New Delhi, May 24 (IANS) Pakistan’s deepening energy crisis and rising burden of circular debt are the result of years of flawed policy decisions, expensive imported fuel dependence and weak regulatory oversight rather than the International Monetary Fund (IMF) alone, according to a strongly worded analysis examining the country’s power sector.The report cited by The Tribune Express argued that Pakistan’s energy sector problems worsened significantly after the Nawaz Sharif-led government r…
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New Delhi, May 23 (IANS) An employment drive initiated by Prime Minister Narendra Modi about three years ago has significantly contributed to youth empowerment through time, adding to India’s “Vikas Yatra” that has attracted global interest. While distributing more than 51,000 appointment letters to newly-appointed youth in various government departments and organisations at the 19th Rozgar Mela on Saturday, the Prime Minister said that the world is very excited about India’s youth and technolog…
Mumbai, May 22 (IANS) Global brokerage Bernstein has gone bullish on Adani Group over robust execution and a healthy balance sheet, hailing its ability to execute at scale against competition while expressing comfort on debt levels as well as promoter holding and share pledge metrics.The brokerage said in a comprehensive note that it is not concerned about debt levels, with debt repayment schedules and yields both described as comfortable. Promoter holding and share pledge metrics were also labe…
New Delhi, May 22 (IANS) India’s capital goods industry is projected to see a revenue growth of 12-14 per cent this fiscal, buoyed by sustained government spending, steady capacity expansion in power, mining, oil and gas, metal and auto-linked sectors, and increasing opportunities from emerging segments such as data centres and electric vehicle (EV) infrastructure, a report showed on Friday.The ongoing developments in West Asia are unlikely to materially impact growth as diversified order book…
Chennai, May 22 (IANS) Actor-politician Kamal Haasan has urged Prime Minister Narendra Modi to convene a national summit of all Chief Ministers to evolve a coordinated mechanism to protect ordinary citizens from the economic fallout of the ongoing US-Israel-Iran conflict.He also backed PM Modi’s call for the saving of energy, saying national responsibility must rise above politics in this time of crisis.In a four-minute video message posted on X, Haasan expressed concern over the growing globa…
New Delhi, May 22 (IANS) India’s industrial energy transition could unlock $100 billion decarbonisation opportunity by 2030, a new report has said.This space is still heavily undercapitalised — current funding is at less than half (40 per cent) of the levels seen in more developed economies, according to the joint report by TDK Ventures and Theia Ventures.The findings frame industrial decarbonisation not just as a climate goal, but as a strategic hedge. Right now, India faces a $140 billion …
Guwahati, May 22 (IANS) Assam Chief Minister Himanta Biswa Sarma on Friday said the state is steadily moving towards becoming a power surplus state with major investments being made to strengthen energy infrastructure and ensure reliable electricity supply. In a post on X, CM Sarma highlighted that Assam has set an energy infrastructure target of Rs 14,202 crore by 2035 and is currently implementing four major projects worth Rs 6,235 crore across the state.“Assam is steadily moving towards bec…
New Delhi, May 21 (IANS) After Iran demonstrated that it can exploit its geographical advantage to use the Strait of Hormuz as a chokepoint and monetise transit through the narrow waterway by charging a fee on ships, the trend appears to be spreading, with Indonesia sending a signal that it is contemplating similar steps to raise revenue from the Strait of Malacca.Critical sea trade passages are no longer deemed safe and neutral. Instead, they are increasingly viewed as assets that can be regula…
Amaravati, May 21 (IANS) Andhra Pradesh has accelerated implementation of its Integrated Clean Energy Policy, under which the state aims to attract investments worth ₹10 lakh crore across renewable energy, storage, green hydrogen, transmission, and manufacturing ecosystems by 2029.Marking a major milestone in this journey, 600 MW solar power projects are set to be commissioned in YSR Kadapa districtChief Minister N. Chandrababu Naidu posted on ‘X’ that it is a matter of pride for Andhra Pr…
Washington, May 21 (IANS) Industrial conglomerate Adani Group’s settlement of its legal issues in the United States could help accelerate India’s ambitions in the nuclear energy sector, industry veteran Dr Kris Singh has said, adding that the diversified Group is well-positioned to contribute to large-scale infrastructure development in the field.“I’m glad to see that it’s been settled. So, the Adani (Group) can participate in the nuclear programme that had just opened up,” Singh, Fo…