ICICI has come out with its first quarter (April-June) earnings estimates for the Power sector. The brokerage house expects NTPC to report net profit at 2385.3 crore up 13.8% quarter-on-quarter.
The prices of energy efficient appliances — LED bulb, tubelight and fan — being distributed under the UJALA scheme are now available at uniform rates after the implementation of the Goods and Service Tax.
National Thermal Power Corporation (NTPC) plans to invest $10 billion in new coal-fired power stations over the next five years despite the electricity regulator’s assessment that thermal plants now under construction will be able to meet demand until 2027.
The Rural Electrification Corporation (REC) management spoke to CNBC-TV18 from London on the listing of the company’s Green Bond Issuance.
India’s solar power generation capacity would nearly double to 22 GW by the end of current fiscal and more wind power auctions would be conducted in the coming months, Power Minister Piyush Goyal said today.
Hinduja group flagship Ashok Leyland is looking at expansion of its commercial vehicle business with plans to introduce a slew of products.
Government think tank NITI Aayog has made a case for higher tax on big cars and SUVs, and promotion of mass transport system like metro rail to improve air quality in the draft National Energy Policy.
UK’s Cairn Energy, which became the first company to face coercive recovery in retrospective tax action, had created a maze of subsidiaries in a span of just six months to transfer Indian assets, an event that led to a demand of Rs 10,247 crore as dues.
Berlin is lobbying for German firms to win business revamping India’s creaking railway network, one of several countries attracted by the scale of India’s transport needs and which are campaigning to export their technology.
Crude oil has entered a bear market even as the Organisation of Petroleum Exporting Countries has been trying its best to put a floor under the prices by curtailing supply.