By Palak Shah for Business Standard The Supreme Court (SC) of India’s recent decision to allow and uphold the prayers of a ‘Curative Petition’ in an ‘Arbitration Award’ will go down in the annals of legal history globally, since it concerns the country’s image as a business hub where commercial arbitrations play a vital role. […]
Day: April 18, 2024
MG Motor, Epsilon tie up for EV charging solutions, battery recycling
MG Motor India on Thursday said it has partnered with the Epsilon Group for EV charging solutions and battery recycling. As part of the collaboration, the automaker has signed an MoU with two Epsilon Group subsidiaries – Power EV, for charging solutions and LICO, for battery recycling and second-life expertise. As per the agreement, Power […]
ISA joins hands with Bhutan to spur growth of solar energy in the Himalayan kingdom
International Solar Alliance (ISA) has signed a country partnership agreement (CPA) with the Bhutan government to implement multiple programmes/projects in the country to enhance its energy access and ensure energy security through solar energy interventions and diversification of energy portfolio. ISA – headquartered in India – is also working with Bhutan on developing a national […]
IREDA opens new office in GIFT City to offer foreign currency loans for green projects
Indian Renewable Energy Development Agency Ltd. (IREDA) has inaugurated its new office in GIFT City, Gandhinagar, specializing in the provision of foreign currency-denominated debt options. Announced by Pradip Kumar Das, Chairman & Managing Director of IREDA, during the “Future Growth Opportunities for Long Duration Energy Storage” panel at the World Future Energy Summit 2024 in […]
India’s wind energy capacity to hit 122 GW by 2032 amid policy boosts
According to the Global Wind Energy Council (GWEC) Global Wind Report 2024, India currently ranks fourth globally in total wind installations with 45 GW of installed onshore wind capacity as of January 2024. This positions it as the second-largest wind market in the Asia-Pacific region, following China. GWEC anticipates continued growth in the sector, projecting […]
India’s oil import bill hits $10.7 billion in March, up from $9.8 billion last year
India’s indigenous crude oil and condensate production in March 2024 reached 2.5 million metric tons (MMT), marking a 2.02% increase from March 2023, according to data from the Petroleum Planning and Analysis Cell (PPAC). Oil India Limited (OIL) reported production of 0.3 MMT, Oil and Natural Gas Corporation (ONGC) produced 1.6 MMT, and production under […]
GAIL to commission its first green hydrogen project in April
State-run natural gas company GAIL (India) Ltd plans to commission its first green hydrogen project in central India in April, three company sources said. The 10-megawatt proton exchange membrane electrolyser for the green-hydrogen producing unit at the Vijaipur complex in Madhya Pradesh state has been imported from Canada, they added. “Once the initial hiccups are […]
IndiGo cancels flights to and from Dubai until 12 pm today; adverse weather continues to hit flight operations
Indigo has cancelled flights to and from Dubai until 12 pm today, Thursday, April 18. Due to inclement weather and heavy flooding in the emirate’s airport, fights from India to Dubai have been significantly disrupted. Dubai is one of the world’s busiest airports.
World’s Best Airports: Singapore’s Changi airport loses the crown to a new king; just 4 Indian airports in top 100 airports list
World’s Best Airports: 13 turned out to be unlucky for Singapore’s Changi airport, which with its Jewel’s Canopy Park, larger-than-life art pieces and high-end luxe brands among other attractions had won the Skytrax World Airport Awards for the 12th time last year. The prestigious Skytrax World Airport Awards, often dubbed the Oscars of the airport […]
Now, India is shooting for home-made bullet trains
New Delhi: India has begun work on a home-built bullet train that will exceed 250 kilometres per hour (kmph), a top government official told ET. The official said it will be faster than any of the trains now running on the Indian Railways. “It is being built on the Vande Bharat platform that can already […]
Modi 3.0 mega plan for Railways, plans investment of Rs 10-12 lakh crore
Indian Railways is ready with a 100-day plan post-elections 2024. It includes a focus on various passenger-friendly measures, like a 24-hour ticket refund scheme, a comprehensive super App for various railways facilities, three economic corridors and sleeper Vande Bharat trains., government officials told ANI. The new ticket refund scheme will ensure refunds within 24 hours […]
Punjab: Several trains affected as farmers squat on track demanding release of fellow protesters
Chandigarh/Ambala, Farmers under the banner of the Samyukta Kisan Morcha (non-political) and Kisan Mazdoor Morcha on Wednesday squatted on a rail track in Patiala district near the Punjab and Haryana border, demanding the release of three farmers who had been arrested by the Haryana Police. The movement of more than 30 trains was impacted as […]