ELECTRICAL SYSTEMS

Record $1.8 trillion investment in renewables made in 2023 not enough to meet COP28 goals, says EY report

More than 100 countries at the COP28 climate summit in Dubai last year had agreed to triple renewable energy capacity by 2030 and cut down the use of fossil fuel and emissions, a move seen as vital to avert the worst effects of climate change. The pledge made at COP28 is one of the several energy-related announcements that include new measures and funding to combat methane emissions, agreements to cut coal use and nuclear energy promotion.

Uber's electric vehicle service, Uber Green arrives in Kolkata

Uber launched its electric vehicle service, Uber Green, in Kolkata, offering users on-demand EV rides across the city, including to and from the Kolkata International Airport. The initiative aims to improve air quality in the city and reduce carbon emissions. Uber plans to provide zero-emission services globally by 2040, with approval from the Science Based Targets Initiative. Uber India and South Asia President, Prabhjeet Singh, highlighted the company's commitment to expanding green transportation options in India.

Why fire incidents are rising? Delhi fire department reveals reason

Delhi Fire Service notes many structures lack fire safety certification, hindering evacuation. Atul Garg highlights challenges in evacuation due to obstructed escape routes and crowded markets, emphasizing the need for better fire safety measures.

Kolkata Metro to get battery power for moving stranded train

Kolkata's Metro Railway is installing a Battery Energy Storage System in the Dakshineswar-New Garia corridor to move trains during power outages, enhancing safety and energy efficiency.

These 5 stocks close crossing below VWAP on June 6

On June 6, the closing prices of these five stocks from Nifty500 dropped by more than 1.60% relative to the VWAP (Volume Weighted Average Price), and a shift below the VWAP suggests a potential bearish trend, according to stockedge.com's technical scan data. When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This can be seen as a potential indication of increased selling pressure.

Motor racing: F1 unveils 'nimble' car for new era starting in 2026

Formula One will enter a new era in 2026 with smaller and lighter cars featuring active aerodynamics. The FIA presented the technical regulations for the new generation of 'nimble' cars, aiming for better efficiency and handling. FIA president Mohammed Ben Sulayem hailed the unique revision to make the championship more relevant and attractive.

Uno Minda ties up with Chinese firm for production of EV components

Uno Minda has partnered with Suzhou Inovance Automotive Co to manufacture electric vehicle components, including charging control units, inverters, motors, and electric drive systems for passenger and commercial vehicles. The company plans to expand its electric four-wheeler portfolio and potentially establish a joint venture with Suzhou. Inovance, founded in 2003, specializes in providing products for rail transit and new-energy vehicles.

Elon Musk sees another big advisory firm come out against his multibillion dollar pay package

Tesla CEO Elon Musk's pay package, recently valued at $44.9 billion, has been re-endorsed by ISS and Glass Lewis. The firm argued that the package was outsized and failed to achieve board objectives. It also noted that Tesla met the pay package's performance objectives and recognized the company's substantial growth in size and profitability. However, concerns about Musk spending too much time on other ventures raised in 2018 and since then have not been sufficiently addressed.

Delhi's discoms relying on advanced-technology transformers to ensure uninterrupted power supply

Delhi's power distribution companies (discoms) rely on advanced technology transformers to meet peak demand amid scorching temperatures. BSES and TPDDL utilize transformers designed to operate efficiently even in extreme heat, ensuring uninterrupted power supply. With remote monitoring and cooling systems, these transformers withstand Delhi's environmental challenges, preventing outages.

Sensex slips for 5 straight days, 6 smallcap stocks plunge 15-20% amid election jitters

Porsche 911 Hybrid unveiled: Here are price, launch dates, performance, speed, and other details

Porsche 911 Hybrid (Google Trends): Porsche has globally unveiled the 2025 911 Facelift, featuring hybrid technology in the Carrera and GTS trims. These models, available for order, are expected in India by late 2024 or early 2025, with prices starting at Rs 1.86 crore. The 911 GTS hybrid boasts a 541 BHP powertrain, faster acceleration, and improved performance, aligning Porsche towards electrification.

