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    India warns that Washington's Russia sanctions bill holds implications for bilateral ties, energy market
    Tata Sons in open revolt: Board reappoints Chandrasekaran, Trusts call it illegal
    Tata Trusts puts Rs 25,000 cr SP Group liquidity plan before Tata Sons board
    Tata turf war spills over: Board reappoints Chandrasekaran, Trusts call it illegal
    Scale up fishing capacity in EEZ, target high-value species for export: Minister to fishermen
    FinMin allays fears of increase in cash transactions post UPI MDR levy: Sources
    Tata Sons reappoints Chandrasekaran, but Tata Trusts call the vote 'illegal', setting up boardroom battle
    International Hardware Fair India 2026 to Bring the Tools and Hardware Industry Together from 23–25 October in New Delhi
    86400 Expands Financial Services Technology Portfolio with Three New Launches
    Ministry of Finance to organise a Conference of State Finance Ministers and Finance Secretaries on “Financing India’s Journey towards Viksit Bhara...
    Diwali 2026 Is Late 26 Things Every Clothing Business Must Fix Now
    '84 rules changed': Cong accuses Uttarakhand CM of handing power project meant for PSUs to Adani
    Tata Sons board for Chandra's reappointment, moves to list co; Trusts may challenge decision
    Tata Sons board votes to reappoint Chandrasekaran for third term
    APEDA Signs MoU with Gulfood Organiser to Strengthen Global Food Trade Opportunities
    Rupee slips 3 paise against US dollar
    Delhi HC to hear on Sep 29 pleas against Delhi Gymkhana Club eviction
    SC asks RBI to secure compliance of norms on seizure of financed vehicles by NBFCs, banks
    Empowering CPSEs for Global and Domestic Debt Markets: DPE Holds Interactive Workshop with Leading Credit Rating Agencies
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September 17, 2026
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Sanctions bill permits punitive tariffs on oil and gas trading partners, raising energy-market and bilateral relationship concerns.
United States sanctions bill concerning Russia would authorize the President to impose sanctions on Russia and punitive tariffs of up to 100 per cent on nations importing Russian crude oil. The tariff mechanism may affect oil and gas trading partners, bilateral relations and global energy markets, with concern expressed over its implications for energy trade.
September 17, 2026
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Secondary sanctions on Russian energy trade could expose major crude importers to punitive tariffs and economic pressure.
Congressional legislation targeting Russia and Iran would authorise sanctions against Russia's leadership, energy sector, and vessels facilitating evasion of oil-delivery restrictions. It would also permit punitive tariffs of up to 100 per cent on leading trading partners continuing to import Russian oil and gas. India has identified possible effects on bilateral economic relations and the international energy market, while maintaining that diversified sourcing is necessary for energy security and that its trade and economic interests will be protected.
September 17, 2026
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Trust-nominated director consent shapes the contested chairmanship reappointment as regulatory classification renews pressure to consider a stock-market listing.
Validity of the reappointment is therefore contested under the company's internal governance framework despite the majority board vote, and the appointment is expected to be considered for ratification at the annual general meeting. The dispute also concerns the distinction between shareholder influence and directors' decision-making duties. A Trust sought to direct its nominee director to oppose a listing, but the director declined on the basis of independent director duties.
September 17, 2026
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Selective capital reduction offers a proposed shareholder-liquidity route while preserving private-company status, subject to valuation and approval scrutiny.
Tata Trusts has placed before the Tata Sons board a framework for the Shapoorji Pallonji Group to monetise part of its Tata Sons shareholding without requiring a public listing. The transaction would be valued under Rule 11UA principles, completed in two tranches over 18 months, and require Tata Sons to commence a selective capital reduction process before the National Company Law Tribunal. Completion remains contingent on financing capacity, regulatory and tribunal approvals, and scrutiny of valuation, shareholder treatment, and the legal validity of the capital-reduction structure.
September 17, 2026
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Board chair reappointment validity turns on mandatory nominee-director approval, amid separate listing-compliance and succession disputes.
Tata Sons' board reappointed its executive chairman by majority vote, but Tata Trusts contend that the resolution is void under the Articles of Association because both Trust-nominated directors must approve a chairmanship resolution. The dispute also concerns the effect of the chairman's earlier decision to step aside, an ongoing successor-selection process, and uncertainty over a nominee director's status following a failed general meeting. Separately, the rejection of Tata Sons' deregistration request has revived questions over compliance with the listing requirement applicable to an upper-layer non-banking financial company.
September 17, 2026
