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
Author: Economic Times of India Online News
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
More e-vehicles to hike tourist flow to Tadoba
The LAC meetings should be held once in six months. However, Tuesday’s meeting of Tadoba LAC was held after 4.5 years. The last meeting was organized on July 4, 2019. In a bid to promote electric vehicles for wildlife safaris, the Local Advisory Committee (LAC) of Tadoba-Andhari Tiger Reserve (TATR), headed by divisional commissioner Vijayalakshmi… Continue reading More e-vehicles to hike tourist flow to Tadoba
Coal production to touch 1 billion tonne for first time: Union Minister Pralhad Joshi
According to him, like petroleum and natural gas, the mining ministry is also very important for the country’s economy to grow and become the third largest in the world. Union Minister for Coal and Mines Pralhad Joshi on Tuesday said for the first time, the country’s coal production is going to cross 1 billion tonne.… Continue reading Coal production to touch 1 billion tonne for first time: Union Minister Pralhad Joshi
China says EU’s ‘unfair’ EV subsidies probe risks damaging ties
The EU is seeking to reduce its reliance on the world’s second-largest economy, particularly for materials and products needed for its green transition. China‘s ambassador to the European Union called the EU’s probe into Chinese electric vehicle manufacturers over state subsidies “unfair”, Fu Cong told Bloomberg News in an interview. Cong told Bloomberg that China… Continue reading China says EU’s ‘unfair’ EV subsidies probe risks damaging ties
Biden to court support of auto workers at UAW event
In May, Fain said the union was not ready to endorse Biden for a second four-year term, citing concerns about EV policies. U.S. President Joe Biden will speak to United Auto Workers members on Wednesday at a legislative conference in Washington, the union said Tuesday, as he looks to win support from autoworkers before the… Continue reading Biden to court support of auto workers at UAW event
Sona Comstar Q3 FY24 PAT grows 24% YoY to INR133 cr
Revenue share from Battery Electric Vehicles (BEV) was at 30% and BEV revenue growth was 28% YoY. New Delhi: Sona BLW Precision Forgings Ltd. (Sona Comstar), a leading mobility technology company providing mission-critical systems and components for electrified and non-electrified powertrain segments, Tuesday announced that its Q3 FY24 (ended on December 31, 2023) revenue increased… Continue reading Sona Comstar Q3 FY24 PAT grows 24% YoY to INR133 cr
Rupee cedes ground pressured by decline in Asian peers
Investors are currently pricing in a 56.5% chance that the Fed will leave rates unchanged in March, up from only 19% as of Jan. 12. The Indian rupee weakened on Tuesday tracking a fall in its Asian peers amid persistent moderation in bets on aggressive rate cuts by the U.S. Federal Reserve. The rupee was… Continue reading Rupee cedes ground pressured by decline in Asian peers
Truck and bus maker Iveco partners with BASF for battery recycling
BASF will mechanically process the batteries into the “black mass”, from which raw materials such as nickel, cobalt and lithium can be extracted and reused. Italian truck and bus makerIveco Group has partnered with German chemicals group BASF for the recycling of lithium-ion batteries of its electric vehicles (BEVs), the two companies said on Tuesday.… Continue reading Truck and bus maker Iveco partners with BASF for battery recycling
Audio Interview: State of the Global Supply Chain in 2024
In this GlobalAutoIndustry.com Audio Interview “State of the Global Supply Chain in 2024” Ron Hesse speaks with David Shillingford. Mr. Shillingford is the CoFounder of Everstream Analytics, a leading supply chain risk analytics company that enables end-to-end predictive visibility to supply chain risk for many of the world’s best-known companies. David has led the development… Continue reading Audio Interview: State of the Global Supply Chain in 2024