Novotel Visakhapatnam, Varun Beach has partnered with Urzza Charge Tech to enhance electric vehicle infrastructure in Andhra Pradesh. Visakhapatnam: Novotel Visakhapatnam, Varun Beach, announced a collaboration with Urzza Charge Tech, a Visakhapatnam-based company working in the electric vehicle charging landscape, on Sunday. The collaboration aims to advance the electric vehicle infrastructure across Andhra Pradesh, building… Continue reading EV charging network to be improved in Andhra Pradesh
Author: Economic Times of India Online News
Rupee to take support on rising odds of large Fed rate cut
“There are good arguments for and against the Fed being more proactive, HSBC Bank said in a note. The Indian rupee is expected to receive a boost on Monday from the increasing probability that the U.S. Federal Reserve will deliver a 50-basis-point rate cut in the week. The 1-month non-deliverable forward indicated that the rupee… Continue reading Rupee to take support on rising odds of large Fed rate cut
Sri Lanka to lift ban on vehicle imports by Feb 2025
Sri Lanka will lift its vehicle import restrictions in phases starting October 1. Colombo: Sri Lanka will lift the restrictions on the import of all vehicles in a phased-out manner by February next year as part of the island nation’s efforts to “restore normalcy in the economy”, according to an official release. The ban would… Continue reading Sri Lanka to lift ban on vehicle imports by Feb 2025
Age is no limit, Car conditions are
Government of India’s decision to base the end-of-life criteria for vehicles on fitness and pollution levels, rather than age, aims to promote better vehicle maintenance and reduce pollution. GoI’s decision to consider fitness and pollution rather than age to determine the end of life of vehicles is a step in the right direction. This change… Continue reading Age is no limit, Car conditions are
US locks in steep China tariff hikes, some industries warn of disruptions
The Biden administration has confirmed significant tariff hikes on Chinese imports. The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries from China’s state-driven industrial practices. The U.S. Trade Representative’s office said that many of the tariffs, including a… Continue reading US locks in steep China tariff hikes, some industries warn of disruptions
Green Hydrogen a historic opportunity to redefine energy systems, create jobs in India
According to Professor Ajay K Sood, Principal Scientific Adviser to the government, the commitment to Green Hydrogen is not just about meeting emission targets. India has ushered into a new era of energy transition driven by a shared commitment to advancing the ‘Hydrogen Agenda‘, Minister of State for Power and New and Renewable Energy, Shripad… Continue reading Green Hydrogen a historic opportunity to redefine energy systems, create jobs in India
PLI Auto scheme helps create over 30,000 jobs: Centre
The ministry supported the domestic mobility industry in its move towards sustainable advanced technologies including electrification in line with current global practices with an outlay of INR 2,938 crore,” said Kumaraswamy. New Delhi: The production-linked incentive (PLI) Auto scheme has helped generate more than 30,000 jobs till March this year, the government has said. The… Continue reading PLI Auto scheme helps create over 30,000 jobs: Centre
Improvement in driving discipline must before hiking speed limit: Transport secy
Union road transport minister Nitian Gadkari has spoken about increasing the speed limit. Union road transport secretary Anurag Jain said govt is not in favour of increasing the maximum speed limit from the current 100 kmph to 120 kmph on national highways until there is significant improvement in discipline among road users, including drivers. On… Continue reading Improvement in driving discipline must before hiking speed limit: Transport secy
India’s coal production surges by 5.85 %, reaches 411.62 MT so far in FY 2024-25
Coal India Limited (CIL), the major player in the coal sector, has also contributed to this growth. New Delhi [India]: The coal production in the country increased substantially during the fiscal year 2024-25, as per the Ministry of Coal. As per the ministry data on Friday, the production reached a provisional total of 411.62 million… Continue reading India’s coal production surges by 5.85 %, reaches 411.62 MT so far in FY 2024-25
China "disappointed" after EU rejects EV exports proposal
China’s commerce minister Wang Wentao will travel to Brussels next week in a last-ditch effort to stop the tariffs. China said it was “deeply disappointed” on Friday with the European Commission‘s decision to reject a minimum import price proposal aimed at warding off tariffs on Chinese electric vehicles. The European Commission, which leads the EU’s… Continue reading China "disappointed" after EU rejects EV exports proposal