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Deep-sea fishing access supports export-oriented harvesting of high-value species, with foreign-port high-seas landings recognised as exports.
Deep-sea fishing policy promotes expansion of fishing operations within India's Exclusive Economic Zone (EEZ) and on the high seas to increase fisherfolk income through exports of high-value species. High-seas catch classification has been altered so that fish caught on the high seas and offloaded at a foreign port are treated as exports rather than imports.
September 17, 2026
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Merchant discount rate on eligible UPI payments places charges on merchants while preserving consumer protections and small merchant exemptions.
Merchant Discount Rate at 0.4 per cent will apply from October 15 to person-to-merchant UPI payments above Rs 2,000, payable by merchants and subject to a cap for high-value transactions. Individual transfers and most everyday merchant payments remain free, while eligible small QR-code merchants are exempt. Essential-service payments and capital-market transactions receive separate fee treatment, and a portion of MDR collections will support small-merchant UPI adoption.
September 17, 2026
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Board reappointment validity depends on shareholder-nominated director consent, directorship quorum concerns, and leadership continuity amid listing compliance.
Tata Sons' board approved by majority vote the Executive Chairman's reappointment for a further five-year term after he reconsidered an earlier decision not to seek renewal. Tata Trusts contest the validity of the resolution, maintaining that the Articles of Association require affirmative votes from both Trust-nominated directors and that a dissenting vote renders a chairmanship resolution legally void. They also cite the accepted succession process and unresolved directorship status arising from a general meeting lacking quorum.
September 17, 2026
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Buyer-seller engagement supports sourcing and export-market opportunities for tools and hardware businesses through an international trade fair.
International Hardware Fair India 2026 is scheduled for 23-25 October 2026 at Bharat Mandapam, New Delhi, as a trade platform for the tools and hardware sector. Organised by Koelnmesse in association with the Federation of Indian Export Organisations, it is intended to facilitate product discovery, sourcing activity and exploration of domestic and international markets. Its Reverse Buyer-Seller Meet will bring hosted international buyers together with Indian manufacturers and suppliers for direct discussions on product presentations, buyer requirements and export-market opportunities.
September 17, 2026
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Financial services technology interoperability drives new card, digital banking and UPI platforms for banks, fintechs and consumers.
86400 has expanded its financial-services technology portfolio through CardsXT as a Service, a UPI app experience and IBMB, extending its activities across card-programme infrastructure, consumer-facing digital payments and digital banking. CardsXT is intended to let banks and fintechs build, launch and manage card programmes through an integrated offering, with flexibility to develop and scale card products while reducing card-lifecycle technology complexity. The UPI app experience provides a platform developed by 86400 for a more seamless consumer UPI payments experience.
September 17, 2026
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Intergovernmental fiscal coordination will guide deliberations on macroeconomic priorities, agricultural transformation, energy transition, growth measurement, and technology-enabled governance.
The thematic programme covers the macroeconomic outlook, financing agricultural transformation, and financing the energy transition. Background material addresses macroeconomic pathways, private financing, implications of GST 2.0 for States, agricultural markets and marketing, agricultural resilience and sustainable resource use, renewable energy and transmission assets, and carbon capture, utilisation and storage. Further sessions address measurement of growth outcomes and the contribution of new-age technology to good governance.
September 17, 2026
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GST-compliant festive planning helps apparel businesses protect input tax credit, manage price thresholds, inventory, cash flow and peak-season operations.
GST-sensitive festive planning for apparel businesses requires early procurement, phased inventory, supplier reorder commitments and separate stock strategies for the post-Diwali wedding season. Pricing and costing require assessment of the revised GST structure for readymade garments and GST-rate reductions affecting man-made fibres and yarns. Proper purchase documentation is important for protecting input tax credit during high-volume festive transactions. Cash-flow planning, credit limits, return policies, retail staffing, digital campaigns and weekly sell-through monitoring support replenishment and pricing decisions.
September 17, 2026
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Competitive Tender Conditions: allegations question replacement of a public-sector power project with terms allegedly favouring a single supplier.
