Latest news with #TAN
El Balad
01-07-2025
- Business
- El Balad
ترقية 7131 موظفا ومنح علاوة تشجيعية لـ 3072 آخرين بوزارة بالعدل
Shares of renewable energy companies are rising after a tax on solar and wind was removed from the Senate version of the One Big Beautiful Bill Act. The Senate narrowly passed the legislation Tuesday and will now be considered by the House of Representatives. The American Clean Power Association had warned that tax would up to $7 billion to the wind and solar industry's burden. Clean energy stocks rose on Tuesday after a tax on solar and wind projects was removed from the Senate version of the One Big Beautiful Bill Act. Shares of NextEra Energy, the largest renewables developer in the U.S., rose nearly 3% after the Senate narrowly passed President Donald Trump's bill on Tuesday. AES, a leading renewable provider, rose almost 2%. The megabill will now go to the House of Representatives, where lawmakers will consider the Senate's changes. The clean energy industry was surprised and outraged to find over the weekend that a tax on wind and solar projects had been inserted into a version of the Senate legislation. The tax applied to projects that use components from foreign entities of concern above a certain threshold. Foreign entities of concern is widely understood to basically refer to China. The American Clean Power Association and Solar Energy Industries Association told CNBC that the tax was struck from the Senate legislation. ACP had described the tax as punitive and warned that it would add up to $7 billion to the solar and wind industry's tax burden. The benchmark Invesco Solar ETF (TAN) was up about 4%, while the iShares Global Clean Energy ETF (ICLN) was trading more than 1% higher after the legislation passed. Shares of First Solar, the largest solar panel manufacturer in the U.S., slipped less than 1%. Sun tracker manufacturers Array Technologies and Nextracker jumped more than 11% and about 5%, respectively. Residential solar installer Sunrun rose 9% while inverter manufacturers SolarEdge and Enphase were up about 8% and 4%, respectively. But the Solar Energy Industries Association cautioned that the improvements in the Senate bill are "limited" and the legislation overall is still harmful to renewable energy. "This legislation undermines the very foundation of America's manufacturing comeback and global energy leadership," CEO Abigail Ross Hopper said in a statement. "If this bill becomes law, families will face higher electric bills, factories will shut down, Americans will lose their jobs, and our electric grid will grow weaker."
Hans India
26-06-2025
- Business
- Hans India
How Digital Platforms Are Transforming Company Registration for Indian Startups?
For decades, registering a company in India was synonymous with paperwork, bureaucratic delays, and multiple visits to government offices. This daunting process often discouraged many aspiring entrepreneurs from formalizing their ventures. Today, however, a digital revolution is reshaping the landscape. Digital company registration platforms are making it easier than ever for startups to incorporate, helping fuel India's vibrant entrepreneurial ecosystem. The Traditional Registration Process: Pain Points Historically, company registration involved navigating a maze of forms, physical document submissions, and in-person verifications. Founders faced challenges such as: Lengthy timelines (often several weeks) Risk of errors leading to rejections or delays Unclear compliance requirements The need to engage multiple intermediaries These hurdles not only slowed down business launches but also increased costs and uncertainty for new entrepreneurs. The Rise of Digital Platforms The emergence of digital company registration platforms has been a game-changer. These platforms leverage technology to automate and simplify each step of the incorporation process. Key features include: Step-by-step digital guidance: Clear instructions for every stage, from Digital Signature Certificate (DSC) acquisition to filing incorporation documents. Document uploads and e-signatures: No need for physical paperwork or courier services. Real-time status tracking: Founders can monitor their application progress online. Bundled services: Many platforms offer PAN, TAN, GST registration, and even business bank account opening as part of a single workflow. This digital-first approach not only saves time but also reduces the risk of errors and ensures compliance with the latest regulations. Comparing Company Registration Solutions Several digital and professional services have become favorites among Indian startups. Commonly mentioned solutions include: Razorpay Rize: Rize offers a seamless company registration experience covering Private Limited, LLP, and OPC entities. Rize also offers an intuitive, founder-friendly dashboard, guided process, and ongoing support. Local CAs (Chartered Accountants): Often preferred for their personalized service and local familiarity, CAs offer end-to-end assistance tailored to individual needs. While each option has