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Business Line

Renault’s CNG variants to hit the market alongside new models

The CNG variants will be rolled out across key markets, with Renault already positioning its MPV, the Triber, as a strong contender in the fleet segment

The Economic Times

Technical Breakout Stocks: BSE, ICICI Bank and Hero MotoCorp hit fresh record highs on Wednesday; buy, sell or hold?

Investors showed interest in bank stocks, while consumer durables, energy, oil & gas, healthcare, and IT stocks experienced selling pressure.

The Economic Times

Extending battery life with cutting-edge rejuvenation technology

Global warming is escalating due to rising greenhouse gases from fossil fuel use. Scientists are advocating for recycling and reuse, especially in battery management. Lead-acid batteries can be rejuvenated to extend their lifespan, reduce e-waste, and support a circular economy. This technology offers economic and environmental benefits.

CNBC TV18

Coal India eyeing Argentina, Chile for critical minerals, says official

India, among the world's top greenhouse gas emitters, has been pursuing overseas pacts to secure key minerals in resource-rich countries such as Australia, Argentina and Chile.

Business Standard

Centre's support to help attain $1 bn exports of alcoholic beverages: CIABC

Support from the Centre and state governments will help the country to achieve USD 1 billion worth of alcoholic beverages exports in the coming years, the Confederation of Indian Alcoholic Beverage Companies (CIABC) said on Wednesday. CIABC Director General Anant S Iyer also said that promoting ease of doing business for the sector is key at both the Central and state government levels. Easy and timely permissions for bottling and branding; transport permits; and promoting online paperwork are some of the areas which need special attention for the growth of the sector. "We need ease of doing business across the operations, besides easy tax structures and market-determined prices to boost the exports. At present, rules for the sector differ from state to state," Iyer said. He said the USD 1 billion target is "ambitious, but possible". In 2023-24, the exports stood at USD 389 million. He added that the industry should give a try for this target as it needs about 14-15 per cent ...

The Economic Times

Indian plans to keep buying cheap Russian oil, Hardeep Puri says

India will continue buying oil from Russian companies not under sanctions due to low prices, says Oil Minister Hardeep Singh Puri. With 88% of its oil needs imported, India seeks the cheapest suppliers. India also plans to expand its refining capacity and increase natural gas usage if prices stabilize.

The Economic Times

Oil And Natural Gas Corporation Share Price Today Live Updates: Oil and Natural Gas Corporation Sees Price Drop Amidst Diverging Moving Average

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Business Standard

India will contribute to 35% of global energy demand in 2 decades: Puri

Over the next two decades, India will contribute to 35 per cent of the global increase in energy demand, Indian Minister Hardeep Puri said here on Tuesday at a multinational conference held to deliberate on the world's energy needs. The 52nd Gastech Exhibition & Conference kicked off Tuesday with strategic insights from the world's five leading energy ministers, including India's, at the George R Brown Convention Center. The event, themed 'Transforming Energy Through Vision, Innovation, and Action,' brought into focus a need for global energy stability and rapid decarbonisation. In his keynote address, Union Minister of Petroleum & Natural Gas, Hardeep Singh Puri underscored India's increasingly dominant role in the global energy landscape. "If global demand is increasing by one per cent, ours is surging three times faster. Over the next two decades, India will contribute to 35 per cent of the global increase in energy demand," he said. He framed India's challenge as an ...

The Economic Times

City gas distribution cos' stocks jump on UBS’ bullish outlook

UBS said that the city gas space is at a critical point where smaller entities are turning sellers and strategic partners due to issues such as non-performance from new/small entities, infrastructure-commitment defaults, gas-sourcing challenges and capital constraints. that consolidation of smaller players in the city gas space.

The Economic Times

Technical Breakout Stocks: Mahanagar Gas, Policy Bazaar and Britannia Industries hit fresh record highs on Tuesday

Sector-wise, buying interest was observed in auto, utilities, consumer durables, telecom, and realty, while metal, infrastructure, and capital goods faced selling pressure.