Allegations of tender tailoring concern the replacement of a proposed UJVN-THDC public-sector thermal project with long-term procurement of 1,320 MW from a private generating plant. Congress alleges that 84 of 86 tender conditions were revised after the public-sector venture was abandoned, producing terms suited to an existing Korba expansion acquired by Adani Power through insolvency proceedings. The objections include plant-location flexibility, transmission costs for supply to Uttarakhand, and a 75% fixed-charge ceiling, which are alleged to narrow competition and shift long-term costs to consumers.
September 17, 2026
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Upper-layer NBFC listing requirements drive Tata Sons' listing process and proposed leadership renewal, subject to shareholder approval.
RBI's refusal to permit Tata Sons to surrender its core investment company registration revives the prospect of a public listing. Classified as an upper-layer non-banking financial company, Tata Sons is subject to a listing requirement whose deadline expired while its deregistration request was under consideration. Its board has agreed to advance the listing process, subject to annual general meeting approval. Any legal challenge to the refusal of deregistration may be pursued by Tata Sons itself rather than directly by the Tata Trusts.
September 17, 2026
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Mandatory listing obligations for upper-layer non-banking financial companies drive leadership continuity planning after deregistration is rejected.
Rejection of Tata Sons' request to deregister as a core investment company leaves it subject to the mandatory listing obligation arising from its upper-layer non-banking financial company classification. The board's majority support for N. Chandrasekaran's third term is linked to maintaining leadership continuity for prospective investors if a public listing proceeds.
September 17, 2026
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Gulfood partnership expands market access for food exporters through global buyer engagement and broader inclusion of emerging enterprises.
APEDA and InD Events Dubai have entered into a memorandum of understanding to support India's participation as Official Partner Country at Gulfood 2027. The partnership is directed at increasing global visibility for India's agricultural and processed food products, connecting Indian exporters with international buyers, and expanding market-access and business-engagement opportunities. Participation will bring together exporters, farmer producer organisations, MSMEs, startups, commodity boards and government institutions through product showcases, curated business-to-business meetings, conferences and industry engagements.
September 16, 2026
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Foreign exchange pressure drives rupee depreciation as a stronger dollar, capital outflows, and elevated crude prices weigh on markets.
Rupee depreciation continued for a seventh consecutive session, with the currency closing weaker against the US dollar amid overseas dollar strength and foreign fund outflows. Elevated crude oil prices and rising US Treasury yields increased pressure by raising importers' demand for dollars, while positive domestic equity markets limited the decline. Dollar strength reflected expectations of a US interest-rate increase, while domestic equity gains contrasted with net foreign institutional investor equity sales.
September 16, 2026
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Perpetual lease termination and public-premises eviction challenge turns on privity, statutory jurisdiction bar, and interim protection.
Challenges concern termination of Delhi Gymkhana Club's perpetual lease and a show-cause notice seeking eviction. The Government maintains that a member who is not party or privy to the bilateral lease has no personal estate in the land or right to restrain contractual resumption. It also contends that the Public Premises (Eviction of Unauthorised Occupants) Act bars civil-court eviction proceedings and injunctions against estate-officer action. The challengers seek a stay or status quo, arguing that the notice prematurely assumes valid lease termination.
September 16, 2026
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Lawful vehicle repossession requires contractual notice, due process, and safeguards against force, stealth, harassment, and arbitrary recovery methods.
Vehicle repossession by banks and non-banking financial companies must be lawful and fair despite contractual self-help repossession rights. Lenders and recovery agents must not use force, stealth, intimidation, harassment, or arbitrary methods. Legally valid repossession clauses must provide notice periods, lawful possession procedures, a final repayment opportunity, and sale or auction processes. Financial institutions must ensure recovery-agent compliance and prevent unlawful dispossession of borrowers from hypothecated vehicles.
September 16, 2026
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Credit rating transparency strengthens public enterprise access to debt markets through disclosure, risk assessment, and capital structure optimisation.
Objective and independent credit ratings measure CPSE financial strength, risk, credibility, and public-sector creditworthiness, supporting benchmarking and cost-effective access to global and domestic debt markets. Engagement between CPSE leadership and rating agencies focuses on rating methodologies, risk pricing, debt-market dynamics, transparent disclosures, and capital-structure optimisation. Such engagement is directed toward improving credit assessment, investor information, regulatory compliance, funding access at competitive rates, and market-facing disclosure practices.

