<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 3): Mudajaya Group Bhd’s joint-venture coal-fired independent power production (IPP) project in India is seeing some action after a long pause.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, Mudajaya said its wholly-owned unit Mudajaya Corp Bhd (MCB) has received a notification letter from the joint-venture company, RKM Powergen Pvt Ltd, on its intention to supply power to Uttar Pradesh Power Corp Ltd (UPPCL).</p></div>

<div class=newsTextDataWrapInner><p>RKM is 74%-owned by India-based RK Powergen Pvt Ltd and 26% by MCB. The company had in March 2016 executed a 25-year power purchase agreement for the supply of 350 megawatt power with several power distribution companies in Uttar Pradesh state.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The tariff was approved by Uttar Pradesh Electricity Regulatory Commission on Feb 1. Subsequently, UPPCL filed a review petition seeking certain modifications,” Mudajaya said.</p></div>

<div class=newsTextDataWrapInner><p>After the modifications are approved, UPPCL will issue the notice of despatch for the commencement of power supply by RKM, the group said.</p></div>

<div class=newsTextDataWrapInner><p>Mudajaya's share price closed unchanged at 82 sen today for a market capitalisation of RM441.5 million.</p></div>


KUALA LUMPUR (March 3): Mudajaya Group Bhd’s joint-venture coal-fired independent power production (IPP) project in India is seeing some action after a long pause.

In a filing with Bursa Malaysia, Mudajaya said its wholly-owned unit Mudajaya Corp Bhd (MCB) has received a notification le...

Mudajaya's India JV receives notice to supply power to Uttar Pradesh company

(May 7): Electric-pickup maker Rivian on Tuesday stuck to a 2024 production forecast well below Wall Street targets and reported a wider-than-expected first-quarter loss as it ended a weeks-long manufacturing halt.

Rivian shares fell 6% in after-hours trading as the muted forecast drew ...

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Air India Ltd’s budget carrier cancelled almost 30 flights since Tuesday, according to data from tracking company FlightAware, after cabin crew called in sick en masse.

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The US has halted a shipment of powerful bombs to Israel, a US official said, as Washington puts pressure on its ally to avoid a full-scale invasion of the Gaza Strip's crowded southern city of Rafah and give more time for ceasefire talks.

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(May 8): Natural gas transporter TGS SA is hitting the breaks on plans to build a small liquefaction plant to ship Argentina’s growing production of shale gas, as state-run energy company YPF SA seeks industry-wide support for its large-scale project.

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The Riksbank cut its benchmark interest rate for the first time in eight years, acting before the neighbouring eurozone in a bid to offer respite to Sweden’s recession-stricken economy.

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The Sabah residential property market looks to have returned to positive growth in the last quarter of 2023, although the total volume of transactions in the year saw a slight decrease from 2022. The good news is that even with the dip, the transaction value increased in 2023 from the previous ye...

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LICENSED pawnbrokers, whose loans are collateralised against gold in the form of gold jewellery, gold bars and gold coins, are benefiting from the rise in the price of the precious metal, as pawn value and the number of transactions increase.

Year to date, gold has risen 12.7% to US$2,3...

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<p>KUALA LUMPUR (May 8): Petronas Dagangan Bhd (KL:PETDAG) faces a threat from Saudi Aramco’s possible entry into Malaysia’s fuel retailing market, on top of the impending withdrawal of fuel subsidies, CGS International warned.</p>


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<p>Former National and Johor Darul Ta’zim (JDT) skipper Safiq Rahim became the third National footballer to be attacked within a week, although the JDT player’s attack seemed more of a warning than personal harm.</p>


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<p>Hospital operator IHH Healthcare Bhd (KL: IHH) on Wednesday said it has invested in Belun Technology Company Ltd that makes devices tackling sleep apnea and other sleep disorders.</p>


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<p>The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence (AI) technology said the country would divest from China if it were asked to do so by the US.</p>


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<p>KUALA LUMPUR (May 8): Go Hub Capital Bhd (KL:GOHUB), a provider of information technology (IT) services catering to the transportation sector, said on Wednesday that it has received approval for its listing on the ACE Market of Bursa Malaysia.&nbsp;</p>


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<p>Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve (Fed) cuts interest rates this year, while a resurgent dollar helped weaken the yen further.</p>
