Tag: indian

  • Indian Oil and Sun Mobility form JV to expand battery swapping network in India • EVreporter

    On June 5, 2024, Indian Oil entered into a joint venture with Sun Mobility to establish one of the largest battery-swapping networks in India by 2030. This initiative aims to promote the adoption of electric vehicles (EVs) by enhancing infrastructure. IndianOil and Sun Mobility will form a 50:50 joint venture to scale up battery swapping solutions in India.

    The joint venture will conduct the following business activities:

    • Deploy and operate Battery-as-a-Service (BaaS) solutions for two-wheeler, three-wheeler, and four-wheeler vehicles with a gross vehicle weight lower than 2 tonnes (Small Format Electric Vehicles – SFEV).
    • Retrofitting to convert vehicles to SFEV using docks and batteries, enabling their operation as electric vehicles for SFEV-BaaS over a network of swap points, including IndianOil retail outlets.

    The joint venture plans to expand to over 10,000 battery-swapping stations across 40+ cities, aiming to serve over a million customers. This will offer Battery as a Service (BaaS) nationwide, addressing concerns about battery cost, maintenance, replacement, and charging time. The initiative is expected to boost EV adoption, create jobs, and support local businesses within the EV ecosystem. It also aims to reduce carbon emissions and promote cleaner transportation solutions.

    IndianOil’s investment in Sun Mobility will support the development of battery-swapping technology, large-scale local manufacturing, and expansion to global markets. Sun Mobility will focus on research, development, manufacturing, and improving battery swapping solutions, while the joint venture will manage network deployment, operations, and business development.

    Chetan Maini, Co-Founder & Chairman, SUN Mobility, said, “Seven years ago, SUN Mobility was founded on the premise of making electric vehicles affordable, reducing range anxiety and time for charging electric vehicles. Since then, we have created the world’s leading open architecture platform for battery swapping that seamlessly supports various electric vehicle form factors across multiple OEMs and are deploying globally in partnership with the world’s leading energy companies. Today, on World Environment Day, it gives me great pride to announce that together, we aim to transform mobility in India and create a benchmark for the world to follow”.

    Currently, Sun Mobility supports more than 25,000 electric vehicles in India across 20 cities, using over 630 stations and 50,000+ smart batteries. It facilitates over a million swaps per month for various two—and three-wheeler customers. The consolidated revenue of Sun Mobility Pte Ltd Singapore (SMS) for FY23-24 is over USD 11.5 Million.

    The joint venture will leverage IndianOil’s network of over 37,000 fuel stations and Sun Mobility’s battery-swapping technology to provide accessible and convenient battery-swapping services nationwide.

    Also read: Gogoro partners with HPCL to introduce battery swapping at fuel retail outlets

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  • WATCH: Shocking moment Indian youth collapses and dies while playing indoor cricket in Mumbai

    A stunning incident occurred in Mumbai’s Mira Road, the place a younger man all of the sudden collapsed and died while playing a recreation of turf cricket.

    Screengrab from the match. (Left) Representational image of a heart attack. Photo courtesy: Free Press Journal
    Screengrab from the match. (Left) Representational picture of a coronary heart assault. Photo courtesy: Free Press Journal

    In a video that has gone viral on social media, the youth in a pink jersey was seen playing a robust shot. When he was about to bat once more, the younger man all of the sudden collapsed on the bottom and gamers rushed to him to supply help.

    The gamers have been seen attempting to revive him, however the youth was seemingly unresponsive after collapsing on the bottom. The complete incident was caught on digital camera.

    As per the report, the youth suffered a coronary heart assault while playing the sport in Kashimeera space of Mira Road. After hitting a robust six, the younger participant collapsed on the bottom. The Kashigoan Police have launched an investigation into this stunning incident.

    (The article is printed beneath a mutual content material partnership association between The Free Press Journal and Connected to India)

  • Indian stock markets soar, adding Rs 12 lakh crore [details]

    stock market

    IANS

    In an unprecedented occasion, the Indian stock markets skilled a big surge on June 3, witnessing a acquire of over Rs 12 lakh crore, or 3.25 per cent. This outstanding incidence was attributed to a uncommon alignment of beneficial fundamentals, technicals, and sentiments, in response to market specialists. The market’s bullish development was primarily pushed by the Exit Polls, which predicted the NDA authorities’s triumphant return to energy with a powerful majority. This political forecast instilled a way of confidence amongst buyers, propelling the Sensex and Nifty to new heights.

