Reliance resumes vessel operations at Sikka Port after cyclone

NSE-listed companies' CSR spending reached Rs 155.24 bn in FY23

India Inc.'s corporate social responsibility (CSR) spends reportedly increased by 5% from Rs 148.16 billion in FY22 to Rs 155.24 billion in FY23 across 1,296 NSE-listed companies. It was highlighted that HDFC Bank (Rs 8.20 billion), Tata Consultancy Services (Rs 7.83 billion), and Reliance Industries (Rs 7.44 billion) were the top contributors in this regard.

It was noted that ten companies, including the aforementioned three, collectively contributed to 33% of the total CSR expenditure in FY23, as per data exclusively shared with ET by primeinfobase.com, an initiative of Prime Databas..

Reliance, JSW among bidders for ACC Battery Scheme

Reliance Industries Limited, JSW Energy, and five other prominent companies have submitted bids for the ambitious 10-gigawatt-hour (GWh) advanced chemistry cell (ACC) battery manufacturing project under the Production Linked Incentive (PLI) scheme. The initiative, aimed at bolstering domestic production of batteries for electric vehicles and energy storage systems, has attracted significant interest from industry leaders.

The PLI scheme, part of the Indian government's efforts to promote domestic manufacturing and reduce dependence on imports, offers financial incentives to companies ..

Reliance secures approval for KG-D6 Investment

Reliance Industries Limited has received approval from the Indian government to make further investments in its KG-D6 gas project, aimed at enhancing gas production. This move signals a significant step forward in the company's efforts to boost domestic energy production and reduce dependency on imports.

The investment approval granted by the government underscores its commitment to facilitating the development of domestic energy resources, which is crucial for ensuring energy security and driving economic growth. Reliance's continued investments in the KG-D6 project align with the go..

Myanmar in talks with Russia to build deepsea port & oil refinery

The decision by Myanmar's ruling junta to choose Russia for the construction of a Dawei deep seaport on the country's east coast has angered China, which had also been considering building the port near the Thailand border.

It has been learned that the Myanmar junta is interested in having Russian investment in the port project, along with the establishment of a special economic zone that includes an oil refinery.

China had previously conducted a feasibility study of the Dawei port but decided to focus on building the Kyakphyu deep seaport, which is near the Sittwe port built b..

Jaishankar: Chabahar Port benefits region despite US warning

External Affairs Minister S Jaishankar remarked that the Chabahar port would benefit the entire region, emphasising the need to avoid a narrow perspective, in response to the US warning about potential sanctions for countries engaging in business with Iran. He mentioned during a program in Kolkata that historically, the US has acknowledged the broader significance of the Chabahar port.

India entered into a 10-year contract to manage the strategic Iranian port of Chabahar, aiming to enhance trade with Central Asia.

Jaishankar elaborated on India's longstanding relationship with ..