The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
Kunal Shah has funded over 266 startups including Razorpay, Snapdeal, Zetwork, BlueSmart, Unacademy, Bliss Club, and Spinny, amongst others.
Siemens delivered a strong margin performance and also reported high other income to beat consensus in the January-March quarter (Q2) of FY24 (the company's year-end is September 30). In addition, it has opted to demerge the energy vertical with a 1:1 award of shares in the newly demerged entity which will be listed by the end of this year (CY25).
The tangled chargers could soon be a thing of past, as Japanese scientists have developed a system that would allow you recharge your mobile phones and laptops wirelessly.
Indian scientists have come up with new mobile desktop computers which are much cheaper than the currently available products and run on batteries, thus doing away with the need for electricity.
Overall market reaction to the Budget was neutral. Investors absorbed the changes to the tax rates (positive for salaried class) and capital gains taxes (CGTs, negative due to the removal of indexation and increases. Other proposals largely pertain to supporting rural development, buybacks taxed as dividends, Custom duty changes that impact multiple sectors, higher outlays for clean energy, etc. There's some moderation in the growth of capex outlay across defence, fer
Noting 80 per cent of India's requirement of petroleum products was imported, the Prime Minister said this dependence was likely to increase.
Private equity investments into domestic companies fell sharply year-on-year by 42 per cent to $23.3 billion in 2022, which is the lowest since 2019, when it was $15.8 billion, according to an industry report. The numbers reflect the overall funding winter that the startup space in particular, and the overall foreign investments in general have been witnessing since the Ukraine war began last February. Private equity investment inflows into the country fell by a sharp 42 per cent in 2022 from last year to $23.3 billion -- the lowest annual inflows since 2019 when it was a low $15.8 billion, but still relatively elevated compared to historical levels, said Elaine Tan, a senior analyst at Refinitiv, the LSEG business arm that provides financial markets data and insights.
While home-grown firms like Tata and Mahindra have been actively participating in the government's e-mobility mission, by launching electrified versions of their existing models, the global firms believe electric is not the best solution for a country where the primary source of power generation is coal, and where infrastructure is a big impediment.
Passenger vehicle sales in India could hit a record of over 38 lakh units in FY23 but the strong growth momentum is not expected to carry over to 2023-24 with pent-up demand already been released, according to Tata Motors Passenger Vehicles managing director Shailesh Chandra.
With Tata Motors subsidiary taking over Ford's passenger vehicle (PV) manufacturing unit at Sanand in Gujarat, uncertainty over the future of Ford's Maraimalai Nagar unit in Tamil Nadu continues, with workers protesting on Thursday demanding a better severance package. There are over 2,000 employees working at the unit. On Thursday, there was a meeting between agitating employees and the state labour department. The workers started protests at the Chennai unit after Tata Passenger Electric Mobility signed a tripartite memorandum of understanding with Ford India and the Government of Gujarat for acquisition of Ford's PV manufacturing plant at Sanand.
The pictures and videos of the locals wading through waist deep water in Bawana JJ colony area, waterlogged houses, school and hospital went viral on social media even as teams of engineers from Haryana and Delhi worked on a war footing to plug the breach.
'In April, we saw a 10 per cent growth in our own volumes.'
A day after he was ruthlessly removed from the Bharatiya Janata Party Parliamentary Board, Nitin Gadkari -- arguably, the top performer in the Narendra Modi Cabinet and a former BJP president -- was in Mumbai, launching one of his pet projects: Electric public transport buses for the city.
Billionaire Mukesh Ambani on Thursday unveiled the next phase of growth at Reliance Industries Ltd, with retail and telecom worth over $100 billion each, doubling revenues and pre-tax profit in 3-4 years, new energy business becoming profitable by 2031, and core oil and chemical business continuing to be the robust growth engine. The sprawling conglomerate with interests in refining, oil and gas, petrochemicals, telecom, retail, and media is on track to more than double in size before the end of the decade, Ambani, chairman and managing director of Reliance, told company shareholders.
Ultra-Orthodox Jewish men carry their belongings before boarding a ship in Haifa for US nationals and their immediate family members as they leave Israel headed for Cyprus.
Mahindra launches e-mobility platform 'Glyd' to take on Ola, Uber. Targeted at office-going executives, it offers web-conferencing, curated entertainment and music content from selective partners.
PayMate is here with a mobile payment solution, which offers convenience and flexibility of making payments by simply sending an SMS.
'In terms of semiconductors, challenges do remain in the pan industry, but I think we are much better than where we were a year or so back.'
'We will see a lot of investments from the private sector.' 'As long as we are not impacted by some global events, I think we will be in a strong place.'
Yeh Hai India: Capturing Events And Moods Across Our Incredible Country.
'The semiconductor supply is constantly improving, with visible green-shoots in the situation as compared to earlier part of last year'
India's electric mobility goal, which has so far been riding on two wheels, is all set to graduate to four wheels. At least, the journey has begun. Hyundai Motor India said it would invest Rs 4,000 crore till 2028 to launch half-a-dozen electric vehicles (EVs) in India. It would eventually straddle premium and mass segments. The first of these - the electrified version of an internal combustion engine (ICE)-powered model - will go on sale as early as next year.
'Our task at Mercedes is to have the right setup. It is the customers who make the decision. But, if our approach with the Indian customers is right, we will grow.'
At least 16 people lost their lives in various rain-related incidents in Telangana while the unprecedented rainfall and floods in Andhra Pradesh over the past three days affected about 4.5 lakh people leading to the evacuation of more than 30,000 to relief camps.
An EV has to be purchased along with the battery as there are hardly any battery swapping, rental, or leasing business models available across India.
Innovation ranging from exterior designs of vehicles to EV charger locks grabbed eyeballs at the expo
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
I am happy I didn't knock anyone down, driving recklessly or trying to show off. However, in one instance of road rage (the consequence of arguing with a driver who disrespected my right to cross the road peacefully) I did find a man in a SUV taking his anger out on me by driving his vehicle over my feet, recalls Shyam G Menon.
The announcement came after the chief minister held a high level meeting with senior government officials on Thursday to discuss the implementation of both schemes, which are part of five poll guarantees of the Congress.
'We started AgniKul to show that space transportation should be as simple as road transportation.'
A formation of Israeli tanks and other military are positioned near Israel's border with the Gaza Strip.
The prototype device has special electrodes -- that can pick up the movement of the eye -- attached to the earphones.
Questions that the state had come to recognise over time but consistently delayed treating seriously because doing so requires an overhaul of perspective and lifestyle, notes Shyam G Menon.
A 45-year-old Maratha quota activist allegedly committed suicide in Bandra area of Mumbai in the early hours of Thursday leaving behind a note in which he urged community members to fight for the cause, a police official said.
Glimpses of Volocity -- a multi-rotor electrical vertical take-off and landing (eVTOL) aircraft -- at the opening of a Volocopter hangar in Bruchsal, Germany.
By cramming 20,000 nanowires into three square centimetres, the scientists have created the world's first device powered solely by piezoelectric materials.
Five cities -- Delhi, Bengaluru, Kolkata, Hyderabad and Surat -- ceded their power of procurement and agreed to a different procurement model to operate state-run buses.
Politely decline to be prime minister, and hand the baton to someone else in the BJP -- like Sonia did to Manmohan Singh -- advises Krishna Prasad.
Physicists at the Massachusetts Institute of Technology have come up with a new way to power electronic gadgets without an electrical cable.
