Power Financial News

Karnataka Budget LIVE Updates: Karnataka's Chief Minister Siddaramaiah is set to present the state budget today at 12 pm. This budget holds significance as it is the first since the Congress party assumed power in the state after the May 10 election.It is the second budget of the 2023-24 fiscal year and is expected to outline the specific allocation required to fulfil the five pre-poll guarantees made by the Congress party.The budget will also prioritize strategies for increasing revenue generation.

₹60,000 crore annually. The Chief Minister had already said that some strict austerity measures will be announced. He has hinted that the size of the budget this year could be about ₹3.35 lakh crore.

Narendra Modi and Home Minister Amit Shah is behind him and the alliance government in Maharashtra is only getting stronger with Ajit Pawar’s joining. “Our government is only getting stronger. I have [the] power of PM Modi and Amit Shah behind me," said Eknath Shinde, adding, “Our government has become even stronger with the joining of Ajit Pawar." Eknath Shinde said nobody in Shiv Sena was unhappy over NCP leader Ajit Pawar’s inclusion in the state ministry.

Despite a decade of firms investing in technology to automate back-office busy work, many financial advisors feel as if they still don’t have enough time to spend with clients.

Dubai | London | Saudi Arabia plans to launch a multibillion-dollar investment company to expand its sports interests following its power grab in golf and success in English soccer, according to two people familiar with the matter.

Inox Wind Energy(up 8.32%), Reliance Power(up 6.97%), SJVN(up 6.48%), Gujarat Industries Power(up 5.70%), Torrent Power(up 5.33%), CESC(up 4.24%), Inox wind(up 3.80%), KEC International(up 3.28%), JSW Energy(up 3.02%) and Hitachi Energy India(up 2.74%) were among the top gainers. Suzlon Energy(down 2.87%), Alstom T&D India(down 1.88%), KPI Green Energy(down 1.43%), Jyoti Structures(down 1.14%), Orient Green Power Company(down 0.87%), PTC India(down 0.75%), Energy Development Company(down 0.27%) and NLC India(down 0.14%) were among the top losers.

Tamasha (mockery)’. He also pointed out that the entire episode does not involve people but ‘loaves of power’. He took to Twitter to say, Maharashtra Politics.

PSPCL) has offered ₹1,080 crore to lenders to acquire GVK Power (Goindwal Sahib) that is undergoing corporate insolvency resolution, said people aware of the development. The offer from the state power distribution company equates to a 16% recovery of the claims filed by lenders with the resolution professional (RP). Ravi Sethia, the RP backed by KPMG, did not respond to ET's request for comments.

Tata Power on Wednesday announced bagging a smart metering project worth Rs 1,744 crore in Chhattisgarh. The order has been awarded by Chhattisgarh State Power Distribution Company Limited (CSPDCL), Tata Power said in a statement.

Supreme Court on Wednesday sought responses from the Centre and others, including the Indira Gandhi National Open University (IGNOU), on a plea arising out of a Madras High Court judgement that upheld the primacy of the UGC in deciding the regulations for conducting distance education programmes. Though the January 20, 2023 judgement by a division bench of the high court largely favoured the University Grants Commission (UGC), it was aggrieved by a part of the order which said the statutory body's communication of 2012 will not have retrospective effect.

Genus Power Infrastructures Ltd (Genus Power) experienced a significant surge on Wednesday's trading session. The small-cap stock has hit a 20% upper circuit on BSE.

Sharad Pawar-led faction has also submitted a caveat to the Election Commission and urged it to give them a hearing before passing any directive with respect to the NCP. While referring to the rebellion in the Shiv Sena by Eknath Shinde, Sharad Pawar said that what happened to Uddhav Thackrey is being repeated.

Tata Power Company Ltd. traded 0.95 per cent up at Rs 222.7 on Wednesday at around 12:35PM (IST), while the benchmark BSE Sensex declined 62.22 points to 65416.83. As many as 215,630 shares changed hands on the counter with a total value of Rs 4.79 crore.

