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India is poised to surpass the US as the world's second-largest solar power market in 2026, with a projected 6% year-on-year increase in solar capacity additions, reaching over 50 GW. However, the country faces a significant challenge, with 42 GW of renewable energy projects awaiting firm offtake contracts, which could jeopardize its 2030 target of 500 GW of non-fossil fuel capacity, according to BloombergNEF. Despite a record 35 GW of solar capacity added in the first 11 months of last year, concerns about overcapacity in domestic module manufacturing persist, as India’s annual production capacity stands at 125 GW. Meanwhile, US solar installations are expected to decline by 14% this year, largely due to new regulatory hurdles, allowing India to take the second spot, while China remains the dominant player in the global solar market despite a forecasted decrease in annual additions. 
Published: Jan 14 2026, 3 pmeznews.inOswal Pumps Ltd has secured a significant order from Karnataka Renewable Energy Development Ltd (KREDL) under the PM-KUSUM B Scheme, valued at ₹119.92 crore, for the supply and installation of 3,263 off-grid DC solar photovoltaic water pumping systems across Karnataka. The order includes the design, manufacture, installation, testing, and commissioning of systems with capacities of 3 HP, 5 HP, 7.5 HP, and 10 HP, aimed at supporting local farmers. This project marks Oswal Pumps' first major initiative in Karnataka, as noted by Chairman and Managing Director Vivek Gupta, who emphasized its potential to enhance the company's market presence in the state. Gupta highlighted the firm’s capabilities in executing large-scale solar projects, backed by a robust manufacturing and service network, reinforcing its reputation in public sector renewable energy initiatives. The project is expected to pave the way for further opportunities in the region.
Published: Jan 14 2026, 4 pmeznews.inIn a significant move towards sustainable development, a Danish delegation led by Josefine Pallesen, Maritime Counsellor at the Embassy of Denmark, visited Deendayal Port Authority (DPA) in Kandla. The discussions focused on strategies for achieving zero carbon emissions and integrating green technologies within port operations. Sushil Kumar Singh, Chairman of DPA, highlighted the port's ongoing initiatives in decarbonisation, renewable energy integration, and the use of green fuels. The delegation also toured the Make-in-India 1-MW Green Hydrogen Plant located at Kandla. Adding a cultural touch to their visit, the Danish representatives participated in Makar Sankranti celebrations, engaging in traditional kite flying with DPA officials and employees. This collaboration underscores the commitment of both nations to advance sustainable practices in maritime operations.
Published: Jan 14 2026, 3 pmeznews.inThe Automotive Component Manufacturers Association (ACMA) reported a 6.8% year-on-year growth in the Indian auto component industry, reaching ₹3.56 lakh crore ($41.2 billion) in the first half of FY 2025-26. This growth was bolstered by stable domestic demand, a resilient aftermarket, and ongoing investments in capacity expansion and technology upgrades. Sales to original equipment manufacturers (OEMs) increased by 7.3% to ₹3.04 lakh crore ($35.2 billion), driven mainly by the passenger vehicle and light commercial vehicle sectors. The aftermarket also thrived, growing 9% to ₹53,160 crore ($6.1 billion), aided by a rising vehicle parc and the formalisation of repair services. Exports of auto components rose by 9.3% to $12.1 billion, while imports climbed 12.5% to $12.3 billion, resulting in a trade deficit of $180 million. ACMA highlighted that this export growth occurred despite global challenges, with electric vehicles making up 4.6% of total OEM supplies.
Published: Jan 14 2026, 2 pmeznews.inIndia's industrial and warehousing sector showcased robust growth in 2025, with leasing activity reaching 36.9 million sq ft across major cities, a 16% increase from the previous year, according to Colliers India. Third-Party Logistics (3PL) providers dominated the market, securing a 32% share of Grade A space uptake, while engineering and e-commerce sectors collectively accounted for 35% of demand. Delhi NCR and Chennai emerged as key contributors, together representing 46% of annual leasing. Notable transactions included Jabil Inc.'s 385,000 sq ft lease in Pune and DHL's 380,400 sq ft in Chennai. Developers responded to this demand with 41.7 million sq ft of new completions, primarily in Delhi NCR, while vacancy rates remained stable at 16%. As established hubs like Delhi NCR, Chennai, Mumbai, and Pune continue to thrive, they are expected to drive 70-80% of demand in 2026, indicating a sustained expansion in the sector.
