Kia Motors Corporation President and CEO Han-Woo Park said Kia Motors already has some products for hybrid, plug-in-hybrid, electric vehicle and fuel cell vehicles which are being sold globally South Korean auto major Kia Motors Corporation is considering a low-cost electric vehicle (EV) for India in collaboration with group firm Hyundai Motors and wants personal […]
Govt refuses to budge on electric vehicle deadline for 2- and 3-wheelers
The start-ups said unless India had size and scale in EVs, it would miss the worldwide e-mobility revolution The government has refused to relent on the deadlines it has given two- and three-wheelers for running on batteries. The deadline for three-wheelers is 2023, and that for two-wheelers having up to a 150-cc engine is 2025. […]
Two weeks after cabinet reshuffle, Sidhu yet to take charge of power ministry
Two weeks after he was divested of his key portfolios in a cabinet reshuffle, Punjab minister Navjot Singh Sidhu is yet to take charge of the power ministry, said official sources. Meanwhile, a few posters mocking Sidhu surfaced in Mohali Friday. It has been asked in the posters as to when he would “quit politics” […]
Srei Equipment gets USD 30 million from Netherland bank
Srei Equipment Finance Ltd on Thursday said it has received credit approval worth USD 30 million from FMO, a Netherlands-based development finance bank. “The loan will be fully dedicated to re-financing of green activities of Srei Equipment, primarily through the financing or leasing of equipment used for solar and wind projects,” the company said in […]
Jain Irrigations tanks 22% on rating downgrade, hits 14-year low
The rating agency said the downgrade reflects deterioration in the liquidity profile of JISL on account of a delay in the realisation of its receivables from its micro-irrigation systems (MIS) segment Shares of Jain Irrigation Systems (JISL) tanked 22 per cent to Rs 21.25 on the National Stock Exchange (NSE) on Wednesday after rating agency […]
Trump EPA rolls back Obama rule on coal-fired power plants
The Trump administration on Wednesday completed one of its biggest rollbacks of environmental rules, replacing a landmark Obama-era effort that sought to wean the nation’s electrical grid off coal-fired power plants and their climate-damaging pollution. Environmental Protection Agency chief Andrew Wheeler, a former coal industry lobbyist, signed a replacement rule that gives states leeway in […]
Moser Baer Solar fails to get new investors, to go under liquidation
Moser Baer Solar is a subsidiary of optical storage media maker Moser Baer India Ltd (MBIL), which is also facing liquidation The National Company Law Tribunal (NCLT) has directed Moser Baer Solar Ltd to go under liquidation, as the debt-ridden company failed to get any resolution plan from any firm within the mandated 270 days. […]
Germany’s Siemens says to cut 2,700 jobs worldwide
Industrial conglomerate Siemens said Tuesday it would slash 2,700 jobs worldwide at its gas and power unit, including 1,400 in its home country Germany, “over several years”. The division — set for an independent stock market flotation in 2020 — will “require further savings of 500 million euros” ($560 million), Siemens said in a statement. […]
NTPC to set up 100 MW floating solar power project in T’gana
State-owned NTPC Limited Wednesday said it is setting up a 100 mw Floating Solar Photo Voltaic (PV) Solar Project at Ramagundam in Telangana. “We wish to inform that investment approval has been accorded for 100 MW Ramagundam Floating Solar PV Project, Phase-I in District Peddapelli, Telangana,” a regulatory filing by the PSU said. NTPC had […]
Japan sets carbon-neutral goal as UK plans climate laws
Japan has joined Britain in pledging to become carbon neutral later this century, as the world races to prevent catastrophic climate change, but critics blasted Tokyo’s plan as unambitious. While Britain on Wednesday outlined plans for fast-track legislation that would reduce carbon emissions to net zero by 2050, Japan’s policy only pledges to meet the […]