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Renault eyes full capacity at Chennai plant, no new partner planned
Sohini Das Mumbai
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French carmaker Renault, which is charting a turnaround in India after deciding to buy out its alliance partner Nissan's 51 per cent stake in Renault Nissan Automotive India Private Ltd (RNAIPL), is not looking for any new partner at the moment, a senior company official said. Meanwhile, it is aiming to achieve full capacity utilisation at RNAIPL's Chennai plant within the next few years—from the current close to 50 per cent—riding on fresh domestic product launches, exports, and contract manufacturing.
The company launched a next-generation Triber on Wednesday, priced attractively between ₹6.2 lakh and ₹8.4 lakh, marking its first major
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India Today
33 minutes ago
- India Today
UP government allots land for Hyderabad University Lucknow campus at Re 1 per year
The Uttar Pradesh government has transferred 2.32 hectares of land in Lucknow for the construction of a permanent campus of the English and Foreign Languages University (EFLU), step aims to promote high-quality education in English and foreign languages in the land, located in Chakauli village of Pargana Bijnor in the Sarojini Nagar tehsil of Lucknow district, has been given on lease at the rate of Re 1 per year, according to an official statement issued on This symbolic lease fee is part of the state's effort to make advanced linguistic education accessible to the university is operating temporarily from a complex on Kanpur Road in Lucknow. With the new campus, the central university plans to introduce a wide range of academic programmes, from undergraduate to doctoral levels, along with part-time foreign language PROGRAMMES AT THE NEW CAMPUSThe permanent campus will run regular programmes such as BA (Honours) English, MA English, MA Linguistics, MA English Literature, Post Graduate Diploma in the Teaching of English (PGDTE), and PhD will also offer part-time courses in French, German, Russian and Spanish languages, providing students with diverse options for language learning and officials have expressed that the new campus will become a major hub for linguistic studies, research, and cultural exchange. This move is expected to attract students from across Uttar Pradesh and other AND UNIVERSITY REACTIONSDuring the land transfer ceremony, Uttar Pradesh Higher Education Minister Yogendra Upadhyay, who was the chief guest, reaffirmed the government's commitment to providing linguistic education of global standards to the youth of the added, 'The construction of the permanent campus will lead to unprecedented growth in the quality of education and facilities.'Professor N Nagaraju, Vice Chancellor of EFLU, called the land transfer a 'historic step' for the long-term development of the said, 'The Lucknow Campus will be developed into an excellent centre for linguistic education and research.'ABOUT THE UNIVERSITYThe English and Foreign Languages University was earlier known as the Central Institute of English and Foreign Languages (CIEFL). Founded in 1958, it was established through an Act of Parliament and formally came into being on August 3, has three campuses — the headquarters in Hyderabad, and two others in Lucknow and Shillong. The Shillong campus has been operational since 1973, while the Lucknow campus has been functioning since allotment of land for the new permanent campus marks a significant step in strengthening the university's role in advancing linguistic education and research in North India.(With inputs from PTI)- Ends
Time of India
3 hours ago
- Time of India
Nvidia CEO Jensen Huang on nepotism: Parents wouldn't recommend their kids if ...
Nvidia CEO Jensen Huang openly addressed nepotism concerns at a recent all-hands meeting, defending the practice of hiring employees' children and stating that parents wouldn't recommend their kids if they would embarrass them. Huang acknowledged that many employees' children work at the company and insisted it doesn't bother him, adding with a smile that many "Nvidia second-generation" employees even outperform their parents. The comments come amid growing scrutiny over family hiring practices at the chip giant, particularly as Huang's own children have risen to key positions within the company's strategic emerging business divisions. According to reporting from The Information, Huang's daughter Madison and son Spencer have become significant players in Nvidia's future-focused departments after pursuing careers that initially diverged from the technology industry. Family business tradition rare in Silicon Valley The situation at Nvidia represents a departure from Silicon Valley norms, where the children of tech pioneers like Apple's Steve Jobs or Microsoft's Bill Gates typically chose to stay away from their family businesses. Beyond the Huang family, children of co-founder Chris Malachowsky and Director Aarti Shah also work at the company, creating an unusual "family presence" in Silicon Valley. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bedridden for 2 years, please help my husband walk again! Donate For Health Donate Now Undo Madison Huang leads the Omniverse department , focusing on 3D simulation and Digital Twin software, while Spencer Huang concentrates on AI models and robotics perception software development. Notably, neither sibling works in Nvidia's core chip and data center business, instead positioning themselves in emerging technology areas that could define the company's future growth. Former Nvidia Vice President Greg Estes acknowledged the family connection but emphasised both siblings "work very hard, excel in their respective fields, and have a deep attachment to the company." Huang's next generation takes center stage at Nvidia Madison Huag's rapid ascent at Nvidia has raised eyebrows across Silicon Valley. Her 2023 compensation package topped $1 million as she joined her father's core leadership team represents. The rise is meteoric for someone who joined the company just four years ago. Her brother Spencer has taken a different approach, working behind the scenes to advance Nvidia's robotics ambitions while avoiding the spotlight that follows his sister. The siblings' journey to Nvidia wasn't traditional tech royalty grooming. Madison spent years mastering French pastry arts at Le Cordon Bleu and climbing ranks at luxury conglomerate LVMH. Spencer ran a craft cocktail bar in Taipei, mixing drinks far from Silicon Valley's boardrooms. Their pivot to tech came in 2019 through an MIT artificial intelligence course, followed by MBA programs. Despite the nepotism concerns, internal performance reviews show both siblings have consistently exceeded targets in their respective divisions. Madison's Omniverse unit has doubled its enterprise partnerships under her leadership, while Spencer's robotics perception software has been integrated into three major automotive deals this year. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