its unique strengths, all share a commitment to making company registration more accessible and reliable. The shift to digital company registration in India has given rise to platforms that simplify compliance while addressing founders' broader needs. Among these, Razorpay Rize has gained traction for its holistic approach, combining streamlined incorporations such as company registration, LLP registration, private limited company registration, etc., with resources tailored for early-stage startups. What truly sets digital platforms like Rize apart is their ability to align with the evolving needs of founders. Rather than treating registration as a standalone event, these platforms embed it into a larger journey, helping entrepreneurs go from idea to execution faster and with greater confidence. Founder Experiences and Community Insights Across India's startup communities, founders are sharing how digital platforms have simplified their registration journeys. Many recount how online forums and peer groups provided valuable recommendations and troubleshooting tips. 'The digitalization of company registration has been a game-changer for the startup ecosystem. It's not just about speed, but about empowering founders to focus on building their business rather than getting bogged down in paperwork,' says a Bengaluru-based startup mentor. User-generated stories highlight the benefits of clear checklists, responsive support teams, and the ability to complete the entire process remotely-often in less than two weeks. The Impact on India's Startup Ecosystem The numbers tell a compelling story: Over 185,000 new companies were registered in India in 2024 alone, with a significant share using digital platforms. According to the Ministry of Corporate Affairs, private limited companies now account for more than 96% of all registered companies in the country. This ease of registration is enabling more entrepreneurs to formalize their businesses, access funding, and contribute to India's growing innovation economy. The Road Ahead: What's Next for Digital Incorporation Looking forward, digital platforms are expected to integrate even more advanced technologies. AI-driven document verification, automated compliance alerts, and seamless integration with government databases are on the horizon. Government initiatives supporting digital transformation will likely further streamline the process, making it even more founder-friendly. Conclusion Digital platforms have transformed company registration from a bureaucratic hurdle into a streamlined, accessible process for Indian startups. By leveraging these solutions and tapping into community knowledge, founders can launch their ventures faster and with greater confidence. As technology continues to evolve, the future of company registration in India looks brighter than ever.
Yahoo
18-06-2025
- Business
- Yahoo
Alternative Energy ETFs Tumble With Tax Credits in Jeopardy
Alternative energy ETFs plunged on Tuesday after the Senate released a draft of its version of the so-called 'Big, Beautiful Bill,' a sweeping legislative package that, like the House version passed last month, proposes deep cuts to renewable energy subsidies. The iShares Global Clean Energy ETF (ICLN) and the Invesco Solar ETF (TAN) were down 4.5% and 9.5%, respectively, midday. The selloff was driven by language in the bill that accelerates the phaseout of clean energy tax credits originally established under the Inflation Reduction Act. Under President Joe Biden's original law, tax credits for solar and wind projects were set to gradually phase out starting in 2032. But the Senate bill would begin scaling them back much earlier. According to the bill's summary, 'For investments in wind or solar technology, the provision begins phasing out in calendar year 2026, with credit values for such investments the construction of which begins in 2026 receiving only 60 percent of the value of the credit. In 2027, these investments receive only 20 percent of the credit, and by 2028, there is no longer an investment tax credit for these technologies.' However, not all clean energy sectors were hit equally by the Senate draft. It was more generous toward other technologies like nuclear, hydropower and geothermal, extending the availability of tax credits into the next decade. 'For all other qualified facilities, such as hydropower, nuclear and geothermal, the provision phases out as if the 'later of' rule did not apply, with these facilities receiving 100 percent of the credit for qualified facilities the construction of which begins in 2033, 75 percent in 2034, 50 percent in 2035 and 0 percent in 2036,' the bill summary reads. That's a notable improvement from the House version, which required nuclear projects to begin construction by 2028 to qualify. The Range Nuclear Renaissance ETF (NUKZ), which has surged in 2025 amid renewed interest in nuclear power, traded down less than 1% on the day, far outperforming its solar and wind | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
06-06-2025
- Business
- Mint
