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PM announces Hydrogen Mission, self-reliance in energy by 2047

Hydrogen is produced predominantly through Steam Methane Reforming, or SMR, which utilizes fossils fuels, such as natural gas or coal, and through Proton Exchange Membrane Electrolysis, which splits water into hydrogen and oxygen using a current of electricity.

Currently, all hydrogen consumed in India comes from fossil fuels. By 2050, three-fourth of all hydrogen is projected to be green — produced by renewable electricity and electrolysis.

India records 36,083 new Covid cases, 493 deaths

A total of 73,50,553 vaccine doses were administered in the last 24 hours. Cumulatively, 54.38 crore COVID-19 vaccine doses have been administered under the nationwide vaccination drive till Sunday morning, the ministry said.A total of 4,31,225 deaths have been reported so far in the country, including 1,34, 909 from Maharashtra, 36,958 from Karnataka, 34,496 from Tamil Nadu, 25,069 from Delhi, 22,783 from Uttar Pradesh, 18,499 from Kerala, and 18,291 from West Bengal.
The health ministry stressed that more than 70 percent of the deaths occurred due to comorbidities.

GIC Re’s net loss rises 38 % to Rs 771 cr in Jun quarter

GIC Re’s combined ratio, one of the key matrics indicating profitability of any re/insurer, is 123.36% for the quarter ended 30.06.2021 as against 112.16% for the corresponding quarter of the last fiscal ended 30.06.2020.GIC Re’s underwriting loss is Rs 2,811.17 crore for the quarter ended June 30, 2021, compared with Rs 1,771.38 crore for the quarter ended June 2020, it said

Maha July rains: Rs 2,500 cr loss to industrial units in Mahad, Chiplun

Manufactured products, machinery and raw material in industrial estates spread over 2,000 acres in Mahad and New Mahad were severely affected and the loss may be in the range of Rs 2,000 crore, while 50 of the 161 units in Chiplun industrial estate had suffered major damage, he said.

He said the rains had damaged roads and bridges in the industrial area, while water-logging in the MIDC office had soiled some documents, though efforts were on to ensure administration work was not hampered.

International

Epidemics and equities: What the coronavirous means for markets

For global corporations, Wuhan is an important hub. Of about 2,000 cities in China with factories and other facilities in Bloomberg’s supply chain database, the city ranks 13th, with about 500 facilities. The province of Hubei has 1,016, making it seventh of 32 such jurisdictions. US-based companies have 44 facilities there, and European ones about 40, the data show. Many plants are in the auto and transportation industries, and big names include PepsiCo Inc. and Siemens AG.

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