The rupee’s non-responsiveness to moves in Treasury yields and the dollar has meant that it tends to outperform its Asian peers when the greenback rallied and is an underperformer on declines. The Indian rupee is expected to hold near its all-time low on Thursday after the dollar index hit a near three-month-high on the prospects… Continue reading Scant relief for rupee as dollar rally shows no signs of pause
Author: Economic Times of India Online News
Irdai raises concerns over high auto cover commissions
In 2019, Irdai set up a committee to review MISP guidelines, following complaints of malpractice. India’s insurance regulator in a meeting with top executives from non-life insurance companies on Monday expressed concerns over high commission payouts to motor insurance service providers (MISP) in the ‘motor own damage’ segment. The Insurance Regulatory and Development Authority of… Continue reading Irdai raises concerns over high auto cover commissions
Vedanta Aluminium enhances logistics efficiency and sustainability with BOBRN rakes
Vedanta Aluminium, which operates the world’s largest aluminium plant in Jharsuguda. Vedanta Aluminium, India’s largest aluminium producer, has introduced BOBRN (Bogie Open Bottom Rapid discharge railway) wagons, equipped with pneumatic door-opening actuators, into its coal transportation logistics at its plants in Jharsuguda, Odisha, and Korba, Chhattisgarh. This initiative, part of the General Purpose Wagon Investment… Continue reading Vedanta Aluminium enhances logistics efficiency and sustainability with BOBRN rakes
TVS Motor Q2 Results: Profit jumps 23% YoY to Rs 663 crore, but misses estimates
Both net profit and revenue missed Street estimates, which were pegged at INR 669 crore and INR 9,534 crore, respectively. Go to Source
India set to drive in new leadership opportunities with EVs
India is well-positioned to create new opportunities in the EV space, leveraging its strengths in IT and software. India’s ambitious vision for electric vehicles (EVs) positions it to become a global leader in sustainable transportation. As the fourth-largest automaker and home to one-sixth of the world’s population, India is set for a significant energy transition,… Continue reading India set to drive in new leadership opportunities with EVs
Pioneering sustainable materials in electric vehicle design
Integrating sustainable materials in EV design can lead to significant innovations, fundamentally transforming vehicle construction and perception. The transportation sector is a major driver of global greenhouse gas emissions, accounting for roughly 24% of all man-made emissions. This is especially alarming in countries like India, where over 5.1 million light motor vehicles are more than… Continue reading Pioneering sustainable materials in electric vehicle design
EV Recharge partners with ZEVO for mobile EV charging solutions
EV Recharge’s technology can charge vehicles from 0% to 80% in just 20 minutes, a significant improvement over the traditional 3-4 hours. EV Recharge, a pioneer in India’s mobile green energy charging solutions, has partnered with B2B logistics giant ZEVO to offer on-location fast charging for ZEVO’s fleet of three-wheeler electric vehicles. This collaboration marks… Continue reading EV Recharge partners with ZEVO for mobile EV charging solutions
Mega Corporation launches Lendingo to enhance EV financing solutions
Mega Corporation on Monday announced the launch of a new division, Lendingo. Mega Corporation on Monday announced the launch of a new division, Lendingo, exclusively for EVs financing including batteries, rickshaws, and related ventures. Lendingo will offer a wide range of financial products, including loans, leases, and other financing instruments, to meet the diverse needs… Continue reading Mega Corporation launches Lendingo to enhance EV financing solutions
Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration
Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which offsets nearly 30% of the plant’s CO2 emissions. Skoda Auto Volkswagen India Private Limited (SAVWIPL) has reached a significant milestone by planting over 700,000 trees across Maharashtra as part of its commitment to sustainability. This effort includes planting the 100,000th… Continue reading Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration
‘Red Light on-Gaadi off’ campaign against pollution commences in Delhi
With Stage II of GRAP coming into force, an 11-point action plan is applicable with immediate effect in the entire NCR. The Aam Aadmi Party (AAP) government in Delhi is taking measures to tackle the escalating pollution crisis and in this effort, Delhi’s Environment Minister Gopal Rai launched the “Red Light On-Gaadi Off” campaign on… Continue reading ‘Red Light on-Gaadi off’ campaign against pollution commences in Delhi