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The Rashtriya Ispat Nigam Ltd, known as Vizag steel plant, has forged a deal with Jindal Steel and Power Ltd to get an infusion of working capital up to Rs 900 crore in a bid to propel sales revenue, monthly turnover and slash losses. The timely deal enables the...
Energy storage is becoming the next disruptor in the renewable energy sector and the ESS (energy storage system) market will attract the highest investment among emerging sectors, according to a joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. ESS, which...
Reiterating India’s stand on the global climate stage for ‘common but differentiated responsibilities and respective capabilities’ (CBDR-RC), the office of the chief economic advisor batted to put an onus on the developed world for climate finance and emission reduction. “Developing countries are expected to immediately and completely shift/transition away...
The Ministry of Power has brought in amendments to the carbon credits trading scheme (CCTS) which paves the way for India to have its own standards for carbon trading and also allows non-obligated entities to generate carbon credits. The amendment notification dated December 19 asks the carbon credits administrator,...
NEW DELHI: India’s crude oil suppliers such as the Abu Dhabi National Oil Company (ADNOC) have expressed concern over repatriation of funds in preferred currency and the high transaction costs on conversion of funds along with exchange fluctuation risks. India’s crude oil import bill, which accounts for 25 per...
Chandigarh: Haryana Chief Secretary, Sanjeev Kaushal said that the state government is on the verge of introducing a comprehensive City Gas Distribution Policy. This strategic move aims to expedite the approval process for the installation of Gas (CNG/PNG) Pipelines within a specified timeframe. The policy is a proactive step...
New Delhi: Retail inflation for farm workers rose to 7.37 per cent and that for rural labourers climbed to 7.13 per cent in November, mainly due to higher prices of certain food items. Retail inflation in October was 7.08 per cent and 6.92 per cent for farm workers and...
NEW DELHI: In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country’s resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue...
NEW DELHI: Ambuja Cements Ltd, owned by Adani Group, on Monday said it will invest Rs 6,000 crore in 1,000 MW renewable power projects by FY26. The transformative investment, funded through Internal accruals, encompasses a diverse portfolio of solar and wind power projects strategically positioned across Gujarat and Rajasthan,...
NEW DELHI: Reliance Industries Ltd was the biggest wealth creator during the five-year period from 2018 to 2023 while Adani Enterprises Ltd was the top all-round wealth creator, according to a study by Motilal Oswal Financial Services. The study, based on stock market performance of companies, said for the...
MUMBAI: A large number of employees believe that short nap breaks during office hours help battle fatigue and also increase efficiency and well-being of workers, according to a survey. The practice of ‘inemuri’, which involves taking short nap breaks during office hours while remaining present in the workplace, has...
NEW DELHI: Realty firm Emaar India will invest Rs 900 crore over the next four years to develop a luxury housing projects in Gurugram as part of its expansion plan, a top company official said. The company, which is part of Dubai-based Emaar Properties, has launched and already sold...
NEW DELHI: In what may come in as a big relief for space telecommunications service providers such as Elon Musk’s Starlink, Bharti’s OneWeb, Amazon’s Project Kuiper, and British Inmarsat, the telecom bill is likely to recommend administrative allocation of spectrum for them. However, Reliance Jio has been demanding the...
NEW DELHI: India’s merchandise exports in 2023 would not buck the larger global trends and are set to contract 5.3%, according to an analysis by trade policy think tank. But the performance of electronics segment stands out, giving indications that support measures might work for other priority sectors too....
MUMBAI: After every blow up in the financial markets, credit rating agencies (CRAs), often the whipping boys in a fiasco, complain how they have been kept in the dark by lenders and financial institutions holding back sensitive facts. Will this ever change? Hints are that it finally may. For...
MUMBAI: A month after the Reserve Bank of India announced tighter regulations for credit to non-banking financial companies, cost of borrowing for these players has jumped sharply. Banks too are paying more for funds amid tight liquidity conditions in the banking system. Cost of borrowing for companies, banks and...
MUMBAI: The microfinance industry has put disruptions relating to Covid-19 and demonetisation behind it. But the segment is still grappling with challenges due to high attrition rate and steep interest rates, say experts. In its Inclusive Finance India Report 2023, ACCESS Development Services pegs the microfinance industry’s attrition at...
Adani group has acquired a 50.5 per cent stake in newswire services provider IANS India Pvt Ltd for ₹5.1 lakh, further consolidating its presence in the media sector. The acquisition was done through Adani Enterprises’ subsidiary AMG Media Networks, which signed an agreement with IANS and its shareholder Sandeep...