(ET) Power giant NTPC on Friday said its group installed generation capacity stood at 80,265 MW after its step-down arm NTPC Renewable Energy began 110.25 MW commercial supply from 1255 MW Khavda solar project. In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Green Energy, is declared on Commercial Operation “w.e.f. 00:00 Hrs. of June 6, 2025”. NTPC Green Energy is a subsidiary of NTPC Ltd. With this, the total installed and commercial capacity…
Author: Aruna Sharma
(PIB) Union Minister for Coal and Mines, Shri G. Kishan Reddy, today inaugurated the Critical Mineral Seminar and launched the NCMM Outreach Forum under the National Critical Mineral Mission (NCMM). The launch took place during a national seminar on Critical Mineral Processing held in New Delhi. In his keynote address, the Minister emphasized the strategic significance of critical minerals for India’s clean energy transition, defence preparedness, digital economy, and advanced manufacturing sectors. He called for enhanced collaboration among government agencies, industry, research institutions, and startups to build a resilient, self-reliant critical minerals ecosystem. Shri Kishan Reddy underlined that the Outreach…
(HT) Trade talks between Indian and US officials have been extended into next week as both sides seek consensus on tariff cuts in the farming and auto sectors, aiming to finalise an interim deal before a July 9 deadline, Indian government officials said. A US delegation led by senior officials from the Office of the United States Trade Representative (USTR) held two days of discussions in New Delhi with Indian trade officials headed by chief negotiator Rajesh Agrawal, the officials familiar with the matter said. “The two countries are actively engaged in focused discussions to facilitate greater market access, reduce…
(HT) The Reserve Bank of India (RBI) cut interest rates by more than expected 50 basis points on Friday, a third consecutive reduction, and unexpectedly reduced the cash reserve ratio for banks to provide a major liquidity fillip to support the economy amid geopolitial and tariff headwinds. The RBI’s six-member monetary policy committee, headed by governor Sanjay Malhotra and consisting of three external members, voted five to one to lower the benchmark repurchase or repo rate by 50 basis points to 5.5%. It also cut the cash reserve ratio (CRR) by 100 basis points to 3%, adding ₹2.5 lakh crore…
(PIB) Union Home Minister and Minister of Cooperation, Shri Amit Shah, met officers who played a key role in recent anti-Naxal operations in New Delhi today, congratulating them on the historic success of these operations. He said that the Modi government is committed to freeing India from the menace of Naxalism. In a post on X, Union Home Minister said, “Met the officers who played a crucial role in the recent anti-Naxal operations and congratulated them on the historic success of these operations. I am eager to meet the brave jawans who made these operations successful with their courage and…
(FE) UK Foreign Secretary David Lammy met External Affairs Minister (EAM) S Jaishankar in Delhi on Friday, where he expressed condolences over the recent Pahalgam terror attack and reiterated the UK’s support in combating terrorism. Lammy also spoke about the recent progress in the India-UK Free Trade Agreement (FTA), underscoring growing education and trade cooperation. Offering condolences on the terrror attack, Lammy said, “It is obviously also sadly the case that there has been a horrific terrorist attack since we last met and my prime minister wishes me to convey once again the deep condolences of the UK and a hand of…
(PIB) The Prime Minister Shri Narendra Modi laid the foundation stone, inaugurated and dedicated to the nation multiple development projects worth over Rs 46,000 crore at Katra, Jammu & Kashmir today. Saluting the land of the brave Veer Zorawar Singh, he remarked that today’s event is a grand celebration of India’s unity and determination. Shri Modi said that with the blessings of Mata Vaishno Devi, the Valley of Kashmir is now connected to India’s vast railway network. “We have always invoked Maa Bharati with deep reverence, saying ‘from Kashmir to Kanyakumari,’ today, this has become a reality even in our…
(HT) Central banks worldwide are on track to buy 1,000 metric tonnes of gold in 2025, which would be their fourth year of massive purchases as they diversify reserves from dollar-denominated assets into bullion, consultancy Metals Focus said. Gold prices are up 29% so far this year after hitting a record high of $3,500 per troy ounce in April on geopolitical tensions and economic uncertainty as US President Donald Trump continues to roll out his tariff policies. The price rally has so far kept purchases by central banks, a crucial category of demand, unaffected with the first-quarter buying in line…
(HT) Mining major Vedanta Ltd plans to utilise ₹5,000 crore raised through its unsecured non-convertible debenture (NCD) to retire high-cost debt, that will save an estimated ₹350 crore in interest outgo, sources said. It will also use a part of the proceeds to fund its growth capex, sources added. Mining conglomerate Vedanta had last week said the committee of directors has approved raising up to ₹5,000 crore via issuance of debentures. The mining major plans to deploy funds from the ₹5,000 crore raised through its unsecured NCD issue to pay down a high-cost private credit facility of ₹3,400 crore, potentially…
(HT) Prime Minister Narendra Modi planted a banyan sapling at Bhagwan Mahavir Vanasthali Park in Delhi’s Central Ridge on Thursday, symbolically launching the ambitious Aravalli Green Wall project on World Environment Day. The initiative, part of the #EkPedMaaKeNaam campaign, aims to reforest the 670-kilometre Aravalli range that spans Delhi, Haryana, Rajasthan and Gujarat. Modi planted the sapling in memory of his mother, continuing a tradition he began last year when he planted a peepal tree on Environment Day. “The Aravalli range is one of the oldest on our planet, covering Gujarat, Rajasthan, Haryana and Delhi,” Modi wrote on X. “Our…