Latest Gas Power News in Apr'22

Byju's Faces Drastic Valuation Cut Amid Financial Turmoil

Startup

24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

Australia Accelerates Clean Energy Transition Amid Market Shifts and Investment Surge

Energy

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

CVoter India Today: BJP Projected to Secure Clear Majority in 2024 Indian Elections

India 2024

9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches

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News to keep you updated on the Business Landscape

Latest Gas Power News in Apr'22

Bharti Hexacom IPO

SRM Contractors IPO

Bank of Japan Shift from Negative Rates to Impact Global Stock Markets

Gopal Snacks IPO

Overview of Mukka Proteins IPO

Platinum Industries IPO

Asian Paints Shares Drop 4.5%

Byju’s Faces Drastic Valuation Cut Amid Financial Turmoil

GPT Healthcare IPO

Juniper Hotels IPO – Hyatt

Vibhor Steel IPO

Australia Accelerates Clean Energy Transition

CVoter India Today: BJP Projected to Secure Clear Majority in 2024 Indian Elections

Rashi Peripherals IPO

Nykaa’s Q3 FY24 Profits Surge by 105%

Uttarakhand Takes Historic Leap with Uniform Civil Code Bill 2024

Jio Financial Services Q3

Tata Motors Q3 FY24 results

Paytm Navigates Regulatory Storm

Nitish Kumar Resigns as Bihar CM strategic implications

Byju's Faces Drastic Valuation Cut Amid Financial Turmoil

Australia Accelerates Clean Energy Transition Amid Market Shifts and Investment Surge

CVoter India Today: BJP Projected to Secure Clear Majority in 2024 Indian Elections

