Articles for tag: Accelerate, Adoption, Allocates, Cabinet, Charging, Crore, ebuses, Electric, Emphasizing, Infrastructure, Transformative, Union, Vehicle

September 11, 2024

The Union Cabinet allocates ₹14,335 crore to accelerate electric vehicle adoption, emphasizing e-buses and transformative charging infrastructure.

The Indian government has approved two significant schemes to enhance the use of electric vehicles (EVs) with a total investment of Rs 14,335 crore. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) will replace the earlier FAME scheme, focusing on various electric vehicles like two-wheelers, three-wheelers, ambulances, and trucks, and offer incentives ...

September 11, 2024

Market News

Business

India’s largest supercomputer, featuring groundbreaking AI, will enhance digital infrastructure following a key India-UAE collaboration.

Microsoft and G42, backed by Mubadala, are set to build India’s largest supercomputer, capable of performing eight exaflops, or millions of trillion floating-point operations per second. G42 India CEO Manu Jain announced this project, along with a new Hindi language AI model named NANDA, which allows users to communicate in Hindi, English, and Hinglish. This ...

September 9, 2024

Market News

Business

KKR bets on industrial assets and digital infrastructure, predicting a 0 trillion investment surge by 2040 amid evolving markets.

KKR bets on industrial assets and digital infrastructure, predicting a $100 trillion investment surge by 2040 amid evolving markets.

KKR & Co. has significantly increased its investment in digital infrastructure, focusing on assets like fiber connectivity, data centers, and logistics. According to Raj Agrawal, KKR’s global infrastructure head, industrial assets such as storage facilities are becoming crucial as Fortune 500 companies seek to sell these for better financial stability. The shift towards renewable energy ...

September 5, 2024

Market News

Business

India’s NIIF aims to raise billion for infrastructure, marking a bold restart under new leadership after previous turmoil.

India’s NIIF aims to raise $4 billion for infrastructure, marking a bold restart under new leadership after previous turmoil.

The National Investment & Infrastructure Fund (NIIF) of India is planning to raise approximately $4 billion, aiming for its largest funding round yet. This initiative comes as part of the government’s effort to enhance the country’s infrastructure. The new fund is set to be significantly bigger than the last Master Fund, which concluded with $2.34 ...

August 31, 2024

Market News

Business

World’s Strongest Crane Unveiled to Drive Massive Energy Infrastructure Revolution

A Dutch company has unveiled the world’s strongest crane, the SK6000, to address the growing demand for large energy infrastructure, including massive wind turbines. Built by Mammoet for millions of dollars, this powerful crane can lift up to 6,000 tons, equivalent to approximately 1,100 African elephants. Located near the Belgian border, the SK6000 will go ...

August 30, 2024

Market News

Business

India’s GDP Slowdown: 6.7% Growth Amid Infrastructure Challenges and Controversies

India’s GDP has shown a growth of 6.7% in the first quarter of FY25, a drop from 8.2% the previous year. Meanwhile, Vedanta’s subsidiary faces a tax demand of Rs 11.87 crore. The growth in eight key infrastructure sectors slowed to 6.1% in July, primarily due to decreased output in crude oil and natural gas. ...

May 14, 2024

Market News

Business

Warning: Black Basta hackers threaten vital infrastructure, experts say

Cybersecurity experts are sounding the alarm over the Black Basta ransomware group, which poses a significant threat to critical infrastructure. Various organizations have issued warnings about the group’s activities, urging caution and heightened security measures to protect against potential attacks. Stay informed and take steps to safeguard your systems from this dangerous cyber threat. Click ...

April 25, 2024

Market News

Bitcoin’s Price Drops Again: Is the Tech Market to Blame?

Bitcoin, the world’s most popular cryptocurrency, has experienced a significant drop in its price today, falling to $64k. This drop comes as the correlation between Bitcoin and tech stocks returns to the market. As an investor or someone interested in the world of cryptocurrencies, it’s essential to understand the factors that influence Bitcoin’s price and ...

April 15, 2024

Market News

Canada and Australia Caught in a Dangerous Population Trap: A Warning for Resource-Rich Nations

Canada and Australia, two resource-rich nations, are currently facing similar economic challenges due to unsustainable levels of immigration. This population boom has resulted in poor productivity, overburdened infrastructure, and a per capita recession in both countries. Economists at the National Bank of Canada and independent economist Gerard Minack warn that no increase in living standards ...