Siemens plans to carve out its electric vehicle charging business. Siemens plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, to provide opportunities for growth in the rapidly-evolving industry, the German conglomerate said on Monday. The carve-out will combine Siemens eMobility with recently acquired DC fast-charging solutions specialist Heliox, said Siemens. Across… Continue reading Siemens to carve out EV charging business
Author: Economic Times of India Online News
India’s finished steel imports from China hit 7-year high in April-August, data shows
India shipped 1.1 million tons of the alloy from China in the April-August period, up 31.7% year-on-year, the data showed. India’s finished steel imports from China hit a seven-year high during the first five months of the 2024/25 financial year, provisional government data reviewed by Reuters showed. India’s overall finished steel imports also reached a… Continue reading India’s finished steel imports from China hit 7-year high in April-August, data shows
Kerala’s green hydrogen valley project to be set up with INR 18,542 cr investment
The document noted that the total green hydrogen subsidy needed to bridge the viability gap ranges as INR 1,055 and INR 2,908 crores in phase-II and phase-III, respectively. Kerala’s Kochi green hydrogen valley project is estimated to be set up with total capex investments of INR 18,542 crore, out of which INR 4,166 crore will… Continue reading Kerala’s green hydrogen valley project to be set up with INR 18,542 cr investment
Acceptability of new energy vehicles set to rise by end of decade: Urban Science Survey
The survey stated that the positive outlook for NEVs in India is being fuelled by the rapid expansion of public EV charging network, with a noticeable presence in major cities and emerging in tier-2 cities. New Delhi: Majority of new car buyers, who participated in a study, were ready to accept new energy vehicles (NEV)… Continue reading Acceptability of new energy vehicles set to rise by end of decade: Urban Science Survey
Indian state coal producer looks to sell surplus coal at discount
The country’s coal production in the last fiscal year to March 31 rose to a record 997.828 million tons, a 12% rise from a year ago. Indian state government-run Odisha Coal and Power Ltd (OCPL) is looking to sell surplus coal from its mine in eastern India at a discount, an auction document showed, indicating… Continue reading Indian state coal producer looks to sell surplus coal at discount
US, India reveal roadmap to build secure global clean energy supply chain
Narendra Modi with Joe Biden New Delhi: The USD 1 billion India-US initiative to build a safe and secure global clean energy supply chain aims to capture the benefits of the clean energy transition, including the creation of high-quality jobs, acceleration of clean energy deployment and achievement of global climate goals, the government said on… Continue reading US, India reveal roadmap to build secure global clean energy supply chain
Share of mfg in GDP needs to increase, says FM
Nirmala Sitharaman India needs to see an increase in manufacturing contribution to the GDP, said finance minister Nirmala Sitharaman. While giving the keynote speech at the Pondicherry Literature Festival on Sunday, she said that “manufacturing has to be diversified — otherwise we will largely rely only on services — so we will give a lot… Continue reading Share of mfg in GDP needs to increase, says FM
Key flyovers stalled over green nod, PWD plans legal route to clear path
The Public Works Department (PWD) in New Delhi plans to seek court intervention to lift stay orders on several flyover projects. New Delhi: The Public Works Department (PWD) plans to move court for vacating the stay orders on several flyover projects because of the lack of green clearance. According to PWD officials, major projects like… Continue reading Key flyovers stalled over green nod, PWD plans legal route to clear path
Stronger rupee has exporters worried
After the US Fed cut interest rates by 50 basis points, Asian currencies rebounded against the dollar, and the rupee hit a two-month high on Thursday. The strengthening rupee following the interest rate cuts by the US Federal Reserve has started worrying the textiles and chemicals exporters from Gujarat, who are terming it as a… Continue reading Stronger rupee has exporters worried
Fossil fuels will continue to lead energy mix amid slow EV growth and clean energy challenges: McKinsey
Global energy demand is projected to grow significantly, increasing by as much as 18% by 2050. Despite the ongoing shift toward cleaner energy, fossil fuels will continue to play a major role in meeting global energy needs, accounting for 40 to 60% of global energy supply by 2050 due to the slower-than-expected adoption of electric… Continue reading Fossil fuels will continue to lead energy mix amid slow EV growth and clean energy challenges: McKinsey