Today India has leapfrogged onto the digital transformation journey with intense smartphone penetration across both its urban and the rural landscape. The near negligible cost of the internet has further accelerated digital adoption resulting in 504 million active internet users in the country. On top of this, digital growth engine is a smoothened commerce ecosystem […]
Day: June 11, 2021
EV tech startup Cell Propulsion raises USD 2 mn from existing investors
Bengaluru-based mobility and EV technology startup, Cell Propulsion has raised USD 2 million (over Rs 14 crore) from existing investors, the company said on Thursday. The fresh capital has been raised to expand operations, cater to the growing demand for its solutions as well as successfully execute the company’s ‘go-to-market strategy,’ besides development of the […]
India’s wind power sector wants rival solar to help drive growth
India’s struggling wind power industry is looking to its clean energy rival for help emerging from a pandemic-induced slump. About half of the 20 gigawatts of wind power the nation is expected to add through 2025 will come in the form of hybrid projects that combine turbines with solar panels, according to a new report […]
Retiring old coal plants can help Maharashtra save Rs 16,000 cr in five years: Report
Maharashtra can save up to Rs 16,000 crore in the next five years by shutting down old coal-fired power plants, along with other measures, an environmental advocacy group said on Thursday. The savings can go up to Rs 75,000 crore over a decade if the state follows a set of recommendations, the report by Climate […]
Delhi records highest power demand of season so far, crosses last year’s peak
Delhi touched its peak power demand for the season so far on Thursday, crossing last year’s peak. The demand on Thursday was recorded as 6,499 MW. Last year’s peak demand was 6,314 MW on June 29. According to discom officials, while the power demand soared to 6,329 MW at 11.18 pm on Wednesday, it touched […]
Leading Chinese solar equipment vendor attacks peers from mainland for collusion and price hikes
In a rare instance, a leading Chinese solar panel component producer has accused fellow Chinese manufacturers of colluding together to restrict supply and artificially increase prices of solar components during the ongoing commodity supercycle. Such cartelisation has a direct bearing on Indian solar power generating companies as they are still overwhelmingly reliant on Chinese supplies.
After decades, Morni villages get a bridge over River Ghaggar
After a wait of more than 70 years, the bridge over River Ghaggar is ready. The bridge, or the lack of one, was the highlight of an intense campaign by The Indian Express, which had highlighted how residents of at least 59 villages of Morni risked their lives daily, balancing their way over a four-inch-wide […]
IKEA to help suppliers in India, 2 other markets transit to 100% renewable power
Swedish home furnishing retailing major IKEA on Thursday said it will launch a programme in India, Poland and China this year, helping suppliers there transit to 100 per cent renewable electricity. Under this initiative, the company would invest and support nearly 1,600 direct suppliers, IKEA said in a statement. IKEA is striving for 100 per […]
China to end subsidies for new solar, onshore wind projects in 2021
China will no longer give subsidies for new solar power stations, distributed solar projects by commercial users, or onshore wind projects from the central government budget in 2021, the state economic planner said on Friday. The new rule, effective from Aug. 1, follows a drastic fall in manufacturing costs for solar and wind devices amid […]
NHAI debars 2 contractors after lapses
The National Highways Authority of India (NHAI) has debarred two of its major contractors after lapses were found in the quality of construction in existing and ongoing projects. On Thursday, it declared Gayatri Projects a “non-performer” after it found defects in the ongoing construction of the four-laning of Sultanpur to Varanasi in UP. On Wednesday, […]
No change in petrol, diesel prices on Thursday
Oil marketing companies (OMC) hit the pause button on Thursday and kept petrol and diesel prices unchanged. Petrol is selling at Rs 95.56 per litre while diesel at Rs 86.47 per litre in Delhi. In Mumbai, petrol costs Rs 101.76 and diesel retails at Rs 93.85.
Indian government offers 32 areas in latest small oil, gas field auction
The government will auction unmonetised large oil NSE 1.81 % and gas fields of state-owned ONGC and OIL to boost the country’s hydrocarbon production, Petroleum Minister Dharmendra Pradhan said on Thursday. Speaking on the launch of the third round of auction of small discovered fields, he said companies cannot indefinitely sit on resources they may […]