Steel billionaire Lakshmi Mittal leaves London for Dubai amid UK tax hikes
Indian-origin steel magnate Lakshmi N Mittal, until now based in Britain and a regular on the country’s richest billionaires tally, has decided to quit the UK as the Labour Party-led government’s feared tax shake-up for the super-rich nears, according to a UK media report on Sunday.

Copper set for biggest weekly decline since April as tech selloff continues
London: Copper slumped to a more than two-week low on Friday and was heading for its worst week since April on tech sector fears while US jobs data added to doubts over a potential cut to US interest rates in December. Benchmark three-month copper on the London Metal Exchange was down 1.2 per cent at $10,613.50 a metric tonne by 1021 GMT and on course for a weekly fall of 2.2 per cent, the biggest since the week ended April 4.

GIVA to triple retail network, targets 1,000 stores across India by 2028
D2C fine jewellery brand GIVA plans to aggressively expand its retail footprint to 340 stores by March 2026, and is targeting 800–1,000 stores across India over the next three years, founder Ishendra Agarwal told businessline. Speaking exclusively, Agarwal said around 45 per cent of the new stores will be coming just this fiscal year.

'India needs to phase out coal-based power infrastructure'
 

US major Fluence mulls battery energy storage system manufacturing base in India
New Delhi: Energy storage technology and service provider Fluence Energy is preparing to make India a strategic manufacturing and export base as it diversifies its global supply chain, senior vice-president and president of US operations John Zahurancik said in an interview. The move comes as global energy players rethink sourcing models amid geopolitical shifts and pandemic-era vulnerabilities that exposed risks of over-concentrated production.

Rooftop solar installations gather speed; touch 22.5 GW
Hyderabad-based rooftop solar installer Freyr Energy has been in business for a little over a decade. Its Managing Director and CEO, Saurabh Marda, in a recent chat with businessline, mentioned a telling data point. In the first 10 years, Freyr Energy installed about 12,000 rooftop plants; in 2025-26 alone it will do more than 15,000, and Marda expects the number to touch 30,000 in 2026-27. Last year, Freyr earned revenues of ₹165 crore; Marda says it is on track to reach ₹300 crore this year. The PM Surya Ghar: Muft Bijli Yojana scheme is a big driver. Incidentally, the company does only rooftops for residential and ‘micro’ enterprises.

Mining silver and more from retired solar panels
With global solar energy installation continuing to move north, the number of solar panels reaching their retirement will also increase, resulting in waste. To lower the environmental burden, the concept of solar panel recycling is gaining ground. Beyond Renewables & Recycling, a startup launched in 2024 by Manhar Dixit and Vedant Taneja, is building a large-scale solar waste recycling ecosystem in Rajasthan.

How floating solar can buoy up India’s green transition
Terrestrial solar energy parks have been the norm. But since land is scarce and costly in urban areas, floating solar photovoltaic (FPV) technology offers a viable alternative. India has set itself a target of establishing 500 gigawatts (GW) of non-fossil fuel energy capacity by 2030, including about 280 GW of solar energy. For context, only recently did the country cross the 250-GW mark in non-fossil fuel energy capacity.