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RIL, L&T arm, ReNew bid for green hydrogen sops

Financial Express Chennai

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December 11, 2024

RELIANCE GREEN HYDROGEN, L&T Energy, ReNew E-Fuels, Waaree Clean Energy, Avaada Green H2, and AM Green are among 14 companies that have placed bids for financial incentives linked to green hydrogen production.

- ARUNIMA BHARADWAJ

The bids were placed under the second tranche of the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT) Scheme.

The Solar Energy Corporation of India (SECI), the implementing agency for the auction, announced the names on Tuesday. SECI had invited bids for setting up of 450,000 tonne per annum of green hydrogen capacities, with 40,000 tonne per annum capacity reserved for biomass-based pathways (bucket-II) and the rest for technology agnostic pathways (bucket-I).

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Financial Express Chennai

Musk: AI robots will eventually outnumber us

ELON MUSK, A longtime critic of the World Economic Forum's (WEF) annual event in Davos, Switzerland, appeared at the gathering for the first time on Thursday, and predicted that robots will eventually outnumber humans.

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January 23, 2026

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Duroflex to step up omnichannel push

EYEING GROWTH Duroflex plans to raise ₹184 crore in fresh issue by the end of 2026 It plans launch of 120 stores from the IPO proceeds The IPO will comprise an offer for sale of over 22.5 mn shares

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At 4.4%, US economy grows fastest in 2 yrs

STRONGEST BACK-TO-BACK QUARTERS SINCE 2021

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January 23, 2026

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Scrappage policy needs strong incentives: Ashok Leyland CEO

DEMAND UNLOCK

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January 23, 2026

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Extramarks bets on test prep & AI-led learning for next phase of growth

EDTECH FIRM EXTRAMARKS is looking to scale up its test preparation business sharply over the next two years, with a target of onboarding more than 100,000 students by FY27, as it deepens its presence within its existing school network and expands the use of its AI-led learning platform.

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Global OEMs coming to India for testing

IN A NOTABLE shift, foreign automotive OEMs are now coming to India to test their vehicles. For many years, Indian automotive OEMs had to send their vehicles abroad for testing, but that trend is changing.

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1 min

January 23, 2026

Financial Express Chennai

Rupee breaks six-day losing streak, rises 7p to 91.63

THE RUPEE BROKE its six-day declining streak by staging a mild recovery on Thursday, sup- ported by an improvement in risk appetite after US President Donald Trump stepped back from tariff threats against Europe linked to Greenland. The currency gained 7 paise to close at 91.63.

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1 min

January 23, 2026

Financial Express Chennai

Trump Vs Fed: Top court sounds alarm

US SUPREME COURT justices during arguments over President Donald Trump’s bid to fire Federal Reserve Governor Lisa Cook seemed to embrace the idea that the central bank’s independence to set monetary policy must be preserved and that eroding it would present real-world economic risks.

time to read

1 mins

January 23, 2026

Financial Express Chennai

Bets of RBI buying, lower state debt sale lift bonds

BENCHMARK GOVERNMENT BONDS gained for a third straight session on Thursday as traders grew more confident of the buying support from the Reserve Bank of India (RBI) and ahead of another reduction in state debt auctions next week.

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1 min

January 23, 2026

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From $4 trn to a jobs economy

NEXT PHASE OF INDIA'S DEVELOPMENT MUST BE CITIZEN-FIRST, WITH EMPLOYMENT AT ITS CORE

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4 mins

January 23, 2026

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