Elections, infrastructure will drive consumption: Nestle India CMD

Elections, infrastructure will drive consumption: Nestle India CMD

Fast-moving consumer goods (FMCG) major Nestle India on Thursday said it expects consumption to pick up on the back of government infrastructure spending, decline in inflation and the upcoming elections. However, Suresh Narayanan, chairman and managing director, Nestle India, said some “stress points” are being witnessed in the FMCG sector, adding that the festive season […]

NTPC plans to take green energy arm public in FY 2024-25, official says

NTPC plans to take green energy arm public in FY 2024-25, official says

NTPC’s capital expenditure is expected to reach Rs 30,000 crore ($3.61 billion) in fiscal year 2024/2025, of which Rs 22,000 crore will be raised through debt and green bonds. India’s biggest power producer NTPC Ltd expects to go public in the fiscal year ending March 2025, a senior company executive said on Tuesday. The state […]

Force Motors plans to invest around Rs 2,000 crore in 3-4 years: MD Firodia

Force Motors plans to invest around Rs 2,000 crore in 3-4 years: MD Firodia

Prasanna Firodia, Managing Director, Force Motors Automaker Force Motors plans to invest around Rs 2,000 crore over the next three to four years on various activities including sustainability drives and electric vehicle development, according to company managing director Prasanna Firodia. The company, which sells a range of commercial and utility vehicles, is looking to introduce […]

NTPC Green Energy gets DIPAM nod to list to raise Rs 10,000 crore

NTPC Green Energy gets DIPAM nod to list to raise Rs 10,000 crore

NGEL signed an MoU with the Government of Maharashtra to develop green hydrogen projects and its derivatives in the state at an investment of Rs 80,000 crore. State-owned power company NTPC has received approval from the Department of Investment and Public Asset Management to list its green energy arm NTPC Green Energy Ltd (NGEL) to […]

Government halves support to oil companies, postpones filling of strategic oil reserves

Government halves support to oil companies, postpones filling of strategic oil reserves

The government has halved the amount of equity investment in state-owned fuel retailers to Rs 15,000 crore to support their investments in energy transition projects, the Finance Ministry has said. Finance Minister Nirmala Sitharaman, while presenting the annual budget for the financial year 2023-24 (April 2023 to March 2024) on February 1 last year, announced […]

REC Q3 profit rises 13% to Rs 3,269 crore; Net income is Rs 4,350 crore

REC Q3 profit rises 13% to Rs 3,269 crore;  Net income is Rs 4,350 crore

State-owned power sector lender REC reported a 13 per cent rise in its net profit for the quarter ending December 2023. The company reported a net profit of Rs 3,269 crore for the third quarter (Q3) of the current financial year, up from Rs. It was Rs 2,878 crore during the same period of the […]

India set to be renewable energy hub with hundreds of billions earmarked for projects

India set to be renewable energy hub with hundreds of billions earmarked for projects

RK Singh, the federal minister for new and renewable energy, on Monday said the government had earmarked a whopping 9.65 trillion rupees (US$116 billion) towards the sector over the next few years. Can Red Sea attacks speed up Southeast Asia’s clean energy transition? What underscores this series of investments is the substantial financial commitment to […]