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News on Medial
Exporters take wind out of shippers’ sails
Economic Times
·
4m ago
Medial
Exporters in various sectors, including electronics and apparel, are opting to airlift consignments to the U.S. ahead of potential reciprocal tariffs imposed by President Trump. This shift from traditional shipping methods is due to tariff uncertainty and logistical challenges. Airlifting is feasible only for certain products like electronics and jewellery. Despite this, a potential India-US Bilateral Trade Agreement reassures exporters, expecting resolution. The Indian government is considering incentives to boost exports.
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Google signs its largest offshore power agreement with Dutch wind projects
Reuters
·
1y ago
Medial
Google has signed its largest power purchase agreement (PPA) with offshore wind projects off the coast of the Netherlands, as part of its efforts to green its power supply and meet climate targets. The technology giant has agreed to take 478 MW of power from two new wind farms, developed by Crosswind & Ecowende Consortia, in addition to smaller renewable PPAs in Italy, Poland, and Belgium. Google aims to match each hour of electricity used with an hour of clean power production by 2030.
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Vedanta Resources' bond restructuring proposal sails through
Livemint
·
1y ago
Medial
Investors have overwhelmingly voted in favor of Vedanta Resources' proposal to restructure its $3.8 billion outstanding notes. The company secured over 95% votes in favor, surpassing the required threshold of 66.67%. This restructuring will help Vedanta break its debt repayment cycle and extend its repayment schedule until 2026. The company plans to make an upfront payment and extend the maturity of three of its bond series, while also selling some of its businesses to reduce its immediate debt load.
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Blackbuck IPO sails through on final day
Economic Times
·
8m ago
Medial
Zinka Logistics, the parent company of BlackBuck, a trucking aggregator backed by Flipkart, successfully completed its initial public offering (IPO) with oversubscription. The IPO received bids for over 3.52 crore shares against the 2.25 crore shares on offer. Qualified institutional buyers bid 1.80 times their reserved portion, while retail investors subscribed 1.46 times. Employee bids reached 9.11 times, but non-institutional investors subscribed only 0.18 times. BlackBuck reported a 68% increase in revenue and a decrease in net loss for FY24.
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India's FTAs with UK, US, EU to open new opportunities for Textiles sector: Margherita
Economic Times
·
15d ago
Medial
India's free trade agreements with the US, UK, and EU are set to create new prospects for the country's textiles sector, according to Minister of State for Textiles Pabitra Margherita. The agreements aim to boost India's textile exports from the current USD 34 billion to USD 100 billion by 2030. Margherita emphasized the importance of equipping exporters to take advantage of these quality-conscious markets while prioritizing MSME-driven growth and reducing import dependency.
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Inox eyes better times ahead as govt focusses on enhancing wind power capacity
Thehindubusinessline
·
1y ago
Medial
Inox Wind, an end-to-end wind power solutions provider, expects rapid growth in the Indian wind sector due to the government's focus on adding 100 GW of wind capacity over the next decade. Supported by favorable macroeconomic conditions and a strong order book, the company turned profitable in Q3 FY24, reporting a revenue of ₹507 crore and a profit after tax of ₹1.8 crore. Inox Wind has secured orders totaling around 1,850 MW and aims to capture a share of 18 GW of wind projects. The company anticipates significant growth in the coming months with the commissioning of 8-10 GW of wind capacity in FY24.
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Indian exporters log 25% order growth on year during Amazon's Black Friday-Cyber Monday sale
Economic Times
·
1y ago
Medial
Indian exporters saw a 25% growth in orders during Amazon's Black Friday and Cyber Monday sale, according to reports. This surge in demand highlights the increasing popularity of Indian products in international markets. The sale event served as a platform for Indian exporters to showcase their products and tap into a wider consumer base.
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Mobikwik IPO sails through in the first hour of launch
Economic Times
·
7m ago
Medial
Digital payments firm Mobikwik saw strong interest from retail investors as its public issue was fully subscribed within the first hour of opening. Retail investors booked nearly 11 times their allocation, while the total issue was subscribed 2.64 times. The non-institutional investors portion was subscribed 2.35 times. Institutions had limited activity as they usually increase bidding near the issue close. Mobikwik set a price band of Rs 265 to Rs 279 per share for its Rs 572 crore IPO, without an offer for sale component. The company had reduced its valuation significantly to $250 million for the IPO.
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Karnataka placed first in country for highest wind power capacity
Economic Times
·
1m ago
Medial
Karnataka leads India in wind power capacity, adding 1,331.48 MW in 2024-25, recognized during Global Wind Day 2025. State Energy Minister K J George credits proactive policies and vision for this achievement. Karnataka's total wind power capacity now stands at 7,351 MW. The state plans to implement 17 GW more projects, supporting India's goal of 500 GW renewable energy by 2030. Union Minister Pralhad Joshi highlighted India's stature as the fourth-largest wind power producer globally.
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Chinese exporters to US tread warily as tariff uncertainties linger
Economic Times
·
2m ago
Medial
Chinese exporters, like Deng Jinling of Lucky Bird Trade, cautiously welcomed the temporary 90-day tariff reprieve by the US while remaining uncertain about future trade relations. The unpredictable nature of the US-China trade war and potential policy changes, especially under President Trump, has left Chinese manufacturers seeking alternative markets and strategies, such as scouting for warehouses or expanding operations abroad, to mitigate risks. Despite the temporary tariff reductions, anxiety among exporters about post-pause scenarios remains high.
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India can be a global hub for wind turbines: Suzlon’s Girish Tanti
Livemint
·
5m ago
Medial
India has the potential to become a hub for wind power component manufacturing, supported by policies like production-linked incentives. Girish Tanti of Suzlon Energy emphasizes India’s robust ecosystem, involving around 2,500 MSMEs. Although local content in solar stands at 20%, wind power projects boast about 64%. To boost this, fiscal support akin to solar’s PLI scheme is advocated. India targets 10% of global wind demand by 2030, with ongoing exports to multiple countries.
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