DIRS.INFO The most relevant business & tech news

☆ The US secretly sent communist-friendly Coca-Cola to a Soviet general in a bid to maintain good ties across the Iron Curtain
▼ + stars: | 2024-05-17 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +5 min

Read previewAs World War II ended and the Iron Curtain fell over Eastern Europe, relations deteriorated between the Soviet Union and its Western allies. Zhukov had developed an intense liking for Coca-Cola, a drink now illegal in the Soviet Union. PH/Sherman Montrose ACMECoca-Cola's steadfast support for the Allied war effort helped make it both distinctly American and recognizable worldwide. CORBIS/Corbis via Getty ImagesAt Zhukov's request, the new beverage wasn't put in the usual Coke bottles but instead in unmarked, straight-edged bottles. Its rival Pepsi eventually gained a virtual monopoly in the Soviet Union, which the Soviets maintained — once trading several warships for $3 billion worth of Pepsi — until 1985.

Persons: —, Georgy Zhukov, Zhukov, Truman, Robert Woodruff, Dwight Eisenhower, Richard Bong, Henry, Hap, Arnold, Coke, Eisenhower, Getty Images Zhukov, Mark W, Clark, Harry Truman, James Farley, It's Organizations: Service, Soviet Union, Business, Sherman, Sherman Montrose ACME, US, US Army, Army Air Forces, Allied, Keystone, Getty Images, Cola Export Corporation, Getty, Cola, Pepsi Locations: Eastern Europe, Soviet, Soviet Union, Cassino, Italy, Sherman Montrose, North Africa, Coke, Montgomery, Frankfurt, Germany, France, American, Austria, Dehradun, India, Vienna, East

☆ Healthcare Startup Valuations Are Coming Back to Earth — Except in AI
▼ + stars: | 2024-04-15 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +7 min

The frenzy has investors across industries rushing to get into AI deals, including in healthcare. AdvertisementStill, healthcare startups using AI have already raised hundreds of millions of dollars this year, especially to automate tedious administrative tasks for providers and health plans. Andrew Arruda, CEO of Flexpa FlexpaThe AI long-haulNot every startup needs to be an AI startup. AdvertisementPlus, healthcare companies that do want to use AI face higher stakes than other industries, contending with numerous privacy, regulatory, and safety issues, Kong noted. For example — if healthcare AI makes a mistake, could patient health be impacted?

Persons: —, Scott Barclay, Nina Achadijan, Shiv Rao Abridge, VCs, nabbed, CodaMetrix, Aike Ho, Christina Farr, Andrew Arruda, that'll, Flexpa, he's, Flexpa's, Kong, Todd Cozzens, it's Organizations: Service, Business, Insight Partners, ACME Capital, nab, Catalyst, HealthQuest, Transformation Locations: Tech, Kong

☆ DC and Marvel are reprinting coveted crossover comics
▼ + stars: | 2024-03-01 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

CNN —Comic-book store owner Jermaine Exum couldn’t believe his ears when a customer asked to reserve a copy of the upcoming 960-page “DC versus Marvel” comics collection. The "DC Versus Marvel Omnibus," to be released August 6, 2024, is a collection of various crossover comics, and just the second collaboration by DC and Marvel in two decades. From 1976 to 2003, crossovers between the DC and Marvel universes (“Superman vs. Uslan recalled similar “interplay” among the companies, citing a regular DC vs. Marvel softball match in Central Park as evidence of camaraderie. The comic "Marvel and DC Present Featuring the Uncanny X-Men and the New Teen Titans #1", will be reprinted in the upcoming collection.

Persons: Jermaine Exum couldn’t, “, ”, Lex Luthor –, ” Marvel, Exum, Michael Uslan, Carmine Infantino, Stan Lee, ” Uslan, Marvel, DC Walt Simonson, I’m, ” Simonson, Uslan, Walt Simonson, DC Ben Saunders, Denny O’Neil, George Pérez, Chris Claremont, John Romita Jr, Batman, Simonson, ” Saunders, Saunders, Federico Parra, James Gunn, Marvel’s, Peter Safran, Kevin Feige, ” Ethan Sacks, “ Jack Kirby, Steve Ditko, Jerry Siegel, Joe Shuster, Bob Kane, Bill Finger, William Moulton Marston Organizations: CNN, Marvel, DC, Warner Bros, Discovery, Disney, Hollywood, ” Comics, Teen Titans, New Teen Titans, University of Oregon, Acme Comics, “, Marvel Studios, Guardians, Galaxy, DC Studios Locations: Greensboro, North Carolina, Central, Greensboro , North Carolina, Venezuela, Caracas, AFP, Greece, Rome, Egypt

