The initiative is part of a broader plan to make long-distance EV travel more practical. The Energy Department of Karnataka through the state-owned BESCOM is aiming to make long highway drives in electric vehicles hassle-free in the state with the proposed installation of charging points. It is installing charging stations along the Bengaluru-Belagavi National Highway… Continue reading BESCOM to install EV charging stations along national and state highways in Karnataka
Author: Economic Times of India Online News
Norway wealth fund to vote against Musk’s $1 trillion Tesla pay package
The $2.1 trillion Norwegian fund also said it would vote against Tesla’s proposed general stock compensation plan. Norway’s sovereign wealth fund, the world’s largest, said on Tuesday it would vote against ratifying Tesla CEO Elon Musk‘s proposed compensation package, containing shares worth up to $1 trillion, at an annual general meeting this week. Investors in… Continue reading Norway wealth fund to vote against Musk’s $1 trillion Tesla pay package
SSAB targets profit growth driven by premium steels, investments through 2030
Swedish steel giant SSAB is targeting a significant earnings jump over the next five years, aiming for around 23 billion Swedish crowns by 2030. Steelmaker SSAB aims to boost its core earnings growth over the next five years through strategic investments and an increased share of premium steels in its product mix, it said in… Continue reading SSAB targets profit growth driven by premium steels, investments through 2030
Planning to buy electric car? Gurgaon CA shares the biggest problem in EVs and it’s not about charging or range
Used electric cars are losing value faster than traditional vehicles. Concerns about battery life and replacement costs are driving this trend. Electric cars may be racing toward the future, but their resale value seems stuck in the slow lane. Investment banker Sarthak Ahuja says used electric vehicles are losing value almost twice as fast as… Continue reading Planning to buy electric car? Gurgaon CA shares the biggest problem in EVs and it’s not about charging or range
Pagaya, Castlelake reach deal for up to $500 million in auto loans
The deal comes just weeks after the well-publicized collapse of two US auto sector companies, raising fears of credit stress. Lending platform Pagaya Technologies on Monday announced an agreement to sell up to $500 million of its auto loans to asset-based private credit manager Castlelake. In a statement, New York City-based Pagaya said the deal… Continue reading Pagaya, Castlelake reach deal for up to $500 million in auto loans
Ford’s US October sales rise on demand for pickup trucks despite EV decline
Ford, General Motors and Stellantis have rolled back their ambitious plans for EVs in the US, pivoting to their gasoline-powered models. Ford on Monday reported a 1.6 per cent rise in US sales in October, as a rise in demand for pickup trucks offset falling electric vehicle volumes. US President Donald Trump’s tax and spending… Continue reading Ford’s US October sales rise on demand for pickup trucks despite EV decline
Ignyte launches lightest ECE-certified helmets starting at ₹6,649
The Airlite models weigh 900 grams for ECE and 800 grams for DOT certification. Ignyte, a premium brand of Steelbird Hi-Tech India, on Tuesday said it has launched the Airlite Series of motorcycle helmets, featuring models AI-10 and AI-14. These helmets are certified under ECE 22.06 (Europe) and DOT (FMVSS 218, USA) safety standards. According… Continue reading Ignyte launches lightest ECE-certified helmets starting at ₹6,649
Automaker Stellantis scraps supply deal with Australia’s Novonix
The company is also continuing to provide samples to 15 current and potential customers across battery and industrial applications. Australia’s Novonix said on Tuesday that a unit of automaker Stellantis had terminated its offtake agreement with the battery materials supplier, citing an inability to agree on product specifications. Shares of the company fell as much… Continue reading Automaker Stellantis scraps supply deal with Australia’s Novonix
Auto sector funds top 3-month average returns among all domestic MFs: Should you book profit or stay?
Auto-focused mutual funds have benefited from gains in both leading manufacturers and ancillary players, reflecting a broad-based sectoral uptrend, Dhawan added. Auto sector mutual funds have been among the best performers, delivering strong double-digit average returns of around 10.49 per cent in the past three months — second only to international funds, which gained 10.86… Continue reading Auto sector funds top 3-month average returns among all domestic MFs: Should you book profit or stay?
Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors
Additionally, an agreement was reached to create a statewide network of electric charging stations in collaboration with the government to promote green transport initiatives. Amaravati, Diversified conglomerate Hinduja Group has agreed to invest ₹20,000 crore in Andhra Pradesh in phases, following a meeting with Chief Minister N Chandrababu Naidu in London, the state government said… Continue reading Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors