India Financial News

Coal: The challenge in weaning away from coal for power generation (accounts for 75% generation, 50% carbon emission) lies in developing round-the-clock (RTC) alternate supplies at affordable prices. While solar tariffs are competitive, for the short to medium term, the complementing low-carbon capacities for RTC supplies are currently expensive (battery), or risk laden (hydel resources). The supply security in meeting the rising demand is equally important.

NEW DELHI : With the taxman coming under fire for filing late appeals, experts say there is an urgent need for a strong tax dispute resolution mechanism to simplify litigation and ensure timely closure of the cases. On 10 July, Chief Justice of India D.Y. Chandrachud rejected the income tax department's appeal against a Delhi high court order in favour of Xerox India because the plea was filed 215 days late.

part 2 of this analysis) is helping them shake off debt, leaving them with healthier balance sheets and more room to take risks. We explain this key finding from our analysis in the third part of the series. Before unveiling India Inc’s loss of appetite for loans, a trip back to 2022-23 is in order.

inflation. According to the latest notification, petrol prices have increased by 9.99 Pakistani rupees per liter, setting the new price at Rs 275.60 per liter. High-speed diesel prices have also risen significantly, with an increase of 6.18 Pakistani rupees per liter, bringing the new price to Rs 283.63 per liter. This rise in petroleum prices is expected to have a cascading effect on the cost of goods and services, further straining household budgets and impacting economic stability. In contrast, petrol and diesel in India are retailing at Rs 94.72 per liter and Rs 87.62 per liter respectively, based on Delhi rates. Currently, one Indian rupee is equivalent to 3.32 Pakistani rupees in currency market.

₹30,000 this month.Among the latest contenders is the OnePlus Nord 4, which has quickly made its mark in this segment. It boasts a 6.74-inch AMOLED display with a 120Hz refresh rate, and is powered by Qualcomm's Snapdragon 7+ Gen 3 chipset.

Viksit Bharat. This approach will strengthen India’s global competitiveness by driving rapid decarbonization and digitization across the entire economy. This can help India leapfrog to the global production frontier and enable us to compete successfully with the world’s leading economies such as the US and China.

solar power generation. While the cost of photovoltaic cells has come down dramatically, electricity generation is limited to the period when the sun shines. In a year, this works out to around 18-20% utilization of the panels, compared to 80% for a coal-fired plant.

₹2.39 lakh, but the price of this new Royal Enfield model can go up to ₹2.54 lakh (ex-showroom). Notably, it is the second model to be based on the Sherpa 450 platform after Royal Enfield's Himalayan. The Guerrilla 450 looks perfect for a roadster, with a stripped retro design and some interesting colour options.The Royal Enfield Guerrilla's price starts at ₹2.39 lakh and can go up to ₹2.54 lakh (ex-showroom).

Delhi-Mumbai expressway project, touted as a game-changer for Indian infrastructure, faces significant delays primarily due to land-related challenges in Gujarat. According to Times of India sources, two crucial segments totaling 62 kilometers in Gujarat only saw bidding commence in November 2023, while construction on one of these segments began in April this year, and the other started just this month. Initially slated for completion by January 2023, the project has encountered multiple setbacks, pushing the revised target to March 2024, which has also been missed. Sources reveal that constructing each stretch requires a minimum of eighteen months. To expedite progress, the project was divided into smaller 'packages' for faster execution. Officials assure that all outstanding land acquisition issues are being actively addressed. Presently, approximately 630 kilometers of the total 1,386 kilometers have been opened to traffic in various segments. Notable sections include Sohna-Dausa-Sawai Madhopur (293 km) and Jhalawar-MP/Gujarat border (245 km). Authorities express confidence that the 845-kilometer stretch from Sohna to Vadodara will be fully operational by March 2025. Subsequent sections, crucially linking to Mumbai's JNPT port, Jewar Airport in Uttar Pradesh, and Delhi's DND Flyway, are expected to follow suit.

www.beautyandyouawards.com. Winners will be announced on November 16, 2024, at a live event in Goa. The 2024 program builds on the success of previous years with the theme of Supercharged Futures.

