The expansion in headcount will come across nearly 13 of its business verticals including agriculture and nutrition, construction, automotives, renewable energy, textiles and chemicals.
The Videocon Group on Friday announced its foray into the solar energy sector through an equal joint venture with the Belgium-based global renewable energy developer Enfinity and has set an aggressive target of generating 2,000mw in a couple of years.
The government-owned Indian Oil Corporation is tying up with US-based National Renewable Energy Laboratory for a pilot project to produce second generation biofuel. This biofuel -- essentailly bio-ethanol -- would be produced from cellulosic biomass or degradable agricultural waste or wood.
Indiabulls Power, which is developing over 6,650 Mw from five thermal power projects by 2013, is planning to also bid for ultra mega power projects (UMPPs), besides foraying into renewable energy to grow as a major electricity producer. The company will bid for some of the coming UMPPs, after evaluating dedicated availability of coal and the market conditions, said Ranjit Gupta, chief executive officer, and Murali Subramanian, chief operating officer.
State-run Indian Oil Corporation plans to set up solar power panels and power plants at its over 18,100 retail outlets across the country at a cost of Rs 500 crore (Rs 5 billion).
Redevco, one of Europe's largest real estate investment and development firms, with a $10 billion portfolio, is understood to be looking at investing around Rs 300 crore in various projects of Bangalore-based Sobha Developers.
Mukesh Ambani's Reliance Industries Ltd may be one of the biggest producers of natural gas in the country, but its power foray is likely to be coal or renewable energy based. The company is planning to not only bid for ultra mega power projects but also go in for acquisition of the power plants, said industry sources.
Billionaire Mukesh Ambani's Reliance Industries has announced the contours of carving out of its oil-to-chemicals (O2C) business into an independent unit with a USD 25 billion loan from the parent, as it looks to unlock value by selling stakes to global investors like Saudi Aramco.
Some of the big names who decided to roll out the yoga mat
The aim of a green building design is to minimise the demand of non-renewable sources and maximise its utilisation.
The total wealth of the ultra HNIs, or those with a networth of over Rs 25 cr, grew by five per cent to Rs 1.35 lakh cr.
As a board member, he will help USIBC provide strategic direction to US and Indian firms seeking bilateral investment opportunities and partnerships.
India will add about 9000 MW of wind power generation capacity during XIth Five Year Plan ending March 31, 2012, lower than previously targeted 11,000 MW.
Maharashtra Navnirman Sena chief Raj Thackeray was one of the guests at the Prati-Kolhapur Festival, which was held at Shivaji Park in Mumbai on Monday.Thackeray, who donned a Kolhapuri headgear for the occasion, was his usual fiery self.
The government said on Thursday that it will not allow 'red-tape' in the new energy sector and was working to do away with difficulties faced by industry in the field.
State-run utility NTPC plans to more than double its power generation capacity by 2017 from the current 30,000 MW, diversifying further into renewable and nuclear energy.
Union Minister for New and Renewable Energy Farooq Abdullah on Wednesday late night met Telugu Desam Party president N Chandrababu Naidu at the latter's residence in Hyderabad.
Experts hail Obama's India trip as a big step towards signing of imp trade agreements.
The policy brief for a Global Green New Deal, developed by economists and the UN ahead of the G-20 meeting of world leaders in London in early April, highlights the benefits of investing a significant amount of the $3 trillion-worth of global stimulus packages in five areas. The UN Environment Programme said these areas include raising the energy efficiency of old and new buildings, more emphasis on renewable energy sources.
Modi said that there was an immediate need to strengthen the WTO, fighting protectionism, ensuring energy security and work together to fight terrorism.
Union Minister for New and Renewable Energy Farooq Abdullah on Friday said the government has installed 18,000 wind mills across the country with production capacity of 10,386 MW.
China is the world's worst polluting nation with the highest overall annual emission of greenhouse gases.
Wind energy major Suzlon Energy on Friday said its group firm in Spain has entered into a pact with EUFER to supply wind turbines to Spain and Portugal.
This is Rabi Rashmi Abasan, India's first "solar housing complex". Piloted by the West Bengal Renewable Energy Development Authority (WBREDA), the 26 villas in this complex are a showcase for the exciting possibilities that BIPV - building integrated photovoltaic - technology offers for residential projects of a similar nature.
Text of PM Narendra Modi's press statement after delegation level talks with US President Obama at the Hyderabad House in Delhi.
For instance, Indian Oil Corporation, the nation's biggest marketer and refiner, doubled its R&D spend from Rs 30 crore to Rs 60 crore (Rs 600 million) this year. The company is conducting research in areas like biodegradable lubricants and oil refining technology. The company will shortly commission a pilot at its Faridabad centre, where it will install technology for coal gassification and production of ethanol from biomass.
"Thank you @tim_cook! Friends, welcome & happy volunteering. Your views & efforts are always enriching," Modi tweeted after meeting Cook.
The Centre currently charges 8 per cent CVD on the import of e-bike components. For making e-bikes, firms import motor, battery, and other electronic and mechanical parts from China and Taiwan. Over 55 per cent of components are imported. Also, in order to encourage the use of environment friendly vehicles, the government should provide at least 30 per cent subsidy on the purchase of bike under the New and Renewable energy policy.
Tata Trusts is one of India's oldest, non-sectarian philanthropic organisations involved in areas of community development.
Neyveli Lignite Corporation Ltd is planning to invest Rs 10,000-12,000 crore in setting up power projects. It is also planning to foray into renewable energy, by setting up wind energy farms and solar units.
United States Congressman Jim McDermott has introduced major new legislation to, in his words, "unite the two great democracies of India and the United States together in development of new and renewable energy supplies". The legislation seeks to establish a Congressional Commission on Renewable Power Technology Commerce with India to study methods for improving and promoting bilateral renewable energy cooperation with India.
Aiming at reduction of carbon emission by using clean energy, Indian Railways has embarked upon a renewable energy action plan as part of the national policy to address the impact of climate change.
"The Sukhoi will invest Euro 2 billion (Rs 13,600 crore) for manufacturing about 25 to 50 super jets initially and later 100 aircraft at full capacity," Union Minister for New and Renewable Energy Vilas Muttemwar said on Friday.
Such investments will bring tremendous job opportunities and strengthen the IT sector in the country
Lot will depend on the discom's ability to source cheap power and pass on the same to consumer
Piyush Goyal emphasised that India is committed to pursue a green path to growth.
Kaushik Khona's second innings at GoAir will be more challenging than the first. Globally, the aviation industry is in deep distress because of the pandemic, reports Aneesh Phadnis.
The Standing Committee on Emission Regulation - under the Ministry of Shipping, Road Transport & Highways - today approved addition of hydrogen to CNG (compressed natural gas) for use in vehicles. The proposal is to use CNG with 20 per cent hydrogen content.
The Energy Efficiency and Renewable Energy (EERE), US Department of Energy, is in talks with several Indian government departments for creating a bio-mass roadmap for India similar to the one being planned with China.
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