Calcom Vision secures new customer contract with RR Kabel, receives initial Rs 1 crore LED order
Calcom Vision Limited has announced the addition of RR Kabel as a new customer, marking a significant development in its customer portfolio. RR Kabel, a leading player in India's electrical equipment sector, has placed an initial order worth Rs 1 crore for LED products, with potential for further supply growth.
The contract involves regular supply of LED lighting solutions for residential, commercial, and industrial applications. The first batch of the order has already been executed, with subsequent deliveries expected to continue on a recurring basis.
The agreement was signed with RR Kabel, a domestic entity known for its diversified product offerings, including wires, cables, switches, lighting, fans, and appliances. Calcom confirmed that this is not a related-party transaction, and none of the promoter groups hold any interest in RR Kabel.
This collaboration is expected to enhance Calcom's market reach and strengthen its presence in India's competitive electrical and lighting solutions space.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Politico
3 hours ago
- Politico
Inside the White House Energy Dominance Council
Welcome to POLITICO's West Wing Playbook: Remaking Government, your guide to Donald Trump's unprecedented overhaul of the federal government — the key decisions, the critical characters and the power dynamics that are upending Washington and beyond. Send tips | Subscribe | Email Sophia | Email Irie | Email Ben In the months since President DONALD TRUMP returned to office, a little-known but deeply influential body inside the White House has been quietly driving one of Trump's biggest policy ambitions: Making the United States 'energy dominant' by providing affordable, reliable energy to Americans while still generating enough electricity to power the boom in artificial intelligence. This Energy Dominance Council, first announced in November with Interior Secretary DOUG BURGUM as director and Energy Secretary CHRIS WRIGHT as deputy, is modeled after the national security and economic councils. It is tasked with coordinating the federal government — from the Department of Energy to the Department of Agriculture to the State Department — toward achieving those goals. The goal is to expedite projects, said RICHARD GOLDBERG, the senior counselor who helped conceive of and stood up the council. The council has been working with private enterprise to dramatically reduce the time it takes to get a project off the ground — from years, he said, to days. It's part of a larger administration drive to cut the red tape it believes stymies innovation. But environmental groups and renewable energy executives have taken the White House to task for refusing to include wind and solar power projects, two of the fastest and cheapest ways to increase energy production, in their energy dominance plans. That approach could haunt the administration, critics warn, as electricity prices rise, in part because of the high demand for power from the data centers used to fuel AI. Trump's focus on keeping oil prices down could also cause the White House to stumble on the president's promise to boost production — oil companies are laying off employees and the number of barrels the United States is producing is starting to fall after reaching a record high in March. West Wing Playbook sat down with Goldberg to discuss the council's mission, structure, and how it's navigating the challenge of meeting America's growing energy demand. He just wrapped up his service as a special government employee. This conversation has been edited for length and clarity. Let's start with the big picture. What is the Energy Dominance Council, and how does it work inside the White House? It's the first time in history that we've created a dedicated energy dominance council that is tasked with carrying out the president's objectives to make America energy dominant. That means everything that is required to have enough energy to provide reliable and affordable energy for all Americans, have enough energy to win the AI arms race against China, have a US-led energy supply chain that hooks allies to the United States and unhooks people from our adversaries, and having enough energy to promote peace stability while managing threats and having maximum flexibility in times of conflict. How is the council structured? Who's actually doing the day-to-day work? The council is less than 10 very committed patriotic Americans working out of the Eisenhower Executive Office Building. It's run by an executive director who's a deputy assistant to the president, and supported by two deputies who are special assistants to the president. They are managing projects on a daily basis. We have a dedicated policy lead just working oil and gas issues all day long. There's a policy lead working on power issues and all that power encompasses, and that includes nuclear power, coal power and electricity to power AI and what that means as far as maintaining and preserving, strengthening the grid today. A policy lead on mining and critical minerals was a very important addition that the president made to the council's mandate. How are you executing on that vision for the president? The message is the Energy Dominance Council is open for business. You just have to call and say, you have a project, you have something that we're working on that is a new build, a new mine, a new dig, a new connection, a new pipeline, a new export terminal, you name it, and that it will contribute to energy dominance in the following ways. It will make sure we are adding reliable baseload energy to our grid in the following ways. 