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The US has slapped a hefty 123.04% anti-dumping duty on Indian solar cells and modules, citing "critical circumstances." This, combined with existing duties, makes US shipments unviable. However, Indian solar firms have already diversified exports to Europe and West Asia, mitigating the immediate impact. The industry plans to challenge the "flawed" findings. View More

It offers a compelling promise: to not only harvest sunlight, but to cultivate opportunity, resilience, and inclusive rural growth View More

The project will be executed under the Built-Own-Operate-Transfer model, with a total contract tenure of 25 years View More

"We are facing the biggest energy security threat in history," Fatih Birol, the head of the International Energy Agency, told CNBC on Thursday. View More

watch nowVIDEO4:1104:11‘We are facing the biggest energy security threat in history': IEA chiefConverge "We are facing the biggest energy security threat in history," Fatih Birol, the head of the International Energy Agency, or IEA, told CNBC on Thursday. "As of today, we've lost 13 million barrels per day of oil ... and there are major disruptions in vital commodities," he told Steve Sedgwick virtually at CNBC's CONVERGE LIVE in Singapore.Birol has previously warned that the Iran war and ongoing closure of the Strait of Hormuz would result in "the largest energy crisis we have ever faced" and urged governments to bolster their resilience with alternative energy sources."I expect, first of all, nuclear power, will get a boost. ... Renewables will grow very strongly — solar, wind and others — [and] I expect electric cars will benefit from this," he noted. Alternative fossil fuels could also make a comeback, he noted."In some countries, I expect the coal may also see a push and go back up, especially in some big countries in Asia." Fatih Birol, executive director of the International Energy Agency, joins CNBC CONVERGE LIVE in Singapore on April 23, 2026.CNBC The vital maritime passage — through which an average 20 million barrels of oil and petroleum products were shipped every day before the war — is currently under a "double-blockade" with neither Iran nor the U.S. allowing vessels to enter or exit the strait. Read moreWhat are the alternatives to the Strait of Hormuz? Take a lookThese charts show how Iran’s economy is in freefallIndia, China go head-to-head for Russian oil as Hormuz disruptions tighten supply Describing the strait as one of the world's "most critical oil transit choke points," the IEA has warned that the closure will impact global economic growth, spur inflation and could lead to energy rationing. The agency has warned of an imminent jet fuel crunch in Europe, with some countries facing shortages within weeks."Europe gets about 75% of its jet fuel from refineries in the Middle East and this is basically now [down to] zero. ... Europe is now trying to get it from the U.S. and Nigeria. If we are not able to get, in Europe, additional imports from the countries now, we will be in difficulties," Birol told CNBC on Thursday."I really hope, first of all, that the strait is opened and refinery exports start from there, but we may well need to take some measures in Europe to reduce air travel as well," he said. A commercial vessel is seen off the coast of Dubai on April 20, 2026. - | Afp | Getty Images The 32-member IEA has tried to mitigate the impact of the global energy supply disruption by agreeing in March to release 400 million barrels of oil from emergency stockpiles.Birol said in early April that while the IEA would consider releasing a second tranche of reserves, such a move would represent a reprieve rather than a resolution to the crisis, "This is only helping to reduce the pain, it will not be a cure," he told the "In Good Company" podcast hosted by Nicolai Tangen, CEO of Norges Bank Investment Management."The cure is opening up the Strait of Hormuz. We are gaining some time, but I don't claim that this will be a solution, our stock release," he added. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Hindustan Power announced a 100 MW solar project in Punjab, awarded via competitive bidding. The project includes a 25-year power purchase agreement, ensuring long-term revenue and clean energy support. Commissioning is anticipated within 24 months. View More

L&T's Buildings & Factories business has secured significant orders in India, including the construction of seven high-rise residential towers for Oberoi Realty in Gurugram. Additionally, the company will build a state-of-the-art Proving Ground in Haryana for a leading international firm, enhancing vehicle testing infrastructure. View More

Larsen & Toubro Ltd. (L&T) has secured a ‘significant’ order for its Buildings & Factories business, including a contract from Oberoi Realty to build residential towers in Gurugram. As per the company, an order ranging between Rs 1,000 crore and Rs 2,500 crore is classified as 'significant'. L&T share price: Shares of Larsen & Toubro Limited (L&T) were trading at Rs 4033.00 per scrip after rising by Rs 10.85 (+0.27%) as on 12:15 on April 23. "The Buildings & Factories (B&F) business vertical of L&T has won multiple orders in India. It has secured an order from Oberoi Realty for the construction of seven high-rise residential towers in Gurugram, NCR," the company said in a release. The scope of the order includes RCC shell and core construction, along with earthworks and piling, all to be executed within "stringent timelines". Live Events L&T's construction business has also secured an order for the construction of a proving ground from an unnamed 'reputed international company' in Haryana. The facility, as L&T said, will boost testing infrastructure for vehicles embedded with the latest technology. The scope of the said order also includes finishing works and external development relevant to the facility. L&T’s B&F business vertical possesses strong experience in delivering EPC solutions across segments such as hospitals, public spaces, airports, data centres, residential buildings, commercial spaces and factories, including automobiles, proving tracks, new energy facilities like solar panel and battery storage plants, paint and chemical plants, glass plants, food processing units and other complex industrial structures. .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! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Tesla's stock has underperformed all of its megacap peers so far this year as global competition ramps up in the electric vehicle market. View More

