Gujarat Chief Minister Vijay Rupani on Tuesday announced the ‘Gujarat Electric Vehicle Policy 2021’ which, according to him, has been designed to see at least two lakh electric vehicles on the state roads in the next four years. To encourage people to turn to e-vehicles, the state government would provide subsidies ranging from Rs 20,000 […]
Day: June 23, 2021
Wipro Lighting, IoT firm Enlighted tie up for smart solutions at workplace
Smart lighting solutions provider Wipro Lighting, a part of the over $1-billion Wipro Consumer Care Ltd, has partnered with IoT solutions company Enlighted to deliver smarter workplaces. The Bengaluru-headquartered company has earlier partnered with global majors such as Schréder and Cisco in the space. Both the parties are integrating their solutions and technologies to create […]
Green hydrogen purchase to be mandatory for some sectors: R K Singh
Minister for Power and New & Renewable Energy R K Singh on Tuesday said purchase of green hydrogen will be made mandatory for certain sectors similar to renewable purchase obligation. Under RPO (Renewable Purchase Obligation), bulk purchasers like discoms, open access consumers and captive users are required to buy a certain proportion of renewable energy […]
NCLT clears Kalrock-Jalan resolution plan for Jet Airways with riders
The National Company Law Tribunal (NCLT) has cleared the Kalrock-Jalan plan to revive Jet Airways, while rejecting the consortium’s demand for historicity of airport slots. The Naresh Goyal-founded airline was shut down in April 2019 under heavy debt. The tribunal order comes exactly two years after the start of the insolvency proceedings. Jet is the […]
Hope Jet Airways will fly again by year-end: Resolution professional
With the National Company Law Tribunal (NCLT) giving its go-ahead for the resolution plan, Jet Airways could be back in the skies by the end of this year if everything goes well, according to the airline’s Resolution Professional Ashish Chhawchharia. Chhawchharia is managing the affairs of the grounded Jet Airways since the resolution process started […]
IIFCL profit surges over three-fold to Rs 325 cr in FY21; NPA eases
India Infrastructure Finance Company Ltd (IIFCL) on Tuesday reported a more than three-fold jump in its net profit to Rs 325 crore for the fiscal ended March 2021, mainly helped by recovery and reduction of bad loans. The state-owned infrastructure finance company had earned a net profit of Rs 94 crore on a consolidated basis […]
China to hold Asia Pacific Ministers meet tomorrow to discuss BRI projects
China has convened a key ministerial conference of Asia Pacific countries on Wednesday to discuss cooperation of its Belt Road Initiative (BRI), days after G7 countries headed by the US announced plans to Build Back Better World” (B3W) to counter Beijing’s multi-billion-dollar infrastructure development initiative. The Group of Seven (G7) comprising the US, Canada, Britain, […]