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☆ Singapore Airlines was ordered to pay a couple compensation for 'mental agony' after they complained their business-class seats didn't automatically recline
▼ + stars: | 2024-04-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Singapore Airlines was ordered to compensate a couple for their malfunctioning business-class seats. AdvertisementSingapore Airlines has been ordered to compensate a couple who said their business-class seats malfunctioned, according to local media reports. They paid 66,750 rupees (about $800) for each business-class seat, India Today, India's most widely read weekly magazine, reported. On Friday, April 26, local outlets reported that a consumer-disputes commission in Hyderabad ordered Singapore Airlines to compensate the Guptas. Singapore Airlines is one of the world's few five-star airlines, according to the Skytrax ranking.

Persons: Ravi, Anjali Gupta, —, Ravi Gupta Organizations: Singapore Airlines, Service, India Today, Business Insider, Qatar Airways, Emirates Locations: India, Singapore, Hyderabad, Deccan Chronicle, British, Indian, Telangana

☆ India election 2024: Voters battle extreme temperatures as intense heat wave hits region
▼ + stars: | 2024-04-25 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

New Delhi CNN —Indian voters are battling sweltering conditions to take part in the world’s biggest election as a severe heat wave hits parts of the country and authorities forecast a hotter-than-normal summer for the South Asian nation. The India Meteorological Department (IMD) said a heat wave will affect parts of south and east India until the end of the week, including four states that are voting on Friday. Climate politicsIndia, the world’s most populous nation with 1.4 billion people, often experiences heat waves during the summer months of May and June. But in recent years, they have arrived earlier and become more prolonged, with scientists linking some of these longer and more intense heat waves to the climate crisis. Last year successive heat waves hit India again, closing schools, damaging crops and putting pressure on energy supplies.

Persons: Gandhi Ray, ”, “, Noemi Cassanelli, Narendra Modi, ” Ray, Commision, Aditya Valiathan Pillai, climatologist Maximiliano Herrera Organizations: New, New Delhi CNN —, South, India Meteorological Department, IMD, CNN, National Disaster Management Authority, Bharatiya Janata Party, BJP, Indian National Congress, World Meteorological Organization Locations: New Delhi, India, West Bengal, Bihar, Uttar Pradesh, Karnataka, Baripada, Khammam, Banka district, Maharashtra, Pakistan, Mumbai, Bangladesh, Asia, Thailand, Philippines, Mekong, Vietnam

☆ Modi’s BJP is set to majorly boost its vote share in opposition-ruled Tamil Nadu as India goes to polls
▼ + stars: | 2024-04-19 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +6 min

More than 62.2 million voters will choose among 950 contestants in Tamil Nadu. The DMK won the Tamil Nadu state elections in 2021, defeating the incumbent AIADMK. Prominent poll strategist Prashant Kishor reportedly said he expects the BJP to get "double digit" vote share in Tamil Nadu. Though the jump in vote share in Tamil Nadu will be substantial compared with 2019, BJP might just win one or two constituencies, Kumar said. Seated opposite from him was Geetha, a Modi supporter, who said: "Modi is superman, but DMK will sweep Tamil Nadu.

Persons: Narendra Modi, Abhishek Chinnappa, Bharatiya Janata Party —, India Anna Dravida, Narendra Modi's, Jayalalithaa, Karunanidhi, Modi, Narayanan Thirupathy, Thirupathy, Prashant Kishor, Kishor, Sanjay Kumar, Kumar, Sarvanan, Nagar, Geetha, DMK's Sarvanan Organizations: Getty, Getty Images, India's, Nationwide, Indian National Congress, Bharatiya Janata Party, Dravida Munnetra Kazhagam, DMK, India Anna Dravida Munnetra Kazhagam, AIADMK, BJP, CNBC, Narendra Modi's BJP, Tamil, Political, NDTV, Wednesday, Developmental Inclusive Alliance, India Locations: INDIA, Mysuru, India, Getty Images CHENNAI, Tamil Nadu, Dravida, Tamil, BJP, Telangana, New Delhi

☆ A frog was found with mushroom sprouting from its side, leaving scientists baffled
▼ + stars: | 2024-03-01 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

A tiny frog baffled scientists by growing a mushroom on its side. Whether the frog continued to live with the mushroom on its side will remain a mystery. Rao's intermediate golden-backed frog is a small frog that is endemic to India. "When I first observed the frog with the mushroom, I was amazed and intrigued by the sight," Lohit told CNN. "To the best of our knowledge, never has a mushroom sprouting from the flank of a live frog been documented," the authors said in their paper.

