BUSINESS
As India awaits policy, these companies already have their green hydrogen plans in place
As global-warming concerns mount and countries commit to reducing emissions, green hydrogen is drawing a lot of interest for its ability to generate large-scale energy with low carbon footprint
BUSINESS
Union Minister Hardeep Singh Puri says eyes on crude oil prices, domestic consumption not impacted
Crude oil prices have been volatile this week amidst reports of heightened tension over a likely Russian invasion of Ukraine.
BUSINESS
BPCL divestment will be successful like Air India privatisation: Minister Hardeep Singh Puri
The expression of interest coming now or later is not the issue, the minister said while adding that like Air India, BPCL will be hailed as a very good segment of the government's privatization program.
BUSINESS
Vedanta ties up with Foxconn to manufacture semiconductors in India
Vedanta will hold the majority stake while Foxconn will be the minority shareholder. Vedanta’s Chairman Anil Agarwal will head the joint venture.
BUSINESS
ONGC aims to arrest decline in production, scale up output to 63.11 MMTOE by FY25
ONGC said that it will continue to invest around Rs 30,000 crore per year on capital expenditure aimed at arresting the decline in output and subsequently increasing it.
BUSINESS
Coal India says to up supply to non-power sectors driven by buffer stock
Coal India has over 37 million ton of coal at its pitheads and therefore, it is considering increasing supply to consumers other than power companies.
BUSINESS
Energy transition, ESG to be in focus in Chandrasekaran’s second term as Tata Sons chairman
Global investors focusing on environmental, social and governance (ESG) performance of companies coupled with the Indian government's push on renewable energy and cutting emissions will make it imperative for Tata Sons to align its plans and move swiftly.
BUSINESS
RIL ups stake in Sterling and Wilson Renewable Energy via off-market share purchase
The acquisition of the stake is in line with RIL's announcement in October 2021 to acquire a 40% stake in the leading solar engineering, procurement and construction solutions provider
BUSINESS
RIL invests Rs 50.16 crore in Bengaluru-based EV tech company Altigreen
RNEL will buy compulsorily convertible preference shares of the Bengaluru-based company, which Altigreen is an electric vehicle technology and solutions company for commercial last mile transportation through 2-,3-, 4-wheeled vehicles.
BUSINESS
Vedanta says BPCL buyout to be through fund set up with strategic investor
The company has arrived at the conclusion that its current structure is optimal and is commensurate with the present scale and its diversified lines of business.
BUSINESS
ReNew Power sees pickup in C&I orders driven by ESG, government push, low cost
ReNew aims to develop around 250 megawatts (MW) of wind-solar hybrid projects in Gujarat for the C&I consumers, just as it has done at Vilayat in Bharuch.
BUSINESS
L&T teams up with Microsoft for cloud computing, infra services for regulated sector
The two companies will set up a joint governance group to define future platform designs, investments, and commercial and business models to service the technology requirements of regulated sectors
BUSINESS
Adani Green arms raises Rs 612.30 crore via NCD to refinance debt
The NCDs have an average coupon rate of 7.83% per annum, which is significantly lower than existing debt.
BUSINESS
Budget 2022 | FM says petrol, diesel price in the hands of OMCs
Oil marketing companies have left price of petrol and diesel unchanged for the 89th day on February 2, despite rise in crude oil prices.
BUSINESS
FM Sitharaman says multiplier effect of capex push is 2.95 for every rupee spent
In an exclusive interview with Network18, the finance minister has said a growth rate of over 8 percent going ahead is achievable if the recovery shown in some sectors continue and the laggards catch up.
BUSINESS
Interview | Budget plan implementation, faster dispute mechanism key to infrastructure growth: L&T CFO
Larsen & Toubro’s Shankar Raman says dispute resolution will be a factor in the infrastructure sector’s progress
BUSINESS
Budget 2022 | No word on electricity to be brought under GST disappoints sector players
The final decision on GST is taken by the Council, which is a joint forum of the Centre and the states. But power sector players had hoped for a recommendation in the Budget from the finance minister, who also heads the council.
BUSINESS
Budget 2022: FM Nirmala Sitharaman leaves cess on crude oil unchanged despite industry plea
The industry’s had been requesting for a cut, if not a complete waiver, from the cess. They had argued that this could encourage domestic producers to shore up production, step up exploration and protect margins.
BUSINESS
Budget 2022| Petrol may cost more as additional duty of Rs 2/litre to be imposed on unblended fuel from Oct 1
Budget 2022: State-run oil marketing companies, which account for 90% of the fuel retail market, blend fuel with varying degrees of ethanol.
BUSINESS
Budget 2022 | Renewable energy sector upbeat on PLI fund upgrade, green bonds
Budget 2022 | Green bonds and more funds for solar equipment will help meet India’s climate as well as renewable energy goals, say experts
BUSINESS
Economic Survey 2022: India needs to invest $1.4 trillion by 2024-25 on infrastructure to achieve $5 trillion GDP
The Economic Survey said that the higher capital expenditure with a focus on infrastructure spending in 2021-22 budget estimate will have a multiplier effect on the ongoing economic recovery.
BUSINESS
Adani Total Gas to invest Rs 20,000 crore in CGD sector in next eight years
The company said it had an existing commitment to invest Rs 8,000 crore, to which another Rs 12,000 crore would be added to develop the 14 new geographical areas (GAs) it bagged recently in the 11th round of bidding by the Petroleum and Natural Gas Regulatory Board (PNGRB).
BUSINESS
Economic Survey 2022 | Climate finance remains key to the success of climate action
The Economic Survey documents included an entire chapter on ‘Sustainable Development and Climate Change’, indicating how the government is prioritising the agenda.
BUSINESS
Economic Survey 2022| Crude oil pegged at $70-$75 a barrel, caution over inflation due to energy imports
In April-December 2021, inflation in ‘fuel and light’ and ‘transport and communication’ was mostly driven by high international crude oil, petroleum product prices, and higher taxes.
