Representatives from more than 70 companies met with U.S. lawmakers on Wednesday to push for a tax on carbon emissions to fight climate change, and a senator said bipartisan legislation containing such a plan could be introduced in weeks. The gathering, which included PepsiCo, Johnson & Johnson, Tesla and General Mills, was the largest business […]
Japan’s ORIX Corp offers to match GAIL’s bid for IL&FS Wind Energy
ORIX owns 49 per cent stake in IL&FS’ wind portfolio, and GAIL has emerged the highest bidder for the remaining 51 per cent stake in these assets GAIL’s ambition to expand its renewable portfolio through Il&FS’ wind portfolio faces a new hurdle. ORIX Corporation of Japan (ORIX) has now expressed its intent to exercise its […]
Panasonic India eyes Rs 700 cr revenue from energy business by 2021
The company has divided its energy space business into two segments — energy storage and mobility solutions Diversified technology firm Panasonic India is betting big on its energy-related business and expecting to clock around Rs 700 crore in revenue by 2021 from this vertical, said a top company official. The company has divided its energy […]
Nissan bags patent related to wireless charging technology for EVs
When the vehicle is parked at a specific parking position, the power feeding coil will be positioned below the power receiving coil under the vehicle, without both getting into direct contact Japanese auto major Nissan Motor Company has received an Indian patent for its wireless charging technology for electric vehicle, which could help the vehicle […]
M&M stops producing India’s first electric car model amid flagging sales
Mahesh Babu, chief executive at Mahindra Electric, confirmed that the company had stopped the production of the model for the domestic market Mahindra Electric Mobility, the electric vehicle arm of Mahindra & Mahindra (M&M), has discontinued the production of the e2oPlus, the four-door hatchback based on the Reva platform, for the domestic market amid flagging […]
Brookfield eyes majority stake in Mytrah Energy in deal valued at $1.5 bn
Mytrah has a portfolio of 1.6 Gw in renewable energy assets across India, seeks investor to repay Rs 1,800 cr loan taken from Piramal Group in Sept 2017 to buy out its PE investors Canada’s Brookfield Asset Management, which owns renewable assets worth over $47 billion globally, is looking to acquire a majority stake in […]
Ministries, PSUs, power firms gear up to charge India’s electric vehicles
Significant investment is being mobilised by public and private sectors to manufacture and install electric vehicle supply equipment (EVSE) infrastructure across India At least half-a-dozen public sector firms, the railways and various ministries are in the process of creating infrastructure and manufacturing components for electric vehicles (EVs). By one estimate, the size of the EV […]
It should be a better summer for us this year: Havells CMD Anil Rai Gupta
The growing rural market and the Lloyds portfolio are its key focus areas, says Havells chairman and managing director Anil Rai Gupta in an interview Through a vast range of products, Havells India has established itself as a leading fast moving electrical goods company. The growing rural market and its Lloyds portfolio are its key focus areas, its chairman […]
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China’s $18 billion electric-car market at risk. Will the bubble burst?
There are now 486 EV manufacturers registered in China, more than triple the number from two years ago An iPhone assembler, e-commerce emporium and real-estate developer typically don’t compete in the same business — except when it comes to electric vehicles in China. That’s because of a seismic shift toward EVs, which has spurred billions […]
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 […]