The dollar/rupee pair “is now in a phase” where dips to 83.20-83.25 will find buyers, while 83.40 will bring in sellers, he said. The Indian rupee is expected to open little changed on Friday, despite a pick-up in U.S. inflation which spurred a rise in U.S. Treasury yields and further reduced the likelihood of imminent… Continue reading Rupee to see muted reaction to US inflation flare-up
Author: Economic Times of India Online News
Beijing auto show: Themes and highlights
BYD said it will launch the Song L SUV with the company’s self-developed smart driving system in June. China’s largest auto show opened in Beijing with the biggest names showing off their latest electric vehicles (EVs), underlining how the world’s largest auto market is already in an all-electric state of mind, and isn’t looking back.… Continue reading Beijing auto show: Themes and highlights
Honda announces USD 11 bn EV battery and vehicle plant in Canada
Since 2021, Honda has made big outlays as it aggressively pursues its objective of becoming 100 percent electric in its automobile segment by 2040. Japanese auto giant Honda announced Thursday the largest automotive investment in Canada’s history, worth Can$15 billion (USD 11 billion), for a massive new EV battery and vehicle assembly plant. Honda chief… Continue reading Honda announces USD 11 bn EV battery and vehicle plant in Canada
SJVN inaugurates India’s first multipurpose Green Hydrogen pilot project
The state-of-the-art Green Hydrogen pilot project is set to produce 14 kg of Green Hydrogen daily in eight hours of operation. New Delhi: Power major SJVN Ltd has achieved a significant milestone with the inauguration of India’s first multipurpose Green Hydrogen Pilot Project at its 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Himachal… Continue reading SJVN inaugurates India’s first multipurpose Green Hydrogen pilot project
Data centres, EVs and green hydrogen to create upside for long-term power demand growth: Nikhil Nigania
Nikhil Nigania “But that said, there are new use cases of power coming up. One is data centres. Second is electric vehicles. And third is green hydrogen. So, all these three combined create the possibility of upside to this long-term demand growth expectation for the power sector in India,” says Nikhil Nigania, Director, Bernstein. I… Continue reading Data centres, EVs and green hydrogen to create upside for long-term power demand growth: Nikhil Nigania
Vedanta demerger likely to get nod from lenders by May end
Vedanta’s consolidated net sales fell 6% on year to INR 34,937 crore. Consolidated net profit fell 27% on year to INR 2,273 crore. Key lenders are likely to give their approval for the revenue stream-wise demerger of Vedanta by the end of May, a senior executive at the natural resources conglomerate told ET. “Right now,… Continue reading Vedanta demerger likely to get nod from lenders by May end
MG Motor India installs 500 EV chargers in 500 days
Updated On Apr 26, 2024 at 07:50 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The company has also partnered with the Shoonya, Zero Pollution Mobility campaign, led by NITI Aayog, to promote electric vehicles, the release added. New Delhi: MG (Morris Garages), a British automobile brand, has set up 500… Continue reading MG Motor India installs 500 EV chargers in 500 days
Ohmium partners with Tata Projects to advance green hydrogen initiatives in India
Ohmium will provide PEM electrolyzers while Tata Projects will manage the entire EPC process, including engineering, design, integration, and optimization. New Delhi: Ohmium International (Ohmium), one of the leading green hydrogen companies that design, manufactures, and deploys advanced Proton Exchange Membrane (PEM) electrolyzers, announced a strategic partnership with Tata Projects, one of the leading sustainable… Continue reading Ohmium partners with Tata Projects to advance green hydrogen initiatives in India
Amid green push, professionals rush to arm themselves with ESG skills
Emeritus has integrated ESG and sustainability in business across senior-executive programmes for C-suite leaders, and is seeing fourfold growth in its learner base. As companies adopt stricter environmental, social and governance (ESG) regulations amid India’s push to achieve net-zero emissions by 2070, Indian professionals are making a beeline for edtech platforms to upskill themselves in… Continue reading Amid green push, professionals rush to arm themselves with ESG skills
Sany Heavy Industry India sales, service office opened in Rayagada, Odisha
Deepak Garg at Rayagada Launch New Delhi: Sany Heavy Industry India Pvt Ltd, a leading global provider of construction machinery and equipment, has announced the opening of Raghunath Machinary head office in Rayagada, Odisha. The facility will provide access to sales, service, and spare parts to its customers in the southern and western Odisha regions,… Continue reading Sany Heavy Industry India sales, service office opened in Rayagada, Odisha