In an innovative move, CIL has decided to tap into the latent coal reserves of 23 closed and discontinued underground mines by awarding them to successful bidders from the private sector. This initiative follows a revenue-sharing model, where the cumulative peak rated capacity is 34.14 million tonnes per year (MT/Y), and the total extractable reserves …
On June 18, 2024, ABB India announced significant energy savings achieved through its IEC LV Motors across Indian industries. Over the past five years, ABB India’s installed base of LV Motors has saved approximately 500 gigawatt-hours (GWh) of energy annually. This amount of energy savings is equivalent to the annual energy consumption of Sikkim, a …
On June 18, 2024, Piramal Capital & Housing Finance Ltd, a major financial services company and a subsidiary of Piramal Enterprises Limited, announced that it had crossed the milestone of ₹50,000 crore in assets under management (AUM) for retail loans. Piramal Finance operates under the Piramal Finance brand. It has developed a range of financial …
The Department of Telecommunications (DoT) has taken a significant step towards “Jai Anusandhan” (meaning “National Innovation”) by announcing two crucial calls for proposals. These initiatives aim to accelerate innovation and technological advancements within the Indian telecommunications sector. Fostering a Culture of Innovation These proposals categorised as “5G Intelligent Village” and “Quantum Encryption Algorithm,” aim to …
On June 18, 2024, Fischer Medical Ventures Ltd (Fischer MVL), previously known as Fischer Chemic Ltd, informed in an exchange filing its investment in Wonder Tech Group, a Singapore-based company focused on advancing mental healthcare through AI-driven solutions. Fischer MVL is known for producing cost-effective, high-quality MRI systems via its subsidiary Time Medical International Ventures …
Ethanol, a clean-burning fuel, is derived from sugarcane as a by-product of the sugar industry. It is commonly blended with gasoline to reduce harmful vehicle emissions. Ethanol is recognised as a biofuel and is widely used as an alternative to traditional fuels worldwide. The Government of India attained an ethanol blending record of ~12% in …
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group’s businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. The Adani group has a widescale presence across 70 countries. The Adani group listed stocks …
JNK India Private Limited, on June 14, 2024, announced the reception of the order for the Gas Cracker Unit (GCU) De Bottlenecking Project by Reliance Industries. The project has been initiated by Reliance Industries Limited’s Nagothane Manufacturing Division (NMD), Maharashtra, and Dahej Manufacturing Division, Gujarat India. The scope of work is Design, Engineering, Procurement, Supply, …
Hindustan Aeronautics Limited (HAL) is an Indian public-sector aerospace and defence company, headquartered in Bangalore. Established on 23 December 1940, HAL is one of the oldest and largest aerospace and defence manufacturers in the world. The defence manufacturing company has a total market capitalization of about Rs.3.5 lakh crores. HAL Receives RFP from Defence Ministry …
During Friday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. GMR Airports Infrastructure Ltd GMR Airports Infrastructure Ltd reached a high of Rs 94.55, with an impressive traded volume of 92,302,505 shares. The stock is currently trading at Rs 93.95, up from its …
