Author: News Desk
Can you imagine a plane running on liquid sunlight? Lufthansa group has formed an Alliance with synhelion, a company that has mastered the way to use solar energy to convert CO2 into synthetic fuel called syngas. But What is syngas? It is a liquid fuel with the same properties as fossil fuels, but it is produced artificially. The genius of it is that they contain less impurities than fossil fuels which means that they emit less noxious gases when they burn. And its manufacturers say it can be used as a replacement fuel in almost all types of transportation, including…
Air India (AI) is flying through turbulence! It is not about a particular flight. Air India has been facing a series of strikes recently. Do you know the reason for it? Channel IM brings you the crux of the hot and happening! Privatised carrier Air India is currently in the midst of its first labour strike as about 1,700 aircraft maintenance technicians working with a government-owned engineering company that handles maintenance and repair jobs for the airline went for an indefinite ‘tools down agitation’ on Tuesday. In January, the technicians had called for agitation after writing to the AIESL management,…
India’s first electric highway between Delhi and Jaipur is my dream: Gadkari Union Minister Nitin Gadkari said making India’s first electric highway between Delhi and Jaipur is his dream The government received 47 proposals to set up ropeway cables in Manipur, Sikkim, Uttarakhand, Himachal Pradesh and Kashmir The Road Transport and Highways Minister said his Ministry’s budget is good, and the market is ready to support it Finance Minister Nirmala Sitharaman in the Budget for 2022-23 has allocated ₹1.99 lakh crore for the Road Transport and Highways Ministry Of this, ₹1.34 lakh crore will be allocated to the National Highways…
Russia Ukraine war cast gloom over economy The pandemic’s impact on major economies has been four times worse than that of the 2008 global financial crisis. Fiscal and monetary stimulus in wealthier countries has made things worse for low-income countries The pandemic’s impact on major economies has so far been four times worse than that of the 2008 global financial crisis. In the second quarter of 2020, US GDP fell by 9.1% compared to the previous three months, dwarfing the 2% quarterly contraction in the same period in 2009. The eurozone economy fared even worse, shrinking by 11.8%. Many developing…
India’s unique geography, geology together with its vast climatic diversity make it prone to climate change. As part of its endeavour to accomplish sustainable development goals, India has made strides towards a low-carbon economy with ambitious targets such as 175 GW of renewable energy capacity by the year 2022. Such targets warrant massive capital funding. Green Bonds are a debt instrument issued by companies, countries and multilateral organisations to exclusively fund projects that have positive environmental or climate benefits and provide investors with fixed income payments. The projects can include renewable energy, clean transportation and green buildings, among others. Recently, the finance minister in…
https://youtu.be/3xcsPECWfYMThe Department for International Trade and London & Partners offered a 3 day introductory programme to the UK’s tech ecosystem for startups and ventures in Kerala. The aim of the program was to share opportunities for companies and entrepreneurs seeking to expand their operations globally. Kerala Startup Mission and G-Tech jointly developed the interactive platform. Upasana Srikanth, Inward Investment Adviser, Department for International Trade, British Deputy High Commission, Chennai, Dr.Chris Moore, Department for International Trade and Technology Sector Specialist, London & Partners-India, and Neha Karnad, Business Development Executive – interacted with startups. The three-day program was able to reach as…
PLI to invite investments in EV sector Production Linked Incentive (PLI) Scheme for the automobile sector proposes financial incentives of up to 18% to boost domestic manufacturing of advanced automotive technology products and attract investments in the automotive manufacturing value chain. As many as 20 companies including Hyundai Motor India, Suzuki Motor Gujarat, Ashok Leyland, Mahindra & Mahindra (M&M), Hero MotoCorp, Bajaj Auto, Ola Electric Technologies have been approved for the Production Linked Incentive (PLI) Scheme for the automobile sectors. India must take the giant leap from fossil fuel-based system to EV ecosystem. Scrutiny to apprehend the two listed below…
https://youtu.be/u_WmMKleFZUI for one have used India’s leading financial service, paytm on a regular basis.. but why was there a ban imposed by RBI on it? Let me tell you why! The RBI in exercise of its powers, inter alia, under section 35A of the Banking Regulation Act, 1949, has banned paytm from onboarding new users after its servers were found sharing information with China-based entities that indirectly own stakes in the fintech giant’s unit, India’s central bank would set the terms of reference for an independent technology audit of Paytm Payments Bank for alleged violations of customer acquisition and privacy rules…
Shah Rukh Khan announces his OTT app ‘SRK +’ on social media https://youtu.be/KOMisrTQGc0Bollywood actor Shah Rukh Khan has launched his OTT Venture, SRK +“Kuch kuch hone wala hai, OTT ki duniya mein,” wrote SRK on social media launching the platformOn Instagram, he put up a post that shows his photo alongside the logo ‘SRK +’Shah Rukh had ventured into the digital streaming world as the producer of “Bard of Blood” and “Betaal”Salman Khan, Anurag Kashyap and Karan Johar congratulated Shah Rukh on his new ventureSRK will be next seen in “Pathaan” which is gearing up for release on January 25,…
Reliance to buy assets of battery firm Lithium Werks for $61 million https://youtu.be/P87ayVFa9OcReliance Industries Ltd announced acquisition of assets of Lithium Werks for $61 millionLithium Werks is a cobalt-free lithium battery technology companyIt builds technology and material wherewithal for its new energy forayIts batteries are used in industrial, medical, marine, energy storage, commercial transportation etcThe assets include the entire patent portfolio of Lithium Werks and manufacturing facility in China and key business contractsThe transaction is expected to complete by June 2022This will allow Reliance to deliver a cell manufacturing facility including leading IOT/AI capabilities