The authority has also laid down the key performance indicators for officers who will be attached to the CMUs. The National Highways Authority of India (NHAI), in a first, has set up Corridor Management Units (CMUs) for ensuring operation and maintenance of National Highway stretches, a move aimed at focusing more on monitoring the upkeep… Continue reading NHAI creates units focusing on upkeep of highways
Author: Economic Times of India Online News
Swedish EV maker Polestar gets Nasdaq notice on potential de-listing
Polestar has 60 days from the date of the notice to submit a plan of compliance to Nasdaq, it said in a statement. Swedish electric vehicle firm Polestar said on Friday it was notified by the Nasdaq for not meeting the exchange’s listing rules related to the timely filing of the company’s annual report with… Continue reading Swedish EV maker Polestar gets Nasdaq notice on potential de-listing
New e-car norms on way as India looks to build a China Wall on EV street
The detailed guidelines will include details on portal links and the project monitoring agency. Companies already present in India don’t need to register a new subsidiary. New Delhi: India will draw up additional guidelines for investment under the electric vehicle (EV) policy that was announced in March, a government official said. Applications by auto companies… Continue reading New e-car norms on way as India looks to build a China Wall on EV street
NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group
The Mumbai bench of the NCLT allowed Deccan Value Investors’ application and rejected the resolution professional’s application to approve the plan. After a delay of nearly seven years, lenders of Amtek Auto‘s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition. The Mumbai… Continue reading NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group
India makes strong pitch for playing pivotal role in global hydrogen economy
He assured the delegates of India’s capability to meet any scale of production demand for green hydrogen, provided there is sufficient market demand and support. India has the capability to become a leading exporter of green hydrogen and is poised to play a pivotal role in the global hydrogen economy, Secretary, Ministry of New &… Continue reading India makes strong pitch for playing pivotal role in global hydrogen economy
Government working on policy for low grade iron ore beneficiation: Steel Secy
While lump ore or high-grade iron ore contains 65.53% Fe (iron), fines are inferior grade ore and have 64 per cent and less Fe content. The government is working on a policy for low grade iron ore beneficiation, a move that will increase the usage of iron ore with less iron content in steel production.… Continue reading Government working on policy for low grade iron ore beneficiation: Steel Secy
40% of vehicles on roads not insured: Centre tells SC
The ministry of transport has data indicating which vehicles are insured and the validity of insurance. “E-monitoring can easily facilitate the fines of uninsured vehicles,” Jain said. The central govt informed the Supreme Court (SC) that “40% of vehicles on the roads are uninsured”. This information came to light during the ongoing hearing of a… Continue reading 40% of vehicles on roads not insured: Centre tells SC
Rupee to focus on recovery in dollar index, flows
The dollar index and U.S. yields were higher, in a reversal from the moves after the U.S. inflation data came in. Asian currencies were down following Thursday’s rally. The Indian rupee is expected to hold a narrow range on Friday on a recovery in the dollar index post the U.S. inflation data-fuelled selloff, while portfolio… Continue reading Rupee to focus on recovery in dollar index, flows
India plans to scale up green hydrogen production, aims for global leadership: MNRE Secretary
As part of its National Green Hydrogen Mission, India plans to reach an annual production capacity of 5 million tonnes of green hydrogen by 2030. New Delhi: India is setting its sights on becoming a major player in the global green hydrogen market by significantly increasing production, Ministry of New & Renewable Energy (MNRE) Secretary… Continue reading India plans to scale up green hydrogen production, aims for global leadership: MNRE Secretary
Mahindra Group re-appoints Anish Shah as MD and Rajesh Jejurikar as CEO – Know other key announcements
Updated On May 16, 2024 at 04:10 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Rajesh Jejurikar is going to be re-appointed from April 1, 2025 to June 24, 2029 and Anish Shah from April 1, 2025 to March 1, 2030. New Delhi: Mahindra and Mahindra, has today announced about the… Continue reading Mahindra Group re-appoints Anish Shah as MD and Rajesh Jejurikar as CEO – Know other key announcements