India could attract close to $10 billion in renewable energy investment in 2023, a bright spot as public markets remain largely shut to big-ticket capital raising, according to Bank of America Corp.’s top executives in the country. Deals and investments will continue to flow into areas such as electric vehicles and green hydrogen, Kaku Nakhate,… Continue reading Bank of America expects $10 billion in India green deals in 2023
Author: Economic Times of India Online News
Auto lobby slams Swiss plan to curb electric cars in power crunch
One draft rule would curb the private use of electric vehicles unless urgently needed for work, shopping, or visiting the doctor or religious ceremonies. The Swiss car importers lobby hit back on Monday at the government’s proposal to limit the use of electric vehicles in any power crunch, saying the mere suggestion could prompt consumers… Continue reading Auto lobby slams Swiss plan to curb electric cars in power crunch
Vehicles parked on roads pose danger as visibility set to take downturn in Ludhiana
This reporter found many vehicles parked on the highway on a stretch of less than 20 kilometres between Doraha and outskirts of Khanna city. With chances of fog reducing visibility on the roads, vehicles parked on the roads pose a major risk for commuters on Ludhiana-Delhi highway. NCRB data suggests that 140 persons died in… Continue reading Vehicles parked on roads pose danger as visibility set to take downturn in Ludhiana
U.S. finalizes $2.5 billion loan to GM, LG battery joint venture
The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan, supporting 6,000 construction jobs and 5,100 operations jobs at the three plants. By David Shepardson The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors Co and… Continue reading U.S. finalizes $2.5 billion loan to GM, LG battery joint venture
Finance Minister Nirmala Sitharaman says Indian Rupee strong against every currency
Sitharaman also praised the Indian economy in the parliament by calling it the fastest-growing economy. Finance Minister Nirmala Sitharaman on Monday lauded the Indian Rupee and said it has been strong against every currency. The statement from the minister came during Monday’s parliamentary session. “The Reserve Bank of India (RBI) has used foreign exchange reserves… Continue reading Finance Minister Nirmala Sitharaman says Indian Rupee strong against every currency
Karnataka government may end 100 per cent road tax exemption for EVs
Karnataka has more than two crore registered vehicles of which EVs are only 1.5 lakh till December. In a move that could affect electric vehicle (EV) adoption in Karnataka, the state transport department is mulling ending 100 per cent road tax exemption given to battery-run vehicles. If approved, EVs will be costlier in the state.… Continue reading Karnataka government may end 100 per cent road tax exemption for EVs
Uttar Pradesh delegation to visit US for attracting investments under ‘Invest UP’
New Delhi: A Uttar Pradesh government delegation, led by state Finance Minister Suresh Khanna, along with the advisor to Chief Minister Yogi Adityanath, Awanish Awasthi, will be visiting New York and San Francisco this week to attract investors for the state under ‘Invest UP‘, stated a press release by the UP government on Sunday. The… Continue reading Uttar Pradesh delegation to visit US for attracting investments under ‘Invest UP’
FPIs invest Rs 4,500 cr in equities in Dec so far
New Delhi: After investing over Rs 36,200 crore last month, foreign investors continued their positive momentum and infused Rs 4,500 crore in the Indian equity markets so far in December, mainly due to the decline in the dollar index. However, foreign portfolio investors (FPIs) turned sellers in the last four trading sessions and pulled out… Continue reading FPIs invest Rs 4,500 cr in equities in Dec so far
Sixth round of India-UK FTA talks to begin from Monday
NEW DELHI: The sixth round of negotiations between senior officials of India and the UK for a proposed free trade agreement (FTA) will begin here on Monday with an aim to conclude the talks at the earliest, an official said. The negotiations are happening after a brief gap due to recent political developments in the… Continue reading Sixth round of India-UK FTA talks to begin from Monday
Calcutta Tramways’ initiatives to make it more user-friendly and relevant
Currently Asia’s only tramway service, the iconic Calcutta Tramways, may have been discontinued on several routes in the city and some may consider it a misfit in a metropolis where traffic jams are frequent, but many want the services to continue. Tram lovers have convinced authorities that the trundling busses on rails are not merely… Continue reading Calcutta Tramways’ initiatives to make it more user-friendly and relevant