TBE supports Sunita Narain and CSE.

Now that the reality of climate change has been accepted even by its strongest sceptics, there is a rush to find answers. The latest buzz is to substitute the use of greenhouse gas-emitting fossil fuels with biofuels-fuel processed from plants. Unfortunately, the way we are going about implementing this “good” idea could mean we are headed from the
frying pan to the fire.

There are two kinds of biofuel: ethanol, processed from sugarcane or corn, and biodiesel, made from biomass. Climate-savvy Europe gave the first push to biofuel, mandating they should contribute 6 per cent of fuels used in vehicles by 2010 and 10 per cent by 2020. The bulk of biodiesel comes from domestically grown rapeseed. But to meet its growing needs, it is looking at importing soyabean-based fuel from Brazil and Argentina, and palm oil from Indonesia and Malaysia. Read more

Idea Cellular Limited, a leading Indian GSM mobile services provider and an Aditya Birla Group company, and Nokia Siemens Networks today announced signing of a USD 500 million GSM network expansion contract. Under the contract, Nokia Siemens Network will expand Idea Cellular’s GSM/GPRS/EDGE networks to cover population centres across six circles of Delhi, Haryana, UP East, UP West, Andhra Pradesh and Kerala. Read more

May 17, 2007: Sequoia Capital India today announced that it has sold a 4.45% stake in Firstsource Solutions (formerly ICICI OneSource) to SUN Group, a global investment and business group, for a total sum of $42 million. Post the sale, Sequoia Capital India will continue to own around a 5% stake in FirstSource. Read more