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Essar Oil: Vertex Hydrogen to supply 1,000MW of hydrogen to decarbonize leading UK industries

February 23, 2023 virendra pandit

Mumbai: Vertex Hydrogen, a joint venture between Essar Oil UK and Progressive Energy, has signed agreements to supply over 1,000MW of hydrogen to decarbonize the leading industries in the United Kingdom. A leader in the energy transition, Vertex Hydrogen is developing the UK’s first large-scale, low-carbon hydrogen production hub at Essar’s site in Ellesmere Port, […]

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Business

Roving Periscope: As the wealthy frolic, broke Pakistan announces austerity for ministers, officers

February 23, 2023 virendra pandit

Virendra Pandit   New Delhi: A week after hundreds of wealthy Pakistanis thronged an upmarket mall in Lahore and queued up for hours to grab expensive branded coffees and pastries from Canadian food chain Tim Hortons, Islamabad announced on Wednesday some ‘austerity measures’ for ministers and officials to somehow impress the International Monetary Fund (IMF) […]

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Business

Roving Periscope: Vivek Ramaswamy also to contest against Donald Trump in 2024

February 22, 2023 virendra pandit

Virendra Pandit   New Delhi: Former US President Donald Trump, who is likely to run for the President’s office in 2024, now has two Indian-American challengers, both from within his own Republican Party—Nikki Haley, and Vivek Ramaswamy. While Haley, 51, threw her hat in the ring last week, tech entrepreneur Ramaswamy, 37, launched his 2024 […]

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Business

Roving Periscope: A year on, Putin blames the West for Ukraine war, suspends START

February 21, 2023 virendra pandit

Virendra Pandit   New Delhi: Two days before the first anniversary of the ongoing Russian invasion of Ukraine on Friday, President Vladimir Putin accused the war-torn neighbor and the West of provoking the conflict with the expansion of NATO and new European anti-rocket defense systems, and developing military contingents on the border of Russia. Since […]

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Business

‘Protect the poor, tax the rich,’ IMF asks broke and embattled Pakistan

February 20, 2023 virendra pandit

Virendra Pandit   New Delhi: After Defense Minister Khwaja Asif’s open admission last week that Pakistan is bankrupt and has already defaulted, the International Monetary Fund (IMF) has asked the nearly cashless country to protect the poor and impose more taxes on the wealthy as the South Asian nation seeks to unlock funds from the […]

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Business

Roving Periscope: Ahead of Feb 24, US President Joe Biden secretly visits Ukraine

February 20, 2023 virendra pandit

Virendra Pandit   New Delhi: Just three days ahead of the first anniversary of Russia’s invasion of Ukraine on February 24, US President Joe Biden made a surprise visit to the war-torn nation’s capital, Kyiv, on Monday, the New York Times reported. The US President arrived in Kyiv after a long train drive from the […]

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Business

Power: A year after, the Sri Lankans to gets back 24×7 light—at a higher cost, though

February 16, 2023 virendra pandit

Virendra Pandit   New Delhi: After Pakistan’s collapsing economy hogged the headlines in recent months, India’s yet another next-door neighbor Sri Lanka has brought some good news: the Sri Lankans, reeling under unprecedented economic hardships will now get 24×7 electricity, although at a higher cost. The media reported on Thursday that, after a year of […]

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Business

Roving Periscope: Pakistan to impose fresh PKR 170 billion in taxes, cries for IMF’s $1.1 billion installment

February 16, 2023 virendra pandit

Virendra Pandit    New Delhi: Reeling under a collapsing economy, severe hardships, and a massive foreign debt burden of over USD 130 billion, cash-strapped Pakistan late on Wednesday introduced a money bill in Parliament to raise PKR 170 billion in fresh taxes (“mini-Budget”) by June this year as part of the strictest terms and conditions of […]

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Business

Tech babies: With 1,300 added last year, India now has 27,000 active startups

February 15, 2023 virendra pandit

Virendra Pandit   New Delhi:  India, the third largest technology startup ecosystem worldwide after the US and China, added more than 1,300 active startups in 2022, taking the total tally to nearly 27,000. With 23 unicorns in 2022, the South Asian nation also added the second-highest number of unicorns in the world, the National Association […]

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English

Another epidemic: Now, the WHO warns of Marburg virus that killed 9 in EG

February 14, 2023 virendra pandit

Virendra Pandit   New Delhi: With at least 9 deaths because of the outbreak of the highly-infectious Marburg virus in Equatorial Guinea in West Africa, the World Health Organization (WHO) has warned of an epidemic. The global health regulator said Equatorial Guinea has confirmed its first-ever outbreak of Marburg Virus Disease (MVD). Like Covid-19 and […]

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