India is making efforts to secure exploration rights for a cobalt-rich underwater mountain in the Indian Ocean, but its bid faces challenges due to competing territorial claims. The urgency behind India's application stems from concerns over China's presence in the region and its dominance in the global cobalt supply chain....
Power Global’s Battery Makes it to Time Magazine Inventions List
Pasadena, CA-based Power Global's eZee battery module has been listed in the Time Magazine Inventions for 2022. The low-cost, high-performance battery, is specially designed for light mobility vehicles such as auto-rickshaws, the three-wheeled vehicles that navigate congested streets. eZee offers auto-rickshaw drivers a simple, low-cost path to EV adoption. Drivers...
India Ramps Up Infrastructure Lending in its Neighborhood
In recent years, New Delhi has upped its overseas lending, providing tens of billions of dollars in credit to countries in the region, including financially distressed Belt and Road Initiative (China's program) recipients such as Sri Lanka. India's role as a creditor, by which it offers other governments lines of...
Switzerland’s Clariant Forms JV with India Glycols
Clariant, a specialty chemical company, and India Glycols Limited (IGL), a leading company in the manufacturing of green technology-based chemicals, announced a strategic partnership to establish a 51-49% joint venture in renewable ethylene oxide (EO) derivatives. By combining production and distribution capacity, the joint venture is expected to become a...
India Helps Build Container Terminal in Sri Lanka
With the Indian Ocean becoming more integral to global trade, the governments of Japan, India, and Sri Lanka have agreed to jointly develop the Port of Colombo to increase the port's container volume and enhance marine transportation in and around South Asia. The three partners will begin work by March...
India's OYO Enters America's Budget Hotel Market
Having raised $1 billion from the Japanese investor SoftBank, India's hospitality unicorn Oyo entered the U.S. market by opening an office in Dallas, and is testing the market with OYO Townhouses in Austin, Texas. The company generates most of its demand directly, and its customers book rooms via its mobile app. Oyo focuses on the...