Wednesday, February 4

Business

ELECRAMA 2025 serves as a competitive stage for 20 of the most promising startups
Business

ELECRAMA 2025 serves as a competitive stage for 20 of the most promising startups

The 3rd Edition of Electraverse Sparks, IEEMA’s flagship program for startups, took center stage on Day 4 of ELECRAMA 2025, bringing together 20 pioneering startups competing to showcase breakthrough innovations in energy, electronics, AI, automation, and sustainability. The event served as a platform for both early-stage and late-stage startups to present cutting-edge solutions that could transform the industry. The World Utility Summit concluded with insights from Vijay Mittal (IOFS), Joint Secretary, Ministry of Heavy Industries, emphasizing grid modernization, sustainable energy policies, and digital transformation in the power sector. He highlighted India’s rising energy demand and the necessity of strengthening domestic manufacturing, supply chain resilience, and green energy adopti...
Nvidia stock tumbles 8.5% – biggest one-day downgrade in a month
Business, News

Nvidia stock tumbles 8.5% – biggest one-day downgrade in a month

Leading AI chipmaker Nvidia Corp saw its stock fall 8.5% on Thursday - the biggest drop in a month - after delivering quarterly results that were strong but failed to meet investors' sky-high expectations. The company guided for fiscal first-quarter sales of about $43 billion, slightly ahead of analysts' average estimate of $42.3 billion but below some high estimates that had reached $48 billion. The drop in share price comes after concerns that demand for Nvidia's AI chips could slow due to spending cuts by data center operators. Additional to the pressure, Nvidia warned that profit margins could be lower than estimates due to the acceleration of the rollout of its new Blackwell chip architecture. The company also faces potential challenges from U.S. tariffs that could impact futur...
Shell forecasts 60% upsurge in global LNG demand by 2040
Business, News

Shell forecasts 60% upsurge in global LNG demand by 2040

Global demand for liquefied natural gas (LNG) will increase by 60% by 2040, according to Shell's LNG Outlook 2025, released today. The growth forecast is driven mainly by economic growth in Asia, industrial emissions reduction initiatives and energy requirements for artificial intelligence technologies. Industry analysts now estimate that LNG demand will reach between 630-718 million tonnes annually by 2040, an upward revision from previous estimates. This comes as global LNG trade grows by just 2 million tonnes to 407 million tonnes in 2024, marking the slowest annual growth in ten years due to limited new supply growth. "The world will need more gas for power generation, heating and cooling, industry and transport to meet growth and decarbonisation targets," said Tom Summers, seni...
ELECRAMA 2025 signals growth in power equipment exports
Business

ELECRAMA 2025 signals growth in power equipment exports

ELECRAMA 2025 is reinforcing India’s ambition to become a global exporter of power equipment, bringing together over 120 industry leaders, policymakers, and experts. Discussions at the event focused on energy transition, AI-driven power management, and smart grids, underscoring the country’s strategic push toward modernization and sustainability. Shri Pankaj Agarwal, Secretary, Ministry of Power, highlighted the government’s commitment to clean energy, grid modernization, and domestic manufacturing. “India is rapidly emerging as a major power equipment exporter, with global players showing strong interest in our manufacturing capabilities,” he stated. Shri Gurdeep Singh, CMD, NTPC, reaffirmed NTPC’s leadership in expanding India’s non-fossil fuel capacity to 500 GW by 2030. The Wome...
CES Foundation aims to empower Meghalaya’s Eri Silk Value Chain
Business

CES Foundation aims to empower Meghalaya’s Eri Silk Value Chain

The Customized Energy Solutions Foundation (CESF) is set to host a state-level Silk Link workshop in Shillong on February 26, 2025, at Vivanta Meghalaya, aiming to strengthen the Eri silk value chain across the state. With Ri-Bhoi district at the center of Meghalaya’s Eri silk industry, the initiative seeks to expand production beyond the current four districts to tap into the state’s full potential. CESF Director Ms. Netra Walawalkar highlighted the economic significance of the Eri silk sector, stating, “Expanding production across all districts has the potential to engage a much larger workforce and substantially increase the sector’s economic contribution.” The workshop will bring together key stakeholders, including government agencies, financial institutions, civil society organiz...
Gland Pharma shares upgrade most in 16 weeks, ahead of investor meet this week
Business, News

