Reliance has a 24 per cent conversion rate of 'oil-to-chemicals' at present and may be targeting 70 per cent conversion.
Ahead of the Climate Change Summit in Paris, Prime Minister Narendra Modi on Saturday said renewable energy could be a major component in meeting India's power requirement and promised to provide electricity to 18,000 villages in the country in the next 1,000 days.
Macron held a tete-a-tete with Modi before the delegation-level talks at the Elysee Palace - the official residence of the French president.
This is part of the nine memorandums of understanding (MoUs) worth Rs 5,027 crore, including Hero Group-backed Ather Energy's over Rs 600 crore investment, to establish a manufacturing facility for e-vehicles.
Weeks after confusion over three Mauritius-based funds whipsawing shares of Adani group firms, billionaire Gautam Adani on Monday said that "twisted narrative" seems to imply that companies have regulatory powers over their shareholders and can compel disclosures. Shares of port-to-energy group nosedived last month after reports that accounts of three of the six Mauritius-based funds that have invested most of their money in Adani group firms had been frozen by the national share depository. The three funds owned about $6 billion of shares across the conglomerate.
Hearing words of praise from Prime Minister Narendra Modi during his radio programme Mann Ki Baat on Sunday came as a pleasant surprise for 55-year-old Noor Jehan for whom lighting homes in her village by providing solar lamps on rent has now become a way of life.
According to plans, the new structure will be more energy efficient, fitted with all modern amenities like multilevel parking facility, centralised air conditioning systems and solar panels, reports Arnab Dutta/Business Standard.
'Being one of the 150 million upper middle class consumers, I can vouch that the average expenses on white goods or clothing are minimal. Indians are not consumerist by nature,' says Colonel Anil A Athale (retd).
Dr Bhabha and Dr Sarabhai didn't feel guilty for their ambitions; it was for those 'mad scientists' that India is a powerhouse -- both at the atomic level and in the vastness of space, observes Kumar Abishek.
Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
The vehicle will not be available until end-2017, or later.
Countries with abundant resources are faring worse in terms of development than those with less.
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).
India's leading banks are seizing opportunities in an emerging low-carbon economy.
Dhruvraj Bhartia along-with Jyotirmoy Chatterji, co-founder of Project Chirag, singlehandedly set up 165 solar lamp units in the four villages
'The lessons learnt from the triple disaster have put Japan's energy future On the right path,' notes Dr Rajaram Panda.
'Just remember, when it comes to climate change, there is no STOP button!' 'We can't hit pause or even rewind, we can only move together towards the future.'
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.
The installation work is expected to begin in October.
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.
Modi's unexpected announcement of achieving net zero by 2070 may have neatly deflected the pressures on India to sign up to an ambitious pledge but it does nothing to dispel the ecological emergency that threatens all life on the planet, , points out former forerign secretary Shyam Saran, the prime minister's special envoy and chief negotiator on climate change 2007-2010.
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
ICICI Bank has quashed rumours of favouritism, nepotism and quid pro quo. The bank clarified that while Chanda Kochhar was on the credit committee, she was not the chairperson. Videocon Chairman Venugopal Dhoot said there was no impropriety in the deal.
Power Minister Piyush Goyal on the government's manufacturing push and other key issues.
The Uttar Pradesh chief minister vows to curb corruption and bring in transparency in governance.
'If you weed out corruption, you will bring glory to Goa.'
'Both the people have a perspective and are people of stature and people of understanding'
An articulate ex-banker and a chartered accountant by training, Piyush Goyal is particular about numbers.
Meet Sonam Wangchuk, the man who inspired Aamir Khan's role in 3 Idiots.
After the talks, it was also announced that India has decided to extend e-Visa facility to Saudi nationals.
Finland-based new energy technology company, The Switch, has established a wholly-owned subsidiary - The Switch India
ISRO chairman K Sivan said the proposed soft-landing was going to be a 'terrifying' moment.
'We have been telling the government that we need handholding.' So, we sent a series of recommendations to the government, but nothing happened.' 'And the condition of industry became worse.'
Dhruvraj Bhartia along-with Jyotirmoy Chatterji, co-founder of Project Chirag, singlehandedly set up 165 solar lamp units in the four villages
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.
Rs 5,000 crore additional liquidity facility to be provided by the National Housing Bank to boost liquidity in housing sector, the RBI said.
British energy giant BP Plc plans to tap rural India with cheap and clean fuel sources besides expanding its solar power business and cooperating in exploration, refining and marketing of fuels.
Biden and Modi committed that the US and India will work closely together to win the fight against the COVID-19 pandemic, renew their partnership on climate change, rebuild the global economy in a way that benefits the people of both countries, and stand together against the scourge of global terrorism, the White House said in a readout of the call.
The statement came a day after cricket legends Ian and Greg Chappell and few other prominent Australians urged Adani Group chairman Gautam Adani to abandon the mine project
Ashish Narsale/Rediff.com brings you amazing gadgets and mobile devices from CES 2022.
