Last week, the USD 23 billion JSW group signed an MoU with the Odisha government for an electric vehicle project. The company has a presence in steel manufacturing, power, cement and ports in the state. The Sajjan Jindal-led JSW Group is investing about INR 2 lakh crore in Odisha in steel, cement and electric vehicles… Continue reading Steel, Cement, EVs: JSW goes big on Odisha
Author: Economic Times of India Online News
TotalEnergies in India partners with Mahindra Insurance Broker Limited
Across 235 TEQAS centers in India, TotalEnergies offers high-performance lubricants that have fuel economy properties, as well as a range of car care products and best-in-class car servicing for vehicle owners. New Delhi: TotalEnergies Marketing India Private Limited (TEMIPL) has entered into an agreement with Mahindra Insurance Broker Limited (MIBL) to provide one-stop insurance services… Continue reading TotalEnergies in India partners with Mahindra Insurance Broker Limited
US auto: vehicle margins compress quarterly profits
To make matters worse, EV prices have come down significantly in the U.S. in the past year, led by price cuts at Tesla, Cox added. Several U.S. auto retailers reported dour fourth-quarter profits this week, as price cuts and incentives to lure in buyers in a turbulent economy put a strain on new-vehicle margins. Higher… Continue reading US auto: vehicle margins compress quarterly profits
LNG imports to India jump 26% in January as price fall boosts demand
Lower-than-expected LNG demand from China, mild winter in the northern hemisphere, increased global gas supply, and higher gas storage in Europe have all weighed on prices, the executive said. Liquefied natural gas (LNG) imports surged 26% in January from a year earlier as a price drop in the international market boosted domestic demand. India imported… Continue reading LNG imports to India jump 26% in January as price fall boosts demand
EV insurance market is expected to grow at a CAGR of over 40%
There are several Insurance companies providing insurance on EVs like HDFC Ergo, Tata AIG, Digit Insurance, Zuno, and many more. New Delhi: The tectonic shift towards non-ICE (Internal Combustion Engine) vehicles in the market escalated the demand for electric vehicles (EVs) in India. Automobile manufacturers have accepted the transition (ICE to EV) with the launch… Continue reading EV insurance market is expected to grow at a CAGR of over 40%
India needs INR 30 lakh cr investments in 6 years to meet its emission cut commitment: IREDA chief
Indian Renewable Energy Development Agency (IREDA) is a state-owned renewable energy sector non-banking financial company. The country needs investments worth INR 30 lakh crore over six fiscal years to meet its carbon emission reduction commitments made at the UN climate change conference, an official statement said on Thursday. India has set the target of having… Continue reading India needs INR 30 lakh cr investments in 6 years to meet its emission cut commitment: IREDA chief
EU approves 4.6 bn eur in German state funds for hydrogen projects
With a total price tag of 8 billion euros, the projects, approved under the so-called Important Project of Common European Interest (IPCEI) The European Commission approved some 4.6 billion euros (USD 4.94 billion) in German government funding for 24 German hydrogen projects, the economy ministry said on Thursday as Europe’s biggest economy bets on the… Continue reading EU approves 4.6 bn eur in German state funds for hydrogen projects
Exxon aims to make key lithium technology decision by year end
Exxon has had early discussions with automakers about purchasing lithium, but no agreements have been made, Howarth said. Exxon Mobil plans to decide by the end of the year which lithium filtration technology it will use in Arkansas as part of its push to become one of the world’s top producers of the battery metal,… Continue reading Exxon aims to make key lithium technology decision by year end
India’s small exporters reel as Red Sea crisis helps rivals nab business
The crisis has begun to upend global supply chains, with Chinese exporters also stumbling in pain. Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having just lost another order due to the Red Sea crisis that has jacked up his shipping costs and times. “Last week, I… Continue reading India’s small exporters reel as Red Sea crisis helps rivals nab business
Shell expects 50% rise in global LNG demand by 2040
The report said that China, which in 2023 overtook Japan to reclaim it status as the world’s top LNG importer, will continue to drive global LNG demand. Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use LNG… Continue reading Shell expects 50% rise in global LNG demand by 2040