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L&T profit up by 11 per cent Singur minus Nano – victory or folly? TN government keen on revival of operations at Nokia complex Daimler grows sales and share in India Tata Motors charts investments in PV and CV businesses Hindalco – re-rating Gamesa to set up a plant in Nellore CAPITAL NOTES Back in growth mode Tata Steel, ThyssenKrupp sign MoU to merge European units L & T set bigger ambitions in defence business New India Assurance posts impressive show Is this a generation gap? Increasing market share It takes two to tango Titan Company – sales recovery to kick in Yamaha unveils scooter boutique HPCL plans Rs.61,000 crore capex over 5-years Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Aurobindo Pharmacy: good turnaround Emami – a new growth mantra Are they really independent? Welcome focus to improve rural India... Smooth sailing of SAIL M & M unveils driverless technology for tractors Housing demand revival PSU non-life firms seek to protect share RoC in the dock... Wabco launches safety system Hyundai to focus on SUVs and AMT variants Toyota and Suzuki to introduce EVs in India by 2020 LVB posts 31 per cent growth in Q1 net profit L & T’s floating dock for navy Shriram Life clocks more than Rs.1000 crore premium in 2015-16 A niche in FMCG business... From the toughest to the best year AL secures orders for 3600 buses TVS Automobile invests Rs.75 crore in start-up firms TI Cycles plans retail expansion to drive sales for premium bicycles Mercedes-Benz sales continue to zoom E.I.D Parry (India) Ltd: another sweet year L&T bags the Mumbai Trans-harbour link order Chinese smart phones flourish in small towns too! Sundram Fasteners rejigs international A welcome initiative-even critics are recognised Sivasankaran enters taxi space to take on Uber and Ola AL wins Deming prize again He excels in the nuts and bolts of entrepreneurship Last stages Preparing for the next growth curve Bajaj Finserv – Q1: fare well When small is not so beautiful… V-Guard launches app-enabled water heater system TVS Srichakra plans capacity expansion 29 per cent jump in TCS revenues Carnival Films acquiring 3000 screens pan India Rane targets Rs.5500 crore topline by 2018-19 Right to privacy – now it’s fundamental! Kone India eyes further growth in elevator market Daimler’s truck exports from Chennai cross 5000 units Record two-wheeler sales IOB on turnaround path Michelin to double Chennai capacity Solar installations exceed 2015 capacity in five months Maruti – for young buyers Tata Motors joins compact SUV bandwagon with Nexon Tata Motors bets on new launches Forging industry worried over lower supply of steel and its price Nissan exit shouldn’t affect ALL Smartphone onslaught by Chinese brands AL introduces Guru & Partner Tata gets 4-star rating for Zest Dish TV – subscriber additions encouraging Consolidating leadership position in smartphones Land wars Ode to Ratan Tata PPP model for infrastructure development Vellayan is back, after 150 days The gainers and the losers ITC chairman calls for policy impetus to transform agriculture Hyundai India achieves 7 mn production at Chennai factory Tata Motors aims to be among the Top 3 global CV & PV firm Eyes strong growth in 2016-17 The unexpected exit ITC – steep excise hike
 
Solar installations exceed 2015 capacity in five months

New installations in the solar sector stood at 2.2 GW during the first five months of 2016, according to Mercom Capital, a global clean energy communications and consulting firm.

 “Cumulative solar installations in India crossed the 7.5 GW mark as of May 2016 with about 2.2 GW installed so far this year, more than all of the solar installations in 2015. India’s solar project pipeline has now surpassed 22 GW with about 13 GW under construction and about 9 GW in the request for proposal (RfP) process,” it said.

Government’s strong commitment to renewables and its push towards solar have begun to show results, as solar represented 2.5 per cent of the net installed capacity in India at the end of 2015-16, up from 1.4 per cent a year ago. Also, it was the fastest growing new energy source in the country.

Solar accounted for 17.4 per cent of all renewable energy generation in 2015-16 compared to 10.5 per cent in 2014-15.

 “The Indian solar market is growing in size but the question is: is it too much and too fast, as infrastructure and systems have not kept pace with auction announcements. For the sector to move from 2 GW to 10 GW market, work still needs to be done,” said Raj Prabhu, CEO and Co-Founder of Mercom Capital Group.

Low bidding levels through reverse auctions have been a major concern at a time when the Indian banking sector is going through its own challenges, which could make borrowing much more difficult in the short-term, it said.

 

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