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India presses ahead with Russian oil imports despite US tariff escalation

19Apr

By Newscript News NetworkNo Comments

Oil & Gas Industry

India presses ahead with Russian oil imports despite US tariff escalation

India is preparing to lift Russian crude purchases by as much as a fifth in September, ignoring Washington’s tariff offensive that has pushed duties on Indian goods to 50 per cent. The decision underscores New Delhi’s determination to secure affordable fuel supplies even as its largest trading partner ratchets up pressure. The White House last week doubled tariffs from 25 to 50 per cent, with trade adviser Peter Navarro accusing India of “financing Putin’s war machine” through discounted oil deals. Indian refiners show little sign of retreat. State-owned Indian Oil Corporation and Bharat Petroleum have booked additional September cargoes after briefly halting in July, according to industry executives. Private refiners Reliance Industries and Nayara Energy, which together account for ...

Market Euphoria or Fundamental Value? Vikram Solar’s 143x Oversubscription

19Apr

By Newscript News NetworkNo Comments

Corporate Watch, News Update

Market Euphoria or Fundamental Value? Vikram Solar’s 143x Oversubscription

Vikram Solar’s IPO, oversubscribed an extraordinary 143 times, has become emblematic of India’s green equity appetite. The ₹1,500 crore raise reflects both investor optimism and the government’s manufacturing push through the PLI scheme for solar PVs. Half the allocation went to institutions, 35% to retail investors—ensuring wide market participation. Grey market premiums hinted at quick listing gains, but the deeper story lies in policy. IPO proceeds will fund expansion into high-efficiency mono PERC and bifacial module manufacturing, directly supporting India’s plan to reduce dependence on Chinese imports. “The oversubscription validates the Make in India story,” said a Delhi brokerage analyst. “Investors want exposure to domestic champions aligned with national strategy.” Chall...

Green Finance Stocks and Mutual Funds: The New Investment Frontier

19Apr

By Newscript News NetworkNo Comments

ESG

Green Finance Stocks and Mutual Funds: The New Investment Frontier

India’s green finance market has emerged as a powerful magnet for both retail and institutional investors, with ₹32 trillion ($386 billion) already committed through funds, bonds, and equity allocations. “Green finance is no longer niche—it is mainstream,” said Navneet Munot, CEO of HDFC Mutual Fund. “Investors see clean energy as a source of consistent returns and risk diversification.” The country’s march towards sourcing 50 per cent of power from non-fossil fuels by 2030 is fuelling growth in ESG funds, green ETFs, and renewable-linked bonds. Leading asset managers including SBI, Kotak, and ICICI have launched dedicated clean energy schemes, which have outperformed benchmark indices over the past two years. Investor frameworks now demand transparent climate risk disclosures and...

India’s Record $125 Billion Infrastructure and Green Energy Synergy

19Apr

By Newscript News NetworkNo Comments

Renewables

India’s Record $125 Billion Infrastructure and Green Energy Synergy

India has earmarked ₹11.2 trillion ($125 billion) for infrastructure spending in FY 2025–26, with a sharp focus on green energy, transmission capacity, and smart grids. The allocation, the same as last year’s, reflects continuity in public investment aimed at catalysing private capital. “This is the decade of infrastructure, and clean energy is at its core,” finance minister Nirmala Sitharaman said while presenting the budget. The outlay blends investments across energy, transport, and defense. Crucially, it ties into a broader ₹67.42 trillion ($800 billion) pipeline of projects in green hydrogen, clean manufacturing, and semiconductors—signalling India’s intent to become a hub for sustainable industrial ecosystems. Policy reforms—such as streamlined land acquisition, faster envir...

Renewable energy firms prepare ₹25,000 crore IPO wave

19Apr

By Newscript News NetworkNo Comments

Renewables

Renewable energy firms prepare ₹25,000 crore IPO wave

India’s renewable energy companies are preparing initial public offerings worth more than ₹25,000 crore. INOX Clean Energy will lead with a ₹6,000 crore issue, the country’s largest renewable IPO to date. Hero Future Energies, backed by KKR, is targeting ₹5,000 crore. Emmvee Photovoltaic and Juniper Green Energy are each seeking about ₹3,000 crore. The push follows $11.8bn of renewable investment in the first half of 2025, the second-highest six-month inflow on record. The government’s ₹20 lakh crore clean energy plan by 2030 has increased demand for equity financing, which typically covers 20 per cent of project costs. Domestic content rules for solar contracts came into effect this month, supporting local manufacturers. Avaada Group has secured 14 GW of power purchase agreements...

