Some of India's biggest solar equipment makers are facing financial collapse, priced out by Chinese competitors as Prime Minister Narendra Modi's government prioritises cheap power over local manufacturing despite his 'Make in India' push
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Industrial and military explosives manufacturer Solar Industries India (SIIL) is expecting Rs 100 crore revenue from its defence business this fiscal as it eyes 20 per cent increase in total income
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The rating agency also affirmed all PFC's senior unsecured outstanding issues and debt instruments at BBB-.
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“OIL being a credible, efficient and responsible company must come forward to help create more jobs to our youth," said Assam chief minister Sarbananda Sonowal.
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"We expect Asian demand (gasoline) growth to continue with higher grades of motorisation, in particular in key countries such as China and India, while refineries will struggle to cope with the demand growth."
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President Vladimir Putin says Russia is ready to build a dozen nuclear reactors in India over the next 20 years to back Prime Minister Narendra Modi's growth strategy for Asia's third-largest economy.
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For the concerned quarter, Castrol India’s net sales stood at Rs 1012.1 crore and profit from operations at Rs 251 crore, thereby witnessing an increase of 3 percent and 2 percent, respectively.
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The royalties’ agreement means the project is back on track to generate 10,000 direct and indirect jobs in regional Queensland, added the company.
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