Industry - general

JSW, Japan's JFE to invest Rs5,500-cr in electrical steel venture in Karnataka

JSW, Japan's JFE to invest Rs5,500-cr in electrical steel venture in Karnataka

14 Feb 2024

JSW Steel and Japan's JFE Steel will jointly invest Rs5,500 crore in a steel plant in India to produce electrical grade grain-oriented steel, the companies stated in separate press releases.

Adani group building 1 million tpa copper plant at Mundra, Gujarat

Adani group building 1 million tpa copper plant at Mundra, Gujarat

06 Feb 2024

Adani Group subsidiary Kutch Copper Ltd is investing $1.2 billion to build a copper smelting and refining facility in Mundra, Gujarat.

Manipal Group’s Ranjan Pai saves Byju’s from certain collapse

Manipal Group’s Ranjan Pai saves Byju’s from certain collapse

01 Feb 2024

Beleaguered edtech pioneer Byju’s seems to have found a white knight in Manipal Education and Medical Group’s (MEMG) Ranjan Pai, who has acquired a 40 per cent stake in Byju-owned Aakash Institute.

HPCL commissions 14 tpd compressed biogas plant in UP’s Badaun district

HPCL commissions 14 tpd compressed biogas plant in UP’s Badaun district

01 Feb 2024

Hindustan Petroleum Corporation Ltd (HPCL) has commissioned a 14 tonnes per day compressed biogas (CBG) plant at Badaun in Uttar Pradesh

Saudi govt directs Aramco to limit refining capacity to 12 million barrels a day

Saudi govt directs Aramco to limit refining capacity to 12 million barrels a day

30 Jan 2024

Saudi Arabia's government on Tuesday ordered state oil company Aramco to halt its capacity expansion plan and to rein in production to a sustainable level of 12 million barrels per day (MPD)

MIAL faces residents’ ire as company starts demolition work at Air India colony

MIAL faces residents’ ire as company starts demolition work at Air India colony

27 Jan 2024

Mumbai International Airport Ltd (MIAL) on Thursday initiated demolition of 20 vacant buildings at the Air India Colony, Vile Parle, Mumbai

Zee abandons $1.4 bn ICC cricket rights deal with Disney Star

Zee abandons $1.4 bn ICC cricket rights deal with Disney Star

26 Jan 2024

Zee Entertainment Enterprises Ltd (ZEEL) has walked out of a $1.4 billion deal with Disney Star to take over broadcasting rights

L&T Heavy Engineering wins 'significant' orders in domestic and overseas markets

L&T Heavy Engineering wins 'significant' orders in domestic and overseas markets

23 Jan 2024

L&T Heavy Engineering has bagged a significant order from a key oil and gas customer in Saudi Arabia for a key debottlenecking project.

Starlink gets DoT licence for offering broadband services in India: report

Starlink gets DoT licence for offering broadband services in India: report

23 Jan 2024

Starlink, a communication satellite company owned by Elon Musk’s SpaceX, is reported to have received the Global Mobile Personal Communication by Satellite (GMPCS) licence

Tata Motors to hike car prices by 0.7% from 1 February

Tata Motors to hike car prices by 0.7% from 1 February

22 Jan 2024

Tata Motors has announced plans to effect an increase in prices across its entire passenger vehicle range, including its electric vehicles, by an average 0.7 per cent, effective 1 February.

NTPC Green Energy signs MoUs with GSPC, GPPL for green hydrogen initiatives

NTPC Green Energy signs MoUs with GSPC, GPPL for green hydrogen initiatives

13 Jan 2024

NTPC Green Energy Ltd (NGEL) has signed memoranda of understanding (MoUs) with Gujarat State Petroleum Corporation Ltd (GSPC) and Gujarat Pipavav Port Ltd (GPPL)

COSCO halts shipments to Israel amid Red Sea disruptions

COSCO halts shipments to Israel amid Red Sea disruptions

08 Jan 2024

In a recent development, Chinese shipping giant COSCO has decided to suspend its crucial shipping services to Israel, according to a report by the Israel financial news website, Globes, on Sunday, 7 January 2024.

Freight rates soar as shipping companies skip Red Sea lanes

Freight rates soar as shipping companies skip Red Sea lanes

07 Jan 2024

Shipping rates between Asia and the West have soared on reduced freight capacity as shipping companies change route amidst rising attacks on merchant ships in the Red Sea region.