Business Standard

ArcelorMittal's India joint venture seeks duty-free LNG imports: Report

India, the world's second biggest crude steel producer, levies a 2.5 per cent basic customs duty and an additional 0.25 per cent social welfare tax on LNG

The Economic Times

Natural gas output, consumption fall in August

In August, natural gas production and consumption in India both declined compared to the same month last year. Natural gas output dropped by 3.7% to 3,048 million metric standard cubic meters (MMSCM), with a 4.7% decrease in ONGC fields and a 3.5% decline in private sector fields.

Mint

MGL, IGL shares jump 6% each after UBS lifts target price, expects over 30% upside

UBS has upgraded the rating on IGL to 'buy' from the previous rating of 'sell' and also lifted its target price from ₹400 to ₹700. Similarly, it has increased the target price for Mahanagar Gas from ₹1,600 to ₹2,400 per share.

The Economic Times

How biogas can reduce India's dependency on fossil fuels and lower energy costs?

India, the world's third-largest energy consumer, is exploring biogas as a sustainable alternative to fossil fuels. Biogas can reduce energy costs, improve waste management, and lower greenhouse gas emissions. Government initiatives aim to boost biogas production, contributing to energy security and environmental sustainability.

Business Standard

Blue Dart Express Ltd leads gainers in 'A' group

Nava Ltd, Mrs Bectors Food Specialities Ltd, Reliance Infrastructure Ltd and Mahanagar Gas Ltd are among the other gainers in the BSE's 'A' group today, 17 September 2024.

Business Standard

Piramal Pharma receives SBTi validation for its GHG commitment

Piramal Pharma has embarked on its sustainability journey as the Science Based Targets initiative (SBTi) officially validated the company's near-term greenhouse gas (GHG) emission reduction targets. This validation aligns with Piramal Pharma's core purpose of 'Doing Well and Doing Good,' driving its business strategies and strengthening the company's commitment to making consistent, measurable progress toward a more sustainable future.

CNBC TV18

IGL gets an upgrade from UBS, MGL a target raise on strong volume prospects

UBS expects an improvement in IGL's volume growth trajectory, while for Mahanagar Gas, the firm expects both organic and inorganic volume growth to continue surpassing expectations.

Business Standard

M&M eyes sub-3.5 tonne SCV market with Veero launch on multi-fuel platform

Priced at Rs 7.99 lakh for the entry-level product, M&M launched the diesel and CNG variants, and an electric version will come in the future

Business Standard

EoI floated for Rs 13,000 cr coal gasification project by CIL-Gail JV

An Expression of Interest (EoI) for shortlisting licensors of coal gasification technology for a proposed coal-based synthetic natural gas (SNG) plant in West Bengal was floated by the GAIL and Coal India Limited (CIL) joint venture responsible for promoting the project, an official said on Monday. The project, valued at an estimated amount of Rs 13,052 crore, considering a debt-equity ratio of 70:30, was approved by the Cabinet, and coal for the plant will be supplied by CIL's subsidiary, Eastern Coalfields Ltd. Coal India will hold a 51 per cent stake in the JV, while GAIL will have a 49 per cent share. "The EoI, floated by Projects & Development India Limited (PDIL) on behalf of the JV, seeks responses from internationally reputed technology licensors with the requisite coal gasification technology, willing to provide it for the commercial production of SNG," the official told PTI. The document mentions, "The proposed JV of GAIL & CIL intends to set up an 80,000 NM3/hr ...

The Economic Times

EoI floated for coal gasification tech for Rs 13,000cr project by CIL-GAIL JV

GAIL and Coal India Limited have floated an Expression of Interest for shortlisting licensors of coal gasification technology for a proposed synthetic natural gas plant in West Bengal. The project, valued at Rs 13,052 crore, aims to use coal from Eastern Coalfields Ltd. The last date for EoI submission is October 15.

Business Standard

Mahindra expands LCV range with product based on multi-energy platform

Mahindra & Mahindra on Monday expanded its light commercial vehicle (LCV) range with a new product range based on an all new platform developed at an initial investment of Rs 900 crore. The company has introduced "Veero" light commercial vehicle in the less than 3.5 tonne range with both diesel and CNG trims, with price starting at Rs 7.99 lakh (ex-showroom). An electric version of the LCV would be introduced at a later stage. In an interaction with PTI, Mahindra & Mahindra (M&M) President Automotive Division Veejay Nakra said the model will help the company further strengthen its leadership in the LCV (less than 3.5 tonne) segment. The product, with multiple fuel options and payloads, will be useful for various applications, he added. "We have a market share of around 51 per cent in the less than 3.5 tonne LCV segment... now this range comes in 2-3.5 tonne segment where we have a market share of 63 per cent. So it will help us further strengthen market share beyond 63 per