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Friday, 1 April 22	Gas Power Outlook: Volatility and Viability (powermag.com)	Gas Power Outlook: Volatility and Viability (powermag.com)
Monday, 4 April 22	What higher domestic gas prices mean for companies (livemint.com)	What higher domestic gas prices mean for companies (livemint.com)
Monday, 4 April 22	Gas price hike could impact Tata Power’s Mumbai consumers – The Hindu BusinessLine	Gas price hike could impact Tata Power’s Mumbai consumers – The Hindu BusinessLine
Monday, 4 April 22	EIA explores effects of not building future interstate natural gas pipelines – Today in Energy – U.S. Energy Information Administration (EIA)	EIA explores effects of not building future interstate natural gas pipelines – Today in Energy – U.S. Energy Information Administration (EIA)
Tuesday, 5 April 22	U.S. EIA Explores Effects of Not Building Future Interstate Natural Gas Pipelines – CleanTechnica	U.S. EIA Explores Effects of Not Building Future Interstate Natural Gas Pipelines – CleanTechnica
Tuesday, 5 April 22	Gas price hike supports upstream profitability: Fitch – Times of India (indiatimes.com)	Gas price hike supports upstream profitability: Fitch – Times of India (indiatimes.com)
Tuesday, 5 April 22	Gas-led recovery is a “dog”, world must stop burning fossil fuels, Turnbull says \| RenewEconomy	Gas-led recovery is a “dog”, world must stop burning fossil fuels, Turnbull says \| RenewEconomy
Monday, 4 April 22	How the Recoil From Russian Gas Is Scrambling World Markets – The New York Times (nytimes.com)	How the Recoil From Russian Gas Is Scrambling World Markets – The New York Times (nytimes.com)
Friday, 8 April 22	How Germany — Europe’s biggest economy — became so dependent on Russian natural gas that it faces a ‘virtually unavoidable’ recession if it cuts off supply \| Business Insider India	How Germany — Europe’s biggest economy — became so dependent on Russian natural gas that it faces a ‘virtually unavoidable’ recession if it cuts off supply \| Business Insider India
Friday, 8 April 22	Technical Selling Squeezes Natural Gas Futures, but Bullish Long-Term Outlook Intact – Natural Gas Intelligence	Technical Selling Squeezes Natural Gas Futures, but Bullish Long-Term Outlook Intact – Natural Gas Intelligence
Tuesday, 12 April 22	Shell Plans Gas-fired Power Journey In India \| Mint (livemint.com)	Shell Plans Gas-fired Power Journey In India \| Mint (livemint.com)
Tuesday, 12 April 22	Generating electricity from Methane – Tech Explorist	Generating electricity from Methane – Tech Explorist
Thursday, 14 April 22	The POWER Interview: How Gas Power Can Reap Value from Digitalization (powermag.com)	The POWER Interview: How Gas Power Can Reap Value from Digitalization (powermag.com)
Wednesday, 20 April 22	Making The Invisible Visible: Methane Solutions Offer Down Payment On Our Climate Future – CleanTechnica	Making The Invisible Visible: Methane Solutions Offer Down Payment On Our Climate Future – CleanTechnica
Tuesday, 19 April 22	Reversible Power-to-Gas systems for energy conversion and storage \| Nature Communications	Reversible Power-to-Gas systems for energy conversion and storage \| Nature Communications
Wednesday, 20 April 22	Portugal expects deal to disconnect power prices from gas prices ‘very soon’ \| Reuters	Portugal expects deal to disconnect power prices from gas prices ‘very soon’ \| Reuters
Wednesday, 20 April 22	Energy Vault Loses $1.2 Billion/40% Market Cap, CO2e/kWh Worse Than Natural Gas – CleanTechnica	Energy Vault Loses $1.2 Billion/40% Market Cap, CO2e/kWh Worse Than Natural Gas – CleanTechnica
Sunday, 24 April 22	This Earth Day, Kick Fossil Gas Out Of Your Kitchen – CleanTechnica	This Earth Day, Kick Fossil Gas Out Of Your Kitchen – CleanTechnica
Monday, 25 April 22	Big Oil – PBS Frontline Series On An Industry That Lies To Get What It Wants – CleanTechnica	Big Oil – PBS Frontline Series On An Industry That Lies To Get What It Wants – CleanTechnica
Monday, 25 April 22	How could Germany wind down Russian oil imports by the end of 2022 – Energy Post	How could Germany wind down Russian oil imports by the end of 2022 – Energy Post
Monday, 25 April 22	Most combined-cycle power plants employ two combustion turbines with one steam turbine	U.S. Energy Information Administration – EIA – Independent Statistics and Analysis
Friday, 15 April 22	Global natural gas demand set to decline slightly in 2022 as Russia’s war disrupts markets and economies – News – IEA	Global natural gas demand set to decline slightly in 2022 as Russia’s war disrupts markets and economies – News – IEA
Wednesday, 13 April 22	Russian gas cut-off could cost Germany 220 billion euros – CNN	Russian gas cut-off could cost Germany 220 billion euros – CNN
Friday, 22 April 22	Gazprom may lose a third of its gas exports to Europe in 2022, analysts say \| Reuters	Gazprom may lose a third of its gas exports to Europe in 2022, analysts say \| Reuters
Friday, 22 April 22	Profit-Taking Sends Natural Gas Futures to Near $6.50; Cash Slides on Mild April Temperatures – Natural Gas Intelligence	Profit-Taking Sends Natural Gas Futures to Near $6.50; Cash Slides on Mild April Temperatures – Natural Gas Intelligence
Friday, 15 April 22	The United States ended the winter with the least natural gas in storage in three years	U.S. Energy Information Administration – EIA – Independent Statistics and Analysis
Tuesday, 19 April 22	Denmark Green Energy Transition Plan to Phase Out Natural Gas Entirely by 2030 – Bloomberg	Denmark Green Energy Transition Plan to Phase Out Natural Gas Entirely by 2030 – Bloomberg
Wednesday, 27 April 22	The turbulent journey of the offshore supply vessel market \| IHS Markit	The turbulent journey of the offshore supply vessel market \| IHS Markit
Thursday, 28 April 22	ONGC inks MoU with Norway’s Equinor for E&P, clean energy (saurenergy.com)	ONGC inks MoU with Norway’s Equinor for E&P, clean energy (saurenergy.com)
Friday, 29 April 22	Natural Gas Bans Expensive, and Would Impact Electric Grid Reliability (powermag.com)	Natural Gas Bans Expensive, and Would Impact Electric Grid Reliability (powermag.com)