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This is yet another large energy deal for Warren Buffett in the western United States.
Modi is expected to travel to the US late September.
'China is somewhat disappointing in its recovery, and slow growth, and India is reporting strong growth numbers.'
Organisers claimed that nearly 15,000 people participated in the march in the city which is hosting the crucial UN Climate Change Summit.
Asia's biggest solar power plant having the capacity to generate 130 mw was already functioning in MP's Neemuch district
The Supreme Court order on what to do with the coal blocks allotted to power companies between 1993 and 2013, which it has already termed illegal, is likely on Tuesday.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
'With a solid investment programme and sustainable development strategy, India can exceed 7 per cent growth per year, or a doubling of high-quality national income within a decade.'
Under the scheme, the government will provide financial incentives for each electric vehicle sold in India during the remaining part of the 11th Plan.
The bill which passed on a bipartisan vote of 314 to 100, sets higher fuel economy standards for cars and light trucks for the first time in 22 years and requires the annual production of 36 billion gallons of renewable fuels by 2022.
Glass shortage in China and the rising prices of imported glass used in finished solar panels have already hit the cost of solar panel imports. The cost of solar modules imported by India have increased 22 per cent since June last year. India imports close to 90 per cent of its solar cells and modules, of which nearly 80 per cent is from China. Domestic solar equipment makers import glass panels and are the largest suppliers in China. The price of a solar module glass has increased 150 per cent in the past six months, revealed industry estimates.
The Centre has taken a major step towards increasing efficiency in decision-making by empowering joint secretaries to report to secretaries directly, officials said on Wednesday.
Abu Dhabi's International Holding Company, one of the first high-profile investors in billionaire Gautam Adani's conglomerate, has decided to sell its stake in two Adani companies. In a disclosure, IHC said it has "entered into a definitive agreement with a buyer to dispose of its FDI investment in Adani Green Energy Ltd and Adani Transmission Ltd". It, however, did not name the buyer.
'I don't think anyone can take a call on Mahendra Singh Dhoni, whether this is going to be his last year.'
William D Gallo, president and chief executive officer, tells Sanjay Jog they propose to make India a hub to source solar technology for their international operations.
The Solar Impulse 2, claimed to be the world's only solar-powered aircraft, took off from Oman on tuesday to head towards Ahmedabad.
Two weeks ahead of the annual meet on climate change, to be held in Cancun, Mexico, the UN climate chief observed that there is 'optimism for the planet' since countries are taking climate change seriously at home.
He said government's objective is to generate 20000 MW solar power by 2020.
The Indian economy is expected to return to the pre-crisis growth trajectory of about 9 per cent in a couple of years.
New investment projects announced in the manufacturing sector declined in the three months ended June 2023. The value of new projects was lower than in the March quarter, as well as the year-ago period, shows data from project tracker the Centre for Monitoring Indian Economy (CMIE). The new project announcements worth around Rs 85,000 crore in the manufacturing segment in June were a 48 per cent decline from the Rs 1.6 trillion in March and a 66 per cent decline from the Rs 2.5 trillion seen in June 2022.
India's minister of new and renewable energy, Farooq Abdullah unveiled the no pollution on the sidelines of the three-day world hydrogen technologies convention being held at India Habitat Centre in New Delhi on Wednesday.
IT major Wipro on Friday posted a 4.6 per cent year-on-year rise in its consolidated net profit for the June quarter at Rs 3,003.2 crore. The Q1 FY25 revenue of the Bengaluru-headquartered firm, however, fell 3.8 per cent to Rs 21,963.8 crore.
'I have made a new rule: When I'm having my morning tea, a guy keeps the harmonium on my bed.' 'So while I'm writing what my plan for the day is, that harmonium is in front of me and I do riyaz of 40-50 minutes.'
Amid reports of the ongoing coal shortage in the country, Finance Minister Nirmala Sitharaman stressed that there is no shortage and termed these as "absolutely baseless", saying India is a power surplus country. Sitharaman said that Power Minister R K Singh went on record just two days ago when he said absolutely baseless information is floating around that there is probably shortage of coal, shortage of other inventories which will lead to a sudden gap in the supply demand situation in the energy consumption. "Absolute baseless! There is no shortage of anything. In fact, if I recall the minister's statement, every power producing installation has the next four days' stock absolutely available within their own premises and the supply chain has not broken at all," Sitharaman said at Harvard Kennedy School on Tuesday.
Javadekar was addressing the 18th BASIC ministerial meeting on climate change here which is being attended by ministers of Brazil, China and South Africa.
The Adani group struck first coal from its Carmichael, Australia project on Thursday and will start shipping to its customers according to schedule. With this, the project will not only lift the economic prospects of the hitherto barren Australian outback, but also help Indian power plants to source cheap coal. The project had faced protests from a section of population with several banks even refusing to fund it. The group, however, went ahead with the project which included construction of a brand new railway line connecting an Australian port to the mine -- situated 300 kilometers away in Queensland.
Adani, Rajasthan govt will set up solar power project of 5000 MW on its own in the next five years.
PFC provides loan syndication, along with 18 other institutions, mostly banks and Life Insurance Corporation and Hudco, under the Power Lenders' Club.
Reliance's big-bang entry across the solar ecosystem will cut dependence on Chinese imports drastically. And Ambani's repeated emphasis that RIL's new energy foray will be 'a truly global business' points that his group is playing not just for a share of the Indian pie but to be the OEM in the larger 5,000 GW global market by 2030, points out Shailesh Dobhal.
China is the world's worst polluting nation with the highest overall annual emission of greenhouse gases.
More people will be literate, on the Internet, linked to the national identification scheme and likely to receive electricity, especially from alternative-energy sources.
UK's Cairn Energy Plc has offered to forego $500 million and invest that amount in any oil and gas or renewable energy project identified by the Indian government if New Delhi agrees to honour an international arbitration award and returns the value of loss it incurred because of being taxed retrospectively, sources said. The Scottish firm invested in the oil and gas sector in India in 1994 and a decade later it made a huge oil discovery in Rajasthan. In 2006-07, it listed its Indian assets on the BSE. Five years after that the government passed a retroactive tax law and billed Cairn Rs 10,247 crore plus interest and penalty for the reorganisation tied to the flotation.
Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.
Bindeshwar Pathak, founder of Sulabh International that runs public toilets in India, was honored by the Intergovernmental Renewable Energy Organization at the United Nations headquarters in New York on Thursday for developing low cost toilet technology to produce energy out of human excreta.
Singh is accompanied by External Affairs Minister Salman Khurshid, Renewable Energy Minister Farooq Abdullah, Human Resource Development Minister M M Pallam Raju and Science and Technology Minister S Jaipal Reddy.
US Trade Representative's office in early February asked India for WTO consultations on its national solar program, the Jawaharal Nehru National Solar Mission.
The share of foreign loans in total Adani group debt portfolio dropped to 61 per cent by September 2023 from 63 per cent as of March 2023, as the group repaid part of its foreign loans and refinanced part of older loans. The share of Indian lenders, on the other hand, rose to 39 per cent in the total debt pie in September 2023 from 37 per cent in March after a report by US-based short seller Hindenburg Research in January last year, which led to volatility in the share prices of group companies. The group's total debt remained static at Rs 2.26 trillion in the same period.
The mission stipulates the target under three phases for various solar application segments including Utility Grid Solar power.
