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NTPC has nearly 29% of its installed solar capacity in Andhra Pradesh.In order to reduce the cost of solar-based generation, state-run NTPCis planning to invite separate tenders through which it will buy solar modules and construct…

September saw one of the biggest cooperatives, the city-based PMC, going belly up after a massive scam.As more and more cooperative banks go belly up, their combined assets nearly halved to 10.6 per cent of the assets of commercial banks…

JSP’s power business remains highly underutilised with PLF hovering around 35%.We visited Jindal Steel and Power’s (JSPL) Angul plant. Production ramp-up at Angul continues and is the key driver of volume growth this year (up 12% y-o-y…

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The company is cutting down on investments in food delivery and pivoting to a cloud-kitchen model.Foodpanda’s losses increased by a whopping 231.83% year-on-year at Rs 756.42 crore in the year to March 2019. Revenue from operations grew…

The co-operative banking sector accounts for only 10.6% of the commercial banking.In the aftermath of the PMC Bank crisis, the Reserve Bank of India (RBI) said that the “highest priority” needs to be assigned to the establishment of a…

The asset under management (AUM) of the industry rose by 18 per cent (Rs 4.2 lakh crore) to an all-time high of Rs 27 lakh crore in 2019 by November-end itself.Mutual funds have added a staggering over Rs 4 lakh crore to their asset base…

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GoAir has over 50 Airbus A320neos in its fleet.By Anwesha GangulyThe Directorate General of Civil Aviation (DGCA) has started the process of inspecting all of GoAir’s Pratt & Whitney low pressure turbine (LPT) engines which have been…

The central bank explained that while supervisory and regulatory measures are designed to strengthen the early warning signals (EWS), the prime responsibility of identifying and managing fraud risks rests with the respective financial…