    The buying and selling session on this present day was marked by substantial shopping for throughout the Adani counter. Adani Ports and Adani Power emerged as the largest gainers, reflecting the buyers’ optimistic sentiment in direction of these corporations. Vikram Kasat, Head-Advisory at Prabhudas Lilladher, highlighted the important thing occasions that market watchers ought to regulate within the upcoming week. These embody the RBI coverage, the 100-day measures listing, and the ultimate price range. These occasions are anticipated to have a big influence in the marketplace’s path and investor sentiment.

    markets, sensex

    IANS

    Bank Nifty Index Hits All-Time High(*12*)

    The Bank Nifty index additionally made headlines, hitting a brand new all-time excessive of 51,133 and shutting at 50,979. The positive factors within the Bank Nifty index have been spearheaded by the Bank of Baroda, which closed up 12.10 per cent, adopted by the State Bank of India (SBI) at 9.07 per cent. In a noteworthy achievement, the SBI turned the seventh Indian-listed firm to surpass Rs 8 lakh crore in market capitalisation. This milestone underscores the financial institution’s strong efficiency and its pivotal position within the Indian banking sector.

    The sectoral indices ended within the inexperienced, with the Nifty PSU Bank closing at 8.40 per cent, and the Nifty Energy at 6.77 per cent. This optimistic closure of the sectoral indices signifies a broad-based market rally, with a number of sectors contributing to the general market positive factors. The Volatility Index (VIX), a measure of market volatility, plunged to fifteen per cent. This vital drop within the VIX suggests a lower in market volatility and a rise in investor confidence.

    GDP Numbers Boost Market Sentiment(*12*)

    Adding to the optimistic market sentiment have been the GDP numbers launched on Friday. The Indian financial system registered better-than-expected development of 8.2 per cent, which is predicted to supply basic help to the market. This outstanding market rally is paying homage to related historic occasions. For occasion, in 2014, the Indian stock markets skilled a big surge following the announcement of the overall election outcomes, which noticed the NDA authorities come to energy with a decisive majority. The market’s optimistic response to the election outcomes was pushed by investor optimism concerning the new authorities’s reform-oriented agenda.

    In conclusion, the Indian stock markets’ extraordinary acquire of over Rs 12 lakh crore in a single day is a testomony to the market’s resilience and the optimistic investor sentiment. The market’s efficiency was influenced by a mixture of beneficial fundamentals, technicals, and sentiments, together with optimistic political and financial indicators. As buyers sit up for key occasions such because the RBI coverage, the 100-day measures listing, and the ultimate price range, the market’s path within the coming weeks will likely be keenly watched.

  • Israel urges citizens to explore Indian beaches after Maldives imposes entry ban 

    Israel asks citizens to explore India
    Israel urges citizens to go to India and its beaches amid entry ban imposed by Maldives. Photo Courtesy: Unsplash 

    With Maldives banning Israeli passport holders from visiting the island nation, the Israel Embassy in New Delhi on Monday urged its citizens to go to India and explore the ocean beaches.

    The Embassy posted on X: “Since the Maldives is not welcoming Israelis, listed below are some lovely and superb Indian beaches the place Israeli vacationers are warmly welcomed and handled with utmost hospitality.”

    Maldives has banned Israeli passport holders from getting into the Island Nation amid public outrage over the continued warfare in Gaza.

    The choice was introduced by Home Minister Ali Ihusan, in an emergency press briefing on the President’s Office late Sunday afternoon, reported Sun Online International.

    Ihusan mentioned the choice was taken throughout a Cabinet assembly.

    “The cupboard determined at the moment to make the authorized amendments mandatory to ban entry into the Maldives on Israeli passports as quickly as doable,” he was quoted as saying by the information portal.

    According to studies, Maldives data the arrival of over a million vacationer arrivals annually which embody 15,000 vacationers from Israel.

    The choice by the Maldivian authorities to ban Israeli passports comes after Meekail Ahmed Naseem, a lawmaker from the primary opposition Maldivian Democratic Party (MDP), submitted an modification to Immigration Act final week, to bar the entry of Israeli citizens, reported Sun Online International.

    Maldives is an Islamic Republic identified for its sandy white beaches and   shallow turquoise lagoons which are a magnet for vacationers from throughout the globe yearly.

