“China accounted for over 60% of global EV output and sales,” the report said, praising “the 30% increase in exports of the ‘new trio,’ namely, EVs, lithium-ion batteries, and photovoltaic products.” Chinese electric vehicle makers made a strong showing at the start of the country’s annual parliamentary meeting on Tuesday, bolstered by official recognition of… Continue reading China’s EV bosses take spotlight at political meeting as priorities shift
Author: Economic Times of India Online News
As India makes and consumes more, a new realty sector booms
Last year, global logistics operator DP World opened its 3.80-lakh sq ft warehousing facility at in Maharashtra, to cater to businesses in segments such as agriculture, EVs, and chemicals. Upbeat economic growth and the government’s focus on building highways and improving logistics are driving growth in India’s warehousing sector. Blackstone Inc. plans to more than… Continue reading As India makes and consumes more, a new realty sector booms
Government makes mandatory installation of sensors on bridges, monitor their real time health
The exact type and number and locations of sensors for existing bridges will be finalised and approved by senior highway engineers. Road transport and highways ministry has made it mandatory to install sensors on bridges, including gadgets to detect corrosion, and monitor their real time health. The ministry on Monday issued its guidelines for identification… Continue reading Government makes mandatory installation of sensors on bridges, monitor their real time health
Norikatsu Ishida, Director, Samvardhana Motherson International, resigns
SWS has diluted its holdings below 10% (i.e 9.89%), Samvardhana Motherson International Ltd. will be requested by SWS and H K Wiring System Ltd., to initiate the process to reclassify SWS as a public shareholder in accordance with applicable regulations. New Delhi: Norikatsu Ishida, a nominee director of Sumitomo Wiring Systems (SWS) Ltd, Japan resigned… Continue reading Norikatsu Ishida, Director, Samvardhana Motherson International, resigns
Rupee turns flat at 82.90 against US dollar in early trade
Representative image. The rupee stayed flat at 82.90 against the US dollar in early trade on Wednesday, resisting downward pressure from a stronger American currency and volatile crude oil prices in the overseas markets. The local unit was also dragged down by the negative sentiment in the equity markets, however, it found support due to… Continue reading Rupee turns flat at 82.90 against US dollar in early trade
US court sides with Apple, Tesla, other tech companies over child labor in Africa
In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia ruled in favor of Google parent Alphabet, Apple, Dell Technologies, Microsoft and Tesla, rejecting an appeal by former child miners and their representatives. A federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support… Continue reading US court sides with Apple, Tesla, other tech companies over child labor in Africa
As India gets poll ready, FTA talks with UK in last leg
Representative image. India and the UK are in the final stages of negotiating a free trade agreement with time running out as New Delhi gets ready to hold general elections in the next two months. A team of British trade negotiators is visiting New Delhi to iron out differences on India’s demand for more visas… Continue reading As India gets poll ready, FTA talks with UK in last leg
Audi charging hub in Frankfurt is easy, fast, and without barriers
Audi charging hub Audi opens its sixth charging hub in Frankfurt am Main. At Orber Straße, the drivers of electric cars of all makes can charge their vehicles with up to 320 kW of power using four high-power-charging (HPC) stations. While their car charges, users can have an enjoyable experience at the adjacent Klassikstadt Frankfurt.… Continue reading Audi charging hub in Frankfurt is easy, fast, and without barriers
Need for global synergy and collaboration to reach national EV goals by 2030: Dr. Hanif Qureshi
Picture Source: The Brake Report New Delhi: Global synergy and international collaboration with other countries are necessary to achieve the ambitious 49% CAGR for electric vehicles (EVs) by 2030. The Government schemes such as FAME (Faster Adoption and Manufacturing of Electric Vehicles) and the Production Linked Incentive (PLI) scheme for advanced chemistry cells are positive… Continue reading Need for global synergy and collaboration to reach national EV goals by 2030: Dr. Hanif Qureshi
Heavy industries ministry weighs reduction of GST on flex fuel vehicles
Flex fuel is an alternative fuel made of a combination of petrol and methanol or ethanol. The heavy industries ministry is examining requests seeking reduction in GST on flexible fuel vehicles (FFVs) from the current 28%, sources said. The ministry is in consultation with various stakeholders and other government departments. Once the consultations are completed,… Continue reading Heavy industries ministry weighs reduction of GST on flex fuel vehicles