Representative image. Award of road contracts fell to its lowest level in a decade in 2023-24 and is way behind the target for the current fiscal, official data showed. It comes in the backdrop of the Centre’s resolve that no new liability is to be created under the Bharatmala Pariyojana Phase -I. Data from the… Continue reading Road contract awards in India hit decade-low in 2023-24, significantly below target
Author: Economic Times of India Online News
Continental to divest Finnish stud-specialist Tikka Spikes Oy through management buyout
Tikka Spikes will be taken over by the new owners. It has been agreed that supply, development and testing partnerships with Continental will be continued. Continental has announced the divestiture of Finnish spikes specialist Tikka Spikes Oy as part of a management buy-out. Parts of Tikka’s current management team led by Juha Rautiainen will acquire… Continue reading Continental to divest Finnish stud-specialist Tikka Spikes Oy through management buyout
Mercedes Benz introduces flexible EV charging system
The charging system detects the different adapters itself and sets the optimum charging power. The Flexible Charging System Pro from Mercedes Benz is the perfect all-in-one charging solution for every situation, at home, at work or on holiday. Indoors or outdoors, when driving electric cars or plug-in hybrids. It enables simple and convenient charging –… Continue reading Mercedes Benz introduces flexible EV charging system
India allows foreign cargo flights from International airports for 3 years
Representative image. India will allow foreign airlines to operate non-scheduled cargo flights from all airports in the country for three years, lifting 2020 curbs that had restricted them to six–Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai. This followed lobbying by exporters against the restrictions. While India had an open sky policy in air cargo that… Continue reading India allows foreign cargo flights from International airports for 3 years
Indonesia issues more tax incentives for EV sales
The incentives are aimed at stimulating domestic demand for EVs while attracting investment by automakers. Indonesia has announced new incentives to encourage sales of locally produced and imported electric vehicles (EVs), in its latest bid to boost take-up of environment-friendlier cars as well as attract investment to its domestic EV industry. The detailed incentives are… Continue reading Indonesia issues more tax incentives for EV sales
Thailand approves incentives for companies transitioning to EVs
By 2030, Thailand aims to convert 30% of its annual production of 2.5 million vehicles into EVs, according to a government plan. Thailand has approved incentives for companies to transition their commercial fleets of large trucks and buses to battery electric vehicles, the government said on Wednesday. Also on offer are cash grants for EV… Continue reading Thailand approves incentives for companies transitioning to EVs
NTPC signs MoU for mega green hydrogen plant in AP
The facility operated in collaboration with other global companies, will produce green hydrogen, including 6,000 TPD of green ammonia and 300 TPD of green methanol, primarily for South Asian export market. Govt has signed an MoU with NTPC to set up India’s largest green hydrogen production plant near Pudimadaka of Visakhapatnam district. NTPC is setting… Continue reading NTPC signs MoU for mega green hydrogen plant in AP
Tax rebate on vehicles may up sales in Ujjain trade fair
Automobile dealers of Indore and the state participating in the trade fair have placed orders for higher than usual stocks from original equipment manufacturers. More than 130 automobile stalls will be set up in the month-long Vikram Trade fair in Ujjain while the announcement by the state government to offer 50% discount in tax on… Continue reading Tax rebate on vehicles may up sales in Ujjain trade fair
EV charging void has drivers trying new routes to power up
Many prospective owners are avoiding EVs and sticking with fossil-fuelled cars, a major factor slowing EV demand globally. Electric vehicle drivers unable to install a charger at home are turning instead to stopgaps offered by US and European firms as alternatives to often expensive or inconvenient public charging points. The solutions include online platforms allowing… Continue reading EV charging void has drivers trying new routes to power up
Exicom Tele-Systems to float IPO on Feb 27; aims to raise INR329 crore
Exicom-Tele Systems is a power management solutions provider and operates under two business verticals — EV charger solutions business and power solutions business. EV chargers maker Exicom Tele-Systems Ltd is set to launch its Initial Public Offering (IPO) on February 27. The initial share sale will conclude on February 29 and the bidding for anchor… Continue reading Exicom Tele-Systems to float IPO on Feb 27; aims to raise INR329 crore