Persons: Lohit, C Maliye, Matthew Smith, Smith, he'd, Alyssa Wetterau Kaganer, Karthikeyan Vasudevan, Kaganer Organizations: Service, CNN, New York Times, University of Florida, Times, Cornell University College of Veterinary Medicine, Laboratory, Centre, Cellular Locations: India, Telangana

☆ A frog in India has a mushroom sprouting out of it. Researchers have never seen anything like it
▼ + stars: | 2024-02-29 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

The prognosis of the frog with the mushroom hitchhiker is unknown, but there are a handful of theories as to the cause of its condition. Therefore, something like this is interesting and should be followed up with observations and screening of frogs,” Vasudevan said in an email. Initially, Vasudevan had thought the mushroom was stuck on the frog’s skin rather than a growth, but photos of the critter convinced him otherwise. “It is indeed the case of a live mushroom on a live frog,” Vasudevan said. The disease has been observed in low levels in all the frog hotspots across India, the authors of the new note wrote.

Persons: —, ”, Lohit, mycologists, Alyssa Wetterau Kaganer, ” Kaganer, Kaganer, Karthikeyan Vasudevan, Vasudevan, ” Vasudevan, it’ll Organizations: CNN, World Wildlife Fund, India, Cornell University College of Veterinary Medicine, Laboratory, Centre, Cellular Locations: Karnataka, India, Bengaluru, Kerala, Telangana

The hefty Davos promotions come after India surpassed China last year as the world's biggest country by population. Now India is touting its growing strength as a nation of innovation and as a global business hub in front of some of the world's richest and most powerful people. "As China's economy slows down, India's relatively rapid growth stands out as a clear opportunity for investors in Davos looking for bright spots." "We had an all-time revenue record in India," Apple CEO Tim Cook said on the company's latest earnings call in November, in response to an analyst's question about the company's momentum there. Hidary said Indian billionaire Mukesh Ambani's smartphone company Jio will serve about 600 million people in India through a $12 device.

Persons: There's, Ravi Agrawal, Agrawal, Narendra Modi, that's, Tim Cook, Apple Tim Cook, Punit Paranjpe, Jack Hidary, Hidary, Mukesh, Ambani Organizations: India Engagement, Wipro, Infosys, Tata, Foreign Policy, CNN, CNBC, World Bank, International Trade Administration, Visual, Bank of India, Dell, HP, Lenovo, Apple, AFP, Getty, India, AMD, Nvidia, Micron, WEF Locations: DAVOS, Switzerland, Davos, India, China, CNN India, Maharashtra, Tamil Nadu, Telangana, Karnataka, U.S, Mumbai, Bangalore, Gujarat

☆ In boost for Modi, India's ruling BJP sweeps polls in three states
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: +1 min

Narendra Modi, India's prime minister, arrives at the Bhartiya Janata Party (BJP) headquarters in New Delhi, India, on Sunday, Dec. 3, 2023. India's ruling Bharatiya Janata Party won three crucial state elections and unseated the opposition in two of them, strengthening Modi's bid for a third term in office. India's ruling nationalist Bharatiya Janata Party, or BJP, on Sunday won regional votes in three out of four major states, in a big boost for Prime Minister Narendra Modi ahead of a national election due by May. BJP comfortably won Rajasthan and Chhattisgarh from the main opposition Congress and retained Madhya Pradesh, vote-counting data from the independent election panel showed. But the alliance did not feature in the state polls due to internal rivalries and it was a direct contest between BJP and Congress.

