Asserting that the world does not have much time to correct the mistakes of the last century, Prime Minister Narendra Modi on Friday announced a 'Green Credit Initiative' focused on creating carbon sinks through people's participation and also proposed to host the United Nations climate conference in 2028, or COP33, in India.
Being organised by the US Department of Commerce, International Trade Administration, US and Foreign Commercial Service, in partnership with the US Department of Energy and US Agency for International Development, the Energy Efficiency Trade Mission would travel to New Delhi, Mumbai and Chennai from November 16 to 20.
The domestic currency had lost 44 paise in the previous two days.
Adani Power, part of the Adani group, plans to add close to 6 gigawatts (Gw) of new power assets in the next five years, according to an investor presentation by the company. That is clearly meant to ride on India's burgeoning power demand. But there is another side to it: All of this new capacity is expected to be thermal power, or power produced from coal.
The European Commission will propose scrapping tariffs on jet fuel imports starting January 1, an official said on Friday.
India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. The EU/G7 countries in December 2022 introduced a price cap and an embargo on the imports of Russian crude oil in a bid to cripple Kremlin's revenue and create a vacuum in its funding for the invasion of Ukraine.
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
US commercial crude oil stocks were forecast to have risen by 3 million barrels last week
The Adani group is in advanced talks with top sovereign funds based in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans. The group's flagship, Adani Enterprises, may dilute part of its stake in the airport-holding firm and/or the green hydrogen business to these funds, which are keen to invest in the Indian infrastructure sector, said a source close to the development.
As Mumbai's real estate and electric vehicle penetration grows, two of the city's private power distribution companies, Adani Electricity and Tata Power, are eyeing a bigger business pie, particularly betting on high-value customers. Adani Electricity Mumbai (AEML), the subsidiary which houses Adani Energy Solutions' Mumbai distribution business, recorded a six per cent growth in total units sold in the financial year 2023-24 (FY24), the company's presentation shows. This gain came at over 13 per cent growth in the year-ago period.
The country received $ 6bn in clean energy investment in 2013, out of a total of USD 62bn from 2006 to 2013.
China on Tuesday angrily denounced the nuclear-powered submarine deal announced by the US, UK and Australia, saying the pact violates the Non-Proliferation Treaty (NPT) and the three countries are travelling "further down the dangerous and wrong path."
India on Wednesday said Iran should fully cooperate with the International Atomic Energy Agency with a view to restoring confidence of the international community that its nuclear programme is peaceful in nature.
Cairn Energy of UK is seeking compensation from the Government of India.
By driving a hard bargain with Russia in procuring crude oil at the lowest price possible, India is furthering the policy of G7 and Washington is "comfortable" with New Delhi over its approach in addressing issues relating to energy security, a top Biden administration official said.
Pradhan met Energy Secretary Rick Perry during an unscheduled trip to the US Capitol and discussed energy cooperation between India and the US, Indian investment in Liquefied natural gas and shale sectors, and the possibility of the US exporting LNG to India from early next year.
India will become the largest single source of global oil demand growth after 2020, the International Energy Agency said.
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.
Putin also told his French counterpart that Kyiv does not comply with the agreements reached with Moscow on the evacuation of civilians from combat areas, the Kremlin said.
With the fight now having been taken to the seizure of nuclear plants, it is one more warning to Europe that this prolonged war could end up with disastrous consequences, observes Rashme Sehgal
DAE officials, who had marathon discussions for the last two days in Mumbai on the issue of safeguards to be discussed with the IAEA, received confirmation of an appointment with ElBaradei on Sunday night to initiate negotiations, the DAE sources said.
The limited availability of flexible (flex)-fuel vehicles in the Indian market and the slow rollout of ethanol-blended petrol by oil-marketing companies (OMCs) remain major obstacles to achieving widespread use of biofuels in the transportation sector in India. Recently, two Union ministers have emphasised India's biofuel potential, arguing that it has the capacity and potential to lead a transition towards widespread biofuel adoption. Road Transport Minister Nitin Gadkari signalled that this transition is well underway and urged car manufacturers to quickly adapt and introduce new biofuel-run vehicles, lest the government resort to taxing diesel vehicles.
Prime Minister Narendra Modi spoke with Ukrainian President Volodymyr Zelenskyy on Tuesday and asserted that there can be no military solution to the Ukraine conflict, while also underlining that endangerment of nuclear facilities could have catastrophic consequences.
The notification formalities were completed on Thursday night, a crucial step in paving way for the implementation of international civil nuclear cooperation, Department of Atomic Energy sources said.
Ukraine's intelligence chief says Russia is sending more troops into Kherson -- the largest city in Ukraine under Russian occupation -- and may be preparing to defend it against a Ukrainian counteroffensive, despite previously saying that Russian forces were leaving the city.
The Supreme Court on Monday sought response of former ICICI Bank CEO-cum-MD Chanda Kochhar and her businessman husband Deepak Kochhar on a plea of the CBI challenging the interim bail granted to them by the Bombay high court in a loan fraud case. A bench of Justices Aniruddha Bose and Bela M Trivedi issued notice on the plea of the CBI and sought the response of the couple in three weeks.
The Chernobyl nuclear power plant's personnel are continuing to service the facilities and monitor the radiation situation at the station as usual, a top Russian official claimed on Friday, a day after Russian forces took over the decommissioned facility after a fierce fight with Ukrainian soldiers guarding it.
The Supreme Court on Tuesday questioned the CBI over not objecting to repeated extension of the two-week interim bail granted in January this year to former ICICI Bank CEO-cum-MD Chanda Kochhar and her businessman husband Deepak Kochhar in a loan fraud case. A bench of Justices Aniruddha Bose and Bela M Trivedi asked Additional Solicitor General SV Raju, appearing for the CBI, as to why the probe agency did not resist repeated extension of interim bail granted to them by the Bombay high court on January 9. "This order is of January 9 and interim bail was granted for only two weeks. Why have you not resisted? Why are you permitting it to continue for such a long period?
Officials from State-run refiners contend that savings from purchase of Russian oil are used to offset a part of the losses in revenues from selling transport fuels and LPG at State-set rates.
The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).
Iran on Tuesday said it will not succumb to the western pressures to compromise its 'inalienable right' to use nuclear technology for peaceful purposes.
Trinamool Congress is the second highest recipient of political donations through electoral bonds.
The United Nations nuclear watchdog is contemplating to set up a reserve nuclear fuel bank for supplying fuel to countries, which have renewed interest in expanding their atomic energy programme.
DFC is the US government's development finance institution. Adani Ports and Special Economic Zone Limited (APSEZ) in a statement said that the US fund will support the development of deepwater shipping container terminal in the Port of Colombo.
International Atomic Energy Agency chief Mohammad ElBaradei hailed India as a "leading advocate" for nuclear disarmament and asked the world to listen to its "voice" on elimination of all nuclear weapons. "India called for the elimination of all nuclear weapons as far back as 1948. It is important that India's voice should continue to be heard.
During Prime Minister Manmohan Singh's wide-ranging talks with his Italian counterpart Romano Prodi in Delhi, the two sides expressed their commitment to work towards establishing a strategic partnership.
Noting that the 123 Agreement between India and the US reflected deepening relationship between the two countries, top Obama Administration officials have said that it would have broader impact in the Indo-US ties.
India will begin another round of talks with the global nuclear watchdog International Atomic Energy Agency in Vienna from Monday for negotiating the safeguards agreement, a pre-requisite for the India-United States nuclear agreement. The Indian delegation, led by R B Grover, a top official in the Department of Atomic Energy, reached Vienna today for the talks, which are expected to go on till the month-end.
