With the Russia-Ukraine war roiling financial markets globally, the government may defer the mega IPO of LIC and wait for an opportune time to get the maximum value of its holding in the state-owned insurance behemoth, sources said. "It's a full blown war now so we will have to assess the situation for going ahead with the LIC IPO," a government source said. Finance Minister Nirmala Sitharaman, too, had indicated review of the IPO in view of the evolving geopolitical situation.
Unveiling his infrastructure conglomerate's green vision, billionaire Gautam Adani on Tuesday said his group will invest $20 billion over the next 10 years in renewable energy generation and component manufacturing and will produce the world's cheapest green electron. The port-to-energy conglomerate plans to triple its renewable power generation capacity over the next four years, foray into green hydrogen production, power all data centres with renewable energy, turn its ports into net carbon zero by 2025, and plans to spend over 75 per cent of capital expenditure until 2025 in green technologies, he said. Speaking at JP Morgan India Investor Summit, Adani Group chairman said the USD 20 billion investment will be in renewable energy generation, component manufacturing, transmission and distribution.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The NDRF said the building was filled with hazardous carbon monoxide.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
IT and IT-enabled services will be allowed to operate with essential minimum staff only while the rest would work from home.
Unfazed by the stalemate over the Sadhvi Niranjan Jyoti issue, government has lined up a heavy legislative agenda in Parliament this week including a bill seeking to replace coal blocks allocation ordinance.
Pranav Adani has come a long way since 1999, when he first got actively involved with the Adani Group's businesses, run by his uncle, Gautam Adani.
Australia will join the United States in a diplomatic boycott of the Winter Olympic Games in Beijing, Prime Minister Scott Morrison said on Wednesday, as other allies weighed similar moves to protest China's human rights record.
BC Tripathi, who helms India's largest natural gas marketer and transporter -- GAIL, discusses last-mile connectivity to homes with Jyoti Mukul and Shine Jacob.
In the first two months of the current fiscal, Indian exports of finished steel reportedly grew by almost 76 per cent on a YoY basis and China alone accounted for close to 60 per cent of the increase.
A total of 11 international banks have publicly distanced themselves from the project.
At a time when millions of people are taking to the streets, joining the wave of global climate strikes and demonstrations spreading around the world, with generations demanding urgent action on the escalating ecological emergency from governments and institutions, the Chartered Institution of Water and Environmental Management (CIWEM) Environmental Photographer of the Year contest shows the devastating impact climate change has on humans and wildlife around the world. The Environmental Photographer of the Year award, which is supported by the UN Environment, Arup, and Olympus UK, "exists to inspire change from political leaders, decision makers, and the general public." Keep scrolling to see the powerful winning photos from this year's contest.
Load of particulates and nitrous oxides from cars reduced by about 40%.
The death toll from the second coal mine explosion in China in the last four days rose to 15, taking the toll in the twin accidents to 59.
Paytm will look to raise up to $1.5 billion as part of primary share sale, leading up to its initial public offering (IPO), which is planned for November, a person familiar with the developments said. The company is looking to file its draft red herring prospectus (DRHP) by July, according to sources. According to this person, though the details of the listing are being worked out, Paytm may take the qualified institutional buyer (QIB) route to list and issue fresh equity to raise funds.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Parts of north China will see the worst smog so far this year the National Meteorological Centre said on Saturday.
At a virtual press conference to launch the report, Inger Anderson, Executive Director, United Nations Environment Programme, said, "Climate change is here and now. No one is safe. Despite warnings from so many years, the world did not listen. We need to act now. Reducing greenhouse gas emissions will not only limit climate change but also reduce air pollution."
A gas explosion in a coalmine in China left 15 miners dead.
If international crude oil prices zoom past the current level of about $90 per barrel and move towards $100 and beyond, middle-class consumers are not going to keep quiet about their discomfort, points out Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
India's largest oil firm IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering to the growing demand for both oil and cleaner forms of energy. Indian Oil Corporation (IOC) has drawn a strategic growth path that aims to maintain focus on its core refining and fuel marketing businesses while making bigger inroads into petrochemicals, hydrogen and electric mobility over the next 10 years, its chairman Shrikant Madhav Vaidya said. The company will not set captive power plants at all its future refinery and petrochemical expansion projects and instead use the 250 MW of electricity it produces from renewable sources like solar power, he told PTI in an interview.
India's state-run NTPC is launching bids for clean technology for two coal-fired power plants near New Delhi, officials said, as criticism mounts over the country's failure to end a toxic smog which strikes the capital every winter.
In Budget 2015, the finance minister has opted to take the slow road and has doubled the cess on coal to "balance the need to tax pollution and the price of power" in his words.
The explosion at the home of a coal mine owner destroyed 26 homes in Fenyang, a city in Shanxi province.
Senior Bharatiya Janata Party leader Murli Manohar Joshi, shifted to Kanpur Lok Sabha seat from Varanasi to accommodate Narendra Modi, on Friday made a veiled attack on sitting Congress MP and Coal Minister Sriprakash Jaiswal, saying he never imagined that one day he would have to fight elections from "constituency of people whose names cropped up in coal gate scam."
With the skies over Delhi clouded with smog, many cast worried eyes on the fate of the first India-Bangladesh Twenty20 International scheduled at the Arun Jaitley stadium on Sunday.
The much-delayed insurance bill and the goods and services tax bill are among the 39 bills that are expected to come up during the month-long Winter Session of Parliament beginning next week.
The miners were working beneath the shaft of Tengda, a township-run coal mine, when the flooding occurred around 0530 IST and have remained out of contact ever since, they added.
Mahatransco (Maharashtra State Electricity Transmission Company Limited - MSETCL) Chairman and Managing Director Dinesh Waghmare said Tata Power's plants took time to start generating electricity following the grid collapse on Monday morning, resulting in the specially created 'islanding' system not working.
Harris slammed President Donald Trump and pledged to 'rejoin' the Paris agreement on Climate Change and 'strengthen and re-enter' the Iran nuclear deal. "Joe Biden and our administration is gonna have a massive job to repair the damage done by Donald Trump and his administration, and to restore our place in the world," she said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India's water future remains very bleak. The monsoon season, which once extended to 4 months, is now down to less than 30 days of heavy rain.
When Finance Minister Nirmala Sitharaman tables her Budget on February 1, the numbers could be something to cheer.
Rediff.com tries to give its readers an insight on the magnitude of the smog in the Chinese capital.
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
Thousands of farmers have reached the national capital on their tractor-trolleys and other vehicles, responding to the 'Delhi Chalo' call against the agri-marketing laws enacted at the Centre in September. On Saturday morning, it wasn't clear if they will agree to move to the Burari ground on the outskirts of the city, where police said they can continue with their protest. Many protesters were demanding a better venue in the centre of Delhi. Originally, the protest was meant to be on November 26 and 27.
'Sholay wallah kahani hai: 'Gabbar Singh aayega, Gabbar Singh aayega.' 'But what is inside Gabbar Singh nobody knows.'
Taking forward its probe in coal allocation scam, the Central Bureau of Investigation has booked two companies for alleged misrepresentation of facts while applying for captive blocks.
Govt keen to revive business sentiment in india.
