SUSTAINABLE MOBILITY SOLUTIONS
Greaves Finance appoints P. B. Sunil Kumar as CEO to accelerate EV financing
Greaves Finance, a Greaves Cotton subsidiary, appointed PB Sunil Kumar as Executive Director and CEO effective July 3, 2024. He will advance financing for electric two-wheelers via the evfin platform. With 25 years' experience, including positions at Taiki Consulting, Tata Finance Ltd, ICICI Bank, and GE Capital Services India, Kumar is also a chartered accountant.
How MSMEs are spearheading the digitisation of energy space
Whether it's a smart fuelling station in Mumbai or an AI-driven oil rig in Gujarat, MSMEs are spearheading a digital transformation that promises to redefine the country’s energy future and drive sustainability in the Indian economy.
Elastocalorics, carbon-capturing microbes among top 10 emerging technologies: WEF
The WEF said these top 10 emerging technologies focus on applications in health, communication, infrastructure and sustainability. The report also states AI will enable researchers to make unprecedented connections and advancements in understanding diseases, proposing new materials, and enhancing knowledge of the human body and mind.
Global Economic Summit 2024 to empower MSMEs through fintech solutions
India's fintech sector is set to host the 9th Global Economic Summit in Mumbai from August 8-10, 2024, focusing on 'FinTech: Accelerating the Digital Revolution.' The event features support from ONDC, DLAI, and Atal Incubation Centre - RMP, with notable speakers discussing evolving market trends and critical technologies.
Japan’s Mitsui invests Rs 200 crore in Pune-based EKA Mobility
EKA (Pinnacle Mobility Solutions) Mobility - one of the commercial vehicle manufacturers approved under the Champion OEM (Original Equipment Manufacturer) Scheme & EV component manufacturing scheme of the Rs 25,938 crore auto PLI policy - has a strategic partnership with Japan’s Mitsui and Netherlands-based VDL Groep to manufacture electric buses and light commercial vehicles.
Minister & Policy Continuity: Will it lead to re-rating getting sustained ? 7 stocks of railway’s ecosystem.
While it became clear on the day of the election result only that the same government is going to continue. Some doubts were raised as to whether there would be a shift in policy focus. A part of the answer has come in the form of portfolio allocation. Some of the key sectors which mattered to the street because they had seen a re-rating and valuations are high, the continuation with the same minister is an indication that government is clearly focussed on continuation not only with a policy focus but it also does not want to waste time in getting a new minister and spending time in him/ her understanding the core work. Now this should bring relief to some companies as their projected plans and workflow will continue. Which means that expected growth which the market has put in its estimates of earning has a high probability of continuing.
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Magenta Mobility joins hands with with Tata Motors, deploys 100 Ace EV
Magenta Mobility partners with Tata Motors to deploy over 100 Tata Ace EV units, including Ace EV and Ace EV 1000, as part of their MoU from October 2023. Maxson Lewis expresses excitement about their 'Ab Ki Baar Dus Hazaar' program aiming for 10,000 EVs by 2025. Vinay Pathak highlights the milestone in revolutionizing intra-city distribution.
India offers USD 500 billion investment opportunities in clean energy, other sectors by 2030
New Delhi India offers huge investment opportunities worth over USD 500 billion, particularly in clean energy value chain including renewables, green hydrogen and EV, by 2030, the commerce ministry said on Thursday. This was stated by Commerce Secretary Sunil Barthwal, who is in Singapore for the two-day meet of the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum.
Tackling plastic pollution: A call to action for India
Plastic pollution has reached alarming levels, causing devastating consequences for the environment. From clogging waterways to threatening marine life, the pervasive presence of plastic waste demands immediate action.
Future of green jobs holds immense promise in India: Ramesh Alluri Reddy, TeamLease Degree Apprenticeship
India’s transition towards sustainability holds immense potential in creating new employment opportunities.
ET Road Safety & Safer Mobility Forum 2024: Steering a smarter, safer, and sustainable supply chain by accelerating safety tech in logistics
The ET Road Safety & Safer Mobility Forum 2024 gears up for its third roundtable, focusing on ‘Enhancing Safety Standards in Modern Logistics and Supply Chain.’ This session will put intelligent AI solutions in the spotlight, showcasing how they can revolutionise safe practices within the ever-evolving logistics landscape. By prioritising both road and fleet safety, the forum aims to create a more secure and efficient supply chain ecosystem.
MS Dhoni appointed as Citroen's brand ambassador in India
French automaker Citroen named former India cricket captain Mahendra Singh Dhoni as their brand ambassador in India. The company said that Dhoni aligned with their commitment to electric mobility and sustainability, and emphasised their shared dedication to customer-centric innovation. Citroen aims to reinforce its presence in the Indian market and resonate with local sentiments, particularly among cricket enthusiasts.
MG Motor India signs pact with Vertelo to deliver 3,000 EVs
MG Motor India has partnered with Vertelo to supply 3,000 EVs, aiming for fleet electrification and robust charging infrastructure. The collaboration aligns with a vision for a green and sustainable future, accelerating the shift towards sustainable transportation. MG's EV lineup, including the 'Comet' and 'ZS EV', complements Vertelo's electrification solutions.