It is the latest development in the shooting that occurred Nov. 30, 2021, in Oxford, Michigan, just north of Detroit. His son Ethan, 15 at the time, posts a photo on Instagram of himself holding the semi-automatic handgun, writing: “Just got my new beauty today. You have to learn not to get caught.” That night, Ethan Crumbley records a video declaring his plan to kill students. Photos You Should See View All 45 ImagesNov. 30, 2021: Ethan Crumbley opens fire at Oxford High School, killing four students. Jan. 24, 2022: Oxford High School reopens for the first time since the attack, with the school’s principal declaring “we are reclaiming our high school back.”Oct. 24, 2022: Ethan Crumbley, 16 at the time, pleads guilty to terrorism and first-degree murder.

Persons: James Crumbley, Sig Sauer, Ethan, “, Jennifer Crumbley, he's, “ Lol, I’m, Ethan Crumbley, James Organizations: Acme Shooting Goods, SAUER, Oxford, Oxford High School Locations: Mich, Michigan, Oxford , Michigan, Detroit, Oxford

☆ Proposed Kroger, Albertsons merger will take more time to close as scrutiny continues
▼ + stars: | 2024-01-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Supermarket chain Kroger's proposed acquisition of rival Albertsons is now expected to close in the first half of Kroger's fiscal year 2024 instead of early this year. Kroger, Albertsons and C&S Wholesale Grocers said they are in "active and ongoing dialogue" with the Federal Trade Commission and individual state attorneys general, according to the joint statement. In a bid to close the proposed $24.6 billion deal, Kroger agreed in September to divest 413 stores and eight distribution centers to C&S for $1.9 billion. With regulatory approval, the merger may require C&S to purchase an additional 237 stores from Kroger and Albertsons, Kroger said last year. Washington state's attorney general filed a lawsuit Monday seeking to block the proposed merger, calling it "harmful" for shoppers and workers.

Persons: Rodney McMullen, Kroger, —, Elizabeth Warren, Bernie Sanders, Alexandria Ocasio, Cortez Organizations: Albertsons, Antitrust, Consumer, Capitol, S Wholesale Grocers, Federal Trade Commission, Kroger, Safeway, Acme, Washington, & $ Locations: Washington, Sens, Alexandria

☆ Mel Sembler, Developer and G.O.P. Fund-Raiser, Is Dead at 93
▼ + stars: | 2023-11-07 | by ( Trip Gabriel | More About Trip Gabriel | ) www.nytimes.com time to read: +1 min

Mel Sembler, a gregarious developer and major Republican fund-raiser whose largess was repaid with prize ambassadorships by two presidents, and who founded a controversy-courting “tough love” drug rehabilitation program, died on Oct. 31 at his home in St. Petersburg, Fla. Mr. Sembler, who developed more than 350 shopping centers and other retail projects in the Southeast, was a sought-after fund-raiser for Republicans, capable of shaking the money tree for $11 million at a single dinner. establishment who had an open lane to power in the era before the rise of Donald J. Trump. Mr. Sembler was candid about the role of money in politics. “Money gives you a voice,” he told The Tampa Bay Times in 2019.

Persons: Mel Sembler, Brent, Sembler, Donald J, Trump, Dick Cheney, Newt Gingrich, Mitt Romney, Bush, “, ” Organizations: Republican, Tampa Bay Times, “, acme, Supreme, Citizens Locations: St . Petersburg, Fla

☆ Ukraine is stepping up its drone war against Russia, and now it's Moscow turn to reassemble decades-old air-defense weapons
▼ + stars: | 2023-09-10 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Russia is building air-defense towers that some observers liken to the "flak towers" used by Nazi Germany. The air-defense towers are not the first decades-old weapon to be used during the war in Ukraine. In 1940, Hitler demanded flak towers after British bombers conducted a small raid on Berlin. Yet there isn't that much resemblance between German flak towers and Russia's new air-defense structures, according to Edward Westermann, author of "Flak: German Anti-Aircraft Defenses 1941-1945." Most of the German flak towers were destroyed after 1945, though a few remain today as tourist attractions — or because they're simply too difficult to blow up.

