This will not just help meet the rising fuel demand of the world’s fastest growing economy but also help the firm meet its target of achieving net zero carbon emissions by 2040. New Delhi: Bharat Petroleum Corporation Ltd (BPCL) plans to invest INR 1.7 lakh crore over the next five years in its core oil… Continue reading BPCL to invest INR 1.7 lakh cr in core, new energy business
Author: Economic Times of India Online News
Tesla to invest over USD 500 mn on Supercharger network expansion
This comes after Tesla emailed its customers in Australia to update them on Supercharging amidst growing concerns about service quality following layoffs. New Delhi: Tesla CEO Elon Musk on Friday said that the company will be investing more than USD 500 million in its Supercharger network to create thousands of new chargers in 2024. “Tesla… Continue reading Tesla to invest over USD 500 mn on Supercharger network expansion
Gensol Engineering appoints Rajesh Jain as Independent Director
Rajesh Jain New Delhi: Gensol Engineering Limited, a key player in solar power engineering, procurement, and construction (EPC) services and electric mobility solutions, announced the appointment of Rajesh Jain as an independent director to its board. Rajesh Jain, who recently retired as a senior partner at Walker Chandiok & Co LLP after over 20 years… Continue reading Gensol Engineering appoints Rajesh Jain as Independent Director
Rupee helped by dip in US yields, while election uncertainty weighs
While too much should not be read into one round of data, the incoming data will be watched very closely for further evidence that the labour market momentum may be slowing, ANZ Bank said in a note. The Indian rupee on Friday will be aided by the drop in U.S. Treasury yields on indications that… Continue reading Rupee helped by dip in US yields, while election uncertainty weighs
Trump vows to target EVs, LNG exports in meeting with oil CEOs, report says
Trump told the chief executives that giving USD 1 billion would be a “deal” for them, according to the report. Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration‘s environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise USD 1 billion… Continue reading Trump vows to target EVs, LNG exports in meeting with oil CEOs, report says
Green steel needs tiered incentives to become reality in Asia: Russell
A further looming and massive obstacle is the current pricing structure for steel, given that as yet there is no real premium for producing low-carbon metal in Asia and little sign that is on the horizon. It’s time for a reality check about decarbonising Asia’s vast and growing steel sector. Reducing the carbon footprint is… Continue reading Green steel needs tiered incentives to become reality in Asia: Russell
US set to impose tariffs on China EVs and other strategic sectors, Bloomberg reports
The Biden administration has also been pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there. The Biden administration is set to announce new China tariffs next week that target strategic sectors including electric vehicles, batteries and solar equipment, Bloomberg News reported on Thursday. The full announcement,… Continue reading US set to impose tariffs on China EVs and other strategic sectors, Bloomberg reports
TVS Motor Co expects 25-30% of 2-wheeler sales to come from EVs: MD Sudarshan Venu
Sudarshan Venu, Managing Director, TVS Motor Company TVS Motor Company expects electric vehicles to account for 25-30% of its total two-wheeler sales in the next two to three years, according to Managing Director Sudarshan Venu. The company, which had earlier this year reiterated its commitment to invest INR 5,000 crore towards design, development and deployment… Continue reading TVS Motor Co expects 25-30% of 2-wheeler sales to come from EVs: MD Sudarshan Venu
Hydrogen is fuel of the future, vehicles will run on green fuels in coming years says Nitin Gadkari
“I want motorcycles, e-rickshaws, auto-rickshaws and cars to be 100% ethanol-based in the next few years,” Gadkari, the Union Minister for Road Transport and Highways, said. Hailing hydrogen as the “fuel of the future”, Union minister Nitin Gadkari on Wednesday asserted that vehicles in the country would run on green fuels in the coming years.… Continue reading Hydrogen is fuel of the future, vehicles will run on green fuels in coming years says Nitin Gadkari
TVS Motor to launch new variants of iQube, e3W in FY25
Updated On May 9, 2024 at 10:55 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals TVS Motor Company reported 15% growth in its consolidated net profit to INR 387 crore for the January-March 2024 quarter. New Delhi: In an attempt to cater to customers at multiple price points, Chennai-based TVS Motor… Continue reading TVS Motor to launch new variants of iQube, e3W in FY25