3 hours ago
- Business Standard
Europe turns to air conditioning as extreme heat becomes new normal
As Europe sweats through another summer of record-high temperatures, much of the continent is undergoing a rapid and often tense transformation. Once seen as an American excess or Mediterranean necessity, air conditioning is becoming a fixture of life in places where it was long considered a luxury or even unwelcome. The shift reflects a new climate reality: Extreme heat is no longer rare across much of Europe. It's increasingly the new norm. Europe might not be prepared to cope. Power grids — many designed for milder climates — are already under strain. On the hottest days, electricity demand spikes and often outpaces what renewables can supply. Governments are now facing a tough question: how to keep their countries cool without driving up emissions or triggering blackouts. The evolution is apparent in France's Médoc region, where the city of Bordeaux hit a record-high 41.6 degrees Celsius (106.9°F) this week. Historic buildings like the Château Monbrison — a centuries-old wine estate — have been forced to adapt. This spring, the owners installed air conditioning — discreet Mitsubishi Compact+ units mounted against the exposed stone walls to preserve the château's traditional charm. The trend tracks across Europe. Cooling systems, once reserved for the most scorched parts of Italy and Spain, are an increasingly common sight further north, in places like the Netherlands and the UK. Residential AC purchases have doubled in Europe since 2010, according to Daikin Industries Ltd., one of the continent's biggest manufacturers. Electronics marketplace Galaxus recently reported record sales in Germany and Austria, and Samsung Electronics Co. is boosting its training budget in Europe for AC installations by an average of 10 per cent each year. France has now overtaken Italy and Spain as the fastest-growing air conditioning market in Europe for Hitachi. Household AC penetration there rose to 25 per cent by 2020, from 14 per cent in 2016, the company said. By 2035, about half of French homes are expected to have a unit. The boom in business is anchored by a troubling fact: Europe is warming at twice the global average. Cooling degree days — or how often and how intensely buildings require cooling — have more than tripled in Paris over the past two decades, according to data from Eurostat. France's capital now experiences heat comparable to Barcelona in the late 1990s. Berlin's temperatures mirror those historically recorded in Turin. And the climate in Brussels resembles what parts of Croatia were like 25 years ago. Even countries long considered too cold for cooling are changing their ways. The market for air conditioning in Scandinavia, once tiny, is registering measurable growth. 'Cooling used to be a luxury,' said Simon Pezzutto, a researcher who has tracked cooling demand in Europe for over a decade. Today, 'it's a commodity of primary necessity.' Governments are searching for a path forward. Austria's latest national energy plan explicitly cites rising cooling demand as a risk to grid stability. France, too, has warned of future peaks during the summer because of unchecked AC use. These aren't theoretical concerns. As a heat wave gripped southern Europe in June, electricity grids in Italy buckled, leading to blackouts in several regions. 'That synchronized spike in demand — sometimes compressed into a matter of hours — puts immense pressure on national grids,' said Isabella Nardini, Manager of International Affairs at the Fraunhofer Research Institution for Energy Infrastructures and Geotechnologies. Part of the problem relates to consumer preferences. Many shoppers are opting for small, portable units, which are more affordable and easy to install, but less energy-efficient than other models. Globally, the International Energy Agency says that space cooling already accounts for 10 per cent of electricity consumption in buildings, and Europe's share is only expected to rise. In response, fossil fuel plants — especially gas and coal — are increasingly fired up to meet surging demand. 'Rising air conditioning use is propping up fossil fuel generation during times when renewables underperform,' said Sabrina Kernbichler, lead power analyst at Energy Aspects. Even if Europe's needs are met, adapting the continent's aging building stock poses another logistical challenge. Many older homes were designed to retain heat. That's an advantage in winter, but a problem in today's longer, hotter summers. Every year, only about 1 per cent of buildings are renovated. 'In dense cities, this is even harder,' said Nardini. 'You have limited space for condenser units, and when they're all packed together, they make the urban heat island effect worse.' Because ACs expel heat, they can contribute to elevated temperatures well past midnight, making it harder for people to sleep and recover. But adjusting to new cooling demands isn't just about policy or infrastructure. It also runs up against cultural barriers. Historically, Europe's opposition to air conditioning has been tied not simply to cost, but to aesthetics, noise and environmental impact. In June, after France proposed curbing the uncontrolled spread of air conditioning, citing sustainability concerns, the politician Marine Le Pen accused elites of expecting ordinary people to suffer. 'Leaders have decided that the French should suffer from the heat while they themselves obviously enjoy air conditioned vehicles and offices,' she wrote on X. A middle path may exist. Daikin Europe, for instance, is designing products for the local market that incorporate touches like quieter fans, according to Yeliz Yener Minareci, section manager for residential business units. And while resistance to air conditioning remains strong in many parts of Europe, she said attitudes are still broadly softening, especially within younger generations. As heat waves become more frequent and severe, lack of cooling is increasingly seen as a public health risk that affects productivity in workplaces, schools and homes. 'In Europe, the most important thing is that the product needs to be sustainable over the whole life cycle,' Minareci said. When Amadej Petan, 27, a project manager in Paris, bought his first AC in June, he was conscious of choosing a less-polluting model. A tipping point was simply the need to work without constant disruptions from the scorching weather. 'I feel like every summer is getting hotter,' he said. 'In order to work and live comfortably in my small apartment, I needed to have an AC.'
