Business
Adani Transmission wins three CII awards

Adani Transmission Limited (ATL), India’s largest private sector power transmission and retail distribution company, has won three awards at the Confederation of Indian Industry’s (CII) first ever Operational Sustainability Conference-cum-Competition.
“These awards are an encouraging recognition of our commitment and our multi-pronged approach to greening the operations and improving the productivity and efficiency through a clear focus on sustainability”, said Anil Sardana, MD & CEO, ATL.
“The significant improvement in our S&P Corporate Sustainability Assessment (CSA) score combined with these awards from the CII demonstrates our ability to combine corporate responsibilities and operational sustainability. The company is benchmarked with best-in-class practices and intends to emerge as a world-class integrated utility.”
The CII’s Operational Sustainability Competition was categorized into four chief sustainability pillars encompassing human, social, economic and environmental parameters. A wide variety of case studies from major industry participants were assessed by a panel of jury members.
In the area of Economic Sustainability, ATL won two awards: the Platinum Award for Green Energy Adoption for its case study on auxiliary consumption and the Gold Award for its case study on Remote (Central) Operation with cluster-based maintenance. ATL also won the Silver Award for its case study on Greening of Sub-stations in the area of Environmental Sustainability.
ATL presented case studies on green energy adoption for auxiliary consumption and remote (central) operation with cluster-based maintenance. ATL has installed solar plants of 2,360 kWp capacity at Sami, Morena & Rajnandgaon sub-stations. This resulted in a reduction of 2,613 tonnes of carbon emissions. The company also replaced conventional bulbs with LEDs and installed energy meters for energy monitoring and saving. Through installation of solar power, the company was able to reduce auxiliary consumption. For this, ATL received the Platinum Award for green energy adoption in the Economic Sustainability category.
ATL has significantly controlled cost and conserved critical resources through the adoption of ENOC and cluster-based maintenance philosophy in the business. The adoption of this practice has improved asset reliability, encouraged data-driven decision-making, enabled expert intervention by central control, facilitated strategic maintenance of assets, significantly reduced operational costs, optimized capital cost of assets and increased the efficiency of maintenance crews. For this, ATL received the Gold Award for remote (central) operation with cluster-based maintenance in the Economic Sustainability category.
ATL optimally utilizes non-electrical land at all sites within substation premises for sustainable agriculture and rainwater harvesting. In FY2021, ATL has planted more than 750 trees in non-electrical areas in its substations. The sites include Sami, Mahendragarh, Akola, Morena, Rajnandgaon, Koradi and Tiroda. ATL received the Silver Award in the Environmental Sustainability category.
Business
Tesla Mumbai Showroom Now Open, Bookings For Model Y Begin

Elon Musk’s Tesla has flagged off its India operations with its first showroom in Mumbai now open. The showroom is located in Mumbai’s premium Bandra Kurla Complex area. It will be showcasing the popular Model Y and Model 3 cars at the venue. Maharashtra CM Devendra Fadnavis arrived at the first Tesla showroom in India, to commemorate the occasion.
The new Mumbai showroom opening marks the entry of Tesla in India, one of the world’s fastest-growing automobile markets. The showroom, at Maker Maxity in BKC, is around 4,000 sq ft large and is said to cost Rs. 35 lakh per month. While customers will be able to book their cars starting today, delivery is said to commence sometime in August. Delivery and registration are only limited to Delhi, Gurugram and Mumbai for now.
The experience centre is located near the Apple flagship store in BKC. Tesla is said to open a showroom isn Delhi as well. While this is a soft launch, the company is expected to do a grand inauguration as well. To book the Model Y or the Model 3, consumers will need to head to the Mumbai experience store.
Musk’s company has imported all the cars fully assembled from China, paying heavy taxes (approximately 70 percent) on the same. The cars are said to be priced starting at around Rs. 40 lakhs in India.
The spotlight will be on the Model Y, which is the most popular variant of Tesla across the world. The SUV is available globally in two variants, Long Range RWD and Long Range AWD (Dual Motor). It claims to offer up to 574 km and goes from 0 to 100 kmph in just 4.6 seconds.
The Model 3, Tesla’s most affordable offering in the Indian market, will also be showcased but is expected to go on sale later in 2025. The top variant of the Model 3 clocks 0 to 100 kmph in 3.1 seconds, has a range of 507 km, and a top speed of 162 kmph.
Tesla India has reportedly leased a 24,500-square-foot space in Mumbai’s Kurla West to set up a service centre, located close to its upcoming showroom in BKC.
Business
Sensex Today: Markets Slip In Early Trade, IT Stocks & Foreign Fund Outflows Drag Indices

