Oil prices stabilised on Tuesday, with the previous session’s drop arrested by dwindling prospects of negotiations between Israel and Hamas producing a ceasefire in Gaza. Brent crude futures edged up 5 cents, or 0.1%, to $90.43 per barrel by 1309 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 10 cents or 0.1% at […]
Day: April 10, 2024
China’s EV makers order record number of ships to support car exports
Chinese automakers and shippers are ordering a record number of car-carrying vessels to support a boom in EV exports, data showed, putting China on course to amass the world’s fourth-largest fleet by 2028. China currently has the world’s eighth-largest fleet with 33 car-carrying ships, showed data from shipping consultancy Veson Nautical. Japan has the world’s […]
Truck rentals remained flat in March 2024: Shriram Mobility Bulletin
In a positive sign for the trucking sector, freight rates on trunk routes remained flat in March 2024, with the majority of the routes seeing no increase at all except for the Guwahati-Mumbai round trip. This route saw a 1.1 per cent increase in rates, said Shriram Mobility Bulletin, a monthly logistics research report by […]
24,000 Nm torque, 300 kWh battery: Tresa Motors unveils V0.2 electric truck
Tresa Motors, an Indian manufacturer of electric trucks, unveiled its V0.2 electric truck. The 18-ton truck is a successor to the company’s previous model, V0.1. Tresa Motors designed the V0.2 with Indian road conditions in mind. The company says the truck is a durable and reliable solution for eco-friendly logistics, particularly e-commerce. The V0.2 has […]
MNRE extends deadline for R&D proposals under green hydrogen mission
The New & Renewable Energy Ministry has extended the deadline until April 27 for the submission of research and development proposals under the National Green Hydrogen Mission, a release said on Tuesday. The ministry on March 16, 2024, invited R&D proposals under the mission from the industry. The last date for submission was April 12. […]
Ukraine struck nuclear plant again, claims Russia; Kyiv denies attack
Russia said on Tuesday that Ukraine attacked the Russian-controlled Zaporizhzhia nuclear plant for a third day with a drone but Ukrainian officials denied that Kyiv had anything to do with the attacks. Ukraine has denied it is behind a series of drone attacks on the plant over the past three days, including three on Sunday, […]
Ukraine strikes nuclear plant again , says Russia; Kyiv denies the attack
Russia said on Tuesday that Ukraine attacked the Russian-controlled Zaporizhzhia nuclear plant for a third day with a drone but Ukrainian military intelligence denied that Kyiv had anything to do with the attacks. Ukraine has denied it is behind a series of drone attacks on the plant over the past three days, including three drone […]
AI-operated fighter jet to fly US Air Force secy in test of drone warplanes
The Air Force is betting a large part of its future air warfare on a fleet more than 1,000 autonomously operated drones, and later this spring its top civilian leader plans to climb into one of those artificial intelligence-operated warplanes and let it take him airborne. Air Force Secretary Frank Kendall told senators on Tuesday […]
AIESL union threatens strike on April 23 over salary , promotion issues
The employee union at AI Engineering Services Limited (AIESL), India’s largest aircraft Maintenance, Repair, and Operations (MRO) company, issued a strike threat on April 23. Their concerns are primarily around the lack of promotions, low wages, and stringent conditions in the new service agreement. This signals a recurrence of discontent among AIESL employees, reminiscent of […]
Air India’s aircraft technicians planning strike amid mounting woes
Trouble for Air India Ltd. is mounting with aircraft technicians planning a strike later this month after its pilots voiced concerns last week about being overworked and underpaid. Technicians at AI Engineering Services Ltd. — a state-run maintenance, repair and overhaul firm and an erstwhile Air India unit — will strike on April 23 due […]
Road ministry capex utilisation in FY24 closes at record high 99.93%
The Ministry of Road, Transport, and Highways (MoRTH) has reported the highest-ever capital expenditure (capex) utilisation of 99.93 per cent during the financial year 2023-24, government sources said on Tuesday. As against the budgetary outlay of Rs 2.645 trillion in FY24, the road ministry has spent Rs 2.643 trillion. By including private investments, the capex […]
Electric vehicle retail sales grow across segments in FY24, says Fada
Electric vehicle retail sales in India increased last fiscal with all the segments, including passenger vehicles and two-wheelers, witnessing enhanced registrations, according to automotive dealers’ body FADA. The overall sales of electric passenger vehicles rose to 90,996 units in 2023-24 as compared to 47,551 units in FY23, registering an increase of 91 per cent. Tata […]