Nlc venture builder

Deni Ghifari (The Jakarta Post) PREMIUM Jakarta   ● Thu, February 9, 2023 PT Mandiri Capital Indonesia (MCI), state-owned lender Bank Mandiri’s venture capital arm, announced on Wednesday that it would begin holding its Xponent business matchmaking event for start-ups on a quarterly basis. The event was first held in October of last year and involved more than 40 start-ups and 20 business divisions under Bank Mandiri. It resulted in five partnerships between start-ups and Mandiri divisions. This year, Xponent will be held on a quarterly basis, with the first event in March. Last year, it was held only once. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept Register to read 3 premium articles for free Already … [Read more...] about Mandiri to hold quarterly business matchmaking events for start-ups

Indian Oil Corporation Ltd hopes that its green hydrogen initiatives and collaborations will accelerate the conversion of grey hydrogen to green and help achieve the ‘1-1-1 goal,’ Chairman Shrikant Madhav Vaidya, told Moneycontrol at the ‘India Energy Week 2023’. [Green Hydrogen 1-1-1 refers to the aim of reducing the price to $1 per 1 kilogram in 1 decade. ] Indian Oil Corporation is the largest state-owned oil refining company, with a capacity of 70.05 million metric tonnes per annum. It is also one of the leading petrochemical producers in India. Vaidya talked about the company’s petrochemicals expansion plan, the role of fossil fuels, and talent availability for its clean energy ventures, including green hydrogen. Edited excerpts: Q: Indian Oil has made a move towards clean energy in the green hydrogen space. What kind of targets do you have? A: Hydrogen and the refining industry go hand-in-hand. It's a raw material for me. So when I talk of hydrogen, basically, it's … [Read more...] about Hope to achieve ‘1-1-1 goal’ for Green hydrogen, petrochemicals to be integral part of Indian Oil’s growth story: Chairman

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

Representative image Jio-bp, the fuel and mobility joint venture of Reliance Industries Ltd and UK's bp, has launched petrol blended with 20 per cent ethanol, aligning with the government programme to cut oil imports and reduce carbon emissions. "In line with the roadmap set by the Government, Jio-bp has become one of the first fuel retailers in India to make E20 blended petrol available," the company said in a statement. "Customers with E20 petrol-compatible vehicles will be able to opt for this fuel at select Jio-bp outlets, and the offering will soon be expanded across the network." The E20 fuel is a 20 per cent blend of ethanol and 80 per cent of petrol. The blending of ethanol, extracted from sugarcane as well as broken rice and other foodgrains, in petrol is being introduced in the country by the government to reduce the country's oil import cost and lower carbon emissions while giving farmers an additional source of income. "India's market for fuels and mobility … [Read more...] about Jio-bp rolls out E20 petrol with 20% ethanol

Zopa, the British peer-to-peer lender turned digital bank, has raised 75 million pounds ($92.40 million) from some of its shareholders, as plans for an initial public offering (IPO) have been put on hold, Chief Executive Jaidev Janardana told Reuters. IAG Silverstripe which in 2019 provided an eleventh-hour injection for Zopa to secure its banking licence led the equity round, with participation from U.S. hedge fund Davidson Kempner and venture capitalist Augmentum, Janardana said. Fellow shareholder SoftBank did not take part in the latest cash call, he added. The Japanese conglomerate previously led a 220 million pound funding round in late 2021 that valued Zopa at roughly $1 billion. SoftBank's flagship Vision Fund, a major technology investor, posted a $23 billion loss last August following a slump in sector valuations that forced it to mark down its investments. SoftBank was not immediately available for comment. Read More Zopa did not disclose a price tag … [Read more...] about Zopa raises $92 million as SoftBank sits out funding round

From left: AgniKul Cosmos co-founder and COO Moin SPM and CEO Srinath Ravichandran Chennai-based space tech start-up Agnikul Cosmos successfully completed the flight acceptance test of their 3D printed rocket engine that is going to be used in their upcoming space flight. The launch of Agnikul's rocket Agnibaan in the coming months, will be the second private rocket launch from India after Hyderabad-based Skyroot Aerospace's Vikram-S . Like Vikram-S, Agnbaan's flight will also be suborbital, which means that it will reach below the Earth's orbit. During the test, the 3D printed rocket engine Aginlet burnt for 108 seconds, generated sea level thrust of 6 kilo Newton (kN). Unlike other rocket engines, Agnilet was built in a single step, eliminating the thousands of parts that are typically assembled in a conventional rocket engine; and they recently obtained a patent for the engine . "Humbled to announce the successful completion of the flight acceptance test of our … [Read more...] about Agnikul Cosmos successfully carries out key test ahead of planned launch

