Waters Financial News

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.

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Chemicals distributor Redox’s $1.3 billion initial public offering on Monday was the first ASX listing north of $100 million in more than a year, leaving bankers hopeful the deal will coax more floats from Australia’s capital markets pipeline.

Markets were resilient last week in the face of extreme volatility and high volume after an army of retail investors on Reddit banned together to buy GameStop shares and force a short-squeeze among hedge funds, regulators said Thursday. However, regulators said they still want to take a closer look at trading practices to ensure markets are fair for all investors—with an emphasis on all.

This year Sawan will last for 59 days, from July 4 to August 31. July 10 marks the first fasting Monday of the period this year while August 28 marks the last Monday fast of the period. To obtain the blessings of Lord Shiva and Parvati, people keep 'Sawan Somwar' fasts.

3M (MMM) announced it will stop manufacturing and work to eliminate its use of so-called “forever chemicals” by the end of 2025.

London-basedhedge fund Marshall Wace has been doing some heavy hiring. And not just of analysts and portfolio managers.

Going to the right university is as important to your potential career in finance as drinking water, eating food, or even breathing. But which universities are best? It’s a question that has plagued students for years.

Thames Water’s travails this week are shining a harsh light on what has hitherto been a highly lucrative place to work: Macquarie's European infrastructure business. 

Mahindra Lifespaces Developers Ltd (MLDL), the real estate and infrastructure development business of the Mahindra Group, today announced its foray into plotted developments. The brand unveiled its first plotted development project ‘Lakefront Estates by Mahindra’ at Mahindra World City (MWC), Chennai.

Maharashtra's political waters have been muddied so much in recent years that there is little clarity on the political prospects of different leaders and parties. Ever since the elections in Maharashtra in 2019, the state politics has been on a roller-coaster ride — the BJP's failed attempt to form a government with Ajit Pawar, a leader of its opponent NCP, as deputy CM; the unlikely emergence of the Maha Vikas Aghadi (MVA) when Shiv Sena allied with opponents — the NCP and the Congress; the splitting of Shiv Sena and the ascendency of rebel Eknath Shinde as the CM with BJP support; and now Ajit Pawar joining the Shinde-Fadnavis government as a deputy CM. By effecting a vertical split in his party, has the BJP been able to bring NCP leader Sharad Pawar down from his powerful perch in state politics? Or does Pawar have some new trick up his sleeve?

Years long negotiations are reaching a critical point where the authority will soon need to begin accepting mining permit applications, adding to worries over the potential impacts on sparsely researched marine ecosystems and habitats of the deep sea. Here's a look at what deep sea mining is, why some companies and countries are applying for permits to carry it out and why environmental activists are raising concerns.WHAT IS DEEP SEA MINING? Deep sea mining involves removing mineral deposits and metals from the ocean's seabed.

Nathan's Hot Dog Eating Contest 2023 is sure to witness participation in large numbers on the Fourth of July holiday. The annual American hot dog eating competition makes the occasion full of joy at a time when many bonfires, fireworks, county fairs, pool parties and barbecues are held.

Ajit Pawar is back to the post by splitting the party, in a stunning turn of events in the state politics. Pawar, who was also the deputy CM in the previous Uddhav Thackeray-led Maha Vikas Aghadi (MVA) government, which was in power from November 2019 to June 2022, enjoys the image of a grassroot leader and an able administrator.

Kejriwal on Sunday alleged the amount of «loot» by the Narendra Modi government in the last nine years surpassed the loot of India committed by Britishers in 250 years during their rule. Addressing a public rally at Bilaspur in Chhattisgarh, where Assembly elections are due by this year-end, Kejriwal also targeted the Congress for «looting» the country over 75 years. He appealed to people to vote Aam Aadmi Party to power to rid Chhattisgarh of corruption.

Mumbai-Ahmedabad High Speed Rail Corridor, popularly called the bullet train project, said work was progressing swiftly and cited the construction of three river bridges in one month in Gujarat. Officials of the National High Speed Rail Corridor, which is constructing the high speed corridor, said four out of the 24 bridges have been built in the past six months.

CBI is investigating the role of several people who allegedly helped former WAPCOS CMD Rajinder Gupta, arrested after the seizure of Rs 38 crore in cash from his premises, in purchasing properties worth crores by procuring demand drafts and pay orders in exchange for cash, the agency said its charge sheet. In the charge sheet filed before a CBI special court recently, the agency has alleged that Gupta amassed assets disproportionate to his known sources of income during his tenure as CMD of WAPCOS, a central public sector enterprise, from April 1, 2011 to March 31, 2019. The charge sheet filed under relevant provisions of the Prevention of Corruption Act and IPC Sections 109 and 201 (destruction of evidence) has named Gupta and his wife, Reema Singal, as accused.

octopus nursery off the coast off Costa Rica, over 2,800 meters beneath the sea surface. This is the third known brooding site discovered ever. This discovery also reinforced the idea that some species of deep-sea octopus seek out low-temperature hydrothermal vents for brooding their eggs.

AAP) has expressed its desire to field candidates in all 60 assembly constituencies and two Lok Sabha seats in Arunachal Pradesh in the general elections next year. AAP state unit general secretary Toko Nikam told reporters that the party is committed to providing free water, electricity, medical facilities ut Rs 10 lakh and world class education if they come to power in the northeastern state in 2024. Nikam said that if elected to power, the AAP will repeal the controversial Arunachal Pradesh Unlawful Activities (Prevention) Act (APUAPA) of 2014 and the Arunachal Pradesh Freedom of Religion Act of 1978. Protests erupted in the northeastern state after the state government booked 40 people under the APUAPA in connection with a 72-hour bandh call in the state capital this year. Many organisations demanded that the state government repeal the Act which was enacted in 2014 by the Nabam Tuki-led Congress government in the state.

Sabarmati Riverfront has become the soul of social and cultural activities in Ahmedabad, Union Home Minister Amit Shah said on Sunday as he virtually launched the 'Akshar' cruise on the river that cuts through the city. Addressing a gathering through video conference, Shah lauded Prime Minister Narendra Modi, saying when the latter was the chief minister of Gujarat, he took many initiatives which helped in increasing the tourist footfall in the state. Shah said when he shifted to Ahmedabad in 1978, he never went to see the Sabarmati river until the riverfront was constructed. The river was then nothing more than a pit of dirty water, he recalled. «As the then Gujarat chief minister, Prime Minister Modi for first time imagined a riverfront and planned for it, and it was constructed during his duration (as CM). The riverfront became known not just in Ahmedabad but also across the country and abroad and became a centre of tourism,» Shah said. «It has become a centre of various activities. Walkers take a stroll in the morning, senior citizens in the evening, and children and youth play here. Today, the riverfront has become the soul of social and cultural activities on both sides (of the river) of Ahmedabad,» he said during the virtual inauguration.

Adani Enterprises, Mphasis, Biocon, Ashok Leyland, and Axis Bank will trade ex-dividend, while Kansai Nerolac Paints and Aptech will trade ex-bonus this week. The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout.