Representative image. Besides launching new projects, state govt will position Uttar Pradesh as a state with ‘green industry base’ in the Ground Breaking Ceremony scheduled on Feb 19. Under the head of Advantage UP, the industries department will project its solar, biofuel, pumped storage, and EV battery ecosystem to attract new players. “This is significant… Continue reading State to project itself as destination with ‘green industry base’
Author: Economic Times of India Online News
IEA will gain from India’s increased involvement: PM Modi
“However, we are firmly committed to combating climate change,” he said. New Delhi: Prime Minister Narendra Modi on Wednesday said India brings talent and innovation to the table and the International Energy Agency (IEA) will benefit if the world’s fastest growing major economy plays a bigger role in the Paris-based organisation. In a recorded message… Continue reading IEA will gain from India’s increased involvement: PM Modi
Higher coal prices seen impacting steel industry’s growth plans
Steel-makers could also defer their next leg of expansion if the debt-to-operating profit ratio of the sector exceeds its 10-year median, Bharati said. Higher prices of coal could slow down the debt reduction plans of Indian steel-makers, with leverage for the sector weakening to 2021 levels if input prices remain at the current levels, said… Continue reading Higher coal prices seen impacting steel industry’s growth plans
Avaada begins green hydrogen project in Odisha
By harnessing renewable energy sources, this initiative aims to produce green ammonia without any harmful impact on environment. New Delhi, Avaada Group on Wednesday announced groundbreaking of its green hydrogen project at Gopalpur, Odisha by Chief Minister Naveen Patnaik. The project will create nearly 1,600 direct and 4,000 indirect employment opportunities, a company statement said.… Continue reading Avaada begins green hydrogen project in Odisha
Municipal body issues 1,224-crore tender for concreting 261 more roads in eastern suburbs
Soon after taking charge as chief minister in 2022, Eknath Shinde directed BMC to concretise all roads the in next two years to make Mumbai pothole free. BMC has floated a INR 1,224-crore tender for concreting 261 roads in the eastern suburbs. This is in addition to the 182 roads in the eastern suburbs where… Continue reading Municipal body issues 1,224-crore tender for concreting 261 more roads in eastern suburbs
Sony, Honda EV venture to roll out three models before 2030
Honda aims to combine the automaker’s experience in engineering and building vehicles with Sony’s software and gaming expertise for a new line of EVs due in 2025. New Delhi: A joint venture set up by Japan’s Sony Group and Honda Motor will introduce three electric vehicle (EV) models by the second half of this decade,… Continue reading Sony, Honda EV venture to roll out three models before 2030
Warehousing & logistics sector leasing increase to 21% in 2023
The sector is expected to expand at a CAGR of 10%-13% for next couple of years, predominated by third-party logistics and e-commerce enterprises. Warehousing & Logistics recorded absorption of 37.8 million sq ft, 21% higher, compared to the previous year. Absorption has been on the rise since 2021, increasing gradually year over year. Despite dried-up… Continue reading Warehousing & logistics sector leasing increase to 21% in 2023
M&M Q3 Results: Profit surges 61% YoY to INR 2,454 crore, but misses estimate
The standalone PBIT for the auto segment (excluding PY Trucks impairment) rose 56% YoY to INR 1,533 crore and PBIT margins improved 170 basis points to 8.3%. Leading automaker Mahindra and Mahindra (M&M) on Wednesday reported 61% growth in its standalone net profit at INR 2,454 crore for the quarter ended December, which was slightly… Continue reading M&M Q3 Results: Profit surges 61% YoY to INR 2,454 crore, but misses estimate
Crest issues fresh reminder to MC on EV charging stns
An MoU between the two entities will pave way for the charging stations, setup by private contractors, to get electric supply from the UT electricity department. The Chandigarh Renewable Energy, Science & Technology Promotion Society (Crest) has shot off a fresh reminder to the municipal corporation (MC) for signing of the pending memorandum of understanding… Continue reading Crest issues fresh reminder to MC on EV charging stns
Electronic transmission: Two industry bodies want ‘no customs duty’ to stay
The WTO MC13 will be held in Abu Dhabi from February 26-29. Two Indian industry associations – the India Electronics & Semiconductor Association (IESA) and the India SME Forum- have supported the continuation of prohibition of imposing customs duties on electronic transmissions at the World Trade Organization (WTO), citing it to be important for supply… Continue reading Electronic transmission: Two industry bodies want ‘no customs duty’ to stay