CM Naveen Patnaik with dignitaries at the conclave. Bhubaneswar: The Odisha government said that it has bagged 325 investment proposals valued at over Rs 8.90 lakh crore till the fourth day of the ongoing business summit. Four new projects were inaugurated during the five-day ‘Make In Odisha Conclave 2022’ that began on November 30, and… Continue reading Odisha bags investment proposals worth Rs 8.90 lakh cr so far in biz summit
Author: Economic Times of India Online News
Tata Trusts Board may consider internal candidate for CEO job
Traditionally, the Trusts have been governed by a Tata insider. Narasimhan was named the first CEO of the Tata Trusts in 2020, marking a shift to a more professional management style. Narasimhan was earlier managing director of Tata Teleservices and Tata Teleservices (Maharashtra). The Tata Trusts board of trustees is understood to be considering a… Continue reading Tata Trusts Board may consider internal candidate for CEO job
US green plan should be ‘wake-up call’ for EU industry: French minister
Washington -French Finance Minister Bruno Le Maire on Friday said Washington’s $430 billion plan to spur climate-friendly technologies in the United States must be seen as a wake-up call for Europe. The EU “must be able to sweep in front of our own door” before worrying about the effects of the US climate plan on… Continue reading US green plan should be ‘wake-up call’ for EU industry: French minister
Proposed battery swap subsidy unlikely to be linked to EV standards
Representative Image India is unlikely to link the likely subsidy for battery swapping to adherence of standards, to be announced soon. Existing electric vehicle manufacturers are opposed to homogenous swapping standard. Battery Swapping Policy has already been finalised and will be notified shortly, said an official, privy to the development. “The standards mentioned in the… Continue reading Proposed battery swap subsidy unlikely to be linked to EV standards
Fusion Processing to help HVS in APC-aided hydrogen mobility project for net zero
Fusion Processing, a Bristol-based automated drive systems provider, today announced a collaboration with Hydrogen Vehicle Systems (HVS), a Hydrogen powered heavy truck maker, on a GBP 15 million (USD 17.8 million) grant from the UK Government’s Advanced Propulsion Centre (APC) as part of a wider funding package to support zero emission transport. Fusion Processing is… Continue reading Fusion Processing to help HVS in APC-aided hydrogen mobility project for net zero
Tata Power announces Rs 6,000 crore investment in Odisha
Bhubaneswar: Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha. Speaking at the Make in Odisha Conclave here on Thursday, Sinha said the four power discoms of Odisha, where Tata Power has a majority stake, are committed to Rs 6,000 crore capex investment in the… Continue reading Tata Power announces Rs 6,000 crore investment in Odisha
Reform candidates lead in UAW races with 68% of vote counted
DETROIT – Members of the United Auto Workers union appeared on Thursday to favor replacing many of their current leaders in an election that stemmed from a federal bribery and embezzlement scandal involving former union officials. Reform-minded candidates, many part of the UAW Members United slate, are leading or close in multiple key races with… Continue reading Reform candidates lead in UAW races with 68% of vote counted
U.S. EPA proposes revamp of biofuel program to include electric vehicles
NEW YORK- President Joe Biden’s administration on Thursday unveiled a three-year proposal to expand the U.S. biofuels policy with bigger volume mandates and – for the first time – include a pathway for electric vehicle manufacturers to generate lucrative credits. Biden wants to fight climate change by reducing fossil fuel use in America’s transport sector,… Continue reading U.S. EPA proposes revamp of biofuel program to include electric vehicles
Haryana to introduce vehicle scrappage policy
Chandigarh: The Haryana government on Thursday said it will launch a vehicle scrappage policy which will offer incentives including a rebate on fee on the registration of a new vehicle. The five-year policy will be in sync with the voluntary vehicle fleet modernization programme of the Government of India to encourage the scrapping of vehicles… Continue reading Haryana to introduce vehicle scrappage policy
Auto wholesales in Nov 2022: PVs at record peaks, 2Ws dip; YoY dispatches in green
Highlights November 2022 reported highest-ever PV wholesales for the month, CY2022 projected to touch peak PV sales at 38 lakh units, previous high was in 2018, ICRA expects PV volumes to touch about 37-38 lakh units in FY23, High ownership costs, financing rates remain issue in 2W sector, Sentiments are slowly improving at rural level,… Continue reading Auto wholesales in Nov 2022: PVs at record peaks, 2Ws dip; YoY dispatches in green