India’s Solar Outlook
India’s solar EPC market is expected to grow 23% YoY, reaching ₹1.7 trillion by FY28, powered by initiatives like the PLI scheme, rooftop solar, and energy storage VGF.
Gujarat and Rajasthan lead with over 20 GW of combined solar park capacity.
India’s solar capacity is projected to rise from 106 GW in FY25 to ~280 GW by FY30, implying a >21% CAGR, with renewables’ share in installed capacity expanding from 47% to nearly 65%.
Source: Waaree Renewable Technologies Ltd (Q2FY26 Investor Presentation).
TCS Q2FY26 Updates
- CFO: Strong growth across all verticals, disciplined execution expanded margins, strategic investments in wage hikes, future-ready capabilities, and ecosystem partnerships.
- COO: Growth led by Data, Cloud, and AI-powered enterprise transformation. Customer engagements focus on rapid value realization. AI Hackathon set new benchmark as the largest, most diverse, and innovative AI-first initiative.
- TCS is building 1GW AI datacenter capacity in India, starting with 150 MW, alongside significant workforce expansion and AI skill development.
- Goal: To become the largest AI-led IT solutions company with strategic capex of $5–6 B over next few years.
Medi Assist raised ₹198 cr via preferential issue from MIT & 238 Plan Associates at ₹535/share to support AI-led healthcare tech transformation.
Reliance Power received SEBI approval for reclassification of Reliance Capital to public category after IBC resolution.
Kirloskar Oil Engines transferred B2C (Water Management Solutions) business to subsidiary La-Gajjar Machineries via slump sale; B2C contributed ₹591.25 cr revenue (~11.7% of FY24).
Vesuvius India commenced operations at new Al-Si Monolithic Plant in Parawada, Visakhapatnam; old Visakhapatnam unit closed.
Trump Alerts on Rare Earths Trade Tensions
Warns of tariffs on Chinese goods over rare earth export restrictions; cites China’s monopolization of critical elements and signals countermeasures.
Advait Energy subsidiary signed ₹1,450 cr MoU with Gujarat government for two green energy projects in Mehsana district.
BASF India to assess local impact of €7.7 B global coatings JV with Carlyle; BASF retains 40% equity.
Paytm completes 90% acquisition of Foster Payment Networks to simplify group structure; remaining 9.99% to be acquired by Dec 31, 2025.
Shapoorji Mistry / Tata Trusts
SP Group remains committed to constructive role alongside Tata Trust & Tata Sons. Advocates public listing of Tata Sons to unlock value for 1.2 Cr shareholders.
Notable Large Trades
- Jyoti Global Plast: Mixed buying & selling on NSE; VIKASA India EIF I Fund sold 0.94% stake.
- Abram Food: Jajodia Equity Advisors bought 0.91% stake on BSE.
- CarTrade Tech & WeWork India: Active block trades with Goldman, BOFA, CLSA selling; Plutus Wealth Management buying.
- Greenleaf Envirotech, Munish Forge, Manas Polymers & Energies: Large buy/sell trades reported.
Sterling & Wilson Renewable Energy settles arbitration with OEG Inc., USA for ₹19.95 cr; payments in two installments.
Godfrey Philips: Fire at third-party tobacco warehouse in Andhra Pradesh; no casualties, inventory fully insured.
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