State-owned power giant NTPC on Tuesday said it has started India's first green hydrogen blending operation in the PNG (piped natural gas) network of its township in Kawas, Surat. "The project is a joint effort of NTPC and Gujarat Gas Limited (GGL). The first molecule of green hydrogen from the project was set in motion [...]
HDFC Bank on Tuesday said it is partnering with Microsoft in the next phase of its digital transformation. The private sector lender is developing in-house IPs as well as partnering with several companies, including FinTechs, to co-create technology IPs, the lender said in a statement. HDFC Bank will leverage Microsoft Azure to consolidate and modernise [...]
The country's coal output went up by 16.39 per cent to 607.97 million tonnes (MT) during the April-December period of the ongoing fiscal. India's coal production was 522.34 MT in the corresponding period of previous fiscal. The coal production by state-owned Coal India -- which accounts for over 80 per cent of domestic output of [...]
Richest Asian Gautam Adani's group on Tuesday said it will pay an additional Rs 48.65 a share to NDTV stockholders who tendered their shares in its open offer to help match what it had paid to buy out a stake of the news broadcaster's founders. Adani Enterprises in a stock exchange filing said it will [...]
Market benchmarks overcame bouts of volatility to close in the green for the second straight session on Tuesday, propped up by robust demand for banking, IT and pharma stocks amid a supportive trend overseas. However, a depreciating rupee and sustained foreign fund outflows capped the gains, traders said. The 30-share BSE Sensex rose 126.41 points [...]
Rhetan TMT, an iron and steel company, has announced a bonus issue as well as the sub-division (stock split) of its shares. The company currently manufactures TMT bars and round bars which are primarily used in the construction industry. Its shares were quoting at ₹ 454.00 apiece at 03:00 PM on Tuesday and it has [...]
The Indian Energy Exchange's total trade volume in December 2022 dipped 7 per cent to 8,452 million units as compared to the year-ago period mainly due to higher average spot price of electricity and lower trading of renewable energy certificates. "The overall volume on the exchange in December 2022 increased 9 per cent on a [...]
External Affairs Minister S Jaishankar has defended India's move to import crude oil from Russia notwithstanding the growing disquiet over it by Western powers, saying that Europe has imported six times the fossil fuel energy from Russia than India has done since February 2022. Jaishankar, who arrived here from Cyprus on the second leg of [...]
Indian media and entertainment sector is likely to grow 12-14 per cent to clock Rs 1.6 lakh crore revenue in FY24, rating agency Crisil said in a report. The revenue growth of the Indian media and entertainment (M&E) from advertising would be led by digital platforms, followed by TV and print, it added. "Ad revenue, [...]
Capital markets regulator Sebi has asked Oravel Stays Ltd, the parent company of travel-tech firm OYO, to refile the draft IPO papers with certain updates. The move might delay the Gurugram-based hospitality unicorn's initial public offering (IPO). OYO filed preliminary documents with the Securities and Exchange Board of India (Sebi) in September 2021 for a Rs [...]
