Govt clears Rs 62K-cr deal to buy 97 LCA Mark 1A fighter jets
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Hindustan Times
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- Hindustan Times
Putin to visit India, meet PM Modi by end of year: Russian embassy
Russia President Vladimir Putin will meet Prime Minister Narendra Modi in New Delhi by the end of this year, Reuters reported, citing a Russian embassy official in India on Wednesday. PM Modi and Russian President Vladimir Putin. (File/PTI)
Mint
a minute ago
- Mint
PG Electroplast share price jumps 6% on these two triggers. Do you own?
PG Electroplast share price surged more than 6% due to two factors during Wednesday's trading session. The shares experienced an upward trend after the company finalised a definitive agreement with PAX India, a subsidiary of PAX Global Technology Limited, for the production of Point-of-Sale (POS) devices in India. The consumer durables manufacturer's stock also exited the Futures & Options (F&O) ban. Experts indicate that exiting the F&O ban allows for the formation of new positions in the stock, which cannot occur while it is under a ban. As per reports, a stock is removed from the F&O ban once its open positions drop below 80% of the market-wide position limit (MWPL), which signifies the highest allowable number of open derivative contracts that all market participants can maintain for a specific stock. Talking about the strategic manufacturing partnership, as part of this deal, the company will produce PAX-branded POS devices at its current facilities, with production expected to commence by the end of the year. This collaboration signifies the firm's foray into the payments and financial technology hardware market, broadening its scope from consumer electronics to high-growth digital infrastructure solutions. The partnership enhances PAX India's leading status by facilitating increased localisation, efficiency, and scalability. It further bolsters the Government of India's initiatives, 'Make in India' and 'Digital India,' by guaranteeing that high-quality POS devices are produced domestically to satisfy the country's rising need for secure and dependable electronic payment solutions.
New Indian Express
38 minutes ago
- New Indian Express
India set to create 6 lakh jobs and global hub in Green Hydrogen Sector by 2030
While addressing the FICCI Green Hydrogen Summit 2025, the minister announced that 23 R&D projects were sanctioned, with over 100 more under evaluation. We are developing a testing facility for green hydrogen. Besides, over 100 hydrogen standards and protocols are adopted or under preparation,' said Naik. He also mentioned that five states have already implemented their green hydrogen policies, with several others actively developing similar initiatives. '15 states have notified their own hydrogen policies, creating enabling ecosystems and hydrogen hubs,' claimed Naik. Naik further explained that these states are facilitating land allocation, ensuring water availability, promoting the storage of renewable energy, and incentivizing innovation, particularly through the establishment of hydrogen hubs. The minister highlighted India's renewable energy achievements as the foundation for green hydrogen ambitions. As of June 2025, cumulative installed renewable energy capacity reached approximately 237 gigawatts, including 119 gigawatts of solar, 52 gigawatts of wind, and 49 gigawatts from large hydro. Combined with 8.78 gigawatts of nuclear power, non-fossil fuel sources now represent more than 50% of total installed power generation capacity. 'This is a matter of immense pride that we have achieved this key NDC target five years ahead of schedule,' Naik said, crediting the leadership of Prime Minister Narendra Modi. India has set a target of 500 gigawatts of non-fossil fuel-based capacity by 2030, requiring annual capacity additions of approximately 50 gigawatts. Industry leaders at the summit expressed optimism about recent developments and government support.
