Morning alert..
*India eyes smaller nuclear reactors for clean energy transition: Minister*
India is taking steps for the development of small modular Reactors with up to 300 MW capacity to fulfil its commitment to transitioning towards clean energy, Union Minister Jitendra Singh said Sunday. At a workshop on Small Modular Reactors (SMR) organized by NITI Aayog and the Department of Atomic Energy, he said the participation of the private sector and start-ups needs to be explored in the development of this critical technology within India. He emphasised that technology sharing and availability of funding are the two crucial links for ensuring the commercial availability of SMR technology.
*Gold imports decline 17% in Apr-Oct to $24 billion as demand falls*
Gold imports, which have a bearing on the current account deficit, declined 17.38 per cent to about USD 24 billion during April-October due to fall in demand, according to the data of the commerce ministry. Imports of the yellow metal stood at USD 29 billion in the corresponding period of 2021-22. The imports during October this year also contracted by 27.47 per cent to USD 3.7 billion, the data showed. Silver imports during the month too dipped 34.80 per cent to USD 585 million. Cumulatively, the imports, however, jumped to USD 4.8 billion as against USD 1.52 billion during April-October 2021-22.
*Road, transport sector has maximum number of delayed projects: Govt report*
The road transport and highways sector has the maximum number of delayed projects at 243, followed by railways at 114 and the petroleum sector at 89, showed a government report. In the road transport and highways sector, 243 out of 826 projects are delayed. In railways, out of 173 projects, 114 are delayed, while in petroleum sector, 89 out of 142 projects are delayed, as per the latest flash report on infrastructure projects for October 2022. The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing agencies.
*Commodities play*
Gold - Rs 52441/10gm, Silver - Rs 61591/kg, Brcrude - Rs 6517/barrel, Degumsyoil - Rs 1296/10kg, Copper - Rs 678/kg
*Corporate news*
Adani Enterprises outlier as equity raising by India Inc declines
Godrej Properties to launch Rs 8,000 cr housing project in Delhi by March
IndiGo can wet lease Turkish Boeing 777 planes for a yr as govt eases rule
SGX Nifty indicates negative start to Indian markets trading at 18570 levels down by 90.50 points or 0.48%.
Sector in focus - Banks, Real-estate, Metals & Pharma.
