Naukariadda

New Delhi: India's peak power demand continues to scale fresh highs, touching a record 265.4 GW on Wednesday as heatwave conditions and high temperatures persisted across large parts of the country.The latest peak surpassed Tuesday's all-time high of 260.5 GW recorded during solar hours. The latest demand levels have already crossed last summer's record peak of 243 GW, and even those recorded during the evening. The peak demand recorded is inching closer to the projected 271 GW for the season.Most of the peak consumption was met by thermal power contributing 61.2%, solar energy came next with 21.5%, wind and hydro contributed over 6% each, while nuclear contributed 2.6%, among contributions from other sources, an industry official said.According to a person familiar with the matter, the power ministry has prepared and ensured available capacity to meet peak demand of up to 280 GW.A power ministry statement issued after Monday's peak demand touched 257.37 GW said the cou...

London: Tata Steel UK has secured an exemption from US tariffs that will allow it to export steel processed in Britain at the lower duty rate applicable to UK shipments, even though the raw material is produced overseas.Under President Donald Trump's trade measures, most steel imports into the US face a 50% tariff. The UK, however, has been granted a lower 25% levy, though imports are typically subject to strict "melt-and-pour" rules requiring the steel to be fully produced within Britain.The exemption means steel processed at Tata's Port Talbot plant in Wales and shipped to the US will be treated as UK-origin steel, a company spokesperson said, despite Tata no longer producing primary steel in Britain.Tata shut the blast furnaces at the facility in 2024 as part of its transition to electric-arc furnace production, leaving the plant temporarily reliant on imported substrate, including material from the company's Dutch operations.The company said the arrangement re...

from Economic Times https://ift.tt/uvyJZK9

New Delhi: The US has cleared two military support packages worth $428 million for India that will cover sustainment support for frontline M777 ultra-light howitzers and AH-64E Apache attack helicopters.The Foreign Military Sale - a government-to-government procurement mechanism - will result in sustainment support services for Apache helicopters for an estimated $198 million. The package covers contractor engineering, technical support, personnel training and logistics support services.Also read: DRDO successfully tests UAV-launched missile in air and ground combat modesBoth the Indian Air Force and Army operate Apache helicopters, which are tasked with heavy fire-support missions. The helicopters have also been deployed in high-altitude areas and are known to have conducted training missions in Ladakh as well. IAF currently operates 22 Apache helicopters while Army has six in service."This proposed sale will support the foreign policy and national security objectives of the Unit...

Indian Oil Corporation (IOC) reported a consolidated net profit at Rs 14,458 crore in the March-ended quarter versus Rs 8,124 crore in the year ago period, implying a 78% surge. The profits are attributable to the equity holders of the parent.The revenue from operations posted a revenue growth of 7% to Rs 2,36,899 crore in Q4FY26 was versus Rs 2,21,360 crore posted by the company in the corresponding quarter of the previous financial year.The company's board also recommended a final dividend of Rs 1.25 per equity share subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM). The final dividend will be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend would be fixed and intimated in due course.The company's profit after tax (PAT) grew 11% on a sequential basis versus Rs 13,007 crore in Q3FY26 while the topline saw a marginal uptick of 0.27% quarter-on-quart versus Rs 2,36,257 crore in the O...

New Delhi: Small and medium enterprises supplying auto components have urged large automobile manufacturers to share the burden of rising wages, energy prices and raw material costs, saying that many of them are under severe financial stress. They have also made a pitch for long-term vendor sustainability frameworks instead of purely transactional procurement practices.Industry body Federation of Indian Micro Small and Medium Enterprises (FISME) has approached the Society of Indian Auto Manufacturers that represents automakers, asking it to urge its members to speed up price revisions as well as make faster payments and provide support to suppliers through financing platforms such as the Trade Receivables Discounting System.Also read: In fast lane: The twin drivers behind MoTown India's fast & furious April showSMEs are struggling with sharp increases in labour and input costs, with wages rising by up to 35% in some regions and overall operating costs increasing more than 35% s...