Mumbai, Aug 12 (IANS) With the much-anticipated Ganesh festival approaching, Adani Electricity on Tuesday said it is collaborating with the Brihanmumbai Municipal Corporation (BMC) Disaster Management Department to conduct essential electrical safety training for Ganesh Mandal volunteers across Mumbai.The joint effort aims to significantly improve emergency preparedness and reduce potential electrical hazards during the upcoming festivities.In a collaborative effort, Adani Electricity’s safety o…

New Delhi, Aug 12 (IANS) Sales of the domestic electric transformer industry are set to cross the Rs 40,000 crore mark, growing at an estimated 10-11 per cent annually to the next fiscal, compared to sales of around Rs 33,000 crore in the last fiscal, a report said on Tuesday.”The sales growth will lift the capacity utilisation of manufacturers well above 80 per cent, leading to an increase in working capital requirement and capital expenditure, which would be funded through incremental debt,” C…

Mumbai, Aug 12 (IANS) The Indian benchmark indices ended lower on Tuesday as investors awaited the release of July inflation data from both domestic and the US sources amid tariff concerns.Sensex ended the session at 80,235.59, down 368.49 or 0.46 per cent. The 30-share index started the session in negative territory at 80,508.51 against last session’s closing of 80,604.08 as participants awaited the release of July inflation data from both domestic and US sources. The index remained range bound…

New Delhi, Aug 12 (IANS) US President Donald Trump’s crackdown on Russian oil exports has come as a major blow to Mukesh Ambani-led Reliance Industries Ltd. (RIL), which was a major importer of the cheap crude for processing at its giant oil refinery in Jamnagar on the Gujarat coast.The setback is also reflected in the decline in prices of Reliance shares in recent days after Trump stepped up his rhetoric against the purchase of Russian oil by India.In the last 30 days, the blue-chip stock fe…

New Delhi, Aug 12 (IANS) In a significant move, the Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved investment of Rs 8,146.21 crore for the construction of Tato-II Hydro Electric Project (HEP) in Shi Yomi District, Arunachal Pradesh.The estimated completion period for the project is 72 months. The project with an installed capacity of 700 MW (4 x 175 MW) would produce 2738.06 MU of energy, according to the CCEA meeting, chaired by Prime Minister Narendra Modi.The power generated…

New Delhi, Aug 12 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved Phase-1B of the Lucknow Metro Rail Project with 12 stations, across a length of 11.165 km with an investment of Rs 5,801 crore.While seven of these stations are to be built underground, five of them will be at an elevated level. On operationalisation of Phase-1B, Lucknow city will have 34 km of active metro rail network.Phase-1B of the Lucknow Metro project will introduce approximately 11.165…

New Delhi, Aug 12 (IANS) India’s inflation rate based on the Consumer Price Index (CPI) eased further to 1.55 per cent in July this year, compared to the same month of the previous year, as prices of food declined during the month. This is the lowest level of year-on-year retail inflation since June 2017, according to a statement issued by the Ministry of Statistics on Tuesday.The retail inflation in July was also lower by 55 basis points than the 2.1 per cent for the previous month of June th…

New Delhi, Aug 12 (IANS) In a bid to reduce dependence on Asian countries for lithium-ion batteries and other basic requirements, a total of 40 GWh Advanced Chemistry Cell (ACC) capacity has been awarded to four beneficiary firms, and the projects are under implementation, the Parliament was informed on Tuesday.India is mostly dependent on other Asian countries for the production and promotion of Electric Vehicles (EVs), exposing the industry to supply chain risks and price fluctuations.Most of …

New Delhi, Aug 12 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved four more semiconductor projects under the India Semiconductor Mission (ISM) with an outlay of Rs 4,600 crore.The four proposals approved are from SiCSem, Continental Device India Private Limited (CDIL), 3D Glass Solutions Inc., and Advanced System in Package (ASIP) Technologies.With these, the total approved projects under the ISM have reached 10, with cumulative investments of around Rs 1.6…

Mumbai, Aug 12 (IANS) MRF Limited’s net profit for the April-June quarter (Q1 FY26) stood at Rs 483.23 crore, down 13 per cent year-on-year (YoY), according to an exchange filing on Tuesday.The tyre manufacturer had posted a net profit of Rs 562.55 crore in the corresponding month a year ago (Q1 FY25). The company’s profit fell by over 2 per cent quarter-on-quarter (QoQ) as well as from Rs 497.85 crore in the preceding quarter (Q4 FY25).However, revenue from operations for the quarter under revi…