Shares of Tata Power Company Ltd. traded 0.36 per cent up at Rs 429.55 at 12:07PM (IST) on Monday, even as BSE benchmark Sensex gained 424.06 points to 73512.39. The scrip had closed at Rs 428.0 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 444.1 and Rs 193.05, […]
Category: Power
Power
Adani Power shares gain 0.42% as Sensex rises
Shares of the Adani Power Ltd. traded at Rs 597.0 on BSE at 10:25AM (IST) on Tuesday, up 0.42 per cent. The stock quoted a 52-week low price of Rs 187.0 and a high of Rs 647.0. Earlier in the day, the stock saw a gap up opening.
KP Energy Q4 Results: Net profit grows 60% to Rs 25 crore
KP Energy on Monday posted a 60 per cent rise in its consolidated net profit at Rs 24.89 crore during the quarter ended March 2024 on account of increased income. It had reported a net profit of Rs 15.48 crore in the January-March period of preceding 2022-23 financial year, the company said in an exchange […]
Tesla earnings a ‘moment of truth’ for Elon Musk after stumbles
Tesla CEO Elon Musk faces heightened pressure with Tuesday’s earnings report to reassure investors that recent stumbles are simply unexpected speed bumps — and not indications of a road to decline. The electric car maker, which enjoyed scorching growth for most of 2022 and 2023, has experienced setbacks that analysts say have raised the stakes […]
Macquarie’s $1.5 bn India EV platform to focus on fleet electrification
Australia’s Macquarie Group launched on Monday an EV financing platform for India that will focus 95% of its $1.5 billion investment on electrifying fleets of commercial vehicles. The platform, called Vertelo, will offer financing, fleet management and charging infrastructure solutions, its chief executive Sandeep Gambhir said at the launch.
Macquarie to invest $1.5 billion in EV sector through Vertelo
Macquarie Asset Management, part of Australia’s Macquarie Group, will invest $1.5 billion (about ₹12,500 crore) in India’s electric vehicle (EV) sector through its newly launched platform Vertelo, said a company statement. Vertelo will provide end-to-end solutions for fleet electrification in India.
Pavna Industries forays into EV segment; to supply auto components to OLA Electric
New Delhi, Steel and automotive player Pavna Industries on Monday said it has signed an agreement with EV player OLA Electric to supply auto components, marking an entry into the domestic EV sector. As part of the pact, it will provide auto components like ignition switches and latches to OLA Electric across its manufacturing plants […]
Xiaomi secures lock-in orders of more than 70,000 SU7 cars
Xiaomi secured lock-in orders of more than 70,000 SU7 cars as of Saturday, its founder Lei Jun told an investor conference on Tuesday. The Chinese smartphone maker targets deliveries of more than 100,000 SU7 cars in 2024, Xiaomi President Lu Weibing said on his Weibo account, relaying key takeaways from Lei at the investor event.
Automakers hope for a cut as two-way EV charging becomes real
Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power back to grids become a more realistic prospect. Bidirectional, or vehicle-to-grid (V2G), charging lets EV owners charge at overnight off-peak rates then sell power back to grids at […]
India may not extend EV concessions to Chinese firms: Report
India may not extend electric vehicle concessions to Chinese EV companies like BYD owing to national security concerns, according to a report of Moneycontrol. “The concessional import duty policy is linked to actual investments in that sense. BYD does not come into the picture because it will not be able to provide FDI commitment that […]
ONGC plans June drilling for India’s first geothermal project in Ladakh
Oil and Natural Gas Corp (ONGC) is planning to mount a fresh drilling campaign in June for India’s first geothermal project after suffering a setback two years ago. If successful, the project could open a source for emission-free electricity, space heating, and irrigation in the cold and harsh terrains of Ladakh. The company plans to […]
Elon Musk’s Robotaxi dreams plunge Tesla into chaos
Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — whose biographer describes his more intense moods as “demon mode.” But even by Tesla standards, this year has been unruly. Its stock has slid […]