The move is aimed at reducing costs and improving profitability of the product, said people privy to the development. The revised payout structure will be applicable for all sourcing with effect from June 1. In a first for the bank, State Bank of India, the country’s largest lender, is set to link the commission it… Continue reading SBI changes gears, links car dealer commissions to their performance
Author: Economic Times of India Online News
Tata Motors to invest in products, platforms, and vehicle software to be competitive: Chairman
Updated On May 31, 2024 at 08:09 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Tata Group chairman N Chandrasekaran New Delhi: Amidst the growth trend of India’s passenger vehicle (PV) industry, Tata Motors sees the business to invest in products, platforms, electrical and electronic architectures, and vehicle software to remain… Continue reading Tata Motors to invest in products, platforms, and vehicle software to be competitive: Chairman
JSW Steel eyes 50% market share in coated steel segment
JSW Steel targets a 50% market share in this coated segment within one year of Magsure’s launch in India, the spokesperson said. New Delhi: JSW Steel on Thursday announced the rollout of zinc-magnesium-aluminium alloy coated steel and aims to capture 50% market share in the segment within one year’s time. JSW Steel has invested around… Continue reading JSW Steel eyes 50% market share in coated steel segment
Italy, Germany, Austria sign cooperation deal on southern hydrogen link
The EU aims to produce 10 million metric tons and import 10 mn tons of green hydrogen by 2030 in a bid to replace fossil fuels, which emit planet-warming gases when burned. Italy, Germany and Austria have signed an agreement to cooperate on the development of a network to transport hydrogen from the southern Mediterranean… Continue reading Italy, Germany, Austria sign cooperation deal on southern hydrogen link
Rupee inches up alongside equities, eyes exit polls
“Today, the initial downside momentum has been probably fuelled by inflows,” he said, referring to the inflows from MSCI’s May review. The Indian rupee rose on Friday amid likely inflows and a recovery in the indexes ahead of the release of the exit polls of the national elections. The rupee was at 83.2750 to the… Continue reading Rupee inches up alongside equities, eyes exit polls
Uttar Pradesh to become EV manufacturing hub: Chief Secretary Durga Shanker Mishra
Mishra emphasised the importance of providing facilities such as cafes, entertainment, seating, and relaxation areas at charging centers, as charging electric vehicles takes time unlike petrol or diesel refueling. “India aims to achieve net-zero emissions by 2070, and Uttar Pradesh is striving to become a hub for electric vehicles (EV) manufacturing. The UP government is… Continue reading Uttar Pradesh to become EV manufacturing hub: Chief Secretary Durga Shanker Mishra
Tesla Power India asks vendors to remove Tesla marks from EVs amid trademark dispute
According to Khurana, Tesla Power had been in business for years and has over a million customers in India. Gurugram-based Tesla Power India on Thursday told the Delhi High Court that it has written to its vendors and partners for removal of the Tesla marks on electric scooters after US electric vehicle giant Tesla Inc… Continue reading Tesla Power India asks vendors to remove Tesla marks from EVs amid trademark dispute
NSE Indices launches India’s first Electric Vehicle Index
The index’s base date is April 2, 2018, with a base value of 1000. It will undergo semi-annual reconstitution and quarterly rebalancing. New Delhi: NSE Indices Limited, a subsidiary of the National Stock Exchange (NSE) specialising in index services on Thursday introduced a new thematic index – the Nifty EV & New Age Automotive Index.… Continue reading NSE Indices launches India’s first Electric Vehicle Index
MNRE exempts SEZ, EOU-based renewable plants from ALMM for green hydrogen production
The move is in accordance with the approval from the Minister for power & new and renewable energy R. K. Singh and is designed to spur significant advancements in the country’s green hydrogen initiatives. New Delhi: The ministry of new & renewable energy (MNRE) has issued a directive exempting renewable energy plants located within special… Continue reading MNRE exempts SEZ, EOU-based renewable plants from ALMM for green hydrogen production
Delhi High Court seeks details from Tesla Power India in trademark case with Tesla Inc
According to Khurana, Tesla Power had been in business for years and has over a million customers in India. The Delhi High Court on Tuesday asked Gurugram-based Tesla Power India to furnish an affidavit detailing the number of electric vehicle scooters sold and the current stocks available with it in a trademark case filed by… Continue reading Delhi High Court seeks details from Tesla Power India in trademark case with Tesla Inc