This will drastically reduce the ‘well to wheel’ emissions in the future Japanese auto major Honda will use hybrid vehicles as intermediates in the next two years in India before going for full electric vehicles (EVs) as it expects setting up of supporting infrastructure such as charging stations to take time, according to a senior […]
Greenlight Planet raises USD 2.36 million
Greenlight Planet Tuesday said it has raised USD 2.36 million (about Rs 16.5 crore) for its off-grid solar projects in the country, through support of Trine, a Swedish investment company that enables individuals to invest sustainably. For the first time Greenlight Planet has sourced debt financing from individuals by connecting with 1,822 investors to fully […]
Mercedes want to abandon combustion engines by 2039
German giant Mercedes-Benz said Monday it wants to stop selling traditional combustion engine cars by 2039 and plans for its new vehicles sold worldwide by that time to be carbon-neutral. “We aim to have a carbon-neutral new passenger car fleet in 20 years,” said Ola Kallenius, current head of Mercedes research, who is to succeed […]
Embassy Office Parks REIT raises Rs 3,000 cr via debentures
Embassy Office Parks REIT, India’s first listed real estate investment trust, has raised Rs 3,000 crore through private placement of debentures mainly to repay debt. Embassy Office Parks, a joint venture between global investment firm Blackstone and realty firm Embassy Group, is a leading developer of commercial real estate. It launched the country’s first real […]
Polycab India IPO fully subscribed
Receives bids for 3.41 crore shares The initial public offer (IPO) of Polycab India received bids for 3.41 crore shares today, 6 April 2019, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 1.94 times. The issue opened for subscription on 5 April 2019 and closes […]
GE appoints Prashant Jain to lead GE Steam Power in South Asia
GE on Friday announced appointment of Prashant Jain to lead the global conglomerate’s steam power business in South Asia. Prashant will officially assume the role of Regional General Manager GE Steam Power South Asia and Managing Director GE Power India on April 17, 2019, a company statement said. He joins GE from Siemens where he […]
India likely to invest in Bolivia lithium industry
India has expressed interest in investing in the lithium industry of Bolivia, home to vast untapped mines of the mineral that is used in rechargeable batteries for portable electronics and electric vehicles. Indian President Ram Nath Kovind and his Bolivian counterpart Evo Morales held wide ranging talks on ties in sectors like space, mining, information […]
India likely to invest in Bolivia lithium industry
India has expressed interest in investing in the lithium industry of Bolivia, home to vast untapped mines of the mineral that is used in rechargeable batteries for portable electronics and electric vehicles. Indian President Ram Nath Kovind and his Bolivian counterpart Evo Morales held wide ranging talks on ties in sectors like space, mining, information […]
Green Certificates sales down 22 pc in 2018-19
Sales of renewable energy certificates declined over 22 per cent to 1.25 crore units this fiscal on IEX and PXIL as compered to 1.61 crore in 2017-18, mainly due to lower inventory (supply), according to official data. In March, sales of RECs or green certificates declined by over 51 per cent to 11.78 lakh from […]
ADB to invest USD 50 mn in solar project developer Avaada
Asian Development Bank (ADB) Tuesday said it has inked an agreement to invest USD 50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will come equally from ADB’s Ordinary Capital Resources and Leading Asia’s Private Infrastructure Fund (LEAP). LEAP is a funding arrangement provided […]