Reliance Jio Infocomm, the telecom arm of Reliance Industries, reported a 13.2% rise in fourth-quarter profit on Monday, driven by a surge in subscriber additions. The company’s net profit climbed to 53.37 billion rupees ($640.2 million) in the January-March quarter compared to 47.16 billion rupees in the same period last year.
The water levels in the Papanasam and Manimuthar dams in India have risen significantly, prompting officials to release water. As of Monday, the Papanasam dam was at 60.05 feet and the Manimuthar dam was at 90.26 feet.
India’s economy is undergoing a period of rapid transformation, driven by a combination of factors including increased foreign investment, a shift towards manufacturing, and the rise of a new generation of entrepreneurs. The country is becoming more open and pro-business, with the government implementing a range of reforms to make it easier to do business. This is leading to a surge in growth and innovation, with the emergence of new industries and technologies. The government is also playing a more proactive role in promoting economic development, with the introduction of policies such as the ‘Make in India’ campaign and the ‘Production-Linked Incentives’ scheme. These reforms are having a positive impact on the economy, with the Economist Intelligence Unit forecasting that India’s GDP will grow by 7.5% in 2023.
India is investing heavily in renewable energy, with plans to build 45 GW of capacity by 2030. The country’s coal-fired power plants contribute significantly to air pollution and carbon emissions, making the transition to renewables crucial. However, the rapid growth in energy consumption and barriers to solar development pose challenges to achieving these ambitious targets.
