Adani Power acquires VIPL for Rs 4,000 crore; capacity hits 18,150 MW
Adani Power Ltd has acquired Vidarbha Industries Power Ltd for Rs 4,000 crore, increasing its operating capacity to 18,150 MW. The company plans to further expand its generation portfolio to 30,670 MW by 2030 through brownfield and greenfield projects across multiple states. This acquisition aligns with Adani Power’s strategy to turnaround stressed assets and support India’s ‘Electricity for All’ vision.
China’s tourism revival: Visa-free entry to over 70 countries fuels foreign arrivals
China’s expanded visa-free policy, now encompassing 74 countries, has spurred a significant surge in foreign arrivals, more than doubling to over 20 million in 2024. This initiative, aimed at boosting tourism and the economy, has led to increased bookings for air travel and hotels, with tour companies experiencing substantial growth.
Markets trade marginally higher after muted start
[ad_1] Equity benchmark indices Sensex and Nifty were trading marginally higher in the morning trade on Tuesday after a weak beginning as investors stayed on the sidelines ahead of the formal announcement of a trade deal with the U.S. Rally in Asian markets and fresh foreign fund inflows also helped markets recover the early lost ground, analysts said. After a
Gold price prediction today: Where are gold rates headed on July 8, 2025 and in the near-term amidst Donald Trump’s tariff moves?
Gold price prediction today: Gold prices are expected to fluctuate within a range, influenced by trade deal developments. Despite tariff deadline extensions, gold retains safe-haven appeal amid ongoing trade tensions. Experts advise monitoring trade deal movements for a clearer outlook.
Rupee rises 22 paise to 85.72 against U.S. dollar in early trade
[ad_1] The rupee rose 22 paise to 85.72 against the U.S. dollar in early trade on the back of fall in global crude oil prices and a weaker greenback. FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar
Adani Power completes acquisition of Vidarbha Industries Power Ltd, aims for 30,670 MW capacity by 2030
[ad_1] Image used for representation purpose only,. | Photo Credit: Dado Ruvic Adani Power Ltd. (APL) has completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for INR 4,000 crore, according to a release issued by the company on Tuesday (July 8,. 2025) morning. VIPL operates a 2×300 MW coal-fired power plant in Butibori, Nagpur district,
Heat Alert in Tamil Nadu, Puducherry: RMC forecasts sharp temperature spike, urges precautions
[ad_1] The Regional Meteorological Centre (RMC) has issued a heat advisory for Tamil Nadu, Puducherry, and Karaikal, warning of a sharp rise in temperatures over the next few days due to strong westerly winds in the lower troposphere. According to the RMC, dry weather will prevail across most of the state this week, with maximum temperatures expected to climb by
Asian stocks rise on trade hopes; oil steadies after OPEC+ hike
Asian equities saw modest gains as investor sentiment was buoyed by Trump’s softened stance on tariff hikes, hinting at potential negotiations. Oil prices stabilized after an earlier surge, influenced by trade uncertainties and OPEC+’s increased output. Despite ongoing trade jitters and cautious optimism, markets remain alert to potential volatility.
Apple’s top AI executive Ruoming Pang leaves for Meta: Report
[ad_1] Meta invested in Scale AI in a deal that valued the data-labeling startup at $29 billion and brought in its 28-year-old CEO Wang [File] | Photo Credit: REUTERS Apple’s top executive in charge of artificial intelligence models, Ruoming Pang, is leaving the company for Meta Platforms, Bloomberg News reported on Monday, citing people with knowledge of the matter. Pang,
Indian MMF sector should tap the potential in “affordable synthetic fashion”, says study
[ad_1] The rising mid-income populations across Africa, South East Asia, and Latin America has led to a growth in demand for performance-driven, climate-adapted, and cost-sensitive apparel that the Indian manmade fibre (MMF) sector can tap, study shows. Representational image. | Photo Credit: Reuters The rising mid-income populations across Africa, South East Asia, and Latin America has led to a growth