Singapore Airlines Group has stated that the proposed merger between Air India and Vistara will strengthen its multi-hub strategy and allow it to participate in the Indian aviation market. The group has reported a 24% rise in net profit for FY 2023-24, driven by robust air travel demand.
In FY 2023-2024, renewable energy accounted for a significant portion of India’s newly added power generation capacity, with solar energy dominating the renewable energy addition. The share of coal and lignite in India’s total installed capacity fell below 50% for the first time. The report also highlights the rise in peak power demand and the increase in foreign investment in non-conventional energy.
