The Supreme Court on Monday asked SpiceJet to clear its outstanding dues of $1.25 million by March 15 to Swiss financial services firm Credit Suisse in a $24 million payment dispute. It also asked Spicejet chairman Ajay Singh to be present before it on March 22, the next date of hearing. The case related to […]
Day: February 19, 2024
Air India to upgrade Boeing 777, 787 fleet with Thales inflight entertainment system
Air India’s existing fleet of 40 Boeing 777s and 787s will be upgraded with Thales’ inflight entertainment system. The fleet will be upgraded with AVANT Up inflight entertainment solution, according to a release on Monday. “Thales will upgrade and retrofit Air India’s current fleet of 40 Boeing 777s and 787s with its state-of-the-art AVANT Up […]
Coal India to bid for 3 mines in critical minerals auctions in February
State-run Coal India will bid for three blocks in critical minerals auctions conducted by the country’s mines ministry in February, Chairman and Managing Director P M Prasad told analysts in a post-earnings conference call on Monday. The world’s largest miner has also visited lithium mines in Australia and is in preliminary talks about operating them, […]
Govt says 40 bids received via offline mode for coal mines auction under 9th round
New Delhi: The coal ministry on Monday said it has received 40 bids through offline mode for the coal mines put for sale under the ninth round of commercial auction. The government had launched the ninth round of commercial mines auction in December last year. “The Ministry of Coal has received an overwhelming response for […]
Pitching to assist India to develop EV sector, says Australian envoy
New Delhi: Australia is pitching to become India’s key supplier of critical minerals, which would enable the country to develop the electric vehicle industry, said its high commissioner to India Philip Green. He told ET, close on the heels of foreign minister S Jaishankar’s Perth trip, that the Indian entities should move fast as the […]
EV firms driving demand for expats; cos increase hiring in tech, engineering, R&D roles
Bengaluru: Electric vehicle makers in India are accelerating their search for expat talent even as the country positions itself among the world’s leading EV markets. Companies such as Tata Motors, Ather Energy, Ultraviolette and Royal Enfield are looking for, or have recently brought in, expats and returning Indians for their global perspective, functional expertise in […]
Jaipur customer buys over Rs 1 lakh Ather e-scooter with Rs 10 coins, CEO Tarun Mehta shares pic of owner with coin bags
A customer from Jaipur has made headlines by purchasing a brand new Ather 450 electric scooter using only Rs 10 coins. The CEO of Ather Energy, Tarun Mehta, was impressed by this unique payment method and shared a picture of the proud customer receiving the key surrounded by pouches filled with Rs 10 coins. The […]
Volkswagen to launch imported electric SUV ID.4 in India to test market readiness
German automobile manufacturer Volkswagen will launch a fully imported all-electric sport utility vehicle ID.4 in India later this year to test consumer readiness in the local market, said company executives. Electrification is one of the company’s priorities which will play out in the country in three stages, Volkswagen Passenger Cars India brand director Ashish Gupta […]
RenewSys to set up PV modules, PV Cell manufacturing units in Telangana
Hyderabad: RenewSys India Pvt Ltd on Monday signed an MoU with the Telangana government for setting up multiple PV modules and PV Cell manufacturing units in the state with a phased investment of around Rs 6,000 crores. RenewSys is a company headquartered in Singapore and it has set up integrated manufacturing facility of solar PV […]
Tesla Power India to hire over 2,000 people across verticals
Tesla Power today announced plans to recruit over 2000 employees across various verticals as part of their expansion efforts in India. The planned recruitment drive will encompass a diverse range of positions across engineering, operations, sales, marketing, and support functions. Tesla Power India has recently launched its first refurbished battery brand, ReStore. The company plans […]
ONGC’s Mumbai high: 50 years on still going strong
India’s flagship and largest oilfield Mumbai High was discovered on this day 50 years back and while most fields of that vintage have gone out of production, the field in the Arabian Sea is still going strong. State-owned Oil and Natural Gas Corporation (ONGC) held a function in Mumbai to mark the golden jubilee of […]
Power Grid Corporation board approves investments of Rs 656 crore
State-owned Power Grid Corporation on Monday said its board has approved an investment worth about Rs 656 crore for implementation of electricity transmission projects in the country. “…its Board of Directors and ‘Committee of Directors on Investment on Projects in their respective meetings held on 18th February, 2024, have accorded investment approvals,” a BSE filing […]