On Friday, the market capitalization of BSE-listed businesses reached an all-time high of Rs. 2,43,73,800.36 crore (US$ 3.33 trillion), owing to positive equities mood. On Friday, the BSE benchmark Sensex rose 175.62 points to close above 56,000 for the first time. It rose 239.13 points to 56,188.23 over the day.
REC Group, Europe’s largest solar panel maker, is on the verge of being acquired by Reliance Industries. China National Chemical Corp (ChemChina) is expected to sell the company to Mukesh Ambani’s company for US$ 1-1.2 billion. RIL, which has enormous intentions for green energy, will benefit from the purchase by gaining access to cutting-edge technologies and worldwide manufacturing capabilities.
Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country.
ONGC, India’s largest oil and gas company, is looking to generate electricity from wind on its extensive offshore holdings as part of its renewable energy portfolio, according to its chairman Mr. Subhash Kumar. In both the Arabian Sea and the Bay of Bengal, the Oil and Natural Gas Corporation (ONGC) owns oil and gas fields. That deep-sea experience is now being used to set wind turbines that could generate electricity that could be linked to land.
The Ministry of Commerce has developed a strategy to expand and hone special products that each district produces across the country.
Robot lifebuoys are autonomous and are fitted out with sensors and electronic equipment that allow them to locate a stranded person in the water, and head out to them automatically.
In a major boost to ‘Make in India’ in the defence sector, the Indian Army has sent proposals worth around Rs 14,000 crore to acquire two regiments of the Akash-S air defence missile system and 25 Advanced Light Helicopters (ALHs).
The Indian Railways has floated a tender for 58 rakes of the new Vande Bharat Express trains. Earlier this year, the Railways had filed a tender for 44 rakes of Vande Bharat. In total, the Railways is targeting that as many as 102 Vande Bharat trains would be ready by 2024.
The government is gearing to launch a ‘Super’ app, which will provide “one stop” solution for all such needs across states, with vehicle owners just needing to sign in once to avail all the facilities.
Geological Survey of India Training Institute (GSITI),Hydrabad, the training and capacity building wing of the Geological Survey of India (GSI), under the Ministry of Mines has recently launched its 24×7 website(https://training.gsiti.gsi.gov.in/) for round-the-clock accessibility of various online training courses on Earth Sciences to its stakeholders. This is in tune with the Digital India Campaign of the Government of India.
