Shares of Waaree Energies gained 8.4% in the last two trading sessions after its U.S.-based subsidiary secured a 540 megawatt (MW) solar module supply contract from a major American developer of utility-scale solar and energy storage projects. The deal, finalized on June 27, will be executed through a one-time international supply arrangement. Waaree Solar Americas … Read more
For decades, a little-known nonprofit organization has played a central role in keeping the lights on for 65 million people in the Eastern United States. Even some governors and lawmakers acknowledge that they were not fully aware of how much influence the organization, PJM, has on the cost and reliability of energy in 13 states. … Read more
China’s trajectory couldn’t be more different. It already leads global production in multiple industries — steel, aluminum, shipbuilding, batteries, solar power, electric vehicles, wind turbines, drones, 5G equipment, consumer electronics, active pharmaceutical ingredients and bullet trains. It is projected to account for 45 percent — nearly half — of global manufacturing by 2030. Beijing is … Read more
NFO investment: SBI Mutual Fund has introduced SBI Nifty Bank Index Fund, an open-ended scheme designed to replicate the Nifty Bank Index. This scheme’s New Fund Offer (NFO) period commences on January 20, 2025, and concludes on January 31, 2025. The Nifty Bank Index includes up to 12 companies listed on the National Stock Exchange … Read more
Even as the share allotment is finalised, the Street is eagerly awaiting the debut of Waaree Energies next week, given the shares are commanding a hefty premium in the grey market. Waaree Energies shares are trading with a GMP of Rs 1350 in the grey market and considering the upper price band, the stock is … Read more
Silver is possibly the most sought-after metal in the market right now. It is trading between `91,000-95,000 per kg. In fact, it has outperformed both gold and the BSE Sensex in May. This surge can be attributed to several factors, including the ripple effect of high gold prices leading to an increased demand for silver. … Read more
Representational file image. | Photo Credit: Nagara Gopal By 2026, Indian industry will be able to manufacture solar modules worth 100 gigawatts (GW) annually, and help the country be a net exporter of solar power. This would significantly aid India’s target of installing 500 GW of electricity capacity from non-fossil sources by 2030, Bhupinder Bhalla, … Read more
Dr Yatharth Kachiar and Aditya Chauhan The war in Ukraine has brought a painful epiphany for Europe that it needs to reduce its long-overdue dependence on Russian energy. The EU meets 40 % of its natural gas requirements from Russia, also the biggest oil supplier to the bloc. However, the dependence on Russian energy is … Read more
CNN — As the US attempts to wean itself off its heavy reliance on fossil fuels and shift to cleaner energy sources, many experts are eyeing a promising solution: your neighborhood big-box stores and shopping malls. The rooftops and parking lot space available at retail giants like Walmart, Target and Costco is massive. And these … Read more
NEW DELHI: The ministry of new and renewable energy has asked solar manufacturers to provide a list of machinery and capital goods that should be exempted from basic customs duty (BCD), indicating that the duty may soon be imposed. “Ministry of New and Renewable Energy had consultation with Ministry of Finance and Department of Heavy … Read more