India's non-fossil fuel-based power generation capacity was at 174.53 gigawatt (GW) at the end of December 31, 2022, Parliament was informed on Tuesday. The country's total power generation capacity, including 235.81 GW from the thermal base, was at 410 GW at the end of 2022, Minister for Power, New and Renewable Energy R K Singh [...]
Amid a political furore over a meltdown in the Adani group shares, stock market data shows it is not only the plunge now but the sharp surge of the past also drew regulatory attention and enhanced surveillance. Adani group stocks have taken a huge beating on the bourses, losing billions of dollars in market value, [...]
Coal imports cannot be reduced to zero as several thermal power projects in India are designed to utilise the imported dry fuel for its high calorific value and blending it with domestic coal is also needed to maintain fuel stocks, Parliament was informed on Tuesday. "The power plants designed for utilizing high Gross Calorific Value [...]
The shares of Tata Steel Limited declined by more than 5.5 percent and were trading at Rs 111 levels till the afternoon on Tuesday. The tata group stock fell after it reported a loss in the third quarter of FY23. In Q3FY23, the company reported a total revenue of Rs 57,083.56 Crore which declined by [...]
State-owned Canara Bank on Tuesday said the Union Government has appointed K Satyanarayana Raju as its Managing Director and CEO, with immediate effect. He will be replacing L V Prabhakar who demitted office on December 31, 2022. Raju, who is a Physics Graduate, Post Graduate in Business Administration (Banking and Finance) and CAIIB (Certified Associate [...]
Power Mech Projects on Tuesday posted over 54 per cent rise in its consolidated net profit at Rs 50.61 crore in December quarter compared to a year ago. The consolidated net profit of the company was Rs 32.75 crore in the quarter ended on December 31, 2021, showed a BSE filing. Total income also rose [...]
More than 3,600 firms have been prosecuted for manufacturing, sale and illegal import of sub-standard pesticides in the last five years and 137 companies were convicted by courts after they were found to be guilty, the government said on Tuesday. "In last 5 years (2017-18 to 2021-22), Directorate of Plant Protection, Quarantine & Storage under [...]
CG Power and Industrial Solutions Limited gained 4 percent till the afternoon on Tuesday and reached a 52-week high of Rs 319.15. In the past month, the stock has jumped by 10 percent. In Q3FY23, their consolidated revenue stood at Rs 1,775.44 Crore which increased 14 percent YoY from Rs 1,775.44 Crore and 5 percent [...]
Adani Ports and Special Economic Zone (APSEZ) on Tuesday reported a 12.94 per cent decline in consolidated profit to Rs 1,336.51 crore for the third quarter ended December 2022. The country's largest integrated logistics player had clocked a consolidated profit of Rs 1,535.28 crore a year ago, according to a regulatory filing. Its total consolidated [...]
Hindenburg Research, an American short-selling firm, said that it held short positions in the Adani group through US-traded bonds and non-Indian-traded derivative instruments. It accused the group of participating in brazen stock manipulation and accounting fraud schemes over decades, after which the share price of all the listed companies tumbled to the tune of 50%. [...]
