MUMBAI: Tata Group-owned Air India has offered to re-hire pilots post their retirement for a five-year period as the airline looks for stability in operations amid talk of acquiring 300 single-aisle planes, according to internal communication. Air India is considering re-hiring these pilots as commanders, it said. This comes even as the full-service carrier rolled […]
Category: The Times of India
Times of India
Greaves Electric Mobility allots nearly 36% stake to investor Abdul Latif Jameel for its Rs 1,171 crore capital infusion
CHENNAI: Greaves Cotton subsidiary Greaves Electric Mobility has announced the completion of allotment of 68,35,450 equity shares of face value Rs 10 each representing 35.80% shareholding on a fully diluted basis, to global investor Abdul Latif Jameel, by way of preferential allotment through private placement basis. This follows the announcement earlier this month about capital […]
Homegrown EV charging network provider Statiq raises $26 million
Homegrown electric vehicle (EV) charging network provider Statiq on Thursday said it has received $25.7 million in a Series A funding led by Shell Ventures. The company will use the funds to invest in product engineering and network infrastructure as well as reinforcing the core team. “Securing the first closing of our Series A ensures […]
Ellysium Automotives launches two-wheeler electric brand EVeium
UAE-based META4 Group’s auto arm Ellysium Automotives announced the launch of its electric two-wheeler brand EVeium. The company said it is planning to launch three ‘Made-in-India’ e-scooters within one month, which will be manufactured at the group’s proposed Voltly Energy manufacturing facility in Zahirabad (Telangana) at a planned investment of Rs 250 crore. Voltly Energy […]
EVTRIC Motors launches e-bike priced at Rs 1.60 lakh
Mumbai, EV maker EVTRIC Motors said it has rolled out its first motorcycle priced at Rs 1.60 lakh (ex-showroom). It also announced commencement of bookings for the e-bike — EVTRIC Rise — with an initial payment of Rs 5,000 from June 22. The motorcycle, launched during the company’s dealers’ meeting in Rajasthan recently, has a […]
Citroen’s mini EV limited edition sells out in just 18 minutes
A limited edition of 50 Citroen mini electric cars sold out in less than 18 minutes, parent company Stellantis said, prompting the French brand to post a cheeky message to electric car pioneer Elon Musk. “Sorry Elon, the only way to get one is to buy us”, Citroen wrote on a billboard at Paris’ Gare […]
Russian oil tankers get India safety cover via Dubai company
NEW DELHI/LONDON: India is providing safety certification for dozens of ships managed by a subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow. Certification by the Indian Register of Shipping (IRClass), one of the world’s […]
Hardeep Puri eyes solar stove to cook LPG goose, but price remains issue
NEW DELHI: Amid rising LPG prices, oil minister Hardeep Singh Puri on Wednesday unveiled a solar-electric indoor cooking stove developed by state-run IndianOil, a device that has the potential to reduce household fuel bill and the government’s subsidy outgo but the initial price may be a dampener. Named ‘Surya Nutan’ — which takes off from […]
GAIL to enter gas liquefaction for retail sales
NEW DELHI: GAIL (India) Ltd plans to liquefy natural gas for easy transportation and sale in areas that are not connected with the pipeline grid, helping the nation boost use of the cleaner fuel. Prime Minister Narendra Modi wants to raise the share of cleaner fuel in the country’s energy mix to 15% by 2030 […]
Oil falls more than 2% as investors weigh recession risk
TOKYO/SINGAPORE: Oil prices continued to pull back on Thursday, dropping more than 2% as investors recalibrated assessments of recession risks and fuel demand amid interest rate hikes in major economies. U.S. West Texas Intermediate (WTI) crude futures had skidded $2.6, or 2.7%, to $103.46 a barrel by 0330 GMT. Brent crude futures slid $2.5, or […]
China, India may be buying more Russia oil than known, US says
WASHINGTON: China and India may be buying more Russian oil than the US previously believed, easing a supply crunch in global markets and potentially driving a recent price decline, one of President Joe Biden’s economic advisers said. The price of West Texas Intermediate crude has fallen to just over $105 from more than $122 earlier […]
Electric vehicle sales could reach 33% globally by 2028, claims firm
Electric vehicle sales could reach 33% globally by 2028 and 54% by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday. EVs accounted for less than 8% of global sales last year, and just under 10% in the first quarter of 2022. To support that demand, automakers and suppliers now expect […]