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Electricity demand rises 5.5% inNovember

Friday, December 7, 2018, 11:37 AM

After recording a massive 14% year-on-year (y-o-y) surge in electricity demand in October, the country's electricity requirement registered a 5.5% y-o-y growth in November. Power generation from conventional sources such as thermal, nuclear and hydro went up by 4.6% y-o-y in the month to 99.9 billion units. Renewable energy-based power plants produced 8 BU in November, 16% more than the corresponding period last year.
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Ramdev's big challenge: FMCG rivals HUL, ITC, Dabur take on Patanjali

Thursday, December 6, 2018, 7:53 PM

Patanjali Ayurved claims that notwithstanding a marginal rise in revenue in 2017-18, volumes remained strong. "Our FY18 revenues were somewhat smaller due to GST-related issues and the shift in focus towards expansion and planning. But our sales volumes were not smaller," managing director Acharya Balkrishna told FE. He said the company targets to generate higher revenues in the current fiscal.
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India bound: App-based US copter rides firm to launch India service

Wednesday, December 5, 2018, 7:55 PM

App-based US helicopter rides company, Blade is launching operations in western India from March 2019, its first international venture outside its home base. Blade has tied up with Indian VC firm Hunch Ventures and will be in a 50:50 partnership. The company has also roped in ex-AirAsia India CEO Amar Abrol as consultant to shape up the venture.

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