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New Delhi: Union minister Jitendra Singh on Wednesday highlighted the pressing need for advancements in battery storage and recycling technology due to rising demand for electric vehicles (EVs). In a written reply to a question in the Lok Sabha, the minister emphasized the critical role played by energy storage systems, primarily batteries, in powering electric vehicles.

New Delhi: The Rajya Sabha on Wednesday passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2023 that encourages the private sector in the exploration of mineral, including lithium. The Bill was passed by the Lok Sabha on 28 July. With the clearance by the upper house, the legislative exercise in Parliament is complete and the Bill will become a law after the President’s consent.

Elon Musk's social media platform X is aiming to challenge a verdict by an Indian court, which stated that the platform failed to comply with government directives to take down certain content, reported Reuters. The company asserts that this ruling might empower New Delhi to block additional content and expand the possibilities of censorship. X, previously recognized as Twitter, attempted to reverse official mandates in July 2022, requiring the deletion of specific material from its platform.

New Delhi: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, on Wednesday signed two power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for commissioning two solar power projects.

New Delhi: Power transmission developer Sterlite Power on Wednesday said it has successfully acquired Fatehgarh III Beawar Transmission Limited, a special purpose vehicle (SPV) from PFC Consulting Limited (PFCCL). PFCCL is a wholly owned subsidiary of Power Finance Corporation Limited (PFC), a maharatna company.

New Delhi: The central government has banned the manufacture, sale, and distribution of two veterinary drugs, Ketoprofen and Aceclofenac, citing risks to animal health and potential ecological damage, as per an official gazette notification issued on 1 August . Mint had reported in July that the union health ministry was considering banning the drugs as they are believed to be harmful for animals.

New Delhi: The rise of connected television sets in India is all set to make advertising more targeted with new and small brands being able to address just the audience they wish to said Brett Poole, chief executive officer, APAC (Asia Pacific region) and AUNZ (Australia, New Zealand) at Finecast, a GroupM-owned addressable TV company that helps advertisers personalize and target ads on linear and on-demand TV. “We’re seeing huge growth in CTV in India, from 25 million last year, to 32 million this year and estimated to reach 40-45 million by 2025.

BYD faces an ongoing Indian investigation over allegations that it paid too little tax on imported parts for cars it assembles and sells in the country, two sources with direct knowledge of the matter said. India's Directorate of Revenue Intelligence (DRI) has alleged that China's largest electric vehicle (EV) maker, whose expansion plans have been hit by fractious relations between New Delhi and Beijing, underpaid tax of 730 million rupees ($9 million), one of the sources said. Although BYD has deposited this sum after the DRI's preliminary findings, the source added, the investigation is ongoing and could lead to additional tax charges and penalties.

non-basmati rice variety favoured by overseas Indians, which are struggling to secure staple after New Delhi banned the exports, a leading trade body requested the government. The world's biggest exporter of rice surprised buyers last month by imposing a ban on exports of non-basmati white rice after retail rice prices climbed 3% in a month after late but heavy monsoon rains caused significant damage to crops.

New Delhi: India now has the second largest 5G network in the world, on the back of the fastest 5G rollout with 300,000 sites set up in 10 months, the government said Tuesday. In a Koo post on Tuesday, telecom minister Ashwini Vaishnaw said, “The world’s fastest 5G rollout continues, over 3 lakh sites installed in 714 districts.

New Delhi: Telecom and IT minister Ashwini Vaishnaw will introduce the digital personal data protection bill in Lok Sabha on Thursday, the government said in a notification. "Shri Ashwini Vaishnaw to move for leave to introduce a Bill to provide for the processing of digital personal data in a manner that recognises both the right of individuals to protect their personal data and the need to process such personal data for lawful purposes and for matters connected therewith or incidental thereto. Also to introduce the bill," the notification said.

New Delhi: The standing committee on communications and IT has said in its report on citizens data security and privacy, tabled in Parliament on Tuesday, that the digital personal data protection (DPDP) bill should be the main legislation for data handling and privacy and should be enacted into a law at the earliest to safeguard citizens' data and their privacy. “The Committee, in no uncertain words stress the urgent necessity for the early enactment of a robust and all-encompassing legislation that effectively safeguards citizens' data and privacy," it said.

