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ELECTRICITY DEMAND SURGE JULY 2024
India's coal-fired power output in June rises to highest since November 2023India's electricity demand surged in June, pushing coal-fired power generation to a near three-year high. Record heatwaves and a weak monso...- IC Electricals IPO opens today: Grey market signals a strong 40% listing premiumIC Electricals will launch its NSE SME IPO, comprising an entirely fresh issue of 48.39 lakh equity shares. The IPO will remain open from J...
- Auto companies stick to fast lane in pay hikes, tooExpect substantial salary increases in India's auto sector, with average hikes projected at 10.3% in 2026, surpassing the general corporate...
- Tata Motors PV Q1 update: Sales jump 46%; JLR volumes hit by supply disruptions and Middle East conflictTata Motors reported a 46% rise in passenger vehicle sales for the June quarter, driven by strong demand and record EV sales. However, Jagu...
- Electric vehicle sales gain speed as costlier fuel and better infrastructure drive adoptionElectric vehicle sales are accelerating, with e-cars more than doubling registrations in June and the June quarter seeing an 89% surge. Thi...
- BYD India hikes prices of select variants of vehicles by up to Rs 1 lakhElectric carmaker BYD India is set to increase prices on select variants of its passenger vehicles by up to Rs 1 lakh, effective July 1, 20...
- Tata Motors Passenger Vehicles' June sales jump 69%; EV volumes more than doubleTata Motors Passenger Vehicles witnessed a remarkable 69% surge in June sales, reaching 63,083 units, propelled by strong demand and a doub...
- EVs to account for 10% of India's car market by FY28, says Tata Motors' Shailesh ChandraElectric cars are poised to capture nearly 10% of India's passenger vehicle market by the end of fiscal year 2027, according to Tata Motors...
- KKR in talks with JSW to drive in MG Motors JV with $400 mn investmentA combination of primary infusion and secondary share sale is planned as valuation doubles to $3 billion in 3 years. Sajjan Jindal led grou...
- Nearly 45% homes in India need electrical upgrades for safe EV charging: ReportA new report reveals that nearly half of Indian homes require electrical upgrades to safely charge electric vehicles. With EV adoption risi...
- Stainless steel industry seeks end to QCO relief from July 1India's stainless steel makers are urging the government to reinstate strict quality control norms from July 1, warning that a temporary re...
- Samsung, SK Hynix mega South Korea chips gamble tests optimism of AI cycleSouth Korean tech giants Samsung and SK Hynix are investing billions in AI chip production, a move lauded by President Lee Jae Myung. While...
- Ola Electric, Ather Energy shares jump up to 11% as Delhi govt approves new EV policy. What to expect?Shares of Ola Electric and Ather Energy surged up to 11% after the Delhi Cabinet approved the EV Policy 2.0 with a Rs 15,000 crore outlay. ...
- Sri Lanka reduces fuel prices after Middle East ceasefireSri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices...
- 6 IPOs open for subscription with GMPs up to 28%. Check all detailsThe fresh offerings come amid mixed investor interest in the SME segment, although listing performance has remained muted in recent weeks, ...
- Power demand tops 250 GW as weak monsoon keeps heat onIndia's peak power demand is soaring above 250 GW due to lingering heatwaves, outpacing a sluggish monsoon. Authorities are preparing conti...
- Trump clean energy tax credit cutoff drives project rush as prices set to soarThe phaseout of the 20-year-old subsidies, accelerated under President Donald Trump's 2025 tax law, could drive contract prices for wind ...
- Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRIA potential anti-dumping duty on crucial cold-rolled grain-oriented electrical steel (CRGO) imports could significantly hike transformer ma...
- China's EV exports in May rise 50% on-year to reach record highChina’s exports of electric vehicles hit a record $9.2 billion in May, rising nearly 50% year-on-year, as global demand for cleaner transpo...
- US stocks: Vedanta's CopperTech Metals targets $3.6 billion valuation in US IPOCopperTech Metals is targeting a valuation of $3.57 billion in its forthcoming U.S. IPO, aspiring to generate up to $423.5 million. This pr...
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