Power Financial News
08.09 / 01:29
Provident
Platform
SPY
Shell
country
Power
North Korea says it has launched a new nuclear attack submarine to counter US naval power
nuclear attack submarine it has been developing for years, a step leader Kim Jong Un described as crucial in his efforts to build a nuclear-armed navy to counter the United States and its Asian allies. The North's official Korean Central News Agency said the vessel — named "Hero Kim Kun Ok" — is designed to launch tactical nuclear weapons from underwater but did not specify the number of missiles it could carry and fire. In his speeches at the vessel's launching ceremony on Wednesday and an onboard inspection on Thursday, Kim expressed satisfaction that the country has acquired its own nuclear attack submarine to counter the advanced naval assets of the U.S., KCNA said. In July, the U.S.
07.09 / 22:33
07.09 / 22:33
07.09 / 19:51
Target
Aware
Action
country
Power
At Sherpa meet, G20 members agree to phase down unabated coal power
G20 members late Thursday agreed to make an effort towards the “phasedown of unabated coal power”, staying with the text of the Bali declaration on the issue. This was decided at the Sherpa-level deliberations that aim to finalise the text for the Leaders’ Declaration. India’s proposal to expand it to “phase-down of fossil fuel” ran into stiff opposition from Saudi Arabia and Russia, people aware of the deliberations told ET. The “phasedown of coal power”, agreed on in earlier declarations, is in the context of energy efficiency and in line with national circumstances, and does not impinge on India’s energy security, the people said. The cue was taken from the Bali declaration where the phrase “phasedown of unabated coal power” found agreement among all members. The language has also been used earlier in the UNFCCC Glasgow Climate Pact and the Sharm el-Sheikh Implementation Plan. Unabated coal power is generally understood to mean coal power without carbon capture utilisation and storage. There was no mention of a phasedown of coal power at the outcome of the G20 Energy Transition ministerial meeting in July, a prelude to the leaders’ summit.
07.09 / 15:49
07.09 / 15:09
UPS
Provident
Waters
Extreme
social
foreign
Power
Japan prosecutors arrest ex-vice foreign minister in bribery case linked to wind power company
Tokyo prosecutors say they have arrested a former vice foreign minister of Prime Minister Fumio Kishida’s Cabinet on suspicion of accepting more than 61 million yen ($414,000) in bribes from a wind power company in return for his promotion of wind powe...
07.09 / 12:04
COST
UPS
Williams
SUN
Manufacturing
Power
Solar
As Africa Climate Summit promotes solar, off-grid power ramps up below the Sahara
Access to electricity remains a major challenge for over half a billion people in sub-Saharan Africa, and power outages are common even for those who are hooked up to the grid
07.09 / 08:47
UPS
Gap
Power
Backed
week
Rekha Jhunjhunwala-backed IHC and Tata Communications, one other Tata group stock Tata Power touch 52-week high
Stock market today: Three Tata group stocks — Indian Hotels Company, Tata Power and Tata Communications — have hit fresh 52-week high during Thursday deals. Two out of these three Tata group stocks, Indian Hotels Company and Tata Communications belongs to Rekha Jhunjhunwala portfolio. In Indian Hotels company Ltd, Rekha Jhunjhunwala owns 3,00,16,965 shares or 2.11 per cent stake whereas in Tata Communications Ltd Rekha Jhunjhunwala owns 52,34,687 shares or 1.84 per cent stake in the company (as per the shareholding pattern of the company for April to June 2023 quarter).
07.09 / 07:43
UPS
Amazon
COMPOSITE
Discover
Power
Discover the Best Mini Inverters in India for Compact Power Backup Solutions
These mini inverters are specifically designed to keep your WiFi router working, even during power cuts. This article offers a comprehensive overview of these inverters, enabling you to make an informed choice based on your requirements. Once you find your preferred inverter, you can use the given purchase link to place your order.
06.09 / 08:39
COST
UPS
BLOCK
country
Power
Renewables
The bill to get power grids ready for renewables? $1.4 trillion a year
London | The need to build huge amounts of extra electricity transmission capacity worldwide is threatening to become a serious bottleneck in many countries’ push towards renewable energy, consultancy firm BCG has warned.
06.09 / 08:23
Lowe's
NIFTY
Power
fall
Tata Power shares fall 1.02% as Nifty drops
Tata Power Company Ltd. slipped 1.02 per cent to Rs 255.75 in Wednesday's trade.
05.09 / 20:11
UPS
Citi
Entertainment
POT
country
Power
Culture, craft, cuisine: Soft power unleashed
Dilli Haat, New Delhi is all decked up to host the who's who of global politics. The country will focus on 3Cs — culture, crafts, and cuisine — to entertain global leaders at the G20 summit this weekend, officials told ET. Areas in New Delhi that have been transformed with plants and pots include Sardar Patel Marg, Mother Teresa Crescent, Teen Murti Marg, Dhaula Kuan-IGI Airport Road, Palam Technical Area, India Gate C-Hexagon, Mandi House, Akbar Road roundabout, Delhi Gate, Raj Ghat and the ITPO. Thematic murals have been painted on the walls across the city. These include landmarks from India and other G20 member countries such as the Taj Mahal, London Bridge, Leaning Tower of Pisa, Eiffel Tower and Christ the Redeemer. Metro stations have also got a makeover. Almost 10,000 guests will be in the city this week.
