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Govt eases environment clearance rules for solar projects

Govt eases environment clearance rules for solar projects

New Delhi: In a relief to solar project developers, the Union environment ministry has said that the provisions of the Environment Impact Assessment (EIA) notification, 2006, which mandates environment clearance, will not be applicable to solar PV (photovoltaic) power projects, solar thermal power projects and solar parks.

The environment ministry, however, clarified that the disposal of PV cell would be covered under the provisions of Hazardous and Other Waste (Management and Trans-Boundary Movement) Rules, 2016.

Tata Motors to invest Rs1,500 crore in commercial vehicles business, focus on cost cutting

Tata Motors to invest Rs1,500 crore in commercial vehicles business, focus on cost cutting

Mumbai: Tata Motors Ltd Monday said it will invest Rs1,500 crore in its commercial vehicle business (CV) as it seeks to regain lost ground and return to profitability this fiscal year. The car and truck maker is also focusing on cost cutting which will save it at least Rs1,500 crore this fiscal, said Guenter Butschek, chief executive officer (CEO) and managing director.

“Our responsiveness to market volatility was not enough,” Butschek said at a press meeting in Mumbai on Monday. The company has realized the need to shift focus and get the “back bone” right, he added. The CV business is Tata Motors’ cash cow, fetching more than seven out of every ten rupees of its India revenues.

Mukesh Ambani’s Reliance Industries said to mull India power storage with BP

Mukesh Ambani’s Reliance Industries said to mull India power storage with BP

Mumbai/New Delhi: Reliance Industries Ltd, owned by Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector, according to two people with knowledge of the plan.

The companies are considering a plan to set up energy-storage projects near solar- and wind-energy installations, the people said, asking not to be identified, citing company policy. A decision on investment and implementation will be taken by December, they said.

Google launches Android ‘Oreo’

Google launches Android ‘Oreo’

Keeping up its tradition of naming its Android upgrades with delectable desserts, Google on Monday launched its version 8.0 of operating system as Android Oreo.

The Oreo boasts of a two times faster boot speed, autofill option, and a longer battery life. The new update comes with a Picture-in-Picture feature that allows the user to see two apps simultaneously.

Earthquake hits Italian island; one dead, 25 injured

Earthquake hits Italian island; one dead, 25 injured

An earthquake of magnitude 4.0 hit the tourist-packed Italian island of Ischia, off the coast of Naples, on Monday night, killing at least one person and injuring some 25 others as buildings collapsed, officials said.

Residents and tourists on the island ran out on to the streets from homes and hotels. Television images showed that about six buildings in the town of Casamicciola as well as a church collapsed in the quake, which hit at 8:57 p.m. (1857 GMT).

Sensex recoups 218 pts, Nifty reclaims 9,800 in early trade

Sensex recoups 218 pts, Nifty reclaims 9,800 in early trade

The BSE benchmark Sensex rebounded over 218 points and the NSE Nifty went past the 9,800-mark in early trade today on fresh buying by investors amid a firming trend in Asian markets. The 30-share index was trading higher by 218.19 points, or 0.70%, to 31,477.04 with the sectoral indices led by oil & gas, metal, IT, consumer durables, teck, PSU, healthcare and auto leading the recovery.

ONGC board approval for acquiring HPCL props up shares of both oil PSUs

ONGC board approval for acquiring HPCL props up shares of both oil PSUs

Shares of PSU oil majors Oil and Natural Gas Corp and Hindustan Petroleum Corp jumped today after the giant exploration company’s board approved the acquisition of 51% equity stake in the refining and marketing firm from the government. ONGC shares rose as much as 1.6% to Rs 160.1 on BSE, while HPCL shares were trading up over 3.6% at Rs 450. Earlier yesterday, ONGC’s board of directors in a meeting held on 21 August 2017, gave an in-principle approval for acquisition of 51.11% equity stake of HPCL.

Triple Talaq verdict: SC terms triple talaq unconstitutional by a majority of 3-2

Triple Talaq verdict: SC terms triple talaq unconstitutional by a majority of 3-2

The five-judge Constitution bench of the Supreme Court on Tuesday passed a landmark verdict holding the practice of Triple Talaq as unconstitutional.

After reading separate judgments, the five-judge bench ruled in 3:2 majority triple talaq is void and illegal.

Whatsapp looking for ways to stop spread of fake news

Whatsapp looking for ways to stop spread of fake news

Popular messaging app WhatsApp on Monday said it is exploring ways to check spread of fake news through its platform.

WhatsApp software engineer Alan Kao termed the situation as "complex" because of the end-to-end encryption of messages on the platform that does not allow anyone -- except the sender and the receiver -- to read the messages.

Infosys ADR holders complain to Sebi

Infosys ADR holders complain to Sebi

Investors of Infosys’ American Depository Receipts (ADR) have written to Indian markets regulator Securities and Exchange Board of India (Sebi), complaining about the role of founders in criticising the decisions taken by the board of directors. The ADR holders alleged that this unwarranted criticism had caused them significant losses.

Shares of Infosys fell 9.6 per cent in the domestic market on Friday and another 5.4 per cent on Monday, while the ADR was down 7.2 per cent on Friday and was trading 2.5 per cent lower on Monday at 7:45 PM IST.

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