In this articleTSLAFollow your favorite stocksCREATE FREE ACCOUNT Elon Musk waves to the crowd during the 56th annual World Economic Forum meeting in Davos, Switzerland, Jan. 22, 2026.Denis Balibouse | Reuters Tesla reported first-quarter earnings on Wednesday that beat analysts' estimates even as revenue came in weaker than expected. Shares of the electric vehicle maker initially rose about 4% in extended trading but gave up their gains after the company said on the earnings call that spending this year will be $5 billion above prior guidance. Here's how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: 41 cents adjusted vs. 37 cents expectedRevenue: $22.39 billion vs. $22.64 billion expectedTesla's stock has underperformed all of its megacap peers so far this year, dropping 14% as of Wednesday's close. The company's core automotive business continues to struggle against competitors across the globe like China's BYD and Xiaomi. Revenue increased 16% in the quarter from $19.3 billion a year earlier, according to Tesla's earnings statement. In its auto segment, revenue also rose 16% to $16.2 billion from $14 billion a year ago. Tesla confirmed in the earnings deck that it plans to make "more affordable trims" of its Model Y SUV and Model 3 sedans.The past year has been a challenge as rivals offer higher-tech but lower-cost models against Tesla's aging lineup of electric vehicles. Tesla also faces an ongoing consumer backlash in response to CEO Elon Musk's work with the Trump administration, his incendiary political rhetoric and endorsements of far-right political figures. window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}}); Earlier this month, Tesla reported 358,023 vehicle deliveries for the first quarter, which was lower than the prior quarter and up about 6% from a year earlier. Tesla has recorded annual declines in the past two years, with a drop in the year-ago quarter partially attributable to "the loss of several weeks of production," as the company was upgrading Model Y factory lines.Net income increased to $477 million, or 13 cents a share, from $409 million, or 12 cents a share, a year earlier. Tesla's automotive gross margins, excluding the sales of environmental regulatory credits, came in at 19.2%, higher than in any quarter last year. The company said margins were helped by higher average selling price and "lower average cost per vehicle due to lower material costs."Profits were also boosted by what the company described, in its shareholder deck, as "one-time benefits" related to tariffs, and its automotive warranties. In February, the Supreme Court struck down a huge chunk of President Donald Trump's far-reaching tariff agenda, and companies are now claiming refunds from the federal government. CFO Vaibhav Taneja said on the earnings call that the company hasn't received a benefit from the Supreme Court decision. Capital expenditures jumped 67% in the quarter to $2.49 billion from $1.49 billion in the same quarter last year. Taneja said on the call that capex will top $25 billion this year, up from a 2026 prediction last quarter of $20 billion. That's an increase from $8.6 billion in 2025. window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}}); In its energy segment, which sells solar installations and a range of battery energy storage systems, Tesla reported $2.41 billion in revenue for the quarter, down 12% from $2.73 billion in the year-ago period.Musk has been trying to change the narrative surrounding his company by focusing on efforts in self-driving technology and humanoid robots. While the company is testing a small number of driverless cars in its ride-hailing service in Texas, Tesla still relies on EV sales for the bulk of its revenue and doesn't yet sell a robotaxi-ready vehicle.Tesla said in January that it would end production of Model S and X vehicles, and use the factory in Fremont, California, to build Optimus humanoid robots. The company said on Wednesday that "preparations for our first large-scale Optimus factory will begin shortly in Q2," with a plan for the "first-generation line" to build 1 million robots a year. Musk has a history of setting and missing ambitious targets for developing futuristic products. On the earnings call, Musk said older model Tesla vehicles featuring Hardware 3 computers would not be able to use the company's forthcoming "unsupervised" FSD systems, which are intended to make their cars capable of driverless operations, or safe for use without active human supervision.The company said it plans to set up a "discounted trade-in" for cars that have the older hardware, and will allow customers to upgrade their car computers and cameras to enable future self-driving system use.Tesla is the first of tech's trillion-dollar companies to report results for the quarter. Alphabet, Amazon, Meta and Microsoft are scheduled to report next Wednesday, followed a day later by Apple. This is breaking news. Please check back for updates.WATCH: Tesla can only trade on hopes about the future for so long, says Cramer VIDEO8:1808:18Tesla can only trade on hopes about the future for so long, says Jim Cramer Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

The upcoming facility - a 6 GW solar ingot and wafer manufacturing unit - represents an investment of approximately ?5,400 crore and is a key step in building a resilient domestic solar supply chain View More

18,830 consumers had installed rooftop solar systems in western Odisha as of March 2026, indicating a growing shift towards sustainable and self-reliant energy consumption View More

Shares of ACME Solar rose 1.65% to ?301.15 on Wednesday, against a previous close of ?296.25, with a session high of ?304.45 View More