Author: Dr Jiayi Cen, Technology Analyst at IDTechEx The Direct Lithium Extraction (DLE) market has witnessed a surge in interest from a diverse range of industries, including mining, water treatment, oil and gas, chemicals, and engineering. This convergence of diverse entities into the DLE space reflects the technology's potential to revolutionize lithium production, a crucial component in the global transition towards renewable energy and electric transportation. The appeal of DLE lies not only in its ability to enhance the efficiency and sustainability of lithium extraction but also in its…
Read MoreMonth: October 2024
Indian Coast Guard launches two Fast Patrol Vessels built by Goa Shipyard Limited
On October 28, 2024, the Indian Coast Guard (ICG) launched two Fast Patrol Vessels (FPVs) named Adamya and Akshar at Goa Shipyard Limited (GSL). This significant event highlights India’s commitment to indigenous shipbuilding, as both vessels were constructed with over 60% indigenous content as part of a broader contract for the construction of a total of eight FPVs at a cost of approximately ₹473 crore. The commissioning of these Fast Patrol Vessels is essential for strengthening India’s maritime security framework, particularly given the increasing challenges in maritime domains and the…
Read MoreIndigenous herbal knowledge recognised through patents
The recognition and protection of Indigenous herbal knowledge through patents is a multifaceted issue intertwined with traditional rights, intellectual property (IP) laws, and biopiracy concerns. Over recent years, indigenous knowledge, particularly regarding traditional medicinal practices, has gained increased attention as pharmaceutical companies seek to patent such knowledge, often without adequate compensation or recognition of the originating communities. The recognition of Indigenous herbal knowledge through patents is essential in safeguarding the rights of traditional knowledge holders against biopiracy and exploitation. Implementing effective legal frameworks that consider the unique characteristics of traditional…
Read MoreUnion Bank of India is observing Vigilance Awareness Week
Union Bank of India is observing Vigilance Awareness Week from 28th October to 3rd November on the theme, “ Culture of Integrity for Nation’s Prosperity” as envisaged by the Central Vigilance Commission. Various programs are scheduled by the Bank for creating awareness regarding PIDPI, Vigilance, probity and ethics amongst youth, women, employees, their family members and the public at large. Special awareness programs are conducted on Cyber Crime. Extensive use of social media is also being made for wider dissemination of the theme. At Central Office of Union Bank of India, MD & CEO, Executive…
Read MoreBreakthrough Trust Announces Nayana Chowdhury as the New CEO
Breakthrough Trust has announced the appointment of Nayana Chowdhury as the new Chief Executive Officer (CEO), effective January 2025. As Breakthrough celebrates its 25th anniversary, Nayana’s appointment marks a strategic commitment to expand the organisation’s impact, building on a legacy of innovation in challenging societal norms and advocating for safe, inclusive communities. Nayana succeeds the outgoing CEO, Sohini Bhattacharya, who has led the organisation for the past seven years. Under Nayana's leadership, Breakthrough Trust aims to further its mission of fostering a gender-equal world through innovation and sustainable change. …
Read MoreDevelopers Raise INR 12,801 Cr in 9M2024 Via QIP Route
B/w Jan.-Sept. 2024, Qualified Institutional Placements (QIP) issuance across all sectors scaled a record high of INR 75,923 Cr, with real estate comprising a 17% share – 2nd highest after renewable energy 6 developers collectively raised INR 5,275 Cr via IPOs since 2021; Macrotech (Lodha) alone raised nearly INR 2,500 Cr Enhanced financial strength boosts developers' launch rate – approx. 13.62 lakh units launched in top 7 cities b/w 2021 to 9M 2024 Robust sales – approx. 14.36 lakh units sold in this period across top 7 cities; unsold inventory in…
Read MoreIndian Railway and MWCD issues better SOPs to prevent child abuse, trafficking
On October 25, 2024, Indian Railways, in collaboration with the Ministry of Women and Child Development (MWCD), launched a revised Standard Operating Procedure (SOP) aimed at enhancing the protection of vulnerable children who come into contact with railway services. This updated procedure stems from the need to provide a comprehensive framework that safeguards children potentially at risk of exploitation and trafficking, especially those who may be separated from their families while traveling by train. In conclusion, the revised SOP represents a significant step forward in the Indian Railways’ ongoing commitment…
Read More95% of Land Records in Rural India Digitized
As of 2023, approximately 95% of land records in rural India have been digitized as part of the Digital India Land Records Modernization Programme (DILRMP), an initiative launched by the Indian government to enhance the efficiency and transparency of land management. This impressive feat encompasses over 6.26 lakh villages, significantly transforming the process of land ownership documentation and management since its inception in 2016. This digitization is not merely about modernizing records; it supports economic growth and stability, empowering marginalized communities by improving access to land rights and eliminating bureaucratic…
Read MoreDPIIT announced a strategic partnership with HCLSoftware
The Department for Promotion of Industry and Internal Trade (DPIIT) has launched a strategic partnership with HCLSoftware to significantly enhance India’s startup manufacturing ecosystem. This alliance, announced on October 23, 2024, is a critical element of DPIIT’s Manufacturing Incubation Initiative, aimed at fostering innovation and supporting startups within the manufacturing sector. The partnership is expected to align with India’s broader goal of becoming a global manufacturing hub. DPIIT has previously signed over 80 Memorandums of Understanding (MoUs) with various industry stakeholders under the Startup India initiative, reflecting a strong commitment…
Read MoreIndian Navy launched its seventh ship ‘Abhay’
On October 25, 2024, the Indian Navy marked a significant milestone with the launch of ‘Abhay’, the seventh ship in the Anti-Submarine Warfare Shallow Water Craft (ASW SWC) project, built by Garden Reach Shipbuilders & Engineers (GRSE). This event took place at the L&T shipyard in Kattupalli, and was presided over by Vice Admiral Rajesh Pendharkar, Flag Officer Commanding-in-Chief of the Eastern Naval Command. In a time-honored maritime tradition, the ship was launched by Mrs. Sandhya Pendharkar, President of the Navy Welfare and Wellness Association (NWWA) for the Eastern Region.…
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