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India's coal use rises amid heatwaves and costly LNG, keeping coal dominant despite renewable growth.

Market News
04 May 2026
CNBC
View Source
Bearish
pluang ai news

India's coal-fired power generation increased in April due to a nationwide heatwave and higher liquified natural gas (LNG) prices, which made gas-fired power less competitive. Despite more than half of India's power capacity coming from renewable sources, coal remains the primary energy source, accounting for over 70% of electricity generation. The heatwave raised electricity demand, pushing coal use higher, while disruptions in petroleum coke supply also led industries like cement to rely more on coal. India aims to reduce emissions intensity by 47% by 2035 and reach net-zero by 2070, but coal demand is expected to grow if heatwave conditions persist or El Niño develops.

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Cortea raises €12M to launch AI tools enhancing audit quality and efficiency for firms in UK, US, and Germany.

Cortea raises €12M to launch AI tools enhancing audit quality and efficiency for firms in UK, US, and Germany.

Cortea secured €12 million in funding led by Dawn Capital to develop AI-powered Audit Quality Agents that review audit reports and financial statements, identifying errors and inconsistencies before sign-off. These tools help audit firms improve qual...

Others
Bullish
1 hour ago
Cortea raises €12M to help auditors use AI without losing quality

Cortea raises €12M to help auditors use AI without losing quality

Cortea secured €12 million in seed funding led by Dawn Capital to develop AI tools that enhance audit quality without compromising accuracy. Their Audit Quality Agents review audit reports and financial statements to detect inconsistencies and errors...

Company Fundamentals
Bullish
1 hour ago
Hong Kong launches 'Summer Fun' with events, discounts, and exclusive offers to boost tourism this summer.

Hong Kong launches 'Summer Fun' with events, discounts, and exclusive offers to boost tourism this summer.

Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign featuring a series of vibrant summer events including the 50th Sun Life Hong Kong International Dragon Boat Festival, Pixar Summer Fest, and a major football event with top Euro...

Market News
Bullish
1 hour ago
Hong Kong launches "Summer Fun" with citywide events and massive deals through August.

Hong Kong launches "Summer Fun" with citywide events and massive deals through August.

Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign, featuring festivals, family attractions, sports events, and exclusive summer deals valid until August 31. Highlights include the 50th Sun Life Hong Kong International Dragon Bo...

Market News
Bullish
1 hour ago
XTransfer named to FXC Intelligence’s Top 100 Cross-Border Payments Companies for 2026 again

XTransfer named to FXC Intelligence’s Top 100 Cross-Border Payments Companies for 2026 again

XTransfer has been recognized for the second consecutive year in FXC Intelligence’s 2026 Top 100 Cross-Border Payments Companies list, highlighting its role in advancing global B2B payment solutions. The company, serving over 890,000 enterprises in 2...

Market News
Bullish
1 hour ago
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