NEW DELHI: India’s energy transition is increasingly becoming a household-budget story. For a middle-class family, energy expenses extend far beyond the monthly electricity bill. A two-wheeler owner may spend Rs 3,000-5,000 every month on petrol. A household using one LPG cylinder spends Rs 850-950. During summer, electricity bills often...
NEW DELHI: India is seeking to diversify its sourcing network for new-age manufacturing for which it has set ambitious targets. But China’s grip over India’s clean-energy and advanced manufacturing supply chain is only getting stronger. The northern neighbour controls more than 84% of India’s lithium-ion battery imports, 78% of...
NEW DELHI: India, along with more than 30 countries, is working to build an alternative supply chain for critical minerals used in electric vehicles, smartphones and defence equipment, as governments seek to reduce heavy dependence on China after Beijing tightened exports of key minerals, sources said. “India, along with...
NEW DELHI: Chief economists across the world expect the global economic growth to weaken over the next one year, but India stands out as a geography with the strongest growth expectations, a new WEF survey showed on Thursday. In its latest Chief Economists’ Outlook, the World Economic Forum (WEF)...
MUMBAI: The Reserve Bank of India (RBI) has revived the idea of printing polymer banknotes for circulation to meet the surge in demand for currency notes in the last few years. According to multiple sources aware of the development, the issue of introducing polymer or plastic notes was discussed in...
NEW DELHI: The Centre is expected to announce a slew of measures within a week to boost foreign capital inflows and stem outflows, in a move that will help support the rupee and make it easier to finance a widening current account deficit. While the exact details are still...
NEW DELHI: The Quadrilateral Security Dialogue (Quad) partners on Tuesday launched the Critical Minerals Initiative to mobilise up to $20 billion in government and private sector support to strengthen supply chains across mining, processing and recycling. The Quad foreign ministers voiced “grave concerns” over “economic coercion”, in a reference...
BHUBANESWAR: Odisha could attract investments worth Rs 25,000-30,000 crore in the power sector over the next six to 12 months after the state moved to align with the Centre’s policy on concessional power allocation from thermal plants, an industry body official said. The state government is set to mandate...
NEW DELHI: India should adopt a three-pronged strategy of tax moderation, tighter control on non-essential imports, and quicker enforcement of trade-remedy measures to shield the economy from disruptions arising out of the West Asia crisis, experts said at a roundtable organised by policy think tank Think Change Forum (TCF)...
NEW DELHI: India and Canada have reaffirmed their resolve to conclude negotiations of the Comprehensive Economic Partnership Agreement (CEPA), which Canadian Prime Minister Mark Carney termed as a game changer, by the end of this year. After his meeting with Commerce and Industry Minister Piyush Goyal in a post...
MUMBAI: The Securities and Exchange Board of India (Sebi) is exploring a pilot project to introduce the use of distributed ledger technology (DLT) for the tokenisation of corporate bonds, Chairperson Tuhin Kanta Pandey said on Tuesday. Speaking on the sidelines of the CareEdge Debt Market Summit, Pandey said, “Once...
NEW DELHI: The new Index of Industrial Production (IIP) series, which shifts the base year from 2011–12 to 2022–23 and is scheduled for release on June 1, will, for the first time, track rare earths and minor minerals, piped natural gas (PNG), and water supply, sewerage and waste management....
NEW DELHI: A series of hikes in petrol and diesel prices at the retail level has triggered concerns over rising inflation, with economists estimating an addition of around 30 basis points to the near-term outlook. However, they are yet to revise their inflation outlooks for the full financial year;...
NEW DELHI: India’s rapidly rising electricity demand and renewable energy expansion are expected to drive a ₹9-trillion transmission and grid infrastructure investment cycle over the next few years, with transformers, substations, switchgear and high-voltage direct current (HVDC) systems emerging as major beneficiaries. The transmission push comes as India’s peak...
MUMBAI: The Reserve Bank of India (RBI) has formed an eight-member panel to study issues related to quantum technology and recommend a roadmap and framework to quantum-secure the Indian financial system. Anil Prabhakar, professor, Department of Electrical Engineering, IIT Madras, will be the convenor of the panel and the...
NEW DELHI: Indian Railways Finance Corporation Ltd (IRFC) announced its highest-ever performance during FY26 after making a historic Rs 13,527 crore refinancing arrangement for the Hyderabad Metro Rail Project. IRFC termed the move towards greater diversification within its infrastructure financing business from the traditional railway industry. IRFC recorded its...
BENGALURU: The US government’s decision that foreign nationals seeking lawful permanent residence should generally apply from outside the country through consular processing rather than adjusting status within the country can add a fresh layer of uncertainty. This could come as a setback to thousands of Indian engineers who have...
NEW DELHI: India’s push to make coal-fired power plants operate flexibly to balance rising renewable energy generation is running into mounting cost, technical and operational hurdles, with senior government officials flagging retrofit expenditure, higher operating costs and tariff implications even as battery storage increasingly emerges as a stronger grid-balancing...