Walawalkar added that several PSUs and private companies have set up a considerable number of charging stations in India, while issues such as power ratings, and fast and slow charging are being looked at by the Bureau of Indian Standards and other organizations. He added that raw materials were also not a concern for Indian… Continue reading EV segment has seen significant progress in 2-3 years: Rahul Walawalkar, founder, IESA
Author: Economic Times of India Online News
MoRTH proposes exemption of EVs from RC issues, renewal fee
It further said that comments from the general public and all stakeholders have been sought within a period of 30 days from the date of issuance of this draft notification. New Delhi: The Ministry of Road Transport and Highways has moved a proposal to exempt electric vehicles from registration charges in a bid to promote… Continue reading MoRTH proposes exemption of EVs from RC issues, renewal fee
FM Logistic to expand in India, to help customers develop omnichannel strategies
Despite the pandemic, FM Logistic added around 10 Lakh sq ft of warehousing space under its operations, a 20% increase in its warehouse footprint in 2020-21. The on-and-off closure of brick-and-mortar stores in 2020 accelerated the demand for omnichannel and e-commerce logistics. “We are carrying out our plans to expand in India and help our… Continue reading FM Logistic to expand in India, to help customers develop omnichannel strategies
DICV offers fresh COVID package for dealers, employees
The new support package increases the assistance offered to dealerships to include 2 Lakh COVID Group insurance, 20 days credit for in-stock vehicles, fast-tracking of pending claims, and complete salary support. Go to Source
Economy poised to rebound, provided policy and funding let growth loose
Sound macroeconomic management, combined with budget and expenditure management that releases funds into the economy when it needs those funds, can bring life back to the economy. Economic growth for the pandemic year has been a bit more resilient than the general consensus, coming in at a decline of 7.3%, instead of a decline of… Continue reading Economy poised to rebound, provided policy and funding let growth loose
Logistics platform Delhivery raises $277 million led by Fidelity, valuation touches $3 billion
Earlier this year, Delhivery announced to expand its footprint by opening two new tech offices in Bengaluru and Ahmedabad, that will take its workforce strength to more than 500 employees in the country. Ahead of its initial public offering (IPO) this year, supply chain services provider Delhivery has reportedly raised $277 million in its latest… Continue reading Logistics platform Delhivery raises $277 million led by Fidelity, valuation touches $3 billion
Transporters reduce fares as business goes down
Jaipur Transport Operators Association president Anil Arora said, “Since the pandemic hit, we have been facing huge losses and it has reached to such an extent that now we are forced to reduce transportation cost so that we get at least some business.” Jaipur: The transporters in Rajasthan have reduced their fare by 20% for… Continue reading Transporters reduce fares as business goes down
GST: Taxability of annuity on road construction still a grey area
The taxability of annuity received for construction of roads remains a grey area as very less clarity has been provided on this aspect despite the hue and cry made by the industry. Further, discrepancy in the recommendations made in the minutes of 22nd GST Council meeting on October 6, 2017 and the notification issued in… Continue reading GST: Taxability of annuity on road construction still a grey area
India’s last mile delivery to become $6B profitable market by 2024
New Delhi, Indias last mile delivery market is set to touch a market size of $6-7 billion by 2024, moving in a similar direction to markets like China and the US where the penetration has reached more than 10 per cent, a new report said on Monday. India’s last mile delivery constitutes of FMCG, e-commerce,… Continue reading India’s last mile delivery to become $6B profitable market by 2024
French magistrates question fugitive auto magnate Carlos Ghosn in Beirut
Ghosn was arrested in Japan in November 2018 on accusations of financial misconduct and was kept in solitary confinement for months without being allowed to speak with his wife. He fled to Lebanon a year later in a Hollywood-style escape that stunned the world. Meanwhile, several associates are in jail or on trial in Japan… Continue reading French magistrates question fugitive auto magnate Carlos Ghosn in Beirut