‘This is not just the IREDA’s IPO. It is the success of the ministry of new and renewable energy and of the renewable energy industry.’
Posts tagged Rediff
Renewable energy: Avaada, others up the ante (24-12-2023)
When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys – Mukesh Ambani’s Reliance, Adani Group, and the Tatas – were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
Income-Tax forms 1, 4 for FY2023-24 issued (23-12-2023)
The Income Tax Department has notified ITR forms 1 and 4, which are filed by individuals and entities with annual total income of up to Rs 50 lakh for FY 2023-24 (AY 2024-25). Individuals, besides Hindu Undivided Families (HUFs), firms having income up to Rs 50 lakh and those having earnings from business and profession in the current fiscal (April 2023-March 2024) can start filing returns for the income earned this financial year.
40,175 Manufacturers Vanish From Tax Data (23-12-2023)
Manufacturing’s share in the profit pool of companies had declined before the pandemic.
India Tops On Crypto Adoption (23-12-2023)
‘India’s emergence as a top crypto market comes despite a regulatory and tax environment that can be challenging for the industry to navigate.’
First Look: The 2024 Kia Sonet Facelift (23-12-2023)
The 2024 Kia Sonet facelift impresses with its comprehensive upgrades, ranging from a refreshed exterior design to advanced safety and technological features.
Forex reserves jump $9.11 bn to $615.97 bn (22-12-2023)
India’s forex reserves jumped $9.11 billion to $615.97 billion in the week ended December 15 and the quantum of increase is one of the highest for a week, according to RBI data. In the previous reporting week, the overall reserves had risen $2.82 billion to $606.86 billion. In October 2021, the country’s forex kitty reached an all-time high of $645 billion.
Forex reserves jump $9.11 bn to $615.97 bn (22-12-2023)
India’s forex reserves jumped $9.11 billion to $615.97 billion in the week ended December 15 and the quantum of increase is one of the highest for a week, according to RBI data. In the previous reporting week, the overall reserves had risen $2.82 billion to $606.86 billion. In October 2021, the country’s forex kitty reached an all-time high of $645 billion.
India’s exports resilient to global demand: CEA (22-12-2023)
India’s exports are becoming less vulnerable to changes in world demand and exchange rates, according to a publication titled ‘Re-examining Narratives: A Collection of Essays’, penned by chief economic advisor (CEA) V Anantha Nageswaran and his team. The publication pointed out that this conclusion has been drawn from the fact that there has been a decrease in the income elasticity of exports to 3.44 during 2009-2022, from 5.67 during 1991-2008, and in the inverse price elasticity of exports to 0.4 from 2.7. While a decline in elasticities is favourable in the presence of downside risks such as a decline in global demand and an appreciation of exchange rates, it may not be beneficial during boom periods.
Sensex gets a boost from IT stocks; climbs 242 points (22-12-2023)
Among the Sensex firms, Wipro jumped over 6 per cent, the most among the frontline companies. HCL Technologies, Tata Motors, Maruti, Tata Steel, Infosys, Tech Mahindra, Larsen and Toubro and JSW Steel were the other major winners. State Bank of India, Bajaj Finance, ICICI Bank, HDFC Bank, Axis Bank and IndusInd Bank were among the laggards.