Teamglobal Logistics is known as the largest Less than Container Load (LCL) operator in India. Delhivery has announced a strategic partnership with Teamglobal Logistics, which specialises in ocean freight. This collaboration will enhance Delhivery’s cross-border services, providing access to 120+ countries for its Less than Container Load (LCL) service, while Teamglobal will benefit from Delhivery’s… Continue reading Delhivery and Team Global Logistics forge partnership for ocean freight services
Author: Economic Times of India Online News
What will drive the next phase of EV adoption in India?
Vehicle electrification is becoming self-sustaining in India. Since the launch of the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) subsidies in April 2015, about 3.9 million EVs have been sold in India; 70% of those in just the past two years. Subsidies under Electric Mobility Promotion Scheme (EMPS) 2024, which ends in… Continue reading What will drive the next phase of EV adoption in India?
Bengal transport dept to streamline e-rickshaw registration, phase out illegal vehicles
West Bengal transport department plans to streamline e-rickshaw registration. Kolkata: The West Bengal transport department has decided to streamline the registration of e-rickshaws and phase out unregistered and illegally manufactured vehicles. The decision was taken in view of representations from various bodies about the plying of lakhs of unregistered e-rickshaws built in workshops without following… Continue reading Bengal transport dept to streamline e-rickshaw registration, phase out illegal vehicles
Volkswagen may book 3-4 bn euro in provisions on capacity cuts, says Jefferies
Volkswagen may record billions of euros in provisions for planned capacity cuts as early as the fourth quarter. Volkswagen may book billions of euros in provisions for planned capacity cuts as early as the fourth quarter, brokerage Jefferies wrote in a note after accompanying the carmaker’s management. The comments by Jefferies come after Volkswagen earlier… Continue reading Volkswagen may book 3-4 bn euro in provisions on capacity cuts, says Jefferies
EV charging network to be improved in Andhra Pradesh
Novotel Visakhapatnam, Varun Beach has partnered with Urzza Charge Tech to enhance electric vehicle infrastructure in Andhra Pradesh. Visakhapatnam: Novotel Visakhapatnam, Varun Beach, announced a collaboration with Urzza Charge Tech, a Visakhapatnam-based company working in the electric vehicle charging landscape, on Sunday. The collaboration aims to advance the electric vehicle infrastructure across Andhra Pradesh, building… Continue reading EV charging network to be improved in Andhra Pradesh
Rupee to take support on rising odds of large Fed rate cut
“There are good arguments for and against the Fed being more proactive, HSBC Bank said in a note. The Indian rupee is expected to receive a boost on Monday from the increasing probability that the U.S. Federal Reserve will deliver a 50-basis-point rate cut in the week. The 1-month non-deliverable forward indicated that the rupee… Continue reading Rupee to take support on rising odds of large Fed rate cut
Sri Lanka to lift ban on vehicle imports by Feb 2025
Sri Lanka will lift its vehicle import restrictions in phases starting October 1. Colombo: Sri Lanka will lift the restrictions on the import of all vehicles in a phased-out manner by February next year as part of the island nation’s efforts to “restore normalcy in the economy”, according to an official release. The ban would… Continue reading Sri Lanka to lift ban on vehicle imports by Feb 2025
Age is no limit, Car conditions are
Government of India’s decision to base the end-of-life criteria for vehicles on fitness and pollution levels, rather than age, aims to promote better vehicle maintenance and reduce pollution. GoI’s decision to consider fitness and pollution rather than age to determine the end of life of vehicles is a step in the right direction. This change… Continue reading Age is no limit, Car conditions are
US locks in steep China tariff hikes, some industries warn of disruptions
The Biden administration has confirmed significant tariff hikes on Chinese imports. The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries from China’s state-driven industrial practices. The U.S. Trade Representative’s office said that many of the tariffs, including a… Continue reading US locks in steep China tariff hikes, some industries warn of disruptions
Green Hydrogen a historic opportunity to redefine energy systems, create jobs in India
According to Professor Ajay K Sood, Principal Scientific Adviser to the government, the commitment to Green Hydrogen is not just about meeting emission targets. India has ushered into a new era of energy transition driven by a shared commitment to advancing the ‘Hydrogen Agenda‘, Minister of State for Power and New and Renewable Energy, Shripad… Continue reading Green Hydrogen a historic opportunity to redefine energy systems, create jobs in India