Honeywell has already secured the commitment of Civitanavi’s controlling shareholder, which owns approximately 66% of Civitanavi’s outstanding shares, to tender its shares. New Delhi: Honeywell has announced the intention to acquire the entire share capital of Civitanavi Systems S.p.A. Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a… Continue reading Honeywell to acquire Civitanavi Systems for aerospace navigation solutions
Author: Economic Times of India Online News
SIAM hosts 18th Styling & Design Conclave alongside 16th Automotive Design Challenge
Prashant K Banerjee, Executive Director, SIAM, said, “For Rising India, the time is ripe for styling Indian Automobiles and Mobility with indigenous designs.” New Delhi: The Society of Indian Automobile Manufacturers (SIAM), organised the 18th SIAM Styling and Design Conclave alongside the 16th Automotive Design Challenge (ADC) on 22nd March 2024 at Hotel Ramada Plaza… Continue reading SIAM hosts 18th Styling & Design Conclave alongside 16th Automotive Design Challenge
IndianOil order for Zetwerk to set up over 1400 EV fast chargers in India
Fuelling IndianOil’s ambitious green agenda, Zetwerk shall be setting up 1400-plus EV chargers with a capacity of 50-60kW and 100-120kW. New Delhi: Zetwerk, world’s largest managed marketplace for contract manufacturing, has secured an order from Indian Oil Corporation Limited (IOCL) to set up EV fast chargers across India through competitive bidding which was participated by… Continue reading IndianOil order for Zetwerk to set up over 1400 EV fast chargers in India
Automakers face ‘daunting’ task to meet 2032 EV rules, industry says
The EPA rule cuts vehicle emissions by 49% by 2032 compared with 56% under the initial proposal. Automakers face “daunting” government regulations to sell half of new vehicles by 2030 as electric or plug-in hybrids despite a U.S. decision to soften the final rules over its initial, tougher proposal, a top industry official said on… Continue reading Automakers face ‘daunting’ task to meet 2032 EV rules, industry says
Adani’s copper unit in Mundra begins operations
Adani Enterprises is investing nearly USD 1.2 billion to set up a copper smelter with 0.5 million tonnes capacity in the first phase. Adani group on Thursday announced start of its maiden copper plant at Mundra in Gujarat. Adani Enterprises is setting up plant with 1 million tonnes capacity in two phases. “Close to USD… Continue reading Adani’s copper unit in Mundra begins operations
Rupee likely to inch up at open but slight downward bias lingers
Non-deliverable forwards indicate the rupee will open at around 83.33-83.34 to the U.S. dollar, higher from its close at 83.3725 in the previous session. The Indian rupee is likely to open marginally higher on Thursday after the currency slipped to a record low in the previous session, prompting the central bank to intervene. Non-deliverable forwards… Continue reading Rupee likely to inch up at open but slight downward bias lingers
Transportation authority approves New York’s congestion pricing plan
Vehicle owners whose adjusted gross annual income is no more than USD 50,000 or received low-income benefit may qualify for 50% discounts for some trips or for New York state tax credits under the plan. The Metropolitan Transportation Authority (MTA) board voted on Wednesday to approve the toll rates for Manhattan’s congestion pricing program, the… Continue reading Transportation authority approves New York’s congestion pricing plan
How India became a talent pool for the global shipping industry
The four years between 2013 and 2017 saw a growth of 42.3% in shipboard jobs for Indian sailors. The freight ship collision that led to the collapse of a bridge in Baltimore, US, could have been a bigger catastrophe had it not been for quick thinking by the 22-member Indian crew on board Dali. Sailors… Continue reading How India became a talent pool for the global shipping industry
Faster adoption of decarbonisation to create millions of jobs: US Ambassador
“I guarantee you, the quicker we do this (decarbonising), the more job opportunities there will be. India will do it first and foremost, for herself,” the US Ambassador said. New Delhi: Decarbonisation will create millions of jobs in India, US Ambassador to the country Eric Garcetti said, as he made a case for faster adoption… Continue reading Faster adoption of decarbonisation to create millions of jobs: US Ambassador
Tata Passenger e-mobility partners with HP to set up EV charging stations across India
The two companies are also exploring the introduction of a convenient payment system through a co-branded RFID card, which will make the charging experience hassle-free. Tata Passenger Electric Mobility Ltd. (TPEM), has signed an MOU with Hindustan Petroleum Corporation Ltd. (HPCL) to collaborate in establishing public charging stations across India. The collaboration will leverage HPCL’s… Continue reading Tata Passenger e-mobility partners with HP to set up EV charging stations across India