LAS VEGAS – The head of the United Steelworkers union on Monday vowed to pursue employees in clean energy, electric cars and retail industries as it seeks to adapt to a changing economy and rebuild membership in old-line industries.Thomas Conway, the leader of the USW, told an audience of about 3,500 union members and retirees… Continue reading USW chief vows to organize clean energy, electric car and retail workers
Author: Economic Times of India Online News
U.S. climate deal has money for EVs, clean energy and even Big Oil
After years of failed attempts to pass major legislation to combat climate change, the U.S. Senate’s Inflation Reduction Act is poised to become largest U.S. climate legislation in history. The bill would divert nearly $370 billion to climate and energy security measures, aimed at slashing greenhouse gas emissions around 40% by 2030 and curbing consumer… Continue reading U.S. climate deal has money for EVs, clean energy and even Big Oil
Lok Sabha passes bill to promote non-fossil fuels
A bill seeking to mandate the use of non-fossil energy sources such as biomass, ethanol and green hydrogen was passed by the Lok Sabha on Monday. Piloting the Energy Conservation (Amendment) Bill, 2022, Power Minister R K Singh said “this is the bill for the future,” and urged the members to approve it. The bill… Continue reading Lok Sabha passes bill to promote non-fossil fuels
Australian minister Don Farrell to visit India in Sept for Trade Pact talks
Australian minister for trade and tourism Don Farrell is likely to visit India next month to begin talks on a bilateral comprehensive trade agreement with Canberra. The interim trade deal that the two sides signed earlier this year is also expected to be ratified soon. India and Australia signed the Economic Cooperation and Trade Agreement… Continue reading Australian minister Don Farrell to visit India in Sept for Trade Pact talks
Reliance builds technology & innovation portfolio for Green Energy foray through partnerships, acquisitions, R&D
In his letter to shareholders, Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said “we entered into a series of partnerships, including equity investments, with local and international corporates with unique technological and execution capabilities, with a strong track record of innovation and a growing number of patents and IPRs across the Green Energy value… Continue reading Reliance builds technology & innovation portfolio for Green Energy foray through partnerships, acquisitions, R&D
Explained: Why India’s repo rate is now 25 basis points above the pre-pandemic level
NEW DELHI: The Reserve Bank of India on Friday raised the key policy rates by 50 basis points (bps), bringing the repo rate to 5.40%, 25 bps above the pre-pandemic level of 5.15% in February 2020. The repo rate is now up from a 20-year low of 4% to 5.40% all in a matter of… Continue reading Explained: Why India’s repo rate is now 25 basis points above the pre-pandemic level
What India needs to learn from Europe’s rapid EV adoption
Europe is clearly outpacing global peers in electrifying its automotive sector, with adoption pegged at 16 per cent of all new car sales in the region by 2025. By 2030, almost half of the annual sales would fall under the electric category, predicts a report by Accenture. What is powering Europe’s EV adoption, and what… Continue reading What India needs to learn from Europe’s rapid EV adoption
Entry-level vehicles go off buyers’ wish list
Large entry-level players like Hero MotoCorp in two-wheelers and Maruti Suzuki in cars will continue to play in this segment and offer aggressive schemes, discounts and new products, according to industry experts. Mumbai: Entry-level cars, the bread and butter for India’s automakers until a few years ago, are fast losing their place on the wish… Continue reading Entry-level vehicles go off buyers’ wish list
TelioEV appoints Mukesh Bansal as CTO
Mukesh Bansal, Chief Technology Officer, TelioEV New Delhi: TelioEV, a charging network provider, has announced the appointment of Mukesh Bansal as its Chief Technology Officer (CTO). Bansal brings around two decades of leadership experience in IoT and Robotics product solutions and customer engagement, according to a statement. Prior to joining TelioEV, Bansal held leadership positions… Continue reading TelioEV appoints Mukesh Bansal as CTO
Green energy business to outshine existing ones in 5-7 years: Mukesh Ambani
Mukesh Ambani Reliance Industries Ltd‘s (RIL) green energy business which was launched last year will outshine all its existing growth engines in just 5-7 years, Chairman Mukesh Ambani said in his note to shareholders in the company’s annual report for FY22. “Over the next 12 months our investments across the Green Energy value chain will… Continue reading Green energy business to outshine existing ones in 5-7 years: Mukesh Ambani