Gold
Samsung to spend $230 billion on 5 advanced chip factories
13 GW Solar Power Plant to Boost Ladakh’s Energy Capacity
Ladakh is set to become a key player in India’s renewable energy sector with the development of a 13 GW solar power plant, aimed at meeting the Union Territory’s energy needs and contributing to the national grid. Union Power and Housing Minister Manohar Lal announced this ambitious plan during a three-day visit to Ladakh, where he reviewed the functioning of local power and housing departments. The plant, designed to harness Ladakh’s vast terrain for large-scale solar energy production, is expected to play a pivotal role in the region’s transition to renewable energy. "Ladakh's expans..
Oil Prices Rise Amid Escalating Ukraine Conflict and Tightening Supply Fears
Oil prices saw modest gains as tensions between Russia and Ukraine escalated, with Russia firing a ballistic missile at Ukraine and warning of a broadening conflict. This sparked concerns about the tightening of crude supplies in an already volatile market. Brent crude futures rose by 14 cents, or 0.2%, to $74.37 per barrel at 0007 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 17 cents, or 0.2%, reaching $70.27 per barrel. Russian President Vladimir Putin stated that the war in Ukraine was expanding into a global conflict, particularly after the U.S. and Britain permitted ..
Five Companies Win Coal Mines on Day One of Tenth Round Auction
On the first day of the tenth round of commercial coal mine auctions, five companies, including NLC India Ltd, ACC Ltd, and JSW Energy Utkal Ltd, successfully secured a total of five coal blocks. The auction, aimed at boosting commercial coal mining in India, was announced by the coal ministry in an official statement. ACC Ltd won a coal mine located in Madhya Pradesh, while NLC India and JSW Energy Utkal Ltd each secured one block in Odisha. The other two companies that emerged victorious in the auction were Mineware Advisors Pvt Ltd and Shreeji Nuravi Coal Mining and Trading Pvt Ltd. Key De..
