India to explore 6km inside the ocean to power EVs

23 May 2024 CW Team

India is diving deep into the ocean in a quest for minerals crucial for powering the next generation of electric vehicles and solar panels, setting the stage for an underwater competition with China. The country has applied to the United Nations' International Seabed Authority (ISA) for permission to explore the Carlsberg Ridge and Afanasy-Nikitin Seamount (ANS) in the Indian Ocean, known for their cobalt and manganese reserves essential for battery production and solar energy. We recognise the strategic importance of these regions, especially with competition from other nations like China, remarked M Ravichandran, Secretary of the Ministry of Earth Sciences. Presently, India holds exploration licenses for polymetallic nodules in the central Indian Ocean and polymetallic sulphides near Mauritius. These efforts aim to reduce India's reliance on imported minerals like cobalt and pave the way for sustainable resource extraction from the ocean depths. With advanced mining technologies and significant mineral reserves identified, India is setto unlock the vast potential lying beneath the ocean's surface. (Source: Economic Times)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..