US President Donald Trump has approved Nippon Steel’s $14.9 billion acquisition of US Steel, concluding an 18-month process marked by union resistance and two national security reviews. As per a Reuters report, Trump signed an executive order allowing the deal to proceed after the companies entered an agreement with the US Treasury Department addressing national… Continue reading Trump clears Nippon Steel’s $14.9 billion US Steel takeover
Author: Economic Times of India Online News
India may ease EV localisation norms amid China’s rare earth export curbs
The PLI program is part of a broader government effort to reduce reliance on imports across key sectors, including electronics, textiles, semiconductors, and EVs. India is considering a relaxation of its stringent 50per cent localisation requirement for electric vehicle (EV) makers and suppliers in light of China’s recent curbs on rare earth exports, according to… Continue reading India may ease EV localisation norms amid China’s rare earth export curbs
NCLT initiates insolvency proceedings against Gensol Engineering and Gensol EV lease
The tribunal also asked the IRP to file periodical progress reports on the CIRP. The National Company Law Tribunal (NCLT) has ordered the commencement of insolvency proceedings against Gensol Engineering Ltd and its group company Gensol EV Lease, following petitions filed by the Indian Renewable Energy Development Agency (IREDA), PTI reports. In its order issued… Continue reading NCLT initiates insolvency proceedings against Gensol Engineering and Gensol EV lease
MSDE and Shell India launch EV and green skills training initiative
The curriculum has been co-developed by Shell, Edunet Foundation, and DGT to ensure alignment with industry standards. The Ministry of Skill Development and Entrepreneurship (MSDE) has partnered with Shell India to launch a comprehensive skills training initiative focused on green energy and electric vehicles (EVs). The initiative will impart industry-aligned training to students and faculty… Continue reading MSDE and Shell India launch EV and green skills training initiative
EV valuations need reset amid global slowdown, says Sandip Sabharwal
Sandip Sabharwal “Longer term I would still think that the EV penetration will only keep on growing. In the short term, we have this rare earth magnets issue and risk of a slower adoption, so those risks are there. But for over a 5, 10, 15-year horizon, the EV penetration has to become much more… Continue reading EV valuations need reset amid global slowdown, says Sandip Sabharwal
Vehicles parked at same spot on roads for 8+ days will be scrapped: CM
The state witnesses one to two accidental deaths daily, with pedestrians accounting for 50% of fatalities. In a stern warning to vehicle owners, chief minister Pramod Sawant on Thursday said that any vehicle left parked at the same spot on roads for more than eight days will be considered abandoned and will be sent directly… Continue reading Vehicles parked at same spot on roads for 8+ days will be scrapped: CM
Notice to transport secy over flag meter for autos
They contended that all vehicles with commercial permits, including two-wheelers, three-wheelers, taxis, maxi cabs, buses and heavy vehicles are mandated to have separate meters. The Gujarat high court issued a notice to the secretary of the state’s port and transport department in response to a petition filed by different associations of autorickshaw drivers. They objected… Continue reading Notice to transport secy over flag meter for autos
Smart cams catch violators, but fancy plates evade detection
However, while the system functions effectively for vehicles with standardized number plates, many vehicles in the city-including those with fancy, faded, or damaged plates-manage to escape detection and avoid penalties. Trichy city police have installed 29 ANPR (automatic number plate recognition) cameras across the city to digitally detect and penalise serious traffic violations that often… Continue reading Smart cams catch violators, but fancy plates evade detection
Over ₹17k challans pending against Hyd police vehicles
Lokendra Singh, a volunteer with Hyderabad City Security Council said such traffic violations set a bad example for the public. At a time when citizens are turning traffic vigilantes, law keepers are found breaching regulations. As per a RTI filed by city-based traffic educator Lokendra Singh, a fleet of vehicles registered under the Director General… Continue reading Over ₹17k challans pending against Hyd police vehicles
Death trap disguised as safety gear: Close to 70% of helmets sold in capital are fake
Echoing the call for action, Mitra Sen Verma, director, Bureau of Indian Standards (BIS), urged citizens to take part in the solution. “If you spot a fake helmet, report it. We act on every complaint we receive,” she assured. Across the capital, it’s a familiar sight: helmets, many times non-certified ones, hanging from the handlebars,… Continue reading Death trap disguised as safety gear: Close to 70% of helmets sold in capital are fake