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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..