Latest news with #AmanSahu
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Business Standard
6 days ago
- Business
- Business Standard
Power demand to increase by 6-6.5% over next five years, says ICRA
ICRA attributes the growth in demand to greater adoption of electric vehicles and green hydrogen segments, and the expansion of power-hungry data centres Aman Sahu New Delhi India's energy demand is expected to grow in the range of 6–6.5 per cent over the next five years, ratings agency ICRA said on Wednesday. ICRA said that the growth in demand is attributable to the growing adoption of electric vehicles and green hydrogen segments, as well as the expansion of data centres, which require sizeable amounts of electricity to power their servers. "Over the next five years, ICRA expects the electricity demand to achieve a CAGR (compound annual growth rate) of 6–6.5 per cent, driven by the demand from rising adoption of electric vehicles (EVs), green hydrogen (GH), and the increase in data centre capacity," said Vikram V, vice president & co-group head (corporate ratings) at ICRA, in a webinar. These three segments are expected to contribute to 20–25 per cent of the incremental demand over the next five-year period from FY26 to FY30, he said. Vikram said that the demand for grid capacity is expected to slightly reduce due to more people using rooftop solar panels and off-grid projects, as the government is promoting clean energy generation schemes such as the PM Surya Ghar Yojana. The generation capacity expansion is projected to reach an all-time high of 44 GW in FY26, beating the record of 34 GW in FY25, with the overall installed power generation capacity reaching close to 520 GW by March 2026. On the other hand, as Business Standard reported on May 27, due to the early onset of monsoon in India, the power demand in the country this year has not taken off as expected, leading to excess stock with coal production companies in the week. The national grid has not seen aggregate demand soar beyond 220 GW even on the worst of days so far this summer. The softer demand for power has also kept the price of coal imports low. Even as India is pushing for renewable energy, ICRA, however, maintains a stable outlook for the thermal power segment.
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Business Standard
04-05-2025
- Business
- Business Standard
CAIT to hold conclave to take on ecommerce, quick commerce giants
The three-day conclave from 16-18 May will focus on strategies to counter the alleged unethical practices of Amazon, Flipkart, Blinkit, Zepto and others Aman Sahu New Delhi The Confederation of All India Traders (CAIT), a small business traders' organisation, has announced a three-day National Conclave from 16 to 18 May 2025, to be held in New Delhi and Vrindavan, Uttar Pradesh. A day-long conclave will be held in New Delhi on 16 May, followed by a Chintan Shivir on 17 and 18 May in Vrindavan. The conclave is expected to be attended by more than 100 top trade leaders from various states across the country. The event aims to strategise and mobilise a nationwide movement against the alleged unethical and unlawful practices of major e-commerce and quick commerce companies, including foreign-funded entities such as Amazon, Flipkart, Blinkit, Swiggy Instamart, Zepto and others. The traders' body has accused these companies of misusing FDI, violating regulations, and promoting the establishment of dark stores. The conclave comes at a time when major companies are pivoting towards quick commerce. Recently, Reliance Retail introduced a 30-minute delivery model to compete with existing quick commerce players. CAIT has been urging the government to regulate quick commerce companies through policy interventions that support small traders. CAIT Chairman Brij Mohan Agrawal said the organisation has previously submitted a comprehensive white paper, highlighting these concerns and calling for immediate regulatory action. 'The organisation emphasises that the unchecked growth of these foreign-funded companies poses a significant threat to India's small retail ecosystem,' he added.
Time of India
25-04-2025
- Time of India
State nod for cop team to visit Azerbaijan, bring back criminal
Ranchi: A police team headed by ATS SP Rishav Jha will travel to Azerbaijan to extradite Sunil Meena , a key member of the Aman Sahu crime syndicate , following chief minister Hemant Soren's approval. Tired of too many ads? go ad free now The Union govt's clearance of the state proposal in this regard is currently pending. Last month, an Azerbaijani extradition court ordered Meena's transfer to India under the bilateral extradition treaty between the two nations. Meena, who was subject to a lookout notice in June 2024 and had previous connections with the gangster Lawrence Bishnoi , was arrested in Datu, Azerbaijan, on October 29, 2024. His arrest followed the CBI's request for a red corner notice through Interpol in September 2024. tnn The criminal, who operated under the alias Mayank Singh, primarily made internet calls to extort money for the Aman Sahu gang. The gang is notorious for extortion, murder and other criminal activities across Jharkhand. Intelligence reports also indicated Meena had previous connections with gangster Lawrence Bishnoi. The successful extradition will mark a significant breakthrough in curbing organised crime in Jharkhand as law enforcement agencies continue their crackdown on criminal syndicates operating in the region.
