Ahmedabad: AdRoad Transport Ltd (ARTL), a wholly-owned subsidiary of Adani Enterprises Ltd (AEL), has entered into a definitive agreement to acquire Maharashtra Border Check Post Network Ltd (MBCPNL), a subsidiary of Sadbhav Infrastructure Project Limited (SIPL). ARTL, which develops, constructs, operates and manages roads and highway projects in India, will acquire a 49 per cent… Continue reading Adani Group to acquire MBCPNL portfolio from Sadbhav Infra
Author: Economic Times of India Online News
City bizmen upbeat over introduction of vehicle scrappage policy by centre
Ludhiana: City businessmen are upbeat over the announcement of vehicle scrappage policy by the central government, under which the old and unfit vehicles will be scrapped and owners will be incentivised if they purchase new vehicles. The policy will give great push to the automotive sector and the auto parts and fasteners manufacturers based in… Continue reading City bizmen upbeat over introduction of vehicle scrappage policy by centre
India’s vehicle scrappage policy provides opportunities for new biz models: Experts
Commenting on the policy which was launched by Prime Minister Narendra Modi last week, Deloitte India said it is also likely to attract additional investments and generate employment through registered vehicle scrapping facilities (RVSFs), with around 50-60 such centers likely to be set up across the country. New Delhi: India’s vehicle scrappage policy provides opportunities… Continue reading India’s vehicle scrappage policy provides opportunities for new biz models: Experts
Wholesale inflation drops to 11.16 pc in July
The index for fuel and power increased by (0.53 per cent) to 114.3 from 113.7. Prices of mineral oils (5.41 per cent) increased in July as compared to June. Prices of electricity (minus 11.61 per cent) declined while prices of coal remain unchanged. New Delhi: The annual rate of inflation based on monthly wholesale price… Continue reading Wholesale inflation drops to 11.16 pc in July
PE-VC funds in EVs up 3x this year
The year 2021 has already recorded 11 investment deals worth $519 million in the sector compared to 13 investments of $165 million value in entire 2020, according to data from Venture Intelligence (see graphic). The investment tally includes renewable energy companies Fourth Partner Energy and Fortum that also operate in the electric mobility space. Chennai:… Continue reading PE-VC funds in EVs up 3x this year
Opinion: How clean mobility can help India meet climate commitments
Globally, the decarbonisation of transportation is underway through multiple pathways, including direct electrification and indirect electrification through hydrogen. By Chandana Sasidharan The latest report by the Intergovernmental Panel on Climate Change (IPCC) states that human influence has changed the climate at an unprecedented rate. Actions for limiting carbon dioxide (CO2) and other greenhouse gas emissions… Continue reading Opinion: How clean mobility can help India meet climate commitments
Indian auto industry voluntarily recalls 376,536 vehicles this year, more than double of 2019
The Indian auto industry saw its highest recalls of 1,000,467 units and 932,449 units in 2015 and 2016 respectively, largely due to technical issues facing General Motors India and Honda Cars India. Mumbai: The Indian auto industry voluntarily recalled 376,536 vehicles till August 11 this year, compared with 380,615 units in the entire 2020, as… Continue reading Indian auto industry voluntarily recalls 376,536 vehicles this year, more than double of 2019
Global supply chains are being battered by fresh Covid surges
Asia’s renewed surge in Covid-19 infections is compounding supply-chain blockages across the world’s biggest source of manufactured goods. After weathering earlier pandemic waves better than other regions, the fast-spreading delta variant has thrown into turmoil factories and ports in countries that were once among the most successful containing the virus. The snarls in Asia —… Continue reading Global supply chains are being battered by fresh Covid surges
Mahindra World City, EVRE ink pact to get 1,500-acre commercial township electric vehicle ready
Mahindra World City, Chennai has entered into a partnership with electric vehicle (EV) charging and battery swapping solutions provider EVRE to enable EV-readiness for the country’s first public-private partnership (PPP) commercial integrated township spread over 1,500 acres. With this deployment, Mahindra World City Chennai, which is an 89:11 alliance between Mahindra Lifespace Developers and Tamil… Continue reading Mahindra World City, EVRE ink pact to get 1,500-acre commercial township electric vehicle ready
Pandemic hits India’s prospects to become $5 tn economy by FY25: Economist
On high inflation, Vakulabharanam said the current higher level of inflation is not a matter of serious concern for the economy. New Delhi: It is highly unlikely that India will become a USD 5 trillion economy by 2024-25 due to the slowdown caused by the COVID-19 pandemic, University of Massachusetts professor Vamsi Vakulabharanam has said.… Continue reading Pandemic hits India’s prospects to become $5 tn economy by FY25: Economist