Persons: Narendra Modi, India's, Modi Organizations: Bhartiya Janata Party, BJP, Bharatiya Janata Party, Sunday, Congress Locations: New Delhi, India, Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana

"We always said we will win the heartland states," BJP President Jagat Prakash Nadda told Reuters. However, a 28-party opposition alliance led by the Congress party has come together to jointly fight BJP, posing a new challenge. But the alliance did not feature in the state polls due to internal rivalries and it was a direct contest between BJP and Congress. Politicians and analysts say state elections do not always influence the outcome of the general elections or accurately indicate national voter mood. Results of the last round of state elections before national elections have been misleading in the past.

Persons: Stringer, Narendra Modi, Modi, Rahul Gandhi, Jagat Prakash Nadda, Jyotiraditya Scindia, Gandhi, Supriya Shrinate, Gurmeet Chadha, Ira Dugal, Lincoln, Christopher Cushing Organizations: REUTERS, DELHI, Bharatiya Janata Party, BJP, Telangana, Reuters, Developmental, Congress, Thomson Locations: Madhya Pradesh, Indore, India, Rajasthan, Chhattisgarh, Telangana, Karnataka, Mizoram, Mumbai

The ruling party of Prime Minister Narendra Modi has tightened its grip over India’s populous northern belt, results of state elections showed Sunday, expanding its dominance of a key region ahead of general elections in which Mr. Modi is seeking a third term. The party, which ruled for a majority of India’s history as a republic, has struggled to claw its way back after Mr. Modi rose to national power in 2014. The Congress party was hoping to use the state elections to build momentum for national elections next spring, but instead lost all three states in which it was pitted against Mr. Modi’s Bharatiya Janata Party, or B.J.P. The only victory for Congress came against a smaller regional party in Telangana, in India’s south, where Mr. Modi’s Hindu nationalist politics has faced resistance. The results of elections in a smaller fifth state, Mizoram, are expected on Monday, but the race there is between two smaller regional parties.

Persons: Narendra Modi, Modi, Modi’s Organizations: Indian National Congress, Mr, Modi’s Bharatiya Janata Party, Congress Locations: Madhya Pradesh, Chhattisgarh, Rajasthan, Telangana, India’s, Mizoram

☆ India's Nifty 50 hits all-time high after upbeat growth data
▼ + stars: | 2023-12-01 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

The NSE Nifty 50 index (.NSEI) rose as much as 0.52% to 20,238.45, a new record high, while the S&P BSE Sensex (.BSESN) was up 0.44% at 67,286.16, as of 9:35 a.m. IST. "India's growth outlook remains positive, with various capex initiatives of the government likely to trigger consumption at the bottom of the pyramid," Pramod Gubbi, founder of Marcellus Investment Management, said. India's Nifty and Sensex posted their best month in 2023 in November, aided by the return on foreign portfolio investor (FPI) inflows. India's general elections are due early next year. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema and Mrigank DhaniwalaOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Gubbi, India's, Sensex, Madhavi Arora, Bharath Rajeswaran, Sonia Cheema Organizations: National Stock Exchange, REUTERS, Rights, NSE, BSE, Reuters, Reserve Bank, Marcellus Investment Management, Wall, Dow Jones, Bharatiya Janata Party, BJP, Indian National Congress, Emkay Global Financial Services, Thomson Locations: Mumbai, India, U.S, Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Bengaluru

☆ India's ruling BJP, opposition Congress in tight race to win state elections-exit polls
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

Three of the five states in contention have witnessed a tough battle between Modi's Bharatiya Janata Party (BJP) and the Congress party. BJP has been in power in one of the states, Congress in two, and regional parties in the remaining two. At least nine exit polls predicted Congress party's victory in mineral-rich Chattisgarh and Telangana state. A regional party was set to win again in the northeastern state of Mizoram, according to two exit polls. Politicians and analysts also note that state elections do not always influence the outcome of the general elections or indicate national voter mood.