Gland Pharma shares upgrade most in 16 weeks, ahead of investor meet this week

Gland Pharma shares rose nearly 5 percent on February 25, its best day in 16 weeks, ahead of its investor meet during the analyst day with Emkay and BOB Capital on February 27-28. Business daily Livemint had reported in February quoting sources that Blackstone, Brookfield and Warburg Pincus were in talks to acquire a majority stake in generic injectables maker Gland Pharma. The deal between the three global private equity majors and Shanghai-based Fosun Pharma - which owns a majority stake - is expected to value Gland Pharma at around $3 billion. Gland Pharma's performance in the December quarter has been disappointing, with revenue growth in its core business being weak. The injectables company also faced challenges from its recently acquired Senexi business, which impacted its ...
MS Dhoni’s Hair Strategy: Steal His Style
Business

MS Dhoni’s Hair Strategy: Steal His Style

Garnier Black Naturals has launched its latest campaign, featuring cricket legend MS Dhoni and his wife, Sakshi Dhoni, in a playful new teaser. The campaign highlights Dhoni’s trusted grooming routine and youthful appearance, with Sakshi teasing him about a recent comment that he still looks like he’s in his 30s at age 43. Dhoni credited his hair and beard color, with Sakshi claiming responsibility for coloring his hair. Dhoni left fans curious with his signature smile, saying, “I can’t reveal all my secrets just yet.” The campaign is expected to resonate strongly with fans and grooming-conscious consumers, further strengthening Garnier Black Naturals’ position in India’s personal care market. Garnier Black Naturals is a top choice for many local consumers, particularly among young ...
JSW Group Chairman Sajjan Jindal honors ‘Business Leader of the Decade’ Award
Business

JSW Group Chairman Sajjan Jindal honors ‘Business Leader of the Decade’ Award

Sajjan Jindal, Chairman of JSW Group, has been awarded the prestigious ‘Business Leader of the Decade’ at the 15th AIMA Managing India Awards, recognizing his role in shaping India’s industrial and economic landscape. The award was presented in the presence of Union Minister of Education DharmendraPradhan and Minister of State for Commerce and Industry JitinPrasada. YezdiNagporewalla, CEO of KPMG India, read the citation, acknowledging Jindal’s contributions to India’s infrastructure modernization and global market expansion. Under Jindal’s leadership, JSW Group has doubled its revenues to $24 billion and expanded steel production capacity to 39 million tonnes annually. The conglomerate has also strengthened its presence in renewable energy, cement, and infrastructure, emerging as I...
Pfizer shares surge 9% on marketing and sales agreement with Mylan
Business, News

Pfizer shares surge 9% on marketing and sales agreement with Mylan

Shares of drugmaker, Pfizer Ltd outperformed in an otherwise weak market. The stock of the multinational drugmaker listed on Indian exchanges rose 9% and hit an intraday high of ₹4,477 on the NSE after the company on Friday announced that it has entered into a marketing and supply agreement with Mylan Pharmaceuticals Pvt Ltd. Pfizer said it has entered into an agreement with Mylan for a period of five years to market and sell two brands Ativan and Pacitane in India. Ativan is a drug used to treat anxiety in adults and children aged 12 years and above. It also treats insomnia caused by anxiety in adults while Pacitane is indicated to treat Parkinson's disease and extrapyramidal symptoms. "Mylan has a strong presence in the central nervous system therapy space, with skilled resources ...
NHPC shares upsurge over 10% for third consecutive session
Business, News

NHPC shares upsurge over 10% for third consecutive session

NHPC shares on Friday rose over 10 per cent for the third consecutive session, surging over 10 per cent following positive brokerage reports on the state-owned hydropower firm. NHPC shares rose nearly 3 per cent to hit an intraday high of Rs 82.16. This is the third consecutive day the stock is trading in the green. On Thursday, the stock gained 6.94 per cent. Over 2.57 crore shares of the stock were exchanged today, taking the total turnover to Rs 209.35 crore, as per NSE data. This sharp surge was witnessed after CLSA upgraded the stock from 'perform' to 'outperform' rating, indicating positive levers for growth. In an exclusive interview to Moneycontrol, Raj Kumar Chaudhary, chairman and managing director of the public sector undertaking (PSU), told NHPC that it will commissio...