IIMK, Tata Power to collaborate in training professionals in power sector
The MoU was formally signed by Debashis Chatterjee, Director, IIMK, on behalf of the institute and Praveen Agrawal on behalf of Tata Power-DDL.
Under the agreement, the IIMK and Tata Power-DDL will jointly design and deliver specialised training and development programmes for power sector professionals, with focus on future-oriented themes such as smart grids, distributed generation, renewable integration, electric mobility, and artificial intelligence applications in power systems. The collaboration will also include joint research, workshops, faculty exchanges, and consultancy projects across national and international contexts.
The focus areas of the partnership will include energy transition and decarbonisation, smart grid management and resilience, digital transformation, leadership development, sustainability and ESG integration, technology roadmap planning, and organisational change management. The initiative is designed to bridge industry practice with academic insight, driving innovation and fostering future-readiness across the power value chain.
The collaboration also facilitates the IIMK to invite experts from Tata Power-DDL to its global conclaves and thought leadership events, and for both organisations to jointly pursue consulting and simulation assignments.
The MoU will remain in effect for five years and signifies a long-term partnership dedicated to innovation, sustainable practices, and skilling for the power sector.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
15 minutes ago
- Mint
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US Tax bill to India-US trade deal
Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note on Wednesday, following mixed global market cues. Asian markets traded mostly lower, while the US stock market ended mixed, with the Nasdaq and the S&P 500 closing in the red. On Tuesday, the Indian stock market ended with modest gains, with the benchmark Nifty 50 holding above 25,500 level. The Sensex rose 90.83 points, or 0.11%, to close at 83,697.29, while the Nifty 50 settled 24.75 points, or 0.10%, higher at 25,541.80. 'We reiterate our 'buy on dips' view, with a strong emphasis on stock selection. However, participants should adopt a cautious stance on the broader market given the overbought conditions in select pockets,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Here are key global market cues for Sensex today: Asian markets traded mostly lower on Wednesday, tracking overnight mixed cues from Wall Street. Japan's Nikkei 225 fell 1.32%, and the Topix declined 0.64%. South Korea's Kospi dropped 0.42%, while the Kosdaq was flat. Hong Kong's Hang Seng index futures indicated a higher opening. Gift Nifty was trading around 25,680 level, a premium of nearly 37 points from the Nifty futures' previous close, indicating a positive start for the Indian stock market indices. US stock market ended mixed on Tuesday, dragged down by weakness in large-cap tech stocks. The Dow Jones Industrial Average gained 400.17 points, or 0.91%, to 44,494.94, while the S&P 500 declined 6.94 points, or 0.11%, to 6,198.01. The Nasdaq Composite ended 166.84 points, or 0.82%, lower at 20,202.89. Tesla share price plunged 5.4%, Nvidia stock price declined 2.97%, Advanced Micro Devices shares dropped 4.08%, while Apple stock price gained 1.29%. The Republican-controlled US Senate passed President Donald Trump's tax and spending bill, approving a massive package that would enshrine many of his top priorities into law and add $3.3 trillion to the national debt. The bill will move to the House for final approval. The US and India are nearing a deal to lower tariffs on American imports to the South Asian country and to help India avoid levies imposed by the Trump administration rising sharply next week, Treasury Secretary Scott Bessent said. US job openings unexpectedly increased in May. Job openings were up 374,000 to 7.769 million by the last day of May, the Job Openings and Labor Turnover Survey, or JOLTS report showed. Economists polled by Reuters had forecast 7.30 million vacancies. There were 1.07 jobs for every unemployed person, up from 1.03 in April. US manufacturing remained sluggish in June. The Institute for Supply Management (ISM) said that its manufacturing PMI nudged up to 49.0 last month from a six-month low of 48.5 in May. It was the fourth straight month that the PMI was below the 50 mark, which indicates contraction in the sector. Economists polled by Reuters had forecast the PMI little changed at 48.8. Gold prices held steady ahead of US payroll data. Spot gold price was stable at $3,338.22 per ounce, while US gold futures were unchanged at $3,347.80. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
