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INDIA BUSINESS | Mon, 10 Aug 2026, 12:50AM IST Indias non-fossil power capacity has crossed 300 GW, reaching 60% of its 500-GW target for 2030. Solar leads with 164.59 GW, while non-fossil sources now account for more than 54% of the countrys total installed generation capacity.

Continue reading at Economic Times

1h

INDIA BUSINESS | Mon, 10 Aug 2026, 12:47AM IST Manav Sardana purchased a penthouse for 271 crore, setting a new record. This luxury unit boasts 17,200 sq ft of super area and 10,500 sq ft carpet area. DLF's The Dahlias project has seen significant sales, with prices exceeding 1 lakh per square foot. The developer noted strong interest from tier-two cities and NRI buyers. Earlier, Madhusudan Kela bought a flat in the same project for 120.7 crore.

Continue reading at Economic Times

1h

INDIA BUSINESS | Mon, 10 Aug 2026, 12:39AM IST Coal stocks at Indian power plants are expected to fall to 24-30 million tonnes by September-end from about 37 million tonnes currently, amid seasonal supply constraints, deficient monsoon and higher temperatures, before rebuilding from mid-November.

Continue reading at Economic Times

1h

INDIA NEWS | Mon, 10 Aug 2026, 12:39AM IST New Delhi: Coal stocks at power plants are expected to fall to 24-30 million tonnes (mt) by the end of September from about 37 mt currently, amid lower seasonal dispatch, higher demand during a deficient monsoon and above-normal temperatures, people familiar with the matter said.Coal supplies to thermal power plants have picked up in recent months, even as stocks at generating units have declined from the high levels seen at the start of the financial year because of cooling demand.Stocks at power plants stood at 59.3 mt on April 1, compared with 37.2 mt on August 7.The average number of rakes loaded per day has risen to 436 so far in August from 376 in the corresponding period a year earlier, an official said.133074614"Last year in Q2 average loading was 370 rakes per day, this time it is around 434," another official said.The increase in loading has become more pronounced since June.Average daily loading was 426 rakes in April, 442 in May, 444 in June and 434 in July, compared with 441, 443, 414 and 362 rakes, respectively, in the corresponding months of 2025.The lower rake movement in the initial months was due to higher coal stocks at power plants."Further, if rainfall eases in coal bearing areas, supplies will go up and stock will increase," the official said.Coal stocks across the supply chain currently stand at about 147 mt.Coal India has 86 mt, while Singareni Collieries Company has 1.58 million tonnes. Another 16 million tonnes is in transit and at ports, 9.5 million tonnes is at captive mines and about 34 million tonnes is held at domestic coal-based power plants.The second quarter of the financial year usually sees a decline in coal stocks because of a slowdown in dispatch and production.Stocks start to pick up thereafter, with the second half of the financial year usually seeing a build-up."Stock will start growing rapidly post mid November," the official said.

Continue reading at Economic Times

1h

INDIA BUSINESS | Mon, 10 Aug 2026, 12:29AM IST Proposed government rules may increase compliance burdens for India's OTT industry. Platforms could need to retrofit thousands of hours of existing films and shows. These new standards will apply to websites, mobile applications, and digital content. Larger platforms have one year to comply with non-negotiable provisions. All establishments must fully meet accessibility standards within two years.

Continue reading at Economic Times

2h

INDIA BUSINESS | Mon, 10 Aug 2026, 12:28AM IST Britannia Industries MD Rakshit Hargave backed FSSAIs crackdown on packaged foods and beverages, saying consumer interests should be protected. Britannia is also strengthening its regional strategy amid rising competition and plans price increases of 1.5-2% in the second quarter.

Continue reading at Economic Times

2h

INDIA BUSINESS | Mon, 10 Aug 2026, 12:26AM IST Government will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee and bridge the current-account gap. The meeting will also focus on deposit mobilization and supporting small businesses. Fresh foreign capital inflows will boost reserves and domestic manufacturing. Durable foreign direct investment is preferred over short-term deposits.

Continue reading at Economic Times

2h

INDIA BUSINESS | Mon, 10 Aug 2026, 12:20AM IST A pilot is under scrutiny for substance use after a recent flight incident. Initial screening results were non-negative, requiring further confirmatory testing. Samples have been sent for analysis, and a final report is currently awaited. Aviation medicine specialists note that therapeutic treatments can also trigger such results. This follows a previous incident involving another Air India pilot in April.

