Support provided by the government to promote electric and zero emission vehicles through schemes such as FAME II, need to be continued till penetration of such automobiles crosses a particular threshold with a good level of localisation, according to Tata Motors Executive Director Girish Wagh. There is also a case to consider the extension of […]
Category: Power
Power
AEL’s strongest growth is ahead of us, says Gautam Adani on FPO
Adani group Chairman Gautam Adani on Friday said the Adani Enterprises’ (AEL) follow-on public offer (FPO) comes at a time when the firm’s ‘strongest growth’ in existing and new businesses is still ahead, and the FPO is targeted to create wealth for the retail shareholders. In a video message, Adani said India is on its […]
Adani Group plans to demerge more business; dismisses debt concerns
India’s Adani Group, controlled by billionaire Gautam Adani, plans to spin off more businesses by 2028 and dismisses any debt concerns, the group’s chief financial officer told Reuters. The corporate house plans to spin off, or demerge, its metals, mining, data centre, airports, roads and logistics businesses, said Jugeshinder Singh. “The criteria is for these […]
Bajaj Auto’s electric Chetak to roll out in Europe by early 2024
Iconic scooter brand Chetak, which has been resurrected by Bajaj Auto in its electric avatar, will be sold in Europe by early 2024 by Pierer Mobility (the parent company of KTM). Speaking on the sidelines of the one millionth KTM bike roll out from Bajaj Auto’s Chakan plant, Stefan Pierer, chief executive officer (CEO), Pierer […]
Britishvolt: More evidence UK is losing race to capture growing EV market
PRI ESPL INT .BIRMINGHAM FES14 UK-EV-MARKET Britishvolt: more evidence UK is falling far behind in race to capture growing EV market By Phil Tomlinson, University of Bath, David Bailey,University of Birmingham Birmingham, Jan 20 (The Conversation) Britishvolt, the would-be electric vehicle (EV) battery maker that recently went into administration, always faced an uphill struggle. The […]
Gautam Adani’s discount share sale tries to woo public, silence critics
Indian tycoon Gautam Adani, who added $40 billion to his wealth last year after a blistering stock rally, wants validation from the investing public and critics who question the forces pushing up his companies’ share prices. To woo mom-and-pop investors to buy into his ports-to-power empire’s flagship, Adani Enterprises Ltd. will sell new shares at […]
IAEA says Fukushima water release into sea to follow safety standards
The head of a UN nuclear agency task force assessing the safety of Japan’s plan to release treated radioactive water from the wreaked Fukushima nuclear plant into the sea said on Friday that Japanese regulators have shown their commitment to comply with international safety standards. International concern over the plan has been widening. Last week, […]
Himachal Pradesh targets to be first ‘green energy state’ by 2025: CM Sukhu
The Himachal Pradesh government intends to make the state as the first Green Energy State by the end of 2025 by harnessing hydro, hydrogen and solar energy and switching to green products, Chief Minister Sukhvinder Singh Sukhu said on Friday. Presiding over a meeting of senior officers of the energy department and HPSEBL, he directed […]
JSW Energy Q3 net dips 45% to Rs 180 cr, revenue surges 18% to Rs 2,350 cr
JSW Energy on Friday reported a 45 per cent decline in its consolidated net profit to Rs 180 crore for the December 2022 quarter. “(consolidated) Profit After Tax (PAT or net profit) stood at Rs 180 crore (in the quarter ended on December 31, 2022), which is lower YoY (year-on-year) compared to a PAT of […]
Videocon Group founder Venugopal Dhoot gets interim bail from Bombay HC
The Bombay High Court on Friday granted interim bail to arrested Videocon group founder and chairman, Venugopal Dhoot. Dhoot approached the high court after co-accused Chanda Kochhar, former managing director and chief executive officer of the ICICI bank, and her husband were granted bail. A division bench comprising justices Revati Mohite Dere and Prithviraj Chavan […]
Maharashtra govt approves M&M proposal to set up Rs 10k-cr EV plant in Pune
Mahindra & Mahindra (M&M) on Thursday said the Maharashtra government has approved its proposal to set up a Rs 10,000-crore electric vehicle plant in Pune under the state’s industrial promotion scheme for EVs. The two sides signed an agreement to this effect at the World Economic Forum in Davos on Wednesday, M&M Ltd said in […]
Shares of Adani Enterprises decline after FPO pricing, down over 4%
Shares of Adani Enterprises (AEL) fell as much as 4.7 per cent on Thursday after the company set the price band for its follow-on public offering (FPO) between 9 per cent and 13 per cent lower. The stock recovered slightly to finish at Rs 3,462, down 3.7 per cent over its previous day’s close. AEL […]