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Source of clean power or controversy?

Financial Express Lucknow

|

April 17, 2025

A global race for nuclear augmentation is on. Over 40 countries are expanding capacity, which will treble nuclear energy availability by 2050

- ANIL NAIR

GALLOPING ENERGY DEMANDS of modern-day information technology (IT) operations — including cloud services, big data processing, artificial intelligence (AI) usage, and 24x7 high-performance computing at hyperscale data centres — are forcing the industry to go nuclear. Little wonder that large technology companies, which were more focused on wind and solar sources, are looking very seriously at nuclear plants to provide emission-free power.

Microsoft has signed up with Constellation Energy to revive the infamous Three Mile Island nuclear plant in Pennsylvania by 2028, promising to consume all the power it can generate over 20 years. Bill Gates has invested $1 billion in TerraPower, which will develop small reactors, partnering with Warren Buffett's PacifiCorp. Google is working with Kairos Power, a producer of small modular reactors (SMR), and will buy all their nuclear power when they commence production in 2030. Amazon, similarly, is investing in X-Energy, an SMR company.

Nuclear energy, found in the nucleus of an atom, is extracted to produce electricity through two atomic reactions — nuclear fission, in which uranium is used as a fuel to split atoms to release energy, or nuclear fusion, where lighter nuclei like hydrogen are combined to produce considerable energy. Arguably, fusion is safer as it does not involve chain reactions or cause explosions, but has proved somewhat utopian thus far.

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Financial Express Lucknow

Sebi steps in to fortify bond mkts

AT A TIME when retail participation in the bond market has been rising at a fast clip, the latest release from the Securities and Exchange Board of India, cautioning against unregistered online bond platform providers (OBPPs), is expected to serve as a wake-up call and put pressure on unregulated players seeking registration.

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2 mins

November 27, 2025

Financial Express Lucknow

IMF directors urge India to replenish fiscal buffers

WHILE FISCAL CONSOLIDATION has progressed, achieving the fiscal deficit target remains challenging, necessitating disciplined spending and strengthened fiscal buffers to safeguard stability, the International Monetary Fund executive board directors in their report.

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1 min

November 27, 2025

Financial Express Lucknow

SBI’s NIM target of 3% safe even if RBI cuts rate: Setty

STATE BANK OF India is confident of achieving its 3% net interest margin (NIM) guidance even if the Reserve Bank of India (RBI) decides to cut the repo rate by 0.

time to read

1 mins

November 27, 2025

Financial Express Lucknow

'Primary sales of AC makers subdued despite GST cut'

Blue Star, among the country's leading air conditioner (AC) manufacturers, sees high inventory levels in the industry reducing this December as demand from price-conscious consumers may pick up before the new energy efficiency norms come into effect in January.

time to read

1 mins

November 27, 2025

Financial Express Lucknow

Nithin Kamath raises red flag on crypto derivatives exchanges

ZERODHA'S FOUNDER AND CEO Nithin Kamath on Wednesday flagged concerns over the risks associated with trading on crypto derivatives exchanges as they exist in a 'regulatory limbo'.

time to read

1 min

November 27, 2025

Financial Express Lucknow

Top posts at SIDBI, other DFIs now open to pvt talent

THE GOVERNMENT HAS expanded its overhaul of financial sector appointments by opening top posts in development financial institutions (DFIs) - including SIDBI, NABARD, EXIM Bank, IFCI and NHB - to private sector talent.

time to read

1 min

November 27, 2025

Financial Express Lucknow

Maharashtra eyes $1-trn economy by 2030: Official

MAHARASHTRA AIMS TO unlock $850 billion in investment through its new industrial policy, state industries secretary PAnbalagan said at the 21st CII Manufacturing Summit here on Wednesday.

time to read

1 min

November 27, 2025

Financial Express Lucknow

ICIL sells 0.56% in Bharti Airtel

. 34.2 mn shares sold at floor price of ₹2,097.81

time to read

1 min

November 27, 2025

Financial Express Lucknow

Indices near all-time high as bears go into hiding

· DIIs pump in ₹7 lakh crore, highest in a year

time to read

1 mins

November 27, 2025

Financial Express Lucknow

Ahmedabad awarded hosting rights of 2030 CWG

AHMEDABAD WAS FORMALLY awarded hosting rights of the 2030 Commonwealth Games in Glasgow on Wednesday, paving the way for the multi-sport event’s return to India after two decades and giving impetus to the country’s audacious plan of becoming an Olympic host in 2036.

time to read

1 mins

November 27, 2025

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