REC Limited avails green loan facility

REC Limited avails green loan facility

Friday, 12 July 2024 | PNS | Gurugram

In a significant step towards sustainable development in India, REC Limited, a leader in the Indian power sector, has successfully availed a green loan of JPY 31.96 Billion (equivalent to USD 200 million) to finance eligible green projects in India. This strategic investment reinforces REC’s commitment to foster sustainable growth, in...

India's oil, gas exploration offers USD 100 bn opportunity: Hardeep Singh Puri

India's oil, gas exploration offers USD 100 bn opportunity: Hardeep Singh Puri

Thursday, 11 July 2024 | PTI | New Delhi

Oil Minister Hardeep Singh Puri on Thursday called for stepping up oil and gas hunt to cut India's reliance on imports and making available fuel at an affordable and sustainable way. Speaking at the Urja Varta conference, he said the exploration and production (E&P) sector is integral in the journey towards...

Markets rebound in early trade on rally in global equities, foreign fund inflows

Markets rebound in early trade on rally in global equities, foreign fund inflows

Thursday, 11 July 2024 | PTI | Mumbai

Equity benchmark indices rebounded in early trade on Thursday amid a rally in global markets and continuous foreign fund inflows. Buying in IT stocks also added to the positive trend in equities. The 30-share BSE Sensex climbed 245.32 points to 80,170.09 in early trade. The NSE Nifty went up by 78.2 points...

Rajasthan Budget proposes Rs 27k cr for health sector, tap water to 25 lakh rural houses

Rajasthan Budget proposes Rs 27k cr for health sector, tap water to 25 lakh rural houses

Wednesday, 10 July 2024 | PTI | Jaipur

Rajasthan Finance Minister Diya Kumari on Wednesday proposed Rs 27,000 crore for the health sector and Rs 15,000 crore to provide tap water to 25 lakh rural houses in the state Budget for FY25. Presenting the full budget for the fiscal, she said four lakh vacancies will be filled in the...

Markets retreat from record high levels; trade lower on weak global trends

Markets retreat from record high levels; trade lower on weak global trends

Wednesday, 10 July 2024 | PTI | Mumbai

Equity benchmark indices declined after hitting their fresh record high levels in early trade on Wednesday amid weak global market trends. The 30-share BSE Sensex climbed 129.72 points to hit a new all-time high of 80,481.36 during the opening trade. But, soon the benchmark retreated and declined 207.47 points to 80,144.17. The...

Taiwan Expo India 2024 kicks off

Taiwan Expo India 2024 kicks off

Wednesday, 10 July 2024 | Pioneer News Service | New Delhi

The three-day Taiwan Expo India 2024  which kicked off here from Tuesday at Bharat Mandapam has over 60 companies presenting cutting-edge solutions in smart manufacturing, green sustainability, healthy living, and smart city development. The event is a crucial platform for exploring green energy and smart technology advancements and facilitating collaborations...

ONGC to invest Rs 2 lakh cr to meet net zero emission target

Wednesday, 10 July 2024 | PTI | New Delhi

State-owned Oil and Natural Gas Corporation (ONGC) will invest about Rs 2 lakh crore in setting up renewable energy sites and green hydrogen plants and cutting gas flaring to zero to achieve its 2038 net-zero carbon emission goal. The company, which produces about two-thirds of India’s crude oil and about 58...

Sebi invites public comments on proposed amendments to REIT, InvIT rules

Wednesday, 10 July 2024 | PTI | New Delhi

Capital markets regulator Sebi on Tuesday said it has sought public views on the proposed amendments to the master circulars for REITs and InvITs. In a consultation paper, Sebi said these amendments will provide clarity on the nomination rights of directors to the boards of REIT (Real Estate Investment Trusts) and...

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