Rituraj Baruah

The semiconductor giant plans to nearly double its local workforce by 2030 to support India's green energy goals through new design partnerships and startup collaborations, senior vice president Vivek Mahajan told Mint.

Since its 2020 launch, the scheme has reached over 7.55 million vendors, with government data pointing to rapid digital adoption and rising formal credit penetration.

INOXGFL Group is also targeting global markets with a major battery chemicals push and a new joint venture to develop power projects across Africa, executive director Devansh Jain said.

New Delhi, May 31 -- INOXGFL Group plans to invest Rs.1 trillion in renewable energy projects by 2030 through its green power arm Inox Clean Energy Ltd, said Devansh Jain, executive director of the group.

Crude prices surged on Monday as the renewed tensions revived fears that disruptions to global oil supplies could persist for a long time.

NEW DELHI: Pre-monsoon showers and receding heatwaves have cooled India's power demand which hit a scorching record in recent weeks, data from the national grid controller showed.

The ongoing war and the blockade of the Strait of Hormuz have shaved 20% off global LNG supplies and the longer Hormuz remains closed, the higher oil, gas, and electricity prices will rise

The West Asia war pushed Brent crude from about $70 to a peak of $126 per barrel, raising fuel costs and inflation in India, which imports 90% of its oil. Prices have eased amid Iran-US peace talks but remain elevated, keeping pressure on growth, consumers and businesses.

IMD has forecast widespread rainfall and squally winds even as heatwave conditions linger in parts of north and east India.

One-time budgetary support of up to ₹ 10,000 crore for OMCs to provide ATF price stabilization amid high crude prices. The budgetary support will be in the form of interest-free advances to OMCs.