Israel sees gradual transition to next phase of Gaza operations
U.S. Defense Secretary Lloyd Austin said that he was not in Israel to dictate any timeline or terms for Israel's military campaign, but he did discuss making the transition to lower intensity operations. Key Points
Economic TimesHow to help your toddler with anxiety during big changes
It's normal for children and toddlers to feel anxiety with big life changes, such as divorce and changing schools. Here's how to help them through it. Key Points
InsiderTCS investing significantly in building AI capabilities: Chairman
Advancements in Artificial Intelligence (AI) have made AI transition a central focus and impact of AI and Machine learning was going to be profound, said Tata Consultancy Services Ltd. (TCS) Chairman N. Chandrasekaran. Key Points
The HinduPolicies and People | Solar: India doing well, but states must address barriers
Karnataka and Gujarat are making the most progress in preparedness and commitment to the transition to clean electricity. Laggard states need to shape up. Key Points
Hindustan TimesEV ecosystem is equally important if not more: 4 auto ancillary stocks with upside potential of up to 32%
It might surprise some, but years before a new car or motorcycle is launched, automakers go in huddle with their backend supplier to finalize the supply chain management of components which will go in that new car or the bike. Until the component supply chain is not planned and perfected, things are not taken forward. Such is the importance of the backend component supplier which are more commonly known as auto ancillary units. Now there is a major transition taking place in the Automobile sector with EV coming close to that inflection point. So a transition is bound to take place in the auto ancillary sector. Key Points
Economic Times
India may halve Budget support to state-run oil firms for energy transition
Modi government had set aside Rs 35,000 crore in the 2023-24 budget for “priority capital investments towards energy transition and net zero objectives, and energy security.” This included Rs 30,000 crore to be allocated to state-owned fuel retailers, with the rest earmarked for strategic petroleum reserves. Key Points
Economic TimesIndia needs $540 billion investment by 2029 to meet renewable targets: S&P Global Ratings
India is targeting to cut its emissions to net zero by 2070. In the transition to that, it is targeting 500 gigawatts (GW) of non-fossil electricity capacity, half of the energy from renewables, a reduction of emissions by one billion tonne and an emissions intensity of the GDP by 45 per cent by 2030. Key Points
FinancialexpressIndia's net zero emissions target by 2070 little too long-term: Hardeep Puri
Indian Union Minister Hardeep Singh Puri stated that achieving the net zero emissions target by 2070 is too long-term, indicating that India may achieve the milestone ahead of the deadline. He mentioned that for GAIL, BPCL, and others, the energy transition target is set between 2035 and 2040. Puri emphasized that India's energy transition will first shift from fossil-based fuels to cleaner options and then to renewables. He also highlighted that global uncertainties, like the Israel-Palestine conflict, can accelerate the transition to biofuels and renewables. Key Points
Economic TimesTreading the electric truck transition
The Indian EV ecosystem is evolving and the niche e-MHDT segment has just started to take root. A lack of e-truck models in heavier segments, high upfront cost, range anxiety to users due to inadequate charging infrastructure in long-haul operations etc are key barriers to the transition. Key Points
Economic TimesAt G-20 energy meet, PM Modi says India has shown leadership in climate action
"India is making great efforts in green growth and energy transition. India is the most populated nation and fastest-growing large economy. Yet we are moving strongly on our climate commitments," PM Modi said. Key Points
India Today
Centre flags low transition rates in Chandigarh govt schools during PAB meeting
As per the Unified District Information System for Education Plus (UDISE+) report, the transition rate has declined from 79.8% for boys and 80.2% for girls in the 2019-2020 academic session to 77.8% for boys and 78.9% for girls in the 2020-2021 academic session Key Points
Hindustan TimesIndia needs $540 bn investment by 2029 to meet renewable targets: S&P Global Ratings
India needs USD 540 billion of investment between 2020 and 2029 to meet its ambitious targets for electricity generation from renewable sources, S&P Global Ratings said on Thursday as it saw private-sector-led energy transition entering a new phase. India is targeting to cut its emissions to net zero by 2070. Key Points
Economic TimesNext 6 months, Indian markets could outperform or surprise on the upside: Abhishek Basumallick
“We have fairly large positions in the railways, in capital goods, some in pharma and more as a turnaround story. I like banks and NBFCs. MFIs have been doing really well. So, essentially the infrastructure related, real estate infrastructure, capital goods, railways, is the space where things are looking really interesting.” Key Points
Economic TimesAfter my gender transition, I became susceptible to harassment. I quickly learned being a woman in public could be terrifying.
Abby Jo Morris doesn't regret transitioning, but now that she passes as a woman, men often harass her when she's in public. She says it's horrifying. Key Points
InsiderSophie Turner shares Instagram video for the first time after divorce from Joe Jonas
In the video, Sophie Turner emphasized the need to transition to renewable energy and highlighted the Positive Power Plan as a viable solution. As a #PositivePowerPartner, she urged her followers to join her in encouraging government and industry decision-makers to support environmentally sustainable practices. Key Points
Economic Times
There should be realistic green ratings to assess actual environmental impact of projects: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das has called for realistic green ratings reflecting the actual environmental impact of projects to avoid green-washing and ensure developing countries get adequate funds. Das believes that such ratings are needed to address physical as well as the transition risks of climate change. Key Points
Economic TimesHow to get your kids ready to go back to school without stress - 5 tips from an experienced school counsellor
Indiana, August 9 The shift from summer vacation to going back to school can be tough for children and their families. Beyond adjusting to new routines, the transition requires handling a mix of emotions. While some kids might feel excited... Key Points
The TribuneAs a trans woman, the gym and locker rooms can be terrifying. Here's how I overcame some of my fears.
