GPS Renewables, a Bengaluru headquartered biofuels technology company, has acquired Germany-based Proweps Envirotech GmbH, for an undisclosed amount. #Energy

https://t.co/JK5TAimmZe

After the induction of high-tech AI-equipped SWARM #drones and loitering munitions, the Indian Army has ordered 200 logistics drones from the startup Dhaksha Unmanned Systems.

#MakeinIndia #Defence
https://t.co/9acwW6xyml

A total of 612.1 million dollar Ayush and Herbal products were exported in 2021-2022 while 628.25 million dollar Ayush and Herbal products were exported in 2022-2023

#Exports
https://t.co/9BO2Tfthvt

Export financier Exim Bank Launched its subsidiary- India Exim Finserve IFSC Private Limited - at the Gujarat International Financial Tec City (#GIFT City). 

#Economy
https://t.co/5PHeprP62X

India's Aerospace Manufacturing Industry Achieves Milestone As Tata Delivers 200th C-130J Super Hercules Empennage #Defence #aviation

https://ift.tt/EQblSR3

Central Bureau of Investigation (#CBI) Academy joined the Interpol Global Academy Network at a virtual event. The network supports academic collaboration among law enforcement training institutions across the world

#ForeignAffairs
https://t.co/NUSNe6KsIF

China’s central bank adds more gold for a ninth straight month. - Bloomberg

Bullion held by the People’s Bank of China rose by 740,000 troy ounces, the central bank said on Monday. That’s equivalent to about 23 tons. Total stockpiles now sit at 2,137 tons, with around 188 tons added in a run of purchases that began in November.

#Economy #DeDollarisation
https://www.mining.com/web/chinas-central-bank-adds-more-gold-for-a-ninth-straight-month/

Tata Power on Tuesday announced a Rs 13,000 crore investment for setting up two pumped hydro storage projects (PSPs) in Maharashtra.

The two projects will have a combined capacity of 2,800 MW.

#Infra #Energy
https://t.co/LiXBIZkliN

#Meme of the day 🤑

🇸🇦🇵🇸 - WSJ says Saudi leader Muhammad Bin Salman has obtained from the United States the creation of a Palestinian state in exchange from a distancing from China and a normalization with Israel.

#Geopolitics

Construction of Exide Industries’ greenfield lithium-ion cell manufacturing project in Bengaluru is going on in full swing and commercial production of the first phase is expected by the end of next financial year (FY25).

The plant, with a capacity of 12 gigawatt hours (GWh), would be set up in phases.

The first phase of 6 GWh would entail an investment of about Rs 4,000 crore. The total project cost of Rs 6,000 crore would be met through internal accruals as well as bridge loans.

#MakeinIndia #Batteries #Energy
https://t.co/sQf7HtGSmS

🌳 India succeeds in reducing emissions rate by 33% over 14 years - UN sources

🇮🇳 UN Official said a substantial increase in forest cover and schemes promoting non-fossil generation and targeting emissions in industrial, automotive and energy sectors has led to the sharp reduction in India's emissions intensity.

#India #Energy

https://www.reuters.com/world/india/india-succeeds-reducing-emissions-rate-by-33-over-14-years-sources-2023-08-09/

Cap ex by 54 large central PSE and five departmental arms, having annual capex targets of Rs 100 crore and above, have collectively spent around 35% of their annual capex target of Rs 7.33 trillion in the first 4 months of this financial year #Economy #Infra

https://t.co/tmb0raoZ0p

🇮🇳 India to develop her own browser.

⚡Ministry of Electronics & Information Technology (MeitY) launched the Indian Web Browser Development Challenge (IWBDC) on 9th August 2023 in Launch Programme organized at India Habitat Centre, New Delhi.

#India #Atmanirbhar

Source 🔗

Here to register: link

🇮🇳 India’s case for a protectionist move like the one announced last week—restricting computer & laptop imports—comes from the fact that it currently has almost no competitive advantage in the international trade of computers.

🇨🇳China and 🇻🇳Vietnam both have much greater comparative advantage.

#Manufacturing #India

The Reserve Bank of India keeps the repo rate unchanged at 6.5%, maintaining the status quo for the third time in a row.

#Economy

⚡ Ericsson and Telecom Sector Skill Council (TSSC) on Wednesday launched a Center of Excellence (CoE) at Delhi Skill & Entrepreneurship University (DSEU).

🏫 The CoE will train 300 students this year on 5G and emerging technologies and help them with job placements.

#India #Education #Economy

https://www.thehindu.com/sci-tech/technology/ericsson-and-tssc-to-skill-students-on-5g-emerging-tech-with-a-new-coe/article67179217.ece