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Delhi's peak power demand grew 3.8x on hot and humid days in last 12 months: Report

The wet-bulb temperature (WBT) is the lowest temperature to which a person or object can be cool…

PTI   


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India's power consumption rises nearly 9% to 152.38 billion units in June

The peak power demand touched an all-time high of 250.20GW in May this year. The previous all…

PTI   


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Govt asks all gas-based plants to be operational from May 1 to June 30 as electricity demand surges

The decision to operationalise GBSs is part of a series of measures taken by the Centre to en…

PTI   


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3 mins read

Auto Industry sales to surge on the back of improved monsoon, festive season demands: Report

The domestic passenger vehicle industry volumes declined by low single digit in August 2024 as comp…

ANI   


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Heatwaves push India's power demand to seasonal peak; Delhi sets record intake at 7,717 MW

As a considerable part of India experiences severe heatwave, necessitating the need for air conditi…

ANI   


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1 min read

Urea import dependency in India to fall to 10-15% from 30% in near term: Crisil

India's urea industry, contributing to a significant portion of chemical fertiliser demand, has tak…

ANI   


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1 min read

Luxury watchmakers resort to state aid as demand falls

Girard-Perregaux and Ulysse Nardin are taking advantage of financial aid from the Swiss state to pr…

Nora Redmond   


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2 mins read

India to face evening power shortages by 2027 if electricity demand continues to grow, warns IECC

The evening power shortages are likely even if all currently under-construction thermal and hydro c…

ANI   


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1 min read

The oil market is at risk of a supply shortage as peak demand is still 10 years away, Goldman Sachs says

Demand for crude is set to climb through 2034, as major oil producers pull back on spending, Goldm…

Jennifer Sor   


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2 mins read

Peak oil demand before 2030 will usher in a major supply glut, the International Energy Agency says

As global demand for oil plateaus this decade, heavy production will create a massive supply glut t…

Filip De Mott   


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India's energy consumption is expected to rise by 3-4 times over a decade: IECC

Growing industrialization, urbanization, and rising incomes have led to the country's energy consum…

ANI   


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Global gold demand drops 6% in Q2 2024 due to slump in jewelry consumption, OTC investment pushes the total to record high

The record-high gold prices took a significant toll on jewelry consumption. Volumes fell 19% YoY to…

ANI   


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Rental income in key Indian cities spiked over 14%, says Magicbricks report

Average rents in Hyderabad increased from Rs 22.01 psf to Rs 22.93 psf per month, while in Ahmedaba…

ANI   


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3 mins read

Meta's use of AI has far from peaked. But the technology may already be getting the company in trouble.

Mark Zuckerberg recently predicted that AI will revolutionize targeted ad services. But AI may alre…

Lloyd Lee   


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1 min read

China's EVs are fueling a big oil demand slowdown

China's oil demand growth is down this year, mostly due to the country's massive shift to EVs and …

Kelly Cloonan   


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2 mins read

Nvidia is flashing a sell signal and its huge rally marks the peak of a 40-year market cycle, veteran strategist says

Most of Nvidia's employees are already millionaires - the "best reason" to sell the stock, one stra…

Jennifer Sor   


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1 min read

Why higher demand for sausage might be the latest sign the US economy is slowing

A food manufacturer in Texas said its seen rising demand for sausage, a sign the economy is slowing…

Kelly Cloonan   


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3 mins read

India to lead world in fuel demand growth, consumption to grow by 1.3 million barrels by 2030: IEA

India, the world's third biggest oil importer and consumer, will in the second half of the decade b…

PTI   


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Bad news for coders: The US is past peak software developer

The strong demand for software developers has softened, so it could take more time to land this typ…

Madison Hoff   


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2 mins read

Amid heatwave, Delhi's power demand soars to May's highest ever at 7,572 MW

A heatwave in parts of Delhi on Monday pushed the national capital's peak power demand to its highe…

PTI