Billionaire Mukesh Ambani's Reliance Industries has invested euro 25 million in German solar wafer maker NexWafe GmbH to use the firm's technology to set up giga-scale wafer manufacturing facilities in India. "NexWafe GmbH (NexWafe) today announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (Reliance) as a strategic lead investor in its euro 39 million ($45 million) Series C financing round with an investment of euro 25 million ($29 million) in phase one," the Indian firm said in a late Tuesday evening statement. The investment by Reliance will accelerate product and technology development for NexWafe, including the completion of the commercial development of NexWafe's solar photovoltaic products on prototype lines in Freiburg.
Azad, 73, former chief minister of Jammu and Kashmir, ended his five-decade association with the Congress on Friday, terming the party "comprehensively destroyed" and lashing out at Rahul Gandhi for "demolishing" its entire consultative mechanism.
A five-judge Constitution bench of the Supreme Court on Wednesday said it will hear on September 27 an application by the Uddhav Thackeray-led faction seeking to restrain the Election Commission from deciding on the claim of Maharashtra Chief Minister Eknath Shinde-led group over the "original" Shiv Sena.
'India matters significantly to President Biden and to this administration, and not just in South Asia or the Indo-Pacific region, but truly globally.'
Not so hatke after all, but no reason to stay bachke either, notes Sukanya Verma.
Russia needs to be held accountable for the tragic loss of lives in Ukraine following its 'terrible' invasion of that country, Australian Prime Minister Scott Morrison said on Monday at a virtual summit with his Indian counterpart Narendra Modi.
Seven major state power distribution utilities, identified by the central government for financial restructuring, have failed to increase their tariff considerably to improve their financials.
Britain's third female prime Minister, Liz Truss, was out of office on Thursday after the shortest tenure at 10 Downing Street in London and without a cherished India-UK free trade agreement (FTA) under her belt as a Brexit prize.
'At the heart of the strategic relationship between our countries are economic ties.'
On Monday, Korosi met Prime Minister Narendra Modi, External Affairs Minister S Jaishankar and Petroleum and Natural Gas Minister Hardeep Singh Puri with an overall focus on pressing global issues including those related to the UN.
The phone conversation between Jaishankar and Blinken came days after Russian Foreign Minister Sergey Lavrov paid a two-day visit to India.
Diversified entity ITC Ltd on Thursday reported a 22.66 per cent rise in consolidated net profit at Rs 5,225.02 crore in the fourth quarter ended March 2023, led by a strong growth momentum across operating segments. The company had posted a net profit of Rs 4,259.68 crore a year ago, ITC Ltd said in a regulatory filing. Its revenue from operations increased 7 per cent to Rs 18,799.18 crore in the period under review against Rs 17,754.02 crore in the year-ago period.
The external affairs minister reiterated India's position on Afghanistan and highlighted its humanitarian support to the war-torn country, including the supply of wheat, medicines, vaccines and clothing.
Among major Sensex movers, Reliance Industries soared by 3.29 per cent as energy prices rose due to the war in Ukraine. Tata Steel emerged as the lead gainer among Sensex scrips, jumping by 6.61 per cent. Power Grid, Titan, NTPC, ICICI Bank, L&T, Infosys and Sun Pharma were among the gainers.
The game plan is to pressure India and China to come back and commit to further emissions cuts by next year's UN meeting. Neither China nor India has 2030 targets anywhere near in line with a 1.5 degree centigrade pathway, and so will be on the target list of nations under pressure to return next year with more ambition, predicts Ambassador M K Bhadrakumar.
The agreement on pricing last month marks a significant step towards promoting energy security in the region, say Nisha Taneja & Samridhi Bimal.
The article claimed that the "ICMR tailored its findings to fit Prime Minister Narendra Modi's optimistic narrative despite a looming crisis".
The dreary, cold months from December to February may prove to be the undoing of many a nation as they grapple with sky-high fuel prices - a result of the Ukraine conflict and the pandemic. Many - Europe, South Korea, Japan, and China - will still pull through on the strength of their wealth or because of strong storage infrastructure. But India will have its back to the wall. Signs of liquefied natural gas (LNG) rates hitting new records this winter are already evident.
