The 2024-25 interim budget has allocated INR 2,78,000 crore for road, transport and highways as against INR 2,70,434.71 crore initially allocated for 2023-24. New Delhi: The Ministry of Road Transport and Highways, in the first 100 of the formation of the next government, could unveil a mega plan for building 50,000 km of new, access-controlled,… Continue reading Road ministry working on mega plan for building 50,000 km of new, access-controlled, expressways
Author: Economic Times of India Online News
China’s auto factory capacity is not growing fast, industry group says
In similar remarks on Tuesday, Cui Dongshu, secretary general of the China Passenger Car Association (CPCA) said that “China’s new energy vehicle sector has yet to reach severe overcapacity levels,” in response to U.S. Treasury Secretary Janet Yellen talking up Chinese overcapacity in EVs during her latest China trip. Updated On Apr 10, 2024 at… Continue reading China’s auto factory capacity is not growing fast, industry group says
Rupyy posts USD 2 bn loan disbursal run rate in FY24
The brand aims to continue its revenue growth while expanding its footprint to over 2,000 cities across the country. New Delhi: Rupyy, India’s leading lending fintech platform in the financing industry has clocked an annualized loan disbursal run rate of about USD 2 billion by the end of FY24. Rupyy’s achievements can be credited to… Continue reading Rupyy posts USD 2 bn loan disbursal run rate in FY24
Hindu New Year boosts real estate, auto sector biz
Automobile dealers said many customers had paid in advance and booked the delivery on Gudi Padwa. Encouraging enquiries in the property market and heavy rush of customers at automobile showrooms was witnessed as Hindu New Year started on Tuesday. Property sales already ruling high in Indore are all set to get a fillip during the… Continue reading Hindu New Year boosts real estate, auto sector biz
AI could add 1 million tons to copper demand by 2030, says Trafigura
China is the world’s largest producer and consumer of copper. Copper demand linked to artificial intelligence and data centres could add up to one million metric tons by 2030 and exacerbate supply deficits towards the end of the decade, commodity trader Trafigura said. The energy transition, which includes electric vehicles and renewable energy technologies, is… Continue reading AI could add 1 million tons to copper demand by 2030, says Trafigura
US natgas will be cheaper than coal in 2024 for the first time, EIA says
EIA said gas’ share of power generation would hold at 42% in 2024, the same as 2023, before easing to 41% in 2025. Coal’s share, however, will drop from 17% in 2023 to 15% in 2024 and 14% in 2025. U.S. natural gas will be cheaper to burn than coal in 2024 for the first… Continue reading US natgas will be cheaper than coal in 2024 for the first time, EIA says
Deadline extended for submission of R&D proposals under Green Hydrogen Mission
The green hydrogen mission will gradually lead to the decarbonization of industrial, transport, and energy sectors, and a reduction in dependence on imported fossil fuels, among others. The Ministry of New and Renewable Energy has extended the deadline until April 27 for the submission of R&D proposals under the National Green Hydrogen Mission. The R&D… Continue reading Deadline extended for submission of R&D proposals under Green Hydrogen Mission
Court upholds California’s authority to set nation-leading vehicle emission rules
The state’s authority to set its own standards “has really kept vehicle emissions from completely stagnating,” Carlson said. California can continue to set its own nation-leading vehicle emissions standards, a federal court ruled Tuesday – two years after the Biden administration restored the state’s authority to do so as part of its efforts to reverse… Continue reading Court upholds California’s authority to set nation-leading vehicle emission rules
Solar energy to power EV charging stns
“The company will eventually shift all 18 charging stations to solar power,” Rajendra Pawar added. MSEDCL’s all electric vehicle charging stations will soon run on solar power. The electricity to operate them would be generated through solar power stations in the same area, a statement from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) said.… Continue reading Solar energy to power EV charging stns
Steel industry says surge in imports ‘warning signal’ for country’s Atmanirbhar mission
In the near-term, the focus should be on reducing import duties on key raw materials such as ferro nickel, molybdenum concentrate, and ferro molybdenum. The Indian steel industry has expressed concern over India becoming a net importer of steel in 2023-24, saying is it is a “warning signal” for the country which strives to become… Continue reading Steel industry says surge in imports ‘warning signal’ for country’s Atmanirbhar mission