Karnataka expressed their apprehensions about the new Bill approved by the cabinet that mandates 100 per cent reservation for Kannadigas in «C&D» grade government jobs, state Commerce and Industries Minister MB Patil said that they will have wide consultations, resolve the confusion and ensure that interests of Kannadigas are protected along with those of industries. «I have seen that many people have apprehension regarding this...We will resolve this confusion...We will sit with the CM and resolve this so that it does not have any adverse effect...,» Patil said speaking to on Wednesday. «Keeping the interests of #Kannadigas paramount, I will discuss this issue with the Hon'ble CM Sh @siddaramaiah, IT-BT Minister, Law Minister, and Labour Minister. We will have wider consultations. We will ensure that the interests of Kannadigas are protected, alongside those of the industries,» Patil said in a post on 'X'.

Panasonic Avionics on Wednesday opened a new software design and development facility in Pune. The new facility, inaugurated by the Minister of State for Civil Aviation, Murlidhar Mohol, is the first in the country by Panasonic Avionics Corporation dedicated to supporting the development and delivery of IFEC solutions. The facility employs over 200 skilled engineers in the beginning with growth plans in place to scale it up further to support the increasing demand from airlines for these solutions, the company said.

Indian CAPF and special commando force dogs are in France to provide a counter-terrorist and anti-sabotage security cover to various venues of the Paris Olympics slated to open next week, official sources said on Wednesday. The ten Indian K9 (canine) teams will undertake sniffing and patrolling duties at various venues that will hold events for the Paris Olympics. They have been given a special 10-week training for this first-ever kind of collaboration of canine squads between the Indian and the French government, a security officer told PTI. The teams along with their handlers are drawn from the central armed police forces (CAPFs) like the Central Reserve Police Force (CRPF), Sashastra Seema Bal (SSB), Indo-Tibetan Border Police (ITBP) force apart from the elite federal contingency commando force National Security Guard (NSG) and the Assam Rifles.

Though infrastructure is financed jointly by central, state and local governments through grants and transfers, the operational and maintenance costs must be met by the cities. However, these cities are already struggling with limited municipal revenues. Accordingly, the basic urban infrastructure in India is poorer than those in the OECD and BRICS nations.

The head of upcoming climate negotiations is telling world leaders that a new financial aid package for poor and disaster-struck nations is the urgent and make-or-break goal of United Nations talks this fall

aerospace major Pratt & Whitney on Wednesday announced the establishment of a new Customer Service Centre (CSS) in Bengaluru. As part of the company's India Capability Centre, the new facility will drive customer service and operations support for Pratt & Whitney Canada's 68,000 engines in service globally, the company said. Co-located with Pratt & Whitney's supply chain operations, engineering, and digital transformation centres of excellence in India, CSS will deliver a range of services such as MRO support, spare part management, engine leasing, engine reliability analysis and contract administration. The facility will employ over 150 aerospace experts and engineers who will support a global customer service ecosystem, it added.

Watertech startup Boon has raised $5 million in a funding round led by Spanish Roca Group Ventures, its first-ever investment in India, with participation from others. The fundraise was a mix of equity and debt. Cofounded by IIT Kanpur alumnus Vibha Tripathi and Advait Kumar in 2015, Boon (formerly known as Swajal) is a technology startup focused on remote water purifying, monitoring and dispensing products.

The International Monetary Fund has upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

Indian national was among six people killed in a rare shooting attack by Islamic State militant group near a Shia Muslim mosque in Oman's capital. The shooting on Monday night near the Imam Ali Mosque also claimed the lives of one policeman and four Pakistan nationals, while injuring 28 others. «Following the shooting incident reported in Muscat city on July 15, Foreign Ministry of Sultanate of Oman has informed that one Indian national has lost his life & another is injured,» Embassy of India in Muscat posted on X Tuesday. «Embassy offers its sincere condolences & stands ready to offer all assistance to the families,» it said.

developers globally are already using Gemini, Google's suite of multimodal AI models, with India boasting of one of the largest user bases on the tech giant's developer platform Google AI Studio, Manish Gupta, director, Google DeepMind told ET on Monday. He is in the city for Google I/O, the regional variant of the company's annual developer conference being held on Tuesday.

anganwadi coverage is high starting at age 3 and remains high till well after age 5. In others, private pre-schools dominate even in rural areas. In still others, government primary schools have included pre-primary grades.