Seoul, Jan 25 (IANS) Foreign ownership of South Korean stocks as a share of total market capitalisation reached its highest level in five years and nine months in January, driven by net purchases in the shipbuilding, defence and nuclear power industries, the main bourse operator said on Sunday.Foreigners’ stock holdings rose to 37.18 per cent of total market capitalisation on January 7, the highest level since April 9, 2020, when the rate was at 37.34 percent, according to data from the Korea Ex…
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Davos, Jan 21 (IANS) IBM Chairman and CEO Arvind Krishna has urged Indian entrepreneurs to build local capabilities across semiconductors, model development and real‑world applications to build stronger “AI sovereignty” in India.Speaking at the World Economic Forum (WEF) annual meeting in Davos, Krishna said smaller, specialised AI models are rapidly closing the gap with large foundational models and now account for nearly 95 per cent of consumption.“The underlying ecosystem whether it’s…
New Delhi, Jan 15 (IANS) Coal-fired power generation decline in both China and India in 2025 for the first time since the 1970s, as the two countries switched to non-fossil energy sources such as solar, wind and hydel to meet the rising electricity demand, according to a report compiled at the Centre for Research on Energy and Clean Air (CREA). Electricity generated by coal plants fell by 1.6 per cent in China and by 3 per cent in India last year, marking “a historic moment” since the early …
New Delhi, Jan 5 (IANS) India is on course to achieve its ambitious target of 500 gigawatts (GW) of non-fossil fuel power capacity by 2030, with a strong pipeline of renewable energy projects already in place, a top government official has said.India currently has around 260 GW of non-fossil fuel capacity, Santosh Sarangi, Secretary at the Ministry of New and Renewable Energy (MNRE) said while speaking to NDTV Profit.This means the country needs to add about 240 GW more over the next few years, …
New Delhi, Dec 28 (IANS) The SHANTI Bill will go down in history as one of the Narendra Modi government’s biggest science reforms as it has broken a six-decade stalemate in the nuclear sector, Union Minister for Science & Technology, Dr Jitendra Singh, said on Sunday.The minister said that the SHANTI (Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India) Bill marks a historic reform in India’s nuclear sector, unlocking its potential for peaceful, clean, and sus…
Washington, Dec 22, (IANS) India’s economic acceleration and digital transformation are reshaping the country at a pace that many outside observers may underestimate, Atul Keshap, President of the US-India Business Council (USIBC), said after a recent visit. Keshap said meetings with cabinet ministers, parliamentarians, experts and business leaders left him with “a clear sense of an India on the move.” He cited India’s 8.2 per cent growth rate and visible transformation across infrastruc…