The Ikea Foundation and The Rockefeller Foundation on Monday said they will join forces to set up a USD 1 billion global platform to fight climate change and energy poverty. New Delhi : The Ikea Foundation and The Rockefeller Foundation on Monday said they will join forces to set up a USD 1 billion global […]
Tycoon Gautam Adani Loses Over $13 Billion in Worst Wealth Rout
Billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raising questions about some offshore investors triggered a rout in his conglomerate’s six listed stocks. NEW DELHI: Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raising questions about some offshore […]
Power Consumption Grows 9.3 Pc in First Half of June
According to experts, the recovery in power consumption and demand was slow in the first half of June despite the low base of last year, which indicates a slow recovery in commercial and industrial demand. New Delhi: Power consumption in the country grew by 9.3 per cent in the first half of June to 55.86 […]
PLI Scheme to Help Reduce Cost of Electric Vehicles in Long Term
Analysts said this scheme would drive a substantial reduction in the cost of batteries, which would prove critical in driving electrification. PLI incentive coupled with expected decline in lithium prices, would lower the cost of lithium cells to below USD70/Kwh within the next 4–5 years New Delhi: The production linked incentive (PLI) scheme, announced by […]
Goldi Solar Mulls Manufacturing Capacity Expansion to 2.5 GW
New Delhi : Solar panel maker Goldi Solar on Monday announced plans to expand its manufacturing capacity to 2.5 GW from existing 500MW with a new facility on the outskirts of Surat in Gujarat. The existing facility has a capacity of 500 MW and the expansion of 2 GW has been planned in two stages, […]
CG Power Lines Up Rs 135 Crore Capital Expenditure in Current Financial Year
The capex plan would be utilised to improve production at its manufacturing facilities, CG Power and Industrial Solutions said in a statement. New Delhi: CG Power and Industrial Solutions, acquired by the Tube Investments of India group company of Murugappa Group last year, has chalked out capital expenditure plans of Rs 135 crore during the […]
Reliance Power Board Approves Preferential Issue of Shares, Warrants to Reliance Infra
This will reduce Reliance Power standalone debt by Rs 1 ,325 crore and along with planned debt reduction in subsidiaries, Reliance Power consolidated debt will reduce by Rs 3,200 crore in FY22.z New Delhi : The Board of Directors of Reliance Power Limited has approved preferential issue of up to 59.5 crore equity shares and […]
Tata Motors Incorporates Wholly-Owned Subsidiary
New Delhi : Tata Motors on Tuesday said it has incorporated a new subsidiary to provide end-to-end services of operating, repair, annual maintenance contracts (AMC) and fleet management services (FMS) for its product range, including electric vehicles. The new wholly-owned subsidiary has been christened as “TML CV Mobility Solutions Ltd,” Tata Motors said in a […]
NITI Aayog Releases Annual Plan For Gradual Rollout of E20 Ethanol
The NITI Aayog today released the annual plan for the gradual rollout of E20 ethanol in the country which will result into saving 30,000 crore of foreign exchange per year among other benefits. PM Modi on Saturday had said ethanol has become one of the major priorities of 21st century India and the country has […]
India’s Capacity For Renewable Energy Increased By Over 250 pc in 6-7 Years, Says PM Modi
New Delhi: Prime Minister Narendra Modi on Saturday said that India has set an example in the world when it comes to protecting the environment, adding that the country’s capacity for renewable energy has increased by more than 250 percent in 6-7 years. Addressing a virtual meeting on Word Environment Day, Prime Minister Narendra Modi […]
