Reliance Power on Wednesday said its two subsidiaries have settled debt worth Rs 1,023 crore with Authum Investment’s arm Reliance Commercial Finance. Reliance Power Ltd’s two subsidiaries — Kalai Power Pvt Ltd and Reliance Cleangen Ltd, have signed a debt settlement and discharge agreement with Reliance Commercial Finance Ltd (RCFL), a wholly-owned subsidiary of Authum […]
Day: March 27, 2024
Nissan to test African demand for its e-Power hybrid vehicle
Japanese carmaker Nissan Motor plans to introduce its e-power hybrid technology car in Tunisia, its Africa head said on Tuesday, as part of plans to test demand in the African market for electric vehicles. Africa is the world’s last remaining automotive frontier due to the low level of vehicle ownership. According to Nissan, elsewhere in […]
Kenya Airways reports first operating profit in seven years
Kenya’s troubled flag carrier Kenya Airways said Tuesday it had recorded an operating profit in 2023, its first in seven years. The figure of 10.5 billion Kenyan shillings (about $80 million) for the year ended December 31 represents a sharp turnaround from an operating loss of 5.6 billion shillings in 2022, with chairman Michael Joseph […]
BRO connects strategic Nimmu-Padam-Darcha road in Ladakh
Border Roads Organisation (BRO) connected the strategic Nimmu-Padam-Darcha road in Ladakh on March 25. This 298-km road will connect Manali to Leh through Darcha and Nimmu on Kargil–Leh highway. The road is now the third axis apart from Manali-Leh and Srinagar-Leh which connects Ladakh to the hinterland, the Ministry of Defence said in a press […]
Adani Green Energy operationalizes 180 MW solar power plant in Rajasthan
Adani Green Energy Limited (AGEL) on Wednesday announced that it has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), it stated. The 180 MW solar plant, the company added, will produce approximately 540 million […]
To fire up PNG adoption, govt may hand out free connections
The petroleum and natural gas ministry is drawing up plans to offer free piped natural gas (PNG) connections and consumption subsidies to poor households to help its wider adoption on the lines of the Ujjwala scheme, which popularised liquefied petroleum gas (LPG) among the poor, said people familiar with the matter.
OPEC+ unlikely to change output policy before June meeting
OPEC+ is unlikely to make any oil output policy changes until a full ministerial gathering in June, three OPEC+ sources told Reuters ahead of next week’s gathering of ministers that is not expected to make any policy recommendations. The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, will hold […]
Oil steadies as markets weigh Russian supply woes
Oil prices were little changed on Tuesday as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks while a slightly weaker U.S. dollar offered some support. Front-month Brent crude futures due to expire on Thursday were 11 cents down at $86.64 a barrel by 1415 GMT while […]
Oil prices fall for a second day as US crude inventories increase
Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the U.S., the world’s biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week. Brent crude futures for May dropped 69 cents, or 0.8%, to $85.56 a […]
IRCTC shares up 0.8% as Sensex falls
Shares of Indian Railway Catering & Tourism Corporation Ltd. gained 0.8 per cent to Rs 935.7 in Tuesday’s session as of 12:22PM (IST) even as the equity benchmark Sensex traded 253.32 points lower at 72578.62. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high […]
Adani Power shares decline 1.12% as Sensex slides
Shares of the Adani Power Ltd. traded at Rs 525.0 on BSE at 01:23PM (IST) on Tuesday, down 1.12 per cent from previous close. The stock quoted a 52-week low price of Rs 166.25 and a high of Rs 589.3.
Adani Power shares rise 2.73% as Sensex climbs
Shares of the Adani Power Ltd. traded at Rs 536.2 on BSE at 10:10AM (IST) on Wednesday, up 2.73 per cent from previous close. The stock quoted a 52-week low price of Rs 166.25 and a high of Rs 589.3.