Latest news with #DISCOMS
The Hindu
6 days ago
- Business
- The Hindu
NSE's new futures to hedge power price fluctuation loss
National Stock Exchange (NSE) is set to launch a new security called 'Electricity Futures' in order to hedge losses due to electricity price fluctuations. This will allow power buyers, sellers, traders, and retailers to manage the price risk. The electricity supply and distribution market is bundled and this product will help them unbundle, NSE said. There will be no direct delivery of electricity that will take place. DISCOMS, generators, traders and industries can now lock future prices. It is a monthly product that will be settled in cash and is expected to bring some certainty to short-term market of electricity as a commodity, which is currently volatile. Quarterly, annual and Contract for Difference (CfD) markets will also be launched subsequently said Harish K. Ahuja, Head of Sustainability, Power , Listing and Social Stock Exchange at NSE while talking to the media. Power generators will hedge revenue, distribution companies hedge costs and traders bring liquidity according to NSE's factsheet on the product. A unit of the product will be 50MWh and the maximum order size will be made for 2500MWh. Positions can be held for up to 30 lakh MWh or 20% of the market wide open positions, whichever is higher for all the electricity contracts combined together. For individual clients, the maximum position is 3 lakh MWh or 5% of the market wide open position , whichever is higher for all the electricity contracts combined together. Mr. Ahuja said that the product was designed keeping in mind that power was a public good and speculation may not be possible as electricity is not storable. All over the world, five exchanges , namely Intercontinental Exchange (ICE) which owns the NYSE, New York Mercantile Exchange, European Energy Exchange, NordPool (a pan-European power exchange), and NASDAQ has it in Europe. The date of launch will be announced by two to three weeks , said Mr. Ahuja.
Business Standard
30-05-2025
- Business
- Business Standard
G20 Sherpa Amitabh Kant urges Indian businesses to build foundational AI models
Mr Amitabh Kant, Indias G20 Sherpa, said that the Artificial Intelligence (AI) race has just begun and urged Indian businesses to build foundational models. Mr Kant was speaking at the session on Making this Indias Moment: What Must India Do? at the CII Annual Business Summit 2025 in New Delhi on 29 May. Indias G20 Sherpa believes that Indian models will provide solutions to many of the challenges faced by countries around the world. What we did in digital public infrastructure is that we used open source, open API, globally interoperable models, and those models will be the way forward for us. Therefore, India must build its foundational model. I believe India will provide these foundational models for many areas which have challenges for the world, he said. How to improve learning outcomes, health outcomes and nutritional standards, etc. India will use its 22 languages and thousands of dialects to find solutions to many of the challenges of the world. Indian startups will do some pathbreaking work in this area, Mr Kant said. Talking about the ease of doing business, Indias G20 Sherpa said that the central government has put in the building blocks, and that it is time for states to bring reforms. He also urged the industry to invest in research and development to develop cutting-edge technologies to sustain Indias accelerated growth. He also said that Quality Control Orders (QCOs) must be used rationally to ensure Indian industry can grow. To make Indian Industry more competitive, he suggested that States give land to the industry on long-term lease and privatise DISCOMS to make them more efficient. He also underlined the need for an Alternative Dispute Resolution (ADR) mechanism to ensure speedy justice, especially in commercial cases.
India Gazette
29-05-2025
- Business
- India Gazette
Importing from China to become 'China Plus One' will never work, says Amitabh Kant
New Delhi [India] May 29 (ANI): Importing from China itself to become China plus one will never work, said India's G20 Sherpa, Amitabh Kant, on Thursday, adding that Indian industry has to invest in research and development (R&D). Speaking in a Q&A session at the CII Annual Business Summit 2025 in New Delhi, Kant said that Indian industry should adopt cutting-edge technologies to compete with China, as the industry 'can't copy the Chinese'. Kant further added, 'You'll have to do the technology leapfrogging. You can't copy the Chinese. You have to beat the Chinese with one up. This game of China plus one by importing from China all the time will never work.' The China Plus One strategy typically involves companies diversifying their investments to countries other than China. China Plus One strategy is a focus of government as well as industry. Kant further stated that Indian industry will have to use completely new technologies to disrupt Chinese technologies. 'You have completely new technologies which are going to disrupt the Chinese. Technologies. Why is Indian industry not getting into them? Why are we not sourcing those technologies and using the size and scale of India to beat the Chinese through new technologies? And unless you don't do that, you'll have to do the technology leapfrogging,' he added, suggesting the industry invest in R&D. Asserting that in technology, first movers are never the winners, Kant said that the Artificial Intelligence (AI) race has just begun and urged Indian businesses to build foundational models. India's G20 Sherpa believes that Indian models will provide solutions to many of the challenges faced by countries around the world. 'What we did in digital public infrastructure is that we used open source, open API, globally interoperable models, and those models will be the way forward for us. Therefore, India must build its foundational model. I believe India will provide these foundational models for many areas which have challenges for the world. How to improve learning outcomes, health outcomes and nutritional standards, etc. India will use its 22 languages and thousands of dialects to find solutions to many of the challenges of the world. Indian startups will do some pathbreaking work in this area,' Kant said. Talking about the ease of doing business, India's G20 Sherpa said that the Central government has put in the building blocks and that it is time for states to bring reforms. He also urged the industry to invest in research and development to develop cutting-edge technologies to sustain India's accelerated growth. He also said that Quality Control Orders (QCOs) must be used rationally to ensure Indian industry can grow. To make Indian industry more competitive, he suggested that states give land to the industry on long-term lease and privatise DISCOMS to make them more efficient. He also underlined the need for an Alternative Dispute Resolution (ADR) mechanism to ensure speedy justice, especially in commercial cases. (ANI)
