NEWS

CMA CGM to invest $1.6 bn in energy transition fund

CMA CGM to invest $1.6 bn in energy transition fund

26 Feb 2024

Shipping giant CMA CGM has proposed to invest $1.6 billion (Euro 1.5 billion) over five years to create an energy fund to support its planned transition to a zero emission company.

Centre amends Electricity Rules to empower consumer

Centre amends Electricity Rules to empower consumer

26 Feb 2024

The centre has brought about changes in the rules regarding distribution and consumption of electricity by amendments to the Electricity (Rights of Consumers) Rules, 2020, in a bid to empower consumers.

NTPC Renewable Energy, SJVN add 120 MW to India’s renewable power capacity

NTPC Renewable Energy, SJVN add 120 MW to India’s renewable power capacity

26 Feb 2024

Central public sector undertakings NTPC Renewable Energy Ltd and SJVN Limited on Friday announced the commissioning of two renewable power projects with a total generating capacity of 120 MW

PGIMER develops new model to generate neurovascular tissues

PGIMER develops new model to generate neurovascular tissues

23 Feb 2024

Post Graduate Institute of Medical Education and Research (PGIMER), Chandigarh has developed a new model for generating neurovascular tissues or neurovascular organoids/embryoids (NVOEs) from autologous blood that would help in the development of new therapies.

MeitY ropes in Microsoft, iCreate to bolster India’s AI start-up ecosystem

MeitY ropes in Microsoft, iCreate to bolster India’s AI start-up ecosystem

23 Feb 2024

Microsoft and iCreate on Wednesday announced the launch of the iCreate-Microsoft programme for Emerging Leaders in Artificial Intelligence (iMPEL-AI), a joint initiative with the ministry of electronics and information technology (MeitY), to help India’s AI innovators create marketable solutions to emerging needs.

PFRDA notifies amendments to National Pension System Trust and Pension Fund regulations

PFRDA notifies amendments to National Pension System Trust and Pension Fund regulations

22 Feb 2024

The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations governing the National Pension System Trust and the Pension Funds

SJVN’s 1,500 MW solar-wind hybrid project gets tariff bid as low as Rs3.43/kWh

SJVN’s 1,500 MW solar-wind hybrid project gets tariff bid as low as Rs3.43/kWh

22 Feb 2024

State-owned SJVN Ltd’s 1,500 MW solar-wind hybrid power project received bids as low as Rs3.43 per kWh as the reverse auction concluded on Tuesday.

NTPC Green Energy to set up green hydrogen hub near Vizag

NTPC Green Energy to set up green hydrogen hub near Vizag

22 Feb 2024

NTPC Green Energy Ltd (NGEL) on Tuesday signed a land lease agreement with Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for setting up an intergrated facility for the production of green hydrogen.

Japan commits $1.548 bn in ODA loan for nine Indian projects

Japan commits $1.548 bn in ODA loan for nine Indian projects

21 Feb 2024

The Japanese government has extended 232.21 billion ($1.548 billion) in long-term loans to India, under its Official Development Assistance programme, for nine projects in various sectors.

China’s COMAC challenges Boeing, Airbus with its C919 passenger aircraft

China’s COMAC challenges Boeing, Airbus with its C919 passenger aircraft

21 Feb 2024

Commercial Aircraft Corporation of China (COMAC) is actively participating in the ongoing Singapore Airshow 2024, with its C919 passenger aircraft and the smaller ARJ21 regional jets

Akasa Air to start international operations by March-end

Akasa Air to start international operations by March-end

20 Feb 2024

Akasa Air, has announced plans to start flight services to overseas destinations by the end of March 2024, to become the first Indian airline to start international services within 19 months of commencing operations.

Novartis announces strategic review of its India business

Novartis announces strategic review of its India business

19 Feb 2024

Swiss pharma multinational Novartis AG has started a strategic review of its Indian arm, possibly with the intent of selling it off.