External Affairs Minister S Jaishankar met United States Secretary of State Antony Blinken in Phnom Penh on Sunday and discussed bilateral ties, the raging Ukraine conflict, energy issues, G20 and the situation in the Indo-Pacific, days ahead of a possible meeting between Prime Minister Narendra Modi and President Joe Biden.
Efforts to normalise trading relations expected during the first such meet on Saturday
Human Development -- a measure of a nation's health, education, and average income -- has declined for two years in a row.
Ahmedabad-based firm's 'intelligent energy monitoring unit' enables firms to keep a tab on power consumption.
A looming global shortage of diesel in Europe presents India with more than one opportunity to profit from strong margins. A shortage of the fuel, a key contributor to inflation, has been exacerbated by the conflict in Ukraine, and western sanctions on Russian fuel supplies. The slowdown in natural gas supply means the West needs diesel to heat their homes this winter.
With power crisis scaling insurmountable heights, governments across the world have been racking their brains for quite some time to come up with an alternative source of energy.
Sukanya Verma gives us a lowdown on all those wonderful movies she saw and movies you need to see as and when they arrive to a screen or streaming space near you.
India has maintained communication with both Russia and Ukraine. It is time Narendra Modi steps up on the world stage and plays the role of peacemaker, suggests military historian Colonel Anil A Athale (retd).
Making water available is always a serious challenge in the summer for all public authorities. This year, the challenge is higher when hand-washing at every opportunity has become a necessity. So keeping potable water lines running without a glitch has become most necessary.
The first five months of 2023 have witnessed at least six major events/trends that augur badly for global economic and socio-political prospects, points out Shankar Acharya, former chief economic adviser to the Government of India.
On a cloudy Monday this month, Mohammed Irshad flew from Kochi to Gurugram to attend an exclusive investor networking event. Among a handful of founders selected for the event, Irshad was to pitch his peer-to-peer learning start-up Notespaedia for funding in front of top venture capital investors such as AngelBay, Elevation Capital, and Inflection Point Ventures. He failed to woo them, but the feisty entrepreneur was determined to continue his hunt.
After his wide-ranging talks with Modi on the second and final day of his India visit, Johnson said the new defence and security partnership will enable India to strengthen its domestic defence industry as well as help the two countries protect vital shared interests in the Indo-Pacific.
"There is no climate change but only "our tolerance and habits" have changed, Prime Minister Narendra Modi said on Friday while advocating that "struggle" with nature should be avoided and asked children to imbibe practices to save energy. His remarks made to students during an interaction on Teachers' Day have created quite a buzz on the social media.
Tata Steel has warned its suppliers that if they do not slash prices by up to 30 per cent in the long term then they risk losing the steel giant's business.
Water shortage is likely to lead to political tensions and instability in the future, warns Simon George, President, Cargill India.
'Maggi issue gave us room for introspection.'
US Deputy National Security Adviser Daleep Singh also referred to the 'no limits' partnership between Moscow and Beijing and said no one believes that Russia would come running to India's defence if China breaches the Line of Actual Control.
The high-level talks took place in the backdrop of indications that India could buy greater volumes of discounted Russian oil and both sides were keen on having a rouble-rupee arrangement for bilateral trade.
It is the first visit to India by a senior minister of a member nation of the Organisation of Islamic Cooperation after the controversial remarks triggered anguish in the Arab world.
Pakistan has taken several initiatives, including the revival of back channel diplomacy, to improve ties with India, Prime Minister Nawaz Sharif said on Thursday.
"We work with other countries to develop their capabilities and support their efforts to make free sovereign choices. More broadly, we aim to advance peace and stability in the region," he asserted.
During the virtual meet, Biden and Modi will discuss cooperation on a range of issues, including ending the COVID-19 pandemic, countering the climate crisis, strengthening the global economy, and upholding a free, open, rules-based international order to bolster security, democracy, and prosperity in the Indo-Pacific, White House Press Secretary Jen Psaki said.