Persons: Stringer, Narendra Modi's, Rupam, Gareth Jones Organizations: REUTERS, Modi's Bharatiya Janata Party, BJP, India Today, Thomson Locations: Rajasthan, Ajmer, India, DELHI, Madhya Pradesh, Telangana, Chhattisgarh, Mizoram

☆ Apple iPhone maker Foxconn to invest $1.5 billion in India as it looks to build beyond China
▼ + stars: | 2023-11-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019. Foxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill the Apple supplier's "operational needs," the company announced in Taiwanese security filings Monday. Foxconn is a major Apple supplier and has significant operations in mainland China. Those lockdowns, alongside general geopolitical tumult, have prompted Apple suppliers such as Foxconn to reassess their concentrated presence in China. Foxconn has already announced multiple projects inside India, including a $600 million project in Karnataka state and a $500 million factory in Telangana state.

Persons: Foxconn Organizations: Stars Mobile India, Foxconn Technology, Apple, Technology, Technology India Mega Development Locations: Tamil Nadu, India, Technology India, Maharashtra, China, Karnataka, Telangana

☆ Indian states vote in key test for Modi and rivals ahead of 2024 general election
▼ + stars: | 2023-11-07 | by ( Rupam Jain | ) www.reuters.com time to read: +3 min

[1/2] Indian Prime Minister Narendra Modi attends an Innovation conference with Israeli and Indian CEOs in Tel Aviv, Israel, July 6, 2017. Modi and leaders of the main opposition Congress party headed by Rahul Gandhi have criss-crossed the five states, addressing campaign rallies and promising cash doles, farm loan waivers, subsidies and insurance covers, among others, to woo voters. But surveys suggest Modi remains popular after a decade in power and will likely win a third term. Votes in all five states will be counted on Dec. 3 and results expected the same day. The elections in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram states are mainly a contest between BJP and Congress.

Persons: Narendra Modi, Oded, Narendra Modi's, Modi, Rahul Gandhi, Gandhi, Raman Singh, Singh, Sachin, YP Rajesh, Simon Cameron, Moore Organizations: Indian, REUTERS, Modi's Bharatiya Janata Party, Developmental Inclusive, BJP, Congress, Reuters, YP, Thomson Locations: Tel Aviv, Israel, DELHI, Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Mizoram

☆ Indian States Vote in Key Test for Modi and Rivals Ahead of 2024 General Election
▼ + stars: | 2023-11-06 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Rupam JainNEW DELHI (Reuters) - Two of five Indian states due to elect new legislatures this month began voting on Tuesday, a big test of Prime Minister Narendra Modi's chances of winning a third term in a national election due by May. Modi and leaders of the main opposition Congress party headed by Rahul Gandhi have criss-crossed the five states, addressing campaign rallies and promising cash doles, farm loan waivers, subsidies and insurance covers, among others, to woo voters. But surveys suggest Modi remains popular after a decade in power and will likely win a third term. Votes in all five states will be counted on Dec. 3 and results expected the same day. The elections in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram states are mainly a contest between BJP and Congress.

Persons: Narendra Modi's, Modi, Rahul Gandhi, Gandhi, Raman Singh, Singh, Sachin, YP Rajesh, Simon Cameron, Moore Organizations: DELHI, Modi's Bharatiya Janata Party, Developmental Inclusive, BJP, Congress, Reuters, YP Locations: Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Mizoram

☆ Palm oil buying lifts India's August edible oil imports to record -dealers
▼ + stars: | 2023-09-04 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +2 min

Workers prepare oil palm seedlings at a nursery in Khammam district, in southern state of Telangana, India, July 12, 2022. India's average monthly edible oil imports in the 2021/22 marketing year were 1.17 million tons, trade body Solvent Extractors' Association of India (SEA) said. Palm oil imports increased from 1.09 million tons in July to 1.12 million tons in August, the highest in nine months, according to average estimates from the dealers. Sunflower oil imports jumped by 11.5% from a month earlier to 365,000 tons, the highest in seven months, while soyoil imports edged up 3.7% to 355,000 tons, dealers estimated. India buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine.

