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The Union Cabinet allocates ₹14,335 crore to accelerate electric vehicle adoption, emphasizing e-buses and transformative charging infrastructure.

The Union Cabinet allocates ₹14,335 crore to accelerate electric vehicle adoption, emphasizing e-buses and transformative charging infrastructure.

The Indian government has approved two significant schemes to enhance the use of electric vehicles (EVs) with a total investment of Rs 14,335 crore. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) will replace the earlier FAME scheme, focusing on various electric vehicles like two-wheelers, three-wheelers, ambulances, and trucks, and offer incentives ...

Market News

Union Finance Minister Nirmala Sitharaman announces GST relief for automotive, advertising, data hosting, and exporters, boosting growth and competitiveness.

Union Finance Minister Nirmala Sitharaman announces GST relief for automotive, advertising, data hosting, and exporters, boosting growth and competitiveness.

The Union Finance Ministry recently provided relief to several industries, including automotive, data hosting services, and advertising agencies that work with foreign clients. One key circular clarified that demo vehicles used by dealers for test drives can still qualify for GST deductions, as they support vehicle sales. Another circular recognized data hosting services provided by ...

Market News

Modi’s Grand Show: Semicon India 2024 in Noida Sparks Traffic Chaos—Is Innovation Worth the Commute?

Prime Minister Narendra Modi is set to inaugurate Semicon India 2024 at the India Expo Mart in Greater Noida on September 11. The event, lasting three days, focuses on the semiconductor ecosystem. In anticipation of the high-profile visit, the Noida Traffic Police have issued a traffic advisory to manage expected disruptions. Drivers are advised to ...

Market News

Strides Pharma secures overwhelming approval to launch OneSource, a pivotal CDMO, as it seeks final nod from NCLT for growth.

Strides Pharma secures overwhelming approval to launch OneSource, a pivotal CDMO, as it seeks final nod from NCLT for growth.

Strides Pharma Science announced that it has received overwhelming approval from shareholders and secured creditors for the formation of OneSource, a specialty contract development and manufacturing organization (CDMO). This decision comes after meetings facilitated by the National Company Law Tribunal (NCLT). The creation of OneSource will integrate the Oral Technologies business from Strides, Sterile Injectables ...

Market News

Stalin Urges Ford to Reboot Tamil Nadu Dreams: A Reminder of Promises Past in Political Performance!

Tamil Nadu Chief Minister M.K. Stalin recently met with Ford Motor Company representatives in Chicago, urging them to restart production at their former plant near Chennai. During the discussions, Stalin emphasized the potential for reviving a partnership that has lasted over three decades, highlighting the opportunity to manufacture vehicles for a global Market. The meeting ...

Market News

The UK government grants £500 million to Tata Steel for decarbonization, securing jobs and a green future for Port Talbot.

The UK government grants £500 million to Tata Steel for decarbonization, securing jobs and a green future for Port Talbot.

The UK government has approved a significant 500 million pound grant to Tata Steel to support the decarbonisation of its operations in Britain. This funding will help install a modern electric arc furnace at Tata’s Port Talbot steelworks in Wales, part of a larger 1.25 billion pound green steel project. The agreement aims to preserve ...

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After 24 Years, BJD Leader Urges Youth to Save a ‘Lost’ Party: Reform or Just Repeat History?

In Bhubaneswar, senior BJD leader Kalikesh Narayan Singh Deo encouraged the youth of BJD to actively engage in reforming Odisha after the party’s recent election loss. Speaking at a youth organizational meeting, he expressed confidence in winning the upcoming panchayat elections, urging the young leaders to work hard and support the party’s vision. Reflecting on ...

Market News

“Rahul Gandhi Sparks Political Firestorm in US: Is Anti-Reservation Rhetoric the New Game Plan for Congress?”

Rahul Gandhi’s recent comments during his visit to the United States have ignited controversy in India, drawing sharp criticism from Union Home Minister Amit Shah. Shah responded to Gandhi’s remarks about reservations, asserting that attempts to alter the quota system would not succeed as long as the BJP is in power. Gandhi stated that Congress ...

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