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Federal Bank, Indian Bank, MCX & Nalco in MSCI Global
Global index provider MSCI has announced significant changes to its indices. Federal Bank, Indian Bank, Multi Commodity Exchange of India, and National Aluminium Company are set to join the Global Standard Index. This move is anticipated to bring substantial investment into these stocks. Adani Energy Solutions will not be added due to surveillance measures.
India working on subsea gas pipeline project: Oman route plan to help mitigate risks brought to fore by Hormuz Strait block
India is fast-tracking a deep-sea gas pipeline from Oman. This project aims to ensure steady gas supplies and reduce reliance on volatile LNG markets. The estimated ₹40,000 crore pipeline will connect Oman to Gujarat. It is expected to take five to seven years to build. This move addresses India's energy security concerns and its vulnerability to maritime choke points.
India holds inter-ministerial meeting to speed up battery storage and grid upgrades
During a crucial summit, leaders examined effective pathways to accelerate the deployment of battery storage technologies. The dialogue included vital topics such as enhancing transmission capacities and the potential of variable time-of-day pricing. These approaches are strategically aimed at amplifying the adoption of renewable energy and reinforcing the stability of the power grid.
Aditya Birla group, KKR left in race for Sprng Energy
Aditya Birla Group and KKR are vying to buy Shell's renewable energy firm Sprng Energy. Binding financial bids are in, and Shell will negotiate with the top two contenders next week. India's National Investment and Infrastructure Fund and Actis are out of the running. The deal could be worth around $2 billion. Shell is reviewing strategic options for Sprng Energy.
Coal Gasification Scheme worth Rs 37.5k cr cleared to fortify energy security
Financial support to developers will be provided at a maximum of 20% of the cost of plant and machinery through a competitive bidding process, where incentives will be disbursed in four equal instalments linked to project milestones. The incentive for a project will be capped at Rs 5,000 crore and for any single product, except synthetic natural gas and urea, will be capped at Rs 9,000 crore. Incentive for a single entity group will be capped at Rs 12,000 crore across all projects.
Fervo Energy shares soar 33% in Nasdaq debut By Investing.com - Investing.com India
Fervo Energy shares soar 33% in Nasdaq debut By Investing.comInvesting.com India
Weeks, Not Months: Iran 'Frighteningly Close' To Nuclear Weapon, US Energy Secy Warns
File image of US Energy Secretary Chris Wright
Ahead of Market: 10 things that will decide stock market action on Thursday
Domestic equity benchmarks ended marginally higher after four sessions of losses, supported by gains in metal, energy and consumer stocks. Analysts cautioned that bearish technical indicators and resistance near key levels could keep markets volatile, while broader sentiment remained tilted toward selective selling pressure.
Market Trading Guide: Buy SAIL, Hindustan Copper on Thursday for gains up to 9%
Nifty snapped its four-session losing streak with modest gains led by metals, energy and consumer stocks, though bearish momentum persisted technically. Analysts identified SAIL and Hindustan Copper as promising buy opportunities, citing breakout patterns, improving momentum indicators and favourable price structures for near-term upside potential.
PM Modi's UAE Visit To Push Energy Security; Pacts Likely On LPG, Petroleum Reserves: Sources
PM Modi and UAE President Sheikh Mohamed bin Zayed are expected to discuss energy security and oil supply stability.
Va Tech Wabag and PEAK to co-develop Bio-CNG plant in Ghaziabad
Va Tech Wabag (WABAG) and PEAK Sustainability Ventures (PEAK) announced the development of their first Bio-CNG plant in Ghaziabad, Uttar Pradesh. This Project marks the first milestone under their waste-to-energy initiative announced on 29 January 2024, with a shared vision to establish 100 Bio-CNG plants at sewage treatment facilities across India and other markets.
Clean Max Enviro Energy shares surge 7% after strong Q4 earnings; up 70% in under 2 months
Clean Max Enviro Energy Solutions shares rose 7% to ₹1,309 after strong March quarter results, with 25% revenue growth. Net profit surged 165% to ₹45.4 crore, driven by renewable energy sales, especially from the data and AI segment, which now contributes 42% to its portfolio.