(ET) Soon you will be able to whisk your way at tourist spots, college campuses and townships with the wind blowing on your face, facing the morning sun as you commute 25-30km on a single charge using an electric kick-start scooter. The scooter is developed by a startup incubated by Gujarat University Startup and Entrepreneurship Council (GUSEC), was launched on Tuesday. The vehicles are meant for rental-based electric transportation and Gujarat University shall be the first campus in South Asia to implement such technology, mentions a press statement by GUSEC.The product, which was launched on Tuesday, will be made available for public at the upcoming…
Author: Aruna Sharma
(LiveMint) Mukesh Ambani-led Reliance Industries Limited (RIL) has offered the shareholders of its subsidiary and unlisted unit Reliance Retail to swap their units with RIL shares. As per the proposed arrangement, Reliance Retail shareholders will get one share of RIL against four Reliance Retail shares. Reliance Retail shares are not listed on any stock exchanges. “The company had implemented two schemes namely Reliance Retail Employees’ Restricted Stock Unit Plan 2006 and 2007 under which Restricted Stock Units (“RSUs”) have been allotted to eligible employees. On exercise of the RSUs by some of the employees, equity shares have been allotted to them,” RIL said on its…
(PTI) State-owned power giant NTPC is planning to add 10GW of solar energy generation capacity by 2022, which entails an investment of around Rs 50,000 crore, to be funded mainly by green bonds, a source has said. At present, NTPC has installed renewable energy capacity of 920 MW, which includes mainly solar energy. It has formulated a long term plan to become a 130 GW company by 2032 with 30 per cent non-fossil fuel or renewable energy capacity. “The company will complete tendering of 2,300 MW of solar energy capacity by the end of this fiscal. Thereafter it has planned to add 4GW each in 2020-21 and 2021-22. “The…
(PTI) Prime Minister Narendra Modi will unveil a statue of former prime minister Atal Bihari Vajpayee at Lok Bhawan here on Wednesday. The event coincides with the birth anniversary of Vajpayee, who represented Lucknow in the Lok Sabha five times — 1991, 1996, 1998, 1999 and 2004. The venue in the high security zone of the state capital has been sanitised, keeping in view the recent state-wide agitation against the amended citizenship law.Modi will also lay the foundation stone of the Atal Bihari Vajpayee Medical University here for which the Uttar Pradesh government has decided to transfer 50 acres of land.
In a major step towards making India a gas-based economy and making CNG as the eco-friendly option for long distance transport in the country, Shri Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel, today unveiled India’s first long distance CNG bus fitted with composite CNG cylinders, which can travel around 1000 kms in a single fill. The project has been executed by Indraprastha Gas Limited (IGL) and has been achieved through pioneering design of Type IV Composite Cylinders in buses, replacing traditional very heavy Type-I Carbon Steel cylinders. Lauding the initiative, Shri Pradhan described it as a milestone…
ONGC has been declared as the Winner of ‘Golden Peacock Award for Risk Management’ for 2019, by the Awards Jury of Institute of Directors (IOD), India. The award shall be presented to ONGC in the presence of business & industry leaders during IOD, India’s “2020 Singapore Global Convention on BOARD LEADERSHIP & RISK MANAGEMENT” and ‘GLOBAL BUSINESS MEET’. This award comes to ONGC in recognition of the effective Risk Management Process in place in the Energy Maharatna, deeply embedded at all levels of its operations and the entire value chain. ONGC has always laid substantive emphasis on a robust Risk Management Framework…
(ET) Pepfuels, a Uttar Pradesh-based start-up currently involved in providing door-step delivery of diesel in the National Capital Region to Business-to-Business (B2B) customers is eyeing cities like Bengaluru and Hyderabad to expand its operations rising on the back of the recent liberalisation of fuel marketing regulations, Founder Tikendra Yadav told. The 29-year old, who founded the company with two of his partners — 29 year old Sandeep Thakur and 28 year old Pratik Kathil – said the inception of the idea for delivering fuel to customers came to them back in 2016.The company operates around seven diesel Mobile Dispensing Units (MDUs) and…
Shri JP Nadda Addresses A Public Meeting In Support Of CAA In Shyambazar, West Bengal
PM Shri Narendra Modi Addresses ‘Aabhar Rally At Ramlila Maidan In New Delhi
(ET) State-run Coal India Ltd (CIL) has started buying surplus output from a captive mine of an Odisha government entity for augmenting supplies to its own customers, a deal that will help reduce imports by raising availability of the indigenous fuel and open a new revenue-earning window for coal-bearing states. CIL subsidiary Mahanadi Coalfields Ltd (MCL) has started lifting 6,000 tonnes of coal daily from the Manoharpur mine in Jharsuguda district allotted to Odisha Coal and Power Ltd (OCPL). MCL will pay according to the official price list, commonly known as the ‘notified price’. It can earn 20 per cent more than the notified price by selling the…