DISPATCHES
Coal production from captive, commercial mines up 35% in Q1
The coal industry experienced a notable increase in production and dispatch in the first quarter of the fiscal year, with a significant rise in output from various sectors and mines. The coal ministry's report highlighted positive growth trends in the industry.
The Dispatcher: This is what we know about Apple TV+ series
Patrick Brammall will star in a six-episode series adaptation of "The Dispatcher" on Apple TV+. The story follows police dispatcher Ian Hunt's quest to find his missing daughter. The series is written by Kris Mrksa and produced by 60Forty Films and Werner Film Productions.
Sebi mandates email as default mode for dispatching CAS by depositories, Mutual Fund-RTA
Markets regulator Sebi on Tuesday mandated email as a default mode of dispatch of 'Consolidated Account Statement', which provides an account of securities traded by an investor, by depositories and Mutual Fund-Registrar and Transfer Agents (MF-RTAs).
PV sales up in low-digits as growth pace moderated in May: SIAM
Passenger vehicle dispatches increased by 3.9% in May, setting a new record. Three-wheeler sales surged by 14.7%. Two-wheelers grew by 10.1%. The industry is optimistic about steady growth in 2024-25 due to expected good monsoon and economic development.
Startups’ new hiring strategies; unprecedented poll buzz online
Happy Thursday! While layoffs continue, startups are strategically refilling certain open positions with lower-salaried junior staff to cut costs. This in today’s ETtech Morning Dispatch.
Stock brokers push lending; InsuranceDekho’s latest acquisition
Happy Tuesday! Tech-first broking companies are looking to diversify into the credit business to build a larger financial services play. This and more in today’s ETtech Morning Dispatch.
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Coal output increases 10% in May
India's coal production rose by 10.15% to 83.91 million tonnes in May, with Coal India Ltd accounting for over 80% of output.
Auto sales enter slow lane in May, expected to bounce back in the festive season
In May, automobile sales slowed down due to heatwaves, election uncertainties, and a high base effect. Maruti Suzuki's sales grew 4.4% year-on-year, but this was lower than the 13.8% growth seen in May 2023. Hyundai Motor India and Tata Motors also saw modest growth, while Mahindra and Mahindra and Toyota India experienced significant increases in sales. Industry leaders expect a sales rebound post-election and with a good monsoon forecast. The auto sector's growth aligns with India's 8.2% GDP rise in 2023-24.
Visa fee hike hits IT cos; Airport cab fares set to rise
Happy Friday! The hike in H-1B visa fee will hurt IT service companies severely, experts have warned. This and more in today’s ETtech Morning Dispatch.
Amid heatwave, Delhi's power demand touches an all-time high of 8,000MW
Delhi recorded its highest peak power demand of 8000 MW during a heatwave, breaking previous records. The State Load Dispatch Centre (SLDC) and India Meteorological Department issued alerts. BSES discoms successfully met the demand. Tata Power met 2225 MW in North Delhi without outages. Air conditioning contributes significantly to energy use.
Government successfully met peak power demand in Delhi without outages: Atishi
Delhi Power Minister Atishi commended the power department for maintaining uninterrupted electricity supply in Delhi amid intense heatwave conditions, asserting readiness for potential peak demands of up to 8000 MW while contrasting with reported power outages in neighbouring cities and BJP-ruled states.
L&T dispatches ethylene oxide reactors to China
Infrastructure major Larsen & Toubro (L&T) on Wednesday said it has dispatched the world's heaviest ethylene oxide reactors -- a crucial component in petrochemical plants -- to China. The reactors were dispatched by the heavy engineering vertical of Larsen & Toubro (L&T) for a project of chemical giant BASF in China, the company said in a statement.
Intense summer heat in Delhi pushes power demand to all-time high of 7717 MW
A court in India is set to decide on May 31 whether to accept a supplementary charge sheet filed by the Enforcement Directorate against Bharat Rashtra Samithi leader K Kavitha in an excise policy-linked money laundering case. The court has reserved the order after the agency claims it has sufficient evidence to prosecute Kavitha. The case involves alleged corruption and money laundering in the formulation and execution of the Delhi government's excise policy for 2021-22.
Delhi's power demand soars to May's highest ever at 7,572 MW amid rising temperatures
Delhi experienced its highest-ever peak power demand for May due to a heatwave on Monday, as confirmed by officials from the electricity distribution companies. According to real-time data from the State Load Dispatch Centre, Delhi, the peak power demand reached 7,572 MW at 3:33 pm.
Iran President's helicopter crash: Authorities dispatch forces to site after rescue teams detect 'fuel smell'
Iran's search operation for the crashed helicopter carrying President Ebrahim Raisi intensified, with the Iran Red Crescent and IRGC chief Major General Hossein Salami on-site in East Azerbaijan. The helicopter, which made a "hard landing," carried Raisi, Foreign Minister Hossein Amir-Abdollahian, and other officials. Several countries, including Russia and Turkey, have sent rescue teams and equipment to assist. The EU activated its rapid response mapping service, while Iran expressed gratitude for international support in the search and rescue efforts.
Delhi's power demand crosses 6,800 MW as mercury rises: Discoms
Delhi recorded a peak power demand of 6,834 MW, with TPDDL meeting 2,035 MW in north Delhi. The discoms prepared for the estimated 8,000 MW peak demand with agreements and contingency plans.
Delhi's power demand peaks at 6,780 MW; may reach 8,000 MW this summer: Discoms
With the day temperature spiralling up with each passing day, Delhi's power demand shot to 6,780 MW on Thursday -- the highest this summer so far, discom officials said. Realtime data from State Load Dispatch Centre (SLDC) showed that the peak power demand of the city was 6,780 MW at 3.26 PM on Thursday.
Ambulances startup Red.Health raises $20 million led by Jungle Ventures
Hyderabad-based startup Red.Health will use the fresh capital to innovate its product, advance its technology, and improve its dispatch system to minimise human errors and optimise response time.
Polling parties dispatched to implement 'vote-from-home' facility in Uttarakhand's Chamoli for Lok Sabha polls
Vote-from-home initiated in Chamoli for citizens over 85, disabilities for Lok Sabha elections. Polling parties dispatched with volunteers, wheelchairs. Uttarakhand voting on April 19, part of Garhwal seat won by BJP. CM Dhami campaigns.
K-pop idol Karina calls it quits with actor-boyfriend Lee Jae Wook
The couple was met with a social media meltdown after their romance was exposed by the South Korean tabloid Dispatch on February 27
Honda Motorcycle and Scooter domestic sales surge 81 pc to 3,58,151 units in March
Exports increased 95 per cent to 28,304 units last month from 14,460 units in March 2023, Honda Motorcycle & Scooter India (HMSI) said in a statement. The total sales rose to 3,86,455 units last month against 2,12,002 units in the same month last year, it added.
Tata Motors total domestic sales rise to 90,822 units in March
Tata Motors reported a 2% increase in total domestic wholesales in March, reaching 90,822 units. Passenger vehicle sales surged by 14%, with commercial vehicle dispatches declining by 10%. For the fiscal year ending March 31, 2024, total domestic wholesales rose by 2%, marking the third consecutive year of record sales.
Hyundai sales rise 4.5 pc at 60,501 units in February
Hyundai Motor India on Friday said it has reported a 4.5 per cent year-on-year increase in total sales at 60,501 units in February. The company sold a total of 57,851 units in February 2023, Hyundai Motor India Ltd (HMIL) said in a statement.
PM Modi to inaugurate two Coal India projects worth Rs 1200 cr on Friday
The Tori-Shivpur third Rail Line located in Chatra and Latehar districts of the state is of Central Coalfields Limited (CCL), which is a subsidiary of Coal India Limited (CIL), the Ministry of Coal said. "This dedicated coal corridor, stretching over 44.37 km with six intermediate stations, is designed to facilitate the evacuation of 100 million tonnes per annum (MTPA) of coal from ongoing and upcoming mining projects. With a capital outlay of Rs 894 crore, this project not only serves existing coal mines but also enhances the evacuation capacity from upcoming commercial blocks," it said.
Auto dispatches scale new peak as dealers stock up post year-end sales
Sales of two-wheelers rose 26% from a year earlier to 1,495,183 units last month. Three-wheeler dispatches went up by 9.5% to 53,537 units. "Passenger vehicles sales have remained resilient led by positive consumer sentiments, while the two-wheeler segment witnessed good growth in January as well, as the rural market continues to recover," SIAM president Vinod Aggarwal said.
Toyota suspends dispatch of three models in India due to 'irregularities' in diesel engine
Toyota Industries Corporation (TICO), a company affiliated with Toyota Motor Corporation (TMC), on January 29, 2024, announced that irregularities in horsepower output certification tests were found on three diesel engine models.
How firm and dispatchable renewable energy is transforming India’s sustainable energy landscape
India aims to source 50% of electric power from non-fossil fuels and reduce carbon emissions by 45% from 2005 levels by 2030. The 2023 National Electricity Plan by the Central Electricity Authority (CEA) estimates the need for 486 GW of variable renewables (solar and wind) to achieve this target. Challenges posed by the high penetration of variable and intermittent renewable energy can be solved through firm and dispatchable renewable energy power, obtained by integrating energy storage systems.
India's coal output rises nearly 11 pc in Dec to 92.87 MT
The production of state-owned Coal India Ltd (CIL) rose 8.27 per cent to 71.86 MT last month as compared to 66.37 MT in December 2022. According to the statement, the cumulative coal production of India during April-December 2023 increased to 684.31 MT from 608.34 MT in the year-ago period.
Cars and utility vehicles: 4,000,000 PV sales ride to a record high in 2023
Last month, carmakers reported a 4.4% rise in dispatches from factories at 287,904 units, the highest on record for December. Retail sales were substantially higher at 442,800 units, according to industry estimates, helping bring stocks down. The industry started the new year with an inventory of 176,500 units.
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