Indian Railways renegotiates Vande Bharat order to 80 high-capacity trainsets to be manufactured in Latur; JV Kinet on-board
Indian Railways has renegotiated its ₹35,000 crore Vande Bharat order with the Indo-Russian JV, Kinet Railway Solutions. The new order consists of 80 trainsets, instead of 120; but with larger capacity having a 24-coach configuration, instead of originally planned 16. Kinet Railway Solutions reportedly has agreed to the change in
Govt proposes 15-year PPA for FDRE projects with battery storage
The Power Ministry has proposed a 15-year power purchase agreement (PPA) for tariff-based competitive bidding of 15 years in (TBCB) projects aimed at supplying firm and dispatchable power from grid-connected renewable energy (FDRE) projects with Energy Storage Systems (ESS). This is part of the amendments to the guidelines for TBCB
China’s greater integration with ASEAN worries India in its FTA review
The ASEAN’s deeper economic integration with China in the last 15 years since India’s free trade agreement (FTA) with the bloc was forged has thrown a big challenge for the country in the ongoing review of the pact, sources said. India is trying to guard against the risk of the
TruAlt Bioenergy secures ethanol order for 2024-25 with OMCs
TruAlt Bioenergy has secured a contract for ethanol supply with India’s top oil marketing companies (OMCs) under the ethanol blending programme for the Ethanol Supply Year (ESY) 2024-25. A media statement said this contract covers a volume of 300 million litres. In addition to this, TruAlt Bioenergy has secured an
Ninjacart pares losses to ₹259 cr for fiscal 2024
Agritech firm Ninjacart said on Tuesday that its operating revenue for fiscal year 2024 soared to ₹2,002.7 crore, an increase of 74 per cent from previous year’s ₹1,153.4 crore. The company’s efforts have resulted in a 20 per cent reduction in losses to ₹259.6 crore in FY24 from ₹326.3 crore
Helping lift economic status of rural women — the Kissandhan way!
Radha Bheru and her family in Dhabla in Madhya Pradesh’s Mandsaur district cultivate wheat on the 2 acres of farm they own yearly. The family cannot grow any crop during kharif as water from neighbouring farms enters their farms. It made them toil as agricultural workers. Four years ago, the
Arya.ag bags $19.8 million from US International Development Finance Corporation
Arya.ag, a grain commerce platform, has secured $19.8 million from the US International Development Finance Corporation (DFC) to guarantee a debt facility for its agri-commerce subsidiary, Aryatech. These funds will be utilised to connect farmers and Farmer Producer Organizations (FPOs) with buyers across the country, ensuring payment security, transaction transparency,
India defers plan to hike minimum selling price of sugar, for now
With the average retail selling price hovering around ₹45/kg, the Committee of Ministers, headed by Home Minister Amit Shah, has reportedly deferred a proposal to raise the minimum selling price (MSP) of sugar for now. The last price revision happened six years ago, though. With a view to protect the
AP Govt to offer incentives for innovative applications of drones
Andhra Pradesh Chief Minister N Chandrababu Naidu has on Wednesday said the government is ready to offer incentives for innovative applications of drones in various sectors. He was interacting with the manufacturers of drones at the Amravati Drone Summit 2024 in Vijayawada on Wednesday. In the summit, Marut Drones launched AG365H, India’s
New audit firm quality management standards not classified as ‘auditing standards’: CA Institute
The CA Institute has said that its newly-issued audit firm quality management standards do not fall within the definition of “auditing standards”. These two standards —SQM 1 and SQM 2 — issued on October 14 are outside the purview of Section 143 (10) of the Companies Act, 2013, sources in