DOMESTIC POWER TARIFF HIKE
EU slaps Chinese electric cars with tariffs of up to 38% The European Union imposed provisional duties of up to 38 per cent on Chinese electric car imports due to alleged unfair state subsidies, sparking concerns of a trade war. The move was criticised by China as "politically motivated" and "protectionis...
04 Jul, 2024, 06.16 PM ISTPakistan's federal cabinet approves hike of PKR 5.72 per unit in basic power tariff Pakistan's federal cabinet has approved a significant hike in the basic power tariff, raising it by PKR 5.72 per unit. This increase, effective from July 1, 2024, will raise the average electricity tariff to PKR 35.50 per unit. The move aims to cove...
04 Jul, 2024, 12.27 PM ISTTariff hikes to raise ARPU by 15 pc, help expand operating profits for telcos: Report Tariff hikes by top telcos in FY25 are projected to significantly boost the industry's PBILDT, leading to a 15% increase in blended ARPU. This increase will aid telcos in deleveraging, funding technology upgrades, and expanding networks while also i...
01 Jul, 2024, 09.04 PM IST- ADVERTISEMENT
Jio, Airtel Tariff Hikes: Users can still avoid increased prices. Here's how Reliance Jio and Airtel will raise tariffs from July 3, 2024, to boost Average Revenue per User (ARPU), impacting millions of subscribers. Prepaid users can avoid hikes by recharging before July 3. Adjustments range from 12% to 25% for Jio and 11% t...
01 Jul, 2024, 11.05 AM ISTJio, Airtel hike mobile tariffs: Here are some tips to save money on your mobile bills Reliance Jio and Airtel are preparing to raise tariffs from July 3, 2024, prompting prepaid users to recharge before this date to avoid higher costs. Postpaid users will face immediate price adjustments. The goal is to increase Average Revenue per U...
29 Jun, 2024, 10.35 AM ISTTariff hikes signal better profitability for telecom industry going forward: ICRA Bharti Airtel and Reliance Jio announced significant tariff hikes, impacting consumers. The industry is set to experience improved financial metrics and operating profits, allowing for deleveraging and funding capex. ICRA forecasts strong industry r...
28 Jun, 2024, 05.17 PM ISTRIL market cap hits Rs 21 lakh crore milestone as target prices rise on Jio tariff hikes Reliance Industries shares hit record high after Jio's pricing move, driving positive outlook from global brokerages and potential sector re-rating.
28 Jun, 2024, 11.32 AM ISTChinese Communist Party expels two ex-defence ministers on corruption charges The Chinese Communist Party has expelled two former defense ministers, Li Shangfu and Wei Fenghe, in an anti-corruption crackdown. This move follows Li's disappearance last year and comes amid rising tensions between China and the United States over...
28 Jun, 2024, 09.10 AM ISTJio hikes tariff by 12.5 to 25%; launches new plans On Thursday, Jio, owned by Reliance, revealed a tariff increase ranging from 12.5% to 25% alongside the introduction of new plans. In the recent spectrum auction by the Department of Telecommunications, Jio secured additional 1800 MHz band spectrum ...
27 Jun, 2024, 07.01 PM ISTChina and European Union agree to talks in bid to head off trade war China and the European Union have decided to initiate talks aimed at resolving an increasingly tense tariff dispute, with billions of dollars in trade hanging in the balance. According to the Chinese Commerce Ministry, discussions will be held betwe...
23 Jun, 2024, 10.16 AM ISTChina says escalation by EU over EV imports could trigger 'trade war' Last week, the European Commission proposed tariffs of up to 38.1% on electric vehicle imports from China despite Beijing's protest, plunging trade ties to a new low and risking punitive retaliatory action. "The European side continues to escalate t...
22 Jun, 2024, 12.59 AM ISTElectricity in Punjab to cost more as PSERC hikes power tariff by 10-15 paise per unit The Punjab State Electricity Regulatory Commission (PSERC) on Friday announced a new tariff order which will be effective from June 16 till March 31, 2025.
14 Jun, 2024, 06.11 PM ISTChhattisgarh hikes power tariff by 8.35 per cent Talking to PTI, CSERC secretary Sp Shukla said an average hike of 8.35 per cent in power tariff was applicable across all consumer categories. Power services are managed by three state-run companies for generation, transmission and distribution in t...
01 Jun, 2024, 07.47 PM ISTIndia's power sector anticipates healthy growth in FY2025; demand seen remaining strong at around 6% The healthy demand growth continued in the first two months of FY25 at over 10 per cent supported by a favourable base. The report stands validated by the record maximum power demand of 250 GW on May 30, as announced by the Ministry of Power.
31 May, 2024, 01.49 PM ISTNTPC Q4 Results: Net profit jumps 33% YoY to Rs 6,490 crore; dividend declared at Rs 3.25 per share State-owned power giant NTPC on Friday posted a 33 per cent rise in its consolidated net profit to Rs 6,490.05 crore in the March 2024 quarter, mainly on the back of higher revenues. The company had reported Rs 4,871.55 crore consolidated net profi...
24 May, 2024, 08.30 PM ISTFew Chinese electric cars are sold in U.S., but industry fears a flood American automakers expressed their approval of the Biden administration's decision on Tuesday to levy a 100% tariff on electric vehicles imported from China. They stated that these vehicles could undercut billions of dollars of investments made in ...
16 May, 2024, 09.58 AM ISTThermal PLFs to remain healthy amid power demand-supply mismatch: Report India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the power sector for FY25, predicting that thermal plant load factors (PLFs) will remain healthy due to a demand-supply mismatch. The agency believes that the overall plant loa...
15 May, 2024, 04.38 PM ISTBiden sharply hikes US tariffs on Chinese chips, cars & other items worth billions President Joe Biden announced a significant increase in tariffs on various Chinese imports, including electric vehicles and medical products, to address what the White House deems unfair trade practices. The move aims to bolster U.S. economic securi...
15 May, 2024, 03.08 PM ISTBlackrock, ADIA, domestic funds hike stake in Vedanta The world's largest asset manager BlackRock, as well as the Abu Dhabi Investment Authority, along with domestic mutual funds like ICICI Mutual Fund and Nippon India Mutual Fund have increased their holdings in Vedanta by almost 2 per cent during the...
07 Apr, 2024, 02.51 PM ISTTata Power consumers to pay more as MERC approves 24% hike In its order, MERC said that the present tariff hike is necessitated mainly because there was under-recovery due to staying on tariff as determined in the MTR Order for FY 2023-24. "Had there been no stay, tariff for FY 2024-25 would have resulted i...
07 Mar, 2024, 08.01 PM IST