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Power consumption dips slightly by 1.5 pc to 150.04 bn units in June

Economic Times

Economic Times · 2m ago

Power consumption dips slightly by 1.5 pc to 150.04 bn units in June

In June, India experienced a slight 1.5% dip in power consumption, reaching 150.04 billion units, due to early monsoon rains reducing the use of cooling appliances like air conditioners. The peak power demand decreased to 242.49 GW from the previous year’s 244.52 GW. Experts agree the early onset of the monsoon primarily drove this decline. The weather initially promised hotter-than-usual conditions, which shifted with the early arrival of the rains in May.

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India's power use dips for first time since 2020

Economic Times

Economic Times · 2m ago

India's power use dips for first time since 2020

India's electricity demand fell by 1.5% in the April-June quarter compared to the previous year, marking the first decline since the 2020 pandemic halt. This was attributed to a cooler summer reducing air conditioning usage. Coal-fired power output dropped by 7%, while renewable energy surged 23%. Spot power prices fell near pandemic lows. This shift complicates power forecast and planning as climate variability influences consumption and challenges the resilience of India's energy infrastructure.

India's power consumption grows 4.4 pc to 150.47 bn units in August amid above-average monsoon

Economic Times

Economic Times · 8d ago

India's power consumption grows 4.4 pc to 150.47 bn units in August amid above-average monsoon

India's power consumption in August increased by 4.4% year-on-year to 150.47 billion units, influenced by continuous rainfall across the country. Despite above-average monsoon conditions, peak power supply rose to 229.71 GW, compared to 216.47 GW the previous year. The Indian Meteorological Department reported a 6% above-average rainfall, predicting further above-normal rainfall in September. This growth reflects resilience amid weather challenges, with potential for peak demand of 277 GW in summer 2025.

PC makers bet on AI to rekindle sales

Economic Times

Economic Times · 1y ago

PC makers bet on AI to rekindle sales

PC and microchip companies such as AMD and Intel are turning to neural processing units (NPUs) to boost sales of higher-end laptops. These NPUs provide AI capabilities and can outperform traditional processors for AI tasks with lower power consumption. Although there are currently limited applications that make full use of these capabilities, chipmakers believe more are on the way. PC vendors like Dell and Lenovo showcased their latest laptops with AI demos at CES, including features like a dedicated AI key and Microsoft's generative AI software. These advanced AI chips are initially being offered in more expensive laptops.

UPI records marginal dip in June with 18.4 Bn transactions

Entrackr

Entrackr · 2m ago

UPI records marginal dip in June with 18.4 Bn transactions

UPI records marginal dip in June with 18.4 Bn transactions This reflects a month-on-month (MoM) dip of around 1.5% in volume and 4.4% in value. On a year-on-year (YoY) basis, UPI volumes in June grew 32%, while the transaction value rose 20%. After hitting an all-time high in May, Unified Payments Interface (UPI) transactions slightly declined in June 2025 in both volume and value. According to data released by the National Payments Corporation of India (NPCI), the platform processed 18.40 billion transactions worth Rs 24.04 lakh crore in June, compared to 18.68 billion transactions worth Rs 25.14 lakh crore in May. This reflects a month-on-month (MoM) dip of around 1.5% in volume and 4.4% in value. On a year-on-year (YoY) basis, UPI volumes in June grew 32%, while the transaction value rose 20%. The average daily transaction count stood at 613 million in June, slightly higher than 602 million in May, while the average daily transaction value was marginally lower at Rs 80,131 crore compared to Rs 81,106 crore in the previous month. The higher daily average in June is likely due to the fewer number of days in the month compared to May. As of May, PhonePe retained its lead with a 46.47% share of the total UPI volume, followed by Google Pay with a 36.09% market share. Paytm is the third-largest UPI player with a 6.84% share of the UPI volume. New entrants like Navi, Flipkart’s super.money, and Fampay by Trio are also making notable contributions to the overall UPI volume. Besides India, UPI is currently live in Bhutan, Nepal, Mauritius, Sri Lanka, Singapore, France, Oman, and the UAE. According to media reports, NPCI is also aiming to expand UPI to additional countries, including Qatar, Thailand, Malaysia, and other Southeast Asian nations, while the UK, Oman, and the Maldives have shown interest or are in the early stages of integration.

