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Shares of Suzlon Energy surged 5%, hitting an upper circuit at Rs 56.78 on the BSE on Thursday, reversing a five-day falling streak. The rally in the wind energy company's stock was attributed to market optimism surrounding the company’s ongoing efforts to strengthen its position in the renewable energy sector.Suzlon's positive momentum is driven by its recent bagging of a significant 1,166 MW wind energy order from NTPC Green Energy. This deal strengthens Suzlon's order book, which now stands at a record 5.1 GW, providing enhanced revenue visibility and stability. With a robust order pipeline, Suzlon seems well-positioned for sustained growth and predictable earnings in the long term.On Wednesday, Suzlon Energy closed 9% lower on the BSE due to market volatility and concerns over rising input costs and competition in the wind turbine manufacturing industry, coupled with the resignation of Ishwar Chand Mangal, Suzlon’s CEO of new business, effective November 8. Mangal, who had been with the company for nearly 28 years, stepped down to pursue new opportunities.However, Thursday's recovery suggests that investor sentiment remains largely positive, driven by the company’s strong order book and a growing shift toward renewable energy in India.Also read | Suzlon Energy Q2 results: Net profit jumps 96% YoY to Rs 201 crore, revenue up 48%Suzlon Energy reported a remarkable 95.72% year-on-year increase in its second-quarter net profit for FY25, reaching Rs 200.20 crore, compared to Rs 102.29 crore in the year-ago period.The company saw a 47.68% rise in revenue from operations, which stood at Rs 2,092.99 crore for Q2 FY25, up from Rs 1,417.21 crore in the previous year. Suzlon attributed the growth to consistent year-on-year improvement in EBITDA, which reached Rs 294 crore during the quarter.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Billionaire banker Uday Kotak, speaking at the CNBC TV18 Leadership Summit on November 14, dwelt upon the key factors India needs in order to get moving on the path towards a transformative change.The Founder & Director of Kotak Mahindra Bank pointed out three distinct domains where India needs to ramp up efforts -- military, finance and creativity. For a transformative change to happen, India would need to make itself more powerful, he said.The need for India now should be to take a cue from the three powers, he added.Referring to America's huge power, Kotak explained how its strength in the three areas mentioned above will enable Trump to impose his will on the world.First step for IndiaAs a first step, India will need to transform its spending on defence as a percentage of GDP, Kotak said. India's defence spending is not growing much, he pointed out, saying that even Israel is better than India on this front. To drive his point home, he cited the example of Europe, which he said is now worried because it has perennially underspent on defence."India needs to get disproportionately stronger in military power," Kotak noted. The first step to a really transformative change is that India must see itself counted among the most powerful countries, he said. "We have no choice but to get dramatically more powerful," Kotak observed.Kotak's money lesson for IndiaOn the financial front, Kotak noted that having a reserve currency status could be a great enabler for transformative change.India needs a very competitive trade account, he further said. At this point, there is a need to think about how to make more money than we spend, he added.According to Kotak, India should aspire to become self-sufficient on the current account, and then aspire for a reserve currency.A number of factors are already in India's favour, Kotak said, citing examples of the FIIs' continued confidence in India and the benign oil situation for the past several years.It is because of its strength in the three areas mentioned above that the US commands respect from one and all despite running a huge CAD, Kotak said. According to Kotak, the world is finally respecting power -- the kind of power that the US has.A different world under Trump?Speaking on cryptocurrencies, Kotak said he was not a big fan of crypto. With respect to crypto's sharp rise post Trump's election victory, Kotak said that something has to give at some point.Whether or not one agrees with Donald Trump, one has to admit that he has changed the rules of the game, Kotak said.He noted that the focus is now on how Trump is going to run the world. His policies would be inflationary, Kotak cautioned, adding that if US rates and bonds are high, it gives very little chance to other countries for a dramatically good performance.Kotak also sounded a warning note on protectionism, saying that one can't live off being protected forever.Creativity in India's caseSpeaking on the last of the three transformative factors, Kotak said India needs to up its game when it comes to creativity. Calling India a "deep service" country, he observed that it would need creativity to turn itself into a product powerhouse.Kotak also made mention of a significant upside for India in this regard: he said some of the value creation in India is real and sustainable, as seen in the success of things like quick commerce, which have failed in many other countries.The financial services veteran said that the success of quick commerce presents a challenge to local retailers. “Q-Com has a challenge to the local retailer and it is a challenge which will come to the political front,” said Kotak.Noting India's success with the quick service retail model, he said that it is unique globally, and that it is a positive sign of Indian innovation. He, however, added that India still needs to produce major consumer brands like those found in other developed nations.Kotak also expressed concerns about protecting domestic businesses, stating that it could harm long-term competitiveness. He said Indian businesses needed to thrive in a system of "free and fair trade."The market in general is expanding -- more demand, more supply -- that is the way to go if one wants transformational change, Kotak said, cautioning at the same time that there is also a need to be ready for a global shock.The ROTI India needsAt the end of his remarks, Kotak made use of a curious acronym -- something he said India needed most at this juncture.In order to transform, the thing India requires most is ROTI -- return on time invested, Kotak said. The country has to get serious about implementing projects on time; there is an urgent need to let go of the chalta hai way, he added.The Viksit Bharat targets are almost upon us, so India must take wholeheartedly to this ROTI, Kotak concluded.