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NEW DELHI: As many as 184 thermal power plants with a total generation capacity of 211 GW have 68 per cent of normative coal stock levels amid rising electricity demand due to soaring temperatures in the country. According to the Central Electricity Authority’s (CEA) May 3 daily report, 184...
NEW DELHI: States should support the decarbonisation of aluminium industries by waiving or reducing open access charges for renewable power, a study has said. Open access charges are levied by power distribution companies (discoms) on those consumers which buy electricity from any other source. State governments should also prioritise...
WASHINGTON: Billionaire investor Warren Buffett said that the Indian market has “unexplored” opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore “in the future”. Buffett’s remarks came at Berkshire’s annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in...
NEW DELHI: Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI’s data on ‘Sectoral Deployment of Bank Credit’. Experts from banking and real estate sectors...
TBILISI (GEORGIA): India on Sunday urged the Asian Development Bank (ADB) not to overlook its focus on reduction of remaining poverty while promoting sustainable growth for the member nations in the Asia Pacific region. Making intervention at the Board of Governors Business Session at the 57th Annual Meeting of...
MUMBAI: After recording double-digit growth for two consecutive years, India’s services exports decelerated in FY24 to a three-year low, with a modest increase of 4.9 per cent to $341.1 billion, data released by the Reserve Bank of India showed. However, net services exports grew at a robust pace of...
MUMBAI: Cash-strapped Vodafone Idea’s subscriber losses slowed to a six-month low in March, while market leader Reliance Jio continued to add the most number of users, outpacing nearest rival Bharti Airtel, telecom regulator data showed Friday. Jio added 2.14 million users, followed by Airtel, which added 1.75 million users,...
MUMBAI: The Reserve Bank of India Friday said the Centre plans to buy back Rs.40,000 crore worth of government securities on May 9, a move that is expected to ease the tight liquidity conditions in the banking system. This will be the first such repurchase since 2018. The unexpected...
MUMBAI: The Reserve Bank of India (RBI) on Friday said lenders should maintain a provision of 5% for loans extended to under-construction projects, according to draft guidelines posted on the central bank’s website. The provisions can be made gradually in phases till FY27. Once the project enters the operational...
NEW DELHI: Apple CEO Tim Cook on Friday said the company grew strong double-digit in India, clinching a new March quarter revenue record amid an “incredibly exciting market”. Describing India market as a “major focus”, Cook said Apple is working on the entire ecosystem from developer to the market...