21 minutes ago
- Time of India
US trade talks: Trump makes big tariff statement again, puts ball firmly in India's court
India and the United States are in a race against time. With days to go, officials from both countries are scrambling to seal a Bilateral Trade Agreement before the 9 July cut-off. The deal, if done, could spare both sides a steep tariff spike. US President Donald Trump on Tuesday (local time) reaffirmed that India-US will soon strike a trade deal with "much less tariffs", allowing both countries to compete. President Donald Trump remains confident. Speaking to reporters, he said, "I think we are going to have a deal with India. And that is going to be a different kind of a deal. It is going to be a deal where we are able to go in and compete. Right now, India does not accept anybody in. I think India is going to do that, and if they do that, we are going to have a deal for much less tariffs." India and the US have been negotiating over a Bilateral Trade Agreement (BTA) before the critical July 9 deadline of the 90-day pause on tariff escalations. Meanwhile, India has adopted a firmer stance on agricultural matters as high-stakes trade negotiations with the United States reach a pivotal moment, government sources said on Monday. Farm front lines But backroom talks in Washington are tense. India's delegation, led by Chief Negotiator Rajesh Agrawal, has extended its stay in a bid to close the gaps. Agriculture is the hardest nut to crack. Live Events One senior government source said bluntly, 'There is no question of conceding on dairy. That's a red line.' India's dairy sector supports over 80 million people. For Delhi, opening it up is politically unthinkable. External Affairs Minister S Jaishankar underlined the stakes. 'We are in the middle, hopefully more than the middle, of a very intricate trade negotiation. Obviously, my hope would be that we bring it to a successful conclusion,' he told Newsweek. But he warned, 'There will have to be give and take.' Battles over beans and barriers Washington wants more. It is pressing India to slash duties on apples, nuts and genetically modified crops. The bigger goal is to tap India's massive farm market to trim a $45 billion trade gap. Richard Rossow at Washington's Center for Strategic and International Studies said, 'There are two real challenges to concluding an initial agreement. First on the list is US access to the Indian market for basic agriculture products. India will need to protect its basic agriculture sector for economic and political reasons.' The second headache? Non-tariff barriers. India's Quality Control Orders — more than 700 rules covering imports — block low-grade goods and push local manufacturing. Suman Berry at Niti Aayog called them a 'malign intervention' that drives up costs for small businesses. What's at stake No one wants a tariff war. If talks collapse, the suspended 26% levy snaps back. That would hit Indian exporters and American firms alike. Already, India's baseline 10% tariff remains. Trump's team is clear: if India holds firm on farm barriers, the US may look elsewhere. Still, there is hope for a middle path. Ajay Srivastava of Global Trade Research Initiative said, 'The next seven days could determine whether India and the US settle for a limited 'mini-deal' or walk away from the negotiating table — at least for now.' Mini-deal or bust? The likely outcome, experts say, is a slimmed-down pact. India could offer tariff cuts on cars, industrial goods and select farm products like almonds or ethanol. The US may push Delhi to buy oil, aircraft or ease rules for big retailers like Amazon and Walmart. Mr Rossow recalled how the original vision was clearer: 'The two leaders [Trump and Modi] laid out a simple concept in their first summit this year. The US would focus on manufactured goods that are capital-intensive, while India would focus on items that are labour-intensive.' Behind the immediate scramble is a bigger goal. Both sides want to lift trade from $191 billion now to $500 billion by 2030. Phase one aims to finish by autumn next year. But that dream rests on this week. If talks fail, tariffs bite. If they succeed, companies on both sides get a break. For now, all eyes are on Washington. Time is short, stakes high — and the farm fields of India have never loomed larger in a global trade deal. Economic Times WhatsApp channel )
Mint
24 minutes ago
- Mint
5 countries in 8 days: PM Modi's longest foreign trip in a decade begins today. Check full itinerary
