| | SEPTEMBER 20238Shivcharan P has been named Chief Business Officer, Fashion at ace turtle, the leading tech-native retail company. In India, he will oversee the strategy and business operations for the prestigious Lee, Wrangler, and soon-to-be-launched Dockers brands.Shivcharan brings 17 years of rich and diverse experience in various leadership roles in the FMCG, online food delivery, and consumer internet industries. Shivcharan was previously the head of strategy and business at Tata Digital.The company stated in a statement that his vision and leadership will drive the growth of ace turtle's fashion portfolio, scaling the business further, driving innovation, and improving the shopping experience for consumers across the country."We are thrilled to welcome Shivcharan to our leadership team," said Nitin Chhabra, CEO of Ace Turtle. His business acumen and deep understanding of technology-driven businesses are perfectly aligned with our goal of leading the retail industry's technological evolution. I am confident that our fashion portfolio will thrive and exceed expectations under his leadership.""I am very excited to join ace turtle," said Shivcharan P, Chief Business Officer. The company's goal of transforming omnichannel retail on the back of integrated technology that connects consumer understanding and signals all the way back into the supply chain inspires me. I am excited to work with the talented teams at Ace Turtle to help realise this vision." Oil and Natural Gas Corporation (ONGC) plans to invest Rs 1 lakh crore by the end of the decade to become a low-carbon energy player, according to sources. Low-carbon energy opportunities like renewables and green hydrogen will be funded. The state-owned crude oil and natural gas producer said in a statement that it has detailed a "roadmap to significantly expand its low-carbon energy portfolio.""ONGC has aligned itself with India's ambitious goals and is wholeheartedly contributing to the nation's goal of reducing carbon emissions by one billion tonnes while simultaneously reducing carbon intensity by 45 percent by 2030," ONGC stated.Adoption of various de-carbonization levers has resulted in significant emission reductions over the years."Integrating sustainable practices into core operations has enabled a reduction in Scope-1 and Scope-2 emissions by 17 percent in the last five years. ONGC has reduced its emissions by 2.66 percent in FY23 (April 2022 to March 2023 fiscal year)."ONGC plans to significantly increase its spending on green initiatives to reduce its carbon footprint as part of a broader effort to achieve net-zero for Scope-1 and Scope-2 emissions by 2038," according to the statement.India's largest gas and crude oil producer is also in advanced talks with leading energy players about collaborating on various low-carbon energy opportunities such as renewables, green hydrogen, and green ammonia.According to the statement, it also intends to build two green-field O2C plants in India. However, no further information was provided. SHIVCHARAN P WELCOMED AS NEW CBO FOR ACE TURTLEONGC TO INVEST RS.1,00,000 CRORE FOR DECARBONIZATION EFFORTSIN FOCUSIN FOCUS
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