Renewable energy accounted for 22.49% of the total electricity generation in the country in 2024-25 (till January), the Union ministry of new and renewable energy informed the Rajya Sabha on Tuesday. The information was provided by Shripad Yesho Naik, Union minister of state (MoS) for renewable energy in a written response to questions by CPI MP V Sivadasan. Naik had said, on February, 11 that in line with Prime Minister Narendra Modi’s announcement at COP26,
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Global brokerage firm CLSA has an ‘Outperform’ rating on IndusInd Bank but has lowered its price target from ₹1,300 to ₹900 per share. The revised price target suggests a potential upside of 31% from current levels. The foreign brokerage wrote in its note that the past few days have been turbulent for the bank, starting with a one-year extension for the MD, followed by the disclosure of a ₹1,500 crore net worth hit due to an accounting
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Reliance Jio and Bharti Airtel have signed agreements with SpaceX to distribute Starlink’s satellite internet services in India. The deals involve selling Starlink’s equipment through Jio and Airtel’s retail networks, while Jio will also provide customer service, installation, and activation support. Additionally, the partnership will focus on delivering high-speed internet to businesses, schools, healthcare centres, and remote communities across India. However, these agreements are subject to regulatory approval. SpaceX is still awaiting permission from the government to
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Shares of Vodafone Idea Ltd. and Indus Towers Ltd. are among the worst performing stocks on the Nifty 500 index on Wednesday, March 12. While shares of Indus Towers are down 7%, those of Vodafone Idea are down 6%. Recent developments saw peers of Vodafone Idea, Jio Platforms and Bharti Airtel announcing tie-ups with Elon Musk’s SpaceX to bring Starlink services to India. In response, shares of Reliance Industries are continuing their rebound from their
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Ola Electric Mobility is set to begin delivering its motorcycles by the end of this month or early April, according to Harish Abichandani, CFO of Ola Electric. Abichandani said the company is on track to significantly expand its product portfolio, and market share will be a result of continued expansion in distribution and product availability. “We have reported a market share of 28% for February. We continue to see strong momentum going into March, and
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