India has reached a major climate milestone by achieving 50 % of its installed power generation capacity from non-fossil fuel sources, five years ahead of its 2030 target under the Paris Agreement, signed in December 2015.As per official sources cited by PTI, non-fossil fuel sources now make up half of India’s total power generation capacity…
BP has announced it will sell its entire onshore wind energy business in the United States to American firm LS Power, marking a major step in its shift away from renewables and back toward oil and gas. The sale includes 10 operational wind assets, though the deal value was not disclosed.“The onshore US wind business…
A report of the Comptroller and Auditor General of India has slammed the Maharashtra government for irregular revenue waiver of Rs 71.07 crore given to the Mumbai Pune Expressway toll operator amid the COVID-19 lockdown.The Report of the Comptroller and Auditor General of India on Compliance Audit was tabled in the Maharashtra legislature on Friday.The…
India’s foreign exchange reserves fell by $3.064 billion to $696.672 billion in the week ended July 11, according to the latest data released by the Reserve Bank of India on Friday. This marks a second consecutive weekly decline, following a $3.049 billion drop in the previous week when reserves stood at $699.736 billion, PTI reported….
JSW Steel on Friday reported a more than two-fold rise in its consolidated net profit at Rs 2,209 crore for the April–June quarter, driven by lower expenses and higher volumes. The company had posted a net profit of Rs 867 crore in the corresponding quarter of FY25, it said in a regulatory filing.Total income rose…
Consumers will soon be able to verify star rating claims on electronic appliances such as air-conditioners, refrigerators, televisions, and washing machines, as they will carry detailed energy efficiency labels aimed to help people make informed choices.According to people familiar with the development,the updated labels are a part of the upcoming ‘Bureau of Energy Efficiency (Appliance…
The project has received substantial support from Defence Minister Rajnath Singh. (File photo of Rafale) Boost for ‘Make in India’ defence projects: The Ministry of Defence has reportedly proposed development of next-generation fighter jet engines in collaboration with France. The aim of the project is towards self-reliance in design and manufacturing of such technologies in…
Taiwanese semiconductor giant TSMC is accelerating its US expansion, stepping up the construction of its second and third chip fabrication plants in Arizona as part of plans to build a massive “gigafab” cluster in the state, as per a report by Focus Taiwan.Taiwan Semiconductor Manufacturing Co. (TSMC) is advancing its strategy to meet increasing global…
The Donald Trump administration has informed the WTO that India lacks legitimate grounds to suggest retaliatory tariffs. (AI image) The US has told the World Trade Organization (WTO) that India has no ‘legal basis’ to hit out at American tariffs on automobiles, steel and aluminium with retaliatory tariffs. Amidst India-US trade deal talks, the two…
RIL shares are actually outperforming the Nifty50 benchmark index by the biggest gap seen in five years. (AI image) RIL share price: Shares of Mukesh Ambani-led Reliance Industries are seeing a big rally this year, beating the Indian equity benchmark indices in returns after two years. The rally in RIL stock has added a whopping…
