DEVELOPMENT RESOURCES
Clean Max Enviro Energy pledges Rs 50,000 crore investment in Andhra Pradesh
Clean Max Enviro Energy Solutions has signed an MoU to invest Rs 50,000 crore in Andhra Pradesh. This investment will focus on developing 3GW of integrated power generation facilities using wind and solar energy. The power generated will support a compute factory being established in Kurnool in collaboration with Neysa. Clean Max aims to integrate generation, storage, and distribution to meet rising clean energy demands.
In the 1920s, Utah’s Coal City was planned for 2,600 lots, but only about 200 were sold; the mining company dissolved in 1936
In the early 1920s, George A. Storrs aimed to create a unique mining town in Utah. The planned community was intended for miner-ownership with homes, farms, and essential services. Despite initial excitement, only a small portion of the lots were sold, and the project failed. The Great Western Coal Mines Company went bankrupt in 1936, leading to the town's decline.
'Under no circumstances will we allow that': Minister Anand rebuffs Shivakumar on Mekedatu dam
Tamil Nadu Minister for Rural Development and Water Resources, N Anand, has rejected claims about the Mekedatu dam. Karnataka Chief Minister, D K Shivakumar, asserted that permission from Tamil Nadu is unnecessary. Anand emphasized that under no circumstances will they allow such construction to occur. DMK leader Duraimurugan supported Anand's statements, stressing that no state can independently build a dam on an interstate river.
CleanMax plans ₹50,000-crore investment in Andhra Pradesh to power 2 GW green compute factory
CleanMax Enviro Energy Solutions Ltd has signed an MoU to invest ₹50,000 crore in Andhra Pradesh for developing clean energy. The investment will include 3 GW of renewable capacity and a compute factory in Kurnool district. They plan to ensure round-the-clock electricity through integrated power infrastructure combining wind, solar, and storage systems. Additionally, CleanMax will implement training programs for local youth and upgrade educational infrastructure.
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
India should offer world new development model rooted in tradition: RSS chief Mohan Bhagwat
Mohan Bhagwat called attention to India's heritage of traditional wisdom as a potential blueprint for global progress. He underlined the necessity of achieving equilibrium among human lifestyles, animal health, and environmental integrity. Concurrently, Maharashtra Chief Minister Devendra Fadnavis confronted the agricultural issues arising from climate change, and Union Minister Nitin Gadkari announced the establishment of agriculture and veterinary institutions as vital steps for enhancing local development.
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Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Stubble Burning: BKS seeks MSP for crop residue, withdrawal of fines against farmers
The farmers' organisation has demanded the immediate withdrawal of fines imposed and FIRs registered against farmers over stubble burning
Centre bans export of Li-ion battery waste, scrap to boost domestic recycling and critical mineral recovery
India has imposed an immediate ban on the export of lithium-ion battery black mass to strengthen its local recycling ecosystem. This decision aims to enhance domestic recovery of critical minerals, such as lithium and cobalt, which are vital for technology and energy sectors. The prohibition will ensure that battery waste generated in India is processed locally and improves utilization of recycling capacities.
India needs suitable evaluation matrix for awarding exploration and mining projects: NITI CEO
NITI Aayog CEO Anurag Jain underscored the development of an evaluation matrix for gold mining projects. The focus is on promoting technical competence and sustainable development of gold resources in India. Discussions revolved around improving geological data and regulatory approvals within the mining sector. The meeting also addressed the country's growing dependence on gold imports and limited exploration efforts.
Karnataka plans feasibility studies for 1,500 MW floating solar capacity
Karnataka is currently exploring the establishment of floating solar power projects aimed at generating 1,500 MW capacity. The initiative includes conducting feasibility studies and surveys for suitable reservoirs and water bodies. KPCL will evaluate technical aspects and environmental impacts as part of project preparation. This project reflects the state's commitment to innovative renewable energy solutions while optimizing land and water resources.
How can senior HR leaders prepare themselves to drive enterprise transformation through people?
ISB Executive Education’s 43-week Chief Human Resources Officer Programme equips senior HR leaders with the strategic judgement, business acumen and leadership capabilities to translate human capital into sustained enterprise value.
Delhi teen turns ordinary fans into air purifiers for Rs 140 only, wins the Diana Award 2026. Who is Krish Aggarwal?
Delhi teenager Krish Aggarwal, co-founder of Project Vayu, has developed a Rs 140 filter that turns ordinary fans into air purifiers. Designed for easy installation, the filter captures PM2.5 particles and offers schools an affordable way to improve indoor air quality. The initiative has benefited over 10,000 students and earned Krish the 2026 Diana Award.
India's water journey a model for developing nations: World Bank official
India's water management initiatives, including the Jal Jeevan Mission and Namami Gange Programme, are gaining international recognition. Senior officials at the World Bank have praised these efforts as models for developing countries. The upcoming United Nations Water Conference will highlight India's achievements and encourage knowledge sharing. India is actively preparing for the conference, emphasizing its role in global water security discussions.
No one should be left behind in efforts to tackle climate change: India at COP31
At the ongoing COP31 climate conference in Turkiye, India highlighted the urgent need for equity in climate action. The country reaffirmed its commitment to addressing adaptation needs, especially for the Global South. India called attention to the critical role of public finance from developed nations in supporting developing countries. Additionally, India's statement emphasized the importance of Article 9.1 of the Paris Agreement for financing.
AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinsey
McKinsey said banks could reinvest half of the capacity released through automation into stronger analytical capabilities, strategic risk advisory and faster portfolio decisions. The remaining capacity could be directed towards specialised AI engineering, data governance and platform development.
India's net-zero transition aim by 2070 offers $22.7 tn investment opportunity for global capital
India's push to achieve net-zero emissions by 2070 could unlock a $22.7 trillion investment opportunity across renewable energy, power grids, battery storage, green hydrogen and clean technologies, according to a report by Australian economist Nicki Hutley. The report estimates a $6.5 trillion funding gap, which will require international capital to bridge.
NSE rolls out direct-to-chip liquid cooling to scale AI computing capabilities; plans to scale GPU capacity beyond 80 this quarter
The NSE has deployed Direct-to-Chip Liquid Cooling technology at its on-premises data centre to support expanding AI infrastructure. The exchange plans to scale its GPU capacity to more than 80 units this quarter, with the cooling system designed to accommodate up to 224 GPUs across high-density racks.
India's ChatGPT boom faces a reality check as free AI use meets rising costs
India has emerged as ChatGPT's largest market, driven by its vast digitally connected population and widespread access to free AI services. However, as AI infrastructure expands and computing and energy costs rise, companies face the challenge of recovering investments. Convincing price-sensitive Indian users to pay for AI remains difficult.
Longer Diwali breaks: companies give employees more time to celebrate
Many companies are providing extended breaks for their employees during Diwali to promote well-being and family connections. Embassy Group is giving its employees a nine-day break, emphasizing a people-first culture. CashKaro is offering six days off to help employees recharge after the busy festive season. Myntra plans to recognize employee contributions with two additional holiday days following its sales period.
Anthropic wants to create new billionaires through its IPO, but American voters are growing tired of Big Tech's wealth explosion
Anthropic is preparing for a significant IPO amid growing public resistance to AI-related infrastructure projects. Investors are discussing a valuation between $1 trillion and $1.5 trillion for the Nasdaq listing. Communities express concerns over environmental impacts and rising electricity costs linked to data centres. Public sentiment is shifting against technology companies, raising questions about economic benefits versus local costs.
Microsoft employees raise concerns over AI strategy amid 60,000-person buyout offer
The letter, cited in a report byThe New York Times, accuses Microsoft of pursuing AI with a “speed-at-all-costs” approach and urges the company to stop linking employees' use of AI tools to performance rewards or reprimands.
'Strait of Hormuz gives Iran strategic leverage,' says Iranian official
Iranian official Abbas-Ali Kadkhodaei said the Strait of Hormuz gives Tehran strategic leverage in global affairs, citing recent developments in the waterway. He called for faster implementation of maritime development policies. Separately, Iranian Armed Forces spokesperson Brigadier General Shekarchi claimed the US Republican Party's midterm setbacks showed Washington had failed to break Iran's resolve.
Climate finance, trade likely to be on COP31 table
COP31, scheduled to occur in Antalya from November 9-20, will address significant climate finance and trade issues. Discussions include the funding developed countries owe to developing nations for climate change adaptation. The African Group aims to formalize financial support strategies and assess funding needs for climate initiatives. Additionally, proposals regarding the impact of climate-related trade measures on developing countries have been put forward.
More than family business: Drugmakers make costly, long-term strategic shifts as next generation steps into bigger roles
India's family-run pharmaceutical companies are entering a new phase as the next generation takes on larger leadership roles and steers businesses towards complex generics, peptides, biologics, contract manufacturing and advanced therapeutics. Laurus Labs, Granules India, Bharat Biotech, Sun Pharma and Torrent Pharma are investing in capabilities that require greater scientific expertise, significant capital and longer gestation periods. The key question is whether the successors can turn these long-term bets into sustainable growth and create lasting value for investors.
Environmental groups embrace AI, even as they warn of data center impacts
Environmental organisations are increasingly leveraging artificial intelligence to enhance conservation efforts and analyze ecological data. Many express concerns about the environmental impact caused by data centers that support AI technologies. The energy and water consumption of these centers is projected to double by 2030, raising emissions concerns.
Centre identifies 22 works to boost fodder security, livestock infrastructure under VB-G RAM G Act
The Centre has asked states and Union Territories to strengthen fodder security, pasture development and livestock infrastructure under the VB-G RAM G Act, identifying 22 permissible works. These include fodder banks, silage units, grazing lands and livestock shelters, aimed at addressing shortages and supporting rural households dependent on animal husbandry.
Centre issues advisory to states to boost fodder production, livestock infra under VB-G RAM G
The Centre has issued an advisory to states and Union territories to improve fodder security and livestock infrastructure. This advisory promotes convergence under the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission Act, 2025. It identifies 22 permissible works supporting fodder cultivation, livestock shelters, and veterinary health facilities. States are encouraged to increase expenditure on these works while aligning with local development priorities.
SJVN holds talks with Nepal government to expedite 1,569-MW hydropower projects
SJVN Ltd chairman Bhupender Gupta met various Nepal government officials to expedite hydropower projects. The discussions focused on the Arun-3 project and the challenges it faces, including land issues. Necessary approvals were also discussed for the pre-construction activities of the Lower Arun project. SJVN aims to strengthen energy security and promote sustainable power generation in Nepal.
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