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Economic Times
a day ago
- Business
- Economic Times
India needs more telecom unicorns, says DoT secretary Neeraj Mittal
ETTelecom Neeraj Mittal, Secretary, DoT With the Union Cabinet approving the ₹1 lakh crore research, development, and innovation (RDI) scheme, the Department of Telecommunications (DoT) is hopeful that it will provide a much-needed boost to telecom startups in the Mittal, secretary, DoT, told ET on the sidelines of an event in Bengaluru on Tuesday that the department looks forward to working closely with the scheme and startups. The scheme aims to scale up research, development, and innovation in sunrise domains and sectors critical to economic security, strategic interests, and self-reliance. 'Deep tech is essential for the country's growth. The only difference between deep tech and tech is that you need patient capital, and telecom would fall in that category for various reasons,' Mittal said. During his address at the Matrix Global Summit 2025 on 6G technology, the DoT Secretary also noted that while telecom may not be an easy space to innovate in, the government is attempting to reduce the risk through the Telecom Technology Development Fund (TTDF), particularly in the early stages. He added that India needs several unicorns in the telecom space. With the department targeting at least 10% of global patents in 6G technology ahead of the World Radiocommunication Conference in 2027, Mittal said, 'There are more expectations from institutions that patents will come from them, from research faculties, IITs, NITs, and all these institutions which are participating. We have a call for proposals on 6G, and we hope that it will result in a lot of papers.' During a similar discussion, Reliance Jio's senior vice president, Satish Jamadagni, underscored that despite building a homegrown 5G stack, true export viability hinges on domestic chip production. Simply having a cost advantage will not 'help in selling,' he said. 'When we missed the 4G bandwagon and jumped straight to 5G, the projected technology isn't yet at its best. When we talk about exporting a 5G stack, if you don't make the chip in the country, it's not really selling,' he added. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Inside TechM CEO's 'baptism by fire' and the blaze he still needs to douse Why the RBI's stability report must go beyond rituals and routines How the sinking of MSC Elsa 3 exposed India's maritime blind spots Profits plenty, prices attractive, still PSU stocks languish. Why? The bike taxi dreams of Rapido, Uber, and Ola just got a jolt. But they're winning public favour Stock Radar: Indus Tower stock breaks out from Symmetrical Triangle pattern; could hit fresh 52-week high – check target & stop loss Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus Will worst of perception be over in Q1 earning season? 9 IT stocks, probably best contrarian bets. Use a different way to be contrarian Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 25% in 1 year
Economic Times
a day ago
- Business
- Economic Times
Dew drops on petals
The mathematical probability of your existence today, if calculated 5,000 years ago, would have been nearly zero. Your ancestors survived through tremendous uncertainties. There have been floods, famines, pandemics and earthquakes along this timeline. There was no law and order, infrastructure, technology, and economic system, and kingdoms would change hands you take that next breath of fresh air, think about how impossible it was for this moment to have even existed. Your emotions, worries, happiness, unhappiness, awareness and sense of consciousness in this moment almost never made it to today. Think of the energy you spend on trying to secure your future in the context of all events that impacted your ancestry in these 5,000 years and events that will affect your progeny in future. You could have done nothing about that past; you can do nothing about future. You can only be thankful for the next breath, awareness of being alive, and make the most of this moment. Adi Shankaracharya wrote, nalini dalagata jalamati taralam tadvajjivita matisaya chapalam - your life is as fragile as a dew drop on a lotus petal. He further advised pranayamam, pratyaharam, nitya anitya viveka vicharam - regulate your breath, evaluate yourself, and discriminate between what is uncertain and what is permanent. Become self- aware, build your value system, live the moment, do your karm, stay happy, and leave the next 5,000 years to the same forces that shaped the path until now. (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Inside TechM CEO's 'baptism by fire' and the blaze he still needs to douse Why the RBI's stability report must go beyond rituals and routines How the sinking of MSC Elsa 3 exposed India's maritime blind spots Profits plenty, prices attractive, still PSU stocks languish. Why? The bike taxi dreams of Rapido, Uber, and Ola just got a jolt. But they're winning public favour Stock Radar: Indus Tower stock breaks out from Symmetrical Triangle pattern; could hit fresh 52-week high – check target & stop loss Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus Will worst of perception be over in Q1 earning season? 9 IT stocks, probably best contrarian bets. Use a different way to be contrarian Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 25% in 1 year
Economic Times
a day ago
- Business
- Economic Times
Shadowfax files confidential prospectus for its IPO
Company Images Hyperlocal logistics player Shadowfax has filed the draft red herring prospectus for its initial public offering (IPO) with markets regulator Sebi, taking the confidential route, according to a newspaper advertisement by the company. ET had first reported on June 27 that the Flipkart-backed company was on the verge of filing papers for its Rs 2,000-2,500 crore IPO, of which about half is expected to be in the form of a primary issue. By filing confidentially, the firm can gauge investor interest and finetune its IPO plans without immediately disclosing financials and other sensitive business information. Most of the Rs 1,000-1,100 crore to be raised from the primary share sale is expected to be invested in bulking up the company's quick-delivery offerings. 'The company has been seeing massive traction emerging from quick deliveries…and its economics have also been improving,' a person in the know had told ET fiscal year 2024, Shadowfax clocked around Rs 1,885 crore in operating revenue, up 33% from the previous year, and turned operationally profitable. It reported a net loss of Rs 12 crore for FY24, down 92% year-on-year, but posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 23 the filing done, Shadowfax joins a long list of new-age companies that have submitted their draft papers to the markets regulator. The others are PhysicsWallah, Boat, Urban Company, Shiprocket, Groww, Capillary Technologies, Pine Labs, Wakefit and Curefoods. Meesho and Lenskart are also expected to file their papers soon. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Inside TechM CEO's 'baptism by fire' and the blaze he still needs to douse How the sinking of MSC Elsa 3 exposed India's maritime blind spots Profits plenty, prices attractive, still PSU stocks languish. Why? The bike taxi dreams of Rapido, Uber, and Ola just got a jolt. But they're winning public favour Stock Radar: Indus Tower stock breaks out from Symmetrical Triangle pattern; could hit fresh 52-week high – check target & stop loss Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus Will worst of perception be over in Q1 earning season? 9 IT stocks, probably best contrarian bets. Use a different way to be contrarian Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 25% in 1 year No trending terms available.