    Israel started the Gaza invasion after Hamas launched an assault on October 7 which left  1,200 folks lifeless.

    At least 240 folks had been taken as hostages by Hamas members.

  • Israeli company tried to disrupt Indian general polls, claims Sam Altman’s Open AI

    Open AI claims Israeli company tried to disrupt Indian general polls.
    Voters displaying id playing cards whereas standing in queue to forged their votes at a polling sales space throughout the seventh Phase of General Elections-2024 at Arya Mahila Nagarmal Murarka Model School, Chetganj, in Varanasi, Uttar Pradesh on June 01, 2024.

    OpenAI, the developer of ChatGPT, reported that it intervened inside 24 hours to halt the “misleading” use of synthetic intelligence in a covert operation geared toward influencing the continued Indian general elections.

    The marketing campaign, named “Zero Zeno”, was orchestrated by STOIC, a political marketing campaign administration agency primarily based in Israel.

    According to OpenAI, the risk actors used its superior language fashions to create feedback, articles, and social media profiles that criticised the ruling BJP and praised the Congress occasion. This was revealed by the company’s CEO, Sam Altman.

    “In May, the community started producing feedback that centered on India, criticised the ruling BJP occasion and praised the opposition Congress occasion. We disrupted some exercise centered on the Indian elections lower than 24 hours after it started,” OpenAI mentioned.

    OpenAI reported that it banned a gaggle of accounts primarily based in Israel that have been getting used to create and modify content material for an affect operation throughout X, Facebook, Instagram, numerous web sites, and YouTube.

    “This operation focused audiences in Canada, the United States and Israel with content material in English and Hebrew. In early May, it started focusing on audiences in India with English-language content material,” the company mentioned.

    Responding to the report, the BJP referred to as it a “harmful risk” to democracy.

    “It is totally clear and apparent that @BJP4India was and is the goal of affect operations, misinformation and international interference, being completed by and/or on behalf of some Indian political events,” mentioned Minister of State for Electronics and IT Rajeev Chandrasekhar.

    “This could be very harmful risk to our democracy. It is evident vested pursuits in India and out of doors are clearly driving this and desires to be deeply scrutinized/investigated and uncovered. My view at this level is that these platforms may have launched this a lot earlier, and never so late when elections are ending,” he added.

    OpenAI introduced that it has disrupted 5 covert operations up to now three months that tried to use its fashions to assist misleading actions throughout the web.

    “Our investigations into suspected covert affect operations (IO) are a part of a broader technique to meet our objective of secure AI deployment,” it mentioned.

  • VIRAL: Indian woman gives birth to baby girl inside bus while travelling; video surfaces

    A pregnant woman travelling on a government-run bus on May 29 skilled labour pains and reported an emergency. She gave birth to a girl youngster on the bus, which was travelling from Thrissur to Kozhikode in southern India’s Kerala. The 37-year-old woman acquired well timed help by the transport workers, medical doctors, and locals in delivering the baby safely.

    Both mother and child are well. Photo courtesy: Free Press Journal
    Both mom and youngster are nicely. Photo courtesy: Free Press Journal

    A video from the incident exhibiting the woman supplied with preparations aiding in childbirth has surfaced on-line. It exhibits that she was made to relaxation inside bus the place the medical doctors attended her, adopted by a feminine workers stepping exterior the bus with the new child youngster. People have been joyful to mark a efficiently supply exterior a healthcare unit. The footage recorded the joyous reactions of the workers.

    Bus workers alerts close by hospital

    The woman started experiencing extreme labour pains simply after the bus travelled a distance and crossed the Peramangalam space. On studying about this, the bus driver took a fast name and diverted the transport in the direction of Thrissur. The bus workers additionally alerted the Amala Hospital in Thrissur for assist. Upon arrival on the hospital, the medical doctors didn’t waste time in escorting the woman to the ward and slightly carried out vital process inside the bus itself. Post supply, the mom and the girl youngster have been later admitted to the hospital for additional care.

    Health of each mom and youngster steady

    The hospital officers have been quoted in studies as saying that they didn’t encounter any issues throughout the birth, and it was a profitable supply. The well being of each the mom and the baby are stated to be steady and good.

