The broad outlook on the rupee “suggests a delicate balance, with positive factors outweighing the negative ones,” Amit Pabari, managing director at FX advisory firm CR Forex said. The Indian rupee was barely changed on Thursday, tracking rangebound moves in most of its Asian peers as focus turns to key U.S. economic data which could… Continue reading INDIA RUPEE-Rupee little changed tracking mostly subdued Asian peers
Author: Economic Times of India Online News
Budget 2024 survey: What’s stopping Indians from buying EVs?
Offering tax breaks to manufacturers is equally essential to stimulate the auto industry’s shift towards EV production. Electric vehicles are set to charge up India’s roads in the coming years. The sector achieved a milestone by surpassing 1.5 million unit sales in calendar year 2023. EV penetration, however, remains relatively low, constituting only about 1%… Continue reading Budget 2024 survey: What’s stopping Indians from buying EVs?
Chennai Metro Rail introduces QR tickets through WhatsApp
“Chennai Metro Rail Limited is confident that this innovation will be well-accepted by the community and join hands with CMRL in promoting a green environment and digital initiatives,” CMRL posted on X. As part of its green environment and digital initiatives, Chennai Metro Rail Limited (CMRL) has introduced a new system of delivering QR tickets… Continue reading Chennai Metro Rail introduces QR tickets through WhatsApp
Mahindra Logistics to invest INR 170 cr on warehousing facility near Pune
Representative image. Mahindra Logistics Limited (MLL) on Tuesday announced the construction of its warehousing facility in Phaltan, near Pune with an investment of INR 170 crore. Spread over 6.5 lakh square feet (sq ft), the new facility will be developed in two phases. The first phase, comprising 3.5 lakh sq ft, is scheduled to be… Continue reading Mahindra Logistics to invest INR 170 cr on warehousing facility near Pune
StartupTN launches sector-specific forums
Sector-specific forums are intended to facilitate the connection between startups and mentors and will offer tailored support to startups within their respective sectors. StartupTN, the nodal agency for startups and entrepreneurship in TN, has set up two new sectoral forums to provide focused assistance to startups. StartupTN on Wednesday launched the Blue Economy (aquaculture) and… Continue reading StartupTN launches sector-specific forums
Thailand aims for lithium output in two years, boosting EV ambitions
“The potential for growth through further exploration is significant. This positions Thailand as an emerging player in the lithium market, aligning well with its ambitions to become a regional hub for electric vehicles,” said Lock. Thailand hopes to start producing lithium from a mine in its southwest in about two years, boosting its ambitions to… Continue reading Thailand aims for lithium output in two years, boosting EV ambitions
Okaya to provide EV chargers for Ayodhya Water Metro Project
The next phase of the water metro project involves the installation of Okaya EV fast chargers in Varanasi, contributing to the expansion of economical and sustainable transport initiatives in the region. New Delhi: Okaya EV, a brand in electric vehicle charging solutions, has commissioned high capacity EV chargers for the Ayodhya Water Metro Project spearheaded… Continue reading Okaya to provide EV chargers for Ayodhya Water Metro Project
How E-mobility empowers India’s journey to Net Zero
The road transportation sector, contributing over 12% of India’s energy-related CO2 emissions, underscores the significance of transitioning to Electric Vehicles (EVs). New Delhi: India stands as a frontline warrior in the global battle against climate change, confronting challenges like rapid urbanization, a burgeoning population, and escalating energy consumption. With 87% of its oil being imported,… Continue reading How E-mobility empowers India’s journey to Net Zero
CESC seeks to acquire 50,000 acres land in Rajasthan, Gujarat for green energy push
The company’s green ambition envisages a mix of solar, wind, and green hydrogen projects. CESC Ltd, RP Sanjiv Goenka group’s flagship company, is looking to acquire over 50,000 acres in Rajasthan and Gujarat to fuel its 3 GW hybrid renewable energy portfolio. The company is exploring possibilities to make substantial investments in renewable energy generation… Continue reading CESC seeks to acquire 50,000 acres land in Rajasthan, Gujarat for green energy push
Australia’s oldest listed investment firm says lithium stocks turning attractive
AFIC increased its stakes in local healthcare companies CSL and ResMed after a mid-year sell off triggered by the potential impact of Ozempic and other weight-loss drugs, according to Managing Director Mark Freeman. Australia’s oldest listed investment firm is finding beaten-down lithium shares are starting to look like buys, with the sector’s downturn reminiscent of… Continue reading Australia’s oldest listed investment firm says lithium stocks turning attractive