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India is positioning itself to become a global player in the rapidly expanding fields of artificial intelligence (AI) and chip manufacturing. Experts believe the country’s entry into the AI space, akin to the emergence of China’s DeepSeek, will be driven by strategic public-private partnerships within the next 4-5 years. Kunal Bahl, co-founder of Titan Capital and a prominent entrepreneur, emphasized this potential growth in a conversation about India&
India is positioning itself to become a global player in the rapidly expanding fields of artificial intelligence (AI) and chip manufacturing. Experts believe the country’s entry into the AI space, akin to the emergence of China’s DeepSeek, will be driven by strategic public-private partnerships within the next 4-5 years. Kunal Bahl, co-founder of Titan Capital and a prominent entrepreneur, emphasized this potential growth in a conversation about India&
Reliance Jio has announced a significant partnership with SpaceX to introduce Starlink’s satellite internet services in India. This collaboration aims to improve digital connectivity across the country, particularly in underserved and remote areas. The move is contingent on SpaceX securing the necessary regulatory approvals to sell Starlink services in India. Once approved, Jio will distribute Starlink services through its extensive network of stores and online platforms. The partnershi
Reliance Jio has announced a significant partnership with SpaceX to introduce Starlink’s satellite internet services in India. This collaboration aims to improve digital connectivity across the country, particularly in underserved and remote areas. The move is contingent on SpaceX securing the necessary regulatory approvals to sell Starlink services in India. Once approved, Jio will distribute Starlink services through its extensive network of stores and online platforms. The partnershi
Reliance Jio Infocomm Ltd., India's largest telecom operator, experienced a loss of about 1.65 crore subscribers over the past four months, with 37.6 lakh mobile subscribers leaving the platform in October alone. Vodafone Idea also saw a decline of 19.3 lakh subscribers in October, a bigger loss than the 15.5 lakh subscribers lost the previous month, according to the latest data from the Telecom Regulatory Authority of India (TRAI). These losses come after the tariff hikes announced earli
Reliance Jio Infocomm Ltd., India's largest telecom operator, experienced a loss of about 1.65 crore subscribers over the past four months, with 37.6 lakh mobile subscribers leaving the platform in October alone. Vodafone Idea also saw a decline of 19.3 lakh subscribers in October, a bigger loss than the 15.5 lakh subscribers lost the previous month, according to the latest data from the Telecom Regulatory Authority of India (TRAI). These losses come after the tariff hikes announced earli
In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine.
The deal is set to begin in January and will involve monthly deli
In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine.
The deal is set to begin in January and will involve monthly deli
The Solar Energy Corporation of India (SECI) has issued a show-cause notice to Reliance Power Ltd. for allegedly submitting a fake bank guarantee in a recent tender bid. The bid, submitted by Reliance NU BESS, a subsidiary of Reliance Power, was for the establishment of a 1,000 MW/2,000 MWh energy storage system. SECI’s investigation revealed that the bank guarantee, purportedly issued by FirstRand Bank’s Manila branch, was fraudulent, as no such branch
The Solar Energy Corporation of India (SECI) has issued a show-cause notice to Reliance Power Ltd. for allegedly submitting a fake bank guarantee in a recent tender bid. The bid, submitted by Reliance NU BESS, a subsidiary of Reliance Power, was for the establishment of a 1,000 MW/2,000 MWh energy storage system. SECI’s investigation revealed that the bank guarantee, purportedly issued by FirstRand Bank’s Manila branch, was fraudulent, as no such branch
Solar Energy Corporation of India Ltd. (SECI) has debarred Reliance Power Ltd. and its subsidiary Reliance NU BESS Ltd. (formerly Maharashtra Energy Generation Ltd.) from bidding in any future SECI tenders for the next three years. This decision comes after SECI discovered that the company had submitted fake bank guarantees during the bidding process for a 1 gigawatt solar power and 2 gigawatt battery energy storage system project.
The Incident: Fake Bank Guarantees in SECI Tender
Solar Energy Corporation of India Ltd. (SECI) has debarred Reliance Power Ltd. and its subsidiary Reliance NU BESS Ltd. (formerly Maharashtra Energy Generation Ltd.) from bidding in any future SECI tenders for the next three years. This decision comes after SECI discovered that the company had submitted fake bank guarantees during the bidding process for a 1 gigawatt solar power and 2 gigawatt battery energy storage system project.
The Incident: Fake Bank Guarantees in SECI Tender