Continue reading at Economic Times

2h

INDIA NEWS | Mon, 10 Aug 2026, 12:15AM IST Mumbai: Ironhill, India's biggest microbrewery chain, has acquired and merged with its US namesake to create a hospitality group with revenue of about 450 crore, marking a rare overseas buyout by a homegrown brewery brand. Ironhill acquired the Pennsylvania-based chain through bankruptcy proceedings, co-founder Teja Chekuri told ET."We did not take any of the locations which were in losses, which were making huge losses. We made sure we took the locations only which are around 20% Ebitda," he said. The deal gives Ironhill India control of the brand's global trademark and combines its Indian microbrewery business, founded a decade ago, with the American craft-beer brand established in 1996.133074101Ironhill has about 10 outlets and plans to expand to about 43 outlets across India and the US by 2030 as it builds a cross-border hospitality business. The merger marks a reversal of fortunes for the US business, which struggled after aggressive expansion under its previous ownership. Rather than inherit those losses, Ironhill India bought the brand and selected operating locations through the bankruptcy process before investing additional capital to restart the business.Ironhill India has invested a further $4 million to revive and reopen five US outlets, taking its total investment in the American business to about $7 million.The acquisition gives the Indian company control of the Ironhill brand globally and adds a business that had about $27 million in annual revenue before its closure, according to the company."This is not only about the brand name," co-founder Sree Harsha Vadlamudi said. "The revenue will increase multiple fold and the brand value will increase because now it is a brand which is present in the US also."The company has reopened five outlets-in Center City Philadelphia, Hershey, Lancaster and Huntingdon Valley in Pennsylvania, and Wilmington, Delaware.Ironhill plans to expand cautiously in the US, targeting two to three new locations a year initially. It expects to have at least 16 US outlets by 2030, while its India network is targeted to reach 27 outlets."Having witnessed the brand's journey over the years, the re-openings represent something far more than a business milestone," said Alexis Lundeen, director-operations, Ironhill US. "Bringing Ironhill back has meant bringing 500 team members and vendors back to their jobs, their regulars and to the craft they spent years perfecting."The merger also gives Ironhill access to operational and brewing expertise developed in the US craft-beer market. The company plans to adapt American brewing processes, technology and a wider range of beer styles for its Indian operations. "The brewing process is more efficient in the US because it has been there for decades," Chekuri said. "There are a lot of synergies."Ironhill expects the US operation to also improve labour productivity and operating systems in India, where the company sees scope to replicate some of the more automated processes used by its American business.India's microbrewery market remains relatively underdeveloped outside major cities, offering room for expansion as consumer spending rises and operators move into smaller markets, Vadlamudi said.

Continue reading at Economic Times

2h

INDIA BUSINESS | Mon, 10 Aug 2026, 12:15AM IST Ironhill has acquired its US namesake through bankruptcy proceedings, creating a 450-crore hospitality group. The Indian microbrewery chain has invested about $7 million in the US business and plans to expand its combined network to around 43 outlets by 2030.

Continue reading at Economic Times

2h

INDIA BUSINESS | Mon, 10 Aug 2026, 12:04AM IST Asset reconstruction companies bought twenty-six thousand three hundred four crore rupees of bad loans. This acquisition saw a fifty-six percent increase from the previous year's figures. The overall non-performing asset ratio in the banking system continued its downward trend. Banks have been resolving legacy stressed assets for several years now. Transactions are increasingly being settled in cash and through security receipts.

Continue reading at Economic Times

2h

INDIA BUSINESS | Sun, 9 Aug 2026, 11:52PM IST ACME Solar Holdings plans to invest 15,000-20,000 crore to expand its renewable energy business, with battery storage as a key focus. The company aims to deploy about 10 GWh of battery capacity this year and enter the data centre power market.

Continue reading at Economic Times

2h

INDIA NEWS | Sun, 9 Aug 2026, 11:52PM IST Mumbai: ACME Solar Holdings plans to invest 15,000-20,000 crore in expanding its renewable energy business, with a focus on battery energy storage to meet rising demand for reliable, round-the-clock renewable power, chief executive officer Nikhil Dhingra told ET.The company expects the contribution of energy storage to its business to increase from around 25% now as it expands its battery portfolio, Dhingra said, adding that ACME aims to deploy about 10 GWh of battery capacity this year. "Storage will be a primary focus," Dhingra said.ACME also has about 1.5 GW of firm and dispatchable renewable energy (FDRE) capacity scheduled to come up in FY27. These projects will combine solar generation with battery storage, the company said. It has already signed power purchase agreements (PPAs) for about 4,000 MW of FDRE and hybrid projects, while its near-term pipeline stands at more than 5,080 MW.Dhingra said demand for round-the-clock renewable power is expected to remain strong, particularly from data centres, green ammonia, industrial electrification and other large consumption centres.ACME is also preparing to enter the data centre power market as a distinct business segment. The company, which traditionally focused on supplying power to government customers, is building dedicated commercial and technical teams to target data centre operators directly.It also expects to benefit indirectly as states increase procurement of round-the-clock renewable power to meet the needs of data centres.

