Tata Power Solar on Wednesday said it has doubled its solar cell and module manufacturing capacity to 1100 MW. “Tata Power Solar Systems Ltd… announced a significant expansion of its state-of-the-art manufacturing facility in Bengaluru, taking the total production capacity of cells and modules to 1100 MW,” a company statement said. The expansion is based […]
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Cabinet clears PLI schemes for white goods, solar modules
The Cabinet chaired by prime minister Narendra Modi on Wednesday approved two production linked incentive (PLI) schemes for air conditioners, LED lights and solar modules worth ₹10,738 crore. PLI schemes, originally announced last year, seek to create global manufacturing champions in India by removing sectoral disabilities and creating economies of scale to develop complete component […]
Boeing expects demand for 2,200 new jets in India over next 20 years
Despite the short-term challenges posed by the covid-19 pandemic, aerospace firm Boeing Co expects demand for more than 2,200 new jet planes valued at nearly $320 billion over the next 20 years in India. The demand will be driven by strong aviation growth, fuelled by the expanding middle class, the US-based company said on Wednesday. […]
Ras Al Khaimah Investment Authority, Ankur Bhatia not involved in Air India bid
Ras Al Khaimah Investment Authority and Bird Group promoter Ankur Bhatia are not involved in the bidding process for the national carrier Air India Limited along with SpiceJet chairman Ajay Singh, spokespersons for Ras Al Khaimah government and Bird Group told Mint on Wednesday. “The Ras Al Khaimah government is aware of a story circulating […]
Shell to make first profit from oil output since pandemic
Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic. Shell’s upstream unit, which largely handles the exploration and production of crude, was able to capture “the upside from the current commodity price environment” in the first quarter, according to a statement Wednesday. While […]
Refund passengers who cancelled flights in lockdown last year: Govt to airlines
The ministry of civil aviation (MoCA) on Wednesday expressed dissatisfaction over airline companies defaulting on refunds to passengers over flight tickets that were booked for travel during the lockdown last year but got cancelled. MoCA Secretary on Wednesday chaired a meeting with representatives of airlines in connection with refund of credit shells of passengers. A […]
ED to court: Mining accused paid Abhishek’s wife, sister-in-law ‘substantial amount’
THE ENFORCEMENT Directorate (ED) on Wednesday told a special court that TMC MP Abhishek Banerjee’s wife Rujuira and her sister were paid “substantial amount” in London and Thailand by the key accused in the West Bengal illegal coal mining case. Abhishek is the nephew of Chief Minister Mamata Banerjee. The agency made the claim while […]
Petrol and diesel prices in your city today, check here
Petrol and diesel price today: Petrol and diesel prices remained steady across the country for the ninth consecutive day on Thursday, April 8, 2021. The auto fuel prices were last changed on March 30, when petrol fell by 22 paise per litre and diesel slipped by 23 paise in the national capital. Petrol price in […]
Punjab: AAP criticises Capt govt over fuel price hike
The Aam Aadmi Party (AAP) has strongly condemned the hike in petrol and diesel prices by Punjab’s Amarinder Singh government. In a statement issued from the party headquarters here Wednesday, senior leader of the party and Leader of Opposition (LoP) in the Punjab Assembly, Harpal Singh Cheema said that the Captain government had proved that […]
Sebi slaps Rs 25 crore fine on Ambanis in 2000 case over alleged violation of the takeover code regulations
After twenty years, the Securities and Exchange Board of India (SEBI) on Wednesday imposed a penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, Nita Ambani, Tina Ambani and firms linked to the Ambanis for alleged violation of the takeover code regulations in 2000. The case pertains to an increase in the promoter stake […]
PLI schemes for white goods, solar modules get Cabinet clearance
The Cabinet on Wednesday approved production-linked incentive (PLI) schemes for white goods and solar modules, which would together cost the government Rs 10,738 crore over five years. Under the scheme for white goods, eligible investors in air-conditioners, LED lights and such components will be granted a total incentive of Rs 6,238 crore. The scheme for […]
Vedanta’s sweetened open offer gets 58% of investor bids
Anil Agarwal is inching closer to taking his Indian unit private as a sweetened offer to buy back 17.5% of the shares in Vedanta Ltd. drew in bids from more than half the holders. Minority investors offered about 58% of the 651 million shares Vedanta Resources Ltd. is seeking to buy back, exchange data showed […]