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ELECRAMA 2025 Concludes Successfully, Showcasing Innovations and Industry Leadership

March 4, 2025

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Mumbai, Maharashtra, India (NewsVoir) The 16th edition of ELECRAMA 2025 organised by Indian Electrical and Electronic Manufacturers’ Association (IEEMA) wrapped up on a high note, firmly establishing itself as the premier global platform for the electrical and allied electronics industry. This edition broke previous records, by hosting over 1,000+ exhibitors, attracting more than 400,000 business visitor footfalls, and generating an estimated $20 billion in business enquiries — an undeniable testament to its unparalleled scale, influence, and global appeal.

ELECRAMA 2025 emerged as an important platform for industry engagement, showcasing impactful B2B meetings, insightful thought leadership sessions, and constructive policy dialogues that united both global and Indian stakeholders. The event successfully facilitated over 15,000+ B2B meetings and attracted close to 500 international buyers from 80 countries, further solidifying India's stature as a reliable partner within the global electrical ecosystem.

One of the biggest highlights this year was the launch of the New Energies Pavilion, a game-changing showcase of breakthrough technologies in Battery Storage, EV Charging Infrastructure, Digital Energy, Solar Modules, Solar Inverters, and more. This dedicated space showcased India’s rapid strides towards a sustainable and future-ready energy landscape.

The global interest at ELECRAMA 2025 has increased. While attending the event Hon’ble Minister Bachir Camara, Deputy Minister, MEHH, Guinea said, "India’s advancements in energy and digitalization offer valuable insights for developing nations like Guinea. Strengthening collaborations with India can help us enhance our electricity systems and adopt innovative solutions. Platforms like ELECRAMA provide an excellent opportunity to explore cutting-edge technologies, engage with industry leaders, and understand best practices in renewable energy, electrification, and carbon footprint reduction. Events like these are crucial in fostering global partnerships, allowing us to learn from India’s expertise and implement sustainable energy solutions that will drive our nation's growth. We believe this is the right time to leverage India’s achievements and work together for a brighter, more energy-secure future." ELECRAMA 2025 also witnessed four MoU signings, laying the foundation for transformative collaborations in the power and electrical sector. These agreements mark a significant step in driving innovation, industry partnerships, and next-generation energy solutions.

