India, already a signatory to the Montreal Protocol on reducing use of Hydro Fluoro Carbons (HFCs) and other coolants used in refrigeration and air conditioning, feels there is no requirement for yet another framework on the same. Similarly, the Coalition for High Ambition Multilevel Partnership (CHAMP) proposed for COP 28 has not enthused India much.
"We have raised under USD 2 million over a period of time, and we are looking to raise USD 5 million now because our primary interest is to invest in technology and people.
An India-EU Memorandum of Understanding (MoU) on semiconductors was signed on Friday, ahead of the Trade and Technology Council meeting in New Delhi.
"The file pertaining to the the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023 has been approved. The policy is likely to be notified soon," said an official.
Logistics company XpressBees has joined the Open Network for Digital Commerce (ONDC), allowing it to offer pan-India delivery services to over 2,800 cities and 20,000 pincodes. Through this collaboration, XpressBees aims to optimize its operations and become a key player in the e-commerce industry. This move is expected to catalyze e-commerce growth, strengthen ONDC's logistics network, and contribute to the digital economy, according to T Koshy, MD & CEO of ONDC.
“India is the place to be. The economy is firming up and showing solid transformation through growth. The second big trend that we can see is the relocation of manufacturing into India, which then actually serves the world. This requires additional warehousing and transportation capabilities,” Olivier Storch, deputy CEO, CEVA Logistics, told ET in an exclusive interaction.
Once approved, these changes in mining rules will allow companies to both explore a block and bid for it. "This will prompt large players to undertake exploration activity which so far has seen muted interest," said one of the officials, who did not wish to be identified.
"At Volvo, we have set target that by 2030, 50 per cent of our vehicles will be non-fossil fuel-based. They will be non-polluting. Balance 50 per cent will become non-zero emission by 2040," Volvo Group President and Managing Director in India Kamal Bali said.
ET first reported on April 25 that Kotak Mahindra Capital had been appointed to find buyers for the solar portfolio. "The prospective buyers are currently conducting due diligence on the solar assets and final bids are expected soon. These are good quality assets and have generated strong investor interest," said one person aware of the development.
Senior government officials in the know told ET that Tesla has sought provisional tariff concessions as a prerequisite for setting up a manufacturing facility in India, but New Delhi is not in favour of any company-specific exemptions.
With the Freight Tiger acquisition, Tata Motors will get a toehold in a fast expanding digital end of the trucking business at a rather modest investment. Besides Tata Motors, the existing investors of Freight Tiger include the venture capital arm of Eastern Pacific Shipping and Lightspeed India Partners.
The maiden public issue will open for subscription on November 21 and conclude on November 23 and the anchor book of the offer will be opened for a day on November 20, according to a public announcement.
Bharat Petroleum Corporation Limited (BPCL) is set to embark on an extensive expansion of its fuel retail network, aiming to add 14,273 new pumps. This substantial increase, representing nearly two-thirds growth, is part of BPCL's strategic efforts to bolster its presence in the rapidly expanding domestic fuel market.
The Indian government is working on an electric vehicle policy that would allow international car manufacturers to import battery-powered vehicles on concessional duty rates if they commit to eventually building them in India, people familiar with the matter told Bloomberg.
Former Reserve Bank of India governor, Raghuram Rajan, has stated that India's economy needs to expand at a rate of over 8% in order to create enough jobs for the country's growing population. Although India's economic growth has outpaced other major economies, it is still not creating enough jobs to meet the needs of its workforce. The country's overall unemployment rate has reached its highest level in over two years, and it is estimated that India will need to create 70 million new jobs over the next decade.
The rupee hit its record low of 83.42 during the session after breaching its previous alltime low of 83.2950 which was hit on Nov. 1.
Launching high speed scooters and a new passenger carrying three-wheelers, expanding dealer network are what electric two- and three-wheeler maker Lohia Auto Industries Ltd is planning, said a top company official.
The Prime Minister's Office Monday held a meeting with top officials to take stock of the next phase of electric vehicle (EV) manufacturing in the country, including Tesla's investment proposal, people with knowledge of the matter told ET.
Battery swapping company Gogoro has partnered with HPCL (Hindustan Petroleum Corporation Ltd) to build battery swapping stations for electric two-wheelers across India. The Nasdaq listed company plans to roll out these stations at HPCL's 21,000 retail outlets, contributing to India's growing electric transportation infrastructure.
Maruti Suzuki India aims to enhance production flexibility to align with market demand trends. The company plans to prioritize the production of high-selling utility vehicles while reducing the output of entry-level cars. This strategy is intended to address shifts in customer preferences and improve operational efficiency.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Samir Hifri | Unlock to View | Unlock to View | Director | 22 Jan,2016 |
| Avinash Manmohan Bagdi | Unlock to View | Unlock to View | Director | 16 Jul,2015 |
| Ajay Durrani | Unlock to View | Unlock to View | Managing director | 01 Sep,2012 |
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