The Hindu
25-06-2025
- Science
- The Hindu
Dolphins and whales continue to wash ashore on Alappuzha coast
In less than a month, five marine mammal carcasses - four dolphins and two whales - have washed ashore on the Alappuzha coast, sparking concern among authorities and researchers. The latest were found at Challi, near Punnapra, where two dead dolphins were found on June 23 and 24. The carcasses were buried following autopsies. On May 28, the carcass of a dolphin washed ashore near the Valiyazheekkal beach. Two days later, another dead dolphin was found at Pathiyankara. Two dead whales were found at Purakkad on June 14 and 17. The repeated washing ashore of whales and dolphins has raised alarm amid growing concerns over marine pollution following the sinking of the Liberian-flagged cargo ship MSC Elsa 3 off the Thotappally coast in Alappuzha on May 25 and a fire on board the Singapore-flagged container ship MV Wan Hai 503 off the Kannur coast earlier this month following an explosion. The two incidents have sparked fears of potential oil spills and chemical contamination, as some containers aboard MSC Elsa 3 and others that fell overboard from MV Wan Hai 503 are believed to contain hazardous materials. B.R. Jayan, Range Forest Officer, Ranni Range, said they were awaiting forensic examination reports to identify the exact cause of death of the dolphins and whales. Mr. Jayan said that nothing suspicious had been found in the post-mortem examinations. The preliminary assessment by the Central Marine Fisheries Research Institute (CMFRI), following the ship accidents, found no significant changes in the water quality or species composition of the region. Ratheesh Kumar R., Senior Scientist at the CMFRI, said the possibility of a direct link between the deaths of dolphins and whales and the shipwreck was very low. 'The sea is very rough. Dolphins and whales use echolocation to navigate. The turbulence in the water can interfere with their communication. This may prevent them from detecting ships, increasing the chances of collisions. The carcasses of dolphins and whales that die in the open sea are often washed ashore, depending on wind direction. Though our primary assumption is that the deaths are not related to the shipwreck, we are not completely ruling it out. We are conducting studies to determine if there is any connection,' said Mr. Ratheesh. Following the capsizing of MSC Elsa 3 on May 26, containers from the vessel drifted ashore along the Alappuzha, Kollam, Thiruvananthapuram and Kanyakumari coasts. Similarly, a container and a lifeboat from MV Wan Hai 503, which caught fire on June 9, washed ashore in Alappuzha last week.
New Indian Express
24-06-2025
- Business
- New Indian Express
Oil extraction from sunken MSC Elsa 3 hits dead end as shipping firm drops salvage contractor
KOCHI: The efforts to extract oil from the bunkers of MSC Elsa 3, which sunk into the depths of Arabian Sea around 14.6 nautical miles off Thottappally harbour in Alappuzha has hit rock bottom as the Mediterranean Shipping Company (MSC) has ended the contract with T and T Salvage, a global leader in marine salvage and wreck removal. According to the Mercantile Marine Department, the ship owners have said that T and T Salvage was removed as they lacked expertise in removing the oil and wreck from the ship which is at a depth of 54 m from sea surface. The move of the shipping firm has raised doubts about their intention as T and T had brought expert divers from Singapore and South Africa for oil extraction and the team had successfully sealed the leaks in the oil bunker pipeline. The Director General of Shipping had issued a notice to the shipping firm on June 10 setting a 48-hour deadline for oil extraction. The diving team had completed capping and plugging of the fuel oil tanks of the sunken vessel Elsa 3 aided by diving support vessel SEAMAC III on June 12. The diving support vessel had returned to Kochi for installation of saturation diving system to aid the diving operations. The T and T Salvage had said that the shipment had arrived and were under customs ship owner had sought extension of time to start oil extraction citing adverse weather conditions. They had informed the DG Shipping that it was difficult to extract oil from the vessel due to monsoon turbulence. They had said that the hot tapping of oil from the bunker was a complex operation and the limited weather windows made it a challenging task. The agency has said that it is not practical to remove the oil from the sunken vessel due to adverse weather conditions. They are in search of a new salvage agency and have promised to start the operations once the weather improves. The U-turn of the firm has caused concern that the oil extraction and removal of ship wreck may be delayed inordinately.
