FID
Regulator approval must for new LNG import terminal
The Petroleum and Natural Gas Regulatory Board (PNGRB) has mandated prior approval for establishing or expanding LNG import terminals, aiming to boost natural gas usage to 15% of India's energy mix by 2030. While promoting competition and preventing wasteful investments, the new regulations surprisingly eliminate the requirement for reserving terminal capacity for third-party access.
Green hydrogen and the Net-Zero economy: India’s path to a sustainable energyfuture
India is strategically positioned to lead in green hydrogen, leveraging its renewable resources and growing energy needs. A recent roundtable emphasized industry collaboration, policy clarity, and financial strategies to scale hydrogen adoption. Addressing infrastructure gaps and securing long-term off-take agreements are crucial for India to become a global green hydrogen leader.
Nightmare for investors! Falcon crash wipes out crores of life savings
Investing in Falcon Invoice Discounting (FID) has led many individuals, including techies and professionals, to lose their savings and incur significant debts. Promises of high returns tempted investors to use their life savings and credit cards for these deals. Now, with the platform unresponsive and payments halted, thousands seek legal recourse to recover their funds.
Mangaluru International Airport now a silent zone
The Mangaluru International Airport has introduced a new policy to minimize passenger announcements over the public address system (PA), promoting a quieter environment for travelers. Instead, passengers will rely on the Flight Information Display System (FIDS) for flight updates, including gate changes and delays. FIDS screens are strategically located both inside and outside the terminal, with additional display boards for updates.
Indian grandmaster Koneru Humpy finishes second in Women's candidate
The real story of the day was R Vaishali who scored her fifth victory on the trot at the expense of Kateryna Lagno of Russia to tie for the second spot before finishing fourth on tiebreak. Tan finished with 9 points in all, 1.5 points clear of the nearest rivals Humpy, Lei and Vaishali who all finished second to fourth respectively.
Praggnanandhaa, Vidit score crucial victories; Gukesh continues in joint lead
In a brilliant sixth-round display, Grandmaster R Praggnanandhaa and Vidit Gujrathi secured commanding victories, while D Gukesh maintained his joint top position with a draw at the Candidates Chess Tournament. Praggnanandhaa triumphed over Nijat Abasov of Azerbaijan, Gujrathi outplayed Frenchman Alireza, and Gukesh secured a draw against American Hikaru Nakamura. With eight rounds remaining, Gukesh and Ian Nepomniachtchi share the lead in the men's section. In the women's competition, disappointment struck for India as R Vaishali and Koneru Humpy faced defeats, while Zhongyi Tan of China continues to dominate.
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Dynasty Acquisition pares 2.14 pc stake in Shriram Finance for Rs 1,040 cr
Dynasty Acquisition (FPI) offloaded a total of 79,96,867 shares in eight transactions, amounting to a 2.14 per cent stake in the company, according to the block deal data available with the BSE.
NSE-BSE bulk deals: Goldman Sachs cuts stake in Magma Fincorp
Goldman Sachs India sold 53,95,905 shares of Magma Fincorp at Rs 33.08 per share. At the end of June quarter, it held 2.11 per cent stake in the company.
Global oil supply to fall 6% by 2030 due to delayed projects: Data
Oil and gas companies across the world have slashed investment budgets.
OVL, partners agree to invest $20 billion in Mozambique LNG project
The project will initially consist of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum.
View: The world’s last coal plant will soon be built
The significance of coal's fall isn’t apparent until you compare it to the pace at which plants are closing down.
There has been no nudge from govt asking us to absorb oil price rise: D Rajkumar, BPCL
“If crude price goes up by $1, the impact on ex-storage point price, would be around 45 paisa.”
FMC staff behind MCX founder’s Rs 100 crore gain: CBI
The CBI cites this as one example of how former FMC officials allegedly gave “illegal benefits” to MCX.
New development plan okayed for Mozambique gas field where Indian firms hold stake
The Golfino Atum Project will be Mozambique’s first onshore LNG development and will supply initial volumes of about 100 million cubic feet of natural gas per day.
Dark-pool clampdown ensnaring 74% of European equities
74% of the continent's biggest stocks would have breached the caps over a year-long study period.
Chennai airport goes into "silent mode"
This was done in an effort to enhance efficiency in serving travellers, authorities said and added that as part of initiative, the airport had made arrangements for information through digital displays.
Projects in sub-Saharan Africa to help ease global crude supply
The company’s latest report states that Nigeria is set to lead the region in terms of number of planned projects, with 11, followed by 8 in Angola.
Slump in LNG prices delays production at Mozambique gas field
The Mozambique project, however, is not unique in this as many other projects globally face the same stress brought on by the price crash.
Yusuffali buys over 2 per cent stake in South Indian Bank
The Kerala businessman, who is based in the Gulf region, already has stakes in at least two other lenders -- Federal Bank and Dhanlaxmi Bank.
LuLu Group chief Yusuffali M A buys over 2 pc stake in South Indian Bank
NRI businessman Yusuffali M A acquired more than two per cent stake in South Indian Bank for an estimated Rs 63 crore.
Fog hits flight operations at IGI airport; 200 flights affected
A total of 19 domestic and international flights were cancelled, seven diverted and rest were delayed by over three to four hours.
Law should draw line between independent directors & executive directors: E&Y report
The legislature must draw a line between IDs and EDs by defining their functional responsibilities & liabilities, the report said.
Anchor investors get Tata Steel at Rs 610/sh
Tata Steel’s committee of board of directors in consultation with the book running lead managers has finalised allocation of 83,25,000 shares to anchor investors at price of Rs 610 per equity share ahead of its follow-on public offer.
DB Corp IPO draws Rs 69.36 crore from 9 anchor investors
Media house DB Corp has received a commitment of Rs 69.36 crore from nine anchor investors for its initial public offer, opening on Friday.
Commodity exchanges to reduce foreign investment in six months
The government on Wednesday gave six months extra time to commodity exchanges till March 31, 2010 to reduce the foreign investment in them to the limits prescribed.
Fidelity takes 3.13 per cent in Satyam for Rs 113 cr
Institutional investor Fidelity has bought a 3.13 per cent stake in troubled Satyam Computer for over Rs 112.88 crore in open market transactions.
Satyam scam: Khusrokhan, Datta may form top team
Khusrokhan is expected to be in charge of Satyam's management, while Datta will look after finance. Top Accounting scandals | Great fall of Satyam | Satyam Scam
AOCC set up for smooth airport operations
To maximise efficiency of available resources to streamline the airport operations and provide faster information about the flights to passengers, an Airport Operation Command Centre has been set up at the IGI airport.
Temasek offloads 5.26 pc stake in Apollo
Temasek Holdings, the Singapore government's investment company, has sold its full 5.26 per cent stake in healthcare major Apollo Hospitals Enterprise for Rs 133.68 crore.
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