Billionaire Gautam Adani's group is said to be planning a surprise entry into the race to acquire telecom spectrum, which will pitch it directly against Mukesh Ambani's Reliance Jio and telecom czar Sunil Bharti Mittal's Airtel, sources said. Applications for participating in the July 26 auction of airwaves, including those capable of providing fifth-generation or 5G telecom services such as ultra-high-speed internet connectivity, closed on Friday with at least four applications. Jio, Airtel and Vodafone Idea -- the three private players in the telecom sector -- applied, three sources with knowledge of the matter said.
Power Minister Piyush Goyal on the government's manufacturing push and other key issues.
Conserving energy, the prime minister said, is the need of the hour.
'I have personally been very keen on investing in lithium ion battery technology for some time.'
India is sitting on huge untapped solar photovoltaic offgrid opportunities, given its ability to provide energy to hitherto vast untapped remote rural areas, the scope of providing backup power to cell towers and its inherent potential to replace precious fossil fuels.
Reliance Industries on Friday reported a 41.5 per cent jump in its third quarter net profit as oil, retail and telecom businesses fired on all cylinders. Net profit of Rs 18,549 crore in October-December compared with Rs 13,101 crore a year back, the company said in a stock exchange filing. Income from operations rose to Rs 1.91 lakh crore from Rs 1.28 lakh crore.
The Indian Space Research Organisation has resolved to alight its lander on the lunar surface with Chandrayaan-3 in addition to a maiden solar expedition in 2020.
After missing two self-imposed deadlines, billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced recalibration of a proposed $15 billion deal to sell 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco, saying the two firms have agreed to re-evaluate the proposed investment in light of the Indian firm's new energy forays. The stake sale talks, which were first officially revealed in August 2019, are being reset in light of Reliance making forays into new energy business in recent months by investing $10 billion in alternative energy over three years. To pivot to green energy, it has already bought a German maker of photovoltaic solar wafers and signed a deal with a Danish company to manufacture hydrogen electrolysers in India.
Reliance has a 24 per cent conversion rate of 'oil-to-chemicals' at present and may be targeting 70 per cent conversion.
Prime Minister Narendra Modi visited Tesla Motors' iconic headquarters in California.
Modi has set a target of generating 100 Gw of solar power by 2022.
How the 4 ministries have performed
This can happen if the government reaches its goal of 100 giga watts of solar photovoltaic energy and 60 GW of wind energy
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
'It is in electronics that the gap between where we are and where we need to be is most obvious and most persistent.' 'It is not only a national security issue, but also a commercial issue,' argues Rajeev Srinivasan.
If international crude oil prices zoom past the current level of about $90 per barrel and move towards $100 and beyond, middle-class consumers are not going to keep quiet about their discomfort, points out Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
The council resisted intense pressure from the powerful manufacturing, pharma and other trade lobbies that have urged the Obama administration to enact punitive measures against India for a laundry list of alleged intellectual property and patent violations.
Earlier in the day, the prime minister inaugurated a slew of development projects and laid foundation stones of several others related to energy, connectivity, education, tourism and health sectors.
Tax incentives to have cascading effect on the capital goods industry.
All the growth, it says, has meant that investment capital has poured into the sector with clean energy stocks easily outpacing the broader markets. The NASDAQ's 'Clean Edge' index was up 66.67 per cent last year, compared to just 3.53 per cent for the S & P 500 and 9.81 per cent for the NASDAQ Composite. Overall clean energy index returns particularly for wind and solar companies have fared even better.
Narendra Modi's speech at the India Economic Convention was the best such oration since Atal Bihari Vajpayee addressed the nation from the Red Fort in the aftermath of Kargil, feels Shreekant Sambrani.
Apart from cotton, copper, petroleum and industrial machinery, India does not export much to China. This means that India buys six times the merchandise it sells to China, points out Abhishek Waghmare.
The annual award includes a pure gold medal, a citation and a prize purse worth $ 100,000 or its equivalent in the Indian rupees.
The presence of phosphine in Venus's thick atmosphere has revived the age-old question: Are we alone?
Such investments will bring tremendous job opportunities and strengthen the IT sector in the country
Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. Addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference, Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about $520 billion in the next five years", he said. He added that there is also an expectation that the current workforce in the sectors, which will avail the benefits of the PLI scheme, will be doubled and job creation will also increase.
If you want a reminder of just how gorgeous our universe is, then take some time to browse the winners of the 2020 Insight Investment Astronomy Photographer of the Year competition. French photographer Nicolas Lefaudeux took the top prize with a tilt-shift perspective on the Andromeda Galaxy. The winning images are part of an exhibition opening on October 23 at the National Maritime Museum in London and have been collected into a book. Cue some truly innovative an unexpected captures of galaxies, nebulae, planets, the Moon and even SpaceX satellites.
Wanted diamond merchant Nirav Modi, who remains behind bars in a London prison as he contests his extradition to India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank (PNB) scam case, will find out the UK court's ruling in the nearly two-year-long legal battle on Thursday. The 49-year-old is expected to appear via videolink from Wandsworth Prison in south-west London at Westminster Magistrates' Court, where District Judge Samuel Goozee is set to hand down his judgment on whether the jeweller has a case to answer before the Indian courts. The magistrates' court ruling will then be sent back to UK Home Secretary Priti Patel for a sign off, with the possibility of appeals in the High Court on either side depending on the outcome.
The Street is talking about the New Rakesh Jhunjhunwala who has invested heavily in a particular stock.
Vodafone to invest 1.3-billion pounds in upgrading and expanding its network in India.
India's dependence on imported crude oil to meet domestic demand has been a matter of concern for years. Delivering the inaugural address at the global energy summit - Urja Sangam - in 2015, Prime Minister Narendra Modi had called for enhancing domestic oil and gas production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence. But this target is far from being achieved and the country's import reliance has only risen.
'When the Brexit bomb goes off, the shrapnel will wound us.' 'We will in the time-honoured tradition apply band-aids all over.' 'Those who shout the loudest will get economic relief like interest rate reduction and debt restructuring.' 'Others will go on living lives of quiet despair,' says S Muralidharan.
According to researchers at IBM India, many of the estimated 50 million lithium-ion laptop batteries discarded every year could provide electricity storage sufficient to light homes in developing countries.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
"Chandrayaan-2 is not the end of story. Our plans on Aditya L1 solar mission, human spaceflight programme are on track. A large number of advance satellite launches are planned in the coming months. SSLV will make its maiden flight sometimes in December or January. Testing of 200 ton semi-cryo engine is expected to begin shortly. Work is on to provide NAVIC signals on mobile phones, which will open the path to develop large number of applications for societal needs," he added.
The national budget 2019-20 had an outlay of Rs 10,000 crore for Phase-II of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme to boost electric mobility and increase the number of EVs in commercial fleets.
What will it take for Tesla to plug and play in India? Sector pundits say it's a mix of strategy, getting the price right, timing, the right talent, and above all, patience.
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
Scientists at the University of Maryland in US tested the components in the battery which were a thousand times thinner than a piece of paper.
'Space is dangerous and there will be many failed attempts as we try to use mankind's ingenuity to take the next evolutionary step.'
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