Suzlon Energy(up 8.93%), Energy Development Company(up 5.85%), Power & Instrumentation(Gujarat)(up 4.90%), KEC International(up 3.02%), JSW Energy(up 1.83%), NTPC(up 1.46%), Orient Green Power Company(up 0.86%), CESC(up 0.62%), Inox wind(up 0.40%) and ADANIGREEN(up 0.33%) stood among the top gainers. Jyoti Structures(down 4.52%), Transformers and Rectifiers(India)(down 4.50%), Voltamp Transformers(down 3.23%), Torrent Power(down 2.52%), Karma Energy(down 2.47%), NLC India(down 2.41%), Indowind Energy(down 2.39%), Reliance Power(down 2.33%), KPI Green Energy(down 2.18%) and RTNPOWER(down 1.89%) were among the top losers of the day.

Tata Power Company Ltd. dropped 0.25 per cent to Rs 221.2 at 01:06PM (IST) in Tuesday's trade.

Suzlon Energy(up 7.14%), Energy Development Company(up 5.85%), Power & Instrumentation(Gujarat)(up 4.10%), KEC International(up 2.47%), Inox wind(up 2.29%), JSW Energy(up 2.06%), RTNPOWER(up 1.89%), CESC(up 1.24%), Alstom T&D India(up 1.08%) and Inox Wind Energy(up 0.94%) were among the top gainers. Jyoti Structures(down 3.39%), NLC India(down 1.77%), Reliance Power(down 1.67%), Transformers and Rectifiers(India)(down 1.43%), KPI Green Energy(down 1.20%), Jaiprakash Power Ventures(down 0.79%), PTC India(down 0.74%), GE Power India Limited(down 0.74%), SJVN(down 0.59%) and NTPC(down 0.13%) were among the top losers.

Genus Power Infrastructures Ltd share price touched a new 52-week high and gained over 11% on Tuesday's trade After receiving an order worth ₹2,207.53 crore on Monday. Genus Power Infrastructures shares opened at ₹145.75 apiece on BSE. The stock hit an intraday high of ₹149.65.  In a filing with the exchange, the company stated that it had received a letter of award for ₹2,207.53 crore for the appointment of Advanced Metering Infrastructure Service Provider (AMISP), which included design of AMI system with supply, installation, and commissioning of 27.69 lakhs smart prepaid metres, feeder metres, DT metre level energy accounting, and FMS of these 27.69 lakhs smart metres.

NEW DELHI : Go Airlines (India) Ltd will likely induct CFM engine-fitted Airbus A320 family aircraft when the bankrupt airline resumes flight operations as these have proven to be more reliable for the airline in the past, two people aware of the development said. “The airline is open to evaluating the CFM option, and preliminary discussions have taken place on the matter in view of the current scenario," one of the officials cited above said, requesting anonymity. CFM engines are produced by CFM International, an equal joint venture between France’s Safran Group and General Electric Co.

Torrent Power on Monday said it has started work on a Green Hydrogen pilot project for blending with natural gas in the city gas distribution (CGD) network. The pilot project, based on Alkaline Electrolyzer and expected to complete in 8 months, will blend ~2.5% GH2 into CGD network, marking an important milestone in the company's foray into GH2 business in India.

New Delhi: Torrent Group’s integrated power utility, Torrent Power Limited has embarked on a path-breaking initiative aimed at a greener future by commencing work on a pilot project for blending green hydrogen (GH2) with natural gas in its city gas distribution (CGD) network.  The project, slated for completion within eight months, represents a significant stride in Torrent Power’s foray into the GH2 business in India, underlining its commitment to fostering a cleaner and more sustainable energy mix. “The ambitious pilot project, utilizing an Alkaline Electrolyzer, aims to blend approximately 2.5% GH2 into the CGD network, positioning it as one of the most substantial private sector blending initiatives in the country," the company said in a press release.

Retail investors—the very people who helped propel Robinhood to prominence in online trading—may have also been the ones who took the shine off the company’s initial public offering.