Waaree Energies Invests ₹8,175 Cr in Battery Factory
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🗞️ New Repository Maps 110 AI Startups Impacting India
A new repository has mapped 110 AI startups across India, delivering population-scale impact in sectors like healthcare, education, and agriculture.
This highlights India’s growing leadership in AI innovation and its potential to drive socio-economic transformation.
💬 Expert Take — “AI startups are playing a critical role in solving real-world challenges at scale, enhancing India’s potential to become a global leader in AI.”
🗞️ Waaree Energies to Develop ₹8,175 Cr Lithium-Ion Gigafactory
Waaree Energies is set to develop an ₹8,175 crore lithium-ion battery gigafactory in Andhra Pradesh, which will strengthen India’s position in the global electric vehicle supply chain.
The move reflects growing demand for clean energy solutions and India’s role in the global battery manufacturing market.
🗞️ India Adds 50,000 MW Power Generation Capacity
India has added over 50,000 MW of power generation capacity in FY26, reinforcing its commitment to meet rising energy demands and support industrial growth.
This expansion will help reduce India’s energy deficit and accelerate its clean energy transition.
🗞️ NARCL Places ₹285 Cr Bid for BLA Power Debt
NARCL has placed a ₹285 crore anchor bid to acquire the distressed debt of BLA Power, marking another step in the government’s efforts to clean up non-performing assets in the power sector.
The bid is part of a broader strategy to revive stressed assets and boost investor confidence.
🗞️ Govt Updates Merchandise Trade Index Base Year to FY23
The government has updated the base year of the merchandise trade index to FY23 for improved accuracy and better tracking of trade performance.
The revision is aimed at enhancing trade policy and decision-making based on more relevant data.
🗞️ Oil PSUs Spend 81% of FY26 Capex Target by Jan
Oil PSUs have spent 81% of their FY26 capex target by January, highlighting strong progress in infrastructure development and exploration projects.
This capex momentum supports India’s growing energy demand and reinforces the government’s energy security initiatives.
🗞️ Goyal Launches New Export Promotion Mission
Union Minister Piyush Goyal launched a new export promotion mission aimed at boosting MSME exports, with targeted interventions to enhance product competitiveness and market access.
The initiative underscores India’s commitment to expanding its export base in global markets.
🗞️ Novartis Sells Stake in Indian Unit to Waverise, ChrysCapital
Novartis has sold its stake in its Indian unit to a consortium of Waverise Investments and ChrysCapital, signaling a shift in strategic focus for the pharma giant in India.
The deal reflects growing investor interest in India’s pharmaceutical and healthcare sectors.
📊 Market Update
📈 Sensex: 82,814.71 ▲ 316.57 pts (+0.38%)
📈 Nifty 50: 25,571.25 ▲ 116.90 pts (+0.46%)
🪙 Gold (per gram): 24K ₹15,649 ▲ ₹229 | 22K ₹14,425 ▲ ₹210
🥈 Silver (per kg): ₹2,70,000 ▲ ₹15,000