Thanks to a sufficient buffer and improved production prospects in Uttar Pradesh, Maharashtra, and Karnataka, there won’t be a shortage of sugar during the upcoming season (October to September), the India Sugar Mills Association (ISMA) declared on Wednesday. According to ISMA President Aditya Jhunjhunwala, there will be a carryover stock of 5.5 million tonne (MT)…
According to Ashima Goyal, a member of the RBI’s Monetary Policy Committee (MPC), the Indian economy has begun to perform well despite the unfavorable global environment since the Modi-led administration has carried out numerous reforms over the past nine years that have improved important macroeconomic indices. Goyal argued that it is foolish to extrapolate too…
JSW Infrastructure, the ports division of Sajjan Jindal’s JSW Group, has submitted bids for the purchase of three ports as part of the government’s privatization initiative totaling Rs.2,000 crore. The company’s capacity would increase by another 10–12% thanks to these ports. In a separate development, the second-largest commercial port operator in the nation based on…
After the completion of these projects, India will burn 292 million tonne (MT) more coal yearly, according to power minister RK Singh’s announcement that the country will add additional 25 to 30 gigawatts (GW) of thermal power to its existing 49 GW of coal-based plants. The typical plant load factor (PLF) in India is 65%-75%,…
This year, consumers will spend more than ever during the holiday season of October to November, which includes Dussehra and Diwali, as many break free from months of restrained spending. According to predictions made by businesses, consultancies like Deloitte and Redseer, and industry groups like the Confederation of All India Traders (CAIT) and the Clothing…
On Friday, Tata Steel and the UK government jointly pledged £1.25 billion in investments to upgrade the Port Talbot plant’s coal-based electric arc furnace (EAF) to a lower-emission model. While the UK government will give up to £500 million, Tata Steel would invest around £700 million over the course of the following four years from…
According to a report released on Friday by the Reserve Bank of India, India’s foreign exchange holdings decreased by USD 4.992 billion to USD 593.904 billion for the week ending September 8. The pot had increased by USD 4.039 billion to USD 598.897 billion over the previous reporting week. The nation’s foreign exchange reserves hit…
In order to reach net zero emissions by 2040, Oil India Ltd. (OIL) chairman and managing director Ranjit Rath announced on Thursday that the state-owned corporation wants to invest Rs.25,000 crore in renewable energy. The corporation has made the decision to invest in projects to end flaring as well as green hydrogen, solar, geothermal energy,…
Over the next five years, small scale manufacturers are predicted to invest Rs.10,000 crore in the stainless steel park that Jindal Stainless (JSL) is developing in Odisha. In addition, the industrial park, which is anticipated to be operational in the following two years, would also provide up to 20,000 jobs. The nation’s first stainless steel…
KEC International Ltd., a leading global infrastructure EPC company, said on Wednesday that its Transmission & Distribution (T&D) division has received a prestigious turnkey order for Rs.1,145 crore. Design, delivery, and construction of a 380 kV overhead transmission line in the Kingdom of Saudi Arabia (KSA) are all included in the deal. The corporation has…
