Reshu Madan Named CEO of Sterlite Power's GPS Business

Impending Solar Storm Threatens Earth

The global scientific community is abuzz with the news of an impending severe geomagnetic storm predicted to hit Earth late Friday night, on May 10. A series of solar flares and coronal mass ejections (CMEs) that began on May 8 are expected to trigger northern auroras and possibly disrupt satellite communications, electric power grid, and even trigger GPS problems.

Astronomers around the world pointed their telescopes at the sun on Friday, marveling at the abnormally large sunspots ever seen on the surface of the local star. The unusual solar activity gave rise to many theories and spe..

GPS Renewables Secures $50 Million Funding

GPS Renewables, a leading provider of organic waste management solutions, has successfully raised $50 million in funding. This substantial investment underscores investor confidence in the company's innovative technologies and its potential for growth in the renewable energy sector.

The funding round was led by XYZ Capital, with participation from several other investors. The infusion of capital will enable GPS Renewables to accelerate its expansion plans, enhance its research and development efforts, and scale up its operations to meet the increasing demand for sustainable waste manage..

India's Highway Toll Collection Hits Rs.64,809.86 Crore in FY24

India's highway toll collection for the fiscal year 2023-24 has reached a staggering ?648.09 billion, marking a significant surge of 34.9% compared to the previous year and hitting a five-year high, according to data released by the government.

The substantial increase in toll revenue is attributed to the expansion of tolled roads and a rise in their usage across the country. Over the past five years, toll collection has witnessed a steady growth trajectory, climbing from ?251.54 billion in 2018-19 to ?648.09 billion in FY24.

A senior official from the Ministry of Road Transport ..

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..