From left: AgniKul Cosmos co-founder and COO Moin SPM and CEO Srinath Ravichandran Agnikul Cosmos, the space tech startup incubated at the Indian Institute of Technology Madras, will apply for a patent for its full-scale, second-stage engine Agnilet, which it claims is the world’s first single-piece 3D-printed rocket engine. This means it’s been made in one shot without the thousands of parts that are typically assembled in a conventional rocket engine. Agnikul Cosmos has also developed its own mobile launchpad, which allows it to launch rockets from any authorised port. The startup is awaiting final approvals from the Indian Space Research Organisation to launch its rockets from Sriharikota. By developing its own mobile launch pad, the startup is in a better position to scale up its business in the future. In an interview with Moneycontrol , cofounder and CEO Srinath Ravichandran, a Wall Street trader-turned-aerospace engineer, spoke about why India’s space technology … [Read more...] about Agnikul Cosmos to patent 3D-printed rocket engine

From left: AgniKul Cosmos co-founder and COO Moin SPM and CEO Srinath Ravichandran Agnikul Cosmos, a Chennai-based space tech startup, is planning a full-scale commercial launch of their rocket Agnibaan in March/April 2023, according to co-founder and CEO Srinath Ravichandran. Agnilet, the startup's single-piece 3D-printed engine, was recently successfully tested at the Indian Space Research Organization's (ISRO) Vikram Sarabhai Space Center (VSSC) in Thiruvananthapuram. The startup is planning a test launch of its two-stage booster Agnibaan in December 2022. And, based on the findings of the test launch, the startup plans to conduct a commercial launch with customer payloads in March or April 2023, Ravichandran said. "There are a lot of people who have expressed interest to be part of the launch. So I think once our test is done, we will start converting them into like actual contracts," Ravichandran said. Ravichandran and Moin SPM, an operations specialist, founded … [Read more...] about Agnikul Cosmos plans commercial launch of Agnibaan around March 2023

Skyroot has indicated their interests in capturing the launch-on-demand requirement that is gaining attraction in an era of competition and conflict. (File image) Skyroot Aerospace, an Indian private sector space enterprise, created history by launching India’s first privately developed rocket, Vikram-S. This is a moment that many in India’s private space sector have been waiting for, and the expectation is that the success of the Skyroot venture will open doors for many others. The name given to the mission, ‘ Prarambh ’, means ‘beginning’ in Hindi. Many in the space community believe that this mission is a new beginning for engagement between India’s official space agency, the ISRO (Indian Space Research Organisation), and the private space sector in India. Congratulating Skyroot Aerospace, ISRO tweeted , “Mission Prarambh is successfully accomplished”. Elated at the success, Skyroot’s CEO and Co-Founder, Pawan Kumar Chandana tweeted that: “Nov 18th 11:30 AM will be etched … [Read more...] about Private sector can boost ISRO’s space growth story

From left: AgniKul Cosmos co-founder and COO Moin SPM and CEO Srinath Ravichandran Chennai-based space-tech startup Agnikul Cosmos has secured a patent from the Indian government for its full-scale second-stage engine Agnilet, which they claim is the world’s first single-piece 3D-printed rocket engine. Unlike other rocket engines, Agnilet has been made in one go, without thousands of parts that are typically assembled in a conventional rocket engine. It was successfully test fired in early 2021, the startup said. Earlier, Moneycontrol was the first to report that the startup was going to apply a patent for this engine. Srinath Ravichandran, co-founder and CEO of Agnikul, said, “Rocket engines usually have 1000s of parts in them - starting from injectors that inject fuel into the engine, to the cooling channels that cool the engine, to the igniter that is necessary to ignite the propellants.” “Designing Agnilet as a single piece of hardware has not been an easy ride, … [Read more...] about Chennai-based space-tech startup Agnikul Cosmos secures patent for its 3D-printed rocket engine