As of now, corporates are going for clean electricity as step one, but eventually there will be other opportunities to decarbonise their entire operations, said ReNew Power MD Sumant Sinha The incentives and subsidies being planned by other countries for green hydrogen manufacturing are going to pose a stiff challenge for India if it does not review its strategy, said ReNew Power’s chairman and chief executive officer (CEO) Sumant Sinha. In an exclusive interview to Moneycontrol at the India Energy Week 2023 in Bengaluru, Sinha also said that from focusing only on renewables, the company now intends to also help corporates with their decarbonisation strategies. Edited excerpts from the interview: At the India Energy Week’s inaugural ceremony, the prime minister said going ahead, India's energy growth would be the highest in the world. We have done a lot of things in different segments of energy, whether it's hydrocarbons or clean energy. What are the gaps that still … [Read more...] about India needs to review Green Hydrogen policy in view of incentives offered by other countries: Sumant Sinha of ReNew Power
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Biden’s SOTU Targets Drug Companies, But Misses Opportunity To Challenge Health Insurers And Pharmacy Benefit Managers
Share to Twitter Share to Linkedin President Biden’s State of the Union Address hammered home the point that drug prices must come down. He reminded viewers that he and his Democratic colleagues are doing something about the problem, as he touted the Inflation Reduction Act’s drug pricing provisions. Moreover, the President reproached pharmaceutical companies for making record profits from insulin, adding that he seeks to expand the $35 per month cap on out-of-pocket costs to the entire population, not just Medicare beneficiaries. Furthermore, Biden said his recently enacted Inflation Reduction Act is “taking on powerful interests to bring your healthcare costs down.” Well, that may be true. But, absent from the speech was any mention of health insurers and pharmacy benefit managers. In the U.S., multiple stakeholders have created a dysfunctional healthcare system, in which an enormous cost burden is imposed on the patient. The ever-increasing financial … [Read more...] about Biden’s SOTU Targets Drug Companies, But Misses Opportunity To Challenge Health Insurers And Pharmacy Benefit Managers
Pixel 7 Pro reportedly cost this much to make; Samsung contributes over 50 percent
Google launched the Pixel 7 series late in October 2022. The line-up included the Pixel 7 and Pixel 7 Pro, which featured a starting price of Rs 59,999 and Rs 84,999, respectively. Several months after its launch, new information suggests that Samsung played a major rule in building the Pixel 7 Pro. According to a new report by Counterpoint Research, 51 percent of the Pixel 7 Pro is made of Samsung components. This means Samsung contributes more to the Pixel 7 Pro’s bill of materials (BoM) than Google . The report notes that the Pixel 7 Pro’s production cost is estimated to be $413 (roughly Rs 34,100). The single most expensive component of the Pixel 7 Pro ( Review ) is its 6.7-inch LTPO AMOLED display that is made by Samsung. The AMOLED display accounts for 20 percent of the Pixel 7 Pro’s production cost. Samsung also built the 50 MP ISOCELL GN1 sensor for the Pixel 7 Pro’s main camera. The LSI image sensors for the periscope and the selfie cameras were also built by … [Read more...] about Pixel 7 Pro reportedly cost this much to make; Samsung contributes over 50 percent
Google’s AI chatbot ‘Bard’ offered incorrect information in company ad
Google unveiled 'Bard' - an AI conversation service to take on ChatGPT. Google on Wednesday announced a slew of features powered by Artificial Intelligence (AI), but a mistake in an ad caused its share price to tank. The search engine giant is rushing into the space after the bot ChatGPT caught the imagination of web users around the world with its ability to generate essays, speeches and even exam papers in seconds. Microsoft has announced a multibillion-dollar partnership with ChatGPT maker OpenAI and unveiled new products on Tuesday, while Google tried to steal the march a day earlier by announcing its "Bard" alternative. The bots are quickly being integrated into search engines and Google is battling to preserve its two-decade dominance of the web search industry. But astronomers on Twitter quickly noticed that Google's Bard had given out an error in an ad on Twitter touting its new technology. Read More In the ad, the bot was asked about what to … [Read more...] about Google’s AI chatbot ‘Bard’ offered incorrect information in company ad
Will Hillary’s ‘Half A Billion Solar Panels’ Promise Send Billions To China?
Hillary Clinton’s newest campaign promise to install half a billion solar panels across the country has been praised by liberal media outlets and environmentalists , but could this pledge end up benefiting China? On Sunday, Democratic presidential candidate Hillary Clinton promised to install half a billion solar panels by the end of her first term and get the U.S. to a point where it can generate enough green energy to power every home in the country. “Through these goals, we will increase the amount of installed solar capacity by 700% by 2020, expand renewable energy to at least a third of all electricity generation, prevent thousands of premature deaths and tens of thousands of asthma attacks each year, and put our country on a path to achieve deep emission reductions by 2050,” Clinton’s website boasts . While there’s no doubt U.S. companies and green energy interests would benefit from the “competitive grants and other market-based incentives” Hillary promises to … [Read more...] about Will Hillary’s ‘Half A Billion Solar Panels’ Promise Send Billions To China?
