The company also said that electricity sales for EV charging grew 45% in the third quarter of 2021 from the previous quarter. BP says its fast electric vehicle chargers are on the cusp of becoming more profitable than filling up a petrol car. The milestone will mark a significant moment for BP which wants to… Continue reading For BP, car chargers to overtake pumps in profitability race
Author: Economic Times of India Online News
UK Government suspends rollout of ‘smart motorway’ schemes amid safety concerns
Concerns have been raised following fatal incidents involving broken-down vehicles being hit from behind on the roads that already use technology to maintain the flow of traffic and give information on overhead displays. London: The UK government announced on Wednesday that the rollout of the “smart motorway” scheme introduced before 2020 will be paused until… Continue reading UK Government suspends rollout of ‘smart motorway’ schemes amid safety concerns
Carmakers put European stocks on road to record-high close
But JPMorgan took a cautious stance for the sector in 2022, citing consumer uncertainty over electric vehicles in Europe. Automobile stocks helped drive European shares to new highs on Wednesday, even as a new year rally appeared to be running out of gas due to concerns over COVID-19 and slowing growth. The continent-wide STOXX 600… Continue reading Carmakers put European stocks on road to record-high close
Uttar Pradesh emerging a leader in ethanol production and blending: ACS Sugar & Cane Sanjay R. Bhoosreddy
At present, a target of 10 percent ethanol blending has been set by the government of India, which is to be completed by the year 2022. Having 75 distilleries with production capacity of 249.49 crore liters per annum, Uttar Pradesh has become the largest producer of ethanol in the country, with 10 percent blending —… Continue reading Uttar Pradesh emerging a leader in ethanol production and blending: ACS Sugar & Cane Sanjay R. Bhoosreddy
Indonesia bans coal exports in January on domestic power worries
Ridwan said coal supplies to power plants each month were below the DMO, so by the end of the year “there was a coal stockpile deficit,” adding that the ban will be evaluated after Jan. 5. By Bernadette Christina JAKARTA: Indonesia has banned coal exports in January due to concerns that low supplies at domestic… Continue reading Indonesia bans coal exports in January on domestic power worries
Turkey hikes energy prices; Istanbul monthly inflation highest in decade
The lira shed 44% of its value against the dollar last year after a plunge since September, when the central bank, under pressure from Erdogan, began a series of aggressive rate cuts. ISTANBUL: Inflation soared by the most in at least a decade in Turkey’s biggest city Istanbul last month, according to data on Saturday,… Continue reading Turkey hikes energy prices; Istanbul monthly inflation highest in decade
Tata Motors domestic sales up 24% to 66,307 units in December
New Delhi: Auto major Tata Motors on Saturday reported a growth of 24% to 66,307 units in its domestic sales in December 2021. The company had sold 53,430 units in December 2020. In the passenger vehicle segment, the automaker witnessed 50% growth to 35,299 units in December 2021, as against 23,545 units in December 2020.… Continue reading Tata Motors domestic sales up 24% to 66,307 units in December
CES to now end sooner than planned as Omicron cases surge
The number of new COVID-19 cases in the U.S. has doubled in eight days to a record high of 329,000 a day on average, according to a Reuters tally. CES will now end a day earlier than planned, the organizer of the global technology and gadget show said, after companies including Amazon.com Inc and General… Continue reading CES to now end sooner than planned as Omicron cases surge
2022: Economy sets sail with growth hopes; pandemic, inflationary headwinds remain
In the 2021 April-June quarter, the economy recorded a whopping 20.1 per cent growth but then it came mainly on the back of the base effect as GDP contracted 24.4 per cent in the year-ago period. New Delhi: After navigating the turbulent pandemic waves, the recovering Indian economy is now sailing through unchartered waters of… Continue reading 2022: Economy sets sail with growth hopes; pandemic, inflationary headwinds remain
Commodities notch their best year since financial crisis rebound
As 2022 dawns, though, there are growing doubts about how far commodities can keep rising as a projected slowdown in economic growth, especially in China, and a rebound in supplies will likely weigh on prices. Commodities surged the most in over a decade this year as a rebound in demand from pandemic lockdowns was met… Continue reading Commodities notch their best year since financial crisis rebound