A man was killed and two others injured when the battery of an electric two-wheeler exploded in their house in Telangana’s Nizamabad district. According to police, the incident occurred on the night of April 19 in a house where the the battery was being charged. An 80-year-old man, identified as B. Ramaswamy, died in the […]
Category: Business Standard
Business Standard
NITI Aayog releases draft battery swapping policy, prioritizes major cities
Government think tank Niti Aayog on Thursday released a draft battery swapping policy under which all metropolitan cities with a population above 40 lakh will be prioritised for development of battery swapping network under the first phase. The Aayog in its draft policy further said all major cities such as state capitals, UT headquarters and […]
EVs, green hydrogen critical to achieve carbon neutrality by 2070: Official
Transportation is one of the areas where transition to electric vehicles and green hydrogen will be of critical importance for India to achieve carbon neutrality by 2070, a senior official said. During a brainstorming session organised by the Department of Science and Technology here on Thursday, leading experts discussed the need for research and development […]
Early EV adoption, lowering prices and enhancing safety on govt’s agenda
In the midst of frequent incidents of e-vehicles catching fire, the NITI Aayog on Thursday released the much-awaited draft policy on battery-swapping for electric two- and three-wheelers. Its highlights are lowering prices of electric vehicles (EVs); accelerating the adoption of battery-powered vehicles; addressing anomalies in goods and services tax (GST) rates with regard to batteries, […]
India adds 13.5 GW of renewable capacity in FY22, 12% higher than last yr
India added 13.5 GW of renewable energy capacity in 2021-22, which is 128 per cent higher than that in 2020-21, a statement said on Thursday. India added 10.21 GW of utility scale solar capacity, 1.11 GW of wind power and 2.22 GW of rooftop solar capacity in FY 2021-22, consultancy BRIDGE TO INDIA said in […]
Wall Street rises on strong earnings from Tesla, airlines; Dow up 250 pts
U.S. stocks rose on Thursday as a slew of upbeat earnings from companies including Tesla outweighed concerns about aggressive interest rates hikes that have kept bond yields elevated. The world’s most valuable automaker jumped 9% after its results beat Wall Street expectations as higher prices helped it overcome supply-chain chaos and rising costs. United Airlines […]
Airports sector set to see Rs 1.65 trn capex in coming years: Scindia
The country’s airport sector is expected to see investments worth Rs 1.65 lakh crore, including from private players, in the coming years, and the government also aims to have 200 airports, Civil Aviation Minister Jyotiraditya Scindia said on Thursday. The civil aviation sector, which was significantly hit by the coronavirus pandemic, is on the recovery […]
Elon Musk’s Boring Company raises $675 million to scale Loop projects
Tech billionaire Elon Musk’s Boring Company has raised $675 million in the Series C round, bringing its valuation up to $5.7 billion. Boring Company is Musk’s project to build underground highways to alleviate traffic congestion. The round was led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft […]
Pakistan passes orders to scrap China-Pak Economic Corridor Authority
Pakistan’s new government has initiated a process to abolish the China-Pakistan Economic Corridor Authority, with the planning minister saying it was a “redundant organisation” that wasted resources and thwarted speedy implementation of the ambitious regional connectivity programme. Planning Minister Ahsan Iqbal passed orders to the concerned officials to begin the process of abolition of the […]
Jindal Steel & Power Ltd Slides 3%, S&P BSE Metal index Shed 1.09%
Jindal Steel & Power Ltd has added 9.56% over last one month compared to 1.39% gain in S&P BSE Metal index and 0.98% drop in the SENSEX Jindal Steel & Power Ltd fell 3% today to trade at Rs 540. The S&P BSE Metal index is down 1.09% to quote at 22556.38. The index is […]
Oil prices settle mixed amidst Russia supply, demand concerns
(Reuters) – Oil settled nearly unchanged on Wednesday as broader concerns about economic growth and oil demand stagnation weighed against tightening supplies. Brent crude futures fell 45 cents, or 0.4 %, to settle at $106.80 a barrel.
Oil climbs higher but takes a breather in tight range; Brent rises 55 cents
(Reuters) – Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts. Brent crude futures rose 55 cents, or 0.5%, to $107.35 a barrel at 0117 […]