Indian Power Sector News

10-year low: ICICI Bank net plunges 76 per cent to Rs 701.89 cr on NPA surge - The Indian Express

Sat, 30/04/2016 - 1:43am

The Indian Express

10-year low: ICICI Bank net plunges 76 per cent to Rs 701.89 cr on NPA surge
The Indian Express
The net profit of the largest private sector bank plunged 76 per cent to Rs 701.89 crore on a standalone basis for the quarter ended March 2016 from Rs 2,922 crore in the same period of last year, indicating that private banks are not behind their ...

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ICICI pays for prudence - Calcutta Telegraph

Sat, 30/04/2016 - 1:33am

Hindu Business Line

ICICI pays for prudence
Calcutta Telegraph
The sharp fall in net profit came after the bank in a "prudent" measure made a collective contingency reserve of Rs 3,600 crore during the fourth quarter towards exposure in five sectors - power, mining, iron & steel, cement and rigs. This was over and ...
UPDATE 2-India ICICI Bank's dim view of bad loans drives quarterly profit to decade lowReuters

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A town waiting to turn the page - The Hindu

Sat, 30/04/2016 - 1:16am

The Hindu

A town waiting to turn the page
The Hindu
“The destinies of both Hindus and Muslims are tied to the success of the power-loom industry. Look around you, there can be no greater example of communal harmony,” he says, pointing around the square. “Since 2001,” he continues, “There has been no ...

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The Future of India-Saudi Arabia Relations - The Diplomat

Sat, 30/04/2016 - 12:18am

The Diplomat

The Future of India-Saudi Arabia Relations
The Diplomat
Apart from enhancing the ease of doing business, India had recently relaxed the norms pertaining to FDI in many sectors – mining, construction, defense, and civil aviation among them. The Gulf states – particularly the UAE, Saudi Arabia, and Qatar ...

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India Attracted $14 Billion In Renewable Energy Investment In 3 Years - CleanTechnica

Fri, 29/04/2016 - 9:28pm

India Attracted $14 Billion In Renewable Energy Investment In 3 Years
CleanTechnica
Investment in the solar power sector is expected to increase significantly over the next few years and overtake wind energy as the most attractive sector. Over the next 6 years, India plans to add over 33 GW of wind energy capacity and more than 93 GW ...

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BoJ status quo, ICICI Bank disappointment and the week that was - Indiainfoline

Fri, 29/04/2016 - 7:08pm

Business Today

BoJ status quo, ICICI Bank disappointment and the week that was
Indiainfoline
These include recent interest rates cut, the launch of the Made in India program, reforms in the power generation industry, and strengthening of the country's telecommunications and internet networks. It has also opened up key sectors such as railways, ...
Sensex falls below 26000 level as BOJ keeps policy unchangedBusiness Standard

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Data Sheet—Friday, April 29, 2016 - Fortune

Fri, 29/04/2016 - 6:06pm

Data Sheet—Friday, April 29, 2016
Fortune
Meanwhile, clean energy companies are steadily reducing the cost of solar and wind power so that it becomes more financially attractive than coal. So please, Silicon Valley, think big. Keep this journalist from becoming even ... Modi unveiled an ...

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India's Tata Power Eyes 40% Renewable Energy Share - CleanTechnica

Fri, 29/04/2016 - 4:02pm

CleanTechnica

India's Tata Power Eyes 40% Renewable Energy Share
CleanTechnica
One of India's leading private sector power generation companies has announced plans to make renewable energy a major part of its operations. Tata Power, part of the famous Indian industrial conglomerate Tata Group, has announced plans to increase its ...
A Bright Future For India?BW Businessworld
Two years on, here's the report card of Modi army's lieutenant Piyush GoyalBusinessinsider India
India will lead the world towards clean energy rather than follow: Piyush GoyalIndiainfoline

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ICICI Bank's dim view of bad loans drives quarterly profit to decade low - Reuters

Fri, 29/04/2016 - 3:57pm

Reuters

ICICI Bank's dim view of bad loans drives quarterly profit to decade low
Reuters
NS), India's largest private sector lender, expects more loans made to sectors like steel may sour, a belief that forced it to set aside a bigger sum to cover any losses from them and drove its quarterly profit down to a decade low. Indian lenders ...
BoJ status quo, ICICI Bank disappointment and the week that wasIndiainfoline
Sensex falls below 26000 level as BOJ keeps policy unchangedBusiness Standard

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India's Tata Power Eyes 40% Renewable Energy Share - CleanTechnica