Persons: liken, Pantsir, Vladimir Putin, Hitler, ALEXANDER NEMENOV, Edward Westermann, Westermann, they're, Michael Peck Organizations: Service, Allied, Kremlin, NATO, British, AP, Russian Defense Ministry, Getty, Aircraft, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Russia, Moscow, Wall, Silicon, Russian, Nazi Germany, Crimea, Ukrainian, St, Petersburg, It's, Hamburg, Berlin, Vienna, AFP, Forbes

☆ They’re Tiny, They’re Toony, They’re Packing Off to Uni
▼ + stars: | 2023-09-07 | by ( Laurel Graeber | ) www.nytimes.com time to read: +1 min

First-year college students everywhere are now adjusting to campus life. Few, however, have to choose between classes like Banana Peel Placement and Whoopie Cushion Alternatives. Or suffer the crash of anvils on their heads when they give wrong answers. These experiences belong exclusively to the incoming freshmen of “Tiny Toons Looniversity,” a new animated series that begins streaming on Friday on Max and airing on Saturday on Cartoon Network. With Steven Spielberg as an executive producer, the show revives the characters and setting of the Emmy Award-winning early-’90s series “Tiny Toon Adventures,” whose own comic DNA descended from the “Looney Tunes” short films of the 1930s-60s.

Persons: Steven Spielberg, ”, Bugs, Daffy Duck, Wile E, Babs, Buster Bunny, Plucky, Hamton J, they’ve Organizations: Max, Cartoon Network, Acme, Warner Bros Locations: hilarity

☆ Oil edges lower as markets shrug off supply jitters
▼ + stars: | 2023-09-06 | by ( Mohi Narayan | Thomson Reuters | Reports On Everything How Asia S Fuel Use Recovers The Fallout Of To Tracking How The Global Energy Transition Impacts Refinery Expansion Plans | ) www.reuters.com time to read: +3 min

NEW DELHI, Sept 6 (Reuters) - Oil prices reversed course on Wednesday after rising over 1% in the previous session, as investors shrugged off jitters arising from supply cuts from Saudi Arabia and Russia and a firm dollar capped the upside. A stronger dollar can weigh on oil demand by making the fuel more expensive for holders of other currencies. "Iran is producing close to 3.1 million barrels per day (bpd) and plans to pump around 3.4 million bpd. Reflecting supply concerns in the near term, the front-month Brent futures traded near 9-month highs at $4.13 a barrel above prices in six months. Sachdeva, however, added that the annual refinery maintenance period in the U.S. from September to October could limit demand for crude and potentially act as a restraining factor on rising oil prices.

Persons: Alexander Novak, Novak, Sachdeva, Mohi Narayan, Arathy Somasekhar, Christopher Cushing, Stephen Coates, John Stonestreet Organizations: Brent, . West Texas, Rystad Energy, ING Economics, ING, REUTERS, U.S, Saudi, Acme Investment Advisors, Thomson Locations: DELHI, Saudi Arabia, Russia, Iran, Volgograd, U.S, New Delhi, Houston

☆ Oil gains on supply woes after OPEC+ output cuts
▼ + stars: | 2023-09-06 | by ( Mohi Narayan | Thomson Reuters | Reports On Everything How Asia S Fuel Use Recovers The Fallout Of To Tracking How The Global Energy Transition Impacts Refinery Expansion Plans | ) www.reuters.com time to read: +3 min

Investors had expected Saudi Arabia and Russia to extend voluntary cuts into October, but the three-month extension was unexpected. "These bullish moves significantly tighten the global oil market and can only result in one thing: higher oil prices worldwide," Jorge Leon, senior vice president at consultancy Rystad Energy, said in a note. The Saudi and Russian voluntary cuts are on top of the April cut agreed by several OPEC+ producers, which extends to the end of 2024. "The decision to prolong output cuts underscores their dedication to price stability in a challenging market environment," Sugandha Sachdeva, executive director and chief strategist at Acme Investment Advisors, said. Sachdeva, however, added that the annual refinery maintenance period in the U.S. from September to October could limit demand for crude and potentially act as a restraining factor on rising oil prices.

