On Tuesday, Maharashtra State Electricity Distribution Company Limited (MSEDCL) sent a Letter of Award (LoA) for the establishment of a 200 MW Wind-Solar Hybrid Power Project to JSW Neo Energy Limited (JSW Neo), a wholly owned subsidiary of JSW Energy Limited, in response to a tariff-based competitive bid (MSEDCL – Phase III). The company reported…
Due to growing wagers on a September interest rate cut by the U.S. Federal Reserve and growing geopolitical concerns in the Middle East, safe-haven demand for gold kept prices stable on Tuesday, staying close to record highs. Spot gold Bullion reached a record high of $2,531.60 on August 20, but it remained unchanged at $2,515.83…
On Monday, Bharat Heavy Electricals Limited (BHEL) revealed that it had received orders totaling more than Rs 11,000 crore from Adani Power and Mahan Energen, a subsidiary of Adani Power, for the provision of equipment (such as boilers, turbines, and generators) and supervision of the erection and commissioning of three power projects located in Mahan,…
Although gold prices somewhat declined in Asian trade on Monday, they were still close to record highs last week as the expectation of lower U.S. interest rates pummelling the dollar gave the metal markets a better outlook. Yellow metal reached all-time highs last week, leading to gains in the metal markets as traders cheered the…
Media reports indicated no movement toward an Israel-Hamas ceasefire. Due to this, Crude price increased during the Asian trade on Monday. Hopes of lower US interest rates also helped oil markets as the Federal Reserve Chairman confirmed forecasts for a September cut. The Federal Reserve Chairman’s comments on Friday led crude prices to rise again….
In the benchmark Nifty 50, Trent and Bharat Electronics will take the places of Divis Laboratories and LTIMindtree. The Nifty 50 Equal Weight index will likewise be affected by the replacement in Nifty 50. As part of the semi-annual assessment of broad market indices, the Index Maintenance Sub-Committee (Equity) of NSE Indices has agreed to…
JSW Neo Energy, a JSW Energy subsidiary, declared that it has obtained a letter of award (LoA) from NTPC to establish a 300 MW wind-solar hybrid power plant that is connected to the ISTS. The award is a component of the tariff-based competitive bid that was requested for the creation of 1,000 MW ISTS-connected Wind-Solar…
As the dollar and Treasury rates declined in response to remarks made by the chair of the Federal Reserve that suggested an interest rate cut in September, gold prices increased by more than 1% on Friday. Although it was down from Tuesday’s record high of $2,531.60, spot gold increased 1.2% to $2,512.63 per ounce. US…
The Federal Reserve Chairman stated that lowering interest rates will be the central bank’s top priority in the upcoming months, which caused U.S. Crude prices to rise by more than 1% on Friday. West Texas Intermediate (WTI) crude futures increased by $1.33, or 1.81%, to $74.34, while Brent crude futures gained $1.27, or 1.63%, to…
The consumer goods company Dabur India is launching its first manufacturing venture in the southern region with an investment of Rs 400 crore to establish a new plant in Tamil Nadu. The business and the Tamil Nadu government inked a memorandum of understanding (MoU) on Thursday to develop a cutting-edge manufacturing facility in the Villupuram…