Debashree Dutta of Shardul Amarchand Mangaldas & Co (SAM & Co) and Roopali Singh of AZB & Partners are joining law firm Vritti Law Partners for its Mumbai and New Delhi office respectively as co-founders of the firm. Founded by Shameek Chaudhuri and Arvind Ramesh in Mumbai at the beginning of the year, Vritti Law Partners will have its New Delhi office that will be headed by Roopali Singh. An alumnus of the ILS Law College Pune and the University of Oxford, Dutta started her career with ICICI Bank as a manager legal in the year 2007. Subsequently, she moved to the law firm AZB & Partners in 2011 and later joined SAM & Co as Partner for Banking, Finance and Project Finance practice. “This opportunity of collaborating with driven colleagues to build a nimble, transparent and client-centric firm from the ground up is both invigorating and empowering,” said Dutta. “Together, we embark on an exciting entrepreneurial journey, leaving behind the safety net of a large law firm, to explore new horizons and create a dynamic practice that aligns with our shared vision.” An alumnus of the Faculty of Law from the University of Delhi, Singh started her career with Dua Associates in 2004. In 2013 she joined AZB & Partners, where she rose to become Senior Partner in the firm’s litigation and dispute resolution practice.

NEW DELHI : The Enforcement Directorate (ED), the federal agency responsible for investigating money laundering and other financial irregularities, on Tuesday conducted searches at the premises of two-wheeler maker Hero MotoCorp Ltd and the residence of executive chairman Pawan Munjal, two people familiar with the development said. The company said it was cooperating with the agency. “Officials from the Enforcement Directorate today visited two of our offices in Delhi and Gurugram and the residence of our executive chairman Dr Pawan Munjal.

NEW DELHI : The government is considering a proposal to allow existing advanced chemistry cell (ACC) battery storage projects to apply for unutilized capacity under the production-linked incentive (PLI) scheme for the sector, two people aware of the matter said. At a 24 July meeting, some industry executives proposed allowing brownfield projects to apply for the capacity not allotted to greenfield projects, according to the people cited above. Currently, only greenfield projects are eligible for the scheme.

NEW DELHI : Milk prices in India have surged 22% in three years, including 10% in the past year. According to Parshottam Rupala, Union minister for fisheries, animal husbandry, and dairying, prices of green fodder are declining, and milk prices are expected to stabilize after monsoon as fodder turns plentiful. In an interview, Rupala said while extreme weather conditions can damage crops, there is currently no alarming feed shortage, and in the unlikely situation of a shortage, states have reserves to fill the supply gap.

New Delhi: The Rajya Sabha on Tuesday passed the Mediation Bill 2021 and Multi State Cooperative Society Bill, which are aimed at institutionalising and promoting the process of mediation and strengthening co-operative societies. Both bills were passed with voice vote amid a walk out by opposition members, demanding a discussion on the violence in Manipur. The Mediation Bill, 2021 halves the maximum time for completing mediation proceedings to 180 days.

Mint has learnt. This would enable New Delhi to pitch its ‘India Stack’— digital solutions implemented at population-scale to deliver social benefits—to the developing world. New Delhi hopes that this in turn will make Indian platforms the benchmark for the global development of DPIs and cement its place as a key technology-partner amid a worldwide move toward digitalization.

Recently, Prime Minister Narendra Modi said that India will be among the top three economies in the world during his third term, presuming the Bharatiya Janata Party wins next year’s Lok Sabha elections. “On the basis of [our] track record, in the third term of our government, India will become the world’s third-largest economy. This is Modi’s guarantee," the Prime Minister said while speaking at an event in New Delhi.

NEW DELHI : Manufacturing activity in July dipped slightly as compared to the previous month while maintaining a strong growth momentum driven by a sharp uptick in new export orders, a private survey on Tuesday said. S&P Global said that India’s purchasing managers’ index (PMI) for manufacturing fell to 57.7 in July, down from 57.8 in June, and 58.7 in May. A figure of 50 separates expansion from contraction.

NEW DELHI : Cargos and containers full of rice are lying at Indian ports, unshipped after the government announced export restrictions with immediate effect last month. Though most cargos had obtained customs clearance before the directorate general of foreign trade put out the notification banning white rice exports on the evening of 20 July, as much as 200,000 tonnes of the grain are still lying at ports, including 5,000 tonnes at Syama Prasad Mookerjee Port in Kolkata.