Persons: Rajendra, Rajesh Patel, Sandeep Bajoria, refiners, Rajendra Jadhav, Jamie Freed Organizations: REUTERS, Rights, Reuters, Association of India, SEA, GGN Research, Sunvin, Thomson Locations: Khammam district, Telangana, India, Rights MUMBAI, Indonesia, Malaysia, Thailand, Argentina, Brazil, Russia, Ukraine, Kandla, New Delhi

The government said it was imposing the ban after retail rice prices climbed 3% in a month as late monsoon rains damaged crops. While a late monsoon caused a major shortfall of rain up to mid-June, heavy rains since have caused significant damage. India accounts for more than 40% of world rice exports but low inventories mean any cut in shipments will fuel food prices driven up by Russia's invasion of Ukraine last year and erratic weather. His administration has extended a ban on wheat exports after curbing rice shipments in September 2022. "India would disrupt the global rice market with far greater velocity than Ukraine did in the wheat market with Russia's invasion," B.V. Krishna Rao, president of the Rice Exporters Association told Reuters.

Persons: Rice, Narendra Modi, Krishna Rao, Rao, El, Michael Hogan, Jan Harvey, David Evans, Conor Humphries Organizations: Rice, Association, Reuters, El, Farmers, El Nino, Thomson Locations: India, Ukraine, DELHI, Asia, Thailand, Vietnam, New Delhi, Punjab, Haryana, Rice, West Bengal, Bihar, Chhattisgarh, Andhra Pradesh, Telangana, China, Philippines, Hamburg

☆ Why Indian farmers worry despite 'average' monsoon rains
▼ + stars: | 2023-07-18 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +5 min

While average monsoon rains are ordinarily good for Indian farmers, uneven distribution this year has created new worries. ERRATIC DISTRIBUTIONSome northern and north-western states have received excessive rains, while southern and eastern regions have been unusually dry. Only a third of the country has received average rainfall so far this season, according to India Meteorological Department (IMD) data. Meanwhile, about 34% of India has received deficient rains and 32% excessive rainfall, the data shows. Heavy rainfall has damaged newly planted rice crops in northern states such as Punjab, Haryana, Himachal Pradesh and Uttar Pradesh, and many farmers may have to replant.

Persons: El, Rajendra Jadhav, Tony Munroe, Tom Hogue Organizations: India Meteorological Department, Reuters, Farmers, El Nino, Thomson Locations: MUMBAI, India, El Nino, Haryana, Punjab, Gujarat, Himachal Pradesh, Rajasthan, Jharkhand, Bihar, Telangana, Chhattisgarh, Kerala, Uttar Pradesh, Maharashtra, Andhra Pradesh, West Bengal, Karnataka, New Delhi, rapeseed

☆ Apple supplier Foxconn pulls out of $19.5 billion India chip project
▼ + stars: | 2023-07-10 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Lead Apple supplier and global manufacturing powerhouse Foxconn has pulled out of a $19.5 billion joint venture project with a Indian conglomerate Vedanta that would have brought semiconductor and display manufacturing to the Indian state of Gujarat. "Foxconn has determined it will not move forward on the joint venture with Vedanta," the Taiwanese company told CNBC. Foxconn said the decision was by "mutual agreement," but that it remained "confident" about India's semiconductor ambitions. Foxconn has broken ground on multiple factory sites across India, although the $20 billion joint venture with Vedanta would have been one of the largest. Foxconn continues to build other factories across India, including one in Telangana and one in Bengaluru.

Persons: Foxconn, Narendra Modi's, Vedanta Organizations: Apple, Foxconn, Vedanta, CNBC, U.S Locations: Mumbai, India, Gujarat, China, U.S, Telangana, Bengaluru

☆ Amazon's cloud unit to invest $13 billion in India by 2030
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

The latest investment will be used to build its cloud infrastructure in India and it will support over 100,000 full-time jobs annually, AWS said. AWS' total planned investment in India adds up to about $16.4 billion by 2030, the company said in a statement. The cloud platform offers more than 200 services, including storage, robotics and artificial intelligence. The country is currently in the process of drafting a cloud and data center policy to oversee the sector. A host of global companies, including Microsoft Corp (MSFT.O) and Alphabet Inc's (GOOGL.O) Google are ramping up cloud investments in India, betting on the rising digital consumption in one of the fastest-growing markets.