    (The article is printed beneath a mutual content material partnership association between The Free Press Journal and Connected to India)

  • Indian GM Praggnanandhaa scores his first win over GM Magnus Carlsen in classical chess

    Indian GM Praggnanandhaa Rameshbabu
    Indian GM Praggnanandhaa Rameshbabu defeats GM Magnus Carlsen with the white items in the third spherical of Norway Chess in Stavanger. Photo courtesy: X/@chesscom_in

    Indian Grandmaster R Praggnanandhaa claimed his maiden classical chess victory over world No. 1 Grandmaster Magnus Carlsen, thus taking the only lead in the Norway Chess event in Stavanger.

    The 18-year-old Indian, who has crushed Carlsen in the fast/exhibition video games fairly a couple of occasions, took the chief’s place with 5.5 factors after three rounds.

    Praggnanandhaa was enjoying with white items and his victory pushed dwelling favorite Carlsen to the fifth spot in the factors desk.

    Classical chess, often known as gradual chess, permits gamers a major period of time to make their strikes, often at the least one hour. Carlsen and Praggnanandhaa had drawn their earlier three encounters in this format.

    Praggnandhaa’s sister R Vaishali held the highest spot in the ladies’s competitors, additionally with 5.5 factors. She drew her sport in opposition to Anna Muzychuk.

    In different video games, world No. 2 Fabiano Caruana of the United States defeated reigning world champion Ding Liren of China. Liren dropped to the underside of the heap in the six-player subject following the loss.

    American Hikaru Nakamura received his Armageddon sport in opposition to Alireza Firouzja of France to earn an additional half level and be third in the standings. Nakamura will likely be up in opposition to Praggnanandhaa in the fourth spherical.

  • S&P Global changed the rating of Indian GDP growth from Stable to Positive

    New Delhi. Rating company S&P has as soon as once more upgraded the rating of Indian financial system growth . This time the rating agency has changed it from steady to optimistic. According to S&P, India’s robust financial system growth has had a optimistic response on credit score metrics.

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    Let us inform you that BBB rating is taken into account to be the lowest degree.

    India’s fiscal deficit has widened, however efforts are on to cut back it. We anticipate India’s fundamentals to help growth momentum in 2-3 years.

    The rating company stated that if the fiscal deficit is decreased then it may possibly improve India’s rating. The Government of India expects the fiscal deficit to come down to 5.1 % of GDP in the monetary yr 2025 , which was 5.8 % in the monetary yr 2024. At the identical time, the authorities’s goal is to carry the deficit to 4.5 % by the monetary yr 2025-26.

    Also Read: HDFC to cease SMS alerts for UPI transactions up to Rs 100

    Rating might enhance in these circumstances

    S&P stated it may improve India’s sovereign rating in the subsequent two years if India pursues cautious fiscal and financial insurance policies that cut back the authorities’s excessive debt and curiosity burden whereas enhancing financial flexibility. S&P revised the outlook on India to optimistic from steady.

    S&P is a US based mostly company. According to S&P, if India’s fiscal deficit reduces considerably, that’s, if the GDP falls under 7 %, then it may possibly enhance the rating.

    S&P should improve the rating if there are sustained and substantial enhancements in financial coverage by the RBI.

    The world’s three main international rating businesses – S&P, Fitch and Moody’s – have given India the lowest funding grade rating. However, Fitch and Moody’s outlook on their rankings remains to be steady. Ratings are seen by buyers as a barometer of a rustic’s creditworthiness and have an effect on the price of borrowing.

     

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  • Rotary-Led Water Conservation Program Awarded US$2 Million To Assist Indian Farmers

    “Partners for Water Access and Better Harvests in India” will support climate-resilient agriculture and groundwater water storage to help farmers improve harvests and yields

    NEW DELHI: With limited irrigation facilities in India, many farmers are dependent on rainfall, leaving them vulnerable to the impacts of climate change. Extreme weather events like droughts, floods, and storms affect soil fertility, crop yields, and livestock production – all of which have led to reduced productivity and income for farmers.

    To improve water resource management and farming practices in India, a Rotary club-led initiative is making significant strides to help farmers improve their harvests, increase yields, and raise their incomes to help them enhance conditions for their families and create more resilient communities.

    Rotary members, experts, and technical advisors will collaborate with local and national governments to strengthen farmers’ capacity at the community level in four states – Rajasthan, Uttar Pradesh, Madhya Pradesh, and Maharashtra.  

    The program aims to:

     increase groundwater tables by 10-15 percent each year,

    extend the area of cultivation by 20-30 percent by increasing the availability of water,

    improve the incomes of approximately 60,000 farmers by an estimated 25-30 percent,

    introduce drip irrigation to reduce soil erosion on 4,113 hectares (more than 10,000 acres) of land by planting native species and fruit trees.

