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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.

X that it may calculate fines against the social-media platform by including revenue from Elon Musk’s other businesses, including Space Exploration Technologies Corp. and Neuralink Corp., an approach that would significantly increase the potential penalties for violating content moderation rules. Under the EU’s Digital Services Act, the bloc can slap online platforms with fines of as much as 6% of their yearly global revenue for failing to tackle illegal content and disinformation or follow transparency rules. Regulators are considering whether sales from SpaceX, Neuralink, xAI and the Boring Company, in addition to revenue generated from the social network, should be included to determine potential fines against X, people familiar with the matter said, asking not to be identified because the information isn’t public. The European Commission has been investigating X for several potential breaches of the Digital Services Act, newly introduced rules meant to ensure platforms police illegal content. The EU is leading a global crackdown on harmful online content and disinformation that’s sparked increasingly vocal responses from Musk, who has said such measures restrict free speech.

unicorn Slice has raised Rs 71.7 crore (around $8.53 million) from its founder and chief executive, Rajan Bajaj, through the issuance of partly paid-up shares. According to regulatory filings sourced from the Registrar of Companies (RoC), Slice’s board approved the issuance of up to 22,000 partly paid-up equity shares at a price of Rs 32,606 each to be issued in one or more tranches. This follows the Bengaluru-based company’s Rs 300 crore debt funding round, raised through compulsorily convertible debentures (CCDs) led by Taneja Family Trust, Anju Family Personal Trust, UK2 Family Trust, and MN Family Trust, with participation from Blume Ventures and 8i Ventures, among others.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

The Federal Trade Commission has adopted a rule that will require businesses to make it easy for consumers to cancel unwanted subscriptions and memberships

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...

Centrum Wealth Management Limited has reduce call on HDFC AMC with a target price of Rs 4,545. The current market price of HDFC AMC is Rs 4,794.5. HDFC AMC, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 101840.51 Crore) operating in Financial Services sector. HDFC AMC key Products/Revenue Segments include Investment Management & Advisory Fees and Income From Portfolio Management Services for the year ending 31-Mar-2024.

Digital Fashion Ventures Ltd, a wholly owned subsidiary of Aditya Birla Fashion and Retail Ltd, has invested Rs 75 crore in Wrogn, the men's wear brand backed by Accel and cricketer Virat Kohli. “ABDFVL, a wholly owned subsidiary of the company, has infused Rs 75 crore of the final remaining portion of the stated primary investments into Wrogn, thereby increasing its shareholding in Wrogn, from existing 17.10% to 32.84% on a fully diluted basis,” the firm said in a stock exchange filing. On June 19, ET reported that TMRW House of Brands, an ecommerce rollup venture owned by Aditya Birla Group Venture, had invested Rs 125 crore in Wrogn.

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.

underground bunkers used by Yemen's Houthi rebels, officials said. It wasn't immediately clear what damage was done in the strikes. However, it is incredibly rare for the B-2 Spirit to be used in the strikes targeting the Houthis, who have been attacking ships for months in the Red Sea corridor over the Israel-Hamas war in the Gaza Strip.

Macquarie has a neutral rating on Bajaj Auto while Jefferies has a buy rating on KIE Industries. Macquarie has maintained its outperform rating on Zydus Life and Investec has retained a sell rating on L&T Technology.

LTTS) shares will be in focus on Thursday following the company's report of a marginal 2% increase in its consolidated net profit, reaching Rs 320 crore for the quarter ended September 2024, up from Rs 315 crore a year ago. In the same reporting period, revenue from operations rose by 8% year-on-year (YoY) to Rs 2,573 crore, compared to Rs 2,386 crore in the previous year.

The Nifty future closed negative with losses of 0.34% at 25032 levels on Wednesday.

Goldman Sachs said on Wednesday it expects the U.S. Federal Reserve to deliver consecutive 25-basis-point (bps) interest rate cuts from November 2024 through June 2025 to a terminal rate range of 3.25-3.5%. Last month, the U.S. central bank cut the overnight rate by half a percentage point, citing greater confidence that inflation will keep receding to its 2% annual target.

Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

Subscribe to enjoy similar stories. The U.S. election and war in the Middle East are dominating the headlines, but don’t sleep on events in the Pacific.

Subscribe to enjoy similar stories. Bengaluru/Mumbai: Startup and e-commerce companies may rescue the hiring season for the batches of 2025 at India’s top engineering and business schools by ramping up campus placement targets when the jobs market is still tepid. “For the upcoming placement season, we have set an ambitious target of hiring over 230 recruits across multiple roles—a 55% increase from last year," said Manmeet Sandhu, head of human resources, for fintech platform PhonePe.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

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

The new Flockerz ($FLOCK) meme coin continues to dominate the presale scene, with over $700,000 in funding locked down.