Adani Group is doubling its coal-fired power capacity to 24 GW, and plans to own, develop or operate new coal mines with a combined capacity of 132 million tons a year.
Mukesh Ambani has leaned toward data-driven consumer businesses like retail & telecom, while Gautam Adani has focused on infrastructure & utilities. Clean energy would see them overlap.
SBI needs to finance coal projects to meet Modi's push to electrify more homes, yet it wants to back renewable projects to appease investors restricting support to firms involved in coal.
According to a report, the share of renewables in the power mix needs to climb to 90%, a more than eight-fold increase from now, for India to meet its net-zero goal.
According to UK-based clean energy group Ember, there is a chance coal power never has to breach 2018 levels again if the Indian govt meets its renewable energy goals.
At least 20 ships are anchored off the Chinese port of Jingtang and unable to offload millions of tons of Australian coal. Fifteen of them have been waiting since June.
Appetite for coal is roaring back in Asia, which makes up three-fourths of global consumption & is expected to continue growing after Covid disruption.
For all its obvious blemishes, capitalism alone holds out the most creative and dynamic force that any civilization has ever discovered, wrote BP Godrej in 1980.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
This is the first major attack on central security forces since last November, when a CRPF jawan was killed and four were injured in an ambush in Jiribam on Manipur-Assam border.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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