Highlighting the potential of the event, Kris Van den Zegel, Head of BD & Stakeholders, Eurelectric said, “ELECRAMA has been an electrifying experience, showcasing the booming Indian power sector and its remarkable growth. We were particularly impressed by the innovation, expanding capabilities of Indian companies, and the welcoming business culture. As the flagship event of IEEMA, it brings together key stakeholders to explore advancements in renewable energy, grid modernization, and digital transformation. The exhibition highlights India's rapidly expanding power sector, offering insights into emerging technologies and sustainable solutions. With global partnerships and knowledge-sharing at its core, ELECRAMA continues to position India as a hub for electrical manufacturing and energy innovation, strengthening industry connections and accelerating the transition towards a more efficient and resilient power ecosystem.” As the event draws its curtains, the significance of this year’s edition Sunil Singhvi, President, IEEMA said, "ELECRAMA 2025 has surpassed all expectations, marking yet another milestone in its journey as the world's leading platform for the electrical and power industry. The remarkable increase in visitor footfall compared to the previous edition underscores the growing global interest in India's energy and power capabilities. With over 400,000 business visitor footfalls, ELECRAMA has demonstrated its ability to bring together industry leaders, policymakers, and innovators to drive impactful collaborations and business opportunities." Vikram Gandotra, President (Elect) and Chairman, ELECRAMA 2025 also added, "Sustainability and innovation were at the heart of ELECRAMA 2025, setting new benchmarks in green electricity adoption and carbon footprint reduction. The event highlighted groundbreaking advancements in renewable energy integration, energy storage, and automation, paving the way for a greener and more sustainable future. Our collective efforts have contributed significantly to reducing carbon emissions, reinforcing India's commitment to clean energy and decarbonization. ELECRAMA continues to be a key enabler in accelerating the transition toward a low-carbon economy." Siddharth Bhutoria, Vice President, IEEMA & Vice Chairman, ELECRAMA 2025, "ELECRAMA 2025 has been a resounding success, particularly in fostering the growth of startups and emerging enterprises in the energy sector. Through initiatives like Electraverse Sparks, we have provided a dynamic platform for breakthrough innovations, enabling startups to showcase their solutions, connect with investors, and explore strategic collaborations. The overwhelming response from industry leaders and stakeholders underscores the critical role of ELECRAMA in driving innovation, nurturing entrepreneurship, and shaping the future of India's electrical and power industry." The event, inaugurated by Shri Manohar Lal Khattar, Hon’ble Union Minister of Power and Housing & Urban Affairs, highlighted the government’s commitment to strengthening India’s energy infrastructure. Delivering the keynote, Hon’ble Minister Piyush Goyal, Union Minister of Commerce & Industry, emphasized India’s energy transition, policy direction, and technological advancements. He urged the electrical industry to unify major expos, creating a world-class platform to position India as a global hub for energy and electrical solutions.

A key highlight was the 3rd Edition of Electraverse Sparks, where 20 high-potential startups showcased breakthrough innovations in energy, AI, automation, and sustainability, driving investments and strategic collaborations. The World Utility Summit brought together 70+ speakers and 400+ delegates including Vijay Mittal (IOFS), Joint Secretary, Ministry of Heavy Industries, to discuss grid modernization, sustainable policies, and digital transformation.

Meanwhile, ETECHnxt had 40+ unique speakers and 350+ delegates, the premier forum for emerging technologies, explored AI integration, IoT-driven smart grids, and blockchain applications in energy markets, reinforcing ELECRAMA’s role in shaping the future of the power sector.

To mark the successful culmination of the event, ELECRAMA 2025 hosted the prestigious Awards Distribution & Exhibitor Night, celebrating excellence in innovation and industry leadership. The evening was further enhanced by a spectacular musical performance by renowned playback singer Shaan, leaving the audience enthralled.

As ELECRAMA 2025 promoted sustainability in a big way, it was able to save 2.3 metric ton of CO2 through providing co-friendly cabs and the event on green electricity. The event leaves behind a legacy of groundbreaking discussions, cutting-edge technological showcases, and strategic collaborations that will shape the future of the electrical and power industry. The event reaffirmed India’s position as a leader in energy solutions, paving the way for a more connected, sustainable, and technologically advanced future.

About IEEMA IEEMA is the apex association of manufacturers of electrical and industrial electronics and allied equipment in India. Established in 1948, IEEMA is the first ISO-certified industry association, encompassing the entire value chain in power generation, transmission, and distribution equipment, including new and renewable energy sectors.

About ELECRAMA ELECRAMA is the flagship showcase of the Indian Electrical & Electronics Manufacturers' Association (IEEMA), bringing together the complete spectrum of solutions that powers the planet from source to socket and everything in between. ELECRAMA is a platform to connect the world with the Indian industry in respect of technology, new trends, and innovation for future energy transition.

For more information about ELECRAMA 2025, please visit: elecrama.com.

Image: ELECRAMA 2025 organized by IEEMA successfully concludes, bringing together industry leaders, innovators, and policymakers to shape the future of the electrical and power sector (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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