The association between ONDC and SIDBI will establish a programmatic approach for MSMEs where sessions will be held first to educate them about ONDC. MUMBAI: ONDC has signed a Memorandum of Understanding (MoU) with SIDBI for coordination of functions of institutions engaged in similar activities. The partnership is aimed to change the landscape of MSMEs… Continue reading SIDBI, ONDC ink MoU to accelerate e-commerce for small industries
Author: Economic Times of India Online News
ScottishPower gears up to build green hydrogen plant at Felixstowe Port
ScottishPower is making concerted efforts to construct a green hydrogen plant at Felixstowe Port to provide a thrust to decarbonisation of the industry and other sectors in the eastern region. The space for the hydrogen plant will be provided to ScottishPower by Felixstowe Port. The effort is in sync with Britain‘s plan to decarbonise and… Continue reading ScottishPower gears up to build green hydrogen plant at Felixstowe Port
Continental Q2 FY22 net loss at EUR 251 mn; Forecasts EUR 40 bn total sales in FY 22
New Delhi: German automotive & auto parts manufacturer, Continental on Tuesday reported a net loss of EUR 251 million in the second quarter of 2022 (Q2 2021: EUR 545 million) for continuing and discontinued operations. However, the consolidated sales of EUR 9.4 billion in Q2 FY 22 (Q2 2021: EUR 8.4 billion), up 13.0%. Meanwhile,… Continue reading Continental Q2 FY22 net loss at EUR 251 mn; Forecasts EUR 40 bn total sales in FY 22
PM Modi to dedicate to nation 2G ethanol plant in Panipat on Wednesday
PM Narendra Modi New Delhi: Prime Minister Narendra Modi will dedicate to the nation on Wednesday via video conferencing a second generation (2G) ethanol plant built at an estimated cost of Rs 900 crore in Haryana’s Panipat, his office said. The dedication of the plant is part of a long series of steps taken by… Continue reading PM Modi to dedicate to nation 2G ethanol plant in Panipat on Wednesday
USW chief vows to organize clean energy, electric car and retail workers
LAS VEGAS – The head of the United Steelworkers union on Monday vowed to pursue employees in clean energy, electric cars and retail industries as it seeks to adapt to a changing economy and rebuild membership in old-line industries.Thomas Conway, the leader of the USW, told an audience of about 3,500 union members and retirees… Continue reading USW chief vows to organize clean energy, electric car and retail workers
U.S. climate deal has money for EVs, clean energy and even Big Oil
After years of failed attempts to pass major legislation to combat climate change, the U.S. Senate’s Inflation Reduction Act is poised to become largest U.S. climate legislation in history. The bill would divert nearly $370 billion to climate and energy security measures, aimed at slashing greenhouse gas emissions around 40% by 2030 and curbing consumer… Continue reading U.S. climate deal has money for EVs, clean energy and even Big Oil
Lok Sabha passes bill to promote non-fossil fuels
A bill seeking to mandate the use of non-fossil energy sources such as biomass, ethanol and green hydrogen was passed by the Lok Sabha on Monday. Piloting the Energy Conservation (Amendment) Bill, 2022, Power Minister R K Singh said “this is the bill for the future,” and urged the members to approve it. The bill… Continue reading Lok Sabha passes bill to promote non-fossil fuels
Australian minister Don Farrell to visit India in Sept for Trade Pact talks
Australian minister for trade and tourism Don Farrell is likely to visit India next month to begin talks on a bilateral comprehensive trade agreement with Canberra. The interim trade deal that the two sides signed earlier this year is also expected to be ratified soon. India and Australia signed the Economic Cooperation and Trade Agreement… Continue reading Australian minister Don Farrell to visit India in Sept for Trade Pact talks
Reliance builds technology & innovation portfolio for Green Energy foray through partnerships, acquisitions, R&D
In his letter to shareholders, Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said “we entered into a series of partnerships, including equity investments, with local and international corporates with unique technological and execution capabilities, with a strong track record of innovation and a growing number of patents and IPRs across the Green Energy value… Continue reading Reliance builds technology & innovation portfolio for Green Energy foray through partnerships, acquisitions, R&D
Explained: Why India’s repo rate is now 25 basis points above the pre-pandemic level
NEW DELHI: The Reserve Bank of India on Friday raised the key policy rates by 50 basis points (bps), bringing the repo rate to 5.40%, 25 bps above the pre-pandemic level of 5.15% in February 2020. The repo rate is now up from a 20-year low of 4% to 5.40% all in a matter of… Continue reading Explained: Why India’s repo rate is now 25 basis points above the pre-pandemic level