Shares of multiple Adani Group companies continued to fall on Tuesday, despite the group seeking to reassure investors about its “strong cashflows” and saying its business plans are fully funded. The total market capitalization losses exceed $120 billion since...
Hedge funds including Third Point, Makuria Investment Management and Odey Asset Management have reaped a windfall from coal’s renaissance as they embrace a fossil fuel that many investors have shunned in the battle against climate change.The shares of coal-mining groups...
The government made an allocation of Rs 5,143 crore for two central schemes in the petroleum sector, including a project for a gas grid in the North East, in the last five years, Minister of State for Petroleum and Natural...
The power tariff order of Delhi for 2022-23 is yet to be announced by the city's electricity regulator DERC, even as the financial year is coming to an end. Ideally, the exercise should be completed before the next financial year...
One of Europe’s few developers of lithium, a vital metal used to power electric vehicles, has increased production targets in response to growing demand from carmakers such as Volkswagen and Renault. Vulcan Energy Resources said on Monday it was aiming...
India’s market regulator will remain in the spotlight this week as it prepares to brief the central government on Adani Group’s now-shelved $2.5-billion share sale, while also facing scrutiny from the country’s apex court. The Securities and Exchange Board...
Some Indian refiners are planning to import Russian diesel and other refined products for domestic consumption so they can free up locally produced fuels for export to the West, which has nearly stopped taking refined products from Russia, according to...
Ineos has secured €3.5bn in financing to push ahead with a new energy-efficient petrochemical facility in Belgium, in a vote of confidence in a European sector that has been rocked by the energy crisis.The company, run by the UK’s richest...
The writer, a former business secretary, is a non executive director of Element 2When the high-profile battery-making company Britishvolt collapsed last month, it did not bode well for the country’s ambition to generate “green growth”. But other building blocks in...
Coal minister Pralhad Joshi on Saturday reviewed the construction of NUPPL, a coal-based super critical thermal power plant, and gave directions to expedite the completion of the project. Neyveli Uttar Pradesh Power Ltd (NUPPL) is a joint venture of Neyveli...