Published: Jan 14 2026, 12 pmeznews.inIndia is projected to achieve a GDP growth of 7.5-7.8% in the current fiscal year, buoyed by festive demand and strong services activity, according to Deloitte India. The growth rate is expected to moderate to 6.6-6.9% in FY2026-27 due to a high base and ongoing global uncertainties. Policymakers have implemented tax exemptions, policy rate cuts, and GST rationalization to stimulate demand, while favorable inflation trends and trade recalibrations through multiple Free Trade Agreements (FTAs) have bolstered exports. The year 2025 is characterized by resilience in domestic demand and significant reforms in fiscal, monetary, and labor policies. Deloitte anticipates that the focus will shift towards supply-side reforms in 2026, particularly for MSMEs and tier-2 and tier-3 cities. Additionally, India has strengthened trade ties with countries like the UK and New Zealand, enhancing its manufacturing and services sectors, while a potential India-US trade deal could further stabilize foreign investment.
Published: Jan 14 2026, 1 pmeznews.inThe Telangana Government has achieved a record procurement of 70.82 lakh tonnes of paddy during the kharif season, surpassing the previous high of 70.20 lakh tonnes set in 2020-21. Civil Supplies and Irrigation Minister N Uttam Kumar Reddy announced that the procurement, valued at over ₹16,900 crore, included 38.37 lakh tonnes of fine varieties, contributing to the state's total production of approximately ₹1.48 crore tonnes. This initiative has benefited around 14 lakh farmers, with the government ensuring purchases at the minimum support price. Of the total expenditure, ₹16,000 crore has already been disbursed, alongside a bonus of ₹1,425 crore for farmers cultivating fine varieties. The government facilitated this record procurement through approximately 8,500 designated centers across the state, marking a significant milestone in Telangana's agricultural history.
Published: Jan 14 2026, 2 pmeznews.inIndia's wholesale prices saw a year-on-year increase of 0.83% in December, reversing a 0.32% decline from the previous month, according to government data released on January 14, 2026. This rise was primarily attributed to higher manufacturing costs in sectors such as machinery, food products, and textiles. Economists had anticipated a more modest increase of 0.3%. Notably, wholesale food prices remained unchanged in December, contrasting with a 2.6% drop in November. Vegetable prices fell by 3.5% year-on-year, following a significant 20.23% decline the previous month. Meanwhile, prices for manufactured goods rose by 1.82%, up from a 1.33% increase in November, while fuel and power prices decreased by 2.31%, slightly more than the 2.27% decline recorded in the prior month.
Published: Jan 14 2026, 12 pmeznews.inDelhi NCR-based FMCG company Mitra has announced a ₹787 crore merger with BSE-listed Tierra Agrotech, aiming to enhance operational efficiency and reduce reliance on external raw material suppliers. The merger will create an integrated food platform encompassing seed development, crop cultivation, processing, and branded consumer products. Mitra, which operates over 40,000 retail outlets across 38 cities, is positioned as the second-largest player in the Delhi NCR packaged flour market. Tierra Agrotech, established in 2012, brings expertise in crop science and agricultural supply chain management, facilitating upstream integration for Mitra's operations. Abhishek Kaushik, Mitra's founder, will lead the combined entity, which anticipates consolidated revenues of around ₹400 crore in FY27. The merger, pending approvals from SEBI and the National Company Law Tribunal, is expected to complete by Q3 FY 2026-27, with plans for an IPO to fund expansion and distribution growth.
Published: Jan 14 2026, 10 ameznews.inLogistics services provider Shadowfax has set a price band of ₹118 to ₹124 per share for its upcoming initial public offering (IPO), which values the company at over ₹7,100 crore at the upper end. The ₹1,907-crore IPO will open for subscription from January 22 to January 24, with anchor investor bidding starting on January 19. The offering includes a fresh issue of ₹1,000 crore and an offer for sale of ₹907.27 crore from existing shareholders, including Flipkart and Snapdeal founders. Market analysts note that Shadowfax has adopted a conservative valuation strategy, down from previous estimates of ₹8,500 crore, to attract long-term institutional investors. Proceeds will fund network infrastructure, lease payments, and marketing initiatives. Shadowfax, which reported a 68% revenue increase in the first half of FY26, serves a diverse range of clients and is a leading player in India's e-commerce logistics sector. Shares are expected to list on January 28.
Published: Jan 14 2026, 11 am
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