The Singareni Collieries Company Limited (SCCL) has set a target of producing 2.3 lakh tonnes of coal every day for the next 60 days to meet the power requirements of the country. SCCL chairman and managing director N Balaram held a meeting with officials here on Friday where he directed the staff to work to […]
Day: February 3, 2024
Tata Motors starts work on gigafactory in UK
Tata Motors on Friday said it has started working on its gigafactory in Somerset in the UK, and the financial closure for the project is underway. At the post-earnings concall, Tata Motors Group Chief Financial Officer P B Balaji said the company has seen some impact of the Red Sea crisis but “it is manageable […]
Nepal SC issues show-cause notice over government’s power trade deal with India
Nepal’s Supreme Court has issued a show-cause notice to the government about the recently signed long-term power deal with India, questioning whether the agreement requires endorsement by a majority of parliament members. Nepal signed the Power Trade Agreement (PTA) to facilitate the export of 10,000 MW of electricity to India in the next ten years. […]
Mumbai civic body budget: Rs 928 crore provision for BEST
A provision of Rs 928 crore has been made for the Brihanmumbai Electric Supply and Transport (BEST) in the Mumbai civic body’s budget for FY 2024-25. BEST runs a public bus service in Mumbai and neighbouring areas, and supplies power to the island city of the metropolis. The Brihanmumbai Municipal Corporation in its budget presented […]
India may launch carbon capture policy to exploit vast coal resources
India is set to launch a carbon capture policy that it says will allow it to keep exploiting its vast coal resources and deal with its growing emissions, according to to a top government energy adviser. The policy is expected to be unveiled later this year – should Prime Minister Narendra Modi’s government retain power […]
Chennai metro first in India to become available on ONDC apps
The Chennai Metro Rail Limited has become the first metro service in India to integrate with the Open Network for Digital Commerce, an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. This initiative allows customers to effortlessly purchase single and return journey tickets for the Chennai […]
Automakers commit to sustainable mobility at Bharat Mobility Global Expo 2024
Major automakers in India on Friday reiterated their commitment to sustainable mobility through an exhibition at the Bharat Mobility Global Expo 2024, which has brought all stakeholders across the value chain under one roof. Companies, including Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Toyota, Mercedes-Benz and BMW, among others, showed a variety […]
Ola Electric launches S1 X variant, extends warranty for all products
Public markets-bound Ola Electric on Friday unveiled a 4 kilowatt-hour (kWh) variant of its S1 X scooter, along with an extended warranty for all its products and expansion of its charging and servicing networks. The electric scooter market leader said the S1 X range would be available for purchase immediately, with delivery starting by April […]
Shifting Tesla incorporation to Texas may not give Elon Musk what he wants
Elon Musk’s plan to pull up stakes from Delaware and reincorporate Tesla in Texas may not give the electric carmaker’s CEO the greater freedom he desires given the lack of history and different rules in that state’s business courts, legal experts said.
Tesla agrees to pay $1.5 million to settle California hazardous waste lawsuit
Tesla has agreed to pay $1.5 million to settle a lawsuit filed by 25 California counties earlier this week accusing the electric vehicle maker of mishandling hazardous waste at its facilities across the state.
Panasonic’s battery unit sees Q3 profit rise on stronger North America sales
Japan’s Panasonic Holdings posted a rise in third-quarter operating profit for its battery-making energy unit on Friday, helped by stronger sales in North America, and kept its full-year profit forecast for the segment. Third-quarter operating profit was boosted by increased sales in North America and a better balance between raw materials and selling prices, despite […]
Air India, Vistara boards may not be unified soon
Tata Sons is unlikely to integrate the boards of Air India and Vistara in a hurry, said people with knowledge of the matter. It will keep the management teams separate for at least a year after the companies receive all official clearances for their proposed merger, which is expected to take place sometime this year […]