The Trump administration has been pushing European allies to accelerate their reduction of Russian fuel imports. (AI image) Looking to pressurise Russia, the European Union is now looking to hasten its phaseout of Russian liquefied natural gas imports. The new plan aims to stop imports of Russia’s LNG ahead of its original 2027 deadline, following…
Adani Power Limited (APL) has established its position as India’s largest private coal-based independent power producer, with a portfolio of 18,150 MW across 12 plants in eight states, according to a Morgan Stanley research report.The company has successfully revived 4,370 MW of stressed assets and is integrating another 2,900 MW, consistently maintaining plant availability above…
Unlike IPOs (where investors benefit from listing gains if shares are priced below their fair value), NFOs are not available at a “discount”. (AI image) The flood of NFOs is not abating. Some 25 new funds were launched in August, and the rush has continued in September. Four NFOs are open right now, and seven…
The ministerial delegation, comprising over 70 representatives, aims to boost exports in sectors including textiles. (AI image) India and the UAE are looking to reach a figure of $100 billion trade in non-oil and non-precious metal segments – double from the levels right now. The plan has been outlined to achieve the target in the…
US President Donald Trump Donald Trump has again pushed his tariff strategy against China, saying Europe could end the Ukraine war if it imposed sanctions on Beijing. He asserted that China is “the biggest buyer of Russian oil by far.“In an interview with Fox News, when asked, “Did you tell UK PM Starmer that Europe…
ABU DHABI: The UAE on Thursday agreed to focus on increasing export of textiles, fisheries, leather and leather products, processed food and pharma from India – both for the market here as well as the Gulf region, central Asia and Africa – while seeking to nearly double bilateral trade in non-oil and non-precious metals from…
NEW DELHI: Finance minister Nirmala Sitharaman on Thursday urged India Inc to invest and expand as govt has delivered on major reforms.“Today I have a basket of things on which govt has delivered…I hope there is no more hesitation for industry to invest further to expand capacities, produce more in India and what else is…
Indian Hotels Company (IHCL), the owner of the Taj chain, informed the BSE on Thursday that it does not own The Pierre in New York but has leasehold rights for the hotel. IHCL was responding to news articles appearing in media outlets including TOI, which carried a report under the headline “Taj may exit NYC’s…
CHENNAI: JK Tyre is increasing exports from its manufacturing units in Mexico to America in view of the US imposing 50% tariff on goods coming from India. The company has two facilities in Mexico catering for Latin America, Brazil and US.“Currently, 65% of tyres made in Mexico are used for the domestic . We are…
Nvidia agreed to invest $5 billion in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to help prop up an ailing archrival that sent Intel shares soaring.Nvidia will buy Intel common stock at $23 per share, the two companies said on Thursday. Intel will use Nvidia’s graphics…