    “In a country where only 50 percent of the arable land is irrigated, I have seen the plight of farmers who pray fervently to the rain gods so that they may have enough bountiful harvest and enough income to survive till the next crop. I have seen the distress in families of marginalized farmers in years of failed monsoons. Making more water available is the panacea for the more than half of the population that subsists on agriculture”, said Sudhanshu Pachisia, Club President of the program sponsor Rotary Club of Delhi Premier.

    Throughout India, Rotary clubs have supported the construction of rainwater harvesting structures and improved irrigation, which allow farmers to harvest crops more than once per year and increase yields.

    ‘Partners for Water Access and Better Harvests in India’ is Rotary’s fourth Programs of Scale recipient – an annual competitive grant process that awards US$2 million to an evidence-based program that aligns with one of Rotary’s causes and has the capability for scaling up to help more people. The programs are sponsored by Rotary members in collaboration with local communities and partner organizations.

    “Congratulations to the Rotary Club of Delhi Premier and their partners for taking action on their vision to empower rural communities in India to improve their crops and increase their yields through water security and climate-resilient practices,” said Rotary International President Gordon McInally. “With these life-saving and sustainable innovations, farmers can now begin to plant the seeds for a healthier and more hopeful future.”

    Rotary members throughout the world develop and implement sustainable, community-driven projects that fight disease, promote peace, provide clean water, support education, help mothers and children, grow local economies, and protect the environment. Over the last 100 years, US $5.5 billion has been awarded through The Rotary Foundation – Rotary’s charitable arm that helps clubs work together to perform meaningful, impactful service.

    Bharat Pandya, Trustee, of The Rotary Foundation said, “As People of Action focused on increasing impact, Rotary members invest in relationships, make decisions grounded in evidence, and mobilize their networks to create solutions that last. Programs of Scale is an effort to implement sustainable projects that empower our communities and create measurable impact. I’m very proud that this year’s Program of Scale has been awarded to the Rotary Club of Delhi Premier in India for addressing the issue of water scarcity and its impact on agriculture and the livelihoods of farmers.  The grant will help the club in bringing a change, advancing environmental sustainability, and ensuring a brighter future for rural communities in India.”

    Mayank Gandhi, Managing Trustee at Global Vikas Trust said, “I congratulate the Rotary Club of Delhi Premier for getting this prestigious grant to help the farmers of India. We know that it is the poorest of the poor that bear the greatest brunt of the climate crisis, and we at Global Vikas Trust believe that the only way to transform their lives is by sustainable agriculture at scale. We have been planting trees and working on water conservation for several years now, and through this association with Rotary, we hope to help thousands of farmers in one of the worst-hit areas of India, which is drought-prone, poverty-ridden and reports some of the highest numbers of farmer suicides. We look forward to working together on this collaboration and hope that we can impact the lives of farmers significantly in the long term.”  

    Sharad Jaipuria, Chairman of PHD Rural Development Foundation said, “PHD Rural Development Foundation in partnership with Rotary looks forward to empowering farming communities in remote rain-fed rural India. The partnership will focus on climate-resilient agricultural practices to improve the socio-economic conditions of 30,000 farmers, with 45 percent being women, by diversifying to high-value crops like fruit plantations and multilayer vegetable farming, along with groundwater recharge by generating a water potential of more than 10.45 million Cubic feet through sustainable natural resource management. The project will be executed in an integrated community participatory approach in collaboration with the Government; with the community being one of the key stakeholders.”

    Prasanna Khemariya, CEO, of Self-Reliant Initiatives through Joint Action (SRIJAN) said, We are pleased to announce SRIJAN’s partnership with the Rotary Club of Delhi Premier to empower women farmers and foster sustainable livelihoods in Jhansi and Niwari districts. Through our combined efforts in water conservation, climate-smart agriculture, and livelihood initiatives, we aim to benefit 1500 women farmers and facilitate the plantation of 7000 trees. This project will create eight crore liters of water potential, transforming 700 acres of agricultural land. Together, we are committed to driving positive change and creating a resilient, prosperous future for rural communities.”

  • GERA DEVELOPMENTS HOSTS ‘MEET THE CHAMPION’ SERIES WITH INDIAN OLYMPIC BOXER MARY KOM


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