Akademik Lomonosov, the world’s first “floating” nuclear power plant (FNPP) for installation in remote areas, has headed out on its first sea voyage from this Baltic shipyard here, Russian state-run atomic energy corporation Rosatom said.
More than two weeks after a freak storm, with winds having velocity of over 130 km per hour, had swept several parts of Agra, residents of 35 villages in Achnera and Kiraoli blocks continue to suffer from erratic power supply.
The surge in oil prices couldn’t have come at a worse time for India. Asia’s No. 3 economy faces a wider trade deficit, a worsening of stretched government finances, and slower economic growth if oil prices remain stubborn at the current level. That would challenge policy makers trying to strengthen the economy in time for elections next year.
India has been a major beneficiary of the fall in international crude oil prices over the past few years. But crude prices have been rising for some time and Brent crude has already touched a 41-month high of $75 dollar (Rs 5,000) per barrel.
If everything goes according to plan, 30 electric buses will be operated in the state capital soon under the Smart City Plan. The move is also aimed at easing traffic congestion and curbing air pollution in the city.
India’s economy will grow 7.3% in the current financial year and gain pace to 7.5% next year as the “temporary drag” from demonetisation and the goods and services tax fades away, Fitch Ratings forecast.
Tata Power Delhi Distribution Ltd (TPDDL), the Tata-owned private power distributor in the national capital, today announced the appointment of Sanjay Banga as the new Chief Executive Officer (CEO) of the company.
Government has notified new industrial development schemes for Jammu & Kashmir, Himachal Pradesh and Uttarakhand to boost industrialisation, providing cheaper access to credit and interest incentive.
Engie CEO Isabelle Kocher said the utility had considered buying independent power retailer Direct Energie but decided against it.
Shares of Reliance Industries (RIL) climbed nearly 3 per cent to hit fresh 52-week high in Friday’s trade ahead of its March quarterly results, slated for release later in the day.