Reversing the declining trend of the past few years, ONGC said its crude oil production will rise 11 per cent and natural gas output will jump 25 per cent after newer discoveries in the western and eastern offshore start producing. In an investor presentation post FY22 earnings, Oil and Natural Gas Corporation (ONGC) said crude […]
Category: Business Standard
Business Standard
Attero Recycling plans to spend $1 billion to expand as EVs take off
E-waste recycling firm Attero Recycling plans to invest USD 1 billion, about Rs 7,700 crore, to expand its lithium ion recycling capacity across the globe to 3 lakh metric tonnes per annum by 2027, a top official of the company said Tuesday. Attero Recycling CEO and co-founder Nitin Gupta said that the company at present […]
Attero to spend $1 billlion over 5 years on battery recycling plants
Indian battery recycling company Attero Recycling Pvt is planning to invest $1 billion over five years to build lithium-ion battery recycling plants in Europe, the US and Indonesia as demand for the metal surges amid the global shift to electric cars. “There’s a tremendous amount of lithium-ion battery waste available for us to recycle,” Attero […]
Voltamp Transformers zooms 9%, stock up 32% in two weeks on strong Q4 nos
Shares of Voltamp Transformers hit a record high of Rs 2,375, on rallying 9 per cent on the BSE in Tuesday’s trade in an otherwise weak market. The stock has now logged gains in the last 10 straight trading sessions after the company reported strong earnings for the quarter ended March 2022 (Q4FY22). The board […]
Japan’s Chubu Electric to buy 20% stake in India’s OMC Power for $39 mn
Japan’s Chubu Electric Power Co Inc said on Tuesday it will spend up to 5 billion yen ($39 million) to buy a 20% stake in India’s rural renewable energy service company, OMC Power Private Ltd, through a third-party allotment of shares. OMC operates about 280 renewable energy plants to provide electricity for telecom companies, small […]
TechEagle collabs with India Post to deliver mail through drone in Gujarat
Gurugram-based startup TechEagle on Tuesday said its drone has successfully delivered a mail in Gujarat under a pilot project in collaboration with India Post, which could pave the way for postal deliveries by drones in the future. The first such drone flight delivered the parcel in the Kutch region of Gujarat in less than half […]
Black box of crashed Tara Air aircraft recovered by mountain guides
A team of experienced international and national mountain guides on Tuesday retrieved the black box of the Tara Air plane that crashed in Nepal’s mountainous Mustang district on Sunday, killing 22 people on board, including four Indians. Chief District Officer Netra Prasad Sharma of Mustang said that rescuers on Tuesday also recovered the last body […]
Last body recovered from Tara Air plane crash site, says Nepal Army
Nepal Army on Tuesday said it has recovered the last body from the wreckage site of the Tara Air plane that crashed in Nepal’s mountainous Mustang district on Sunday with 22 people on board, including four Indians, minutes after taking off from the tourist city of Pokhara. Authorities in Nepal resumed their search operation on […]
194,000 flights were operated in six years under UDAN scheme: Scindia
Civil Aviation Minister Jyotiraditya Scindia on Tuesday inaugurated two flights from Jabalpur in Madhya Pradesh and said that under UDAN scheme, 1.94 lakh flights were operated in the last six years in which over one crore passengers travelled. He also said the flight movement in Madhya Pradesh has increased by 70 per cent in the […]
J Kumar Infra gains 3%, hits 52-week high on solid Q4 results
Shares of J Kumar Infraprojects (JKIL) hit a 52-week high of Rs 254, up 3 per cent on the BSE in Tuesday’s trade in an otherwise weak market. The surge comes after the company’s profit after tax (PAT) more than doubled to Rs 74 crore in March quarter (Q4FY22), on back of healthy operational performance. […]
NHAI likely to award highways contracts for 6,500 kms this fiscal: Official
Despite rating agency Crisil’s forecast that the National Highways Authority of India awarding may slow down to 5,000 km annually over the current fiscal and the next, the government-owned agency is confident of meeting its project awarding target of 6,500 km this year, an official said. The authority also remained confident of achieving its goal […]
Sri Lanka seeks another $500 mn credit from India for fuel imports
Amid the continuing economic crisis in the country, Sri Lanka is in talks with India for another credit line of USD 500 million for fuel imports. This issue was discussed when Sri Lankan High Commissioner to India Milinda Moragoda met with Indian Finance Minister Nirmala Sitharaman last week, Daily Mirror newspaper reported. The credit line […]