Business
The Supreme Court of India has ordered all states and union territories to clear the unpaid dues owed to electricity distribution companies (discoms). These unpaid amounts, called “regulatory assets,” must be fully repaid within four years starting April 1, 2024. Limits and New Rules for Tariffs The court has also mandated that any new regulatory […]
Business
Bharat Heavy Electricals Limited (BHEL), a government-owned engineering company, reported a larger loss for the first quarter of fiscal year 2025-26. The company’s consolidated net loss widened to ₹455.5 crore, compared with a ₹211.4 crore loss in the same period last year. This loss more than doubled compared to the year-ago quarter. Revenue and Expenses […]
Business
Nvidia Appeals to US Over China Chip Export Curbs Says ‘No Such Thing as a Good Blacklist’ in Global Tech Nvidia has issued a strong message directed at both the Chinese government and the Biden administration, urging cooperation over confrontation in the global chip trade. The statement comes amid tightening U.S. restrictions on advanced semiconductor […]
Business
Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 21% year-on-year increase in consolidated revenue for the first quarter of fiscal year 2026, reaching ₹9,126 crore. The growth was driven primarily by strong performance in the logistics segment, which doubled in revenue, and marine services, which saw nearly a threefold increase. Profit and EBITDA […]