Saturday, October 24
Shaurya Kaushal’s eyes light up when he talks about nuclear fusion. The 31-year-old computational physicist with a PhD in computational fluid dynamics and a bachelor’s degree in mechanical engineering is a nerd’s nerd. Kaushal and fellow geek Roshan George, a computer science engineer, have been hard at work since May, hoping to solve one of engineering’s most enduring problems—achieving sustained and profitable nuclear fusion. Their startup, Pranos, is just coming out of stealth mode, having raised an undisclosed amount from investor Rahul Seth’s seed fund Industrial47.It isn’t only Pranos that is bringing in the excitement of nuclear fusion to India. At least two more Indian startups are taking baby steps in the sector. Anubal Fusion, headquartered in Hyderabad, was the fir
Partway through a panel discussion at a recent economics conference in San Francisco, Jason Furman, a former adviser to President Barack Obama, turned to Kimberly Clausing, a former member of the Biden administration and author of a book extolling the virtues of free trade. "Everyone in this room agrees with your book," Furman said. "No one outside of this room agrees with your book." The academics and policy wonks gathered in the hotel conference room laughed, but the comment captured something real: After decades of helping shape policy on weighty matters such as taxes and health insurance, economists find that their influence is at a low ebb. Free trade is perhaps the closest thing to a universally held value among economists, yet Americans just voted to return to office a president, Do
Minister of Railways Ashwini Vaishnaw has announced that a long-cherished train service between Jammu and Kashmir valley will start very soon. "The outstanding project to build a new railway route is a testament to engineering excellence and determination, overcoming significant geographical and climatic challenges," he added.Talking to the media about the project during the inspection of new coaches of Amrit Bharat train and other projects at Integral Coach Factory (ICF) in Chennai, the minister said that this was a significant dream of the nation, a new railway line connecting Jammu and Kashmir, which involves immense complexity. Out of the 111-kilometre railway line, 97 kilometres consist of tunnels and 6 kilometres were bridges.Vaishnaw further said that this is a highly complex projec
It was a tough ride for Indian markets during the week as the GDP and corporate earnings estimates were modest, which in turn weighed heavily on investors' sentiments. This meant that the broader market too endured heavy selling pressure.Just 4 smallcap stocks delivered double digit weekly returns with the highest return being 9% from Spandana Sphoorty Financial. PTC Industries, Coffee Day Enterprises, Vijaya Diagnostic and Pokarna were the rare few winners with double-digit gains during the week.On the contrary, as many as 176 stocks fell in double-digits. Some of the biggest losers were Jai Corp, KEC International, Inox Wind, Skipper, Oriental Rail Infrastructure among others.No midcap stock during the week delivered double-digit returns. The highest return in this segment was from The P
