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Another PLI hits the Chinese wall: India mulls solar module dates

Mint New Delhi

|

June 02, 2025

The government is considering extending the deadline for completion of projects under the Production Linked Incentive (PLI) scheme for solar modules and their parts, said four people in the know of the development, amid delays in technology sourcing and component supply from China.

- Rituraj Baruah

The ₹19,500 crore scheme for fully and partially integrated solar PV module manufacturing has scheduled commissioning dates from October 2024 to April 2026. Data from the ministry of new and renewable energy showed that around 17.5 GW of module manufacturing capacity had been completed by First Solar, Avaada, Grew, Tata Power Solar and Indosol, out of the awarded 48.3 GW awarded to several firms.

Of the 44.9 GW cell manufacturing capacity awarded to several companies, only 6 GW has been completed by Tata Power Solar and ReNew.

In ingot and wafer manufacturing, only 2 GW capacity has been completed by Adani Group, out of the overall 37.5 GW awarded capacity.

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PepsiCo taps gourmet taste buds with Red Rock Deli’s India debut

Snack and cola maker PepsiCo is finally giving gourmet a chance with the launch of Red Rock Deli chips, priced ₹60 and ₹125 a pack, in a shift from its years-long focus on mass-market Lay's that starts as low as ₹5.

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Fintechs turn fund magnets with cross-border licensing

Funders see growth prospects in central bank's payment aggregator-cross border licensing

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3 mins

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'First-gen founders take bigger investment risks'

India’s markets are minting a new class of first-generation millionaires: entrepreneurs who’ve scaled ideas into Initial public offerings (IPOs) and unlocked unprecedented personal wealth.

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Mint New Delhi

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Fundamentum readies four portfolio startups for IPOs

Nandan Nilekani-led venture capital firm Fundamentum is lining up at least four companies in its portfolio for a public listing over the next 12-24 months, co-founder and partner Ashish Kumar said.

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2 mins

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Ukrainians resist pressure from Russia—and Trump

Battered by nearly 4 years of war, Ukrainians don’t want to make big concessions to Moscow

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4 mins

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These firms will sell shovels during semaglutide gold rush

Weight-loss drug semaglutide, also used to treat type-2 diabetes, will face its next big turning point in early 2026, when patents held by Novo Nordisk expire in India.

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2 mins

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Mint New Delhi

IL&FS group repays ₹48,463 cr loan

Debt-ridden IL&FS group has repaid ₹48,463 crore to its creditors as of September 2025, out of the total ₹61,000 crore debt resolution target, as per the latest status report filed before insolvency appellate tribunal NCLAT.

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1 min

November 27, 2025

Mint New Delhi

From playlists to pay-lists— streaming platforms go flexi

Audio streaming platforms reshape their business models to turn free listeners into paying subscribers, tiered pricing and micro-transactions have become key to their survival in a market where users are reluctant to pay for content.

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2 mins

November 27, 2025

Mint New Delhi

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AI trade splinters as Google challenges Nvidia’s dominance

Investors are sending two leaders of the AI trade in opposite directions.

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3 mins

November 27, 2025

Mint New Delhi

Is Bengaluru’s appetite for fast food restaurants waning?

Quick-service restaurants have flagged weakening demand in the key market

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2 mins

November 27, 2025

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