AI surge to double data centre electricity demand by 2030: IEA

Economic Times

Economic Times · 5m ago

AI surge to double data centre electricity demand by 2030: IEA

The International Energy Agency (IEA) reports that data centers' electricity consumption will more than double by 2030, driven by artificial intelligence (AI) applications. AI's substantial computing power demands challenge energy security and CO2 reduction goals. Currently, data centers represent 1.5% of global electricity usage, projected to reach 3% by 2030. Big tech firms are increasingly seeking alternative energy sources, including nuclear power, to meet needs. AI offers opportunities to enhance energy efficiency while increasing consumption.

UPI Transactions See Marginal Dip To 13.89 Bn in June

Inc42 · 1y ago

UPI Transactions See Marginal Dip To 13.89 Bn in June

According to the National Payments Corporation of India, transaction count increased by 49% YoY. The transaction volume in June was slightly lower than in May at INR 20.07 Lakh Cr. However, the transaction volume saw a 36% YoY increase.

Tata Motors sales dips 4% in July 2025

Economic Times

Economic Times · 1m ago

Tata Motors sales dips 4% in July 2025

Tata Motors reported a 4% year-on-year decline in total wholesales for July 2025, with 69,131 units sold compared to 71,996 units the previous year. Domestic dispatches fell by 12% to 39,521 units, while vehicle sales also saw an 11% decline. However, commercial vehicle sales rose by 7% to 28,956 units from 27,042 units a year ago.

Passenger vehicles sales remain muted in May, two wheelers up 2.2% YoY

Economic Times

Economic Times · 2m ago

Passenger vehicles sales remain muted in May, two wheelers up 2.2% YoY

Auto sales in India grew 1.5% year-on-year, with two-wheelers up 2%. Passenger vehicle sales fell slightly by 0.8% to 344,656 units, pressured by weak car demand despite a 7.6% rise in utility vehicles. Manufacturers curtailed shipments due to declining demand, especially for entry-level and compact cars. Two-wheelers increased, led by scooter sales growing 7.1%. Overall, vehicle exports rose by 22.8%. The industry remains cautiously optimistic, supported by expected normal monsoons and upcoming launches.

EQT, Temasek to sell Indian green energy platform O2 Power in $1.5-bn deal

VCCircle

VCCircle · 8m ago

EQT, Temasek to sell Indian green energy platform O2 Power in $1.5-bn deal

EQT and Temasek have agreed to sell their Indian green energy platform, O2 Power, to JSW Neo Energy for $1.5 billion. O2 Power has an operational and under-construction portfolio of 4.7 GW and the acquisition will help JSW Neo reach its goal of 20 GW by 2030. O2 Power specializes in utility-scale renewable energy projects and has seen a significant increase in revenue over the past year. EQT and Temasek had set up O2 Power in late 2019.

Smartwatches drag India wearable market down for 5th straight quarter to 26.7 mn: IDC

Economic Times

Economic Times · 22d ago

Smartwatches drag India wearable market down for 5th straight quarter to 26.7 mn: IDC

The Indian wearable market saw a fifth consecutive quarterly decline, with sales dropping 9.4% to 26.7 million units in April-June 2025, primarily due to reduced supply of smartwatches and earbuds, according to IDC. Notably, smartwatches faced the sixth consecutive drop, falling 28.4% YoY. Despite overall wearables decline, average selling prices rose slightly. Emerging technologies like smart rings, glasses, and wristbands showed growth, driven by new launches and consumer interest in innovative features.

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