The share of imported coal for blending purposes has gone down this fiscal compared to last financial year, Joshi said. New Delhi: The coal ministry is geared up to meet 874 million tonnes of anticipated coal demand for the power sector in 2024-25, Union Minister Pralhad Joshi said on Wednesday. For the financial year ending… Continue reading Coal Ministry to ensure 874 mn ton coal supply for power sector in FY25: Pralhad Joshi
Author: Economic Times of India Online News
Vedanta shares fall nearly 7%; mcap declines by INR 6,858 cr
In traded volume terms, 7.26 lakh shares of the company were traded at the BSE, and over 154.51 lakh shares changed hands at the NSE. New Delhi: Shares of Vedanta Ltd on Wednesday dropped by nearly 7 % after Sebi ordered mining mogul Anil Agarwal’s firm to pay INR 77.62 crore to Scottish explorer Cairn… Continue reading Vedanta shares fall nearly 7%; mcap declines by INR 6,858 cr
Sebi orders Vedanta to pay Cairn INR 77.6 cr; bars Navin & Priya Agarwal from mkt
In 2014, the Income Tax department slapped a INR 10,247 crore taxes demand on the Scottish explorer over a 2006 reorganisation and listing of Cairn India. New Delh: Sebi on Tuesday ordered mining moghul Anil Agarwal’s Vedanta Ltd to pay INR 77.62 crore to Scottish explorer Cairn for delay in payment of dividends, and also… Continue reading Sebi orders Vedanta to pay Cairn INR 77.6 cr; bars Navin & Priya Agarwal from mkt
EMPS: Recertification of OEMs, vehicles a pain point in new subsidy scheme
Prominent OEMs such as Tata Motors had been vocal in the past about the need for subsidy so that the difference in the price of an electric and ICE four wheeler could be narrowed down. New Delhi: A new scheme with a new name. The Electric Mobility Promotion Scheme 2024 (EMPS) requires vehicle manufacturers to… Continue reading EMPS: Recertification of OEMs, vehicles a pain point in new subsidy scheme
Rupee slightly under pressure on cash dollar outflows
Representative image. The Indian rupee was slightly on the back foot on Thursday, pressured by equity-related dollar outflows, but traders expect the local unit’s downside to be capped by dollar selling-interest from exporters. The rupee was at 82.8725 as of 10:20 a.m. IST, barely changed from its close at 82.8625 in the previous session. The… Continue reading Rupee slightly under pressure on cash dollar outflows
MHI, IIT Roorkee ink MoU to establish EV Centre of excellence and industry accelerator
Representative image. New Delhi: The ministry of heavy industries (MHI) and the Indian Institute of Technology, Roorkee (IIT Roorkee) have signed a memorandum of understanding (MoU) to foster innovation in the automotive and electric vehicle (EV) sector, with a combined investment of INR 24.6645 crore. Witnessed by Dr. Mahendra Nath Pandey, Minister of Heavy Industries,… Continue reading MHI, IIT Roorkee ink MoU to establish EV Centre of excellence and industry accelerator
Centre can limit but not oust states’ power to tax minerals, opines SC
Speaking for the bench, CJI Chandrachud said, “Power to limit state’s power to levy tax on minerals does not transfer power to tax minerals to the Centre. New Delhi: SC Wednesday appeared firm in its view that though the Centre cannot completely take away states’ taxation powers through a Parliament-enacted law, it can impose limits… Continue reading Centre can limit but not oust states’ power to tax minerals, opines SC
Compressed bio gas plants to be set up in Raipur, Bhilai; initial pact with BPCL signed
The MoU was signed in the presence of Chief Minister Vishnu Deo Sai and Deputy CM Arun Sao here at the former’s official residence An MoU was signed on Wednesday between BPCL, Chhattisgarh Biofuel Development Authority and municipal corporations of Raipur and Bhilai for production of Compressed Bio Gas (CBG) in Chhattisgarh, officials said. As… Continue reading Compressed bio gas plants to be set up in Raipur, Bhilai; initial pact with BPCL signed
Centre announces new scheme to subsidise electric two and three wheelers
This new initiative replaces the ongoing Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME II) scheme which lapses on March 31, 2024. The centre on Wednesday announced a new scheme to promote sale of electric two and three wheelers the country. According to Heavy Industries Minister Mahendra Nath Pandey, INR 500… Continue reading Centre announces new scheme to subsidise electric two and three wheelers
Tata Motors signs MoU with TN to invest INR 9000 cr on new project
Updated On Mar 13, 2024 at 06:38 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The MoU envisages an investment of INR 9,000 crores over 5-years and can potentially create up to 5,000 jobs (direct and indirect). New Delhi: Tata Motors Group, India’s leading manufacturer of commercial and passenger vehicles has… Continue reading Tata Motors signs MoU with TN to invest INR 9000 cr on new project