Latest news with #PujaDasDelhi
&w=3840&q=100)
Business Standard
17-06-2025
- Business
- Business Standard
Japanese team to visit India to aid battery industry with technology
Both nations already have partnerships related to lithium battery technology Puja Das Delhi Listen to This Article A Japanese delegation comprising senior government officials and industry representatives will visit India in the first week of July to help the country with its 30 gigawatt hour (GWh) advanced chemistry cell (ACC) battery production by providing technology support, a senior Japan embassy official said here. This comes against the backdrop of three beneficiary firms — Reliance New Energy, Ola Cell Technologies, and Rajesh Exports — facing initial hurdles in meeting timelines for setting up 30 GWh capacity under the production-linked incentive (PLI) ACC scheme. While Ola Cell Technologies installed 1.4 GWh capacity against 20 GWh, the other two
&w=3840&q=100)
Business Standard
10-06-2025
- Politics
- Business Standard
India pushes for Global Ocean Pact, launches data portal at UN meet
In 2024, the Potsdam Institute's Planetary Health Check warned that ocean acidity could soon become the seventh planetary boundary to be breached Puja Das Delhi Calling for urgent global action on ocean health, Union earth sciences minister Jitendra Singh, at the third United Nations Ocean Conference (UNOC3) in Nice, Paris, on Tuesday, pushed for a global ocean pact and launched SAHAV—a digital ocean data portal—to promote transparent, science-based ocean management, according to an official statement. The Ocean Pact is a comprehensive strategy to better protect the ocean, promote a thriving blue economy, and support the well-being of people living in coastal areas. This comes against the backdrop of mounting ocean challenges, including climate change, pollution, and overexploitation of marine resources, which require collective and urgent action. Global mean ocean pH has been steadily declining at rates not seen for at least the past 26,000 years, making the ocean more acidic. The ocean is, on average, about 4% more acidic than it was in 2015. This also assumes significance as the summers of 2023 and 2024 saw nearly 3.5 times the number of marine heatwave days compared to the average. There were also extreme and record-breaking heatwaves in 2022. Half of the marine heatwaves since 2000 would not have occurred without global warming, and they now last three times as long as they did in 1940. India also backed the swift ratification of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement and advocated for a legally binding global plastics treaty. Calling for a robust Nice Ocean Action Plan, Singh urged the international community to invest in innovation, ratify the BBNJ Agreement, and finalise the plastics treaty. 'The ocean is our shared heritage and responsibility,' he said, expressing India's readiness to work with all stakeholders—governments, private sector, civil society, and indigenous communities—to ensure a sustainable ocean future. The BBNJ Agreement, also known as the High Seas Treaty, is an international agreement aimed at protecting marine biodiversity in areas beyond national jurisdiction (the high seas). It is the third implementing agreement under the United Nations Convention on the Law of the Sea (UNCLOS). The treaty aims to establish a comprehensive framework for managing marine resources and biodiversity in the high seas, addressing issues such as degradation, sustainable use, and benefit-sharing. The treaty is also essential to achieving the global 30x30 target—an international pledge to protect 30% of the planet's land and sea by 2030. It creates a legal process for countries to establish marine protected areas in the high seas, including rules for destructive activities such as deep-sea mining and geo-engineering. It also establishes a framework for technology-sharing, funding mechanisms, and scientific collaboration among countries. Crucially, decisions under the treaty will be made multilaterally through conferences of parties (COPs), rather than by individual countries acting alone.
&w=3840&q=100)
Business Standard
08-06-2025
- Business
- Business Standard
India hunts for rare earth magnet alternatives as China tightens grip
China holds around 50% of the world's rare earth reserves, 70% of extraction capacity, and over 90% of processing capability Puja Das Delhi Listen to This Article India is exploring alternative sources to import rare earth magnets amid ongoing supply disruptions from China, as there are no temporary domestic options available, according to a senior government official. Following the escalating tariffs imposed by US President Donald Trump on China, Beijing enacted export restrictions on seven heavy and medium rare earth elements and magnets on April 4. These include samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium, which are used in defence, energy, and automotive (auto) technologies. Chinese companies are now required to secure defence licences to export these resources. Despite India assuring that these magnets will only
&w=3840&q=100)
Business Standard
06-06-2025
- Automotive
- Business Standard
JBM auto to enter global e-bus mkt with first launch in Germany next month
The product has been developed based on extensive research that included feedback from potential customers in the European market Puja Das Delhi Listen to This Article JBM Auto, a $3 billion global Indian conglomerate, is preparing to enter the international electric bus (e-bus) market with its first launch of a city bus, Eco-life, in Germany this month, said vice-chairman and managing director Nishant Arya. The launch comes at a time when India and the European Union (EU) are negotiating a free trade agreement (FTA), anticipated to conclude by the end of this year. JBM plans to launch several global products in regions, including North America, South America, Southeast Asia, the Asia Pacific, West Asia, and African countries this year. With entering Germany, the Indian automaker plans to
&w=3840&q=100)
Business Standard
18-05-2025
- Automotive
- Business Standard
Skoda Auto Volkswagen set to rev up India EV play to 17% in 5 years
Currently, the 130 year old company, which has been in India for 25 years, has a 3% market share in the Indian automotive market, including internal combustion engine (ICE) vehicles and EVs Puja Das Delhi Listen to This Article Skoda Auto Volkswagen India Private Ltd (SAVWIPL) plans to grow its electric vehicle (EV) portfolio to 17 per cent by 2030, said Managing Director (MD) and Chief Executive Officer (CEO) Piyush Arora. Currently, the 130-year-old company, which has been in India for 25 years, has a 3 per cent share in the country's automotive market. This includes internal combustion engine (ICE) vehicles as well as EVs. SAVWIPL manages five brands in India — Volkswagen, Skoda Auto, Audi, Porsche, and Lamborghini. 'Considering the ever-evolving trade situation and geopolitical shifts, I believe that India will be a very good growth market for