Prime Minister Narendra Modi will begin his eight-day, five-nation tour today. During the tour – his longest foreign trip in ten years – the prime minister will participate in the crucial BRICS Summit in Brazil and expand India's ties with several key nations of the Global South. The PM's trip will cover two continents and include visits to Ghana, Trinidad and Tobago, Argentina, Brazil, and Namibia. PM Modi's last eight-day trip was to six nations in July 2015 when he visited Russia and five Central Asian countries. Officials said the tour will focus on defence, rare earth minerals, and cooperation on counter-terror measures, among other issues. Modi will begin his trip by visiting Ghana on the first day on July 2. This will be the prime minister's first-ever bilateral visit to Ghana. Ghana is one of West Africa's fastest-growing economies. India is the largest destination for Ghanaian exports, with gold accounting for more than 70 per cent of India's imports from Ghana. John Mahama, who was elected President of Ghana in January, visited India in 2015 for the India-Africa Forum Summit. Prime Minister Modi will meet with President Mahama to review the strong bilateral partnership and discuss further avenues to enhance it through economic, energy, and defence collaboration. From Ghana, Modi will travel to Trinidad and Tobago on a two-day visit from July 3. It will be the first visit by an Indian prime minister to the country since 1999. At least 40 per cent of the Indian diaspora in the Caribbean is settled in Trinidad and Tobago. Both Prime Minister Kamla Persad-Bissessar and President Christine Carla Kangaloo are of Indian origin. During the visit, Modi will hold talks with the President Christine Carla Kangaloo, and the Prime Minister Kamla Persad-Bissessar. The PM is also expected to address a joint session of the island nation's parliament. The visit of the prime minister to Trinidad and Tobago will impart fresh impetus to the deep-rooted and historical ties between the two countries, the MEA said. Modi will fly to Argentina on July 4 where he will hold wide-ranging talks with President Javier Milei to further enhance the India-Argentina partnership in key areas, including defence, agriculture, mining, oil and gas, renewable energy, trade, and investment. "The bilateral visit of the prime minister will further deepen the multifaceted strategic partnership between India and Argentina," it said in a statement. In 2024, India was Argentina's fifth-largest trading partner and export destination. Modi will travel to Brazil at the invitation of President Luiz Inacio Lula da Silva, in the fourth and most important leg of his trip Modi will attend the 17th BRICS summit in Brazil from July 5 to 8, followed by a state visit. This will be Modi's fourth visit to Brazil as the prime minister. The 17th BRICS Leaders' Summit will be held in Rio de Janeiro. "During the summit, the prime minister will exchange views on key global issues including reform of global governance, peace and security, strengthening multilateralism, responsible use of artificial intelligence, climate action, global health, economic and financial matters," the MEA said. The BRICS leaders' declaration is set to denounce the Pahalgam terror attack in which 26 people, mostly tourists, were killed in Jammu and Kashmir on April 22. Indian Armed Forces launched Operation Sindoor on 7 May, targeting terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir. Modi is also likely to hold several bilateral meetings on the sidelines of the summit. For the state visit to Brazil, Modi will travel to Brasilia, where he will hold bilateral discussions with President Lula on broadening the strategic partnership between the two countries in areas of mutual interest, including trade, defence, energy, space, technology, agriculture, health, and people-to-people linkages, the MEA said. Brazil has displayed interest in technology for more secure communication and India's Akash surface-to-air missile system, which was used during Operation Sindoor. In the final leg of his visit, Modi will travel to Namibia. This will be the third prime ministerial visit from India to Namibia. During his visit, Modi will hold bilateral talks with President Netumbo Nandi-Ndaitwah, pay homage to the country's Founding Father, Dr Sam Nujoma, and address the country's Parliament. The visit of the prime minister is a reiteration of India's multi-faceted and deep-rooted historical ties with Namibia, the MEA said. The visit of the prime minister is a reiteration of India's multi-faceted and deep-rooted historical ties with Namibia. "The visit of the prime minister is a reiteration of India's multi-faceted and deep-rooted historical ties with Namibia," it said. Bilateral trade between India and Namibia has grown from close to $3 million in 2000 to about $600 million now. A number of Indian companies have invested in mining, manufacturing, diamond processing and services in Namibia.
