Policy easing seen cushioning Greater China slowdown in 2022 – report

Sovereign credit profiles across greater China are expected to remain stable in 2022, as the region’s strong financial buffers offset rising growth pressures associated with pandemic-related uncertainty and mainland China’s property-sector stress, Fitch Ratings said in a report. The ratings on China, Hong Kong, Macao and Taiwan are all on Stable Outlook, it added. Fitch […]

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Twelve million people now employed in the renewable energy sector: IRENA and ILO

A recent report by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO) states that renewable energy employment worldwide reached 12 million in 2020, up from 11.5 million in 2019. According to the report, in spite of the slowdown caused by the covid-19 pandemic, solar and wind jobs continued to grow and accounted for 4 million and 1.25 […]

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Coal India subsidiary, Northern Coalfields Ltd. dispatches highest ever coal of 3.87 lakh tonnes in a single day

Coal India-led subsidiary, Northern Coalfields Limited (NCL) has dispatched the highest ever coal in a single day last week on 27 August, 2021. NCL’s offtake grew to a whopping 3.87 lakh tonnes. As per the Coal Ministry data, NCL has also sent the highest ever, 38 Coal Rakes of Indian Railway to upcountry coal consumers […]

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JNPT’s cargo volumes achieve pre-Covid levels during April-July 2021 period

Mumbai-based Jawaharlal Nehru Port Trust (JNPT) at Nhava Sheva – the country’s largest container port – has achieved pre-Covid volumes of cargo between April and July 2021 on increasing export momentum. The port authorities said it aims to sustain pre-Covid levels of cargo volumes, despite continued container shortage. “JNPT has already regained its traffic to pre-Covid levels […]

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Adani Ports’ net profit jumps by 77% to Rs 1,342 crore in June quarter

Adani Ports and Special Economic Zone (APSEZ) reported a 77.04 per cent jump in consolidated net profit to Rs 1,341.69 crore for the first quarter of the current financial year. The country’s largest integrated logistics player had clocked a consolidated net profit of Rs 757.83 crore in the corresponding period a year ago, according to a […]

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PM Modi launches National Hydrogen Mission and announces India’s $1.35 trillion infrastructure plan

Emphasizing India’s commitment to expediting its renewable energy initiatives, Prime Minister Narendra Modi announced the launch of the National Hydrogen Mission (NHM) during his national address on India’s 75 Independence Day. He said that his government’s aim is to make India a global hub for the production and export of green hydrogen. Given the increasing […]

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Over 100 million litres of milk transported by ‘Doodh Duronto’ trains to Delhi

Over 10 crore litres of milk has so far been transported by ‘Doodh Duronto’ special trains from Renigunta of Andhra Pradesh to the national capital, the Railway Ministry said. Right from the date of introduction on March 26, 2020, these special trains have been operated by the South Central Railway uninterrupted and to date 2,502 milk tankers were transported […]

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Indian Railways to operate trains on hydrogen fuel-based technology

Indian Railways in an effort to become an eco-friendly mode of transport has invited bids for its green fuel vertical Indian Railways Organization of Alternate Fuel (IROAF) for Hydrogen Fuel Cell-based Train on the rail network. Under the flagship programs of the Government, ‘Advanced Chemistry Cell (ACC) Batteries’ and ‘National Hydrogen Mission’, the goal of the […]

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Cochin Shipyard launches five vessels at one go in Kochi

Ship maker Cochin Shipyard Limited (CSL) launched five vessels at one go from its building dock at Kochi. CSL achieved this rare feat, amidst the Covid -19 pandemic and the lockdown restrictions. The vessels launched are three ‘Floating Border Outpost Vessels (FBOP)’ for the Border Security Force and two 8000 DWT mini general cargo ships for JSW Shipping & […]

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