Isro successfully tests Si-Gr, hydrogen fuel cell batteries on-flight

Isro successfully tests Si-Gr, hydrogen fuel cell batteries on-flight

07 Jan 2024

The Indian Space Research Organisation (Isro) on Monday (1 January 2024) simultaneously tested a high density graphite-silicon cell and a hydrogen fuel cell based power system on board PSL-C58 flight

Isro inserts Aditya-L1 into its halo orbit destination

Isro inserts Aditya-L1 into its halo orbit destination

07 Jan 2024

Indian Space Research Organisation (Isro) today announced the successful insertion of its dedicated solar observation spacecraft, Aditya-L1, into its final destination,

TPEM launches its first Pure EV product, Punch.ev

TPEM launches its first Pure EV product, Punch.ev

06 Jan 2024

Tata Passenger Electric Mobility (TPEM), the EV arm of Tata Motors, on Friday launched Punch.ev, its first offering under the advanced `Pure EV’ architecture – acti.ev (active)

Grasim to issue rights shares at Rs1,812 each to raise Rs4,000 cr

Grasim to issue rights shares at Rs1,812 each to raise Rs4,000 cr

05 Jan 2024

Grasim Industries Limited, the flagship company of the Aditya Birla Group, has come out with a rights issue to raise about Rs4,000 crore.

Isro to launch ESA’s solar probe mission Proba-3

Isro to launch ESA’s solar probe mission Proba-3

05 Jan 2024

European Space Agency (ESA) has selected Indian Space Research Organisation’s Polar Satellite Launch Vehicle (PSLV) to deploy its experimental Project for On-Board Autonomy-3 (PROBA-3) mission.

Isro to launch GSAT-20 satellite aboard SpaceX’s Falcon 9 rocket.

Isro to launch GSAT-20 satellite aboard SpaceX’s Falcon 9 rocket.

05 Jan 2024

NewSpace India Ltd (NSIL), the commercial arm of the Indian Space Research Organisation (Isro), has signed a contract with SpaceX, the space exploration venture of billionaire Elon Musk, for the launch of Isro’s communication satellite GSAT-20.

Brazil's Petrobras brings a third floating platform into production

Brazil's Petrobras brings a third floating platform into production

02 Jan 2024

Brazil’s state-owned oil and gas giant Petrobras on Sunday announced the start of commercial production from the giant Sepetiba floating production, storage, and offloading (FPSO) vessel at its Mero oil field in the pre-salt area of the Santos Basin offshore.

Japanese auto giants to invest $4.34 billion in Thailand's electric vehicle transition

Japanese auto giants to invest $4.34 billion in Thailand's electric vehicle transition

26 Dec 2023

In a significant development for Thailand’s automotive landscape, major Japanese auto manufacturers are set to inject a substantial sum of 150 billion baht into the country over the next five years.

OMCs cut commercial LPG prices by Rs39.50 per cylinder

22 Dec 2023

State-run oil marketing companies (OMCs) on Friday announced a Rs39.50 reduction in the price of commercial cooking gas (LPG) that is sold in 19-kg cylinders, reflecting a fall in international prices.

ISRO: Triumphs and milestones of 2023

ISRO: Triumphs and milestones of 2023

22 Dec 2023

In 2023, the Indian Space Research Organization (ISRO) will have achieved remarkable milestones, solidifying its position in the field of space exploration. Notably, the successful launch of Chandrayaan-3 marked a pivotal moment, showcasing India’s prowess in lunar missions.

India’s installed power capacity to reach 900.42 GW by FY32

India’s installed power capacity to reach 900.42 GW by FY32

16 Dec 2023

The Central Electricity Authority (CEA) has projected addition of a total 517,403 Mega Watts (517.40 GW) installed power generating capacity in India, which will take the country’s installed capacity to a total 900.42 GW by 2031-2032.

ITC consumer goods revenues up 14% in FY23

ITC consumer goods revenues up 14% in FY23

14 Dec 2023

Home-grown consumer goods major ITC Ltd reported a 14 per cent increase in revenues from its packaged consumer goods business in the financial year 2022-23, with income from the cigarettes business also growing.

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