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  1. Why India Is Covering Lakes With Solar Panels | Markets Today #273

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Why India Is Covering Lakes With Solar Panels | Markets Today #273

SUMMARY

In this episode of Markets Today, we decode why oil PSU losses were far lower than expected, how India's new ₹5,070 crore floating solar scheme could unlock massive renewable energy potential, and why Google and Meta are cutting IT outsourcing contracts, signalling AI's growing impact on India's technology services industry.

📌 In this episode of Markets Today — oil PSUs lost ₹18,149 crore when the government had projected ₹75,000 crore, India launches a ₹5,070 crore floating solar scheme, and Google cuts HCLTech's contract while Meta cuts Wipro's — AI is now directly reducing IT revenue.

#1 🛢️ Oil PSU Loss — Better Than Expected Combined loss: ₹18,149 crore vs ₹75,000 crore projection. Less than one-fourth of estimate. Fuel price hike and tax cuts cushioned the blow. Stock outlook and dividend confidence improve. But last year same quarter profit was ₹16,184 crore.

#2 ☀️ Floating Solar On Water ₹5,070 crore scheme. Target: 700 MW to 5,000 MW. Panels on reservoirs, dams, lakes. Mandatory 2-hour battery storage. India's floating solar potential: 102 GW. Installed now: only 0.7 GW.

#3 💻 AI Cuts IT Contracts Google cuts HCLTech's $200M project by $50M. 1,000 employees to redeploy. Meta cuts Wipro's outsourced work by 25%. Revenue drops from $100M to $75M. 200 Wipro employees benched. Pattern: tech giants automating repetitive outsourced work internally.

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