AI Revolution in Clean Energy Grid Planning

19Apr

By Newscript News NetworkNo Comments

Renewables

AI Revolution in Clean Energy Grid Planning

Artificial intelligence is reshaping renewable energy economics, with India joining global peers in deploying AI-backed forecasting, trading, and grid management tools. “AI is emerging as the secret weapon to unlock higher penetration of renewables,” said Rahul Tongia, senior fellow at the Centre for Social and Economic Progress. “Forecasting accuracy is improving by over 30 per cent compared to traditional models.” AI-powered systems allow developers and grid operators to predict fluctuations in solar and wind generation with real-time precision, reducing curtailments and stabilising revenues. Utilities are also embracing AI-driven digital twins to simulate grid performance, cutting planning cycles by nearly half. For investors, the technology offers higher certainty of returns b...

NTPC and Adani Power highlight competing models in electricity

19Apr

By Newscript News NetworkNo Comments

Power

NTPC and Adani Power highlight competing models in electricity

India’s electricity sector is witnessing a contest between state-owned NTPC and private rival Adani Power, with scale pitched against efficiency. NTPC remains the dominant generator, producing 439bn units last year from 80GW of installed capacity. The company mines coal from nine blocks and operates thermal, solar and hydro assets. It plans to add 30GW of nuclear capacity, cementing its role as the country’s energy backbone. Adani Power, while smaller, outshines on profitability. It produced 96bn units but posted a 37.9 per cent operating margin, compared with NTPC’s 28.77 per cent. Return on equity was 25.6 per cent, almost double NTPC’s 13.6 per cent. The contrast stems from approach. Adani sells nearly 90 per cent of its output under long-term contracts, securing stable revenue...

The Tariff That Struck a Nerve: India–US Trade in Turmoil

19Apr

By Newscript News NetworkNo Comments

Geopolitics

The Tariff That Struck a Nerve: India–US Trade in Turmoil

Newscript, August 5, 2025 By Pallab Bhattacharya Introduction A silence hung over India’s financial markets the morning after President Donald Trump’s announcement. Then came the tremor. Starting August 7, Indian exports to the United States—worth nearly $87 billion—will be slapped with a blanket 25% tariff, a fourfold jump from the average 2024 rate. From artisanal shawls in Kashmir to iPhones assembled in Chennai, the imposition cuts across every sector of India's export machinery. What’s at stake is not just commerce—but a hard-won strategic equation that has defined India–US relations for over three decades. This is not the first time trade has been weaponised by Washington. But for India, the timing is unprecedented. Just as it emerged as a China+1 manufacturi...

EV makers added to Nifty Smallcap 250 as Sterling & Wilson exits

19Apr

By Newscript News NetworkNo Comments

EV

EV makers added to Nifty Smallcap 250 as Sterling & Wilson exits

Ola Electric and Ather Energy will join the Nifty Smallcap 250 index next month, each expected to attract around $2mn in passive inflows as portfolios are rebalanced. The additions come despite continued losses. Ola reported revenue of ₹4,514 crore in FY25, down 9.9 per cent, with losses widening to ₹2,276 crore. Ather’s shares recently hit the 20 per cent upper circuit but the company remains unprofitable. Sterling & Wilson Solar will exit the index, leading to comparable outflows. Project delays and margin pressures have weakened performance. The index reshuffle underlines contrasting fortunes in India’s clean energy transition: electric vehicle manufacturers gaining institutional acceptance, while a solar engineering contractor loses ground.

Akshay Urja Day 2025 Highlights India’s Clean Energy Transformation

19Apr

By Newscript News NetworkNo Comments

News Update

Akshay Urja Day 2025 Highlights India’s Clean Energy Transformation

By Newscript News Network August 20,2025 India marked Akshay Urja Day 2025 on August 20 with a celebration of its renewable achievements and climate commitments. From a modest 2.82 GW of renewable capacity in 2014, the country has grown to 116.24 GW by August 2025, with solar contributing nearly 48%. The symbolic day has become an annual moment to showcase India’s progress towards its 500 GW non-fossil capacity goal by 2030. Government officials highlighted flagship programmes such as the National Solar Mission, ultra-mega renewable parks, offshore wind policy and the National Green Hydrogen Mission. “India’s clean energy journey is no longer aspirational—it is operational,” a senior official said. Globally, India now ranks among the top three in annual renewable capacity addit...