• Ambuja Cements and ACC, said they will make investments worth over Rs 780 crore at their plants to reduce carbon dioxide emissions. The companies would be investing in green power generation that will help reduce the carbon footprint, according to a joint statement.
  • The Indian economy is witnessing a V-shaped recovery as the Gross Domestic Product (GDP) has recorded a quarter-on-quarter growth of 23% in the July-September quarter of this fiscal, according to the Finance Ministry’s latest Monthly Economic Review The decline in the GDP narrowed to 7.5% in the second quarter of this financial year, over 23.9% in April-June quarter.
  • India’s exports fell 9.07% on year in November, steeper than 5.12% in October, to $23.43 billion. Trade deficit was $9.96 billion, preliminary data released by the commerce and industry ministry showed. This is the second consecutive month of contraction in exports after a 5.99% growth in September.
  • India’s energy demand grew 11.5% year-on-year in October, the second consecutive month of increase, after declining over March-August 2020 to 109.6 billion units, according to India Ratings.
  • State-owned Coal India reported a 3.4% rise in production at 51.7 million tonnes (MT) in November. The company had posted an output of 50 MT in the corresponding month of the previous fiscal, Coal India (CIL) said.
  • India’s power consumption growth rate slowed to 4.7% at 98.37 billion units (BU) in November this year amid the onset of early winters especially in the Northern part of the country.