The Ministry of Heavy Industries announced on Tuesday that it has received bids from seven players for the re-bidding tender of the 10 gigawatt-hour (Gwh) tranche of the Advanced Chemistry Cell (ACC) manufacturing production-linked incentive (PLI). “The list of bidders (in alphabetical order) who have submitted bids in response to this tender are ACME Cleantech […]
Day: April 24, 2024
Aionos to bridge silos within aviation, hospitality using AI: Rahul Bhatia
Industries such as aviation and hospitality have many silos within them and Aionos, the joint venture between Interglobe Enterprises (IGE) and Assago Group, is an attempt to bridge them and boost efficiencies using artificial intelligence (AI) solutions, Rahul Bhatia told Business Standard on Tuesday. Bhatia, the Group Managing Director of IGE, serves as the majority […]
Boeing, Spirit agree on $425 mn deal to address supplier’s issues
Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the US aviation regulator capped the planemaker’s 737 MAX production. The agreement announced by Spirit on Tuesday comes amid talks between the two for Boeing to buy the fuselage […]
Around 15 flights diverted from Delhi due to adverse weather conditions
As many as 15 flights have been diverted from Delhi due to the adverse weather conditions in the national capital, Airport sources said. According to the sources, nine flights were diverted to Jaipur, two to Amritsar, two to Lucknow, one to Mumbai, and one to Chandigarh. Meanwhile, the national capital experienced a sudden change in […]
Delhi airport sees 15 flight diversions due to bad weather in NCR
As many as 15 flights were diverted at the Delhi airport on Tuesday evening due to bad weather in the national capital. Many flights were also delayed. Out of these flights, an airport official said, nine were diverted to Jaipur, two each to Amritsar and Lucknow, one each to Mumbai and Chandigarh. A senior government […]
Railways offers meals at affordable price for general class passengers
Train passengers travelling in unreserved compartments are now getting hygienic meals and snacks at affordable prices at stations under a new initiative by the Railways, an official said. These meal counters are operational at over 100 stations and nearly 150 counters across Indian Railways, and the facility will be expanded further. “Indian Railways along with […]
Reliance wins govt approval for investment to raise KG-D6 block’s output
Reliance Industries Ltd has got government approval for making additional investments in developing gas reserves in its KG-D6 block in the Bay of Bengal that can add 4 to 5 million standard cubic meters per day to the production, a company official said. Reliance and its partner bp Plc currently produce around 30 mmscmd or […]
No decision yet on ADNOC LNG project tie-up after Nikkei report: Mitsui
Japan’s Mitsui & Co said on Tuesday nothing has been decided on a liquefied natural gas (LNG) project in the United Arab Emirates, after the Nikkei reported it was teaming up with Abu Dhabi National Oil Company (ADNOC) on it. The Nikkei reported ADNOC would have a stake of around 60% and Mitsui 10% of […]
Expect capex for EV components to cross Rs 25K cr in next 3-4 years: Icra
The auto component industry is expected to invest over Rs 25,000 crore in the next 3-4 years to expand production of electric vehicle parts, rating agency Icra said on Tuesday. EV penetration in the country has reached 4.7 per cent in FY2024, with much of it driven by the electric two-wheeler segment, although e-three-wheelers and […]
RIL, JSW Neo, Amara Raja among 7 bidders for gigawatt battery production
The Ministry of Heavy Electricals (MHI) announced on Tuesday that seven bids had been received under a global tender for the rebidding of Production Linked Incentives (PLI) aimed at supporting the manufacturing of Electric Vehicle (EV) batteries, specifically 10 GigaWatt hours (GWh) Advanced Chemistry Cells (ACC). The bidders, comprising ACME Cleantech Solutions Private Limited, Amara […]
Amara Raja jumps 37% so far in April, nears record high on healthy outlook
Shares of Amara Raja Energy (ARE&M) hit a multi-year high of Rs 1,111 apiece, as they rallied 7 per cent on the Bombay Stock Exchange (BSE) amid heavy volumes on a healthy outlook. The stock is trading close to its record high level of Rs 1,128 touched on August 25, 2015. Thus far in the […]
Tata Power Solar Systems, Indian Bank partner to boost residential rooftops
Tata Power Solar Systems on Tuesday announced its partnership with state-owned Indian Bank to promote the adoption of solar rooftop among residential consumers. The collaboration aims to facilitate financing solutions under the popular Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme for installations up to 3 KW, as well as extend support for installations ranging […]