Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.
Modi was honoured with the 'Order of Zayed', the UAE's highest civilian award, in 2019 as a mark of appreciation for his efforts to boost bilateral ties between the two nations.
Conserving energy, the prime minister said, is the need of the hour.
French oil and energy group Total has agreed to a $2.5 billion deal that includes buying a 20 per cent minority stake in Adani Green Energy Ltd (AGEL) from Adani Group, as it builds up its presence in the renewable energy sector. The deal involves Paris-based Total getting a board seat in the largest solar energy developer in the world, as well as a 50 per cent stake in a 2.35 gigawatts portfolio of operating solar assets, the two firms said in statements. Total had in 2018, agreed to buy a 37.4 per cent stake in Adani Gas Ltd - the city gas distribution firm of the Adani Group, and a 50 per cent stake in the billionaire Gautam Adani-run ports-to-energy conglomerate's under-construction Dhamra LNG project in Odisha.
As part of efforts to combat climate change, Prime Minister Manmohan Singh on Monday advocated creation of Solar Valleys in India on the lines of Silicon Valleys and asked industrial houses to view the Solar Mission as a huge business opportunity.
This can happen if the government reaches its goal of 100 giga watts of solar photovoltaic energy and 60 GW of wind energy
This is the largest plant of its kind in India. The unit has been set-up by the West Bengal Green Energy Development Corporation Limited, the power from which will be purchased by DPSC Ltd. at Rs 5.00 per unit along with an additional central subsidy of Rs 10 per unit.
Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate.
The unrelenting heatwave sweeping large parts of the country has claimed at least 110 lives and left over 40,000 people grappling with suspected heatstroke between March 1 and June 18 this year, health ministry sources said on Thursday.
Over eight million deaths in 2021 were attributed to air pollution, affecting both children and adults alike.
A Bangalore-based firm devises a finance system to help rural households access solar energy.
About 53 million homes in the country are yet to get electricity and many industries depend on diesel generation sets to meet their requirements.
Posco Daewoo, the South Korean conglomerate whose Cielo sedan and Matiz hatchback were once the pride of Indian car owners, is looking to re-enter India. And its return journey is riding on plans to sell electric bikes and e-cycles. The company termed India's robust economic growth and surging consumer demand as reasons behind its comeback plans, saying they make India "one of the world's most promising consumer markets," according to Y S Choi, general manager, Posco Daewoo South Korea.
Modi's Made in India dream takes a beating
In order to reduce government litigations, the Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council has fixed a monetary limit for filing appeals by the tax department before the various appellate authorities. It has recommended a monetary limit of Rs 20 lakh for GST Appellate Tribunal, Rs 1 crore for the High Court and Rs 2 crore for the Supreme Court for filing of appeals by the department before these legal forums, she said after the 53rd GST Council meeting held in New Delhi.
Foreign investment firms, especially private equity, are jittery about the Indian market as uncertainty continues to shroud the energy sector.
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.
Asia's biggest solar power plant having the capacity to generate 130 mw was already functioning in MP's Neemuch district
With the Centre issuing the guidelines of the new semiconductor policy, companies are firming up their investment plans in India to set up plants.
Data collected around L1 would provide insights into the origin, acceleration, and anisotropy of solar wind and space weather phenomena, it said.
The prize, worth 40,000 pounds, was announced yesterday night by noted environmentalist and broadcaster, Sir David Attenborough.
The clean energy sector in India will be one of the first sectors that would benefit during Prime Minister Narendra Modi's US trip. The sector awaits investments worth about $1 billion from US companies.
A framework agreement on Jaitapur Nuclear Power Project (JNPP) is expected to be signed between the two sides during the visit.
Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.
Reliance's big-bang entry across the solar ecosystem will cut dependence on Chinese imports drastically. And Ambani's repeated emphasis that RIL's new energy foray will be 'a truly global business' points that his group is playing not just for a share of the Indian pie but to be the OEM in the larger 5,000 GW global market by 2030, points out Shailesh Dobhal.
Cost of solar power broke the Rs 10/unit barrier in a reverse auction process conducted by India government.
The India-US Commercial Dialogue is an institutional arrangement between the two countries to promote trade and remove obstacles.
The Great Indian bustard is at the centre of another impending legal tussle. The government is planning to move the Supreme Court seeking a review of its order that asked Gujarat and Rajasthan to lay transmission lines linked to solar power units underground so as to not pose any threat to the endangered bird. The ministry of new and renewable energy (MNRE) has sought a view from the law ministry and will move the court basing its arguments on estimates showing that the bird's population was declining even before solar power plants came to the region, said a senior government official requesting anonymity.
Dubai Municipality will not approve any building license after March 4, 2012, unless the building plan has provision for solar water heaters.
With a view to reducing its dependence on conventional sources of energy, Railways is looking to harness solar power in a big way and is likely to include a plan for the same in its upcoming budget.
Moser Baer, maker of computer compact discs, on Monday said it will invest $250 million over the next three years to set up a thin film solar fabrication facility.
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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.
He said government's objective is to generate 20000 MW solar power by 2020.
SoftBank will hold majority stake in the joint venture.
The roof top installation by the Karnataka State Cricket Association is a novel initiative executed for the first time at any stadium in the country and, probably, also the first cricket stadium in the world to have such facility, the Karnataka State Cricket Association said.
Days after landing on the Moon, India will aim for the Sun on Saturday with its maiden solar expedition, as ISRO's trusted PSLV will carry the Aditya L1 mission on a 125-day voyage to the Sun.
The solar-powered airplane from San Fransisco to Phoenix took 18 hours and 18 minutes on Saturday - and didn't use a drop of fuel.
'From our survey we found that there was a problem in the agricultural sector and drones could solve the problem.'
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