Recently, the updated all-electric Dacia Spring broke covers in Europe. While it may not be too relevant for the Indian market, the fact that it could be rebranded as the Renault Kwid EV in other international markets, makes it a very interesting proposition for India. In fact, the Renault Kwid on sale in India is […]
Day: February 28, 2024
Power supply saw deficit of 1.4% in April-Jan
The country’s power supply ran into a deficit of 1.4% in the April to January period with the power companies being able to meet only 239.93 GW of the total power demand of 243.27 GW, data from the Central Electricity Authority showed. This deficit stood at 4% in 2022-23 when the peak demand for power […]
GE T&D India Ltd secures orders worth Rs 370 crore from Power Grid Corporation of India for grid modernization projects
GE T&D India Ltd, a part of GE Vernova’s Grid Solutions business, on Tuesday announced that it has secured orders worth approximately Rs 370 crore from Power Grid Corporation of India (PGCIL) for the supply of 765 kV Shunt Reactors for PGCIL’s various transmission system projects in India. These projects, it said, aim to facilitate […]
Boeing steps up make-in-India push as sourcing soars to $1.25 bn a year
Aerospace major Boeing has enhanced its India-based sourcing of components and services to $1.25 billion per year, as part of its commitment to ‘Make in India’. “Despite currency depreciation, our annual sourcing from India has risen from $250 million to $1.25 billion over nearly a decade, with our supplier network expanding by 1.5X,” said Salil […]
Tripura CM Saha flags off Ayodhya-bound Aastha special train from Agartala
Tripura CM Manik Saha on Tuesday flagged off 00727- Astha Special train for Ayodhya from Agartala Railway Station. The train will run from Agartala Railway Station to Ayodhya Railway Station. While speaking to the media, Tripura CM Manik Saha said people are very happy that they are getting the opportunity to have the darshan of […]
Land for job case: CBI gets 2 weeks’ time to file conclusive charge sheet
The Central Bureau of Investigation (CBI) informed Delhi’s Rouse Avenue court on Tuesday that it will file a concluding charge sheet in the land-for-jobs case within two weeks. The investigation agency submitted before the court that its investigation is nearing conclusion and it will file a concluding charge sheet. The Rouse Avenue Court on Tuesday […]
Rail shares in focus after PM flags-off Rs 41K cr projects; RailTel up 16%
Shares of railway-related companies were in limelight in intra-day deals on Tuesday a day after Prime Minister Narendra Modi flagged-off and laid the foundation stone for 2,000 rail projects worth Rs 41,000 crore. As part the ongoing modernisation drive, PM Modi said Indian Railways will be the source of massive investment in the next five […]
Hind Rectifiers freezes at 10% upper circuit on order win from Indian Rlys
Shares of Hind Rectifiers were locked at the 10-per cent upper circuit on the BSE on Tuesday after the company bagged order from Indian Railways. At 10:45 AM, the shares were quoting at Rs 617.45 per share as against a 0.1 per cent gain in the BSE Sensex index. According to the company’s exchange filing, […]
India’s thermal coal imports fall for first time since Covid-19 pandemic
India’s thermal coal imports are expected to fall for the first time this year since the Covid-19 pandemic due to increasing domestic output and record high inventories, industry officials said on Tuesday. Out of eleven coal traders Reuters spoke with at the Coaltrans India conference in the western state of Goa, eight expected shipments of […]
Ministry of coal encouraging extensive diversification within CPSEs
The Coal Ministry on Tuesday said it is actively encouraging extensive diversification within central public sector units, including Coal India, in line with the country’s commitment to varied energy mix. The ministry has two large Central Public Sector Enterprises (CPSUs), Coal India Ltd (CIL) and NLC India Ltd (NLCIL), under its administrative control. “In line […]
‘Thermal coal imports falling first time since pandemic on domestic output’
India’s thermal coal imports are expected to fall for the first time this year since the COVID-19 pandemic due to increasing domestic output and record high inventories, industry officials said on Tuesday. Out of eleven coal traders Reuters spoke with at the Coaltrans India conference in the western state of Goa, eight expected shipments of […]
Russia puts six months ban exports of gasoline with effect from March 1
Russia on Tuesday ordered a six-month ban on gasoline exports from March 1 to keep prices stable amid rising demand from consumers and farmers and to allow for maintenance of refineries in the world’s second largest oil exporter. The ban, first reported by Russia’s RBC, was confirmed by a spokeswoman for Deputy Prime Minister Alexander […]