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Amazon's apps witness nearly 500 mn cumulative downloads in India

Amazon is betting big on the Indian market as the Covid-19 pandemic has accelerated the shift to e-commerce, and more consumers are shopping online at a higher frequency on the online retailer’s platform. The company said if one combines the downloads of its platforms such as 'Amazon.in' shopping app and Prime Video app, there are close to 500 million downloads, which is almost 75 per cent of the registered internet users in the country today.

Amazon counts Walmart-owned Flipkart, Reliance’s JioMart and Tata among its rivals to tap the booming e-commerce market, which is expected to reach $350 billion by 2030 from $45-50 billion now.

JSPL plans to set up India's second coal gasification plant at Raigarh

JSPL has plans of setting up a coal gasification plant -- the second in the country -- at its Raigarh plant in Chhattisgarh, company's MD V R Sharma said.

The company is already using the coal gasification technology to produce steel at its plant in Angul, Odisha.

The 2 million tonne per annum production capacity plant, inaugurated in 2018, holds the distinction of being India's first and the only plant producing steel from 'swadeshi' coal using the coal gasification technology.

Sobha's FY22 sales bookings up 23% to Rs 3,870 cr on better housing demand

Bengaluru-based realty firm Sobha Ltd's sales bookings rose by 23 per cent to its all-time high of Rs 3,870.2 crore during the 2021-22 financial year on higher volumes driven mainly by low-interest rates on home loans. According to a quarterly operational update, the company's sales bookings in volume terms increased by 22 per cent to 49,09,567 square feet during the last fiscal from 40,13,581 square feet in the 2020-21 fiscal year.

Vedanta to move towards green steel; working on solution for hydrogen use

As part of its plan to shift towards "green steel", a Vedanta group firm has said it is working on a solution to use hydrogen instead of coke in its manufacturing process so as to reduce carbon emissions. Vedanta's Sesa Goa Iron Ore Business said it is looking for a tie-up with IITBombay to carry out a research for manufacturing pig iron ore using hydrogen in place of coke. The solution is aimed at reducing carbon emission in the production process and will help manufacture green steel (an outcome of a climate-friendly process).

Shell to set up LNG stations, bullish on gas market in India

Global energy giant Shell will foray into retailing LNG for long-haul transportation like trucks, with its first filling station coming up in Gujarat this year as it bets big on the Indian gas market, a senior company official said.

Shell operates a 5 million tonnes a year liquefied natural gas (LNG) import facility at Hazira in Gujarat and has a small network of petrol pumps. It is now looking at the LNG for trucks/buses market as a growth avenue.

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