Fri, 29/04/2016 - 3:56pm

CleanTechnica

India's Tata Power Eyes 40% Renewable Energy Share
CleanTechnica
One of India's leading private sector power generation companies has announced plans to make renewable energy a major part of its operations. Tata Power, part of the famous Indian industrial conglomerate Tata Group, has announced plans to increase its ...
A Bright Future For India?BW Businessworld
Two years on, here's the report card of Modi army's lieutenant Piyush GoyalBusinessinsider India
India will lead the world towards clean energy rather than follow: Piyush GoyalIndiainfoline

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Indian State Of Gujarat Announces Subsidy For Rooftop Solar Power Systems - CleanTechnica

Fri, 29/04/2016 - 3:32pm

CleanTechnica

Indian State Of Gujarat Announces Subsidy For Rooftop Solar Power Systems
CleanTechnica
While the utility-scale projects have attracted investment from Indian and foreign developers, the government has not been as enthusiastic to promote rooftop solar power systems. Success in this sector is likely to depend on the pace of implementation ...

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ICICI Bank's Quarterly Profit Plunges To Lowest Since 2006 - NDTV

Fri, 29/04/2016 - 2:43pm

NDTV

ICICI Bank's Quarterly Profit Plunges To Lowest Since 2006
NDTV
Mumbai: ICICI Bank, India's largest private sector lender by assets, reported its quarterly profit plunged three-fourths to the lowest in nearly a decade as provisions for bad loans jumped. The bank said on Friday net profit fell 76 percent to Rs. 702 ...

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Earnings likely to recover to 15%-17% in FY17: Prasad Koparkar - Business Standard

Fri, 29/04/2016 - 2:30pm

Business Standard

Earnings likely to recover to 15%-17% in FY17: Prasad Koparkar
Business Standard
Some Indian pharma exporters have received warnings from the US FDA on production practices at some of their facilities in the country. What is your call on the pharma sector and what could be the key drivers for growth of the sector, going forward?

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EPFO should invest in diverse instruments to minimise risk and maximise returns - Economic Times

Fri, 29/04/2016 - 10:47am

Economic Times

EPFO should invest in diverse instruments to minimise risk and maximise returns
Economic Times
The bulk of EPFO's money is held only in government bonds and the rest is parked in securities issued by banks and public sector enterprises. A cut in the ... And pension funds from across the globe invest in Indian stocks. So, there is .... Recently ...

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Twenty stocks in focus in Friday morning trade - Economic Times

Fri, 29/04/2016 - 8:07am

Twenty stocks in focus in Friday morning trade
Economic Times
ICICI Bank: The private sector bank is expected to report 6.8 per cent year-on-year (YoY) growth in its net profit to Rs 3120 crore for the quarter ended March 31, compared to Rs 2922 crore reported in the year-ago period, according to an ET Now poll ...

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Odisha Self-sufficient in Power Generation, Claims Government - The New Indian Express

Fri, 29/04/2016 - 6:11am

The New Indian Express

Odisha Self-sufficient in Power Generation, Claims Government
The New Indian Express
BHUBANESWAR: The State Government on Thursday claimed to have achieved self-sufficiency in power generation despite the fact that it is getting 400 MW through power banking from Punjab and Delhi to meet the shortfall during summer. "Power ...

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Techno Electric & Engineering ensures superior margins; may maintain 20-22% growth in order book - Economic Times

Fri, 29/04/2016 - 4:26am

Techno Electric & Engineering ensures superior margins; may maintain 20-22% growth in order book
Economic Times
The return on capital employed (RoCE) excluding the wind power business is 25%, nearly double than the sector's average. At the end of the ... Indian electricity transmission & distribution (T&D) business has been under invested. Globally, an equal ...

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Govt infra space should do well, but pick stocks carefully: Ashmore Group - Economic Times

Fri, 29/04/2016 - 3:45am

Govt infra space should do well, but pick stocks carefully: Ashmore Group
Economic Times
Investors in general are underweight on EMs as a whole and when flows come back, India will benefit too, even if investors are already overweight. The real key to ... Plenty of action in the power sector where coal and transmission looks promising. Mid ...

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Policies for low carbon development - Livemint

Fri, 29/04/2016 - 2:08am

Livemint

Policies for low carbon development
Livemint
One reason for energy inefficiency in Indian industry is the unreliability of grid power, which forces many smaller units to invest in captive electricity generation, which is much less energy-efficient than grid-based supply. Improvement in the ...

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Solar Business Models For Growth: The Private Sector Needs to Lead on India's Rural Electrification Deficit - Huffington Post

Fri, 29/04/2016 - 1:06am

Solar Business Models For Growth: The Private Sector Needs to Lead on India's Rural Electrification Deficit
Huffington Post
CEEW also found that almost half of households without electricity were connected to the grid, showing that lack of infrastructure is only one layer of inadequate power delivery. Coupled with unclear regulatory policies and the high cost of capital ...

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