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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MC Explains | The case of MSCI’s review of Adani Group stocks
Index provider MSCI has said it will review the free-float status of Adani Group-linked stocks and their eligibility in its indexes. “MSCI has received feedback from a range of market participants concerning the eligibility and free-float determination of specific securities associated with the Adani Group for the MSCI Global Investable Market Indexes (GIMI),” it said on February 8. “Any changes in the review affecting the calculations of the Indian conglomerate’s free float will be announced and implemented along with the index’s February review, due on February 9.” A decision by MSCI to reduce the number of free-floating shares of Adani companies is likely to negatively impact the stocks. Adani Group stocks fell on February 9, triggered by news of MSCI’s review. The freefall of the conglomerate’s stocks had subsided in the past couple of days following the recent rout after the Hindenburg report. Also Read: Adani Group shares fall following MSCI's review of its free … [Read more...] about MC Explains | The case of MSCI’s review of Adani Group stocks
Sustainalytics downgrades three Adani companies’ governance scores
Adani group stocks Sustainalytics downgraded corporate governance-related scores for three of India's Adani Group companies on ethics concerns, the sustainability ratings company said on Wednesday, citing questions a short-seller raised last month. The lowered scores, including for Adani Green Energy and Adani Transmission, come after a Jan. 24 report from short-seller Hindenburg Research alleged accounting fraud and stock manipulation at the sprawling Indian conglomerate, hammering the shares of its listed companies and the wealth of founder Gautam Adani. Representatives for Sustainalytics, a unit of Morningstar Inc, said its clients received research this month elaborating on the downgrades. The changes flow to the overall risk rating tied to environmental, social and governance (ESG) matters assigned by Sustainalytics to Adani companies, which can influence whether sustainability-minded fund managers buy or hold the securities. The changes would not have a major … [Read more...] about Sustainalytics downgrades three Adani companies’ governance scores
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
Artificial? Yes. Intelligent? Maybe: The great AI chatbot race
The new chat-engine wars are underway, with Microsoft announcing its long-awaited integration of OpenAI’s ChatGPT bot into Bing while Google published a blog post about its own chatbot for search, called Bard. Here’s something you don’t see every day: Microsoft Corp. is serving up a snazzy web search tool. And Google, whose search page has barely changed in 24 years, is also racing to launch a just-as-cool revamped tool in the next few weeks. It seems that officially, the new chat-engine wars are underway, with Microsoft on Tuesday announcing its long-awaited integration of OpenAI’s ChatGPT bot into Bing and calling it a “copilot for the web.” Google published a blog post hours earlier about its own chatbot for search, called Bard. For Google in particular, it could be the riskiest strategic move it has made in years, a metaphorical leap off the couch that the company has been relaxing on for far too long. Update : Google is already grappling with chatbot accuracy problems … [Read more...] about Artificial? Yes. Intelligent? Maybe: The great AI chatbot race
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
Agnikul Cosmos inaugurates India’s first private rocket launchpad
From left: AgniKul Cosmos co-founder and COO Moin SPM and CEO Srinath Ravichandran Agnikul Cosmos, a space technology startup based in Chennai, inaugurated India's first-ever privately designed and operated launchpad at the Satish Dhawan Space Center in Sriharikota. The facility, designed by Agnikul and built in collaboration with the Indian Space Research Organisation (ISRO) and the Indian National Space Promotion and Authorization Centre (IN-SPACe), is divided into two sections: the Agnikul launchpad (ALP) and the Agnikul mission control centre (AMCC). They are separated by a distance of 4 kilometres. Agnikul Cosmos mission control The launchpad will support liquid-stage controlled launches and address the need for the ISRO's range operations team to monitor key flight safety parameters during launches. Read More Additionally, it has the ability to share data and other vital information with ISRO's Mission Control Center as required. In December, the … [Read more...] about Agnikul Cosmos inaugurates India’s first private rocket launchpad
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
‘Unacceptable’: GOP Reps, Defense Experts Raise Red Flags Over Pentagon’s Reliance On China For Critical Minerals
Congress and defense experts warned that reliance on China, including for critical mineral processing, is undermining defense companies’ ability to produce the weapons the Pentagon asks for at a hearing on Wednesday. The defense industrial base — firms that make weapons and equipment for the U.S. Department of Defense (DOD) — have struggled to overcome deepening supply chain setbacks that grew more severe during the COVID-19 pandemic. At the same time, China is not only rapidly modernizing its own military but dominating critical supply chains the U.S. weapons industry depends on to meet the Pentagon’s demands, lawmakers and industry representatives said Wednesday. (RELATED: US Relies On One Country For Key Materials In Defense Production — But There’s A Problem) “ Today, t here is a mismatch between what our national strategies aim to achieve and how our defense industrial base is postured,” David Norquist, president of the National Defense Industrial … [Read more...] about ‘Unacceptable’: GOP Reps, Defense Experts Raise Red Flags Over Pentagon’s Reliance On China For Critical Minerals
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