Companies in Sweden, the largest Nordic economy in Europe is committing a fresh 1.1 billion dollars investment in India led by some of its major companies Volvo, IKEA, AstraZaneca amongst others.
Domestic steel production is closely linked to GDP growth, infrastructure and construction spending. Given that India’s GDP is already pegged to grow at least 7 per cent over FY19-20, what is it that you are expecting it to translate into for the steel industry in particular?
British private equity firm Actis is close to signing a deal to buy the solar power portfolio of Indian conglomerate Shapoorji Pallonji, three people aware of the development said on Tuesday.
US Energy Secretary Rick Perry said today that Westinghouse Electric Co is emerging out of bankruptcy and is now capable of delivering the planned six nuclear reactors to India on time.
Energy giant Shell has told the government that separating gas marketing and transportation business will provide level playing field to other suppliers and boost demand.
The Madras High Court has dismissed the petition challenging the Directorate General of Safeguards’ recommendation of 70% safeguard duty on import of solar panels and modules, according to three sources close to the development.
Setting up charging stations for electric vehicles does not need a separate licence under the Electricity Act of 2003, the government has said, giving a big boost to ambitious EV plans.
India and China, the traditional rivals, plan to jointly leverage their buying power to influence the crude oil pricing, oil minister Dharmendra Pradhan has said.
A unit of Royal Dutch Shell has sold 8.5 per cent stake in Mahanagar Gas Ltd, the firm which retails CNG to automobiles and piped cooking gas to households in Mumbai and adjoining areas.
Indian government bond yields have been jumping around over the past week, after the market rallied strongly in March.