UDYAM registered MSME customers looking to set up rooftop solar systems or EV charging stations can avail of a loan of up to INR 30 crores. New Delhi: Tata Power Solar Systems Limited (TPSSL) has announced a strategic partnership with Bank of India (BOI) to facilitate financing for rooftop solar installations and electric vehicle (EV)… Continue reading Tata Power Solar partners with Bank of India for rooftop solar and EV charging loans
Author: Economic Times of India Online News
Rupee likely to slip to all-time low amid Chinese yuan volatility
The rupee’s higher yield differential relative to the yuan and the low volatility of both currencies have made using the yuan to fund long bets on the rupee among the most attractive carry trades in Asia. The Indian rupee is expected to dip at an all-time low on Friday amid volatility in the Chinese yuan,… Continue reading Rupee likely to slip to all-time low amid Chinese yuan volatility
Budget proposals for critical minerals, energy transition to push net-zero goals: Energy players
Abolishment of angel tax is a great and long overdue step boosting investors’ confidence and the promising EV and clean tech startup ecosystem. New Delhi: The Budget announcements related to critical minerals and green transition will not only make India self reliant in resources but also help in meeting net-zero goals, energy industry players said.… Continue reading Budget proposals for critical minerals, energy transition to push net-zero goals: Energy players
Tata Motors market capitalisation exceeds INR 4 lakh cr
This move aims to simplify and consolidate the company’s capital structure and facilitate the demerger process. Tata Motors’ market capitalisation crossed INR 4 lakh crore for the first time on Thursday, with shares rising 6.2% to close at INR 1,091 after an upgrade by Nomura. The firm’s A-ordinary shares, which have differential voting rights, saw… Continue reading Tata Motors market capitalisation exceeds INR 4 lakh cr
E-Fill Electric receives ARAI certification for AC and DC chargers
E-Fill Electric has quickly become a leader in the EV charging industry. New Delhi: E-Fill Electric, established in 2019 and based in Sonipat, India, with an office in Texas, USA, has received the Automotive Research Association of India (ARAI) certification for its AC and DC chargers. E-Fill Electric’s chargers, ranging from 3.3kW to 240kW, now… Continue reading E-Fill Electric receives ARAI certification for AC and DC chargers
Noida district magistrate calls for crackdown on vehicles flouting safety norms
Regular campaigns against illegal stands, parking, overspeeding, and overloading were also mandated, he said. In a significant move to enhance road safety, Gautam Buddh Nagar District Magistrate Manish Kumar Verma on Wednesday directed officials to launch a campaign against vehicles flouting safety standards including unfit school vehicles. He issued the directions as he chaired a… Continue reading Noida district magistrate calls for crackdown on vehicles flouting safety norms
Managing bullwhip: How to solve auto OEM dealer inventory challenge
When forecasts overestimate future demand or when inventory levels take time to adjust to changing slowdown in market demand, as was the case recently, the result is often excess inventory at dealerships. The bullwhip effect describes the amplification of demand variability as one moves upstream in the supply chain. It typically starts with small fluctuations… Continue reading Managing bullwhip: How to solve auto OEM dealer inventory challenge
Union Budget 2024-25: INR 11.11 lakh crore infrastructure capex to propel commercial vehicle industry growth
The allocation of INR 10 lakh crore towards urban and rural housing can be another driver of business for the CV industry. The Union Budget 2024-25 is an amalgamation of big-ticket announcements, some surprises and inclusive allocations. The granularity in the GDP projections considered for FY25 will have to be seen but the projections are… Continue reading Union Budget 2024-25: INR 11.11 lakh crore infrastructure capex to propel commercial vehicle industry growth
India’s focus for incentives should be on EVs, says BMW Group
Updated On Jul 25, 2024 at 09:21 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Jean-Philippe Parain, Senior Vice-President, Region Asia-Pacific, Eastern Europe, Middle East and Africa, BMW Group New Delhi: German luxury carmaker BMW Group, which emerged as one of the top sellers in EVs after Tesla and BYD, is… Continue reading India’s focus for incentives should be on EVs, says BMW Group
KPIT Technologies reports 52% increase with INR 204.2 cr in net profit for March 2024 quarter
KPIT Technologies KPIT Technologies, an auto industry-focused firm, reported a substantial 52% increase in its net profit for the March 2024 quarter, reaching INR 204.2 crore. This growth was driven by higher revenue and improved profit margins. In comparison, the company had recorded a net profit of INR 134 crore in the same period last… Continue reading KPIT Technologies reports 52% increase with INR 204.2 cr in net profit for March 2024 quarter