Renewables solution provider Sterling and Wilson Renewable Energy Ltd on Monday (June 29) announced that its joint venture has received a Letter of Award (LOA) for a 1,000 MWac solar PV project integrated with a 600 MWh Battery Energy Storage System (BESS) in Egypt. The project, valued at approximately $560 million, is for the West…
The reduction in Tax Collected at Source (TCS) on certain overseas payments under the Liberalised Remittance Scheme (LRS) has come into effect from April 1, lowering upfront cash outflows for individuals making foreign remittances. Under the revised rules, TCS on overseas tour packages has been brought down to a flat 2%, replacing the earlier slab-based…
Gold and silver prices traded higher in early Friday (March 20) session, recovering after a steep decline in the previous session, as global cues turned mixed and investors reassessed inflation and interest rate expectations. On COMEX, gold rose 1.8% to $4,688.50 per ounce, after touching an intraday high of $4,701.50 an ounce. Silver outperformed, gaining…
US Labour Secretary Lori Chavez-DeRemer announced on Monday that she will step down from her role, bringing an abrupt end to a turbulent tenure marked by mounting allegations of misconduct and internal investigations. The White House confirmed she will leave the administration to take up a position in the private sector, though no exact timeline…
Earnings growth in India could improve from the September quarter if geopolitical tensions continue to ease and oil prices remain lower, according to Sridhar Sivaram, Investment Director at Enam Holdings, who believes the broader market continues to offer opportunities despite weakness in largecap sectors. Sivaram said the June quarter may remain soft, but the outlook…
Charles Lieber is one of the best-known names in nanoscience, but his career took a dramatic turn after a federal conviction in the United States. Once a leading Harvard chemistry professor, Lieber was convicted in 2021 of making false statements to federal authorities and tax-related offences tied to payments from China. Today, he is back…
Malayalam star Prithviraj Sukumaran was recently seen in the crime thriller film ‘I, Nobody’. The actor recently talked about the intense action sequences where he revealed that the film keeps changing its style and offers something new throughout its runtime. Why he no longer does risky stunts In a conversation with Indian Express, Prithviraj Sukumaran…
Bucharest , Indian Grandmaster R Praggnanandhaa will take on Alireza Firouzja of France in the first round of the Super Chess Classic here, the first classical event of the year which is as part of the Grand Chess tour. Super Chess Classic: Praggnanandhaa to take on Firouzja in opener Left as the lone Indian in…
Bharat Petroleum Corporation Limited (BPCL) on Thursday said its joint venture in Brazil will invest around $2.8 billion in an oil and gas project following the operator’s final investment decision. The company informed exchanges that Petrobras, the operator of the BM-SEAL-11 consortium, has approved the Final Investment Decision (FID) for the SEAP-I project. The project…
NEW DELHI: That “100% Natural” cream bun may contain preservatives. A “Premium Chocolate” could be made with hydrogenated vegetable fat instead of cocoa butter. And a fruit-flavoured candy may not contain any fruit at all.In a major crackdown on misleading food labels, the Food Safety and Standards Authority of India (FSSAI) has issued show-cause notices…
