The prices of petroleum products in the country are linked to the international market, with India importing more than 85 per cent of its crude oil requirements. The Prime Minister Narendra Modi-led government is aggressively promoting the adoption of alternative energy sources such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, biofuels, including… Continue reading Centre actively encouraging adoption of hydrogen, biofuels: Hardeep Puri
Author: Economic Times of India Online News
Environment Ministry clarifies stance on vehicle procurement, highlights shift to cleaner fleet
He further stated that the latest bid document for new cars includes provisions allowing flexibility to hire electric vehicles within the overall sanctioned fleet. The Environment Ministry on Thursday clarified that the majority of vehicles in its fleet are powered by electricity, CNG or hybrid technology, following criticism over a recent tender process. Responding in… Continue reading Environment Ministry clarifies stance on vehicle procurement, highlights shift to cleaner fleet
EU pushes for reduced US autos tariff from August 1 as joint text limits exemptions
EU trade commissioner Maros Sefcovic said it was the European Commission’s “firm intention” to make proposals by the end of this month, meaning the US car tariff reduction would apply from August 1. The European Union will work to ensure lower US tariffs on its car exports are applied retroactively to August 1, the bloc’s… Continue reading EU pushes for reduced US autos tariff from August 1 as joint text limits exemptions
Macquarie raises $405 mn for Indian EV platform Vertelo
Abhishek Poddar said, “We’re pleased to have closed this $405 million fundraising for Vertelo, MAM’s largest investment commitment in the electric vehicle space in Asia.” Macquarie Asset Management, leading infrastructure asset manager, raised $405 million for Vertelo, a fleet electrification solutions platform in India. The funding includes $205 million from institutional investors, and $200 million… Continue reading Macquarie raises $405 mn for Indian EV platform Vertelo
Hydrogen at $1 per kg can make India an energy exporter: Nitin Gadkari
Hydrogen today costs around $5 per kilogram and if India can bring this down to $1 dollar per kilogram, we won’t just achieve energy independence, we can become a global exporter of clean energy, Union Minister of Road Transport and Highways, Nitin Gadkari, said on Wednesday. Highlighting India’s leadership in renewable energy, Gadkari said that… Continue reading Hydrogen at $1 per kg can make India an energy exporter: Nitin Gadkari
Ex-Hero MotoCorp CEO Niranjan Gupta to take over as HUL’s new CFO
Niranjan Gupta Hindustan Unilever Limited (HUL) has named Niranjan Gupta, former Chief Executive Officer of Hero MotoCorp, as its new Chief Financial Officer, effective November 1. He will succeed Ritesh Tiwari, who has been elevated to a global role at parent company Unilever. Tiwari, who has served as HUL’s CFO since 2021, will take over… Continue reading Ex-Hero MotoCorp CEO Niranjan Gupta to take over as HUL’s new CFO
Gadkari stresses on cutting cost of hydrogen production
Union minister Nitin Gadkari said India could shift from being an energy importer to a global exporter. Union road transport and highways minister Nitin Gadkari on Wednesday said India can transform from being an energy importer to a global exporter if it can bring down the cost of hydrogen production to $1 per kg from… Continue reading Gadkari stresses on cutting cost of hydrogen production
EU gets 15% US tariff for cars, fails to secure wine reprieve
US, EU trade deal sets 15% tariff on European car and pharma exports. European car and pharmaceutical exports to the United States will be subjected to a 15-per cent tariff rate, a joint US-EU statement detailing their trade deal showed on Thursday. The same rate will apply to wine and spirits, after Brussels failed to… Continue reading EU gets 15% US tariff for cars, fails to secure wine reprieve
NHAI has raised over ₹1.42 lakh crore via asset monetisation: Gadkari
NHAI raises ₹1.42 lakh crore through asset monetisation till FY25, says minister. The National Highways Authority of India (NHAI) has raised a total amount of ₹1,42,758 crore through different modes of asset monetisation up to FY 2024-25 and the target for the current financial year has been fixed at ₹30,000 crore, Minister of Road Transport… Continue reading NHAI has raised over ₹1.42 lakh crore via asset monetisation: Gadkari
JSW Sarbloh Motors forms JV with Tomcar USA for production of ATV in India
JSW Sarbloh Motors partners with Tomcar USA to locally produce TX range all-terrain vehicles in India. JSW Group firm JSW Sarbloh Motors on Thursday said it has formed a joint venture with Tomcar USA for local production of the TX range of all-terrain vehicles in India. Phoenix, Arizona-based Tomcar is a manufacturer of high-performance all-terrain… Continue reading JSW Sarbloh Motors forms JV with Tomcar USA for production of ATV in India