Victorian-era “palliser” projectiles were designed to pierce the armour of an enemy. An activist fund of the same name has achieved that end against its target, Capricorn Energy. Palliser believes that the proposed $866mn acquisition by Israel’s NewMed Energy undervalues...
Indian Oil Corporation has lined up investments of over Rs 2,200 crore in Tamil Nadu in the next two years towards taking up major grassroots and expansion projects in the state, a senior company official said on Tuesday. The projects...
Loans from China’s two main trade policy banks fell to a 13-year low of $3.7 billion in 2021, a new study has revealed. Lending by the China Development Bank (CDB) and the Export-Import Bank of China (China EximBank) was...
India Grid Trust (IndiGrid) will acquire a 100% equity stake in Khargone Transmission at an enterprise value of around ₹1,497.5 crore, the company said Monday in a regulatory filing."IndiGrid signed a share purchase agreement on January 21, 2023, for the...
On the whole, the ban on Russian crude oil has worked well. It has lowered revenues for Russia without causing the global oil price to spike. The upcoming ban on importing Russian distilled products into Europe, scheduled to kick in...
A major outage of Pakistan’s national grid left tens of millions of people without electricity on Monday, its power ministry said. The outage hit schools, hospitals, and factories around the country, which Power minster Khurrum Dastigir said was caused...
New Delhi: Sterlite Power on Monday said it has bagged orders worth Rs 3,800 crore in the first three quarters of this fiscal, which is 90 per cent higher than a year ago. The orders were bagged by the 'solutions'...
The EU is on the brink of effectively severing ties with its biggest external diesel supplier when sanctions on imports of refined fuel from Russia take effect early next month. The move, which will be co-ordinated with a G7-backed global...
Bids to take over the debt-laden 600-MW SKS Power Generation plant are in a tight range, setting the stage for a close contest between the bidders that include two of the country's biggest conglomerates - the Adani Group and Reliance...
Britain’s electricity system operator will pay households to use less power during early Monday evening and has also put three emergency coal-fired power units on standby as large parts of the country are gripped by freezing weather.National Grid said on...
