The co-owner of the KTM AG motorcycle maker has secured a €566 million ($632 million) one-year loan within days of a deadline to fund an insolvency plan at the troubled Austrian company. The European unit of Bajaj Auto Ltd. agreed to the unsecured loan with JP Morgan Chase & Co., DBS Bank Ltd. and Citigroup… Continue reading KTM co-owner Bajaj Auto signs €566m loan before funding deadline
Author: Economic Times of India Online News
Japan mulls subsidies for Tesla’s EV charging stations in tariff talks, TBS says
Japan is seeking a third round of US trade talks next week and the nation’s top trade negotiator, Ryosei Akazawa, could travel to Washington. Japan is considering a plan to offer subsidies for building charging stations for Tesla electric vehicles in tariff talks with the United States, broadcaster TBS reported on Saturday. The government currently… Continue reading Japan mulls subsidies for Tesla’s EV charging stations in tariff talks, TBS says
Global semiconductor industry to grow by over 10% in 2025, says Taiwan’s SMC
Looking ahead, Zhang said that by 2030, AI applications are projected to account for 45 percent of semiconductor sales. The global semiconductor industry is expected to grow by more than 10 per cent in 2025, with strong demand being driven by artificial intelligence (AI) technologies, as per a Focus Taiwan report which cited a senior… Continue reading Global semiconductor industry to grow by over 10% in 2025, says Taiwan’s SMC
Amazon merges Indian logistics arm with marketplace entity to streamline operations
Amazon Transportation Services (ATS), the American ecommerce giant’s Indian logistics arm, is merging with Amazon Seller Services, the primary marketplace entity in India, according to a board approval document filed by the latter with the Registrar of Companies (RoC) and accessed by ET. The National Company Law Tribunal (NCLT) has granted interim clearance for the… Continue reading Amazon merges Indian logistics arm with marketplace entity to streamline operations
200-tonne steel span installed on Barapullah Flyover for Namo Bharat Corridor
A 200-tonne steel span with four girders has been installed on the Barapullah flyover to connect Sarai Kale Khan station with the upcoming Jangpura stabling yard on the Delhi-Ghaziabad-Meerut Namo Bharat Corridor. The Jangpura stabling yard, close to Sarai Kale Khan station, is being developed for stabling Namo Bharat trains. Since a drain flows close… Continue reading 200-tonne steel span installed on Barapullah Flyover for Namo Bharat Corridor
Maharashtra Government signs MoU for development of sustainable industrial and logistics parks
The planned industrial and logistics parks will be strategically located. Locations include Panvel, Bhiwandi, Chakan (Pune), Nagpur, and Sinnar (Nashik). The Maharashtra government and Horizon Industrial Parks and Xsio Logistics Parks signed a memorandum of understanding on Wednesday to develop over ten industrial and logistics parks across the state, Hindustan Times reports. A move expected… Continue reading Maharashtra Government signs MoU for development of sustainable industrial and logistics parks
Odisha CM vows iron ore boost, infrastructure push to power steel growth
CM Mohan Charan Majhi held a high-level meeting with representatives of the Indian Steel Association (ISA) here on Thursday. The discussions focused on increasing the availability of iron ore and enhancing infrastructure to support steel companies in the state. Majhi reiterated the govt’s commitment to making Odisha a prosperous state by 2036 and a key… Continue reading Odisha CM vows iron ore boost, infrastructure push to power steel growth
Beyond subsidies: How India’s EV sector can achieve long-term success
The government’s position is clear: The EV sector in India is ready to fly without the wings of subsidies. Imagine a toddler learning to ride a bike. For a while, training wheels provide necessary support, preventing tumbles and building confidence. But eventually, those wheels must come off to achieve true balance and speed. India’s EV… Continue reading Beyond subsidies: How India’s EV sector can achieve long-term success
TATA.ev launches 10 MegaChargers to expand EV charging network
Under this model, the company is working with charge point operators (CPOs) and oil marketing companies (OMCs) to improve charging infrastructure. TATA.ev has commissioned the first 10 high-speed MegaChargers as part of its national EV charging network. The move is part of the company’s plan to expand available charge points to 400,000 by 2027. Developed… Continue reading TATA.ev launches 10 MegaChargers to expand EV charging network
The commercial catch in rooftop solar-powered EV charging
Certain subsidies might help reduce the upfront costs. If electric vehicles (EVs) still rely on a coal-heavy grid for charging, are they really cleaner than internal combustion engine vehicles? What’s more, with EV demand surging in Indian cities like Bengaluru, this could increase CO2 emissions from the sector. As a cleaner and scalable charging solution,… Continue reading The commercial catch in rooftop solar-powered EV charging