Articles for tag: clinging, Coal, Concerns, Demand, Energy, Environmental, Fossil, Fuels, India, Indias, Investment, Massive, Plans, Power, Sparking, Surges

September 10, 2024

Coal India plans a massive investment in coal power, clinging to fossil fuels as India’s energy demand surges, sparking environmental concerns.

Coal India Ltd. is set to invest approximately 670 billion rupees (around $8 billion) to build coal-fired power plants near its mines, emphasizing the country’s ongoing reliance on coal for electricity. With approval for 4.7 gigawatts of new power generation in Odisha and discussions for an additional 2 gigawatts, the move highlights India’s forecasted surge ...

September 8, 2024

Market News

Business

Bob Iger and Bob Chapek’s intense power struggle at Disney unfolded amid corporate tension, leading to Chapek’s unexpected ousting.

Disney’s CEO Bob Iger recently praised his predecessor Bob Chapek, stating they worked together well, though he quickly shifted the credit to their senior management team. This references their tense relationship during Chapek’s leadership, which began amid the chaos of the COVID-19 pandemic. Iger’s abrupt exit stirred conflicts about who Chapek should report to, contributing ...

September 3, 2024

Market News

Business

Massive 6,790 MW Hydro Power Project Agreement Signed in Maharashtra

THDC India has partnered with the Maharashtra government to develop six pumped hydro power storage projects, totaling 6,790 MW, with an investment of over Rs 33,600 crore. This agreement aims to streamline the process for project surveys, investigations, and the preparation of Detailed Project Reports (DPRs), ensuring compliance with central and state regulations. The six ...

September 3, 2024

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Business

Unleashing Power: HP Victus Special Edition Designed for Ambitious Students

HP has introduced the Victus Special Edition laptops in India, designed specifically for students. These laptops are equipped with 12th Gen Intel Core processors and a 4GB NVIDIA GeForce RTX 3050A GPU, making them suitable for demanding tasks like gaming, design, and data analysis. Priced from Rs 65,999, they are available at various retail locations ...

September 2, 2024

Market News

Business

Adani Green and TotalEnergies Forge Power Partnership Amid Market Surge

Adani Green Energy has announced a significant milestone as its board approved a joint venture with TotalEnergies, allowing the French energy giant to invest $444 million. This partnership comes on the heels of a previous $300 million deal to enhance renewable energy capacity in India, a country still heavily reliant on coal. The new venture ...

September 2, 2024

Market News

Business

Adani Power Battles Himachal Pradesh for Rs 280 Crore Hydropower Refund

Adani Power Limited has approached the Supreme Court to challenge a recent decision by the Himachal Pradesh High Court regarding a refund of Rs 280 crore linked to two hydropower projects in Kinnaur district. The Supreme Court has requested a response from the Himachal government on this matter. In July, the High Court overturned a ...

August 31, 2024

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Business

"Pakistan Faces Power Crisis: Urgent Review of Overcapacity and IPP Contracts"

Pakistan is currently reviewing its energy projects, including hydropower and nuclear plants, due to concerns about excess power generation and pricing issues. This examination aims to assess the efficiency of existing projects and better align energy production with current demand. The government has reportedly spent around Rs1 trillion in capacity payments to independent power producers ...

August 30, 2024

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Business

Elon Musk vs. Brazilian Justice: A Battle of Free Speech and Power

Elon Musk is facing backlash in Brazil from Supreme Court Justice Alexandre de Moraes, who is leading efforts against fake news and hate speech. The judge has ordered the freezing of Starlink’s bank accounts in Brazil to enforce fines against X, the social media platform formerly known as Twitter. Musk, criticizing Moraes as a “criminal ...

August 30, 2024

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Business

GE Power India Appoints Puneet Bhatla as New Managing Director

GE Power India has announced the appointment of Puneet Bhatla as its new Managing Director, starting from September 1, 2024. Previously serving as the Executive in Business Operations services, Bhatla’s new role is pending member approval. As a result of this appointment, Bhatla will no longer be considered part of the “senior management” under listing ...

August 30, 2024

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Business