General Motors said on Tuesday it would install up to 40,000 electric-vehicle charging stations in the United States and Canada, as part of the automaker’s $750 million commitments to bolster its presence in the rapidly growing sector. The announcement comes just months after the No. 1 U.S. automaker said it had signed agreements with some […]
Category: The Economic Times
Economictimes
Tesla touches trillion-dollar mark as Electric Vehicles go mainstream
Tesla Inc. joined an elite group of companies with market values of at least $1 trillion on Monday, a key milestone for the Elon Musk-led carmaker whose shares have been on a tear amid a global shift to electric vehicles. The maker of the Model 3 sedan – the top-selling electric car worldwide – is […]
London Electric Vehicle Company gears up to launch TX model in India
Commercial electric vehicle manufacturer London Electric Vehicle Company (LEVC) is geared up to roll out electric TX vehicle in the Indian market in collaboration with Exclusive Motors, a release said on Monday. The partnership with Exclusive Motors Pvt Ltd extends to the Indian Subcontinent, it said. The world’s most advanced premium shuttle prepares to launch […]
Kazam joins hands with BSES to install EV charging stations in Delhi
Charging station startup Kazam on Monday said it has joined hands with BSES to set up EV charging station network in Delhi. The association with BSES is in line with the company’s commitment to providing smart and affordable charging solutions to help India overcome its charging infrastructure challenges, the company said in a statement. Kazam’s […]
India-Sweden cooperation will help achieve fossil fuel free economy goal: Jitendra Singh
India-Sweden cooperation in the energy sector will go a long way in achieving the goal of fossil fuel free economy, Union Minister Jitendra Singh said on Tuesday and underlined that India is looking for technology solutions for clean energy. Delivering the inaugural address at the 8th India-Sweden Innovation Day meet on the theme ‘Accelerating India […]
Triveni Turbine net up 7-fold to Rs 173 crore in July-September
Triveni Turbine NSE 12.37 % on Tuesday posted a sevenfold jump in its consolidated net profit to Rs 173.76 crore in the July-September quarter compared to the year-ago period mainly on the back of higher revenues. The net profit of the company was Rs 24.31 crore in the quarter ended on September 30, 2020, a […]
Adani group exploring investment in Sri Lanka’s renewable energy sector: Official
The Adani group, which recently sealed a deal with Sri Lanka to develop and run the strategic Colombo Port’s Western Container Terminal, is also exploring the possibility of investing in the island nation’s energy and wind sector, a senior official from the state-owned Ceylon Electricity Board (CEB) said on Tuesday. The comments came a day […]
Solar tariff to go up by 20 to 25 paise/unit in forthcoming bids: Icra
Solar energy tariff is likely to go up by 20-25 paise per unit in upcoming bids for projects as compared with rates seen over the past six months, according to an ICRA NSE -2.55 % report on renewable energy. This assumes significance in view of India’s ambitious target to achieve 450 GW of renewable energy […]
Pralhad Joshi reviews coal output; stresses on continuing momentum to dispatch maximum fuel to power plants
Coal Minister Pralhad Joshi on Tuesday reviewed coal production and stressed on continuing the momentum to dispatch maximum dry-fuel to thermal power plants. The development assumes significance in the wake of Coal India, which accounts for more than 80 per cent of domestic coal output, has been prioritising fuel supply temporarily to the power sector […]
PGCIL transmission links connecting western-southern regions under commercial operation
State-run Power Grid Corporation of India NSE -0.34 % (PGCIL) on Tuesday said the high voltage direct current (HVDC) power transmission links connecting three states of Chhattisgarh, Tamil Nadu and Kerala have started commercial operation. The transmission links connect Raigarh in Chhattisgarh; Pugalur, Tamil Nadu and North Trichur, (Kerala), the company said in a BSE […]
Govt notifies framework for traffic management of drones in lower airspace
The Civil Aviation Ministry has notified a traffic management framework for drones under which public and private third-party service providers will manage their movement in the airspace under 1,000 feet. Current air traffic management (ATM) systems have not been designed to handle the traffic from unmanned aircraft, the framework issued on October 24 stated. “Integration […]
Aviation Minister Scindia flags off first direct flight on Shillong-Dibrugarh route under UDAN
Union Minister of Civil Aviation, Jyotiraditya M. Scindia virtually flagged off the first direct flight on the Shillong – Dibrugarh route under the Regional Connectivity Scheme – UdeDeshKaAamNaagrik (RCS-UDAN) scheme. “Shillong is one of the highest & wettest places in the world. The place is important not only for the country but for the entire […]