05.09 / 19:37
Provident
Power
CEA to be verifying authority for inter-state captive power usage
New Delhi: The power ministry has amended the electricity rules designating Central Electricity Authority (CEA) as the verifying authority for such captive power generation plans, the users of which are located in more than one state. This was the third amendment to the rules in the past few months, whereby government is trying to streamline captive power generation.
05.09 / 18:11
UPS
Provident
Manufacturing
CEO
stage
Power
Solar
Tata Power Renewable Energy to set up 12 MW on-site solar project for Tata Motors in Maharashtra
Tata Power Renewable Energy Ltd (TPREL) will set up a 12 megawatt (MW) on-site solar project at Tata Motors' commercial vehicle manufacturing facility in Maharashtra. In a statement, TPREL said it has already signed a power purchase agreement (PPA) with Tata Motors in this regard. «Tata Motors and Tata Power Renewable Energy Limited (TPREL) have entered into a PPA to develop a new 12MWp on-site solar project at Tata Motors' commercial vehicle manufacturing facility in Pune,» the statement said. The project will generate 17.5 million units of electricity per annum mitigating over 12,400 tonnes of Co2 per annum. «Signing of 12MWp PPA with Tata Motors underlines our critical step forward on the shared goals for a sustainable future.
05.09 / 14:53
UPS
Gap
Strategy
country
Power
Coal ministry says coal stocks ‘adequate’ after power ministry flags shortfall
Coal India Limited stood at 45.33 MT as of August-end, registering a year-on-year growth of 45.66%. "This higher coal stock position indicates commitment of maintaining an ample supply of coal by the ministry of coal and highlights effective stock management strategies and operational efficiency," the ministry said.
05.09 / 12:49
BMW
Qualcomm
Power
Qualcomm to power luxury car infotainment systems for Mercedes and BMW. Here's how
Indian market. The statement said, “Qualcomm Incorporated today announced the appointment of Savi Soin as senior vice president and president of Qualcomm India," reported PTI. (With inputs from Reuters)
05.09 / 11:17
UPS
Enterprise
SENSEX
PTC
KPI
Power
Stock market update: Power stocks down as market rises
Indowind Energy(up 4.92%), JSW Energy(up 4.17%), NHPC(up 2.73%), Reliance Power(up 1.28%), PTC India(up 1.21%), NLC India(up 1.02%), Voltamp Transformers(up 0.94%), GE Power India Limited(up 0.85%), Hitachi Energy India(up 0.56%) and Alstom T&D India(up 0.49%) stood among the top gainers. RTNPOWER(down 4.51%), KPI Green Energy(down 2.78%), KEC International(down 2.64%), Inox wind(down 2.50%), CESC(down 2.19%), Suzlon Energy(down 2.07%), Transformers and Rectifiers(India)(down 1.64%), SJVN(down 1.54%), Jaiprakash Power Ventures(down 1.16%) and Orient Green Power Company(down 1.08%) were among the top losers of the day. The NSE Nifty50 index ended 46.1 points up at 19574.9, while the 30-share BSE Sensex closed up 152.12 points at 65780.26. Apollo Hospitals Enterprise Ltd.(up 3.3%), Coal India Ltd.(up 3.04%), Sun Pharmaceutical Industries Ltd.(up 2.07%), Bharat Petroleum Corporation Ltd.(up 1.59%), Bajaj Auto Ltd.(up 1.38%), ITC Ltd.(up 1.28%), Titan Company Ltd.(up 1.15%), LTIMindtree Ltd.(up 1.12%), Bajaj Finance Ltd.(up 1.02%) and Nestle India Ltd.(up 0.99%) stood among the top gainers in the Nifty pack. On the other hand, UltraTech Cement Ltd.(down 1.48%), Dr.
05.09 / 10:47
BLOCK
Parke
stage
Power
Bengaluru to face scheduled power cuts till 7 September. Check list of affected areas here
Gkw Layout, Suvarana Layout, Anubhavanagar, Priyadharshini Layout, Pf Layout, Shivananda Nagar, 1st, 2nd, 3rd Main, Industrial Town, A. D. Halli, Kuvempu Rangamandira Park, Veerabhadreshwara Theatre, part of Beml Layout, Manivilas Garden, Ngo's Colony, Kamalanagar Govt.
05.09 / 05:07
04.09 / 20:05
Mining
Bitcoin
Power
Consumption
index
Cambridge University's Bitcoin Mining Index Gets an Upgrade for Precise Power Consumption Analysis – Here's the Latest
The Bitcoin Electricity Consumption Index (CBECI), developed by researchers at Cambridge University’s Centre for Alternative Finance (CCAF), has been upgraded to reveal new information about Bitcoin mining’s global energy consumption.
04.09 / 19:07
UPS
MET
Gap
country
Power
Coal stocks at power plants depleting on demand surge
Coal stocks at power plants fell by over 6 million tonnes since July end as peak power demand rose exponentially through August amid deficient rainfall and sultry weather. Coal stocks at power plants stood at 28.9 million tonnes as on Friday against 35.2 million tonnes on July 31, as per data from the national power portal. «There are concerns with regards to the current level of coal stocks, but it is not an alarming situation,» a government official told ET. The government on Friday asked power generation companies to import 4% of their coal requirement till March 2024.
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