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from Economic Times https://ift.tt/FVl4ZBu

New Delhi: India's 'peak power demand met' on Thursday was within touching distance of the projected level of 271 GW for May, a jump of nearly 5 GW in a single day, as citizens run their fans and air conditioners in the day and at nights to beat the searing heat.The peak power demand in solar hours reached 270.82 GW and was successfully met, the power ministry posted on X.This is the fourth consecutive day of peak demand breaking records.Also Read: Why future of India's energy security depends on building smarter gridsThe maximum peak demand of 283 GW is estimated for June.The ministry will look at the trend of Thursday's non-solar hour peak demand and Friday's peak demand to see if there is a need to recalibrate the estimates, a government official told ET.Thursday's peak demand was met by thermal power contributing 62.8%, solar 22%, wind 5%, hydro 5.8%, and the rest from other sources.The availability of coal at the thermal power plants is adequate and the...

New Delhi: Reliance Industries Ltd (RIL) on Thursday strongly refuted in the Supreme Court the Centre's claim that the company and its two offshore partner firms allegedly siphoned from the Krishna-Godavari basin deposits gas which migrated to their area from the state-owned ONGC gas field.A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi was hearing the appeals of RIL, BP Exploration (Alpha) Ltd and Niko (NECO) Ltd against a Delhi High Court verdict that set aside an arbitral award in their favour in the gas migration dispute with the Centre.The firms assailed the February 14, 2025 order of the high court setting aside an order of the single-judge bench that had upheld the arbitral award in favour of RIL and its two partners for allegedly siphoning gas from deposits they had no right to exploit.The oil ministry on November 4, 2016, slapped a demand of USD 1.47 billion on the Reliance-BP-Niko combine for producing in seven years ending March 31, ...

Mumbai: Indian consumers are ringing in caution. Shoppers are making fewer trips to buy FMCG but spending significantly more every time they step into a store, signalling a sharp behavioural shift in how households are managing inflation and daily consumption.According to a report by Worldpanel by Numerator (formerly Kantar), average FMCG purchase occasions softened to 156 trips annually from 158 in FY24, while spend per shopping occasion rose from ₹121 to ₹139 over the last two years and from ₹130 to ₹145 in the March quarter of 2026.Categories such as biscuits, snacks and noodles are increasingly shifting from spontaneous top-up purchases to planned-basket buys, pointing to a more cautious and deliberate consumer environment and marking a reversal from the post-pandemic consumption cycle that was driven by convenience, quick commerce and impulse-led spending. from Economic Times https://ift.tt/5gV9pCl

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...