Gold
LT considers exit amid free rides
Larsen & Toubro (LT), the infrastructure giant, is contemplating exiting the Hyderabad Metro project due to significant revenue losses attributed to free bus rides. The potential departure of LT from this vital infrastructure initiative could have profound implications for the city's public transportation landscape.
The Hyderabad Metro, a joint venture between LT and the Hyderabad Metro Rail Limited (HMRL), has been instrumental in easing commuting woes since its inception. However, the provision of complimentary bus services alongside metro rides has substantially impacted LT's reven..
SolarEdge's Q1 2024 Net Loss Narrows
In Q1 2024, SolarEdge showcased a significant narrowing of its net loss, which stood at $108.6 million, marking a positive trend compared to previous periods. This improvement reflects the effectiveness of the company's strategic initiatives aimed at optimising operational efficiency and enhancing cost management. SolarEdge's robust performance in the face of market uncertainties underscores its position as a formidable player in the renewable energy sector.
Key highlights of SolarEdge's Q1 2024 financial report include increased revenue streams driven by sustained demand for its innov..
Tech-Driven Policy Vital for Progress: DST Secretary
In the pursuit of sustainable development, the integration of cutting-edge technology into policy frameworks emerges as a pivotal strategy. The Secretary of the Department of Science and Technology (DST) emphasises this synergy, highlighting its indispensable role in propelling progress within the renewable energy sector. As nations worldwide navigate the transition towards greener energy alternatives, strategic policy initiatives infused with technological advancements stand as the cornerstone of success.
Key stakeholders, including policymakers, industry leaders, and environmentalis..
IL&FS Requests New MMRDA Nod for Mumbai HQ Transfer
IL&FS has sought renewed approval from the Mumbai Metropolitan Region Development Authority (MMRDA) to transfer its headquarters within Mumbai. This move indicates IL&FS's commitment to navigating regulatory requirements amid ongoing restructuring efforts.
IL&FS's request for new approval underscores its determination to ensure compliance with all necessary regulations and expedite the headquarters transfer process. It reflects the company's efforts to streamline its operations and address administrative challenges as part of its restructuring endeavours.
The need for fresh appro..
Malaysian Carbon Credit Auction Begins July
In a significant move towards environmental sustainability, Malaysia's carbon exchange will host its first local carbon credit auction in July. This event marks a pivotal step in the nation's commitment to reducing carbon emissions and fostering a green economy.
The Malaysian carbon exchange aims to provide a structured marketplace for carbon credits, where companies can buy and sell these credits to offset their carbon footprints. This initiative aligns with global efforts to mitigate climate change by encouraging businesses to adopt more sustainable practices.
The auction w..
