New Delhi: The Ministry of Petroleum and Natural Gas (MoPNG) has introduced key reforms to the domestic natural gas allocation policy, aimed at improving the availability, affordability, and predictability of gas supplies to the Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) segments. These public-facing sectors are part of the City Gas Distribution (CGD)…
South Eastern Coalfields Limited (SECL) on Friday signed a ₹7,040 crore agreement with TMC Mineral Resources Private Limited for undertaking large-scale coal production in Korba area of Chhattisgarh. With this, it will become the first coal PSU in India to adopt paste-fill technology for coal mining. The Singhali underground coal mine will be the site…
India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure. The proposal by Prime Minister Narendra Modi‘s government is the latest step to expand nuclear…
In his resignation letter, Menon said that he had offered to help the company reduce its interest cost through the debt restructuring route, but was never taken up on the offer. Three independent directors of Gensol Engineering Ltd (GEL) resigned in quick succession following a regulatory order against the Ahmedabad-based company by the Securities and…
New Delhi: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL), in a non-cash equity transaction. The deal will add 50 million tonnes per annum (MTPA) cargo handling capacity to APSEZ through…
The Global Payments Company logo seen displayed on a smartphone. Igor Golovniov | LightRocket | Getty Images Global Payments shares tumbled 17% on Thursday after the company said it’s buying Worldpay for more than $24 billion while simultaneously selling its Issuer Solutions business to Fidelity National Information Services. The company said that in acquiring Worldpay,…
New Delhi: Cumulative electric vehicle (EV) sales in India reached 61.66 lakh units by the end of financial year 2024–25, with over 20 lakh units sold during the year, according to the Annual India EV Report Card: FY2025 released by JMK Research. Electric two-wheelers (E2Ws) accounted for over 50 per cent of the sales, followed…
New Delhi: Renewable energy company ReNew inaugurated its 1.3 gigawatt peak (GWp) solar project in Jaisalmer, Rajasthan. The project was unveiled by Union Minister for New and Renewable Energy and Consumer Affairs, Food and Public Distribution Pralhad Joshi, in the presence of Rajasthan Chief Minister Bhajan Lal Sharma. The project has been developed using 100…
New Delhi: The ministry of coal has implemented the Coal Import Monitoring System (CIMS), a digital platform to streamline the reporting and monitoring of coal imports into the country. Importers will now be required to register the details of their consignments in the CIMS portal on or before the arrival of shipments at Indian ports….
Mumbai: Zelestra, a renewable energy company, on Thursday said it has appointed Prashant Kumar as Chief Financial Officer for its India business unit, effective immediately. According to the official press release, Kumar will report directly to Sajay K V, CEO and will oversee all financial operations for India. “We now have a pipeline of wind,…
