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Mitsubishi Electric Corporation’s $1.4 billion acquisition of PCI Energy Solutions expands its push into power-market software as utilities manage increasingly complex grids shaped by renewables, battery storage and rising electricity demand. Representative image.

Mitsubishi Electric’s $1.4bn PCI deal targets software managing 60% of US power

Johan Sverdrup crude could meet 25% of ORLEN demand under three-year agreement

Equinor strikes three-year ORLEN deal for up to 9m tonnes of crude a year

APA Group is advancing the A$259 million Sybella Creek Solar Farm and Battery Energy Storage System in Mount Isa, combining 72 MW of solar generation with a 52 MW/104 MWh battery and existing gas-fired power infrastructure under a long-term supply agreement with Ernest Henry Mining. Representative image.

APA Group (ASX: APA) commits A$259m to Mount Isa solar and battery project

A major Bay of Bengal search-and-rescue operation is underway after Panama-flagged bulk carrier MV Ocean Winner sank about 240 nautical miles off Odisha’s Paradip coast, leaving 22 of 24 crew members missing. The vessel was carrying iron ore from India to Singapore. Representative image.

MV Ocean Winner sinks off Odisha as 22 crew remain missing in Bay of Bengal

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General business news

IDFC FIRST Bank reports 30.2% rise in core operating profit, but PAT falls due to flood-related provisions

IDFC FIRST Bank has announced its financial results for the first quarter of FY25, highlighting a significant 30.2%…

byPallavi Madhiraju

July 29, 2024

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General business news

Stunning Q1 FY25 results: J&K Bank’s profit surge surprises analysts

Jammu and Kashmir Bank Limited (J&K Bank) has unveiled its Q1 FY25 financial results, showcasing a remarkable profit…

byPallavi Madhiraju

July 27, 2024

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