Hero MotoCorp-backed Ather is India’s fourth-largest e-scooter maker by market share and is aiming to list in a booming stock market where 200 companies have raised more than $7 billion through IPOs this year, per LSEG data. Ather Energy is selling new shares worth 31 billion rupees in the IPO, draft papers filed with the […]
Brent crude futures climbed 37 cents, or 0.5%, to $79.39 a barrel by 2300 GMT while U.S. crude futures were at $75.19 a barrel, up 36 cents, or 0.5%. In one of the biggest clashes in more than 10 months of border warfare, Hezbollah fired hundreds of rockets and drones into Israel on Sunday, as […]
“Ultimately the price rise we are announcing today is driven by our reliance on a volatile global gas market that is too easily influenced by unforeseen international events and the actions of aggressive states,” said Ofgem’s CEO Jonathan Brearley. “We know that this rise in the price cap is going to be extremely difficult for […]
Authorities announced environmental approvals for SunCable’s US$24 billion project in Australia’s remote north that is slated to power three million homes. The project, which will include an array of panels, batteries, and eventually, a cable linking Australia with Singapore, is backed by tech billionaire and green activist Mike Cannon-Brookes. “It will be the largest solar […]
According to the Auditor General of Pakistan’s audit report for 2023-24, eight power companies have incurred losses exceeding the stipulated limit, resulting in a massive loss of national kitty. The report highlights that the power companies’ losses exceeded the limit set by NEPRA, ranging from 8.84% to 20.16%. PESCO topped the list, causing a loss […]
He was talking to a delegation led by Executive Vice President Oceania and South Asia PARCO, Mehmet Celepoglu who called on him here, said a press release. The delegation also included the CEO and co-founder of Gunvor Group, Torbjörn Törnqvist, a key investor in Pakistan’s oil sector. The Finance Minister highlighted the ongoing energy reforms, […]
The newspaper said that the world’s top-selling automaker would seek to make the island of Kyushu, where Fukuoka is located, a central part of its supply chain for battery-powered vehicles and an export base for Asia. A Toyota spokesperson said the company was aware of the report, but that it was not something it had […]
Islamabad may also begin talks on re-profiling Pakistan’s energy sector debt during the visit to Beijing, Awais Leghari, head of the energy ministry’s Power Division, told Reuters. Leghari will be part of the delegation to discuss structural reforms to the power sector suggested by the International Monetary Fund (IMF), which last week agreed on a […]
Secretary Ministry of Economic Affairs Dr Kazim Niaz and Country Director ADB Yong Ye signed the loan program. Kazim Niaz thanked the ADB for its continued support of Pakistan’s critical development needs and rehabilitation efforts in a post-flood context. According to the ADB official ‘X’ handle, the agreement aimed at assisting Pakistan drive sustainable investment […]
The Secretary, of the Ministry of Economic Affairs, Dr. Kazim Niaz, signed on behalf of the Ministry, while Chairman WAPDA, Lt. Gen. (Retd.) Sajjad Ghani, represented WAPDA, said a news release. Ambassador of Kuwait in Pakistan Nassar Abdulrahman Jasser Al. Mutairi graced the ceremony with his presence. This significant financing comes as a result of […]