How Turno Plans To Electrify India’s Commercial Vehicles Market
Share to Twitter Share to Linkedin Turno , the India-based commercial electric vehicle platform, will today announce it has raised $13.8 million of Series A funding just a year after is launch. The business has won a 20% market share since it began trading in five states of India in January 2022, and now has plans to expand rapidly. Launched by founders Hemanth Aluru and Sudhindra Reddy, who met when working at car sharing business Zoomcar, Turno aims to make it far easier for small and medium sized enterprises in India to secure commercial electric vehicles (EVs). With these SMEs accounting for around 90% of the country’s logistics industry, the project has the potential to substantially accelerate adoption of commercial EVs in the country – driving significant sustainability benefits. “We can see an inflexion point around EVs,” says Aluru of buyers’ willingness to switch away from vehicles that depend on a conventional internal combustion engine (ICE) … [Read more...] about How Turno Plans To Electrify India’s Commercial Vehicles Market
Korean design jumps on the K-history bandwagon with traditional motifs
"Good Luck Fish," lifestyle brand 2nd universe's updated version of the dried pollack tied with silk yarn tradition [2ND UNIVERSE] The city of Seoul has a fantastic collision of old and new. In between its modern buildings, the city boasts beautiful ancient palaces and traditional houses that harmonize with nature. Trendy buildings these days seem to be bringing that power of Seoul’s contrasting beauty into their designs as many of them have fused the modern with the traditional, like the renovated hanok (traditional Korean building) cafes in Samcheong-dong, or newer buildings that feature traditional Korean designs. Whatever the method may be, the vibe is still very natural, boosting the understated charm that represents Korea's capital city. Branching off of these efforts, many brands are taking on the challenge of mixing and matching traditional Korean elements while still staying up-to-date on trends. The following is a selection by the Korea JoongAng Daily of local … [Read more...] about Korean design jumps on the K-history bandwagon with traditional motifs
Cobalt Is The New Blood Diamond Thanks To Green Energy
The rising popularity of electric vehicles and other technology caused a surge in demand for cobalt, a metal that is mostly found in Africa, where miners are reportedly working in horrific conditions. The growing market for electric-powered automobiles, smartphones and other high-tech devices has made for unintended consequences halfway around the world. Such products — which operate on lithium-ion batteries — typically require cobalt, a chemical element found within the earth’s crust. The metal is becoming increasingly associated with the “blood diamond” vernacular. The Democratic Republic of the Congo, a central African country, is where the vast majority of cobalt is currently mined. While the Congo has largely profited off the metal, international observers have expressed concern over the working conditions of cobalt miners. Activists have decried inhumane working conditions African cobalt miners are enduring. The precarious situation of depending on an unstable country for … [Read more...] about Cobalt Is The New Blood Diamond Thanks To Green Energy
Intel Institutes Pay Cuts For Executives And Managers In Response To Steep Drop In Revenue
Share to Twitter Share to Linkedin Key takeaways Intel’s fourth-quarter revenue was down 32% year over year In response to the lower revenue, the company is cutting pay for executives and managers After the report was released, Intel stock prices fell Intel announced poor financial results for Q4 of 2022. The company saw its revenue fall by over 30% compared to Q4 of 2021, and full-year revenue was down 20% year over year. Not surprisingly, the company is looking to make significant changes to right the ship. The first wave of changes is coming in the form of pay cuts for executives and managers. We will explore how this news is impacting Intel and its investors. If you want to build a portfolio that stays on top of a constantly changing marketplace, harness the power of artificial intelligence (AI). Download Q.ai to build your portfolio with easy-to-use Investment Kits today. Compensation changes The poor financial results of … [Read more...] about Intel Institutes Pay Cuts For Executives And Managers In Response To Steep Drop In Revenue
Did The Fed Decide To Raise Interest Rates This Week? Here’s The Economic Outlook Now That “The Disinflationary Period” Has Started
Share to Twitter Share to Linkedin Key takeaways The Fed raised its benchmark rate by 0.25% at its most recent meeting This broke a trend of four consecutive meetings with rate increases of 0.75% Though inflation has eased, data shows that the economy remains very hot, which could provide upward pressure on prices Investors and businesses closely monitor the Federal Reserve and how it adjusts the federal funds rate. The Fed meets multiple times yearly to decide how to manage the economy. At its most recent meeting, the Fed opted to increase its benchmark interest rate by 0.25%. This breaks the 0.75% trend of hikes, which occurred after four consecutive meetings before this one, leaving investors to wonder about the future. If you are an investor who is uncertain about how to invest in these unpredictable economic times, you can use the power of artificial intelligence (AI). Download Q.ai to build a portfolio that meets your investment … [Read more...] about Did The Fed Decide To Raise Interest Rates This Week? Here’s The Economic Outlook Now That “The Disinflationary Period” Has Started