Govt sees no impact on ethanol blending prog due to ban on using cane juice for making green fuel
The government on Friday asserted that it is committed to meeting the 20 per cent ethanol blending target by 2025-26 and said the ban on the use of sugarcane juice and sugar syrup has been imposed as a "temporary" step due to lack of clarity on cane output for the current season. However, the government has a plan in place to promote ethanol production through various feedstock such as B and C-heavy molasses, damaged rice and maize.

JSW Steel USA Ohio plans to raise long-term funds in US
JSW Steel USA Ohio is planning to raise long-term funds in the municipal bond markets in the United States, according to an exchange filing. JSW Steel USA Ohio is a wholly-owned indirect subsidiary of home-grown steel maker JSW Steel Limited.

Jindal Stainless earmarks Rs 700 crore a year for sustainability
Jindal Stainless Ltd (JSL), India’s largest stainless steel manufacturer, has earmarked an investment of `700 crore every year for sustainability projects with an aim to reduce 1.5 million tonne of carbon emissions per annum.

Jayaswal Neco to raise ₹3,200 crore in debt

Mumbai: Three private credit funds - Kotak Special Situation Fund, an Edelweiss managed fund and Allianz Global Investors - agreed to jointly provide a ₹3,200 crore debt facility to steel maker Jayaswal Neco, said people aware of the development.

Indian diamond industry to do away with rough import suspension
With the expectations of price stability and demand recovery in key diamond markets like the US and the European Union (EU), the Indian gems and jewellery industry announced that the voluntary suspension of rough diamond imports will not be applicable after December 15, 2023.

Sky Gold raises ₹106 cr for expansion

Mangesh Chauhan, Managing Director, Sky Gold, said this year has been an exceptional year for the company with the mainboard migration followed by investments from marquee investors and growth potential. Securing this additional capital for growth will enable the company to expand, foster innovation, and explore new geographies, he added.

Indian diamond industry to resume rough diamond imports from December 15

Indian diamond industry will resume rough diamond imports from December 15, two months after it voluntarily suspended the imports in the wake of low demand.

RITES enters into pact with Oil India
Transport infrastructure consultancy and engineering firm RITES Ltd has signed a pact with Oil India Ltd to develop Duliajan Township in Assam as a mini smart city, according to an exchange filing. As part of the Memorandum of Understanding (MoU), RITES will undertake an extensive study, review the existing system and prepare a suitable, feasible design to develop the township which is managed and operated by Oil India.

India fuel demand falls 2% in November
India’s overall fuel demand dropped 2% year-on-year in November, driven by a 3% decline in diesel sales, petroleum ministry data showed.

India's fuel demand slips in November from four-month peak
India's fuel consumption in November fell after hitting a four month peak in the previous month, hit by reduced travel in the world's third biggest oil consumer as a festive boost fizzled out.

India's Russian oil imports seen rising on lower prices: Official
Easing global oil prices would help India boost imports from Russia, a senior government official said on Friday, as a lower than $60 a barrel price of Russian oil will enable buyers to use Western services such as insurance and ships.

Adani Total Gas on target to install 75,000 EV charging stations by 2030: Gautam Adani
Adani Group Chairman Gautam Adani on Friday said that Adani Total Gas Ltd is on target to install 75,000 electric vehicle (EV) charging stations by 2030.

Ethanol blending: Just a ‘pause’, 20% target intact: Oil secretary
A day after the government directed sugar mills to stop using cane juice for production of ethanol for the 2023-24 season, petroleum secretary Pankaj Jain said on Friday that it is just a ‘temporary’ pause in the programme for blending the biofuel with petrol for the auto industry, and the same would be reviewed periodically.

10,000 fuel stations now offering EV charging facilities across the country

The country's top fuel retailer, Indian Oil, is leading the race in setting up EV charging facilities at its fuel stations. The company installed EV charging infrastructure at more than 6,300 of its fuel pumps. Hindustan Petroleum, on the other hand, has installed charging facilities at more than 2,350 fuel stations, while Bharat Petroleum has 850 plus fuel stations that offer EV charging facilities, the ET report said, citing data from the oil ministry.

BPCL and Tata Motors join hands to set up charging stations for EVs

Bharat Petroleum Corporation and Tata Passenger Electric Mobility, the EV arn of Tata Motors, have signed a memorandum of understanding to collaborate in establishing public charging stations across India. The collaboration will leverage BPCL's widespread fuel stations network and TPEM's insights from over 1.15 lakh Tata EVs on Indian roads, to set up chargers at locations frequently visited by Tata EV owners, the companies said.

REC signs 200 million euro loan with German Bank KfW to propel distribution sector reforms
State-run infrastructure finance company, REC Ltd, signed a 200 million Euro loan agreement with the German bank KfW on Friday, the company said.

Adani Infrastructure India appoints Bimal Dayal as CEO
Bimal Dayal, Chief Executive Officer (CEO), Transmission business and key managerial person of Adani Energy Solutions Ltd has been appointed as the Chief Executive Officer of Adani Infrastructure India Limited, Adani Group said in a statement, Friday.

Power ministry allocates 1972 MW additional electricity for J&K amid rising demand

New Delhi: Power ministry on Friday said it has allocated an additional 1972 MW of electricity for Jammu & Kashmir to take care of the urgent power requirement in union territory.

Adani Green Energy to repay $750-million bonds on due date
Adani Green Energy (AGEL), the renewable energy arm of Adani Group, has proposed to repay $750 million bonds on its due date itself. The payment of the secure senior notes, with a coupon rate of 4.375%, is due on September 8, 2024.

Rupee rises two paise to 83.34 against U.S. dollar ahead of RBI policy decision
The Rupee appreciated two paise to 83.34 against the U.S. dollar in early trade on December 8, tracking a positive trend in domestic equities ahead of the Reserve Bank of India's monetary policy decision.

RBI keeps interest rates unchanged, raises GDP growth forecast to 7%
The central bank raised its forecast for economic growth to 7 per cent from 6.5 per cent, maintaining India's position as the world's fastest-growing major economy, after a stronger-than-expected 7.6 per cent growth in the July-September quarter.

Sensex rises 120 points ahead of RBI policy review
Equity benchmarks Sensex and Nifty advanced in opening trade on December 8 ahead of the Reserve Bank of India's (RBI) monetary policy decision.

India's forex reserves at $604 bn for the week ending December 1

India’s Foreign Exchange Reserve has risen by $6.1 billion to $604 billion in the week ended December 1. This is the highest weekly increase in 20 weeks, RBI data shows.