latest Market News

 In an attempt to help the East African country, a credit of $205 million has been offered to Uganda by India to expand its infrastructure for electricity distribution and boost the local workforce through investments in the agricultural sector. The statement released in Kampala, also informed that Mr Narendra Modi , Prime Minister of India and  Mr Yoweri Museveni , President of Uganda also discussed the reform of the UN Security...

  • Posted on : Tuesday , 14th August 2018
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 The state of Karnataka has surpassed Tamil Nadu to become India’s biggest renewable power producer with an installed capacity of 12.3 gigawatts. This includes 4.7 GW of wind, 5 GW of solar, and around 2.6 GW of other Renewables such as biomass, small hydro, and heat and power cogeneration.    Over the last year, solar power and wind have become cheaper than thermal energy in India. On the other hand, the thermal power...

  • Posted on : Monday , 13th August 2018
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 With China on the look for new trade partners, it is gearing up to  give a smooth regulatory nod to Indian manufactured drugs, the head of an Indian export promotion group said. This comes as at a  time when Beijing’s commercial scene with the Unites States has come under a cloud. Trade officials in New Delhi informed that many firms from India have been trying to reach the Chinese market in terms of generic drugs,...

  • Posted on : Tuesday , 7th August 2018
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 The Solar Energy Corporation of India (SECI) has tendered 750 MW of grid-connected solar photovoltaic (PV) projects to be developed on standalone basis across Rajasthan.   SECI has fixed ₹2.93 (~$0.0427)/kWh as the upper tariff ceiling for this tender. The projects will have minimum individual capacities of 10 MW and will be set up in multiples of 10 MW, with a cumulative capacity of 750 MW.   A single bidder must bid for...

  • Posted on : Monday , 13th August 2018
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 A safeguard duty on solar cells imported from Malaysia and China for two years was recently imposed by India to protect domestic players from the rise in the inbound shipments of the product.   This comes following recommendations by the Directorate General of Trade Remedies (DGTR). As per the notification of the finance ministry, 25 per cent safeguard duty has been imposed for July 30 to July 29, 2019, which will gradually come...

  • Posted on : Monday , 13th August 2018
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