Naukariadda

Mumbai: ACME Solar Holdings plans to invest ₹15,000-20,000 crore in expanding its renewable energy business, with a focus on battery energy storage to meet rising demand for reliable, round-the-clock renewable power, chief executive officer Nikhil Dhingra told ET.The company expects the contribution of energy storage to its business to increase from around 25% now as it expands its battery portfolio, Dhingra said, adding that ACME aims to deploy about 10 GWh of battery capacity this year. "Storage will be a primary focus," Dhingra said.ACME also has about 1.5 GW of firm and dispatchable renewable energy (FDRE) capacity scheduled to come up in FY27. These projects will combine solar generation with battery storage, the company said. It has already signed power purchase agreements (PPAs) for about 4,000 MW of FDRE and hybrid projects, while its near-term pipeline stands at more than 5,080 MW.Dhingra said demand for round-the-clock renewable power is expected to remain strong, p...

Bhubaneswar: Senior BJP leader and Sambalpur MP Dharmendra Pradhan on Saturday said attempts were made to "mislead" Gen Z during the protests over the NEET paper leak issue, prompting him to quit as Union Education Minister.Pradhan broke his silence on his resignation while addressing students and teachers at GM University here, exactly two weeks after he stepped down amid massive protests at Jantar Mantar in Delhi over the issue."Gen Z is our children. Some people attempted to mislead them. I had no personal issues then. At least two crore children are born in India every year. During the last 10 years, 20 crore children were born. They have aspirations, and they will make India the 'Vishwa Guru'. The post was not important to me," Pradhan said.He said he had approached Prime Minister Narendra Modi and offered to resign from the Union Council of Ministers.Pradhan resigned from the ministry on July 25.At another meeting in Rairakhol, Pradhan hit out at forme...

from Economic Times https://ift.tt/MKeQWm0

Mumbai: Bank loans given against fresh foreign currency non resident (bank) (FCNR (B)) deposits raised between June 8 and September 30 will not be included in the net bank credit and will hence be exempted from mandatory priority sector calculations, RBI said in a notification.Advances against NRE term deposits raised by banks between June 19 and September 30 will also be excluded from these calculations, RBI said.The RBI had earlier also provided an exemption to banks from maintenance of cash reserve ratio (CRR) and statutory liquidity ratio (SLR) on fresh FCNR (B) deposits including deposits that are renewed upon maturity. Loans given against these deposits will also now be exempt from central bank norms. RBI rules say that a minimum of 40% of net bank credit must be made to so called priority sectors which include loans to agriculture, MSMEs, export credit, education, housing, weaker sections etc.The Reserve Bank of India's special measures to attract foreign exchange have broug...

London/Melbourne: Founders and CEOs of India's largest companies have routinely expressed concern about the country's widening skills gap, declining productivity, and the challenge of preparing young people for the workforce. Anand Mahindra, for instance, had warned that joblessness and unaddressed skill gaps could fuel social unrest. Yet, when such a 'prophesised' social unrest finally did erupt - in the form of NEET protests in support of Cockroach Janta Party (CJP) - Big Business kept quiet.At first glance, it might seem like businesses have nothing to do with the issues and demands raised by CJP. But businesses are, indeed, involved, at every stage. Two decades of extraordinary wealth creation by India Inc has not translated into employment at the scale needed to absorb a growing young workforce. The employment that has been generated is largely precarious and, in many cases, exploitative, especially in gig work that is yet to be provided the security of formal econ...

New Delhi: Vehicle registrations or retail sales by dealers rose 26% to 2.59 million units year-on-year in July, marking the best-ever performance for the month for two-wheelers, three-wheelers, passenger vehicles, commercial vehicles and tractors.The strong growth, however, came on a low base as automobile sales were sluggish last year in the run-up to the overhaul in goods and services tax (GST) rates with effect from September 22, 2025. Automakers dropped prices to pass on the lower GST rates, triggering a sales surge.Also Read: Alternative fuels now within striking distance of petrol in passenger vehicle market, says FADATwo-wheeler sales grew 28% year-on-year last month, per data collated by the Federation of Automobile Dealers Associations (Fada) from the road ministry's Vahan portal. Sales of three-wheelers, passenger vehicles, and commercial vehicles climbed 16%, 19% and 24%, respectively in July. "For the first time on record, every single category posted its best-eve...