Key Highlights:
– Sensex fell 232.93 points; Nifty dropped 71.4 points in early trade.
– IT majors like Infosys and Tech Mahindra among top losers.
– FIIs offloaded ₹5,104 crore worth of equities on Friday.
Mumbai: Benchmark indices Sensex and Nifty dropped in early trade on Monday amid selling pressure in IT stocks and foreign fund outflows.
The 30-share BSE Sensex declined 232.93 points to 82,267.54 in early trade. The 50-share NSE Nifty dipped 71.4 points to 25,078.45.
From the Sensex firms, Bajaj Finance, Infosys, Tech Mahindra, Bharti Airtel, HCL Tech and Asian Paints were among the biggest laggards.
However, Trent, Axis Bank, Mahindra & Mahindra and NTPC were among the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,104.22 crore on Friday, according to exchange data.
“Nifty has been exhibiting weak trend weighed mainly by the weakness in the IT stocks. This weakness may persist particularly since the FIIs were big sellers in the cash market last Friday. Market is expecting a US-India trade deal soon with a tariff rate of around 20 per cent for India. If this happens the market will get a sentimental boost. Any disappointment on this front can drag the market further down,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
In Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng were trading in the positive territory while Japan’s Nikkei 225 index quoted lower.
The US markets ended lower on Friday.
Global oil benchmark Brent crude climbed 0.17 per cent to USD 70.48 a barrel.
On Friday, the Sensex tanked 689.81 points or 0.83 per cent to settle at 82,500.47. Similarly, the Nifty dropped 205.40 points or 0.81 per cent to 25,149.85.
Business
Sensex Falls 689 Points, Nifty Drops 205 Points As Global Tensions & Weak TCS Earnings Hit Markets

Key Highlights:
– Sensex falls 689.81 points and Nifty slips 205.4 points
– TCS reports weak Q1 FY25 earnings, dragging IT sector
– US-Canada tariff tensions dent global and domestic sentiment
Mumbai: On Friday, Indian stock markets closed in the red, pulled down by rising global trade tensions and a poor start to the earnings season. The Sensex fell by 689.81 points (0.83 percent) to finish at 82,500.47, while the Nifty dropped 205.4 points (0.81 percent) to end at 25,149.85.
TCS Results Shake Investor Confidence
The biggest trigger for the fall was Tata Consultancy Services (TCS) posting weaker-than-expected results for Q1 FY25. This caused a sharp selloff in IT stocks, with the Nifty IT index falling nearly 1.8 percent. Other IT firms like HCL Technologies also dropped.
Auto and Other Sectors Also Under Pressure
Auto stocks joined the decline, with the Nifty Auto index falling by nearly 1.8 percent too. Among the biggest losers on the Sensex were TCS, Mahindra & Mahindra, Tata Motors, Bharti Airtel, and Titan, losing up to 3.5 percent.
On the other hand, some stocks such as Hindustan Unilever, Axis Bank, Sun Pharma, and NTPC ended higher and provided limited support to the market.
Global Trade Issues Weigh Heavy
Investor mood worsened after US President Donald Trump imposed fresh 35 percent tariffs on Canadian imports, increasing concerns about global trade tensions. This added to already cautious market sentiment.
Mid and Small Caps Also Feel the Heat
The broader markets also saw declines. The Nifty MidCap index dropped 0.88 percent, and the Nifty SmallCap index slipped 1.02 percent, showing weakness across the board.
Some Sectors Show Strength
Despite overall weakness, FMCG and Pharma sectors managed small gains. The Nifty FMCG and Pharma indices ended in the green.
Volatility Increases Slightly
The India VIX, which measures market fear, rose 1.24 percent to close at 11.81, indicating slightly higher uncertainty among investors.
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