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Monsoon rains cool India's electricity prices as supply outpaces demand

New Delhi, Aug. 24 -- Power prices on exchanges have softened in August, with the day-ahead market (DAM) and the real-time market (RTM) rates edging lower than a year ago as heavy monsoon rains lifted... Read More


Macquarie Asset Management raises $405 mn for fleet electrification firm Vertelo

New Delhi, Aug. 22 -- Macquarie Asset Management has raised $405 million for Vertelo, a fleet electrification solutions platform in India, from a group of investors including Green Climate Fund (GCF),... Read More


Jakson Solar eyes module capacity expansion with Rs.8,000 crore capex; to consider fundraising options by FY28

New Delhi, Aug. 22 -- Jakson Solar, a maker of solar modules, plans to spend about Rs.8,000 crore to expand its module and cell manufacturing capacity and add wafer and ingot-producing facilities in t... Read More


Govt offers 14 coal blocks for commercial mining under 13th round of auction

New Delhi, Aug. 21 -- The coal ministry has offered 14 blocks for commercial mining in the latest round of auctions. The mines offered in the 13th round are mostly located in Andhra Pradesh, Chhattisg... Read More


Russian oil sales to India to continue under 'special mechanism' despite US threats, say embassy officials

New Delhi, Aug. 20 -- Russia's oil supplies to India will continue at the pre-US tariff hike levels under a "very special mechanism" for crude trade despite the Trump administration's pressure and thr... Read More


Russian president dials PM Modi, shares assessment on meeting with Trump

New Delhi, Aug. 18 -- Russian President Vladimir Putin called Prime Minister Narendra Modi on Monday and shared his assessment of his recent meeting with US President Donald Trump. A statement from t... Read More


Global oil suppliers hesitant to pay in rupees, govt tells house panel

NEW DELHI, Aug. 18 -- The petroleum and natural gas ministry has said crude oil suppliers remain hesitant to settle import bills in Indian rupees due to the country's trade imbalance. The statement c... Read More


India's smart meter plan hit by infrastructure, awareness hurdles, says CII survey

New Delhi, Aug. 17 -- India's adoption of smart meters for electricity consumption has been sluggish, prompting calls for clearer rules and better consumer engagement, a survey by the Confederation of... Read More


Centre outlines plan to meet the energy requirements of 2047 India

New Delhi, Aug. 14 -- The Union ministry of petroleum and natural gas has outlined a strategic plan to meet India's energy needs by 2047, the year the government aims to attain 'developed nation' stat... Read More


ReNew Energy's Q1 profit jumps to Rs.513 crore on higher solar module sales

New Delhi, Aug. 14 -- Nasdaq-listed ReNew Energy Global on Thursday reported a thirteen-fold growth in its net profit to Rs.513.1 crore in the April-June quarter of FY26, buoyed by higher solar module... Read More