Switzerland: India hasn’t made up its mind on cutting import taxes on electric vehicles (EVs) under a new policy proposed for carmakers that commit to local manufacturing and that could ease Tesla’s entry into the market, a top government official said. India’s domestic automakers are concerned about the possibility of Tesla entering the market and […]
Category: Power
Power
Man climbs high voltage tower in Kerala demanding house; comes down after 6 hours
Kottayam (Kerala): A village in Kerala’s Kottayam on Thursday morning witnessed hours-long dramatic scenes when a man climbed up a high voltage tower demanding a house for his family as well as seeking to meet Kerala Chief Minister Pinarayi Vijayan and actor-politician Suresh Gopi. According to the local residents, the man climbed the tower at […]
Adani Group pledges Rs 12,400 cr investment in Congress-ruled Telangana
Hyderabad: While Congress leader Rahul Gandhi leaves no opportunity to criticise the Adani Group, it’s business as usual in Congress-ruled Telangana. On Wednesday, the Adani Group of companies signed four memorandums of understanding (MoU) for investments of over Rs 12,400 crore in Telangana at the World Economic Forum annual meeting in Davos. These were signed […]
India trade department backs lower tax on hybrid cars in green push: Report
India’s trade department has backed lowering taxes on hybrid vehicles to help the transition to cleaner energy sources, following demands by Japanese car makers, five government and industry sources told Reuters. The move could irk some local carmakers. India’s combined sales and additional taxes on hybrid vehicles sales are as high as 4 per cent, […]
First Solar’s new plant bets big on the potential of the Indian market
Chennai: American solar technology company, First Solar is all set to inaugurate its first India plant at Sriperumbudur, near Chennai, on January 11. DH’s E T B Sivapriyan spoke to the company’s CEO, Mark Widmar, on the Indian market, the technology used by the company, and its China strategy. Edited excerpts: After a decade in […]
Adani Group to invest Rs 2 lakh crore in Gujarat in next 5 years: Gautam Adani
Gandhinagar: Richest Asian Gautam Adani on Wednesday announced a Rs 2 lakh crore investment in Gujarat over the next five years, largely in setting up the world’s largest clean energy project that will be visible even from space. The apples-to-airport conglomerate is building three giga factories for manufacturing solar modules, wind turbines and hydrogen electrolyzers. […]
Action on energy demand can save global economy $2 trillion a year: WEF
New Delhi: A set of business actions aimed at reducing the intensity of energy demand can unlock annual savings of at least $2 trillion a year for the global economy if measures are taken by the end of this decade, a new World Economic Forum (WEF) study showed on Monday. These targeted practical actions can […]
Delhi HC keeps order directing CBI, DRI to look into over-invoicing by Adani group ‘in abeyance’
New Delhi: The Delhi High Court has kept in abeyance its order asking the CBI and the Directorate of Revenue Intelligence (DRI) to “meticulously and expeditiously” look into allegations of over-invoicing of imports by the Adani Group. A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its January 5 order […]
Adani Group commits Rs 42,700 cr investment in Tamil Nadu
Chennai: Diversified conglomerate Adani Group has committed investments to the tune of Rs 42,700 crore in Tamil Nadu across various sectors on the second day of the Global Investors Meet 2024 held here on Monday. At the valedictory session of the event organised by the ruling DMK government, a memorandum of understandings between the Adani […]
Adani Green Energy secures redemption of $750 million bonds ahead of maturity
New Delhi: Adani Green Energy on Monday announced a plan to ensure redemption of its $750 million bonds eight months ahead of their maturity, in an effort to boost investor confidence in the company’s financial health. The Adani Group company had raised $750 million through issuance of NCDs (non-convertible debentures) which will mature in September […]
Envision Energy to supply 100 turbines for 300-MW wind project in Karnataka
New Delhi: Envision Energy on Monday said it will supply around 100 turbines of 3.3 MW for a 300-MW onshore wind project coming up in Karnataka. The project will be set up by investment fund Copenhagen Infrastructure Partners (CIP) for Viviid Renewables (Viviid) in the southern state under a partnership, Envision Energy said. “CIP has […]
Tesla to fix 1.62 million vehicles in China
Beijng: Tesla is doing an effective recall on 1.62 million vehicles, including its models S, X, 3 and Y in China, the market regulator said on Friday. The recalls in Tesla’s second largest market follow two recalls by the automaker in the United States in December. Tesla can remotely upgrade the vehicles to fix the […]