Minda Corp Q4 Results: Net profit jumps 27% to Rs 71 crore
Auto components maker Minda Corporation on Wednesday said its profit after tax increased 27 per cent to Rs 71 crore in the fourth quarter ended March 2024. The company had reported a profit after tax (PAT) of Rs 56 crore in the year-ago period.
We have lots of tailored solutions for MSMEs to drive efficiency and cut costs: Bar Code India's Ram Bhutani
Bar Code India (BCI) claims to leverage over 25 years of expertise to deliver cutting-edge software and hardware solutions that enhance supply chain and manufacturing operations. At the core of BCI's unique selling propositions are its indigenous products like RFID readers and IoT sensors.
Anand Mahindra unveils India's first electric flying taxi prototype, praises IIT Madras' innovation
Anand Mahindra, Chairman of the Mahindra Group, unveiled India's first electric flying taxi prototype, highlighting IIT Madras' role in innovation. The ePlane e200, developed by the ePlane Company at IIT Madras, aims to revolutionize intra-city commute and cargo transportation. With a travel range of 200 kilometers and speeds up to 200 kmph, the ePlane e200 signifies India's progress in electric air mobility and its emergence as an innovation hub.
Powering ahead: The role of renewable energy in electric vehicle charging infrastructure
India aims for a sustainable future with EVs & renewable energy. Challenges include sparse charging stations & policy reforms. By 2030, target is 500 GW renewable energy for a greener tomorrow.
How AI and data can bring another green revolution in India
India faces environmental challenges in agriculture, but AI offers transformative solutions. Precision farming, empowered by AI and big data, optimizes resources and boosts yields sustainably. With satellite data and predictive analytics, farmers make informed decisions. AI aids resource management and environmental conservation, but widespread adoption requires collaboration. Farmers' active engagement with data transforms them from beneficiaries to contributors, ensuring a sustainable agricultural future driven by technology.
Switching to green careers: A quick guide to skills and strategies for a smooth transition
Rising demand for sustainability roles prompts a shift towards green careers. Industry experts emphasize understanding required skills and pay structures. Key roles include wind turbine technicians, ESG analysts, and energy specialists. Acquiring skills like carbon accounting and climate action planning is crucial for success.
Kuehne+Nagel India, Magenta Mobility join hands to decarbonise road services
Kuehne+Nagel has partnered with Magenta Mobility to transition their fleet in India to electric vehicles, as part of their commitment to sustainability.
The quiet revolution: How electric vehicles are redefining urban soundscapes
India had 21.7 lakh EVs on road, 0.6% of total vehicles. Planners focus on noise reduction, greenery. Tech advances drive EV market growth. Emphasis on wildlife preservation, social interaction, emission reduction for sustainable urban living.
Caret Capital, Ev2 Ventures merge, launch $50 million fund
The new fund is called Caret Capital Fund II and it will back pre-Series A startups across three sectors - mobility, distribution, and employment.
M&M, Adani Total Energies join hands to set up EV charging infra
Mahindra & Mahindra collaborates with Adani Group's Adani Total Energies E-Mobility Limited to expand EV charging infrastructure, benefiting XUV400 owners. The partnership focuses on enhancing customer experience, energy transition, and meeting climate action goals.
Maruti Suzuki looking at transporting more vehicles via railways to cut down costs and reduce emissions
Maruti Suzuki plans to increase railway transportation to cut costs and emissions. It has invested Rs 1081 crore to commission in-plant railway siding in Gujarat and aims to double production capacity to 4 million units per annum by the end of the decade.
From green hydrogen to bioplastics: Budget 2024 pushes sustainable supply chain solutions
The budget highlights boosting capital expenditure, allocating funds for the Green Hydrogen Mission and sustainable mobility.
Over 60 battery, recycling, EV infrastructure firms to participate in Bharat Mobility Global Expo
"India is at the forefront of a transformative mobility revolution, and this expo serves as a testament to the nation's commitment to sustainable transportation," Rahul Walawalkar President, IESA and CES (Customized Energy Solutions) India said in the statement. The expo will showcase the diversity and innovation propelling emobility landscape, he added.
Innovation, sustainability to fuel transformative phase: Accel’s Prashanth Prakash
India’s manufacturing sector is poised to undergo a seismic shift, redefining paradigms as it aims to become a $300-billion sector. As Indians gain confidence in our infrastructure, ability to serve, we anticipate increased investment in the form of Manufacturing as a Service (MaaS). A tech-driven platform overlaid on fully integrated vertical manufacturing value chains, MaaS can extend and expand the South (Southeast Asia, GCC) using disaggregated supply chains, with tech.
Balancing tradition & innovation is paramount to maintain our manufacturing leadership: Nagesh Basavanhalli, Greaves Cotton
The 160-year diversified engineering major is shifting focus to sustainability and green technologies.
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