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We're working to prevent that from happening in the first place. There are only two major reasons why that might happen right now. One is you keep closing down coal plants that are keeping the grid stable in certain areas of high demand, you have states that just keep pushing forward on wind and solar with state support of some kind and connecting it to the grid and making their grid over reliant on it. Or you have one of these hyper scalers try to connect into an existing grid with just more power needs than you know could possibly happen. But the president is not going to allow that to happen, I'm very confident. If he sees any knuckleheads getting in the way that could cause it to happen, he's going to look at any possible authority that he has to break the log jam. In the event that energy prices do spike, do you think the administration would review its stance on wind and solar? I think it's important to understand that we have been put on a trajectory, on the grid and on prices by policy decisions made for many years embracing intermittent and unreliable sources of energy. And so when we start seeing stress in the grid today, this is a grid that the president inherited. I understand the political strategy from the wind and solar industry to look at an immediate moment of crisis or a rise in price or anything like that that could ever happen and say, 'Oh, it's because you're de-prioritizing wind and solar.' That's not why it's happening, and it's not the solution, we will absolutely see higher prices and grid failures if we reverse course. We need heavy baseload energy pumped into the grid to not just win the air arms race, but keep the lights on today. I've heard some buzz recently on geothermal. Where is the administration on this form of energy? It has potential. DOE is looking at this and working on this. It is absolutely part of the council's mandate and focus. You know, we just finished putting the finishing touches on having a challenge coin for the council and geothermal is represented on the coin. Europe promised to spend $750 billion over three years on purchases of U.S. energy. Does the U.S. have enough oil, gas and other energy commodities to meet that price tag? The answer is we have availability of supply today to increase sales abroad, increase exports across Europe and the Asia Pacific as well. And we have a supply curve that will continue to increase over the years ahead to both provide for the U.S. consumer and the increased demand that we're seeing across the globe for us. We need to continue to build out both the export infrastructure and help our potential customers abroad make sure that they're building out their infrastructure for import facilities and floating regasification units. We have American companies involved in all of that that can help. 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But if it remains in place, it appears to sharply diminish — but not completely rule out — the possibility that lawyers or other officials in the administration could face contempt charges over their conduct during the high-profile deportation showdown. What We're Reading Nobody Is Making Deals in Trump's Washington (Jim Secreto for POLITICO Magazine) I Helped Bury Stories About Trump. I Regret It. (Cameron Stracher for NYT Opinion) Veterans' Care at Risk Under Trump as Hundreds of Doctors and Nurses Reject Working at VA Hospitals (ProPublica's David Armstrong, Eric Umansky and Vernal Coleman) Could the U.S. Have Saved Navalny? (WSJ's Drew Hinshaw and Joe Parkinson) POTUS PUZZLER Former President GROVER CLEVELAND found fish more mysterious than humans, saying, 'No one has yet been wise enough to explain their ways or account for their conduct.' (Source: White House Historical Association)
San Francisco Chronicle
5 hours ago
- San Francisco Chronicle
Trump admin claws back $250M in California solar funding, igniting likely legal battle
