ADAG slots Rs 1,200 cr for wind power plants
'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.'
Its creator, Naveen Rabelli aims to complete the journey in 90 days
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.
The aim of a green building design is to minimise the demand of non-renewable sources and maximise its utilisation.
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.
Hydroelectricity accounts for 16 per cent of global electricity generation.
Prime Minister Narendra Modi on Thursday thanked Qatari Emir Sheikh Tamim bin Hamad Al-Thani for the release of eight Indian nationals, who were sentenced to death after being arrested in Doha in August 2022.
The 1MW solar power plant has been set up at an investment of Rs 10.3 crore (Rs 103 million) and was commissioned this month, the company said in statement.
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.
The agreement provides for extensive cooperation in the civil nuclear energy sector including in research and development for peaceful uses of nuclear energy, they said.
Middle East is undertaking some of the biggest planned cities in the world. While some of these developments are exotic, there are few that are setting example of how the future cities need to be.
A visiting trade delegation from Toronto, which met with local entrepreneurs and investors here on Tuesday, said it would focus on attracting investments into information and communication technology, life sciences and renewable energy sectors.
To boost the sagging sales of electric vehicles, the government on Wednesday approved the extension of the Ministry of New and Renewable Energy (MNRE)'s subsidy scheme to incentivise sales of electric cars and two-wheelers in the country.
Neyveli Lignite Corporation Ltd is planning to invest Rs 10,000-12,000 crore in setting up power projects. It is also planning to foray into renewable energy, by setting up wind energy farms and solar units.
On the telecom sector, he demanded auctioning of more spectrum.
The Union minister for New and Renewable Energy, Dr Farooq Abdullah on Monday favoured reopening of cinemas and liquor shops in Kashmir Valley for expanding recreational facilities for visiting tourists.
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Parikh.
Union Home Minister P Chidambaram has said that the government has offered to rebuild Dustgeer Sahib, the Sufi shrine that was destroyed in a massive fire this week. He was addressing the media at Shastri Bhavan in New Delhi in his monthly meeting.
The ruling National Conference President and Union Minister for New and Renewable Energy, Dr Farooq Abdullah on Thursday asked his party spokesman Dr Mustaffa Kamal "to exercise restraint and follow the party policy line on all issues, particularly those pertaining to the policies of the coalition government, relationship with the Congress party, Armed Forces Special Powers Act (AFSPA) and the role of the army".
Despite its aggressive renewable energy policies, Europe's economy is getting more not less dependent on oil. Cars are the reason.
Public sector blue chip firm National Aluminium Company, the largest manufacturer and exporter of aluminium in the country, proposes to make a foray into wind power generation.
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.
L&T surprised on the upside of consensus due to stronger-than-expected growth overseas. The Q1FY25 results were ahead of estimates on both revenue and net profit fronts. The company reported a 15 per cent year-on-year (Y-o-Y) growth in revenues along with 15 per cent Y-o-Y growth in operating profit and 12 per cent Y-o-Y growth in net profit on consolidated basis.
Annual event being organised by FICCI focuses on the investment potential offered by India's infrastructure sector.
In a bid to strengthen their bilateral economic ties, India and Indonesia plan to explore opportunities for co-operation in oil and gas, and railway sectors, among other areas.
America will have to shell out $4.4 trillion if it needs clean energy, according to a plan drawn by Google Inc that calls for a big push in wind, solar and geothermal power to replace fossil fuels.
'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'
Funded by the Ministry of Non-Conventional Energy Sources, the 100x2 KW power plant was jointly set up by the village councils of Chizami village and nearby Sumi village with technical assistance from Nagaland Renewable Energy Development Agency.
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.
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.
Sidhu had promised that he would quit politics if his party president lost from Amethi, where he was contesting against Bharatiya Janata Party's Smriti Irani.
Adani Group on Thursday said it has commissioned the country's largest 40 MW solar power project at Kutch district in Gujarat.
'There has definitely been a breakthrough in the nuclear logjam. It is good to see nuclear energy back on the rails,' says Dr Anil Kakodkar, former chairman, Atomic Energy Commission.
India ranks 130th out of 189 economies on the World Bank's Doing Business report.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
Chief Ministers of a number of states including those from Gujarat, Bihar, Tamil Nadu and West Bengal on Saturday skipped the meeting of the prime minister-led National Integration Council in New Delhi.
The EU's assistance comes as part of its 'strategic partnership' with India and will be made available by the European Investment Bank to ICICI Bank in the first-ever cooperation between the two financial institutions.
