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RBI governor Shaktikanta Das, during a meeting with the MDs and CEOs of public sector banks, acknowledged the important role being played by PSBs in extending various banking facilities including credit facilities to individuals and businesses while tackl ....
Of this personal income tax refunds worth Rs 7,458 crore has been issued in over 14.98 lakh cases. Corporate tax refunds of Rs 17,334 crore have been issued to 43,661 taxpayers ....
Welspun Enterprises announced that its JV with Adani Group, Adani Welspun Exploration (AWEL) struck substantial quantities of gas and condensate at three reservoir levels following the drilling of an exploratory well in the NELP-VII area (MB-OSN-2005/2) in March 2021. The pay zones and flow rates encountered have exceeded AWEL s initial estimates. Out of the three potential zones identified two objects were tested by Drill Stem Testing (DST) , flowed substantial gas and condensate to surface. Object -I (3m) a clean sandstone reservoir flowed 9.7 million standard cubic feet per day (mmscfd) of gas along with 378 barrels /day of condensate through a 28/64 choke with a flowing tubing head pressure (FTHP) of 2659 psi. Object -II (15m) another thick clean sandstone reservoir flowed 9.1 mmscfd of gas along with 443 barrels /day of condensate through a 28/64 choke with a FTHP of 2566 psi. ....
Nifty Metal index closed down 3.76% at 5091.35 today. The index has added 17.00% over last one month. Among the constituents, Jindal Steel & Power Ltd fell 8.61%, NMDC Ltd dropped 8.47% and Adani Enterprises Ltd shed 5.09%. The Nifty Metal index has increased 197.00% over last one year compared to the 60.54% spike in benchmark Nifty 50 index. In other indices, Nifty Realty index has slid 3.19% and Nifty PSE index has dropped 2.33% on the day. In broad markets, the Nifty 50 has slid 0.13% to close at 14677.8 while the SENSEX witnessed a rise of 0.09% to close at 48732.55 today. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) ....
Coal Is Still Power-full Despite its focus on reducing carbon emissions, India relies heavily on coal for power production. Here s how some of the country s biggest power producers are preparing for the fossil fuel-free power generation era Photograph by Somnath Sen In 2015, Tata Power Company had a gross generation capacity of 8,726 megawatt (MW), mainly 7,607 MW of thermal power. Its green energy portfolio was barely 1,119 MW comprising 573 MW of hydro, 487 MW of wind and just 59 MW of solar. It had plans to add another 9,105 MW, of which thermal was 8,270 MW and just 835 MW of hydro and renewable power. Six years later it s a different story. Tata Power has 12,772 MW of installed capacity, but thermal capacity has been increased to just 8,860 MW. Instead, it now has 3,913 MW of clean power, including 1735 MW of solar and 932 MW wind, 871 MW hydro and 375 MW of waste heat recovery. The increase in thermal capacity was due to an acquisition of Prayagraj Power in ....