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ADB approves $780 mn loan to expand Chennai's metro rail network

In 2021, ADB committed a record $4.6 billion in sovereign loans to India.

Concor stake sale: Inter-ministerial group expected to clear EOI today

Based on Concor's current market cap of Rs 46,674.9 crore, a 30.8 per cent stake in the company is valued around Rs 14,376 crore

Work on Adani Vizhinjam port will resume within a week: Jayakumar

he arbitration process is already on for not just extension demand, but also force majeure claims by Adani taking into account cyclones like Ockhi, Covid and floods

Vizhinjam protest against Adani port called off after 138 days

Govt has already told agitators that construction work won't be stopped, but is said to have accepted all their demands

IIT Madras generates power from sea waves, aims to go commercial by 2024

Innovation may help India achieve climate change-related goal of generating 500 Gw of renewable energy by 2030

Jugal Kishore Mohapatra new chairman at Shriram Finance in top-level rejig

A post graduate from Delhi School of Economics with a Masters in Economics from Boston University, he served in various key government positions in Odisha and at the Centre

Amara Raja to invest Rs 9,500 crore in Telangana battery-making unit

Unit will house Amara Raja E-hub, an advanced energy research and innovation centre to meet firm's development needs and offer facilities to other players in the energy and mobility space

Start-ups line up for space glory, but still very far from 'SpaceX moment'

Roughly 70% of these start-ups were launched after 2020; of $245 mn that the sector has received in last seven years, $198 mn came after 2020

TN eyes key role in offshore wind energy, may mop up $30 bn investments

According to govt estimates, 14 locations have been identified in the state, with potential to generate 25 Gw of wind energy

State govts on overdrive to vaccinate as measles outbreaks spread

Outbreaks have been reported in several states including Maharashtra, Kerala, Bihar, Jharkhand, Gujarat and Haryana

Agnikul first pvt firm to build launchpad & mission control centre in India

Development follows Skyroot Aerospace's launch of Vikram-S rocket on a sub-orbital flight from Sriharikota on Nov 18

IIT Madras launches electric racing car; mulls driverless vehicle by 2025

The racing car will be featured at student-led formula championships like Formula Bharat in India in January and Formula Student Germany next August

Adani port protests: Vizhinjam police station attacked; 12 cops injured

The local fishing community claims that the breakwater and constructions would affect their livelihood and homes

Race for space: Funding for space start-ups skyrockets 61 per cent in 2022

Funding to private players soars to $108.52 million compared to $67.2 million in 2021

IT sector hiring down 43% in Oct; recovery likely in Jan-March: Study

Ukraine war, funding cuts for start-ups, companies tightening spending among reasons for hiring decline

States' Budget demand: 60% GST share, extended compensation period

State finance ministers demanded greater fiscal autonomy through an increase in states' share in goods and services tax (GST) to 60 per cent, from 50 per cent at present

Castrol to pick up 7.09% stake in TVS family's Ki Mobility for Rs 488 cr

With this deal, which is Castrol's largest all-cash transaction, the firm aims to expand its presence in service and maintenance of ICE vehicles and EVs

China's tension with West 'very good opportunity' for India: Stellantis CEO

India 'ahead of the curve' economically, says the world's fifth largest automaker that has a manufacturing plant in Tamil Nadu

Shriram Financial Ventures to be holding company in Shriram Group recast

SCL, the existing holding company of the Group, and Shriram City Union Finance will merge shortly with Shriram Transport Finance

Skyroot's Vikram-S rocket launch creating space for private sector

The launch of a sounding rocket by Skyroot marks the start of a surge in start-ups entering a sector that was opened up only in June 2020