Business

The central government has approved an extension for Gurdeep Singh as Chairman and Managing Director (CMD) of NTPC Ltd., India’s largest power generation company. Singh, who has been at the helm since 2016, will continue to lead the public sector enterprise, steering it through a critical transition phase marked by a dual focus on conventional energy expansion and renewable capacity growth. His tenure has been characterized by significant milestones, including diversifying NTPC’s portfolio into green energy and strengthening operational efficiency.

Real estate developer Nirala World has reported the sale of 400 apartments in its flagship residential project in Greater Noida, signaling robust demand in the region’s housing market. The company’s performance underscores the rising appetite for affordable and mid-segment housing in India’s National Capital Region (NCR), a market that continues to attract both end-users and investors.

Excel Infra has announced the launch of a new residential development in Mumbai, marking a strategic expansion in the city’s highly competitive real estate market. The project, valued at Rs. 250 crore, underscores the company’s ambition to strengthen its presence in India’s financial capital while addressing the growing demand for quality housing. Positioned in a prime location, the initiative aims to cater to urban buyers seeking modern amenities, sustainable design, and long-term value creation.

India’s largest carmaker, Maruti Suzuki, reported a dip in total sales for August, with volumes slipping to 1,80,683 units compared with 1,89,082 units in the same month last year. While the company’s exports saw moderate growth, domestic passenger vehicle sales experienced pressure due to evolving demand dynamics and supply constraints in certain segments. The performance reflects both cyclical challenges and shifting consumer preferences in the automobile market, even as Maruti continues to expand its portfolio in hybrid and compact SUV categories to strengthen its market leadership.

Infrastructure development company Dharan Infra EPC has won fresh contracts worth Rs 1,171 crore in Andhra Pradesh, bolstering its order book at a time when public investment in roads and urban infrastructure is accelerating. The projects, spanning critical engineering, procurement, and construction (EPC) works, underline the state’s emphasis on modernizing connectivity and civic facilities. The new deals are expected to strengthen Dharan Infra’s regional presence and contribute to its revenue visibility over the next several quarters.

Saatvik Green Energy has secured a significant order for supplying and installing solar-powered water pumps in Maharashtra, marking a strategic step in the state’s clean energy and rural development initiatives. The project underscores the growing role of renewable technologies in supporting agricultural communities by reducing dependence on conventional electricity and diesel pumps. This development reflects India’s broader policy push toward sustainable energy adoption and highlights the increasing participation of private sector players in driving the solar revolution.

Uttar Pradesh has begun implementing the Ministry of Road Transport and Highways (MoRTH) guidelines for the registration of vintage and classic vehicles, offering automobile enthusiasts a structured framework for preserving and legally operating their prized possessions. Under the new rules, vintage cars will be registered with distinctive license plates and issued special certificates of registration. The move not only ensures recognition of vintage vehicles as heritage assets but also brings them under a standardized system of regulation.

Reliance Industries scion Anant Ambani has announced the development of an unprecedented megacomplex, reportedly four times the size of Tesla’s Gigafactory. The facility, constructed using steel equivalent to that used in 100 Eiffel Towers, promises to redefine industrial infrastructure in India. Designed as a multi-functional hub, the complex will integrate manufacturing, research, and logistics operations under a single roof. Analysts anticipate that this project will not only bolster domestic production capabilities but also reinforce India’s position in global supply chains.

Suzuki Motorcycles has announced a recall affecting 5,000 units of its popular Gixxer 250 model due to a potential issue with the rear braking system. The move aims to ensure rider safety and prevent any performance-related incidents stemming from brake malfunction. Owners of the affected bikes are advised to visit authorized service centers for inspection and corrective measures at no additional cost.

In a strategic move to capture festive demand, Bank of Baroda has announced a reduction in interest rates on car loans, making vehicle financing more accessible for prospective buyers. The cut aims to stimulate retail lending during a period traditionally marked by increased consumer spending on automobiles. By offering competitive rates, the bank seeks to strengthen its market share in the automotive loan segment while supporting customers in acquiring new vehicles at a lower cost of borrowing.