Stocks to trade today: Trade Brains Portal recommends two stocks for 6 June
Stock market today: Ahead of the 6 June 6 RBI MPC meeting, the broad indices began the day higher as the market expects a further 25 basis point rate drop. Over the course of the day, the Nifty 50 gained 130.7 points, or 0.53%, opening above the 20-day EMA at 24,691.20, peaking at 24,899.85, and ending at 24,750.90. The confidence was also reflected in the BSE Sensex, which opened at 81,196, surged to 81,911, and closed at 81,442.04, up 443.79 points, or 0.55%. Against this backdrop, Trade Brains Portal has recommended two stocks for 6 June—both from the fertilizer and agrochemical sector. Stocks to trade today, recommended by Trade Brains Portal for 6 June: Chambal Fertilisers & Chemicals Ltd Current price: ₹552 Target price: ₹ 680 in 12 Months Stop loss: ₹ 488 Why it's recommended: Established in 1985, Chambal Fertilizers and Chemicals Ltd accounts for around 15% of India's total urea production. As the primary fertilizer supplier in Rajasthan, Madhya Pradesh, Punjab, and Haryana, the corporation serves farmers in eleven states in the northern, eastern, central, and western parts of India. With 22,000 village-level outlets, 2,200 dealers, and 15 regional offices, it has a vast marketing network. Among Indian urea producers in the private sector, the business continues to hold the largest market share. The company currently runs three state-of-the-art urea (nitrogenous fertilizer) factories in Gadepan. In FY25, the company reported revenue at ₹16,646 crore, and PAT was ₹1,649 crore. The company achieved urea production of 3.46 million metric tonnes compared to 3.38 million metric tonnes last year, and urea sales amounted to 3.47 million metric tonnes against 3.26 million metric tonnes in the previous year. The company is concentrating on increasing its capacity for phosphoric acid from 500,000 metric tonnes to 700,000 metric tonnes by 2027. In FY26, the nitrogen, phosphorus, and potassium (NPK) portfolio is anticipated to expand 2.5 times. The joint venture (IMACID—Morocco) produced 525,000 metric tonnes and sold 435,000 metric tonnes in FY25. For the Technical Ammonium Nitrate (TAN) project, the business spent ₹300 crore in FY25 and anticipates spending ₹1,200 crore in FY26. The capacity of the TAN project is 240,000 metric tonnes, and of the ₹900 crore total expenditure for the project, ₹650 crore has already been spent in FY25, with the remaining ₹250 crore to be spent in FY26. Additionally, the business anticipates revenue in Q3/Q4 of FY26 and commercialization in January 2026. For the TAN project, the company ramps up and intends to reach 80–90% utilization. The company anticipates importing 130,000 metric tonnes of di-ammonium phosphate (DAP) and TSP during the forthcoming Kharif season. The TAN will be in line with the margins. Alliances, new product launches, and volume growth are what sustainably drive CPC-SN margins. Early stocking and competitive prices give the company confidence in Kharif. Risk Factor: The company operates under a highly regulated environment. The government is reducing subsidies without increasing prices and also tightened energy consumption norms under the new urea policy, 2015, and further expected stricter norms by the end of fiscal 2025. This is likely to impact Chambal's operations and profitability. Also Read: Can this microfinance lender lead the industry's turnaround in FY26? Gujarat State Fertilizers & Chemicals Ltd Current price: ₹212 Target price: ₹265 in 12 months Stop loss: ₹185 Why it's recommended: Incorporated in 1962 as India's first joint sector industrial complex, Gujarat State Fertilizers & Chemicals Ltd (GSFC) has developed into a major integrated producer of industrial chemicals and fertilizers, supported by a variety of product lines, robust internal research and development, and internationally recognized quality credentials under the Responsible Care and ISO frameworks. Fertilizer and industrial products are the company's two main business segments. While the industrial products category includes things like caprolactam, nylon-6, melamine, methanol, and more, the fertilizer products segment includes things like urea, ammonium sulfate, and diammonium phosphate. The company reported a revenue of ₹9,533.9 crores, growth of 4.14% in FY25 from ₹9,154.6 crores in FY24, largely driven by the fertilizer segment, reflecting improved operating efficiency and better cost absorption. With a 15.3% growth in gross sales volume, the fertilizer segment had a 7.3% year-on-year gain in sales income, from ₹6,834.62 crore in FY24 to ₹7,331.8 crore in FY25. For the fertilizer segment, the management expects an Ebitda of ₹3,000 per metric tonne in FY26. PBT increased by 7% on-year to ₹756 crore, while PAT improved by 5% on-year to ₹591 crore. Its Urea-II renovation project is already running at full capacity, and it recently commissioned a 15MW solar power facility at Charanka Patan. The Phosphoric Acid (PA) and Sulfuric Acid (SA) Project at Sikka is still on track, with SA V's commissioning expected to be