As order books gain from India's increased capital outlay, some large capital goods and engineering companies are together spending over Rs 11,500 crore in creating new facilities, data shows. Nine engineering and capital goods companies, where data was available, including Siemens, Larsen & Tourbo (L&T) and KEC International, have a combined capital expenditure (capex) of about Rs 11,500 crore or more. Others such as ABB India and Thermax Global are also adding capacities.
Prime Minister Narendra Modi on Thursday thanked Qatari Emir Sheikh Tamim bin Hamad Al-Thani for the release of eight Indian nationals, who were sentenced to death after being arrested in Doha in August 2022.
'Interim Budget has ignited the entrepreneurial spirit.'
India, President of the G20, will host global leaders for the Summit scheduled to take place on September 9 and 10 in New Delhi.
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.
The nominees are Congresswoman Deb Haaland as Secretary of Interior, Jennifer Granholm as Energy Secretary, Michael Regan as administrator for Environmental Protection Agency and Brenda Mallory as Chair of the Council of the Council on Environmental Quality.
Tata Steel was the top gainer in the Sensex pack, zooming 7.57 per cent, followed by Sun Pharma, IndusInd Bank, L&T, ITC and HCL Tech.
The leaders of the Quad comprising India, the United States, Australia and Japan are set to demonstrate that the grouping is a 'force for global good' and has a unifying commitment to a rules-based international order amid China's increasingly intimidatory behaviour.
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Climate change and US-India collaborations in renewable energy resources will be up for discussion at the US-India energy summit coinciding with Prime Minister Narendra Modi's visit to Washington, DC, later this month, reports Aziz Haniffa.
United States President Joe Biden is not travelling to India next month to grace the Republic Day celebrations as the Chief Guest, and New Delhi is looking at holding the next Quad summit later next year instead of its earlier plan to host it in January, people familiar with the matter said on Tuesday.
Obama said he wants to boost the use of natural gas in transportation
Over eight million deaths in 2021 were attributed to air pollution, affecting both children and adults alike.
Sitharaman said that the government keeps 'Antodaya' (development of all) at the centre of all its programmes.
Icelandic photographer Bettina Vass takes the crown as the 8th International Wedding Photographer of the Year!
Sinner, Alcaraz will keep tennis' flag flying: Shastri
Ahead of the talks, the United Kingdom said it will offer India the best of British know-how on building battle-winning aircraft.
Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani said Friday as he outlined a 1-1-1 vision to bring down the cost of hydrogen to under $1 per 1 kg in 1 decade. The focus on generating electricity from renewable sources of energy such as solar and wind -will help cut carbon emissions in the world's third-largest greenhouse gas emitter. The same electricity, when converted into green hydrogen, can replace petrol and diesel in automobiles and other fuels in the industry, helping cut down on the use of fossil fuels, carbon emissions and reduce import dependence.
India had invited United States President Joe Biden to grace the occasion but he expressed inability to travel to New Delhi in January.
'A murder has occurred in the room, but there were no signs of struggle.' 'RG Kar says the body was discovered at 9:30 am. But the media was informed at 8:30 am.' 'We realised that crucial evidence was being destroyed.' 'She had several bite marks on her neck, but no swab was collected.' 'My daughter had 28 injuries on her body. But there was no DNA of the assailant under her nails.' 'Are you saying she did not try to defend herself?'
Developed nations must leave enough room for developing countries to grow, Prime Minister Narendra Modi said on Monday, asserting that the life of a "few" should not crowd out the opportunities for the many still on the initial steps of the development ladder.
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
India will soon become a green hydrogen exporting country, the road transport and highways minister told reporters before leaving for Parliament in the car, which is the first of its kind in India.
India cannot ignore the neglect of climate finance by the developed nations, Modi asserted at G20 session
The relationship between the US and India has been very productive, in particular on the trade and technology front, and 2023 can be considered the best year historically for bilateral ties, according to a former top American trade official. Arun Kumar, an Indian-American, who served as the assistant secretary of Commerce for Global Markets and director general of the US and Foreign Commercial Service (USFCS) during the Obama administration, said this during an interview with PTI in Washington. "Looking back on 2023, it was a very productive year for the US-India relationship, by many accounts the best year historically," he said.
Siemens delivered a strong margin performance and also reported high other income to beat consensus in the January-March quarter (Q2) of FY24 (the company's year-end is September 30). In addition, it has opted to demerge the energy vertical with a 1:1 award of shares in the newly demerged entity which will be listed by the end of this year (CY25).
Dhanatrayodashi is called Dhanteras and its twinkling lights set the mood of India's greatest and most popular festival -- Diwali, the festival of lights.
Metal sector is not too happy from Budget announcements for the sector
Unveiling his infrastructure conglomerate's green vision, billionaire Gautam Adani on Tuesday said his group will invest $20 billion over the next 10 years in renewable energy generation and component manufacturing and will produce the world's cheapest green electron. The port-to-energy conglomerate plans to triple its renewable power generation capacity over the next four years, foray into green hydrogen production, power all data centres with renewable energy, turn its ports into net carbon zero by 2025, and plans to spend over 75 per cent of capital expenditure until 2025 in green technologies, he said. Speaking at JP Morgan India Investor Summit, Adani Group chairman said the USD 20 billion investment will be in renewable energy generation, component manufacturing, transmission and distribution.
'Investors looking at the next 6-12 months can be certain that the Fed will maintain its easing cycle, and we expect the overall environment to be conducive for fixed income investments for portfolio diversification.'
Deals shrink to $396 million this year, compared to $793 million in 2011.
Biden praised India's Covid vaccination efforts.
The report, however, shows that Delhi's air quality improved by approximately 15 per cent from 2019 to 2020.
The Australian prime minister also said that he briefed Prime Minister Modi on AUKUS - a trilateral security arrangement between Australia, the UK and the United States that was unveiled in September 2021.
In spite of increasing opposition from the Left Front to the India-United States nuclear agreement, Prime Minister Manmohan Singh on Monday said that his government is committed to developing nuclear energy as a clean source of electricity."Our government is committed to developing nuclear energy as a clean source of electricity," Singh said after laying the foundation stone of the 1500 MW Pragati Phase three-gas power project at Bawana.
India Inc is gearing up for a slugfest this year and from tech to paints, new battlegrounds are emerging, observes Indrajit Gupta, co-founder, Founding Fuel.
India has an unprecedented opportunity to develop solar industry because like China, it offers scale which is critical to reducing costs and to stimulate innovation, says Shyam Saran.
United States President Joe Biden will travel to India from September 7 to 10 to attend the G-20 Leaders' Summit during which he will discuss with other leaders a range of global challenges, including the Ukraine conflict, the White House announced on Tuesday.
India and the United States signed an agreement to establish a bilateral energy cooperation programme under which the two countries will promote clean and energy-efficient businesses.
Prime Minister Narendra Modi on Tuesday met Microsoft co-founder and billionaire philanthropist Bill Gates on the sidelines of the climate summit here and discussed ways to further sustainable development, steps to mitigate climate change and vaccine research. The meeting between Modi and the American business magnate, whose foundation is focusing on fighting the COVID-19 pandemic, took place after the former launched the Initiative for the Resilient Island States (IRIS) for developing infrastructure of small island nations. Prime Minister Modi expressed appreciation for the work being done by the Bill and Melinda Gates Foundation in India, the Ministry of External Affairs (MEA) said in a statement.
According to Downing Street sources it was "no biggie".
