NEW DELHI: Adani Group promoter Gautam Adani is no longer Asia’s second richest billionaire. The business tycoon has lost over $12 billion in just four days after his group company stocks ended in the red for the fourth straight day on Thursday. Adani’s net worth (notional) has come down to $62.7 billion from $74.9 billion […]
Day: June 18, 2021
Coal India to start producing CBM from Jharkhand block
Coal India (CIL) will start producing coal bed methane (CBM) from its lease hold area under Bharat Coking Coal ( BCCL) in Jharkhand. This is the first time the coal miner is producing gas from coal seams, as part of its diversification plans to produce clean energy from coal. CBM extraction will prevent releasing gas […]
Andhra Pradesh’s solar plans hit as HC cancels 6,400 MW auctions
The Andhra Pradesh High Court has cancelled the auctions held by the state government in February for creation of 6,400 mega-watt (MW) solar power capacity, denting the coastal state’s ambition to reduce power tariffs by building low-cost renewable energy units. Ruling on a petition filed by Tata Power Renewable Energy, the court stated the whole […]
Global funds invest in Acme Solar’s 250 MW project in Rajasthan
Acme Solar on Thursday said it has signed an agreement with Danish investment firm IFU and United Nations’ operational arm UNOPS S3i for developing 250 megawatt (MW) solar power generation assets in Rajasthan. Though the financial details of the deal were not disclosed, Acme Solar said in a statement “the total value of the project […]
Lufthansa to allow check-in with digital vaccine pass
Lufthansa will allow passengers to use new digital COVID-19 vaccination certificates at check-in for their flights, the German airline said on Thursday. Lufthansa said passengers would be able to show the digital proof of vaccination either on their phones or on a printout when checking in at the airport, and the boarding pass would then […]
Creditors can’t sue AirAsia X for another 9 months, says Malaysia court
The Malaysian high court has granted AirAsia X Bhd a nine-month extension on a restraining order which prevents creditors from filing any legal proceedings against it, the airline said in a stock exchange filing. The filing on Thursday said the extension runs nine months from the day of the announcement. The court had granted a […]
Crude oil prices steady near multi-year highs
LONDON: Crude oil prices hovered near multi-year highs on Thursday, buoyed by falling US crude inventories which limited the impact of a stronger US dollar. Brent crude oil futures dropped 12 cents, or 0.1%, to $74.27 a barrel by 1332 GMT. They hit their highest since April 2019 in the previous session. US crude oil […]
Crude oil futures move higher as participants raise bets
NEW DELHI: Crude oil prices rose Rs 23 to Rs 5,300 per barrel on Thursday, as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the June delivery traded higher by Rs 23, or 0.44 per cent, at Rs 5,300 per barrel in 5,183 lots. Analysts said […]
Oil slips again on surging US dollar, but holds above $70
MELBOURNE: Oil prices fell for a second consecutive day on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but were nevertheless on track to finish the week flat – only slightly off multi-year highs. Brent crude futures were down 52 cents, or 0.7%, at $72.56 a […]
Petronet LNG shares drop 0.48% as Sensex falls
Shares of the Petronet LNG NSE -0.53 % Ltd. traded at Rs 229.35 on BSE at 12:04PM (IST) on Thursday, down 0.48 per cent. The stock quoted a 52-week low price of Rs 207.4 and a high of Rs 280.0. Earlier in the day, the stock saw a gap down opening. At the prevailing price, […]
Share price of REC falls as Nifty weakens
Shares of REC NSE -2.63 % Ltd. slipped 2.15 per cent to Rs 152.55 in Thursday’s trade as of 01:43PM (IST). The stock hit a high price of Rs 155.35 and low of Rs 152.25 during the session. The return on equity (ROE) for the stock stood at 14.04 per cent. Traded volume on the […]
Share price of Power Finance Corp. falls as Nifty weakens
Shares of Power Finance Corporation Ltd. slipped 1.62 per cent to Rs 127.15 in Thursday’s trade as of 01:58PM (IST). The stock hit a high price of Rs 129.0 and low of Rs 126.45 during the session. The return on equity (ROE) for the stock stood at 14.41 per cent. Traded volume on the counter […]