finished in the first half of FY26. Regarding CAPEX, the business plans to spend approximately ₹600 crore on urea, ₹453 crore, and ₹300 crore on SA V over the course of the next six months. With the help of a positive monsoon forecast and prompt policy actions by the Department of Fertilizers, the firm is still hopeful about Q1FY26 for its fertilizer segment. The government's determination to ensure sufficient supply and stable prices prior to the Kharif season is reflected by the early announcement of updated Nutrient-Based Subsidy (NBS) rates, which include a roughly 25% increase in support for DAP (diammonium phosphate) and NPK (nitrogen, phosphorus, and potassium) fertilizers. Risk factor: In order to maintain profitability, the company must deal with regulatory obstacles and rely on government subsidies. Regulations governing fertilizers, wherein the government sets fertilizer prices and provides subsidies, have an impact on the profitability of fertilizer makers. The amount of subsidies receivable and the delays in receiving them naturally affect the fertilizer industry's liquidity. The government is cutting subsidies as raw material costs have stabilized, which causes businesses to take out more short-term loans. Also read: Russia-Ukraine war escalation: Impact on the Indian stock market Market recap for 5 June On 5 June, the Nifty 50 gained 130.7 points, or 0.53%, opening above the 20-day EMA at 24,691.20, peaking at 24,899.85, and ending at 24,750.90. The BSE Sensex, which opened at 81,196, surged to 81,911, and closed at 81,442.04, up 443.79 points, or 0.55%. With the Nifty 50 RSI at 55.14 and the BSE Sensex RSI at 54.84 (far below the overbought zone of 70), both indices moved above all four 20/50/100/200 EMAs. The Nifty Realty Index was the biggest gainer on the sectoral front, closing at 993.1, up 17.1 points, or 1.75%. The biggest winners, rising up to 6%, were real estate stocks, such as Sobha Ltd, Brigade Enterprises, Prestige Estates, DLF Ltd, and Godrej Properties Ltd. The Nifty PSU Bank Index fell the most, closing at 7,059.65 after dropping 41.2 points, or 0.58%. The index was dragged down with Bank of Baroda, Indian Overseas Bank, Bank of Maharashtra, Punjab & Sind Bank, and Canara Bank losing up to 2%. The Nifty Private Bank Index closed at 27,342.40, down 26.55 points, or 0.10%, and also closed in the red. On the global front, the Asian markets inched upward, with most of the exchanges closing on a positive note. The Kospi index rose by 1.49%, or 41.21 points, and closed at 2,812.05. This comes after its newly elected president was sworn in on Wednesday and promised to revive the country's struggling economy by lifting domestic demand. Also Read: Analysts and investors have soured on Asian Paints. Can it prove them wrong? Additionally, other Asian markets, such as the Shanghai Stock Exchange, were up by 0.23%; the Hang Seng Index rose by 1.07%, and the Shenzhen Index increased by 0.58%, whereas the Nikkei 225 Index declined by -0.51% or -192.96 points and closed at 37,554.49. On the US markets, the Dow Jones Futures gained 0.2%, or 80 points, as the major companies in the US are on the line to report quarterly earnings and the major trade deals between the US and Germany and the US and China are expected to be held this week. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
22-05-2025
- Business
- Business Standard
Deepak Fertilisers Q4 results: PAT jumps 20.7% to ₹277 cr on higher income
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Thursday posted a 20.74 per cent rise in consolidated net profit to Rs 277.66 crore for the fourth quarter of the 2024-25 fiscal on higher income. The company reported a net profit of Rs 229.96 crore a year ago, according to a regulatory filing. Its total income rose 26 per cent to Rs 2,716.99 crore during the January-March quarter of 2024-25, from Rs 2,158.56 crore in the year-ago period. The company's expenses remained higher at Rs 2,396.99 crore against Rs 1,862.20 crore. For the full 2024-25 fiscal, the company posted a two-fold jump in consolidated net profit to Rs 944.67 crore from Rs 467.56 crore in the previous year. The company said its strategic investments are on track. The overall progress in the TAN project in Gopalpur is at 75 per cent, and the same for the Nitric Acid project in Dahej is at 48 per cent. Bulk fertiliser manufactured sales volume in Q4 surged 68 per cent, driven by increased adoption of the innovative crop focus nutrient solution, it added. Despite a capex of Rs 655 crore in FY25, the company's net debt reduced to Rs 3,305 crore from Rs 3,426 crore on healthy cash generation. DFPCL Chairman and Managing Director SC Mehta said, "With an above-average monsoon forecast, we expect robust Kharif season demand for crop-specific solutions". Mining chemicals growth from FY25 is likely to continue into FY26, driven by increasing power demand and infrastructure investments. The health sector is projected to expand, supported by government and private initiatives, boosting our pharma/speciality chemicals portfolio, he added.
