Tata Group is considering a potential spinoff of its battery business, according to people familiar with the matter, as the Indian conglomerate expands its foray in the country’s renewable-energy and electric-vehicle sectors. Tata is in the early stage of discussions about eventually breaking out Agratas Energy Storage Solutions Pvt as an independent unit, the people […]
Day: February 16, 2024
Odisha’s Road to Renewal: From greenfield roads to six-lane highways, Gadkari paves the way for progress with marquee infrastructure projects
On Thursday, Union Minister for Road Transport & Highways Nitin Gadkari inaugurated and laid the foundation stones for 28 national highways (NHs) projects worth Rs 6,600 crore in Odisha. Nitin Gadkari along with Railway Minister Ashwini Vaishnaw virtually inaugurated a 79km four-lane road between Baharagora and Singhara on NH-49, valued at Rs 1,203 crore, and […]
Mahindra to use Volkswagen electric components, battery cells
Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of the German carmaker’s open platform for electric vehicles (EVs), Volkswagen said on Friday. Mahindra plans to use certain platform components, as well as Volkswagen’s unified battery cell, for its own electric platform, called INGLO, Volkswagen said […]
L&T got undue benefit of Rs 227 crores from Hyderabad Metro Rail
Larsen & Toubro Limited, the concessionaire for the Hyderabad Metro Rail, unduly benefited to the tune of Rs 227.19 crore as per the Comptroller and Auditor General of India on Public Sector Undertakings report that was tabled in the Legislative Assembly on Thursday. The state government needs to enforce the concession agreement conditions and contractual […]
India’s oil products demand surges in January, led by LPG and gasoline
India’s demand for oil products saw a significant increase in January, with a jump of 398,000 barrels per day (b/d) or 8.2% year-on-year, and a modest rise of 8,000 b/d from the previous month, according to a report by S&P Global Commodity Insights. The increase was driven primarily by higher consumption of all products except […]
India initiates anti-dumping probe into imports of solar glass from China, Vietnam
India has initiated an anti-dumping probe into imports of certain solar glass from China and Vietnam, following a complaint by domestic players. The commerce ministry‘s investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of ‘Textured Tempered Coated and Uncoated Glass’ made or from China and Vietnam. The product is also […]
Honeywell, ENEOS to develop world’s first commercial-scale hydrogen transport project
Honeywell announced that ENEOS, a leading energy company in Japan, will develop the world’s first commercial scale Liquid Organic Hydrogen Carrier (LOHC) project using Honeywell’s solution at multiple sites. “The LOHC solution enables the long-distance transportation of clean hydrogen and can help meet the growing requirements for hydrogen use across various industries by leveraging existing […]
Govt hikes windfall tax on petroleum crude to Rs 3,300 a tonne from Feb 16
The Indian government is increasing the windfall tax on petroleum crude to 3,300 rupees ($39.76) a metric ton from 3,200 rupees with effect from Feb. 16, according to a notification released on Thursday. It will also increase a windfall tax on diesel, that had been reduced to zero, to 1.50 rupees a litre, the order […]
Australia’s push to put more solar panels on rental homes
As a university student in Canberra, Eilis Fitt and her two housemates set rules to keep their electricity bill down – no heater in the living room unless everyone was home, and no turning on the washing machine or dishwasher during peak hours. So she was delighted – and surprised – when their landlord installed […]
Nitin Gadkari launches 28 NH projects worth Rs 6,600cr in Odisha
Union Road Transport and Highways Minister Nitin Gadkari inaugurated and laid the foundation stones for 28 national highway (NH) projects worth Rs 6,600 crore in Odisha. Though his visit to Odisha was cancelled at the last minute, Gadkari launched these projects virtually. Among the inaugurated projects were a 79km four-lane road between Baharagora and Singhara […]
India’s first helicopter emergency medical service to be launched from U’khand: Jyotiraditya Scindia
India is set to launch its first Helicopter Emergency Medical Service (HEMS) in Uttarakhand, as announced by Civil Aviation Minister Jyotiraditya Scindia. The HEMS will be stationed at the All India Institute of Medical Sciences (AIIMS) in Rishikesh and will be able to airlift accident victims within a radius of 150 km to the medical […]
What will it take for India’s drone industry to fly higher?
India aspiring to be the leader of Industry Revolution 4.0 has set the target of being a major global hub for drones by 2030 which will boost the country’s gross domestic product (GDP) by 1-1.5 percent while adding at least five lakh jobs in the coming years. Drones have been dubbed as an essential part […]