BHEL ties up with BARC for electrolyser system to produce hydrogen energy

Bharat Heavy Electricals Limited (BHEL) has signed an agreement with the Bhabha Atomic Research Centre for 50 kW alkaline electrolyser system to produce hydrogen, the company informed the exchange in a filing.

Tata Steel signs grid agreement to make its UK project green

"This will help us replace our aging and carbon-intensive blast furnaces with a state-of-the-art electric arc furnace capable of producing our customers' most demanding steel products," said Rajesh Nair, chief executive of Tata Steel UK, in a website statement.

ADB approves $148 mn loan to improve power supply in Sikkim

The Asian Development Bank (ADB) has sanctioned a loan of USD 148.5 million to facilitate the modernization and improvement of the reliability, quality, and resilience of electricity supply in Sikkim. This initiative aligns completely with Sikkim's Power for All program, guaranteeing uninterrupted, high-quality electricity access round the clock for households, industries, businesses, and the public.

EV components maker Matel raises $4 million in funding

Matel makes components like power trains and motor control units for EVs. This funding round saw participation from investors like Nikhil Kamath-backed Gruhas and from Haresh Abichandani, the founder of electronic components firm Millenium Semiconductor.

Pune: Automatic Rs 10,000 challan at petrol pumps for not having this document. Check latest rule

Pune Traffic Rule: Authorities in India working on stricter regulations to reduce vehicular pollution, promoting eco-friendly fuels and electric vehicles. Pune authorities have developed automated system using advanced cameras at petrol pumps to penalize vehicles without valid PUC certificates. Waiting for official confirmation on timeline for implementation. Drivers may have a grace period to renew PUC certificates.

Kia unveils revamped EV6 electric vehicle with bigger battery

Kia, South Korea's second-largest automaker, on Tuesday announced the release of a redesigned and upgraded version of its EV6 electric vehicle, which was first introduced in 2021.

Modi govt's new solar scheme has three big hurdles

The government has launched a new scheme to encourage the installation of solar panels on rooftops, aiming to triple renewable capacity by 2030. The program provides subsidies to install grid-connected systems, allowing households to reduce electricity bills and sell extra power to the grid. However, challenges remain, including difficulties with electricity distribution companies (DISCOMs) and a lack of skilled workers. Despite these hurdles, the initiative is expected to create jobs and significantly reduce CO2 emissions.

Tata Motors launches Tata Ace EV 1000 mini truck

Tata Motors launched the Ace EV 1000 mini-truck for last-mile mobility with a 1-tonne payload and 161km range. It features advanced technology like the EVOGEN powertrain, robust aggregates, and a 7-year battery warranty.

DERC grants regulatory approval to Battery Energy Storage System with GEAPP's support

The project aims to provide 24/7 power to more than 12,000 low-income consumers.

DG Innovate joins hands with EVage Motors, forays into domestic EV space

UK-based advanced R&D firm DG Innovate on Wednesday announced its entry into the domestic electric vehicle space through a joint venture with electric commercial vehicle startup EVage Motors. The JV, which will be 60 per cent owned by DG Innovate and 40 per cent by the Indian partner, will produce electric motors for both domestic and overseas markets, EVage said.

Next-gen digital dashboards: How smart displays are transforming modern cars

Your car has a smart screen that could rival a cockpit — sensors, intuitive interfaces, phone integration and infotainment. Fasten your seatbelts

Three-engineers' body question

Three engineering students debate the human body's designers, with some suggesting mechanical, electrical, or civil engineers. A dog, bird, and cat die, and Yama, the lord of death, asks each one their beliefs. The dog believes in discipline, training, and loyalty, while the bird believes in singing for his master. The cat believes in being in Yama's seat.