Sethuraman NR Journalist Profile

Articles

India Set for Electricity Futures Trading as NSE Becomes 2nd Exchange to Get Nod

2 weeks ago | gurutrade.com | Sethuraman NR |Leroy Leo

June 11 (Reuters) - India's National Stock Exchange on Wednesday became the second exchange in a week to secure regulatory approval to launch electricity futures contracts, a move experts say could help struggling power utilities improve their finances. The Multi Commodity Exchange of India (MCX) received a similar approval last week from the Securities and Exchange Board of India (SEBI). A futures contract will allow the purchaser to secure power at a fixed price at a later time.
India markets regulator strengthens risk monitoring of equity derivatives

1 month ago | today.westlaw.com | Sethuraman NR |Jayshree P Upadhyay |Shailesh Kuber

(Reuters) -India markets regulator on Thursday issued a set of measures to strengthen risk monitoring of equity derivatives, including the monitoring of market wide position on single stock derivatives. As part of the measures, the Securities and...
India markets regulator bars ex-IndusInd Bank top executives from securities trading

1 month ago | today.westlaw.com | Arun Koyyur |Sethuraman NR |Jayshree P Upadhyay

(Reuters) -India markets regulator on Wednesday restrained former IndusInd Bank CEO, deputy CEO and three others from trading in securities until further orders over alleged insider trading. These officials sold shares of the bank when they knew of...
Oil Refiners Adding Renewable Feedstock to Produce Cleaner Fuels, Executives

Feb 14, 2025 | gurutrade.com | Mohi Narayan |Sethuraman NR |Florence Tan |Christian Schmollinger

NEW DELHI, Feb 14 (Reuters) - Oil refiners are increasing their efforts to blend renewable feedstocks such as used cooking oil into their crude refining streams to meet global demand for cleaner fuels. As a result, demand for catalysts and additives to remove the impurities from bio-feedstock has risen, Maurits van Tol, chief executive of catalyst technologies provider Johnson Matthey, said on the sidelines of the India Energy Week conference.
India's GAIL Revives Plan to Buy US LNG as Trump Ends Ban on Export Permits

Feb 10, 2025 | gurutrade.com | Nidhi Verma |Sethuraman NR |Sonali Paul

GAIL aims to buy stake in US LNG plant or line up long-term supply deals Plans stalled in 2023 with US freeze on new export permits GAIL sees LNG prices softening after 2026 on strong supply growth NEW DELHI, Feb 10 (Reuters) - GAIL India Ltd will seek to buy a stake in a U.S. liquefied natural gas plant or secure long-term U.S. LNG supply after the Trump administration lifted a ban on export permits for new projects, chairman Sandeep Kumar Gupta said.
Adani Group announces $88bn investment to develop Rajasthan

Dec 9, 2024 | businesslive.co.za | Sethuraman NR

India’s Adani Group will invest more than 7.5-trillion rupees ($88.5bn) in the northwestern state of Rajasthan, a top executive said on Monday, marking the group’s first major investment since the US indictment of its billionaire founder.
Adani Group announces $8bn investment to develop Rajasthan

Dec 9, 2024 | businesslive.co.za | Sethuraman NR

Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers. The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India.
Factbox-Who are the defendants charged in US indictment of Gautam Adani?

Nov 21, 2024 | today.westlaw.com | Sethuraman NR |Kashish Tandon |Toby Chopra |Hritam Mukherjee

(Reuters) -U.S. prosecutors have charged Indian billionaire Gautam Adani, founder of a conglomerate named after him, and seven others in an alleged bribery and fraud scheme related to a renewable energy project in India. The authorities said Adani and...
Uganda seeks funds to add 1,600 MW of hydro capacity, official says

Oct 2, 2024 | zawya.com | Sethuraman NR

Uganda is seeking funds to build three hydropower plants that would add over 1,600 megawatts (MW) of capacity to help meet rising power demand, an energy official said on Wednesday. The East African country has identified three potential sites on the Nile river, the biggest of which is the 840 MW Ayago hydropower plan, said Wamala Julius Namusanga, a junior official at the ministry of energy and mineral development.
Indian State Coal Producer Looks to Sell Surplus Coal at Discount

Sep 23, 2024 | gurutrade.com | Sethuraman NR |Nidhi Verma |Christian Schmollinger

NEW DELHI, Sept 23 (Reuters) - Indian state government-run Odisha Coal and Power Ltd (OCPL) is looking to sell surplus coal from its mine in eastern India at a discount, an auction document showed, indicating lower demand for the fuel in the country. OCPL will auction 3 million tons of its surplus coal via online auctions on Oct. 4 for power plants at a 15% discount to the base price on the national coal index, according to an auction advertisement in the Times of India newspaper on Sunday.