The Sept. 6 U.S. jobs report will determine the quantum of the Fed’s rate cut next month, ING Bank said in a note. The Indian rupee is expected to rise on Monday, after U.S. Federal Reserve Chair Jerome Powell comments nearly confirmed a September rate cut, spurring a further drop in the dollar. The 1-month… Continue reading Rupee to rise after Powell reinforces expectations of Fed rate cut in Sept
Author: Economic Times of India Online News
RMC joins IOC to set up EV charging stns in city
This initiative is being carried out with the involvement of companies such as Tata and Ather Power, which will enable rapid charging for vehicles at various locations across the city. The Raipur Municipal Corporation (RMC) is set to undertake the development of ten fast EV charging stations in collaboration with the Public Sector Undertaking (PSU)… Continue reading RMC joins IOC to set up EV charging stns in city
Mobile app to give real-time traffic updates for hassle-free commuting in state capital
TOI first reported this initiative by the Jaipur city police on June 14. With the traffic department joining hands with a private mapping mobile application, commuters will get access to real-time updates on city traffic conditions. Speaking to TOI, DCP traffic Sri Sagar said the department had signed a memorandum of understanding (MoU) with MapmyIndia… Continue reading Mobile app to give real-time traffic updates for hassle-free commuting in state capital
561 more e-vehicle charging stations in Marathwada soon
The necessary registration can also be done offline by visiting the state power utility’s nearest office. The Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) will start an additional 561 e-vehicle charging stations in different parts of Marathwada soon, taking the total number of such facilities in the region to 647. Chhatrapati Sambhajinagar zone of the… Continue reading 561 more e-vehicle charging stations in Marathwada soon
It’s a good time to get a deal on an EV as they sit around on dealer lots
Automakers are also offering more leasing deals, as well as other discounts and incentives. While you spent the summer vacationing and traveling, many electric vehicles sat idle on dealer lots. At the end of July, it took dealers an average of 81 days — nearly three months — to sell the EVs that arrived in… Continue reading It’s a good time to get a deal on an EV as they sit around on dealer lots
Key PLI schemes bring significant boost to local EV manufacturing in India
Under the PLI scheme, automakers can receive a government grant of 13-15% of the annual sales value of EVs, which helps increase the company’s sales and offsets the higher costs of investing in new technologies. New Delhi: To bolster the domestic electric vehicle (EV) manufacturing, the government’s production-linked incentive (PLI) scheme with an approved outlay… Continue reading Key PLI schemes bring significant boost to local EV manufacturing in India
E For Erratic: Why Green Ride Is Underpowered
Many charging stations installed by PSUs in major locations of Delhi are non-functional. New Delhi: Delhi prides itself as the electric vehicle capital of the country. Pushing the eco-friendly mode of travel in the city, Delhi govt expanded the EV infrastructure and claimed that the number of charging points increased from 4,700 to 18,000 in… Continue reading E For Erratic: Why Green Ride Is Underpowered
South Korea Battery Plant Rushed Production Before Deadly Fire, Police Say
Fire at a lithium battery plant in South Korea in June broke out after the factory’s operator rushed production. The fire at a lithium battery plant in South Korea that killed 23 workers in June broke out after the factory’s operator rushed production, ignored signs of danger and provided no safety training to employees, investigators… Continue reading South Korea Battery Plant Rushed Production Before Deadly Fire, Police Say
‘Success cases’ from climate policies reveal ‘right mix of measures’ crucial for cutting emissions
Right mix of measures along with climate policies crucial to ensure better outcomes. New Delhi: Merely a higher number of climate policies aimed at reducing emissions do not lead to better outcomes, instead, the right mix of measures is crucial, according to researchers who analysed 1,500 policy interventions implemented between 1998 and 2022. In their… Continue reading ‘Success cases’ from climate policies reveal ‘right mix of measures’ crucial for cutting emissions
ECOS (India) Mobility & Hospitality IPO: Offer details, price band and more
The Equity Shares to be offered are intended to be listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE). ECOS (India) Mobility & Hospitality Limited is set to open its initial public offering (IPO) of Equity Shares on Wednesday, August 28, 2024. The total offer size comprises an Offer for Sale… Continue reading ECOS (India) Mobility & Hospitality IPO: Offer details, price band and more