Summer Tao was nervous to change in a gym locker room after transitioning. She leaned on her girlfriend for support and guidance. Key Points
InsiderShell's vision aligns with that of PM Modi for India's energy sector, says chief executive officer Wael Sa
In an interview with ET, Shell CEO Wael Sawan expressed concerns about rising political and social polarization worldwide, citing its impact on policy stability and investment risks in the energy sector. He emphasized that Shell's energy transition trajectory will be driven by economics, regardless of political changes, although policy shifts can affect investor confidence. Key Points
Economic TimesPredictions for 2024: Need aggressive action to meet green targets, says Amitabh Kant
In 2024, popularisation of solar rooftops must be undertaken in mission mode. This is Indias big opportunity. Despite successes in renewable energy, we have been unable to make a breakthrough in solar rooftops. Many state electricity regulatory commissions (SERCs) have not yet adopted gross-metering. With gross-metering, consumers will be able to sell excess electricity generated back to the grid, reducing their power bills. Furthermore, the power generated through solar rooftops will be consumed locally, reducing transmission and distribution losses. Key Points
Economic Times
India should build manufacturing economy greener than China's, says Tata Steel CEO Narendran
Tata Steel CEO T V Narendran emphasised the need for India to build a greener manufacturing economy than China. Speaking at the AIMA Convention, he warned that India risks losing market share if it doesn't transition quickly to green manufacturing, especially with mechanisms like the EU's carbon border adjustment tax on imports. Key Points
Economic TimesStaying away from Paytm, focusing on PSUs: Chakri Lokapriya
“Unsecured lending has become an RBI focus and therefore some of the loan growth rates will taper down and they will have to do a certain amount of cherry picking within their customer base to reinvent the quality of the book so that it does not become an NPA in the future. Meanwhile, we stay on the sidelines in Paytm and the likes of Paytm.” Key Points
Economic TimesDeal wins make us extremely bullish for FY2025: Warren Kevin Harris, Tata Tech
Tata Technologies CEO Warren Kevin Harris mentioned that the company's Q3 services revenues were impacted by a customer transition in Southeast Asia. The development of two electric vehicles for a customer is nearing completion, resulting in a reduction in headcount. While some impact is expected to continue in Q4, the company remains optimistic for fiscal year 2025 due to deal wins and a strong order book. Operational efficiency and lower sub-contracting contributed to a 140 basis point expansion in EBITDA margin in Q3. Key Points
Economic TimesWhat AI can do to science will be most interesting: Satya Nadella
International Business News: Discover the potential of AI in accelerating scientific advancements and its impact on various fields such as energy transition and cancer detection. Gain insights from Satya Nadella, CEO of Microsoft, on the future of AI in science. Key Points
Times Of IndiaGermany buys stake in EnBW's high voltage grid for $1.1 bln
Germany has acquired a minority stake in local utility EnBW's (EBKG.DE) high-voltage business, the company said on Friday, firming up its grip on critical energy infrastructure in a bid to speed up the country's energy transition. Key Points
Reuters
Changing for the new order of EV? 5 auto ancillary stocks with upside potential of up to 32%
While the whole focus of transition to EV space has been on auto companies. The fact is that any auto company cannot make transition till the time its own supply chain, which essentially are auto ancillary companies make that transition. While there are some auto ancillary that cannot make that change because their products are not required in an EV, there are others who had to make the modification to adjust it to what is likely to be the future. We take a look at companies where analysts are projecting further upside in the next 12 months. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list. Key Points
Economic Times400,000 coal staff, mostly in India & China, to lose jobs as world shuns the dirty fuel
A new report from Global Energy Monitor predicts that the transition away from coal in the energy system will result in the loss of 100 mining jobs per day through 2035, mostly in China and India. By 2050, the global coal mining job losses are expected to rise to nearly 1 million, as wind and solar power become more affordable. To mitigate the social impact of layoffs, the report suggests giving ex-miners priority for job opportunities related to mine shutdowns, such as land rehabilitation and environmental mitigation. Key Points
Economic TimesI'm a CEO, and I came out as trans at 56 to my employees via email. The reaction was mixed.
When the CEO revealed she's a trans woman, some employees hugged her, while others just stared. It ultimately helped the workplace. Key Points
InsiderBan diesel four-wheelers in India's big cities by 2027, says energy transition panel
India should ban diesel four-wheelers in cities with populations of over a million by 2027 and double the share of grid power in the national energy basket to 40% by 2035, according to the Energy transition Advisory Committee of India's petroleum ministry. The committee also suggested setting up a group of minister from energy-supplying ministries and a larger committee of secretaries with members from energy-consuming institutions to create a roadmap that can be adopted by stakeholders. The report said diesel city buses should not be added in urban areas and suggested encouraging the use of electric and natural gas transportation. Key Points
Economic TimesSouth Indian Bank MD on not opting for reappointment & transition to new leadership
Murali Ramakrishnan, MD and CEO of South Indian Bank, has announced that he will not seek re-appointment when his tenure ends in September. Ramakrishnan explained that his decision was purely personal, and that he had finished implementing organisational changes that would keep the bank running smoothly until his tenure ends. He added that he would spend the next six months ensuring a smooth transition for his successor, who must manage challenges created by changes in the banking sector . Key Points
Economic Times