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Russia's diesel export ban deepens global supply crunch
Russia's diesel export ban has significantly impacted global energy markets. This action exacerbated existing fuel shortages and drove prices higher worldwide. European gasoil futures reached record highs against Brent crude oil. The United States also saw diesel futures jump substantially on Wednesday. These events highlight the interconnectedness of global oil supply chains.
iPhone 17 models fly off shelves on price hike fears: Online discounts on limited stocks of base model also lead to sharp rise in purchases
iPhone 17 models are experiencing shortages across retail and online platforms. This surge is driven by expectations of price increases and reduced supply. Retailers are actively informing consumers about potential upcoming price hikes. Market trackers note increased demand for iPhone 17 models in the current quarter. Apple has recently increased prices on other product lines.
IMFA plans shift in production site to save Rs 100 crore in costs: Company aims for output of 400,000 tonnes in current fiscal year
Indian Metals and Ferro Alloys (IMFA) is set to achieve substantial cost reductions and boost its production. By relocating operations from Therubali to Kalinganagar, the company aims for a remarkable output increase of nearly ninety percent over the next two years. The Therubali facility will repurpose to accommodate a new ethanol production unit, enhancing overall operational capabilities.
IREDA declares Gensol Engineering, Gensol EV Lease accounts as fraud; reports to RBI
Shares of Indian Renewable Energy Development Agency Ltd ended at ₹126.40, up by ₹4.65, or 3.82%, on the BSE.
Adani Green's Q1 energy sales surge 30% on higher renewable capacity
Adani Green Energy's operational renewable capacity rose 27% year-on-year to 20,142 MW, while electricity generation climbed 30%, driven by new projects and the continued expansion of its Khavda renewable energy park.
Exide's Bengaluru lithium-ion cell plant to generate revenue from Q3: CEO
Exide Industries expects its Bengaluru lithium-ion cell plant to generate revenue from the third quarter. The company has invested significantly and will invest more to complete the first phase of this project. Initially, the plant will supply domestically manufactured battery cells for electric vehicles and energy storage. Commercial supplies for stationary lithium battery applications are also targeted from the third quarter.
JSW Cement eyes 60 MTPA capacity as it targets top-five position in India
JSW Cement plans a significant expansion to reach sixty million tonnes capacity. The company will ramp up capacities and enter new markets simultaneously. It aims to strengthen its GGBS business and improve cost competitiveness. Digital adoption and sustainability initiatives will also be accelerated. JSW Cement projects itself as a pan-India company with future growth.
JSW Energy bags ₹444 crore battery storage order from Bondada Renewable
The order from Bondada Renewable covers 200 MW/400 MWh of battery energy storage systems and power conversion solutions, strengthening JSW Energy's push into the fast-growing energy storage market.
Iran Warns Israel 'Will Not Be Spared' As Tehran Threatens Retaliation Over Infrastructure Strikes
Shia Muslim mourners carry portraits of late Iranian Supreme Leader Ayatollah Ali Khamenei in Srinagar on Thursday during special prayers on the occasion of his burial.
Nearly 210 new-age firms ready for public markets in next 2 years: Redseer
Redseer projects nearly 210 new-age firms will be ready for IPOs over the next two years, with listed companies' market capitalisation expected to reach $1 trillion by 2030
Pace Digitek arm inks BESS supply agreement
Pace Digitek announced that its material subsidiary, Lineage Power, has entered into a memorandum of understanding (MoU) with Bondada Renewable Energy for the supply of Battery Energy Storage Systems (BESS).
India's non-fossil fuel-based energy capacity rises 22% to 297.36 GW in June
India's non-fossil fuel energy capacity reached 297.36 GW in June. This represents a significant year-on-year increase of over twenty-two percent. Solar energy capacity grew substantially to 162.15 GW from 116.25 GW. Wind energy also saw an increase, contributing to the overall clean energy expansion. The nation continues its accelerated progress towards ambitious clean energy goals.