☆ Factbox: Amazon to Walmart, investors in India boost Modi ahead of vote
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

AMAZONAmazon Web Services said it planned to invest $13 billion in India by 2030 to build its cloud infrastructure and create thousands of jobs. APPLE (AAPL.O)The U.S. tech giant launched its first company-owned store in Mumbai last month and then another in New Delhi. CISCO SYSTEMS (CSCO.O)The U.S. networking equipment maker will begin manufacturing from India as it looks to diversify its global supply chain. It has set a target of $1 billion in production and exports from India over the next few years. WALMART (WMT.N)The retail giant's CEO met Modi this month and reiterated that the company planned exports from India worth $10 billion a year by 2027.

☆ Apple supplier Foxconn to invest $500 mln in India's Telangana state
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File PhotoBENGALURU, May 15 (Reuters) - Apple Inc (AAPL.O) supplier Foxconn (2317.TW) will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the state's IT minister said on Monday. loadingReuters in March reported that Foxconn had won an order to make AirPods for Apple and planned to build a factory in India to manufacture the products. Apple has been shifting production away from China, where prior COVID restrictions disrupted the manufacturing of new iPhones and other devices. Foxconn in late March received approval from the Karnataka government for a $968 million investment in the state. Reporting by Chris Thomas in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Apple supplier Foxconn breaks ground on $500 million India factory
▼ + stars: | 2023-05-15 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

(Photo by Arun SANKAR / AFP) (Photo by ARUN SANKAR/AFP via Getty Images)Taiwan-based Foxconn has broken ground on a new $500 million factory in the Indian state of Telangana just under a month after Apple CEO Tim Cook met with Indian Prime Minister Narendra Modi. Foxconn is one of Apple 's largest suppliers and directly produces a reported 70% of the world's iPhone supply. The new Telangana factory will employ 25,000 workers "in the first phase," according to a tweet from the government of Telangana. Foxconn did not immediately respond to a request for comment on the discrepancy on when a deal was reached. Bloomberg previously reported on Foxconn's effort to build another factory in the Indian state of Karnataka, just outside of Bengaluru.

☆ Column: India's pledge to stop new coal power plants to hit key states
▼ + stars: | 2023-05-09 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

IN CONSTRUCTIONThe new proposals make clear that whatever coal capacity is already under construction in India will proceed. A total of 32,000 megawatts of new coal power is currently being built in India, according to the Global Energy Monitor (GEM). India coal capacity under constructionOnce completed, that would boost current operating capacity by close to 14%, and lift total Indian coal capacity to beyond 266,000 MW, GEM data shows. Alongside the widespread swell in coal capacity is even faster growth in renewables energy supply capacity across India. Proponents of immediate cuts to coal power use may be disappointed that several new coal projects will still emerge.

The off-balance sheet borrowings incurred after fiscal year 2021 will continue to be adjusted over the next three financial years, said one of the sources. However, from here on, any new off-balance sheet borrowings will be adjusted in the same year or the year after they have been incurred, the source added. In one year, the adjustment from borrowing requirements will not be more than 0.25% of gross state domestic product, said a the second source. Reuters GraphicsLower market borrowing by state governments was one factor that helped keep federal government bond yields in check in 2022-2023. State governments also had high cash balances at the start of the previous year, which helped bring down borrowings, said ICRA.

☆ Ex-Intel chief architect explores data center deals for AI startup in India
▼ + stars: | 2023-04-05 | by ( Chavi Mehta | ) www.reuters.com time to read: +2 min

BENGALURU, April 5 (Reuters) - Intel Corp's (INTC.O) former chief architect Raja Koduri is in talks with Hiranandani-backed data center operator Yotta for a deal for his generative artificial intelligence startup, which he said will have a big presence in India. Koduri, who has worked on nearly two dozen generations of computer graphics chip, plans to build local data centers to ease the access to massive computing power needed for generative AI tools. Generative AI refers to technology such as ChatGPT that can use prompts to whip up haikus, essays and images. The southern state of Karnataka and Telangana have been "very supportive", he said, adding that subsidies on electricity will be crucial as data centers are power guzzlers. He is also joining the board of AI chip startup Tenstorrent, led by veteran chip architect Jim Keller, who led the design of Tesla's (TSLA.O) self-driving chip in 2016.

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