California officials say the Trump administration's decision to claw back $250 million already awarded to build solar projects for low-income families and on tribal lands is an 'unlawful termination' that will raise the costs of community solar and battery storage projects in the state. The cuts are part of a sweeping end to a $7 billion Biden-era Environmental Protection Agency program called 'Solar for All' that covered 60 recipients across the country. The EPA announced grant awardees in April 2024. The California Public Utilities Commission said Thursday it received a termination letter, which said Congress made its intent clear in the Republican-led One Big Beautiful Bill Act and that the EPA no longer had 'legal authority or the financial appropriations needed' to continue the program. 'Congress appropriated these funds with a clear mandate,' said a joint statement from the CPUC, California Energy Commission and Labor and Workforce Development Agency. 'Revoking them now undermines our legal system and destabilizes ongoing projects.' EPA Administrator Lee Zeldin posted a video announcing the end of the program Thursday, which he described as a 'grift.' He said 'very little of the money has actually been spent' because building had yet to begin. 'We're committed to the rule of law,' Zeldin said, 'and being a good steward of taxpayer dollars.' Experts say the EPA's legal arguments are thin and likely to be challenged in court — by those who can afford a courtroom battle. 'This administration wants to do as much damage as it possibly can to the green energy industry,' said Dave Owen, an attorney and energy law professor at UC College of the Law, San Francisco. 'They're trying to deal enough blows to them that even when there's a more amenable administration in place, it can't come back.' President Donald Trump has made his critiques of clean energy clear, repeatedly calling solar panels and wind mills ugly and inefficient. Meanwhile, renewables supplied 57% of California's in-state power generation last year, according to the U.S. Energy Information Administration. The EPA's letter argued the Solar for All Funds are 'unobligated,' which attorneys say is likely to be the crux of any legal battle. 'Going through and terminating agreements without cause doesn't magically de-obligate the funding,' said Harvard Law researcher and attorney Abby Husselbee. 'There may be no legal basis for the termination.' Owen said the Trump administration will likely argue that any unspent money is 'unobligated.' The Solar for All program's focus was largely on community solar, which allows ratepayers to use a share of a solar site to offset power use and lower energy bills. Community sites usually target those who live in apartments or can't afford full rooftop arrays. 'It's no secret that energy affordability is an issue in California and across the country, and cancelling Solar for All will only make matters worse — especially for the people who can least afford it,' said Stephanie Bosh, a spokesperson for the country's leading solar trade group, the Solar Energy Industries Association. 'At a moment when energy demand is skyrocketing — and solar and storage is the quickest and cheapest energy source to deploy — this administration is continuing to dig itself into a hole.' In its workplan, which the EPA under Biden approved, the state utilities commission laid out its emphasis on reaching disadvantaged communities and federally recognized tribal lands. The commission said $190 million of the funding would cover the costs of up to 20 new community solar sites and up to 100 megawatts of power for up to 30,000 households. It would save those involved 20% on their monthly bills. Locations for sites had not been announced, but would have been spread across the areas covered by investor-owned utilities Pacific Gas and Electric, San Diego Gas and Electric and Southern California Edison. A separate $25 million was set aside for areas in the state under public utilities, which would have covered another 8,000 on sites could have started by the end of this year, according to presentations the commission gave on the program. The plan required sites to allot at least 51% of each system's capacity to low-income residents. About $19 million was designated to incentivize solar development on tribal lands, which have historically struggled to access reliable electricity. Millions of dollars were also dedicated to job and workforce development to build the sites. 'There are real effects, real jobs on the line,' Husselbee said. 'All that potential good, that potential savings, has been put to a halt.'
Newsweek
5 hours ago
- Newsweek
Donald Trump Removes IRS Chief, Temporarily Replaces Him With Scott Bessent
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump has removed Billy Long, the head of the Internal Revenue Service (IRS), and temporarily replaced him with Treasury Secretary Scott Bessent, The Associated Press and New York Times reported on Friday. Long's removal comes less than two months after he was confirmed to lead the federal agency. Bessent will take over as the head of the IRS on an acting basis, a White House official told AP. The Republican-led Senate confirmed Long 53-44 despite Democratic senators' concerns about Long's lack of experience in tax administration and his past work for a firm that pitched a fraudulent pandemic-era tax break. People familiar with the matter told the Times that Long is expected to be nominated for an ambassadorship. Five people have served as IRS commissioner, on a permanent or an acting basis, since Trump took office: Douglas O'Donnell, Melanie Krause, Gary Shapley, Michael Faulkender and Long. O'Donnell took over leading the agency on January 21, after his predecessor, Danny Werfel, announced he would leave the agency before Trump was inaugurated. This is a breaking news story. Updates to follow.
