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Set to process 10,000 liters of milk per day, this facility will support the Army’s daily requirement of 20,000 liters and involve around 1,500 local farmers. View More
The project, located at the reservoir of Kadana Dam, marks a major expansion of the company’s RE capabilities into the high-potential floating solar segment View More
According to estimates from Wood Mackenzie, India’s solar module manufacturing capacity will exceed 125GW by 2025, which is more than three times its domestic demand. The pain of oversupply could force consolidation, separating the men from the boys. View More
The global green economy is experiencing unprecedented growth, projected to surpass $7 trillion by 2030. India is at the forefront, significantly increasing its renewable energy output. Companies that adopt eco-friendly practices are not only seeing accelerated revenue but also reduced investment expenses. View More
NEW DELHI: The global green economy has surpassed $5 trillion and is projected to exceed $7 trillion in annual value by 2030, with India expected to clock the highest growth in renewable electricity capacity and generation, a new report said on Tuesday. The World Economic Forum report , developed in collaboration with the Boston Consulting Group, said businesses across industries are already benefiting from the strong growth of the green economy, the second-fastest growing sector over the past decade. The research indicated that despite economic uncertainty and diverging environments, investment in green technologies continues to reach record highs. It identified the green economy as one of the world's fastest-growing sectors, outpaced only by tech, and highlights the advantages enjoyed by many companies embracing green solutions. The WEF said the research shows that companies with green revenues often outperform across multiple financial metrics. Live Events On average, green revenues grow two times faster than conventional business lines across the market, while the cost of capital for companies with green revenues is typically lower, it noted. Firms generating more than 50 per cent of their revenues from green markets often enjoy valuation premiums of 12-15 per cent on capital markets, reflecting investor confidence in their long-term resilience and profitability, the WEF said. According to the report, renewable capacity is set to grow at an average of 10 per cent per year globally in most regions, with India leading the charts with 16 per cent, followed by China's 15 per cent, between 2024 and 2030. Renewable electricity generation will grow at 9 per cent globally, with India again leading the charts with 13 per cent and China at 12 per cent in the same period. It also said that India and China both have seen their annual investment in clean energy rise at 12 per cent annually from 2019 to 2024, though the actual investment figure is the highest in the case of China. The report featured 14 case studies, including ReNew from India. ReNew has grown into one of India's leading independent renewable power producers with a diversified pipeline of more than 28 GW across wind, solar, storage and emerging green fuels. ReNew Chair and CEO Sumant Sinha said energy security is a critical priority for a developing country like India. "We are rich in renewable energy resources, so the more energy we produce domestically, and the more equipment we manufacture to enable that, the safer and more resilient we become in the current context. "India is thus increasingly focused on tapping all available local resources. That’s why the government continues to advance low-carbon solutions like green hydrogen and green ammonia to reduce import dependence and enhance strategic autonomy," he said. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!
Despite 67.5 GW bid out since April 2023, delays in signing power purchase and sale agreements threaten India’s 2030 renewable targets. View More
The PNGRB’s “Vision 2040” report calls for proactive gas infrastructure development, but analysts say LNG will have to compete with cheaper domestic coal, expanding solar capacity, batteries and pipeline gas View More
Shares of Airbus plunged to the bottom of the pan-European Stoxx 600 index on Monday morning. View More
A Spirit Airlines Airbus A320 airplane approaches San Diego International Airport for a landing from Las Vegas on May 9, 2025 in San Diego, California. Kevin Carter | Getty Images Shares of European aerospace giant Airbus fell as much as 10% on Monday, following reports the company has discovered an industrial quality issue regarding dozens of A320-family aircraft. The flaw, which is said to affect the aircraft's fuselage panels, is delaying some deliveries but there are no immediate indications that it has reached aircraft in service, Reuters reported, citing unnamed sources. In response, Airbus confirmed it had identified a quality issue regarding a "limited number" of A320 metal panels, saying the source of the issue has been "identified and contained." CNBC has contacted Airbus for comment. Paris-listed shares of Airbus plunged to the bottom of the pan-European Stoxx 600 index on the news. The stock was preliminarily 5.8% lower after the closing bell on Monday, paring losses from earlier in the session.The latest report comes after Airbus said the vast majority of the roughly 6,000 A320-family aircraft impacted by a software glitch over the weekend had now received the necessary modifications.In a statement published Monday, Airbus apologized for delays caused to passengers and airlines impacted by the software issue, which affected more than half of the narrow-body fleet and forced airlines to ground jets during one of the busiest travel weekends of the year. watch nowVIDEO2:5902:59Airbus shares drop on reports of A320 quality issuesSquawk on the Street The directive â among the largest in the 55-year history of Airbus â quickly spilled into U.S. holiday travel and stretched to Australia. The disruption, linked to solar flares, hit especially hard in Asia, where the single-aisle A320 family anchors short-haul networks.American Airlines and Delta Air Lines, which were both impacted by the Airbus recall, traded 0.2% lower and 0.3% higher, respectively. Meanwhile, shares of French aerospace and defense firm Thales, which supplied the flight system software to Airbus, were last seen down 2%. â CNBC's Victor Loh contributed to this report.
