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Centre weighs scaling up MSME Champions Scheme outlay ninefold to Rs.10,000 crore

New Delhi, Jan. 20 -- The Centre is planning a steep increase in the financial outlay of its MSME Champions Scheme to around Rs.10,000 crore for the next five years, according to two officials aware o... Read More


With e-bus tender done, CESL trains focus on electric trucks

NEW DELHI, Jan. 5 -- Convergence Energy Services Ltd (CESL), the Centre's demand aggregation agency, wants the government to name it as nodal agency for tendering electric trucks under the Rs.10,900-c... Read More


Inox Clean Energy acquires 300 MWp of operational solar projects from SunSource Energy for Rs.1,000 crore

New Delhi, Jan. 5 -- IPO-bound Inox Clean Energy Ltd announced on Monday that its renewables independent power producer (IPP) arm Inox Neo Energies Ltd has acquired 250 megawatt-peak (MWp) of operatio... Read More


High EV costs? Government plans cheaper loans to accelerate India's private electric bus rollout

NEW DELHI, Jan. 4 -- As private electric bus operators struggle to secure affordable credit, the Centre is working on a new financing scheme that could lower borrowing costs by routing funds through t... Read More


Centre weighs extending 5% concessional duty on lithium-ion cells as local manufacturing struggles

NEW DELHI, Jan. 3 -- The Centre is considering extending the 5% concessional basic customs duty (BCD) on lithium-ion cells used in battery packs for electric vehicles (EVs) for another two years in th... Read More


India plans Rs.2,000-cr MSME tech upgrade to enhance exports, efficiency

NEW DELHI, Dec. 29 -- India is likely to announce a Rs.2,000-crore technology upgradation scheme for small businesses in the 2026-27 budget, aimed at boosting the adoption of energy-efficient machiner... Read More


India weighs tougher battery rules as 10 GWh storage plan takes shape

NEW DELHI, Dec. 12 -- More efficient batteries with longer lifecycles could be mandated to address grid stability concerns under a scheme that offers incentives to produce 10 gigawatt-hour (GWh) of ut... Read More


Sberbank to invest in India, gives Russians access to Nifty50

New Delhi, Dec. 4 -- Russia's largest bank Sberbank will invest in India's capital markets and also help Russian retail investors access the benchmark Nifty50 index on the National Stock Exchange, Her... Read More


India preps to meet 6x surge in battery storage demand by 2047

New Delhi, Nov. 27 -- India is preparing to meet a projected cumulative battery energy storage capacity of nearly 3 terawatt-hours (TWh) by 2047 across electric mobility, power, and electronic compone... Read More


India's next EV push: Easier loans for electric trucks and buses in the works

NEW DELHI, Nov. 6 -- The Centre is preparing a new financing scheme aimed at accelerating the adoption of electric trucks and buses, targeting one of the biggest bottlenecks in India's transition to g... Read More