Perfect ID, recognizing the critical need, has invested in new equipment over the past few months, expanding its FASTags production capacity by 40%. New Delhi: Perfect ID, leading manufacturer of FASTags, and a subsidiary of Syrma SGS Technology Limited. is preparing to meet the rise in demand for FASTags triggered by the recent Reserve Bank… Continue reading Perfect ID gets ready to meet surge in replacement demand for FASTags
Author: Economic Times of India Online News
Auto Inc signs 24 deals worth USD 357 mn in Q1 2024
Of the 24 deals, 6 were M&A activities valuing USD 172 mn and 18 were PE and VC activities valuing USD 185 mn. New Delhi: As the Indian automotive industry continues its path to sustained recovery against the backdrop of global macroeconomic challenges and a broader market slowdown, the sector has witnessed a trend of… Continue reading Auto Inc signs 24 deals worth USD 357 mn in Q1 2024
Amplus Solar plans to launch distributed green hydrogen projects by next year
He added that the company does not plan to enter manufacturing of electrolysers and instead plans to buy and then supply those technologies. New Delhi: Amplus Solar plans to come up with distributed green hydrogen projects by next year, Sharad Pungalia, chief executive officer and managing director, Amplus Solar, told ETEnergyWorld in an exclusive interaction.… Continue reading Amplus Solar plans to launch distributed green hydrogen projects by next year
Arcelormittal Nippon Steel India in talks for USD 1 bn loan
The company is a joint venture between major steelmakers ArcelorMittal South Africa Ltd. and Japan’s Nippon Steel Corp. Arcelormittal Nippon Steel India Ltd., a joint venture between two of the world’s leading steel makers, is in talks with banks to raise about 85 billion rupees (USD 1 billion), according to people familiar with the matter,… Continue reading Arcelormittal Nippon Steel India in talks for USD 1 bn loan
As private vehicles surpass 1 crore mark, BMTC fleet size shrinks
Mobility experts, though, suggest that considering the growing population of Bengaluru, BMTC should have a fleet size of 10,000 buses to effectively serve Bengaluru’s transportation needs. The number of private vehicles in Bengaluru may have surpassed one crore during 2023-24, but the strength of the city’s public bus fleet has shrunk to 6,073 — the… Continue reading As private vehicles surpass 1 crore mark, BMTC fleet size shrinks
Cost, speed top priority for logistics sector: Last-Mile Trends Report 2024
Updated On Apr 22, 2024 at 07:50 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The report was based on insights gathered from over 300 leaders across five continents, representing companies with a combined revenue exceeding USD 100 billion. Cost and speed has now become the top priority of the firms… Continue reading Cost, speed top priority for logistics sector: Last-Mile Trends Report 2024
Indian rupee is now aiming to be world’s alternate reserve currency
Currently, India is the fastest growing major developing economy in the world. The Indian Rupee (INR) has fallen sharply against the US Dollar (USD) in the last one month. This has resulted in the purchasing power of the INR in the international market diminishing and has increased import costs significantly. India, which is heavily dependent… Continue reading Indian rupee is now aiming to be world’s alternate reserve currency
Indian Biogas Association joins hands with HAI to promote hydrogen
The green hydrogen market in India is forecasted to achieve a total worth of USD 8 billion by 2030 and USD 340 billion by 2050, Kedia informed. Indian Biogas Association (IBA) has partnered with Hydrogen Association of India (HAI) to promote bio-based energy solutions with a special emphasis on green and blue hydrogen. Talking to… Continue reading Indian Biogas Association joins hands with HAI to promote hydrogen
China auto sector steps up Europe push with Spain plant
China is the biggest electric vehicle market in the world. Of all new electric vehicles sold globally in December last year, 69 percent were in China, according to the research firm Rystad Energy. Chinese carmaker Chery signed a deal Friday to produce mainly electric vehicles in Spain, as Beijing’s auto sector pushes ahead with plans… Continue reading China auto sector steps up Europe push with Spain plant
Offer-for-sale for Hindustan Zinc likely in three months, says CEO
Hindustan Zinc had proposed a corporate restructuring in September last year, where it looked to create three different entities for zinc and lead, silver and its recycling business. An offer-for-sale announcement for Hindustan Zinc is likely from the government within three months, said chief executive officer Arun Misra. “An OFS was always on the cards,… Continue reading Offer-for-sale for Hindustan Zinc likely in three months, says CEO