Markets will be looking an early Christmas gift from the U.S. Federal Reserve as the central bank meets for its final meeting of the year next week. View More
Regent Street in London celebrates the Christmas season on November 13, 2025 in London, England. Ben Montgomery | Getty Images Entertainment | Getty Images .ido-promo__content { box-sizing: border-box; width: 100%; background-color: #f0f0f0; padding: 2px 20px 2px 20px; font-family: Lyon, Helvetica, Arial, sans-serif; font-size: 18px; line-height: 1.66; } Taken from CNBCâs Daily Open, our international markets newsletter — Subscribe today December tends to sneak up on us, asking the perennial question: where did the year go? The final month often seems like both a finish line and a mirror, reflecting the year's highs, lows, and everything between. Markets, meanwhile, are hoping for an early Christmas gift from the U.S. Federal Reserve as policymakers gather for their final meeting of the year next week.Traders are largely expecting a 25-basis-point cut according to the CME Fedwatch tool, a move they hope will kickstart the "Santa Claus rally" that often nudges markets higher into the year-end.However, the forecast isn't entirely clear skies for Santa's sleigh.U.S. President Donald Trump's increasingly bellicose rhetoric has raised the spectre of possible military action in Venezuela, while recent volatility over the AI theme has investors wondering whether uncertainty will build, or in a worst-case scenario, give way to a bubble that finally pops.If time flies, then 2025 moved at supersonic speed, and December is its landing strip. So please fasten your seat belts, stow your tray tables, and put your seats in the upright position.Happy December! What you need to know today China factory activity still in contraction. The country's factory activity edged higher in November but remained stuck in contraction for the eighth consecutive month. Manufacturing PMI rose to 49.2, up 0.2 points from October, and in line with economists' expectations in a Reuters poll.India GDP accelerates. The Indian economy grew faster than expected for the quarter ending September, expanding 8.2% year on year. The sharp improvement in the GDP growth rate was due to a pick-up in manufacturing and construction activity and in domestic consumption.Wingtech-Nexperia war of words heats up. Dutch chipmaker Nexperia has publicly called on its China unit to help restore supply chain operations, warning in an open letter that customers across industries are reporting "imminent production outages."Markets climb in shortened Thanksgiving session. All three U.S. indexes gained in a shortened Friday session, with the Nasdaq Composite scoring its fifth straight day of gains and rising 0.65%. The S&P 500 gained 0.54% and the Dow Jones Industrial Average grew 0.61%.[PRO] A bright outlook for silver. Buzz around gold has rippled through markets this year â but silver has been quietly going along for the ride, culminating in a new record high that analysts say could double in the coming years. And finally... An American Airlines plane is parked at a gate at the LaGuardia Airport in New York City, U.S., Nov. 18, 2025. Kylie Cooper | Reuters Airbus A320 recall disrupts global travel after glitch linked to solar flaresThousands of travelers worldwide were stranded after Airbus ordered immediate software fixes for 6,000 A320-series aircraft, a move that affected more than half of the narrow-body fleet and forced airlines to ground jets during one of the busiest travel weekends of the year.The directive â among the largest in the 55-year history of Airbus â quickly spilled into U.S. holiday travel and stretched to Australia. The disruption, linked to solar flares, hit especially hard in Asia, where the single-aisle A320 family anchors short-haul networks.The European Union Aviation Safety Agency said in a directive on Friday that a JetBlue flight on Oct. 30 experienced an "uncommanded and limited pitch down event."â Victor Loh div { box-sizing: border-box; } .noselect { -webkit-touch-callout: none; /* iOS Safari */ -webkit-user-select: none; /* Safari */ -khtml-user-select: none; /* Konqueror HTML */ -moz-user-select: none; /* Old versions of Firefox */ -ms-user-select: none; /* Internet Explorer/Edge */ user-select: none; /* Non-prefixed version, currently supported by Chrome, Edge, Opera and Firefox */ } .DO-widget-wrapper { width: 100%; max-width: 620px; background-color: #fff; } .DO-logo-row { margin-bottom: 4px; } .DO-body { border-top: 2px #289dcf solid; border-bottom: 2px #289dcf solid; padding: 12px 0 12px 0; margin-bottom: 20px; } .DO-bodycopy .DO-button { font-family: Proxima Nova,Helvetica,Arial,sans-serif; } .DO-bodycopy {color: #424858; font-size: 18px; line-height: 31px; margin-bottom: 12px;} .DO-button { color: #fff; font-size: 16px; font-weight: 600; width: 120px; height: 30px; background-color: #0071bc; border-radius: 6px; text-transform: uppercase; padding: 4px; text-align: center; cursor: pointer; margin-bottom: 4px; text-decoration: none !important; } .DO-button:hover { background-color: #0a94e0; text-decoration: none !important; } @media Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. 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While industrial demand for silver is expected to decline slightly in 2025, the metal is increasingly used in electric vehicles, for AI components and in photovoltaics. View More