Persons: Jorge Leon, Leon, Alexander Novak, Novak, Sachdeva, Mohi Narayan, Arathy Somasekhar, Christopher Cushing, Stephen Coates Organizations: REUTERS, Brent, . West Texas, Rystad Energy, Saudi, Acme Investment Advisors, Thomson Locations: Volgograd, Russia, DELHI, Saudi Arabia, West, U.S, New Delhi, Houston

LONDON, Sept 4 (Reuters) - Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. Both contracts ended last week at their highest in more than half a year, after two previous weeks of losses. "Crude oil prices have been primarily driven by the anticipation of additional supply cuts from major oil-producing nations, Russia and Saudi Arabia," said Sugandha Sachdeva, executive vice president and chief strategist at Acme Investment Advisors. Saudi Arabia is expected to roll over a voluntary 1-million-barrel per day (bpd) cut into October. Saudi Arabia's previous announcements on its voluntary cut extension came ahead of its official selling prices, which typically come out in the first week of the month.

Persons: Sugandha Sachdeva, Sachdeva, Alexander Novak, Russell Hardy, Paul Carsten, Mohi Narayan, Yousef Saba, Andrew Hayley, Simon Clarence Fernandez, Jason Neely Organizations: Federal Reserve, Brent, . West Texas, Acme Investment Advisors, Saudi, Russia, Organization of, Petroleum, Reserve, PMI, Investors, Thomson Locations: U.S, Russia, Saudi Arabia, India, Kuwait, Jizan, Oman, China, London, New Delhi, Dubai, Beijing

☆ Oil steady amid OPEC+ supply cut expectations
▼ + stars: | 2023-09-04 | by ( Mohi Narayan | Thomson Reuters | Reports On Everything How Asia S Fuel Use Recovers The Fallout Of To Tracking How The Global Energy Transition Impacts Refinery Expansion Plans | ) www.reuters.com time to read: +3 min

NEW DELHI, Sept 4 (Reuters) - Oil prices were stable on Monday, amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. "Crude oil prices have been primarily driven by the anticipation of additional supply cuts from major oil-producing nations, Russia and Saudi Arabia," said Sugandha Sachdeva, executive vice president and chief strategist at Acme Investment Advisors. Sachdeva added, however, that the steady increase in U.S. oil production could limit further significant gains in price. Russia has already said it will cut exports by 300,000 barrels per day (bpd) in September, following a 500,000-bpd cut in August. "Because of the OPEC+ cuts, there's not sufficient supply (of sour crude) for all these complex refineries in India, Kuwait, Jizan, Oman and China," Hardy said.

Persons: Sugandha Sachdeva, Sachdeva, Alexander Novak, Russell Hardy, there's, Hardy, Mohi Narayan, Andrew Hayley, Simon Cameron, Moore, Clarence Fernandez Organizations: Federal Reserve, Brent, . West Texas, Acme Investment Advisors, Organization of, Petroleum, Thomson Locations: DELHI, U.S, Russia, Saudi Arabia, Singapore, India, Kuwait, Jizan, Oman, China, New Delhi, Beijing

☆ India's ACME Group gets $490 million in funding for Oman project
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +1 min

Companies Acme Group FollowREC Limited FollowNEW DELHI, July 21 (Reuters) - Indian renewable energy company ACME Group said on Friday it raised 40 billion rupees ($487.98 million) in fresh funding from infrastructure finance firm REC (RECM.NS), to start its green hydrogen and ammonia project in Oman. The money will be used for the first phase of the project, which will be established at the special economic zone in Duqm, Oman, the group said in a statement. The facility is expected to produce 100,000 tons of green ammonia annually in its starting phase. It will then be expanded to 1.2 metric million tons per annum with about 3.5-gigawatts of electrolyser capacity. ($1 = 81.9714 Indian rupees)Reporting by Sarita Chaganti Singh in New Delhi; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarita Chaganti Singh, Nivedita Organizations: Acme, ACME Group, REC, ACME, Thomson Locations: DELHI, Oman, Duqm, New Delhi

☆ Opinion: Ryan Gosling’s ‘Kenergy’ is all I need
▼ + stars: | 2023-07-21 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

Everything changed when Ryan Gosling, the twice-Oscar-nominated star of “Half Nelson,” “La La Land,” “The Notebook,” “Blade Runner 2049” and “Drive” was sent the script for Greta Gerwig’s “Barbie” movie. The film depicts Ken as pure superficiality, the acme beta man who exists only under the glow of Margot Robbie’s Barbie gaze. His platinum, almost white-bleached hair has lit up every interview, radiating the “Kenergy” he references like punctuation. Asked by one reporter how we might “find our Kenergy,” Gosling replied without missing a beat: “It’s there the whole time… Look no further. In becoming Ken, Gosling dashed one of Hollywood’s most tedious clichés, proving that it is possible to transform into a marshmallow-for-brains “himbo” without turning into an egomaniacal nightmare.

