Many discoms have chosen to wait for lower tariffs rather than sign PSAs straightaway, holding up the whole process. Rating agency Icra said on Thursday that only 5.8 GW of renewable capacity has been awarded in the first eight months of FY26. India awarded 47.3 GW in FY24 and 40.6 GW in FY25. Unsigned PPA…
More than two years after the Digital Personal Data Protection Act, 2023 (DPDP Act) was passed by parliament, the ministry of electronics & information technology (MeitY) has notified the rules and established a four-member data-protection board, bringing the law into effect. The board will oversee compliance, hear grievances, and impose penalties when the provisions of…
Bank holiday next week: All private and public sector banks across the country will remain closed on just one day this week — Sunday, 30 November — in line with regular weekly holiday. Aside from this scheduled holiday, banks are expected to operate as usual on all other days of the week. Bank holidays in…
With India now seeing the arrival of Mounjaro and Wegovy, and cheaper generics expected once semaglutide goes off patent, top labs are curating specialized programmes to track cardiac, liver, pancreatic and metabolic markers for patients starting these treatments. Their bet: as GLP-1 therapy expands from diabetics to the broader obesity segment, diagnostics will become the…
The finance ministry’s expenditure finance committee (EFC) has approved the ₹7,300 crore production-linked incentives (PLI) scheme, setting the stage for cabinet clearance, two people aware of the matter said. Mint earlier reported that several global and domestic entities including Lynas, Iluka, Rainbow, JSW and Bharat Forge had shown interest in the scheme. “The EFC approved…
Bank holiday today: All private and public sector banks across the country will remain closed today, 22 November, as the date falls on the fourth Saturday of the month. In accordance with the Reserve Bank of India (RBI), banks observe mandatory closure on all second and fourth Saturdays, as well as every Sunday of the…
So far, 34 states and UTs have adopted the Digital Agriculture Mission (DAM), which is aimed at transforming India’s farm sector through technology, two government officials told Mint, requesting anonymity. These states and UTs will now help create and implement digital public infrastructure (DPI) for agriculture, said one of the people cited above. Since agriculture…
Environmentalists warn the recall could weaken the principle of prior scrutiny, while industry groups see it as a practical correction that prevents the shutdown of major public and private works worth over ₹20,000 crore. The lone dissent has amplified concerns that retrospective approvals may gain wider acceptance unless the law is clearly restated. Mint breaks…
NEW DELHI: Indian public sector oil marketing companies (OMCs) are set to post more than 50% growth in operating profits in the current financial year (FY26), reaching $18-20 per barrel, driven by strong marketing margins, according to a Crisil Ratings report released on Friday. The report estimates that higher profits will boost cumulative cash accruals…
New Delhi: India’s textile industry largely welcomed the government’s rollout of four new labour codes on Friday. It especially praised the decision to allow women to work night shifts, saying this would help factories operate more efficiently and increase production. Exporters said the change would improve productivity and make Indian garments more competitive in global…