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)

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..