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Dark cloud gather over solar energy

Dark cloud gather over solar energy

A 700 mw solar tender floated by Gujarat Urja Vikas Nigam has triggered widespread responses from a host of global as well as local players aggregating 1,750 mw, which would well be a sign of renewal of interests among investors amid some severe headwinds affecting domestic solar energy sector.

Isro's military communications satellite GSAT-7A to be launched today

Isro's military communications satellite GSAT-7A to be launched today

The Indian Space Research Organisation (ISRO) will on Wednesday launch the country's newest satellite GSAT-7A from the second launch pad of Sathish Dhawan Space Centre in Andhra Pradesh's Sriharikota.

It is believed that the 2,250-kilogram geostationary communication satellite will give a boost to the Defence forces' communication capabilities. It is scheduled for launch today at 4.10 pm.

Yes Bank recommends name of Brahm Dutt for post of Chairman: Sources

Yes Bank recommends name of Brahm Dutt for post of Chairman: Sources

Yes Bank has recommended the name of its board member Brahm Dutt for the post of Chairman to the RBI, according to sources. The Chairman post fell vacant after the resignation of Ashok Chawla in November following issues related to probity. “The bank has sent the name of Dutt to the Reserve Bank for the Chairman post,” a source said Tuesday.

Air India offer: Grab cheap late night flight tickets for as low as Rs 1,379; check routes, flight details

Air India offer: Grab cheap late night flight tickets for as low as Rs 1,379; check routes, flight details

Air India offer: India’s national carrier Air India has announced ‘Night Flights’ offer, using which flyers can book flights for as low as Rs 1,379 (all-inclusive). “Night Flights, beat peak rush hour at attractive fares,” the air carrier said on its website. The customers can book Ahmedabad-Bengaluru late night flight (departure time: 0305; arrival time: 0525) for Rs 1,379. Other attractively priced routes include from Delhi to Coimbatore (departure time: 2115;

Mukesh Ambani’s RIL in talks with Saudi Arabia for new refinery, petrochemicals projects

Mukesh Ambani’s RIL in talks with Saudi Arabia for new refinery, petrochemicals projects

World’s largest oil exporter Saudi Arabia and richest Indian Mukesh Ambani-run Reliance Industries are discussing joint investment in petrochemicals and refinery projects, the Saudi Oil Minister Khalid al-Falih said. Al-Falih, who has known Ambani for over a decade now, travelled to Udaipur earlier this month to attend the pre-wedding festivities of Ambani’s daughter Isha’s marriage with Ajay Piramal’s son Anand.

PM Modi to launch projects worth Rs 41,000 cr in Maha tomorrow

PM Modi to launch projects worth Rs 41,000 cr in Maha tomorrow

Mumbai: In the lead up to the Lok Sabha and the state assembly elections next year, Prime Minister Narendra Modi on Tuesday will launch infrastructure and housing projects worth around Rs 41,000 crore in the state.

Modi, who will be in the state, will lay the foundation stone for Thane-Bhiwandi-Kalyan metro 5 and Dahisar-Mira Bhayander metro-9 in Kalyan in the neighbouring Thane district.

SBI may buy out Canara Bank’s loans in Ratnagiri Gas

SBI may buy out Canara Bank’s loans in Ratnagiri Gas

Mumbai: State Bank of India (SBI) is looking to buy out Canara Bank’s loans of about ₹400 crore in Ratnagiri Gas and Power Pvt. Ltd (), the erstwhile Dabhol Power Co., said two people in the know. This is expected to be the first resolution under the inter-creditor agreement (ICA), which is part of the government’s Project Sashakt aimed at resolving bad loans.

CERC relief sends NTPC, Power Grid shares soaring

CERC relief sends NTPC, Power Grid shares soaring

Shares of NTPC Ltd and Power Grid Corp. of India Ltd gained 1.7% and 3.7% on Monday after the sector regulator proposed continuation of current incentives. In a positive surprise, the draft note from the Central Electricity Regulatory Commission (CERC) suggests continuation of the 15.5% regulated return on equity (RoE) for generation and transmission companies.

Amazon Runs Out of Some Echo Speakers the Week Before Christmas

Amazon Runs Out of Some Echo Speakers the Week Before Christmas

Jeff Bezos captured the world’s imagination when he appeared on CBS’s “60 Minutes” and pledged to fill the skies with package delivery drones.

Five years on, Amazon.com Inc.’s chief executive officer is betting on decidedly more terrestrial technology: drivers. As in real people.

Markets open in red, Sensex loses 185 Points, Nifty below 10,850

Markets open in red, Sensex loses 185 Points, Nifty below 10,850

Domestic markets on TUesday opened in red. The benchmark BSE Sensex opened at 36,226.38 and the Nifty50 barometer of the National Stock Exchange (NSE) at 10,850.90. At 9:42, Sensex was at 36,110.47, down by 159.60 (0.44 percent) while Nifty was at 10,841.10 mark.

Among the top losers were Infosys, Wipro, Indiabulls Housing Finance and Yes Bank.

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