Share price of GAIL (India) Ltd. gained 0.89 per cent to Rs 180.5 at 11:42AM (IST) in Thursday’s trade. The stock hit a high of Rs 181.85 and low of Rs 177.95 so far during the session. The stock had closed at Rs 178.9 in the previous session. The counter had a total traded volume […]
Day: February 8, 2024
Power Grid Q3 Results: Net profit jumps 10% YoY to Rs 4,028 crore; dividend declared at Rs 4.5/share
Power Grid on Wednesday reported 10% growth in its consolidated net profit at Rs 4,028 crore in the third quarter, compared with Rs 3,645 crore posted in the corresponding quarter of the previous year. Revenue from operations increased by a marginal 2.5% year-on-year (YoY) in the reporting period to Rs 11,550 crore against Rs 11,262 […]
Power Grid shares jump 7%, break two-session losing streak. Here’s why
Shares of Power Grid Corporation jumped nearly 7% to the day’s high of Rs 286 on Thursday after the company reported growth in its December quarter profit and second interim dividend of Rs 4.50 per equity share. The stock is currently trading close to its 52-week high of Rs 289.40 which it hit on Monday. […]
Skye Air enters into partnership with SMILe to deliver shipments via drones
Logistics solution provider Skye Air on Wednesday said it has entered into a partnership with e-commerce enablement platform SMILe (Shree Maruti Integrated Logistics) for delivery of shipments via drones. The partnership is enable faster order fulfilment in urban areas with the help of Skye Air’s autonomous logistics solutions, the company said in a statement. The […]
82 Vande Bharat trains operational, work on to enhance speed to 160 kmph: Railway minister
New Delhi: The number of Vande Bharat trains has been increased to 82 and work is underway to increase the speed of these trains to 160 kilometres per hour on the New Delhi-Mumbai and New Delhi-Howrah routes, the government informed Parliament on Wednesday. In a written reply in the Lok Sabha to questions raised by […]
Rs 6.85 cr ‘irregular’ payment by Railways to foreign supplier: Parliament panel
The Banaras Locomotive Works (BLW) of Indian Railways purchased equipment from a foreign vendor worth Rs 6.85 crore in 2017 for diesel locomotives whose production was already stopped, according to a Public Accounts Committee (PAC) report. The committee, which tabled its report in Lok Sabha on Wednesday, expressed surprise that the vendor had delivered the […]
Most of the new cars to hit Indian roads next fiscal may be electric
A dozen out of 14 new car brands slated for launch in the next financial year will be electric as carmakers align themselves to the government’s aim of having a third of sales powered by battery electric vehicles (BEVs) by 2030. However, the new nameplates are unlikely to become a major driver in boosting overall […]
SJVN gets LoI for 200 MW solar project form Gujarat Urja Vias Nigam
State-owned SJVN Ltd on Wednesday said it has received a letter of intent from Gujarat Urja Vias Nigam Ltd to set up a 200 megawatt (MW) solar power project. The tentative cost of construction and development of this project is Rs 1,100 crore, SJVN CMD Geeta Kapur said in a company statement. “SJVN has received […]
NHAI arm lens on Paytm for FASTags
NEW DELHI: The Indian Highways Management Company Ltd (IHMCL) is scrutinising responses from Paytm Payments Bank to determine whether it followed customer verification norms when issuing FASTags and decide any potential action against it, people in know of the developments told ET. IHMCL, which operates under the National Highways Authority of India (NHAI), had in […]
India to be largest global oil demand growth driver through 2030 -IEA
India will overtake China as the biggest driver of global oil demand in 2027 as transportation and industry consumption in the world’s fastest-growing major economy will drive growth despite a big push for clean energy and electrification, the International Energy Agency said on Wednesday. The Paris-based agency in a special Indian Oil Market Outlook to […]
Saudi Aramco in investment discussions with Indian companies: Senior executive
State oil giant Saudi Aramco is in investment discussions with companies in India, a senior executive said on Wednesday. “Hopefully we will see some announcements soon on investment in Indian companies,” Faisal Faqeer, senior vice-president, liquids to chemicals development, downstream, at Saudi Aramco, told delegates at the India Energy Week in Goa, without specifying its […]
Seros Energy leads charge for sustainable CBM exploration in India
At the forefront of Coal-Bed Methane (CBM) exploration in India, Seros Energy made a notable appearance at the India Energy Week, highlighting its pioneering initiatives and advancements in the field of CBM. Seros Group, Essar’s business arm in shipping, oil field, and well services, is also the owner and operator of one of the largest […]