“It is our pleasure to collaborate with CESL, and soon we hope to make EVs accessible, affordable and reliable for the masses,” R Harikumar, director, Energy Management Centre, government of Kerala, said. New Delhi: Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), on June 5, the World Environment Day,… Continue reading CESL pact with Goa and Kerala for over 30,000 electric 2 and 3-wheelers
Author: Economic Times of India Online News
Zomato to transition its entire fleet to electric vehicles by 2030
“The current EV fleet is a small fraction of the active fleet of delivery partners, and we understand that getting to 100% adoption of EVs will not be easy, but is essential in the long run,” Goyal said. New Delhi: Food delivery platform Zomato said it will join EV100, a global initiative of companies committed… Continue reading Zomato to transition its entire fleet to electric vehicles by 2030
GST revenues up 65% in May at Rs 1.02 lakh crore
The collection figure crossed Rs 1 lakh crore despite the fact that most states have been under strict lockdown due to the pandemic, the ministry said. New Delhi: GST revenue mop-up remained above the Rs 1 lakh crore mark for the eight straight month in May at over Rs 1.02 lakh crore. The May 2021… Continue reading GST revenues up 65% in May at Rs 1.02 lakh crore
National highway construction jumps 73.5% to 1,470 km in April-May
The road transport and highways ministry has constructed 1,470 km of national highways in the current financial year so far, an increase of 73.5 per cent as compared to the year-ago period. The ministry in a tweet said it had constructed 847 km of highway in the April-May 2021 period. The ministry awarded national highway… Continue reading National highway construction jumps 73.5% to 1,470 km in April-May
India’s auto demand to recover despite Covid second wave: Fitch
“We expect the impact from the higher cost of ownership due to rising fuel prices and price hikes to be limited, except in the more vulnerable categories such as two-wheelers. Indian automakers’ margins will improve in FY22 on favourable operating leverage, while price increases will offset higher input prices.” says Fitch. Mumbai: A less severe… Continue reading India’s auto demand to recover despite Covid second wave: Fitch
ETtech Deals Digest: Logistics startups raise bigger financing rounds
Logistics and supply chain startups bagged bigger rounds this week. Meanwhile, Mensa Brands, the Thrasio-style venture of Ananth Narayanan, secured $50 million in a mix of equity and debt. Delhivery Logistics startup Delhivery has picked up around $277 million in a new funding round led by US-based Fidelity with Singapore’s sovereign wealth fund GIC also… Continue reading ETtech Deals Digest: Logistics startups raise bigger financing rounds
NHPC inks pacts with CESL to get 25 EVs, 3 fast chargers
A broad MoU between NHPC and EESL to explore opportunities of Energy Efficiency and Conservation measures in NHPC is also under process. New Delhi: State-run hydro power giant NHPC on Friday signed pacts with Convergence Energy Services Ltd (CESL) to procure 25 electric vehicles on lease and three fast EV chargers. NHPC Ltd has signed… Continue reading NHPC inks pacts with CESL to get 25 EVs, 3 fast chargers
TOI Auto Green Talk: Why battery swapping business is key to EV boom
Considering that the battery of an e-rickshaw lasts no more than 80 km of operations, it remains grossly underutilized, and such a limitation makes EVs unviable for fleet owners, cabs and buses etc. However, with battery swapping in place, the driver can drive into a Battery Swapping Station, get the drained battery replaced with a… Continue reading TOI Auto Green Talk: Why battery swapping business is key to EV boom
Renault Nissan Auto breached agreement with union: Madras HC
Madras High Court on Friday categorically said the agreement has to be implemented in full. New Delhi: Frowning upon the car maker Renault Nissan Automotive India Private Ltd for breaching the agreement signed with its worker union, the Madras High Court on Friday categorically said the agreement has to be implemented in full. Renault Nissan… Continue reading Renault Nissan Auto breached agreement with union: Madras HC
Economy hit by Covid-19 second wave to start recovering from July, says CEA Subramanian
Chief economic advisor (CEA) KV Subramanian NEW DELHI: Chief economic advisor (CEA) KV Subramanian on Thursday said that the second wave of Covid-19 has affected the momentum of economic recovery. However, he also pointed that he expects a recovery in the economy from July onwards. “The second wave of Covid-19 has affected the momentum of… Continue reading Economy hit by Covid-19 second wave to start recovering from July, says CEA Subramanian