(Reuters) -Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet. […]
Day: June 14, 2021
Reliance Power to raise Rs 1,325 cr from RInfra via preferential allotment
Reliance Power Limited today announced that it will raise Rs 1,325 crore by issuing preferential shares and warrants to its parent, Reliance Infrastructure. Post conversion, combined stake of Reliance Infrastructure and other promoters will rise from the current nine per cent to around 38 per cent. Reliance Power will issue upto 59.5 crore equity shares […]
CG Power lines up Rs 135 cr capital expenditure in current financial year
CG Power and Industrial Solutions, acquired by the Tube Investments of India group company of Murugappa Group last year, has chalked out capital expenditure plans of Rs 135 crore during the current financial year, the company said. The capex plan would be utilised to improve production at its manufacturing facilities, CG Power and Industrial Solutions […]
NTPC invites EoI for Hydrogen Fuel Cell based pilot projects
State-run power major NTPC has floated a global Expression of Interest (EoI) to set up two pilot projects, standalone fuel-cell based backup power system and a standalone fuel-cell based microgrid system with hydrogen production using electrolyser at NTPC premises. Through the projects, NTPC is looking to further strengthen its footprint in green and clean fuel, […]
Discoms’ outstanding dues to gencos fall 11.2% to Rs 81,628 cr in April
Total outstanding dues owed by electricity distribution utilities or discoms to power producers fell 11.2 per cent to Rs 81,628 crore in April 2021 from a year ago. Distribution companies (discoms) owed a total Rs 91,915 crore to power generation firms in April 2020, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement […]
Govt invites tender for delivery of Covid jabs by drones to far flung areas
The government has invited bids for delivery of medical supplies and vaccines by drones to various parts of the country, in order to tackle supply hurdles hampering Covid vaccination programmes in far-flung areas of the country. However, the tender criteria demands that an entity must be eligible to conduct Beyond Visual Line of Sight (BVLOS) […]
Coal India hits 52-week high, regains Rs 1 trillion market capitalisation
Shares of Coal India hit a 52-week high of Rs 164.45 as they rallied 5 per cent on the BSE in intra-day trade on Friday amid expectations of improvement in earnings going forward. The stock of the state-owned company surpassed its previous high of Rs 162.95, touched on February 26, 2021. In the past two […]
Iraq oil minister Ihsan Abdul-Jabbar Ismail says gas sector a priority
Iraq’s oil sector is rebounding after a catastrophic year triggered by the coronavirus pandemic, with key investment projects on the horizon, Iraq’s oil minister said Friday. But he also warned that an enduring bureaucratic culture of fear threatens to stand in the way. Iraq is currently trading oil at $68 per barrel, close to the […]
Diesel at Rs 100 mark in Rajasthan; Karnataka sees Rs 100/ltr petrol
Diesel price on Saturday breached the Rs 100 per litre mark in Rajasthan after yet another increase in fuel rates, which also led to Karnataka becoming the 7th state to record Rs 100 a litre petrol. Petrol price was hiked by 27 paise per litre and diesel by 23 paise, according to a price notification […]
Double century in Sri Ganganagar: Petrol-diesel cross Rs 100/l mark
Sri Ganganagar, a small city in northernmost part of Rajasthan near the India-Pakistan border has become the first city in the country where retail prices of both auto fuels — petrol and diesel — have crossed the century mark. The city already had the distinction of having the highest pump price of petrol across the […]
India to require 400,000 charging stations for 2 mn EVs by 2026: Report
India needs about 400,000 charging stations to meet the requirement for two million Electric Vehicles (EV) that could potentially ply on its roads by 2026, said a report on Saturday. The Grant Thornton Bharat-Ficci report said for India to reach its vision of 100 per cent EVs by 2030, factors such as increasing government support, […]
China’s cryptocurrency-mining crackdown spreads to Yunnan in southwest
China’s crackdown on cryptocurrencies has spread to the country’s southwest with a campaign against misuse of electricity by bitcoin miners in Yunnan province, local media reported on Saturday. In addition to concerns about the huge amounts of energy needed for the computing power to create cryptocurrencies, the central government is also concerned about speculation after […]