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ITC Limited, India’s leading multi-business conglomerates, has commissioned its second offsite solar plant in Karnataka with a capacity of 9.45 MW in the Davangere district. The facility is ITC’s 4th offsite solar plant in the country, with similar units earlier built in Tamil Nadu, Uttar Pradesh and Karnataka. The company had set itself the target to meet 100% of electricity requirements from renewable sources by 2030 as a part of its ambitious Sustainability 2.0 Vision. In FY 2023-24, over 50% of ITC’s total energy requirements were already met from renewable sources such as solar, wind and biomass. Total Energy includes electrical energy as well as thermal energy.

net zero by 2070 is driven by its unwavering commitment to mitigate climate change, reduce carbon emissions and sustainable development. For a growing economy with a population of over 1.4 billion that is heavily dependent on fossil fuel, achieving this target seems like a formidable task for the country. However, in the past few years, India’s journey to become a global leader in clean energy has been marked by remarkable technological evolution and initiatives. By investing in renewable energy sources, and enhancing energy efficiency, the country has surpassed several developed countries to establish itself as the third largest producer of renewable energy, with 40% of its installed electricity generated from non-fossil fuel sources in 2021 itself. Some of the innovative technologies paving India’s journey towards clean energy transition are: Solar and Wind Power Nine years after the Paris Climate Agreement (COP 21) 2015, India has made significant progress in strengthening its solar and wind power capacity as a means to transition to a clean and sustainable energy future. Based on the report by the Central Energy Authority (CEA), the contribution of solar and wind to India’s energy mix has increased to 26 per cent in March 2023 from 9 per cent recorded at the end of 2011-12.

Donald Trump speaks at a fourth-grade level but without him I might never have looked up the word “stochastic.” I began noticing the word in academic circles as Trump made his first run for president in 2016. Stochastic is an adjective, derived from Greek, meaning randomly determined. In social science, it suggests a random probability distribution that may be statistically meaningful without being precisely predictable. Back then, political scientists weren’t using “stochastic” to describe Trump’s meandering speech patterns, which have only become more disjointed and fantastical. They were talking about the violence that he generates, randomly yet also certainly. Violence and Trump are inextricable. After Trump and MAGA propagandist Elon Musk spewed lies about the Federal Emergency Management Agency in the wake of Hurricane Helene, threats and harassment prompted FEMA temporarily to withdraw field teams in North Carolina while the agency assessed the danger to its personnel. A man possessing a handgun and rifle was arrested outside a grocery store that was being used as a relief site. He was charged with a misdemeanor — going armed to the terror of the public. “We know that significant misinformation online contributes to threats against response workers on the ground,” North Carolina Governor Roy Cooper said in a statement.

Multiples has picked senior Deutsche Bank executive Rahul Chawla as managing director of credit strategy, according to a release on its website. Chawla was the APAC head of financing for the financial sponsors segment for Deutsche Bank in his previous role. Multiples is an asset manager that focuses on equity investments but with this development will be entering the credit investing space.

onion prices before Diwali, the government has decided to flood markets across the country with onions disposing from its buffer stocks. For the first time it will transport the kitchen essential by railway rakes to major consumption centers and states. It will also sell onions via ecommerce platforms such as Zepto, private retail stores such as Reliance Retail and Safal. The government will also be selling onions in the retail market through Kendriya Bhandars and mobile vans. Onion prices ruled close to Rs 100 per kg in retail across major several large consumption centres compelling the government to offload from its own stocks in the retail market at subsidized price of Rs 35 per kilo starting last month.

Sino-India relations following the opening of another Taiwan de facto consulate in Mumbai. China opposes moves by any countries it has ties with to engage in official contacts with Taiwan, said Mao Ning, a foreign ministry spokesperson, at a regular news conference. The Taiwanese government opened its third representative office in India on Wednesday, Taiwan's official Central News Agency reported, adding to existing offices in New Delhi and Chennai.

imported inflation reached a 13-month high in September 2024, growing by 2 per cent, according to a report by the State Bank of India (SBI). The report highlighted that imported inflation is increasingly contributing to the country's overall inflation, as rising prices of gold, oils and fats, and chemical products drive the increase. Imported inflation is the increase in the price of goods and services in a country due to higher costs of imported products.

logistics sector is poised for a significant transformation and evolving supply chains are expected to drive a projected demand for around 1.2 billion sq ft of warehouse space by 2027 spanning across Grade A, B, and C facilities in cities across the country, showed a JLL India and Miebach Consulting, India study. This growth is not only about quantity but also quality, with a significant shift towards Grade A warehousing, where stock is expected to rise from 290 million sq ft in 2023 to 400 million sq ft by 2027. E-commerce, Third-Party Logistics (3PL), and omni-channel retail are emerging as the primary drivers of this warehousing boom, particularly for high-quality Grade A spaces. However, the landscape of growth is changing. While major cities have traditionally dominated the warehousing sector, tier II and III cities are now emerging as the next frontier. The study reveals a striking 41% increase in warehouse space absorption in Tier II plus markets from 2022 to 2023,

China has announced it will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), seeking to reverse a slump in the property industry

After entering office last year, far-right President Milei swiftly imposed his fiscal shock therapy, slashing federal budget transfers to provinces

The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is expected to cut borrowing costs once again on Thursday after figures showed inflation across the bloc falling to its lowest level in more than thre...

Subscribe to enjoy similar stories. Retail inflation estimates for September 2024 released earlier this week based on the Consumer Price Index (CPI) have confirmed fears of an upswing driven by food prices. Rural retail inflation is at 5.9% and the urban figure at 5%, with overall inflation at 5.5% on a year-on-year basis.

Subscribe to enjoy similar stories. TOKYO—Japan’s exports dropped for the first time in 10 months in September, with weak shipments to its major trading partners casting some doubt over the nation’s economic recovery path. Exports fell 1.7% in September from a year earlier, dropping for the first time since November 2023, Ministry of Finance data showed Thursday.

Subscribe to enjoy similar stories. Growing up, I believed ‘Cadbury’ was just another word for chocolate, and I wasn’t the only one. Milk chocolate was first imported into India by the British and it’s now a daily habit for one in five Indians, according to a 2019 report by Mintel.

Subscribe to enjoy similar stories. Modern protectionists are desperate to find historical examples of tariffs promoting industrialization and economic growth. To this end, they increasingly argue that 19th-century America’s extraordinary economic success was fueled by high tariffs.

A nationwide recall of meat and poultry products potentially contaminated with listeria bacteria has expanded to nearly 12 million pounds

«Over-the-top (OTT) communication services have benefited consumers and businesses, but certain regulatory issues have been raised by law enforcement agencies and traditional communications providers, and [so they] should be subject to structured regulations,» Telecom Regulatory Authority of India (Trai) chairman Anil Kumar Lahoti said Wednesday. Speaking on day two of the India Mobile Congress (IMC) 2024 here, he added that regulators globally need to maintain a balance between fostering innovation and ensuring a fair and competitive market, given the cross-border nature of OTT services.

Leaders and top officials from an international group founded to counter Western alliances have met in Pakistan’s capital, with Moscow and Beijing announcing they will boost cooperation

To support more innovative ideas from cities around the world, Michael R

Italy’s far-right government has approved a budget for next year of about 30 billion euros, or $33 billion, which officials say will be partly funded by a levy on Italian banks and insurers

Subscribe to enjoy similar stories. Situated on the outskirts of Chennai, M.A. Velayudham started a chess coaching centre with just 10 students.