Economy

Power trading solutions provider PTC India on Thursday announced that it has operationalised the flow of 126 MW inter-state wind power commissioned capacity to beneficiary states. The power will be supplied to Uttar Pradesh, Bihar, Jharkhand and Odisha, PTC India said. The commissioned capacities are part of Ministry of New …

Vedanta Ltd. is planning invest as much as $8 billion or Rs. 56,000 crore in expanding its oil and energy businesses in India. “As India’s largest private sector oil producer, Vedanta Limited contributes 27% to the domestic production and aspires to take it up to 50%,” said Navin Agarwal, chairman, …

Minister for Civil Aviation Suresh Prabhu has sought a detailed report from aviation regulator DGCA on the grounding of A320 Neo planes due to snags in Pratt and Whitney engines. The Directorate General of Civil Aviation (DGCA), has in the meantime, submitted preliminary details on the status of the planes …

A study on air and travel-related pollution loads caused by urban transport has ranked Kochi as the 5th cleanest among the 14 Indian cities. The study carried out by the Centre for Science and Environment (CSE), New Delhi, looked at the quantum of toxic emissions of particulate matter (PM), nitrogen …

Microfinance lender CreditAccess Grameen made a tepid debut on the bourses on Thursday with the shares falling below the issue price even as the benchmark indices posted marginal gains. On BSE, the shares listed at Rs. 385, much lower than the issue price of Rs. 422 before closing at Rs. …

The Indian economy is expected to grow by about 7.5% in 2018 and 2019 as it is largely resilient to external pressures like those from higher oil prices, Moody’s Investors Service said. In its Global Macro Outlook for 2018-19, Moody’s said the run-up in energy prices over the last few …

The National Statistical Commission (NSC) has sought public comments on a panel report which showed that the economy grew at the fastest pace under the Congress rule, amid a political row over the growth numbers. The report of the panel, constituted by the NSC, was made public last week. ‘Unofficial …

Odisha aims to leverage its ports as part of a push to develop the State as a manufacturing hub in eastern India that could serve the larger South Asian regional market, according to Chief Minister Naveen Patnaik. “Odisha is fast emerging as the manufacturing hub of eastern India and we …

India has sought renegotiation of the natural gas price it is to source through a proposed $10 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline due to slump in global energy markets, a top source said. The four nations had in 2013 signed a gas sale purchase agreement (GSPA) that bench-marked the price of …

Principal Economic Adviser to the Finance Ministry Sanjeev Sanyal on Wednesday sought to allay concerns over the falling rupee against the U.S. dollar, saying India should not get too swayed by a single bilateral exchange rate. “If you take any broad based basket, you will see that the rupee is …