The Economic Times

Mahindra expands LCV range with product based on multi-energy platform

Mahindra & Mahindra has launched the Veero light commercial vehicle in the sub-3.5 tonne category, with diesel and CNG options starting at Rs 7.99 lakh. An electric version will follow. The new range aims to strengthen M&M's market leadership, addressing diverse business needs with multiple fuel options and payloads.

Business Line

Mahindra unveils Veero: New LCV aims to disrupt sub-3.5 ton segment

The Veero offers multiple fuel options including diesel and CNG, with an electric variant planned for the future. It boasts a best-in-class payload capacity of 1,600 kg and claims superior fuel efficiency with 18.4 km/l for diesel and 19.2 km/kg for CNG variants

Mint

Prabhudas Lilladher sees oil price rebound to $75-80/bbl, upgrades ONGC and OIL ratings to 'buy'

Prabhudas Lilladher upgraded ONGC and OIL amid a projected recovery in oil prices to $75-80 per barrel. They expect improved gas realization and production growth, with ONGC's oil production CAGR at 3.4 per cent and OINL's at 8 per cent through FY26.

Mint

Mint Explainer: Inside the lucrative world of soft-drink bottling manufacturers and why they are going public

Experts say there is a larger trend of consumer giants spinning off their units to optimise their balance sheets, go asset-light and focus on their core brands and business models.

Business Line

Natural Gas: Bullish. Go long now

MCX Natural Gas Futures contract can rise back to ₹210-₹215

The Economic Times

Oil And Natural Gas Corporation Share Price Live Updates: Oil and Natural Gas Corporation Closes at Rs 291.45 with Significant Trading Volume

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The Economic Times

Reliance Retail to transfer most of its FMCG brands to RCPL to scale up the business

Reliance Retail is set to transfer its FMCG brands, including Campa and various private labels, to Reliance Consumer Products Ltd (RCPL) for rapid business expansion. RCPL plans exclusive bottling plants for Campa and is preparing for a capital infusion of up to Rs 3,900 crore through equity and debt. This strategic move aims at enhancing brand availability.

The Economic Times

Why energy efficiency should matter this World Ozone Day

As climate change accelerates, the need for efficient cooling systems becomes crucial. The Kigali Amendment aims to phase down harmful refrigerants and improve energy efficiency. This effort can significantly reduce greenhouse gas emissions and offer health benefits. Coordinated efforts across various stakeholders are essential to achieve these goals.

Business Standard

ONGC gets director to spearhead new energy, petrochem business & strategy

Oil and Natural Gas Corporation (ONGC) has got a new director to spearhead its new energy, petrochemicals and corporate strategy as part of a board revamp aimed at breathing fresh life into the state-controlled behemoth. Arunangshu Sarkar has been appointed as Director for strategy and corporate affairs, ONGC said in a stock exchange filing. Before the elevation, Sarkar, a petroleum engineer from the Indian School of Mines, Dhanbad, was Group General Manager (Production) at ONGC. He had previously worked as General Manager (Strategy & Corporate Planning), ONGC Videsh Ltd - the overseas investment arm of ONGC. Two years back, the board of ONGC was reorganised. Besides creating the new post of Director (Strategy & Corporate Affairs), the post of Director (Production) was created after merging Director (Onshore), who is in charge of all oil and gas fields located on land, and Director (Offshore) who looks after all offshore assets, such as the prime Mumbai High fields. In ...

The Economic Times

Oil India to commence drilling in Andaman offshores as part of exploration efforts

Oil India Limited is set to begin drilling in Andaman and Nicobar offshore waters, aiming for stability in oil prices to aid exploration. The company saw significant growth in oil and gas production last year and plans to achieve ambitious targets while committing to Net Zero by 2040.

The Economic Times

CNG, hybrid cars take expressway to drive past EVs

The Indian car market is seeing a rise in CNG and hybrid vehicles, outpacing electric cars. CNG car sales grew by 46% from January to August, while hybrids saw a 19% increase. Despite efforts to boost EV adoption, infrastructure challenges and high costs remain barriers.

