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IMF, World Bank, others warn Middle East war is straining energy supplies
Global economic leaders warned that the Middle East conflict is straining energy supplies and disproportionately impacting vulnerable economies. Disruptions through the Strait of Hormuz are raising concerns over fuel security and market conditions, especially with rising summer demand. The institutions are discussing responses to the war's economic fallout.
Sebi imposes penalty on Suzlon, executives for misstating financials
The Securities and Exchange Board of India has fined Suzlon Energy and its top executives ₹29 crore. This action follows allegations of misleading investors by misstating financial statements between FY14 and FY20. Sebi's investigation revealed questionable transactions, including the sale of a business at an inflated price.
Power storage VGF of Rs 15,000 crore in works
India is planning a significant boost for energy storage. A new viability gap funding scheme is in the works for 112 gigawatt-hour projects. This initiative involves an outlay of around ₹15,000 crore. The plan includes battery storage, pumped storage, and new technology systems. This move aims to enhance energy security and grid stability across the nation.
Sebi slaps ₹29 crore penalties on Suzlon Energy, former executives for financial misrepresentation
Sebi said Suzlon structured transactions between its subsidiaries in a manner that artificially inflated profits, net worth and investor perception, even though the dealings lacked genuine economic substance.
Sebi fines Suzlon Energy Rs 29 crore for misleading financial statements; promoters, executives also penalised
SEBI has fined Suzlon Energy Rs 29 crore and several former executives for misrepresenting financial statements, inflating profits via circular transactions, and failing to disclose contingent liabilities, actions deemed serious violations of market regulations and disclosure norms.
SEBI fines Suzlon Energy $1.68 million for financial misreporting By Investing.com - Investing.com India
SEBI fines Suzlon Energy $1.68 million for financial misreporting By Investing.comInvesting.com India
SEBI penalises Suzlon Energy and its key executives in OMS slump sale case
Besides the ₹15.95 crore on the company, SEBI also imposed penalties on key officials — ₹5.75 crore on Vinod R. Tanti, ₹5.45 crore on Girish R. Tanti, ₹1.5 crore on Kirti J. Vagadia, and ₹30 lakh on Amit Agarwal — bringing total penalties across entities and individuals to over ₹29 crore. Shares of Suzlon Energy ended 0.54% lower at ₹56.99 on the NSE today, May 29.
Sebi imposes nearly ₹29 crore penalty on Suzlon Energy, four others
Sebi fined Suzlon Energy and key executives over alleged disclosure lapses that misrepresented the company's financial position and risks
Nextpower stock surges on Prevalon Energy acquisition By Investing.com - Investing.com India
Nextpower stock surges on Prevalon Energy acquisition By Investing.comInvesting.com India
Hitachi Energy India eyes bigger slice of data centre boom with 'grid-to-rack' push
Hitachi Energy India aims for a significant share of the booming Indian data centre market. The company plans to capture 30% of the industry's spending by offering a comprehensive "grid-to-rack" power solution. This expansion targets the growing demand driven by digital transformation and AI workloads.
Green Energy Stocks Slide As Indian Market Sees Sharp Sell-Off On May 29 - SolarQuarter
Green Energy Stocks Slide As Indian Market Sees Sharp Sell-Off On May 29SolarQuarter
Notification on blending isobutanol with diesel this year: Road secretary V Umashankar
Speaking at the CII Summit on Friday, road transport and highways secretary V Umashankar said since diesel consumption is almost two times that of petrol consumption, the impact of diesel blending will be far greater on our energy security than even petrol blending. The event saw the launch of a CII Knight Frank Report which said cumulative investments of nearly $360 billion in infrastructure development in the country over the last decade has slashed India’s logistics cost to 10-10.7% of GDP in FY 2026, from 13–14% of GDP a decade ago, translating into estimated annual savings of $123–133 billion for the economy.