foray into critical minerals, demerger of parent Vedanta and so on.” Objections from the government — a minority shareholder — the company will focus on creating and stabilising new verticals covering “other metals,” including precious ones like gold, copper and critical minerals.

Hindustan Zinc Q3 Results: Profit rises by 32.05% to Rs 2,678 crore on metal volume, cost reduction and market tailwinds
Hindustan Zinc Ltd on Tuesday released its fiscal third quarter earnings with profit at Rs 2,678 crore, posting a growth of 32.05 per cent in comparison to Rs 2,028 crore during the third quarter of previous financial year, surpassing estimates. The profit growth was driven by metal volume, cost reduction and market tailwinds, it said. It posted revenue from operations at Rs 8,315 crore, up 17.66 per cent as against Rs 7,067 crore during the corresponding quarter of FY24. The company EBITDA stood at Rs 4,499 crore.

Maharashtra sets up panel to explore phasing out petrol and diesel vehicles in Mumbai
The Maharashtra government has formed a seven-member committee to explore the possibility of banning petrol and diesel vehicles in Mumbai Metropolitan Region and allowing only CNG and electric vehicles in view of the city's worsening air quality. The panel, headed by retired IAS officer Sudhir Kumar Shrivastava, will study and submit a report with its recommendations within three months, as per the government resolution (GR) dated January 22.

IOC sets capex target for FY26 at Rs 33,000 crore
State-owned major oil marketing company Indian Oil Corp (IOC) has set its capex target for the next fiscal year 2025-26 at Rs 33,000 crore against the capex target of Rs 35,000 crore in FY25, the company said on Tuesday. As of December, the company has incurred a capex of Rs 28,000 crore for the fiscal. 

Nayara, Jio-BP sell fuel on discount; state-run OMCs lose market share
New Delhi: Private fuel retailers are cutting prices and eating into the market share of their public sector peers, passing on the benefit of cheaper Russian crude oil to their customers. While government-owned oil marketing companies (OMCs) that dominate fuel retailing in India have not touched prices since March 2024, Jio-BP and Nayara, which together control 97% of private fuel retail, have cut prices by as much as ₹5 in some regions.

Indian Oil’s net profit crosses Rs 2,873 crore in Oct-Dec quarter
Indian Oil Corporation (IOC) on Monday announced a net profit of Rs 2,873.53 crore for the October-December quarter of the current financial year, which represents a sharp recovery from the mere Rs 180 crore net profit recorded by the company in the preceding quarter.
 

Crude prices to stay between USD 75-85 in 1H2025, USD 65-75 in 2H2025: Report
In the base-case expectations, ICICI Bank sees Brent crude prices trading in the USD 75 per barrel to USD 85 per cent barrel range over 1H2025 and in the USD 65 per barrel to USD 75 per barrel range in 2H2025 assuming a demand slowdown from China kicks in.
 

Coal India shares drop 1% as Q3 net profit falls 17.5%
Bengaluru: Shares of Coal India declined 2 per cent on Tuesday’s trade after the State-run coal miner posted a 17.5 per cent year-on-year decline in its consolidated net profit for the December 2024 quarter to ₹8,491.22 crore. Although optimistic, the brokerages have highlighted  key concerns such as lower realisations from sale, a decline in e-auction premiums, subdued power demand, and a lower-than-expected volume uptick.

Incentives and recoveries fuel NTPC’s Q3. Execution remains crucial
NTPC Ltd’s consolidated Ebitda surged 20% year-on-year to ₹13,700 crore in the December quarter (Q3FY25), driven by lower other expenses and slower growth in fuel costs as coal production ramped up. This came despite a mere 2% rise in power generation due to muted demand.

Indian Oil targets 5-6 GW renewable energy projects in green push
New Delhi: State-run Indian Oil Corporation (IoCL) said on Tuesday that it will acquire 5-6 gigawatts (GW) of solar and wind power projects to expand its green energy portfolio. This is part of the country’s largest oil marketing company’s (OMC) strategy to become a Net Zero carbon dioxide emitter by 2046. “IoCL has multiple strategies to achieve the target. We have a target of 31 GW to be added by 2031. We have a mix of organic route to achieve that. We will be doing this with our joint venture (JV) partners also. We will also be achieving this target through mergers and acquisitions (M&As),” IoCL management said in an investor call.

ACME Solar signs power purchase pact with NHPC for 680 MW project
New Delhi: Renewable energy firm ACME Solar Holdings has signed a power purchase agreement (PPA) with state-owned company NHPC for a project of 680 MW capacity.
 

Actis wins the race for Macquarie’s green energy platform Stride Climate Investments
New Delhi : General Atlantic-owned Actis LLP has signed a sales and purchase agreement (SPA) to buy Macquarie Group Ltd’s green energy platform Stride Climate Investments in a deal with an enterprise value of around $325 million, said two people aware of the development.

JSW Energy posts 27% fall in profits
JSW Energy reported a 27% decline in net profit for Q3FY25 at ₹168 crore, compared to ₹231 crore in Q3FY24, missing analyst estimates of ₹347 crore.

Suzlon Energy Q3 result: Consolidated profit soars 91%, EBITDA surges 102% YoY

Suzlon Energy, on Tuesday, January 28, reported a 91 per cent year-on-year (YoY) jump in consolidated net profit for the December quarter (Q3) of the current financial year. According to the exchange filing, the company's Q3FY25 net profit stood at ₹386.92 crore against ₹203.04 crore in the corresponding quarter of the previous financial year. The company's revenue from operations for the quarter under review stood at ₹2,968.81 crore, up 91 per cent from ₹1,552.91 crore in the same quarter last year.

Indian wind major Suzlon posts 91% profit jump in Q3
Suzlon Group, one of India’s largest renewable energy solutions providers, reported a 91 per cent year-on-year increase in net profit to ₹388 crores for the third quarter ended December 31, 2024. The company’s revenue grew by 91 per cent to ₹2,969 crores, driven by record quarterly deliveries of 447 MW.

India, Oman to amend tax treaty, speed up trade pact
India and Oman on Tuesday signed a protocol to amend the Double Taxation Avoidance (DTAA) between the two countries and agreed to expedite the talks for early signing of Comprehensive Economic Partnership Agreement (CEPA).

Sensex ends 535 pts higher, Nifty above 22,950: Why stock market rose today. 5 key factors behind today's rally
Source Credit: The Economic Times