The Centre on Wednesday announced a new scheme, the Electric Mobility Promotion Scheme (EMPS), 2024, to promote the sale of electric two-wheelers (e2W) and three-wheelers (e3W) in the country. Heavy Industries Minister Mahendra Nath Pandey said that the Centre has allocated Rs 500 crore for the new scheme, which will be valid for four months […]
Day: March 14, 2024
Govt announces Rs 500 crore e-mobility scheme to promote electric vehicles
The heavy industries ministry on Wednesday announced a new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024. The new scheme is for 2-wheelers and 3-wheelers. The second phase of FAME-II or Faster Adoption and Manufacturing of Electric Vehicles in India programme ends on […]
Short seller attack was to defame India ‘s governance practices: Adani
The objective of the attack by US-based short seller Hindenburg on the Adani group shares last year was not only to destabilise the group but also to politically defame India’s governance practices, said Gautam Adani, chairman of the Adani group, in Mumbai on Monday. “Despite efforts to shake our foundations, we stood firm, not just […]
Power stocks edge lower
Power stocks were trading in red, with the S&P BSE Power index decreasing 352.73 points or 5.3% at 6306.79 at 13:42 IST. Among the components of the S&P BSE Power index, NHPC Ltd (down 7.21%), JSW Energy Ltd (down 7.11%),Adani Green Energy Ltd (down 6.94%),Adani Energy Solutions Ltd (down 6.91%),Power Grid Corporation of India Ltd […]
Power Grid Corporation of India Ltd eases for fifth straight session
Power Grid Corporation of India Ltd is quoting at Rs 268.35, down 5.89% on the day as on 13:19 IST on the NSE. The stock jumped 58.88% in last one year as compared to a 29.63% rally in NIFTY and a 70.02% spurt in the Nifty Energy index. Power Grid Corporation of India Ltd dropped […]
Treated wastewater discharge at Fukushima nuclear plant is safe: IAEA chief
The head of the UN atomic agency told local Japanese representatives at a meeting in Fukushima on Wednesday that the ongoing discharge of treated radioactive wastewater at the ruined nuclear power plant has met safety standards and that any restrictions on products from the region are not scientific. International Atomic Energy Agency Director-General Rafael Grossi […]
Wastewater discharge at Fukushima plant safe for residents: IAEA chief
The head of the UN atomic agency on Wednesday told local Japanese representatives at a meeting in Fukushima that the ongoing discharge of treated radioactive wastewater at the ruined nuclear power plant has met safety standards and that any restrictions on products from the region are not scientific. International Atomic Energy Agency Director-General Rafael Grossi […]
Govt approves India-Bhutan pact on energy efficiency, conservation
The Union Cabinet on Wednesday gave ex post facto approval to an initial pact between India and Bhutan on cooperation in the field of energy efficiency and conservation measures. The MoU was signed between the Bureau of Energy Efficiency, Ministry of Power, Government of India, and the Department of Energy, Ministry of Energy and Natural […]
Boeing 737 Max probe still trying to find who caused door failure
US accident investigators said they remain in the dark about who performed the work on the panel of a Boeing Co. jet that failed in January, despite high-level pleas to the company and interviews at the factory where the fateful removal of the part was performed. National Transportation Safety Board Chair Jennifer Homendy said she […]
US airlines’ plan to boost capacity in doubt amid delayed Boeing deliveries
US air carriers warned on Tuesday that their plans to increase capacity were in doubt due to more jet delivery delays from Boeing, as the hit to the airline industry from the planemaker’s safety crisis worsens. The airline industry has cut expectations for deliveries this year due to Boeing’s problems, complicating efforts to meet record […]
Boeing promises changes after poor grades in manufacturing quality audit
Responding to a US government audit, Boeing said Tuesday that it would work with employees found to have violated company manufacturing procedures to make sure they understand instructions for their jobs. The aircraft maker detailed its latest steps to correct lapses in quality in a memo to employees from Stan Deal, president of Boeing’s commercial […]
AAI expects net profit of Rs 3,257.28 cr in 2023-24, highest in 8 yrs
The Airports Authority of India (AAI), which operates over 120 airports, expects a net profit of Rs 3,257.28 crore in the current financial year (FY24), the highest in eight years, government officials told Business Standard. The government-run entity’s previous peak in net profit was in 2016-17 at Rs 3,115.93 crore. “With consistently high passenger footfalls, […]