In the previous two years, the government had raised the allocation under the scheme at the ‘revised estimated’ stage to meet the higher demand. Work generation under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) increased in May over the previous month as well as the year-ago period, bucking the trend seen in the… Continue reading MGNREGA work generation grows in May
Author: Economic Times of India Online News
India needs $225-250 bn investment to meet its 2030 renewable energy target: Moody’s
If India is to to reach its net-zero emissions by 2070, it needs a shift in its energy mix toward renewable energy, enabled by supportive government policies, private sector participation and low cost capital, Moody’s Investors Service said in a report on Monday. The government’s support in encouraging the private sector and overseas investors to… Continue reading India needs $225-250 bn investment to meet its 2030 renewable energy target: Moody’s
EV maker Electric Last Mile Solutions files for bankruptcy
The EV maker previously laid off about 24% of its staff as it focussed on its core business. U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) said on Sunday it is planning to file for Chapter 7 bankruptcy, after a review of its products and commercialization plans. The move comes after the… Continue reading EV maker Electric Last Mile Solutions files for bankruptcy
Tata companies well-capitalised, focus on future growth business: N Chandrasekaran
Air India is a hugely important business and not just a pure emotional investment. We will do all we can to make it work, says N Chandrasekaran. Tata Sons infused over Rs 80,000 crore and made additional secondary market purchases of around Rs 10,000 crore in group companies in the past five years to strengthen… Continue reading Tata companies well-capitalised, focus on future growth business: N Chandrasekaran
Differentiation in EVs will be through software, says Amitabh Saran of Reliance backed Altigreen
Like so many startups in the industry, Altigreen wants to cash in on the reluctance of legacy automakers to electrify their portfolio. It was in 2011 when a 44 year old Amitabh Saran while playing golf with his friends in Delhi, whined about the high price of hybrid cars in India. Only a few months… Continue reading Differentiation in EVs will be through software, says Amitabh Saran of Reliance backed Altigreen
Impact of strike by South Korean truckers on autos, steel, others
Thousands of South Korean truckers were on strike for the seventh day on Monday, protesting over pay as fuel costs surge, disrupting production, slowing port operations and posing new risks to a strained global supply chain. Following are details of the disruption, lost production and reactions from union officials and businesses.AUTOS Production at Hyundai Motor… Continue reading Impact of strike by South Korean truckers on autos, steel, others
India’s indigenous drones set to take flight but concerns remain: Experts
In order to showcase the potential of the indigenous drone industry, India recently organised its biggest drone festival in the national capital. With a growing indigenous base of manufacturers, India’s drone industry may play an instrumental role in public services such as agriculture, defence, healthcare and infrastructure maintenance in the future, say experts while also… Continue reading India’s indigenous drones set to take flight but concerns remain: Experts
FPIs pull out Rs 14,000-cr from Indian equities in June on global, domestic concerns
Going forward, the FPIs’ selling may continue in the near-term, however, a moderation in sell-off is expected during short to medium-term, Vinod Nair, Head of Research at Geojit Financial Services, said. Wary of the scenario on the global and domestic fronts, foreign investors continued to withdraw from Indian equity markets and pulled out close to… Continue reading FPIs pull out Rs 14,000-cr from Indian equities in June on global, domestic concerns
Why the world economy will pay a ‘hefty price’ for the war in Ukraine
More central banks around the world are unleashing a greater amount of policy firepower as they seek to combat unrelenting inflationary pressures. Half percentage-point increases in interest rates are becoming more common, as seen in India and Australia this week. Federal Reserve officials next week are forecast to raise rates by 50 basis points as… Continue reading Why the world economy will pay a ‘hefty price’ for the war in Ukraine
Popularising EVs: Soon use Delhi Transport Corporation facilities to charge your vehicle
CESL is developing these public EV charging stations and battery swapping stations at these terminals and depots in collaboration with DTC. NEW DELHI: While the national capital now boasts of three ‘electric bus depots’ that house the 152 electric buses in the Delhi Transport Corporation’s (DTC) fleet with 150 more on the way, depots and… Continue reading Popularising EVs: Soon use Delhi Transport Corporation facilities to charge your vehicle