GST rules need tenants to pay 18% tax on leased commercial properties

ACME Solar Signs BESS Agreements with NHPC for 275 MW / 550 MWh Projects

ACME Solar Holdings, through its wholly owned subsidiaries, secured the projects via an e-reverse auction conducted on 24 June 2025. The contracts include 50 MW / 100 MWh at a tariff of Rs 2,10,000 per MW per month, and 225 MW / 450 MWh at Rs 2,22,000 per MW per month.The Letter of Award (LoA) was issued on 8 July 2025. The quick transition from LoA to signing was facilitated by the prior identification of the customer—Andhra Pradesh. The battery installations will be set up at the customer's site, with land and evacuation infrastructure provided by them, which is expected to accelerate exec..

Tata Power Renewable Wins 120 MWh BESS Project from NHPC

Tata Power Renewable Energy, a subsidiary of The Tata Power Company, has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC for a standalone battery energy storage system (BESS) in Kerala.The 30 MW / 120 MWh project, secured under NHPC’s BESS Tranche-I tender through competitive bidding, will be developed at the 220 kV substation in Kerala. Kerala State Electricity Board (KSEB) will be the end user of the storage asset.The project aims to address peak power demand, improve grid flexibility, and facilitate the integration of renewable energy into Kerala’s power mix..

Firstsource to Acquire UK-Based Pastdue Credit Solutions

Firstsource Solutions, a global provider of domain-led Business Process Services and part of the RP-Sanjiv Goenka Group, has announced the signing of an agreement to acquire Pastdue Credit Solutions, a leading UK-based debt collection agency. The acquisition is subject to approval by the UK’s Financial Conduct Authority (FCA).Pastdue Credit Solutions serves a wide range of clients across the UK, including banks, utility providers, telecom companies, and government bodies. The deal enhances Firstsource’s capabilities in first- and third-party collections, particularly within the utilities, ..