Waaree Energy Storage raises ₹1,003 crore to set up 20 GWh lithium-ion battery manufacturing plant

Waaree Energy Storage Services Pvt. Ltd, a subsidiary of clean-energy firm Waaree Energies Ltd, has raised ₹1,003 crore as part of the ₹10,000-crore capital expenditure planned to set up a 20-gigawatt-hour lithium-ion battery and battery pack manufacturing facility, it said in a statement on Monday. “With these strategic resources, we will fast-track the commissioning of…

Read More

When the streams leak: Piracy’s quiet drain on OTT revenues

When a piece of content leaks, the entire commercial cycle collapses—subscriptions drop, advertising value decreases, and the ripple effect extends across the supply chain, Mahajan added. “It is responsible for multi-billion-dollar losses globally, and in India, it also means hundreds of millions of dollars of lost tax revenue for the government. For a regional platform…

Read More

Banks to remain closed on January 27? Bankers unions plan nationwide strike over 5-day work week demand

Bankers’ unions have announced a nationwide strike on Tuesday, January 27, to reiterate their long-standing demand for a five-day work week for banks. In a circular, the All India Bank Officers’ Confederation (AIBOC) said the All-India strike call comes after “a lack of response from the government” on the 5-day banking demand, which it said…

Read More

Nuclear power: What will it take for India’s private-sector gambit to succeed?

According to the International Energy Agency (IEA), reaching net zero emissions by 2050 requires the share of low-emissions sources, including renewables and nuclear, in global electricity generation to rise from 39% in 2022 to 100% by 2050. Under this pathway, global nuclear electricity generation would need to increase from about 2,700 TWh in 2022 to…

Read More