India explores green steel project funding options
New Delhi: India is pressing ahead with initiatives to fund green steel projects, embracing hydrogen as the ‘game-changing alternative’ to traditional coal methods. Discussions are underway over proposals, including the potential for imposing lower interest rates specifically tailored for upcoming capital-intensive green steel ventures.

Vedanta buys additional stake in Japan’s AvanStrate for $78 million
Vedanta on Friday said it has acquired an additional 46.57% stake in Japan’s AvanStrate for $78.3 million through its wholly-owned subsidiary Cairn India Holdings.

Gold price climbs Rs 10 to Rs 73,700, silver rises Rs 100 to Rs 87,800
The price of 22-carat gold inched up Rs 10, with the yellow metal selling at Rs 67,560.

Akshaya Tritiya: 15% surge already in 2024! How soon can gold cross Rs 1 lakh mark?
 

Hindustan Zinc surges 19% to a record; experts against fresh entry now
Mumbai: The recent rally in prices of silver and optimism around increased industrial usage of the metal have fuelled a rally in the shares of Hindustan Zinc, which surged nearly 19% intra-day Friday to hit a lifetime high of ₹540.95. With Friday’s gains, the shares have gained more than a staggering 80% since April, with a rally in zinc prices also contributing to the gains.

Mahanagar Gas Q4 Results Live : profit falls by 6.16% YOY
Mahanagar Gas Q4 Results Live : Mahanagar Gas announced their Q4 results on 09 May, 2024, revealing a slight decrease in revenue by 0.02% and a 6.16% decline in profit Year-on-Year (YoY). However, compared to the previous quarter, the company saw a 2.77% increase in revenue and a significant 20.47% decrease in profit.

Biomass fuels: challenges and opportunities
Fossil fuels currently meet this majority demand, raising concerns due to potential CO2 (a major greenhouse gas) doubling compared to preindustrial levels (approximately 285 ppm for about 400 000 years before the industrial revolution and reached 376 ppm as of 2005 and is still increasing). Halting fossil fuel use by 2050 is crucial to avoid exceeding the critical 2°C temperature increase threshold. Lignocellulosic biomass, a renewable and abundant resource, holds great promise for sustainable production of valuable chemicals and fuels, currently derived mainly from oil. Currently, biomass contributes 10% (5 x 10-19 kJ) to global energy consumption. Predictions estimate this value to reach 150 x 10-19 kJ by 2050, considering the diverse range of biomass resources available.

chargeMOD ties up with A Plus Charge to set up EV charging stations in North East
 

BPCL to invest INR 1.7 lakh cr in core, new energy business
"Our strategy is based on two fundamental pillars - 'Nurturing the Core'; and 'Investing in Future Big Bets'. We remain committed to our core businesses, which include the refining, marketing of petroleum products and upstream. In addition, we are focusing on our big bets, which comprise petrochemicals, gas, green energy, non-fuel retail, and digital," Krishnakumar said.

OPEC switches to 'call on OPEC+' in global oil demand outlook, sources say
OPEC will stop publishing a calculation of the world's demand for its own crude in its monthly oil report, two sources close to the matter said, focusing instead on forecasts for demand for oil from the wider OPEC+ group.

Servotech Power Systems Q4 net profit falls to INR 3.45 crore
New Delhi, Servotech Power Systems has reported a 43% fall in its consolidated net profit to INR 3.45 crore in the fourth quarter ended March 31, 2024, dragged by higher expenses. It had posted a profit of INR 6.05 crore in the corresponding period of the previous fiscal, the company said in a regulatory filing on Thusrday.