Business Standard

OIL to invest Rs 25,000 cr in clean energy for net zero emissions by 2040

State-owned Oil India Ltd plans to invest Rs 25,000 crore in clean energy projects to help achieve the net zero carbon emission goal by 2040, its chairman Ranjit Rath said on Saturday. OIL's net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas as well as setting up renewable electricity generation capacity, building green hydrogen plants and constructing biogas and ethanol plants. The net zero plans will go alongside its target to raise crude oil and natural gas production to 9 million tonnes of oil and oil equivalent gas by 2025-26 from 6.5 million tonnes produced in the fiscal year ended March 31, 2024, he told reporters here. The company also plans to lay an 80-kilometer pipeline to bring natural gas from fields in Arunachal Pradesh to Assam to help replace polluting liquid fuels in transport as well as industries. "Achieving a net zero target involves a bouquet of activities," he said. It already has firmed up plans for

The Economic Times

Oil India to invest Rs 25,000 crore for net zero emissions by 2040

OIL's net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas as well as setting up renewable electricity generation capacity, building green hydrogen plants and constructing biogas and ethanol plants.

The Economic Times

Centre grants in-principle approval to oil and gas exploration in Assam's hoolock gibbon sanctuary

The Union environment ministry has approved the diversion of 4.50 hectares of forest land in Assam for oil and gas exploration by Vedanta Group's Cairn Oil & Gas. The project, located in the ecosensitive zone of Hoollongapar Gibbon Wildlife Sanctuary, aims to balance development with wildlife conservation efforts.

Business Standard

Majority of Adani group stocks settle lower, Adani Power down nearly 3%

As many as seven Adani group stocks ended lower on Friday as the Swiss authorities froze USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of a money laundering probe, suspecting he may be a frontman from the group -- a charge the conglomerate vehemently denied. Shares of Adani Power dropped 2.73 per cent, Adani Energy Solutions declined 2.42 per cent, Adani Ports slipped 1.37 per cent, Adani Green Energy went lower by 1.17 per cent, Adani Enterprises dipped 0.76 per cent, Adani Total Gas (0.55 per cent) and Adani Wilmar (0.37 per cent) on the BSE. However, three group firms managed to settle in the green. The stock of ACC jumped 1.94 per cent, NDTV climbed 1.01 per cent and Ambuja Cements (0.01 per cent). During the day, shares of Adani Power tumbled 3.20 per cent, Adani Energy dived 2.75 per cent, Adani Green declined 1.53 per cent, Adani Ports went down by 1.51 per cent, Adani Enterprises fell 1.18 per cent, Adani Wilmar (1.07 p

Business Line

Gujarat Gas: Does the scheme of arrangement add fizz to the counter?

The proposal promises to improve the operating metrics but all the positives are adequately priced in

The Economic Times

Tech View: Nifty forms red candle on daily chart. What traders should do on Monday

Despite starting on a positive note, the Nifty ended the week with a slight dip. Siddhartha Khemka from Motilal Oswal Financial Services pointed out that besides oil & gas, FMCG, and healthcare, most sectors closed lower, contributing to the market's loss on Friday.

Business Standard

Benchmarks end slightly lower; NSE VIX drops below 13 mark

The domestic equity barometers ended with minor losses on Friday. The benchmark Nifty 50 index closed below the 25,400 mark. FMCG and oil & gas sectors faced selling pressure, while realty, media, and PSU bank stocks gained ground. Global equity markets remained largely positive, buoyed by US macroeconomic data suggesting that inflation may be under control. However, weaker-than-expected US labor market data tempered some of this optimism. Domestic sentiment was supported by daily FII inflows and a decline in US 10-year Treasury yields.

The Economic Times

ICE, CNG, EV & ethanol will co-exist; Bajaj Auto wants to maintain agility to toggle between fuel systems: Rakesh Sharma

Rakesh Sharma, ED of Bajaj Auto, discusses the company's approach to balancing various fuel systems like gasoline, CNG, EV, and ethanol. He highlights the success of their CNG bike and emphasizes the importance of maintaining agility in fuel options. The article also touches on the impact of economic recovery on two-wheeler demand.