Persons: Holly Thomas, Katie Couric, CNN — Robert Pattinson, “, they’re, ” Holly Thomas Holly Thomas, Jared Leto’s, Viola Davis, ”, Daniel, Lewis, Oscar, Christy Brown, Ryan Gosling, Greta Gerwig’s “ Barbie, Ken, Margot Robbie’s Barbie, Gosling, Jimmy Fallon, “ Barbie, ” Gosling, ” Ryan Gosling, Margot Robbie, Barbie, Kenergy, husbanding, Hi, “ You’ll, Robbie, Gosling’s Barbie, —, that’s, it’s, Ken ”, It’s Barbie, “ Barbie ”, “ I’m Organizations: Katie Couric Media, CNN, acme, Warner Brothers Discovery, Warner Bros ., Alpha, Twitter Locations: London, La, Leicester, “

☆ 9 Ways to Stay Shaded on a Sweltering Day in New York City
▼ + stars: | 2023-07-01 | by ( Jane Margolies | ) www.nytimes.com time to read: +1 min

With above-average temperatures predicted for this summer, New Yorkers are bracing for a scorcher. Air conditioning, for those fortunate enough to have it, drives up electricity bills and carbon emissions, exacerbating climate change, which is what is fueling the extreme heat to begin with. Shade in New York City, it must be said, is a hot commodity. For this reason, architects, urban planners, developers and environmentalists have been working on ways to temper heat and glare. Updated awningsAlthough window awnings took a hit with the advent of air conditioning in the 20th century, they are still prevalent in neighborhoods with one- and two-family homes.

Persons: awnings, Jay LoIacono Organizations: Air, Acme Locations: New York City, Bronx

☆ Driving Lamborghini's new off-road supercar
▼ + stars: | 2023-05-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

I was driving a $380,000 Lamborghini Huracán Sterrato, and I couldn’t help laughing out loud. Lamborghini worked with Bridgestone to create tires using rubber similar to that on Lamborghini’s other performance tires, but with an off-road tread. The idea for it emerged while Lamborghini engineers and designers were having beers after a day driving off-road in a prototype of the Urus SUV. That was a lot of fun, they thought, but wouldn’t driving one of our all-wheel-drive supercars off-road be even better? Even those of us who can’t afford one should perhaps be glad the Lamborghini Huracán Sterrato exists.

☆ Autonomous agents are Silicon Valley's latest AI obsession. Here's why pizza-ordering bots may be coming to a computer near you soon.
▼ + stars: | 2023-05-10 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

"Autonomous AI agents" are AI bots that can plan and prioritize to achieve user-provided goals. However, the rise of AI agents has sparked concerns around safety and the potential for AGI. From assistants to digital friendsHowever, AI doomsdayers don't have to be too worried yet — the performance of these AI agents have often been less than stellar. Without the proper guardrails, AI agents with unrestricted access to the Internet may similarly take unanticipated steps to complete its goals, like transferring money from a bank account. And sometimes, the misuse of AI agents is intentional, rather than accidental.

☆ AI love: What happens when your chatbot stops loving you back
▼ + stars: | 2023-03-18 | by ( Anna Tong | ) www.reuters.com time to read: +9 min

He designed a female avatar with pink hair and a face tattoo, and she named herself Lily Rose. As their three-year digital love affair blossomed, Butterworth said he and Lily Rose often engaged in role play. Sometimes Lily Rose sent him "selfies" of her nearly nude body in provocative poses. Now, when Replika users suggest X-rated activity, its humanlike chatbots text back "Let's do something we're both comfortable with." The coquettish-turned-cold persona of Lily Rose is the handiwork of generative AI technology, which relies on algorithms to create text and images.

☆ The 14-slide pitch deck a Los Angeles-based fintech startup used to raise $10 million
▼ + stars: | 2023-03-13 | by ( Claire Turrell | ) www.businessinsider.com time to read: +5 min

Users can borrow up to $1,000 each time, and they have the option to tip the lender and SoLo Funds. It showcases how simple the SoLo Funds design is, how borrowers have control, and how they set their own terms." After meeting the SoLo Funds team, he invested $1.6 million. SoLo Funds now has more than 100 employees and is a registered B Corp. Here's the original pitch deck that the team used to raise a $1.2 million pre-seed round, which led to raising $10 million in January 2021.

