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Average power price on Indian Energy Exchange hits 13-year high in March - Times of India

Average power price on Indian Energy Exchange hits 13-year high in March – Times of India

[ad_1] NEW DELHI: The average power purchase price on India’s largest electricity exchange, Indian Energy Exchange Ltd, surged in March to the highest level since April 2009, data on the company’s website showed, reflecting a steep rise in electricity demand. Power demand during March rose at the fastest pace in three months, with electricity shortages …

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Tata Motors to invest Rs 24,000 crore in passenger vehicles business - Times of India

Tata Motors to invest Rs 24,000 crore in passenger vehicles business – Times of India

[ad_1] MUMBAI: On a roll after becoming the top SUV maker in India — ahead of traditional heavyweights Hyundai, Maruti and Mahindra & Mahindra — Tata Motors is lining up one of its biggest investment plans for its passenger vehicles business as looks to pump in more than Rs 24,000 crore over the next five …

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Some Indian refiners set to cut May Saudi oil, snap up Russian barrels - Times of India

Some Indian refiners set to cut May Saudi oil, snap up Russian barrels – Times of India

[ad_1] NEW DELHI: At least two Indian refiners plan to buy less Saudi oil than usual in May, after the kingdom raised the official selling price (OSP) to record highs for Asia, two sources said on Wednesday, as India increases purchases of cheap Russian crude. India, the world’s third biggest oil importer and consumer, has …

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Invesco funds to divest up to 7.8% stake in ZEEL - Times of India

Invesco funds to divest up to 7.8% stake in ZEEL – Times of India

[ad_1] NEW DELHI: Investment firm Invesco on Wednesday said three funds managed by its developing markets investment team, including Invesco Developing Markets Fund, will sell up to 7.8 per cent of the share capital of Zee Entertainment Enterprises Ltd (ZEEL) to align exposures to the firm with other funds managed by the team. Invesco, which …

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'BPCL buys 2 million barrels of Russian Urals for May loading' - Times of India

‘BPCL buys 2 million barrels of Russian Urals for May loading’ – Times of India

[ad_1] NEW DELHI: Bharat Petroleum Corp Ltd (BPCL) has bought 2 million barrels of Russian Urals for May loading from trader Trafigura, two sources familiar with the purchase said. Refiners in India, the world’s third biggest oil importer and consumer, have been snapping up Russian oil through spot deals since Russia’s invasion of Ukraine on …

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Elon Musk's Twitter bet gins up meme stock hype - Times of India

Elon Musk’s Twitter bet gins up meme stock hype – Times of India

[ad_1] NEW YORK: Kyle Ash snapped up 2,000 pounds ($2,615) worth of Twitter shares as soon as he heard that Elon Musk had become the social media company’s largest shareholder. The 25-year-old retail worker from Reading, Britain bought into Twitter on Monday after shares surged 27% on news of Musk’s investment in the San Francisco-based …

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Maruti Suzuki to hike vehicle prices this month - Times of India

Maruti Suzuki to hike vehicle prices this month – Times of India

[ad_1] NEW DELHI: The country’s largest carmaker Maruti Suzuki India (MSI) on Wednesday said it will increase prices of its entire model range this month amid rise in input costs. Over the past year, the cost of the company’s vehicles continued to be adversely impacted due to increase in various input costs, the auto major …

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India to grow at 7.5% in FY23 on strong investment, to rise to 8% next fiscal: ADB - Times of India

India to grow at 7.5% in FY23 on strong investment, to rise to 8% next fiscal: ADB – Times of India

[ad_1] NEW DELHI: India is likely to maintain its position as the fastest-growing major economy with the ADB outlook projecting a growth rate of 7.5 per cent for 2022-23 on strong investment prospects against 5 per cent for China in January-December 2022. The Asian Development Bank (ADB) Outlook 2022 said that India’s growth in the …

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Sensex falls 566 points dragged by HDFC twins; Nifty settles at 17,807 - Times of India

Sensex falls 566 points dragged by HDFC twins; Nifty settles at 17,807 – Times of India

[ad_1] NEW DELHI: Domestic benchmark indices plunged for the 2nd straight session on Wednesday dragged by financial and IT shares. The 30-share BSE index fell 566 points or 0.94 per cent to close at 59,610; while, the broader NSE Nifty settled 150 points or 0.83 per cent lower at 17,808. HDFC twins were the biggest …

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India says trying to stabilise economic transactions with Russia - Times of India

India says trying to stabilise economic transactions with Russia – Times of India

[ad_1] MUMBAI: The foreign minister said on Wednesday the government is working to stabilise economic transactions with Russia, a day after India condemned killings of civilians in Ukraine and called for an independent probe. S.Jaishankar told lawmakers in the Parliament that Russia continues to be a critical economic partner and efforts were underway to “stabilise …

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