Chandigarh: Assailing the Central government for denying clearance for a tour on green hydrogen to Germany, Belgium and the Netherlands, Punjab New and Renewable Energy Sources Minister Aman Arora on Friday questioned the BJP why it is politically so insecure from the Aam Aadmi Party leadership. This is not for the first time that the… Continue reading Punjab minister denied foreign tour to study green hydrogen
Author: Economic Times of India Online News
CBI nabs NHAI official for accepting bribe
New Delhi: The CBI on Friday nabbed a chief general manager of the National Highways Authority of India (NHAI) for allegedly accepting a bribe of Rs 5 lakh, officials said. Sadre Alam, posted at the Regional Office in Patna, was caught taking the bribe from two employees of a private company, they said. A search… Continue reading CBI nabs NHAI official for accepting bribe
India’s forex reserves hit near 2-year low
Mumbai: India’s foreign exchange reserves declined for a seventh straight week, touching $545.652 billion in the week ending September 16, Reserve Bank of India‘s data showed on Friday. In the previous week ending September 9, the foreign exchange reserves stood at $550.871 billion. The reserves have dropped by $5.22 billion to hit the lowest level… Continue reading India’s forex reserves hit near 2-year low
USA’s Fisker Inc. plans Indian EV market entry by next July, local production of sub-INR 20 lakh model likely from 2024
A few of those bookings, possibly in double digits, are from India. It’s only a few weeks ago that Fisker Inc. decided to start production of the right hand drive version of the Ocean from next year. The US electric vehicle (EV) maker Fisker Inc. plans to open its first India showroom in the Delhi… Continue reading USA’s Fisker Inc. plans Indian EV market entry by next July, local production of sub-INR 20 lakh model likely from 2024
DSEU to train 100 EV mechanics every year as part of ‘Green Jobs’ creation goal
Hero Electric Vehicles Ltd will support DSEU in designing the study material and will provide students with practical training and internship opportunities. The Delhi government will soon provide a comprehensive training program for electric vehicle mechanics as part of creating ‘Green Jobs’ in the capital and with the aim of becoming India’s training hub for… Continue reading DSEU to train 100 EV mechanics every year as part of ‘Green Jobs’ creation goal
Flowtrik, Salcomp ink pact to produce chargers for EVs
Chennai: Flowtrik, an Indian Institute of Technology Madras Incubation Cell startup has partnered with manufacturer of chargers and adaptors for smartphones and other devices Salcomp India to produce chargers for electric vehicles, officials said here on Thursday. As part of the partnership, Salcomp will be the exclusive manufacturing and business development partner for Flowtrik which… Continue reading Flowtrik, Salcomp ink pact to produce chargers for EVs
Freight costs fueled inflation. Can they dampen it now?
Companies are mentioning freight costs much less frequently during this season of conference calls than they did a year ago, and when they have discussed them, the conversation has revolved around a sense of relief. That’s a good sign for easing inflation. It’s easy to see why. The price to ship a maritime container on… Continue reading Freight costs fueled inflation. Can they dampen it now?
India’s Ola Electric ventures abroad, to enter Nepal next quarter
BENGALURU: SoftBank Group-backed Ola is looking to take its e-scooters global, starting with Nepal, as it seeks to tap into a growing international market for electric vehicles The company will expand further into Latin America, ASEAN and the European Union, it said in a statement on Thursday. It has signed a partnership agreement with CG… Continue reading India’s Ola Electric ventures abroad, to enter Nepal next quarter
Indian automaker Mahindra in talks to raise up to $500 million for EV push
By Aditi Shah, Sumeet Chatterjee and M. Sriram Indian automaker Mahindra & Mahindra is in talks with global investors to raise between $250 million and $500 million to accelerate its plans to build electric vehicles (EVs), a source with direct knowledge of the matter told Reuters. Mahindra is in early talks with global green funds… Continue reading Indian automaker Mahindra in talks to raise up to $500 million for EV push
Finland’s Salcomp ties up with startup Flowtrik to make EV chargers
Salcomp makes about 100 million mobile charges per year in India – seven factories, 12,000 workers- and globally about 300 million per year. Chennai: Finnish mobile phone charger maker Salcomp tying up with city based startup Flowtrik Technologies will start making chargers for electric vehicles (EV), said top officials. The two companies signed up a… Continue reading Finland’s Salcomp ties up with startup Flowtrik to make EV chargers