Latest news with #SDinakar
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Business Standard
4 days ago
- Business
- Business Standard
US sanctions on Russia likely to cripple India's crude oil imports
Russian grades constituted around 39% of India's oil imports in May S Dinakar Amritsar Listen to This Article A powerful senator in America has sponsored a Bill increasing sanctions on Russian crude oil after Russian President Vladimir Putin last weekend bombed Ukraine. The Bill, if cleared, will cripple India's import of Russian oil, according to industry officials and the ship-tracking data. New measures from America are 'secondary sanctions', like a 500 per cent tariff on countries buying Russian energy, targeting India and China. The proposed law endangers supplies of nearly two million barrels per day (bpd) of Russian crude oil, worth around $154 million, at the rates worked out in February, according to calculations by Business Standard based
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Business Standard
26-05-2025
- Business
- Business Standard
Tough emission targets may raise carbon credit prices, impact net zero goal
"More stringent targets, combined with fair carbon pricing, are urgently needed to safeguard Indian industry's competitiveness while still fulfilling our climate commitments" S Dinakar Amritsar Listen to This Article India ignored the elephant in the room — iron and steel — when it announced new draft regulations last month for setting compulsory emission targets for greenhouse gases (GHGs) under the first phase of the compliance regime of the country's Carbon Credit Trading Scheme (CCTS). New Delhi put 282 units, falling under four sectors — aluminium, cement, chlor-alkali, and pulp and paper — on notice. The units belong to some of India's leading conglomerates like Vedanta, Hindalco, Nalco, UltraTech, ACC, Ambuja, Dalmia, and JSW Cement. For now, it has left out five sectors, including steel and
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Business Standard
14-05-2025
- Business
- Business Standard
India crucial for innovation, quicker battery storage systems: Fluence exec
Dhanya Rajeswaran talks about the US-based company's Bengaluru location, the largest, fastest-growing hub worldwide, and the only place where it is called the Global Innovation Center S Dinakar Listen to This Article Battery storage systems have become the most critical part of renewable energy, and Fluence is betting on India to drive innovation and create a supply chain for its global battery storage solutions business, says Dhanya Rajeswaran, global vice-president and managing director for India, Fluence, an offspring of Siemens and AES. In a video interview with S Dinakar, she talks about the US-based company's Bengaluru location, the largest, fastest-growing hub worldwide, and the only place where it is called the Global Innovation Center. Edited excerpts: Can you talk about Fluence and its projects in India? AES and Siemens came together in
