The festive season may have ended but festivities are continuing for electric vehicle (EV) makers with November sales likely to match the record set last month amid Navratri and Diwali seasons. If October set a monthly record of 115,861 EV sales, the numbers this month have already crossed 99,000 units, as per data from government… Continue reading Festive season not over for EV makers as sales hit top gear
Author: Economic Times of India Online News
India’s electricity shortage erased by renewables growth
India’s electricity transmission system passed the difficult post-monsoon period this year with far less stress than in 2021, following a major effort to improve coal stocks and a big expansion of renewable generation capacity. There was no repeat of the widespread blackouts which plagued many parts of the country in late September and early October… Continue reading India’s electricity shortage erased by renewables growth
Despite assurances given to Kerala HC, protesters block vehicles to Vizhinjam port
The Adani Group, which is constructing the seaport, told PTI that the works restarted today based on a high court order. Violating the assurances given to the Kerala High Court, the protesters in front of the under-construction Vizhinjam seaport here on Saturday blocked the trucks carrying construction materials to the site. The protesters, led by… Continue reading Despite assurances given to Kerala HC, protesters block vehicles to Vizhinjam port
SBI reports highest profit, broking houses lauding us: chairman
With India already becoming the fifth largest economy, he said perhaps by 2027, the country would be the third largest in terms of the size of the economy. Chairman of the country’s biggest lender State Bank of India (SBI) Dinesh Khara on Saturday asserted that analysts and broking houses are praising the financial performance of… Continue reading SBI reports highest profit, broking houses lauding us: chairman
South Korea transport ministry to meet with striking truckers union on Monday
The transport ministry said about 5,400 people attended the strike on Saturday as of 10 a.m. (0100 GMT) in about 150 locations nationwide, down from 9,600 people on the first day of the strike. South Korea’s transport ministry plans to meet with the striking truckers union on Monday for negotiations, a ministry official said on… Continue reading South Korea transport ministry to meet with striking truckers union on Monday
Bikes with flex engine made on my insistence, major brand ethanol cars soon, says Nitin Gadkari
A strong proponent of bio-fuel, said he is coming up with a bio-CNG plant in the region as he exhorted others to set up similar ventures. Union transport minister Nitin Gadkari said that on his insistence two-wheeler majors like Hero, Bajaj and TVS have come up with bikes with flex engines, which may be on… Continue reading Bikes with flex engine made on my insistence, major brand ethanol cars soon, says Nitin Gadkari
Namibia plans railway revamp to boost regional coal exports
TransNamib plans to move around 50,000 tonnes of coal a month off trucks and on to trains at Gobabis, a town in eastern Namibia 110 km from the Botswana border and about 600 kms from Walvis Bay. By Wendell Roelf Namibia’s state-owned railway company TransNamib plans to shift coal exports from Botswana off the road… Continue reading Namibia plans railway revamp to boost regional coal exports
Pravaig launches electric SUV Defy at INR 39.5 lakh, deliveries to begin next year
Bookings of the new model have begun at INR 51,000 and deliveries are expected to begin from Q3 2023. New Delhi: Bengaluru-based automobile startup Pravaig Dynamics on Friday launched its Defy SUV, priced at INR 39.5 lakh (ex-showroom). Bookings of the new model have begun at INR 51,000 and deliveries are expected to begin from… Continue reading Pravaig launches electric SUV Defy at INR 39.5 lakh, deliveries to begin next year
EU demands quick fix from US of green subsidy law
European Union ministers warned on Friday that time was running out to resolve differences with Washington over US plans to give tax credits to consumers buying electric vehicles and other green products as long as they are made in North America. The EU argues the $430 billion Inflation Reduction Act, to take effect in January,… Continue reading EU demands quick fix from US of green subsidy law
India’s foreign exchange reserves rise for a second week, pace eases
The rise in the foreign exchange reserves can be attributed to gains in the Foreign Currency Assets (FCA), which is a major component of the overall reserves, according to the Weekly Statistical Supplement released by RBI. India’s foreign exchange reserves rose for a second week, amid somewhat easing of pressure on the rupee due to… Continue reading India’s foreign exchange reserves rise for a second week, pace eases