Summer heats up power price for Gujarat

Summer heats up power price for Gujarat

Even as the demand for electricity across the state touched a new high of 16,214MW on Monday amid rising temperatures, the state government had to buy 40 million units (MU) from the open market at Rs 6.14 per unit, the highest so far. This punctured the government’s claim of being a power-surplus state.

India’s GDP may grow 7.3% in FY19: Fitch

India’s GDP may grow 7.3% in FY19: Fitch

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.

‘We Win In Markets, Not Conference Rooms’: GE’s Jeff Immelt

Jeff Immelt, 61, who had served as the Chairman and CEO of the manufacturing giant GE since 2001, handed over the chief executive role to another company veteran John Flannery, but will continue as the Chairman till the end of this year.

‘We Win In Markets, Not Conference Rooms’: GE’s Jeff Immelt

“We win in markets, not conference rooms,” the message said. “Winning requires doing and not talking,” Jeff Immelt said in a letter to employees last week, which he also shared on LinkedIn.

Exclusive Opinion Piece : Has Saudi Arabia abandoned its role as a Swing Producer?, Asks Manish Vaid

Given its own economic conditions and plans for upcoming Saudi Aramco’s IPO next year Saudi Arabia cannot escape its role as swing producer, even though unwittingly.

Exclusive Opinion Piece : Has Saudi Arabia abandoned its role as a Swing Producer?, Asks Manish Vaid

The resilient U.S. shale output and sluggish demand from American drivers have kept U.S. stockpiles at historically high levels making efforts of OPEC and non-OPEC to cut oil production a futile exercise. These developments has forced experts to rethink about Saudi Arabia’s role as a ‘Swing Producer’ in rebalancing the oil markets. This article therefore explore the current oil market scenario alongside evaluating if actually Saudi Arabia has abandoned its role as a Swing Producer.

Reliance Jio: A peep into Mukesh Ambani’s $20 billion start-up

Reliance Jio: A peep into Mukesh Ambani’s $20 billion start-up

At the vast open-plan headquarters of Indian telecoms start-up Jio, billionaire oil tycoon Mukesh Ambani stands in short sleeves beneath a digital tracker that logs every new subscriber to his service. The 59-year-old is India’s richest man, and his Reliance Industries oil & gas group is the country’s most profitable.