As per Fortune Business Insights, the Indian EV market is projected to grow from USD 23.38 billion in 2024 to USD 117.78 billion by 2032, exhibiting a CAGR of 22.4% during the forecast period. New Delhi: Electric Vehicles (EVs) are a transformative force in the fight against climate change and by significantly reducing greenhouse gas… Continue reading EVs are transformative force in fight against climate change: Experts
Author: Economic Times of India Online News
E-Fill Electric Joins with DevvStream for carbon credit generation from EV charging network
This agreement is anticipated to establish a new revenue stream for E-Fill Electric, enabling the expansion of the company’s R&D and manufacturing capabilities. New Delhi:As the world celebrates World Environment Day, E-Fill Electric, a pioneering provider of technology-driven electric vehicle (EV) solutions, and DevvStream Holdings Inc., a leading carbon credit project co-development and generation firm… Continue reading E-Fill Electric Joins with DevvStream for carbon credit generation from EV charging network
Zypp Electric launches new initiative on World Environment Day to plant 1 mn trees by 2030
Zypp Electric has partnered with a renowned social enterprise named Grow-Trees to ensure the successful execution of the Green’o’Meter initiative. Zypp Electric, a leading tech-enabled EV-as-a-service platform, has launched its Green’o’Meter initiative on World Environment Day, with the ambitious goal of planting 1 million trees by 2030. This initiative aligns with Zypp Electric’s mission of… Continue reading Zypp Electric launches new initiative on World Environment Day to plant 1 mn trees by 2030
Australia’s first ‘green bond’ a USD 4.8 bn hit with markets
Canberra said it had sold USD 4.8 billion-worth of 10-year bonds, which are designed to finance projects that promise to be more environmentally friendly. Australia said its first “green bond” raised billions of dollars and was vastly oversubscribed Tuesday, a boost for those backing a bigger role for markets in tackling climate change. Canberra said… Continue reading Australia’s first ‘green bond’ a USD 4.8 bn hit with markets
Maruti Suzuki to open pilot Biogas plant at Manesar facility investing INR 450 cr
The pilot plant is designed to produce 0.2 tons of biogas daily. The anticipated output is about 1 lac standard cubic meters of biogas in FY 2024-25. New Delhi: Maruti Suzuki India Limited (MSIL) commences a pilot Biogas plant at its Manesar facility in the fiscal year 2024-25, harnessing the untapped potential of in-house food… Continue reading Maruti Suzuki to open pilot Biogas plant at Manesar facility investing INR 450 cr
Iron ore extends fall on softening China steel demand, bets of high supply
“But some steel mills may return to stockpile cargoes to meet production needs over the upcoming Dragon Boat Festival following persistent price falls, which may limit price loss,” Sinosteel’s Cheng added. Iron ore futures prices extended their decline to a fifth straight session on Wednesday, pressured by faltering steel demand and expectations of high shipments… Continue reading Iron ore extends fall on softening China steel demand, bets of high supply
Rupee to count on central bank’s help amid portfolio outflows
The rupee posted its biggest single-day percentage decline in a year on Tuesday after Prime Minister Narendra Modi-led alliance’s narrower-than-expected win prompted foreign investors to dump Indian equities. The Indian rupee will rely on the central bank stepping in to defend the currency on Wednesday, amid likely foreign portfolio outflows following the unexpected outcome of… Continue reading Rupee to count on central bank’s help amid portfolio outflows
Tata Motors Finance merges with Tata Capital
In FY 24, TCL and TMFL reported a profit after tax of INR 3,150 crore and INR 52 crore respectively. New Delhi: The Board of Directors of Tata Motors Limited (TML), Tata Capital Limited (TCL) and Tata Motors Finance Ltd (TMFL) Tuesday approved the merger of TMFL with TCL through an NCLT scheme of arrangement.… Continue reading Tata Motors Finance merges with Tata Capital
How smart manufacturing is driving workforce growth and sustainability
“Smart manufacturing is a force for good, enabling companies to prosper in a world that is becoming more ecologically sensitive and competitive. It is more than just a revolution in technology,” added Jain. New Delhi: Smart manufacturing is the main driver of efficiency, sustainability, and workforce expansion in today’s evolving industrial landscape. According to a… Continue reading How smart manufacturing is driving workforce growth and sustainability
UK-based cleantech firm Ceres signs contract with Shell for green hydrogen
“Key to this is the significant efficiency gains offered by SOEC technology, which results in about 35% more hydrogen produced per unit of electrical energy when coupled with heat from industrial processes,” it added. Ceres Power Holdings, a UK-based developer of clean energy technology, on Tuesday said it has been awarded a further contract for… Continue reading UK-based cleantech firm Ceres signs contract with Shell for green hydrogen