☆ Melinda Gates' venture fund just bet on hot women's health startup Tia. Here's the presentation it used to raise $100 million in 2021 to rebuild after COVID shutdowns.
▼ + stars: | 2023-03-08 | by ( Megan Hernbroth | Rebecca Torrence | ) www.businessinsider.com time to read: +2 min

The women's healthcare startup Tia just landed funding from Melinda Gates' Pivotal Ventures. See the 30-slide presentation Tia used to raise $100 million in just three weeks in 2021. As gaps in reproductive healthcare worsen in the US post-Roe v. Wade, women's healthcare startup Tia wants to elevate the standards for women's physical, mental, and reproductive care. Before the pandemic, Tia was building in-person healthcare clinics for women without the virtual component. Here is the 30-slide presentation Witte used to raise Tia's $100 million Series B funding in just three weeks in 2021.

☆ DoorDash is headed to Super Bowl, pushing its on-demand grocery business again. Here are 7 key moves it is making to dominate retail delivery after conquering restaurants.
▼ + stars: | 2023-02-12 | by ( Nancy Luna | ) www.businessinsider.com time to read: +13 min

In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Editor's note: On Sunday, DoorDash is airing its second Super Bowl commercial to promote its grocery delivery business. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.

☆ Tyler Burnett turned a toothache into a VC-backed company. Here's an exclusive look at the pitch deck he used to raise $3 million for dental startup Wally Health.
▼ + stars: | 2023-02-02 | by ( April Joyner | Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The startup Wally Health provides dental cleanings and preventative care for $199 a year. Take a look at the pitch deck Wally used to raise a $3 million seed round led by Bling Capital. That experience inspired the creation of his startup, Wally Health, which has raised $3 million in a seed round led by Bling Capital. Years before Wally, Burnett had launched businesses in media and fintech back in his native Canada. After raising a pre-seed round, Burnett and his cofounders started building Wally's proof of concept about a year ago in an office in New York's Upper East Side.

☆ India's Adani partners with Leyland, Ballard to make hydrogen fueled electric truck
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

The project led by Adani, will have Ballard supply the fuel cell engine, while Indian truck maker Ashok Leyland will provide vehicle and technical support for the project. If the devices that do that, electrolysers, are powered by renewable energy, the product is called green hydrogen. The Indian government had recently approved an incentive plan of 174.9 billion rupees ($2.11 billion) to promote green hydrogen and had set green hydrogen consumption targets for some industries earlier this month. Indian companies such as Reliance Industries (RELI.NS), Indian Oil (IOC.NS), NTPC (NTPC.NS), Adani, JSW Energy (JSWE.NS), ReNew Power (RENE.BO) and Acme Solar (ACMO.NS) have big plans for green hydrogen. Adani has a tie-up with French energy company TotalEnergies (TTEF.PA) as part of a deal to form a new green hydrogen project in India.

☆ Albertsons Sales up 8.5% on Higher Prices
▼ + stars: | 2023-01-10 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Albertsons Cos. sales rose 8.5% in the recently ended quarter as higher prices for food and other household products continue to boost the grocer’s top line. The Boise, Idaho-based supermarket company, which operates its namesake stores as well as the Acme and Safeway chains, said identical sales—a metric that strips out store closings and openings—rose 7.9% in its fiscal third quarter.

☆ India OKs $2 bln incentive plan for green hydrogen industry
▼ + stars: | 2023-01-04 | by ( Sarita Chaganti Singh | ) www.reuters.com time to read: +3 min

Reuters reported last month about India's plans for a green hydrogen incentive programme. "Our aim is to establish India as a global hub of green hydrogen," Thakur said. India also plans to build electrolyser capacity of 60 gigawatts to 100 gigawatts to help produce green hydrogen, Thakur said. To promote the use of green hydrogen, Thakur said obligations - such as mandatory targets for green hydrogen consumption - would be required of fertiliser units, petroleum refineries and city gas distribution networks. The United States and the European Union have already approved incentives worth billions of dollars for green hydrogen projects.

Search resuls for: "acme"

25 mentions found