Continue reading at Economic Times

2h

INDIA BUSINESS | Sun, 9 Aug 2026, 11:47PM IST Several offshore banks are becoming reluctant to issue or renew international credit cards for wealthy resident Indians due to Indias 180-day rule on deploying overseas funds. The requirement is also creating difficulties for minors holding foreign accounts under the Liberalised Remittance Scheme.

Continue reading at Economic Times

2h

INDIA BUSINESS | Sun, 9 Aug 2026, 11:41PM IST Passengers on an Air India flight from Phuket to Delhi reported severe turbulence and concerns about the pilot's behavior. The Aircraft Accident Investigation Bureau is investigating the incident which caused passenger injuries. Initial screening tests for the pilot indicated a need for further confirmatory analysis. Passengers demanded accountability from aviation authorities and the airline for the incident. The flight experienced a sudden loss of altitude during its journey.

Continue reading at Economic Times

2h

INDIA BUSINESS | Sun, 9 Aug 2026, 11:40PM IST Spider-Man: Brand New Day has surpassed Avatar: The Way of Water as India's top-grossing Hollywood movie. The film has collected 407 crore in India, exceeding its predecessor's lifetime earnings. Aggressive marketing and the character's multi-generational appeal significantly boosted audience interest before its release. Exhibitors and analysts predict a lifetime collection of at least 450 crore due to sustained audience engagement.

Continue reading at Economic Times

2h

GLOBAL NEWS | Sun, 9 Aug 2026, 11:29PM IST Passengers aboard a Porter Airlines plane headed to Toronto had to wait for a flight the next day after a child remained standing in a seat and would not get buckled in, the company said.

Continue reading at The New York Times

2h

INDIA BUSINESS | Sun, 9 Aug 2026, 11:12PM IST Indian REITs could gain greater tax flexibility under the Taxation and Other Laws (Amendment) Bill, 2026, which allows SPVs to opt for concessional corporate tax rates, avoid future MAT and use accumulated MAT credits while retaining tax-exempt dividends for unitholders.

Continue reading at Economic Times

3h

INDIA MARKET | Sun, 9 Aug 2026, 10:54PM IST PM Modi with all the Indian CWG 2026 medallists.

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3h

INDIA NEWS | Sun, 9 Aug 2026, 10:49PM IST WASHINGTON - After months of U.S. military strikes on Iran, sanctions and a blockade, President Donald Trump said on Sunday that his administration is watching economic pressure mount on Iran, according to an interview with Axios."We are low keying it," Trump was quoted as saying during a brief phone call. "We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money."

Continue reading at Economic Times

3h

INDIA MARKET | Sun, 9 Aug 2026, 10:43PM IST Republicans and Democrats broadly support age-verification laws for children under 16, the poll found.

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3h

INDIA MARKET | Sun, 9 Aug 2026, 10:05PM IST The idea was floated in light of Iran's recent demands in order to reopen the Strait.

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4h

INDIA MARKET | Sun, 9 Aug 2026, 9:41PM IST Trump's campaign used Taylor Swift songs on TikTok, while dozens of artists oppose unauthorised music use.

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INDIA MARKET | Sun, 9 Aug 2026, 9:33PM IST India has attracted over USD 1.16 trillion in foreign investment since April 2000, government data shows.

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INDIA MARKET | Sun, 9 Aug 2026, 9:30PM IST The number of serious defects recorded stood at 487 and 528 in 2023 and 2022, respectively.

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4h

INDIA MARKET | Sun, 9 Aug 2026, 9:28PM IST Rahul Navin's tenure has seen ED focusing on multiple cases of frauds by real estate giants against homebuyers.

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5h

INDIA MARKET | Sun, 9 Aug 2026, 9:22PM IST Shveta Arya moves to the Mahindra Group from Cummins India, where she was serving as Managing Director.

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5h

INDIA MARKET | Sun, 9 Aug 2026, 9:11PM IST Sarfaraz Khan's highest score for India in Tests is 150.

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INDIA MARKET | Sun, 9 Aug 2026, 8:56PM IST To be eligible for these payouts, investors must be mindful of the ex-dividend date.

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