State-owned Solar Energy Corporation of India Ltd (SECI) traded more than 35 billion units (BU) of renewable energy power, a jump of over 59%, and earned a record revenue of Rs 10,000 crore in financial year 2022-23. “India is witnessing an energy transition towards sustainable sources at an unprecedented pace and SECI is striving hard […]
Category: The Financial Express
The Financial Express
Air India modernises digital systems, makes $200-mn initial investment
Airline major Air India on Monday said that it has modernised some of its digital systems and is in the process of deploying cutting-edge innovations such as ChatGPT-driven chatbot at an initial investment of $200 million. According to the airline, major progress has been achieved in its efforts to modernise its digital systems, “with many […]
Boeing shocker for Air India, Akasa
Aircraft delivery schedules of Air India and Akasa Air are likely to face turbulence, upsetting their market expansion plans as US manufacturer Boeing on Monday said that deliveries may be delayed following production-related issues with its best-seller passenger jet 737 Max.
PM Modi to inaugurate Kochi Water Metro in coming week! Here’s how you can have the privilege of sailing in this one
Prime Minister Narendra Modi is set to dedicate the Kochi Water Metro service to the nation next week. The inaugural event will take place on April 25, 2023 at Thiruvananthapuram. This new project will boost the economic growth as well as tourism in the Kochi region. The Kochi Water Metro has been built at a […]
‘Landmark initiative’: PM Modi lauds Assam govt plan for making Kashi Vishwanath-like corridor at Kamakhya – Here’s all about it
The BJP-led government in Assam is set to construct a new corridor at the Kamakhya Temple in Guwahati, inspired by the Kashi-Vishwanath Temple Corridor in Varanasi. Assam’s Chief Minister, Himanta Biswa Sarma, recently shared a video on Twitter previewing the renovated Maa Kamakhya corridor. A report by HT quoted a senior government official as saying, […]
NHAI to develop 10,000 km of ‘Digital Highways’ in India by 2025 – Here’s how it is significant
The National Highways Authority of India (NHAI) is working towards developing around 10,000 kilometres of Optic Fibre Cables (OFC) infrastructure across the country by 2024-25, according to an official statement. This move is aimed at providing internet connectivity to remote locations and expediting the roll-out of new-age telecom technologies like 5G & 6G.
Aviation Minister says 25 Indian airports presently use 100% green energy; target to make 121 airports carbon neutral by 2025
Union Civil Aviation Minister Jyotiraditya Scindia announced at the ‘European Union-India Aviation Summit’ on Thursday that 25 Indian airports are currently using 100% green energy. The minister further stated that by 2025, another 121 airports will also achieve the target of zero carbon emissions. The Indian government is encouraging airports to use green energy by […]
Flights diverged due to strong gusts; no let up in heatwave conditions
NEW DELHI: Strong winds barrelled through Delhi in the morning and a brief spell of light rain in a few areas provided a little relief to residents from the heat in the national capital region on Wednesday. Five flights were diverted from Delhi to Jaipur between 3 am and 5:30 pm due to strong winds, […]
Corporate funding in global solar sector grows 11 per cent to $8.4 billion in Jan-Mar: Mercom report
Corporate funding in the global solar sector increased 11 per cent year-on-year (y-o-y) to USD 8.4 billion in January-March period of 2023, according to a Mercom Capital report. Corporate funding includes venture capital, debt and public market financing. “The investments in the solar sector bucked the trend in Q1 despite tough economic conditions. The Inflation […]
Jalan-Kalrock had 180 days to pay creditors and employees: Jet’s fate undecided as NCLT deadline nears
The NCLT-defined deadline of 180 days for the Jalan-Kalrock Consortium (JKC) to pay the creditors and employees of the erstwhile Jet Airways will get exhausted in less than four weeks even as the issue of ownership transfer of the airline lingers on. JKC has to pay Rs 185 crore to the lenders of the grounded […]
CERC allows Tata Power to run Mundra plant on full cost pass throug
The Central Electricity Regulatory Commission (CERC) has clarified that Tata Power can supply power from its Mundra ultra mega power plant (UMPP) at full cost pass through as per Section 11 of the Electricity Act, 2003.
Tatas approach CCI to merge Vistara with AI
To streamline operations whilst building a formidable airline company, Tata Sons has approached the Competition Commission of India (CCI) to merge its joint venture carrier Vistara with Air India. The move is a part of the conglomerate’s strategy to have two airlines — merging Vistara and Air India to form a full-service carrier and a […]