Industry - general

NTPC Green Energy signs MoUs with GSPC, GPPL for green hydrogen initiatives

13 Jan 2024

NTPC Green Energy Ltd (NGEL) has signed memoranda of understanding (MoUs) with Gujarat State Petroleum Corporation Ltd (GSPC) and Gujarat Pipavav Port Ltd (GPPL)

COSCO halts shipments to Israel amid Red Sea disruptions

08 Jan 2024

In a recent development, Chinese shipping giant COSCO has decided to suspend its crucial shipping services to Israel, according to a report by the Israel financial news website, Globes, on Sunday, 7 January 2024.

Freight rates soar as shipping companies skip Red Sea lanes

07 Jan 2024

Shipping rates between Asia and the West have soared on reduced freight capacity as shipping companies change route amidst rising attacks on merchant ships in the Red Sea region.

Isro successfully tests Si-Gr, hydrogen fuel cell batteries on-flight

07 Jan 2024

The Indian Space Research Organisation (Isro) on Monday (1 January 2024) simultaneously tested a high density graphite-silicon cell and a hydrogen fuel cell based power system on board PSL-C58 flight

Isro inserts Aditya-L1 into its halo orbit destination

07 Jan 2024

Indian Space Research Organisation (Isro) today announced the successful insertion of its dedicated solar observation spacecraft, Aditya-L1, into its final destination,

TPEM launches its first Pure EV product, Punch.ev

06 Jan 2024

Tata Passenger Electric Mobility (TPEM), the EV arm of Tata Motors, on Friday launched Punch.ev, its first offering under the advanced `Pure EV’ architecture – acti.ev (active)

Grasim to issue rights shares at Rs1,812 each to raise Rs4,000 cr

05 Jan 2024

Grasim Industries Limited, the flagship company of the Aditya Birla Group, has come out with a rights issue to raise about Rs4,000 crore.

Isro to launch ESA’s solar probe mission Proba-3

05 Jan 2024

European Space Agency (ESA) has selected Indian Space Research Organisation’s Polar Satellite Launch Vehicle (PSLV) to deploy its experimental Project for On-Board Autonomy-3 (PROBA-3) mission.

Isro to launch GSAT-20 satellite aboard SpaceX’s Falcon 9 rocket.

05 Jan 2024

NewSpace India Ltd (NSIL), the commercial arm of the Indian Space Research Organisation (Isro), has signed a contract with SpaceX, the space exploration venture of billionaire Elon Musk, for the launch of Isro’s communication satellite GSAT-20.

Brazil's Petrobras brings a third floating platform into production

02 Jan 2024

Brazil’s state-owned oil and gas giant Petrobras on Sunday announced the start of commercial production from the giant Sepetiba floating production, storage, and offloading (FPSO) vessel at its Mero oil field in the pre-salt area of the Santos Basin offshore.

Japanese auto giants to invest $4.34 billion in Thailand's electric vehicle transition

26 Dec 2023

In a significant development for Thailand’s automotive landscape, major Japanese auto manufacturers are set to inject a substantial sum of 150 billion baht into the country over the next five years.

OMCs cut commercial LPG prices by Rs39.50 per cylinder

22 Dec 2023

State-run oil marketing companies (OMCs) on Friday announced a Rs39.50 reduction in the price of commercial cooking gas (LPG) that is sold in 19-kg cylinders, reflecting a fall in international prices.

ISRO: Triumphs and milestones of 2023

22 Dec 2023

In 2023, the Indian Space Research Organization (ISRO) will have achieved remarkable milestones, solidifying its position in the field of space exploration. Notably, the successful launch of Chandrayaan-3 marked a pivotal moment, showcasing India’s prowess in lunar missions.

India’s installed power capacity to reach 900.42 GW by FY32

16 Dec 2023

The Central Electricity Authority (CEA) has projected addition of a total 517,403 Mega Watts (517.40 GW) installed power generating capacity in India, which will take the country’s installed capacity to a total 900.42 GW by 2031-2032.

ITC consumer goods revenues up 14% in FY23

14 Dec 2023

Home-grown consumer goods major ITC Ltd reported a 14 per cent increase in revenues from its packaged consumer goods business in the financial year 2022-23, with income from the cigarettes business also growing.

Omidyar Network announces its exit from the Indian market after a decade of operations

12 Dec 2023

In a significant development, impact investment firm Omidyar Network India, operating with a unique dual-chequebook investment model, is set to exit the Indian market after a decade of operations.

Apple looks to India, Japan and South Korea for iPhone, iPad components

08 Dec 2023

Apple is reportedly seeking suppliers from India, Japan, and South Korea who can deliver vital components to its contract manufacturers in India as imports from China face government restrictions in India.

Welcome, Google Gemini! A potent competitor to ChatGPT-4

07 Dec 2023

Google has introduced its cutting-edge AI model, Gemini, marking a formidable entry into the competitive landscape of artificial intelligence.

Nvidia collaborates with the U.S. government to ensure compliance in the Chinese market

06 Dec 2023

In a recent announcement, Nvidia’s CEO, Jensen Huang, revealed the company’s close collaboration with the U.S. government to ensure that its new chips for the Chinese market adhere to export restrictions.

eBay launches a 'seller guide' to boost Indian exporters in international e-commerce

06 Dec 2023

In a strategic move to enhance cross-border e-commerce opportunities for Indian sellers, eBay, the global commercial giant, has introduced its inaugural ‘Seller Guide.’

Walmart reduces import dependence on China and shifts focus to India

30 Nov 2023

Walmart, the world's largest retailer, has significantly increased its imports from India while decreasing its reliance on China.

The U.S. Appeals Court grants a favorable ruling to chemical manufacturers in the PFAS lawsuit

28 Nov 2023

The U.S. 6th Circuit Court of Appeals, based in Cincinnati, Ohio, delivered a favorable ruling on Monday, November 27, 2023, for 3M, E.I. du Pont de Nemours and Co.,

Strike breaks out as Gucci workers in Rome protest against relocation of creative office

28 Nov 2023

Gucci fashion house in Rome, Italy, saw an unprecedented strike by their employees on Monday, 27 November 2023. This strike was a result of the fashion giant’s decision to move its design house from Rome to Milan, Italy.

Western drugmakers pivot to India as tensions with China prompt supply chain shifts

27 Nov 2023

In a strategic move to reduce dependence on Chinese contractors in drug production, global pharmaceutical companies are turning to Indian manufacturers.

Western drugmakers pivot to India as tensions with China prompt supply chain shifts

27 Nov 2023

In a strategic move to reduce dependence on Chinese contractors in drug production, global pharmaceutical companies are turning to Indian manufacturers.