The Indian Gas Exchange's (IGX) plan to launch long-term contracts is delayed due to concerns from the Petroleum and Natural Gas Regulatory Board (PNGRB) over risk mitigation in case of defaults by buyers or sellers. The regulator seeks additional data and clarification before approval. IGX had applied for three-month to yearly contracts, which could boost trade volumes.
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IndusInd Bank's net advances rose 16% year-over-year to Rs 3,48,107 crore in Q1 2024, up from Rs 3,01,317 crore in the same period last year. Deposits also increased 15% YoY to Rs 3,98,632 crore, up from Rs 3,47,347 crore in the corresponding quarter. This growth indicates a strong performance by the private lender in the first quarter of 2024.
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SAIL will invest ₹6,500 crore in capital expenditure (capex) in the current financial year as part of its ₹1 lakh crore investment plan over the next few years. The capex will be used for maintaining facilities, debottlenecking exercises, and expansion plans, with a target to increase capacity from 20 million tonne to 35 million tonne per annum by 2031 and 50 million tonne in the next phase.
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