Investment News

Tata Power today said that its renewable business registered a healthy profit, while surpassing the 2,000 MW operating capacity mark with about 500 MW under construction. In keeping with its commitment to generate 30 per cent to 40 per cent power by 2025 through renewable sources of energy, the company added 1,350 MW of renewable […]

Adani Green Energy has deferred its plans for manufacturing polysilicon, the basic material of solar panels and modules, in absence of promised incentives from the government. Adani’s 1,200 MW panel-cum-module manufacturing unit is the largest in the country but is facing a huge hurdle. “The module manufacturing unit is running at only 40% capacity because […]

State-owned gas utility GAIL India today said it has drawn up investment plans of Rs 30,000 crore for expansion. “We have investment plans for Rs 30,000 crore projects in hand, out of which Rs 8,000 crore in the coal gasification, 1,500 crore in city gas and Rs 1,000 crore in breakwater water project,” GAIL Chairman […]

India’s crude oil production fell 0.6 per cent to 2.93 million tonnes in April after Cairn India shut some 70-odd wells at its biggest oilfield in prolific Rajasthan block. Crude oil production stood at 2.95 million tonnes in the same month last year, according to a statement by Petroleum Ministry today. State-owned Oil and Natural […]

Bennett University signed a memorandum of understanding (MoU) with Dell EMC to set up a joint research laboratory to work on data analytics and machine learning. With this partnership, Bennett University becomes a member of Dell EMC’s External Research and Academic Alliance Program. The alliance will primarily involve coordination of information and expertise dissemination for […]

The Centre is all set to launch a programme next month wherein foreign and NRI scientists can work in the country’s scientific institutions for a period of one to three months. The programme titled ‘Visiting Advanced Joint Research’ (VAJRA) is aimed at encouraging top scientists to work in India and also guide doctorate and post-doctorate […]

DCM Shriram has received an environmental approval to set up a molasses-based distillery in Hardoi District of Uttar Pradesh along with a cogeneration power plant. The proposal is to set up 200 kilolitres per day (klpd) molasses-based distillery and 6 MW co-generation power plant at Hariawan village. “The environment ministry has given approval based on […]

Potable rpt potable alcohol has been kept out of the Goods and Services tax (GST) regime but industrial alcohol, including ethanol, will be taxed at 18 per cent once the new regime rolls out from scheduled July 1, Revenue Secretary Hasmukh Adhia said today. The government has kept potable alcohol or alcohol for human consumption […]

Making it the company’s maiden investment in the commercial real estate space, financial services firm ASK Group has invested Rs. 200 crore in ATS Infrastructure project ‘Knights Bridge’. The project, located in Noida, is a mixed use development project of more than three million square feet. “Our group is focused on delivering consistent, predictable returns […]

Aparna Enterprises, part of the diversified Hyderabad-based Aparna Group, will commission its Rs 320 crore upcoming tile manufacturing unit Peddapuram in East Godavari of Andhra Pradesh by July as it seeks to strengthen its backward integration, said a top company executive in Hyderabad on Tuesday. Coming up in two phases, the unit will have a […]