Silver soars to INR 2.92 lakh/kg
Silver price extended its record-setting rally for the sixth straight day by rising INR3,600 to INR2,92,600 per kg in the national capital on Friday amid sustained buying by stockists, according to the All India Sarafa Association.However, gold of 99.9 per cent purity retreated from its all-time high level and declined by INR1,100 to INR1,46,200 per 10 grams (inclusive of all taxes) from INR1,47,300 per 10 grams in the previous session.

Coal gasification set for Rs 50,000-crore Budget lift
The Union Budget is set to signal a major pivot in India’s coal policy, with the government preparing to anchor a nearly ₹50,000-crore incentive push for coal gasification — one of the largest clean-coal interventions under consideration — as it looks to cut import dependence, revive stranded gas-based power capacity and rebalance the country’s energy mix, a senior coal ministry official said on condition of anonymity.

Waaree Renewable Technologies’ solar park in Maharashtra could need 360 acres & ₹360-420 cr capex
Waaree Renewable Technologies Ltd will set up a 120 MWp solar park in Buldhana in Maharashtra as an Independent Power Project (IPP) project. It will require ₹360–420 crore in capital expenditure and around 360 acres of land for the same, official sources said. Funded through a mix of internal accruals and debt, the project is targeted for completion in FY27, supporting the company’s renewable energy expansion plans. “The proposed 120 MWp solar power park at Buldhana will involve an estimated capital expenditure of ₹3 crore to ₹3.5 crore per MWp. This estimate is comprehensive and includes costs related to land acquisition, solar modules, balance-of-system components, evacuation and grid connectivity infrastructure. The final capex outlay will be determined based on project specifications, procurement timelines, and execution strategy as the project progresses,” Manmohan Sharma, CFO of WRTL told businessline on Friday.

Budget expectations: More funds sought for transmission infra, tax breaks & PLI for polysilicon
The renewables sector expects PLI support for poly silicon and ingots, tax holiday for wind testing infrastructure, a comprehensive climate financing statement and higher allocations for power evacuation corridors, particularly inter-state and green energy corridors, in the upcoming Budget. The expectations of a sustained growth in electricity demand and the rapidly increasing share of renewables in India’s generation mix emphasises the need to prioritise strengthening grid resilience and storage capacities.

Rupee slides to one-month low
The Indian currency on Friday posted the biggest single-day fall in a month on heavy dollar buying by importers, foreign outflows and less intervention from the Reserve Bank of India (RBI), along with dollar strengthening, according to currency traders. 

Markets close higher: Nifty and Sensex end over 0.5% for the week; IT stocks shine
Markets at close: Indian key indices closed Friday’s trade on a high note, slashing intra-day gains. The Nifty 50 finished 29 points or 0.11% higher at 25,994, while the BSE Sensex surged 188 points or 0.23% to end at 83,570. The spotlight remained on IT stocks, contributing the most to the surge of indices.