Adani group has started blending green hydrogen in natural gas that is supplied to households for cooking purposes in parts of Ahmedabad, with a view to cut emissions and meet net-zero targets.
Adani Total Gas Ltd, the group's city gas joint venture with French energy giant TotalEnergies, has started blending 2.2-2.3 per cent of green hydrogen in piped natural gas supplies in Shantigram in Ahmedabad, the firm said in a post on LinkedIn.
Hydrogen produced through clean pathways is injected into natural gas pipelines, and the resulting blends are used to generate heat and power with lower emissions than using natural gas alone.
The firm has started producing green hydrogen by using renewable energy sources like wind or solar power, to split water into hydrogen and oxygen through a process called electrolysis. This hydrogen is blended in natural gas that is currently piped to households for cooking purposes and industries.
"We are thrilled to announce the successful commissioning of o

adani

Moderating credit growth, rising deposit cost likely to weigh on net interest income

The government will consider allowing higher fines on banks for not  complying with regulatory guidelines amid concerns that the current penalty amounts may not act as effective deterrents for large organisations or repeat offenders. The Centre is op

Nine of the top-10 most valued firms together lost a whopping Rs 4,74,906.18 crore in market valuation last week, with Reliance Industries and HDFC Bank taking the steepest hit, in line with weak trends in equities.
Markets faced heavy drubbing last week amid worsening tensions in the Middle East and foreign fund outflows. In a holiday-shortened week, the BSE benchmark plummeted 3,883.4 points, or 4.53 per cent.
The valuation of Reliance Industries declined Rs 1,88,479.36 crore to Rs 18,76,718.24 crore.
HDFC Bank's market valuation slumped Rs 72,919.58 crore to Rs 12,64,267.35 crore.
Bharti Airtel's valuation plunged Rs 53,800.31 crore to Rs 9,34,104.32 crore and that of ICICI Bank tumbled Rs 47,461.13 crore to Rs 8,73,059.59 crore.
The valuation of Life Insurance Corporation of India (LIC) plummeted Rs 33,490.86 crore to Rs 6,14,125.65 crore and that of Hindustan Unilever tanked Rs 27,525.46 crore to Rs 6,69,363.31 crore.
The market capitalisation (mcap) of ITC dropped Rs 24,139

Reliance

Goyal discussed how historic reforms, diversification, and localised supply chains are transforming India into a global manufacturing powerhouse

Piyush Goyal

Minister of Commerce and Industry Piyush Goyal and US Commerce Secretary Gina Raimondo held the 6th Commercial Dialogue here on Thursday during which they reviewed the progress made in semiconductors supply chains, innovation handshake, energy-industry network and the Indo-Pacific Economic Framework for Prosperity.
A day earlier, the two leaders signed a new memorandum of understanding (MoU) to expand and diversify critical minerals supply chains, with the aim of leveraging the two countries' complementary strengths to ensure greater resilience in the critical minerals sector.
Priority areas of focus include identifying equipment, services, policies and best practices to facilitate the mutually-beneficial commercial development of the US and Indian critical minerals exploration, extraction, processing and refining, recycling and recovery, a media release said.
During the commercial dialogue, Goyal and Raimondo praised the two sides' continuing efforts to facilitate resilient, secure

The manager of the top-performing $23 billion GQG Partners Emerging Markets Equity Fund has kept his holdings in Chinese stocks at about 12 per cent

Rajiv Jain, GQG Partner

Speaking at Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman noted that while it took the country 75 years to achieve a per capita income of $2,730, the next leap will be much faster

Nirmala Sitharaman, Nirmala, Finance Minister

The existing SIT, set up by the Andhra Pradesh government, will be replaced by the new team, which will comprise CBI officers, Andhra state police personnel and an FSSAI member

Supreme Court, SC

The Union govt has allocated over Rs 1 trillion to support two major agriculture support schemes: the PM-Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana

PM Modi chairs first meeting of his new Cabinet, attended by the newly-inducted ministers, at the prime minister's 7, Lok Kalyan Marg residence, in New Delhi, Monday, June 10, 2024. (PTI Photo)

PM Modi chairs first meeting of his new Cabinet

Central government is committed to completely root out the menace of Left-Wing Extremism (LWE) by March, 2026

Amit Shah, Home Minister, Amit

Here is the best of Business Standard's opinion pieces for today

Flip through any academic journal, wade through an opinion piece on an online news site or its print cousin, or glance at a news headline and you see businesses claiming their innovative new product/service launch or governments proclaiming innovatio

Kejriwal also shared a post and expressed his happiness after the people of the New Delhi constituency

Kejriwal, Arvind Kejriwal

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Adani Group starts India's biggest hydrogen blending in natural gas project

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