Bitcoin jumped above $39,000 after Elon Musk said Tesla Inc. would resume transactions with the cryptocurrency when mining is done with more clean energy. The electric-car maker will allow Bitcoin transactions again “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend,” Musk, Tesla’s chief executive officer, said in a […]
Day: June 14, 2021
Discoms’ outstanding dues to gencos fall 11.2% to ₹81,628 cr in April
New Delhi, Jun 13 (PTI) Total outstanding dues owed by electricity distribution utilities or discoms to power producers fell 11.2 per cent to ₹81,628 crore in April 2021 from a year ago. Distribution companies (discoms) owed a total ₹91,915 crore to power generation firms in April 2020, according to portal PRAAPTI (Payment Ratification And Analysis […]
9GW green contracts to be auctioned
In one of the largest tranches of Indian clean energy contracts on offer, developers are eyeing projects of at least 9 gigawatts (GW) that will be bid out over the next three weeks, said two people aware of the development. These contracts that require an investment of over $4 billion are being offered after a […]
NTPC invites EoIs for hydrogen pilots
In a push for India’s green hydrogen efforts, state-run NTPC Ltd has floated a global expression of interest (EOI) for setting up two pilot projects; standalone fuel-cell based backup power system and a microgrid system, with hydrogen production using electrolyser. These projects will be set up at NTPC’s premises. Mint earlier reported about the state-run […]
GoAir to complete inoculating covid-19 first dose to employees by June-end
NEW DELHI : GoAir, recently rebranded as Go First, will complete inoculating the first dose of covid-19 vaccine to its workforce by June-end, the Wadia Group-controlled carrier said in a statement. The airline, which rolled out its vaccination program in May, have completed the first covid-19 jabs for 2,506 employees. 33 of the airline’s employees […]
Airline industry sees long-term rebound for sector
After flying into the financial turbulence of the Covid pandemic, the airline sector expects passenger traffic to take off despite concerns about the industry’s impact on climate change. In its latest look at trends for the sector, the International Air Transport Association (IATA) said it doesn’t expect world air traffic to resume to its pre-pandemic […]
India says it will study Biden’s infrastructure plan that rivals China’s BRI
New Delhi: India has said that it will study the US President Joe Biden’s ‘Build Back Better’ global infrastructure initiative proposal announced at the G7 summit as an alternative to China’s Belt and Road (BRI). This plan, which is proposed to be led by major democracies, will provide financial and technological help to narrow the […]
Coal India may announce 20-25% additional dividend on June 14: Report
World’s largest miner Coal India Ltd is expected to reward its shareholders with an additional final dividend of 20-25 per cent in its board meeting on June 14 that will declare fourth-quarter financial results, sources said. The miner though failed to achieve targeted production and offtake targets for FY21 but it has surpassed the revised […]
Coal India’s 114 mining projects under different stages of implementation
State-owned CIL’s 114 ongoing coal projects, costing Rs 20 crore and above, are under different stages of implementation, according to a report. Implementation and completion of these projects depend upon critical extraneous factors such as possession of land, green clearances and evacuation infrastructure, the Coal Ministry said in its annual report 2020-21. In 2020, total […]
Oil holds near multi-year highs amid demand recovery ahead of Fed meeting
TOKYO (Reuters) – Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs. Brent crude was up 14 cents, or 0.2%, at $72.83 by 0123 GMT. It rose 1.1% last week and hit the highest since May 2019 of $73.09 on Friday. […]
Higher-fuel prices: Oil Minister says Congress-ruled states must cut taxes
With petrol and diesel prices climbing to record high, Oil Minister Dharmendra Pradhan on Sunday asked Congress governments in Rajasthan and Maharashtra to cut sales tax if the party was concerned about fuel price burden on common man, but did not say if BJP-ruled states like Madhya Pradesh and Karnataka, where petrol has crossed Rs […]
Cancel bid for hydrocarbon exploration in TN; CM Stalin tells PM Modi
Chief Minister M K Stalin on Sunday urged Prime Minister Narendra Modi to cancel the Centre’s invitation for bid to extract hydrocarbon in Tamil Nadu’s Cauvery basin and strongly opposed such initiatives in the state. The Union Ministry of Petroleum and Natural Gas has invited bids for development of oil and gas fields at Vadatheru […]