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GM to invest more than $1 billion in two Flint, Michigan, plants – EQ Mag

General Motors plans to invest more than USD 1 billion in two Flint, Michigan manufacturing plants for the production of the next-generation internal combustion engine heavy-duty trucks. Gerald Johnson, executive vice president, Global Manufacturing and Sustainability, said Monday that the company will build internal combustion vehicles throughout this decade, in addition to making electric vehicles. […]

Adani Group posts 36 per cent jump in earnings at Rs 57,219 cr in 2022-23 – EQ Mag

‘Adani Portfolio companies operate in utility and infrastructure businesses with more than 83% of EBITDA being generated from core infrastructure businesses providing assured and consistent cash flow generation,’ says the conglomerate Gautam Adani-led Adani Group on Tuesday said it has delivered a “record-breaking performance” across its portfolio of companies in FY23 The ports-to-power conglomerate said […]

Torrent Power to invest Rs 27,000 cr to build Pumped Storage Hydro projects in Maharashtra – EQ Mag

The projects would entail an investment of about Rs 27,000 crore and would provide employment to nearly 13,500 people during the construction period Torrent Power Limited has signed a memorandum of understanding (MoU) with the Maharashtra government for the development of three pumped storage hydro projects of 5,700 MW capacity. In a regulatory filing, the […]

Nepal’s power association welcomes energy agreements signed during PM Prachanda’s India visit – EQ Mag

Kathmandu : An independent power association in Nepal on Sunday welcomed the signing of agreements in the energy sector with India during Prime Minister Pushpa Kamal Dahal ‘Prachanda’s’ visit, saying they are of “high significance” for the country’s economic prosperity. Nepal Prime Minister ‘Prachanda’ visited India from May 31 to June 3, his first official […]

Schneider Electric and ArcelorMittal Nippon Steel India collaborate on high-tech training for smart manufacturing – EQ Mag

A strategic cooperation between Schneider Electric and ArcelorMittal Nippon Steel India (AM/NS India) has been announced in order to provide cutting-edge training facilities and initiatives in smart manufacturing. The partnership seeks to provide young people with the knowledge and abilities necessary for the automation and manufacturing of the future. Schneider Electric will create a cutting-edge […]

Greaves Finance Ltd. launches “evfin” platform, revolutionizing electric vehicle financing – EQ Mag

India’s First Dedicated Consumer Finance Technology for Electric Mobility Offers Cost-effective and Seamless Ownership Journey Greaves Finance Ltd, a subsidiary of Greaves Cotton Ltd, has recently launched its financial platform called “evfin,” aimed at revolutionizing the world of electric vehicle (EV) financing and beyond. This move comes at a time when the Economic Survey 2023 […]

Zingbus and Sheru form strategic partnership to boost intercity e-mobility – EQ Mag

Under this strategic partnership, zingbus plans to add 2200 electric buses and 4000 electric cars to its fleet over the next five years GURUGRAM-HEADQUARTERED ZINGBUS, AN intercity bus service provider in India has partnered with Sheru, a battery management and energy storage solution. Under this strategic partnership, zingbus plans to add 2200 electric buses and […]