The Times Of India Business
Rise in power demand leads to 17% hike in coal supply in July
The supply of coal to electricity generating plants increased by 17.09 per cent to 58.45 million tonnes in July due to rise in power demand, the government data said. The government in the last few months has taken various measures to ensure adequate availability of coal for power stations.
Adani plans $5.2 billion alumina mill in growing metal ambitions
Adani Enterprises Ltd. plans to invest $5.2 billion in setting up an alumina refinery in the eastern Indian state of Odisha, as Gautam Adani, Asia’s richest man, adds one more business to his rapidly-expanding empire. The refinery will have an annual capacity of 4 million tons, according to a Twitter post on Wednesday by the office of the state’s chief minister, Naveen Patnaik.
HDFC executes rare trade to hedge rate risk
Housing Development Finance Corp., the nation’s biggest rupee-bond issuer this year, used a so-called total return swap to hedge rate risks on a debt issuance which closed last month, the people said, asking not to be identified discussing private arrangements.
The ‘crying CEO’ says he loves his employees — even those he laid off
Braden Wallake, the chief executive officer of a Columbus, Ohio-based marketing agency called HyperSocial, wrote a guilt-filled post Tuesday about laying off employees that concluded with a teary-eyed selfie. After the post went viral, he declared himself “the crying CEO.”
Elon Musk says Twitter hiding witnesses he needs in buyout fight
Musk contends the social media company isn’t producing the names of employees specifically responsible for evaluating how much of Twitter’s customer base is made up of spam and robot accounts, said the people, who asked not to be identified because they weren’t authorized to speak publicly about the matter.
'Int'l travellers don't need to furnish any additional info to airlines'
People flying in and out of India will not need to "furnish any additional information to airlines" as per Central Board for Indirect Taxes and Customs' (CBIC) gazette notification on data collection, the Union finance ministry said in a statement on Wednesday.
Rs 50,000 crore forex saved by blending ethanol with petrol: PM
Prime Minister Narendra Modi on Wednesday said the country saved Rs 50,000 crore in foreign exchange by blending ethanol with petrol in the last seven-eight years. Dedicating the second-generation ethanol plant of India Oil Corporation to the nation here, Modi said that the same amount of Rs 50,000 crore has gone to farmers.
India to start supplying petrol with 20% ethanol from April 2023
India will start supplying petrol with 20 per cent ethanol at select petrol pumps from April next year and will ramp up supplies thereafter as it looks to cut oil import dependence and address environmental issues. Oil minister Hardeep Puri said a fifth of petrol will be made up of ethanol by 2025.