BUSINESS

Tata Power Renewable Energy Limited joins NTPC for 200 MW renewable energy project

TPREL said it has signed a power purchase agreement with NTPC Limited, India’s largest integrated power company, to develop a 200 MW renewable energy (RE) project Mumbai: Tata Power Renewable Energy Limited (TPREL) on Monday said it has signed a power purchase agreement with NTPC Limited, India’s largest integrated power company, to develop a 200 MW renewable energy (RE) project. The project, spread across multiple locations in India, is set to be completed within 24 months and is expected to generate approximately 1,300 million units (MUs) of electricity annually, mitigating over 1 million tons of carbon dioxide emissions per year, an official statement said. The project was won by TPREL based on competitive bidding and would consist of solar, wind and…

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CEA launches new integrated generation, transmission, storage expansion planning model

Central Electricity Authority (CEA) has launched new models with Demand Response which will help State power discoms to carry out a comprehensive resource adequacy plan New Delhi: The Central Electricity Authority (CEA) has launched an indigenously developed Integrated Generation, Transmission, and Storage Expansion Planning Model with Demand Response which will help State power discoms to carry out a comprehensive resource adequacy plan, according to an official statement issued on Sunday. After the issuance of Resource Adequacy Guidelines, the CEA has been carrying out the Resource Adequacy (RA) plans for all the discoms. To begin with, the CEA completed the exercise for all discoms up to 2032, and now all of them have been updated to 2034-35. The CEA has also finished…

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Meta faces historic antitrust trial, may be forced to spin off Instagram, WhatsApp

The lawsuit was filed against Meta — then Facebook — in 2020, during Trump’s first term. It claims the company bought Instagram and WhatsApp to squash competition and establish illegal monopoly in social media market San Francisco: Meta Platforms Inc faces a historic antitrust trial beginning Monday that could force the tech giant to break off Instagram and WhatsApp, startups it bought more than a decade ago that have since grown into social media powerhouses. The looming antitrust trial will be the first big test of President Donald Trump’s Federal Trade Commission’s (FTC) ability to challenge Big Tech. The lawsuit was filed against Meta — then called Facebook — in 2020, during Trump’s first term. It claims the company bought Instagram and WhatsApp…

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Hyderabad-based Dr Reddy’s lays off employees above Rs 1 crore package

The company has also offered voluntary retirement to employees aged 50-55 within its research and development division; multiple high-salaried employees across various departments have already been asked to resign, reports stated New Delhi: Drugmaker Dr Reddy’s Laboratories is allegedly reducing its workforce costs by nearly 25 per cent, and also laying off employees earning above Rs 1 crore yearly, according to media reports. The company reportedly has also offered voluntary retirement to employees aged 50-55 within its research and development division. The reports stated that multiple high-salaried employees across various departments have already been asked to resign. The move comes amidst the company’s ongoing efforts to boost operational efficiencies. IANS contacted Dr Reddy’s on the same and was yet to receive a response.…

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GST on flat maintenance to pinch Hyderabad pockets more

If your monthly flat maintenance exceeds Rs 7,500, you will have to shell out 18 per cent GST on it Hyderabad: Luxury pinches too, especially with the Goods and Services Tax (GST) now applicable to almost everything. If you are living in one of those luxury apartments which have all high-end facilities, be prepared to shell out GST if your maintenance is above Rs 7,500 per month. The current GST rate on apartment maintenance is 18 per cent. “The GST on maintenance amount directly leads to increased outflow for the tenant or owner of the property, depending upon who bears the additional cost,” says Anuragg Jhanwar, Co-founder & Partner, Upwisery Advisors LLP, a multi-family office & private wealth. The impact will primarily be seen in…

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Gold prices hit record high amid global uncertainty

This marks the metal’s strongest weekly performance since the early days of the Covid-19 pandemic, as global investors react to growing economic uncertainty following a new wave of US tariffs introduced by President Donald Trump New Delhi: Gold prices jumped over 6.5 per cent this week, reaching a record high of $3,237 per troy ounce. This marks the metal’s strongest weekly performance since the early days of the Covid-19 pandemic, as global investors react to growing economic uncertainty following a new wave of US tariffs introduced by President Donald Trump. The sharp rise in gold prices comes as traditional safe-haven assets like US stocks and Treasury bonds are experiencing a sell-off. At the same time, the US dollar has weakened significantly, dropping to a…

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Piyush Goyal asks construction industry players to reduce import dependency, focus on green construction

Speaking during the inauguration of the first edition of CAPEXIL Vibrant Buildcon 2025, in New Delhi, Goyal said sectors, including housing, infrastructure, commercial real estate, railways, airports, highways, and energy play a key role in boosting the country’s economic growth New Delhi: Commerce and Industry Minister Piyush Goyal on Sunday asked the construction industry players to reduce import dependency, focus on clean and green construction, and work towards earthquake-resistant and modular infrastructure. Speaking during the inauguration of the first edition of Chemicals & Allied Products Export Promotion Council’s (CAPEXIL) Vibrant Buildcon 2025, in New Delhi, he said sectors, including housing, infrastructure, commercial real estate, railways, airports, highways, and energy play a key role in boosting the country’s economic growth. “Every element,…

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India, Nepal talks on steps to curb gold, narcotics, fake currency notes smuggling

The 21st Director General-Level Talks on Customs Cooperation was held between India and Nepal in Kathmandu on April 10-11, 2025 New Delhi: Customs authorities of India and Nepal have discussed ways to check trans-border criminal activities, smuggling of gold and narcotics, and fake currency notes (FCN), the finance ministry said in a statement on Sunday. The 21st Director General-Level Talks on Customs Cooperation was held between India and Nepal in Kathmandu on April 10-11, 2025, it said. Issues such as steps to check smuggling, review progress on MoU on Pre-arrival Exchange of Customs Data and Electronic Origin Data Exchange System (EODES), were discussed during the meeting, the statement said. The agenda also included finalisation of Customs Mutual Assistance Agreement (CMAA); facilitation…

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Assam CM Himanta meets Jeet Adani, discusses implementation of Rs 50,000 crore investment proposals

Adani Group Chairman Gautam Adani had announced that the conglomerate will invest Rs 50,000 crore across various sectors in the State, addressing the inaugural function of the Advantage Assam 2.0 business summit in February Guwahati: Assam Chief Minister Himanta Biswa Sarma met Adani Group director Jeet Adani on Sunday and discussed the investments of Rs 50,000 crore proposed by the conglomerate during the state’s business summit in February. Sarma said the State government was expecting that the proposals given by the Adani Group for investment in various sectors would become a reality soon. “During #AdvantageAssam2, the Adani Group made a Rs 50,000 cr investment commitment. Today, along with my senior officer,s we had an in-depth meeting with Mr Jeet Adani, Director…

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Editorial: Trump’s tariff retreat

Trump’s leadership has always hinged on unpredictability and bravado, giving him an aura of a disruptor and a divider United States President Donald Trump’s climb down on a draconian tariff regime, in the face of severe backlash from all over the world, reveals a fundamental flaw at the core of his presidency. Positioning himself as an ace negotiator who can end wars with his persuasive skills and bring prosperity, Trump has turned out to be an impulsive, whimsical and chaotic leader surrounded by Yes Men whose only qualification is unflinching loyalty. His policies have scared both the allies and adversaries alike. The maverick Republican President’s so-called “liberation day” unveiling of tariffs on April 2 was supposed to be a symbolic gateway to…

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