Silver, often nicknamed the 'Devil's metal' because of its volatility, has reached record highs this year and still has further to run despite a supply crunch, according to experts.The metal's growth value has been running alongside gold's, which has seen its own rally with the price surging past $4,000 an ounce this year.Silver prices reached a historic peak of $54.47 per troy ounce in mid October, marking a 71% rise year-on-year. They've since pared back gains somewhat, but are now growing again, despite low supply levels."Some people were having to transport silver by plane rather than on cargo ships to meet delivery demand," Paul Syms, head of EMEA ETF Fixed Income and commodity product management at Invesco, told CNBC."While we've seen the spike up, we've seen the price come down a little bit. Longer term, there's a different dynamic this time that could keep silver at reasonably high prices and maybe continuing to go up for some time to come," he added.October was only the third time in the past 50 years where silver prices peaked. Other silver price highs include January 1980, when the Hunt brothers amassed a third of the world's supply as they attempted to corner the market, as well as 2011, following the U.S. debt ceiling crisis when silver and gold were embraced as safe haven assets. Stock Chart IconStock chart iconSilver prices year-to-date "Silver is only about a tenth the size of the gold market, and that short squeeze, obviously, sort of caught a few investors by surprise," said Syms.Unlike the previous investment waves, silver's boom in 2025 relied on a mix of low supply and high demand from India as well as industrial needs and tariffs."After Liberation Day, the gold price spiked, but silver actually went down a little bit. And the gold-silver ratio spiked to above 100," said Syms, referring to the gold-silver ratio which reflects how many ounces of silver are needed to buy one ounce of gold.A low ratio means gold is relatively cheap, while a high ratio indicates silver is undervalued and likely to rise. In April, the ratio reached a historic high."The risk managers in financial and industrial entities did not want to let any metal go out of the States for fear that it might come back in at 35% higher for example," said Rhona O'Connell, head of market analysis EMEA and Asia at Stone X. watch nowVIDEO13:0413:04Why silver prices are soaringCNBC Explains Fast forward to the Autumn and silver entered its peak demand, especially as India's monsoon and harvest seasons came to an end."Farmers don't really like the banks very much, so gold and latterly, silver, tend to be the first port of call when they've got the harvest in," said O'Connell.India is also the world's largest consumer of silver, with about 4,000 metric tons used every year, mostly for jewelry, utensils and ornaments. The silver appeal this Autumn also coincided with Diwali, a five-day 'Festival of Lights' celebrating prosperity and good fortune and also India's biggest public holiday. Supply crunch While gold is traditionally a favorite, this year silver â an affordable investment option in a country where about 55% of the population depends on agriculture for their livelihood â outshined other metals.On Oct. 17, the price of silver in India rose sharply, reaching a record high of 170,415 rupees a kilogram â an 85% rise since the start of the year.However, 80% of India's silver supply is imported. The UAE and China are increasingly supporting that demand, but the U.K. is traditionally India's largest silver supplier.Yet, London's vaults have been emptying rapidly for the past few years. In June 2022, the London Bullion Market Association held 31,023 metric tons of silver. By March 2025, volumes had fallen by around a third toâ¯22,126 metric tons â its lowest point in years."What isn't necessarily so visible to people is what's happening in the vaults," said O'Connell. "And that had reached a point where there was basically there was no available metal left in London."In October, the squeeze was such that traders had to pay much higher borrowing costs â or lease rates â to close their positions."At one stage, to borrow overnight was costing 200% on an annualized basis, so a lot of people were very stressed to put it mildly," said O'Connell.Supply is a constant issue for silver, as for other precious and rare metals. The Silver Institute's 2025's World Silver Survey estimates that mine production has been decreasing over the past 10 years, especially in Central and South America."Over the course of the past twelve months or so, the underlying surplus has started to turn into a deficit for three reasons: the impact of the electrification of the vehicle fleet, artificial intelligence, and photovoltaics," said O'Connell. Read moreThe rich are ârentingâ out their idle gold bars for income as prices remain at historic highs$100 silver? Analysts say the metal could double from record highsThese stocks are outperforming this year and are cheap heading into 2026 "At the moment, a standard electric vehicle has about 25 grams of silver, maybe the larger EVs have 50 grams of silver as part of their components," said Syms."If we move into these solid-state silver batteries, each electric vehicle might require a kilo or more of silver," he added.And with silver having a high thermal conductivity and a higher electrical conductivity than other metals, as well as increasing demand for EVs, AI and renewables, the metal's value is likely to keep shining."Silver crosses over that bridge between precious and industrial metals, and the way technology is going on, the batteries, the solar panels, it's got some great use cases as we move into a more electrified world," said Syms.