'It is our duty to keep space sustainable and free of debris.'
Adani Green Energy Ltd, the renewable energy arm of billionaire Gautam Adani's conglomerate, on Thursday scrapped a Rs 600 million bond issue after its promoter was charged in an alleged bribery case in the US. Hours before the US prosecutors charged Gautam Adani and associates with participating in a scheme to pay over Rs 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, the firm sold a 20-year green bond in the US-investment-grade market.
Cheap equipment imports, especially from China, is a major reason for falling tariffs in solar tenders
'The size of the investments is important, but equally crucial is the number of jobs that these proposals create.'
With the US filing civil and criminal charges against billionaire Gautam Adani and seven others over a multi-million-dollar bribery scheme, a prominent attorney here has said that the case could escalate significantly, potentially leading to arrest warrants and even extradition attempts. Adani, India's second-richest man, and seven others, including his nephew Sagar Adani, have been charged by the US Department of Justice with paying bribes to unidentified officials of state governments in Andhra Pradesh and Odisha to buy expensive solar power, potentially earning more than $2 billion in profit over 20 years.
Delhi's crime rate against women stood at 144.4 in 2022 -- the highest among all states and Union Territories.
'If the criminal or civil charges are deemed unworthy or defective, Trump's new justice department and SEC can withdraw the criminal and civil cases.'
The three-month deadline for the finance ministry to take a decision on the recommendations of the commerce ministry has ended this week.
US prosecutors' case against Gautam Adani and others may stumble on the extraterritorial application of American law.
As the Union government explores ways to restrict import of laptops and other electronic devices starting with a 5 per cent reduction from the current level, it is working to ensure that there's no supply disruption in India even if an import cap is introduced, it is learnt. The caveat assumes significance in the context of the government's announcement of its plan in August 2023 to issue licences for import of select IT hardware products to reduce the country's dependence on China.
If a 15 seconds-long mic problem merits a case being registered, then the police risk an avalanche of complaints of similar and greater gravity, seeking their intervention, notes Shyam G Menon.
The WTO dispute panel had its last hearing in early May.
Hyundai Motor India Limited's (HMIL's) record Rs 27,870 crore initial public offering (IPO) may not have set the primary market alight with sky-high subscription levels, but it has spelled a windfall for the five investment banks steering the share sale. The Indian arm of the South Korean carmaker paid Rs 493 crore - 1.77 per cent of the issue size - in fees and commissions to the book running lead managers (BRLMs), marking the largest-ever payout for an IPO in the country.
The lowest bid earlier had come for Madhya Pradesh at Rs 5.05/unit.
The company has the largest car park in EVs in India, estimated to be around 170,000 units. As a pilot, it has already started work with used online car marketplace Spinny.
Adani group will invest more than $100 billion (around Rs 8,340 crore) in energy transition projects and manufacturing capability to produce every major component required for green energy generation, its chairman said on Wednesday. Besides building solar parks to produce electricity from sunlight and wind farms that do the same from wind, the conglomerate is building major facilities to manufacture electrolyzers for making green hydrogen, wind power turbines and solar panels.
We no longer have the ambition to rival China save through words. We are happy to be fighting ourselves and digging up disputes from centuries ago as a substitute for real development, argues Aakar Patel.
India said on Tuesday it was investigating US policies supporting solar panel makers, the latest move in an escalating row over renewable energy that has worsened already strained ties between the two countries.
Modi's Made in India dream takes a beating
The government's proposal to roll out a plan by the year-end to raise solar power generation capacity to 20,000 mega watts (MW) by 2020 is laudable but could be a case of vaulting ambition, and therefore not very realistic.
A billion dollars in renewable energy is huge.
In order to reduce government litigations, the Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council has fixed a monetary limit for filing appeals by the tax department before the various appellate authorities. It has recommended a monetary limit of Rs 20 lakh for GST Appellate Tribunal, Rs 1 crore for the High Court and Rs 2 crore for the Supreme Court for filing of appeals by the department before these legal forums, she said after the 53rd GST Council meeting held in New Delhi.
The CBI also submitted another referral report in the court exonerating Bharatiya Janata Party leader AP Abdullakutty in the sexual exploitation complaint by the woman.
The roof top installation by the Karnataka State Cricket Association is a novel initiative executed for the first time at any stadium in the country and, probably, also the first cricket stadium in the world to have such facility, the Karnataka State Cricket Association said.
Solar plane's journey gets stuck in red tape.
'India needs many more job creators, both in manufacturing and services, to make it big.' 'For that, the red carpet must be rolled out fully and for all investors without holding back,' suggests Nivedita Mookerji.
Over the past three years, the US has provided India every opportunity to remove restrictive and unfair marketplace requirements.
Kepler-90i -- a sizzling hot, rocky planet that orbits its star once every 14.4 days -- was found using machine learning from Google to scour data from NASA's planet-hunting Kepler Telescope.
India needs to fix policy paralysis in order to reach teh top slot in solar power.
Prime accused in the solar panel scam, Saritha S Nair, on Friday submitted before a commission what she claimed was more documentary proof, including her 'videos' with four powerful leaders, which also comprised two ministers.
Lieutenant Commanders Dilna K and Roopa A will remain at sea for 8 months. They will rely on wind power, do the repairs on the boat themselves and navigate some the world's most treacherous waters.
'I gave enough evidence and proof to punish corrupt officials.' 'But my own government has not filed any FIR against such officials.'
With the solar panel scam continuing to turn the heat on Kerala's Congress-led United Democratic Front government, telephone call details gathered by investigators showed that several ministers and political leaders had made calls to the prime accused in the case Saritha Nair, apart from getting frequent calls from her.
The Kerala Assembly on Thursday witnessed uproarious scenes over the solar scam with the Communist Party of India-Marxist-led Left Democratic Front opposition and ruling United Democratic Front headed by Congress coming face-to-face, leading to the adjournment of the House for the day.
Adding petrol and diesel to GST was a challenging task due to their significant role as revenue generators for both the central and state governments.
Young IIT engineers have come up with an affordable solution to the wastage of agricultural produce by developing a unique solar-powered cold storage system which works at almost zero running cost.
Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.
In a three-page complaint submitted to the Additional Chief Judicial Magistrate in Kochi, second accused Saritha Nair put the blame for the fraudulent dealings on the first accused Biju Radhakrishnan and actress Shalu Menon while stating that associating her name with politicians and ministers was incorrect.
India and the US have mutually resolved all six trade disputes pending at the World Trade Organisation (WTO), in line with the commitment made by the two countries during the US visit of Prime Minister Narendra Modi last month, an official said. The official said that both countries have informed the WTO's dispute settlement body (DSB) about the resolution of all the pending disputes. The WTO has already issued a communication with regard to one of the disputes related to the imposition of additional customs duties by India on 28 US products.
Television actress and danseuse Salu Menon was taken into custody on Friday in connection with the solar panel scam that has rocked Kerala and brought the office of Chief Minister Oomen Chandy under a cloud.
