India extended a mandate to power plants to import coal until March as the driest August in more than a century pushed electricity demand to a record, putting a strain on supplies of the nation’s main generation fuel.Plants designed to run on domestic coal have been asked to import 4% of their supplies of the fuel through March to avoid outages, extending an earlier direction to buy from overseas until the end of this month, power secretary Pankaj Agarwal said in an interview.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nZ6kvCd
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Pakistan's business community on Saturday observed a shutter-down strike across the country to protest against the inflated electricity bills and rising inflation.Rightwing Jamaat-e-Islami (JI) and traders' groups gave the call for protest and they got support from lawyers.Commercial activities were halted in Karachi, Lahore and Peshawar, as well as in other cities, while public transport was largely off the main roads.
Adani Group claimed on Saturday that its stocks and financials were unaffected, just days after the Organized Crime and Corruption Reporting Project (OCCRP) reported that the family's business associates used 'opaque' cash to buy in stocks. Adani Group said the'misleading reports' had no significant impact on its business performance and that it remained in line with the law.
Presently, Marriott boasts 145 operational hotels in India, comprising around 27,000 rooms, with 10 new hotels having been inaugurated this year.
The Indian rupee strengthened by 9 paise to reach 82.61 against the US dollar in early trade on Friday. This was driven by positive domestic equity markets and robust macroeconomic data. India recorded a GDP growth rate of 7.8% in the April-June period, maintaining its position as the world's fastest-growing major economy.
