Meeting the government’s vision of 100 per cent electrification of public transport and 40 per cent of personal mobility by 2030 is a ‘huge challenge’ that will require a single-minded focus, Tata Motors CEO and MD Guenter Butschek said today.
The risk of fuel subsidies may hurt the stocks of crude-oil producers ONGC and Oil India after a gap of about two years, capping near-term gains.
The focus of the auto industry is inexorably drawn toward health and safety issues that confront the industry on a daily basis. It is also a fact that the auto sector drives standards of living via increased employment opportunities.
ONGC will buy 51.1 per cent of the government’s equity in HPCL for Rs 36,915 crore ($581 billion) to stem the fiscal deficit and boost disinvestment — a year after the Modi government mooted a much-needed initiative to create an integrated supply chain in the oil sector.
To promote the uptake of electric vehicles (EVs) in the country, the government is ready to amend the Electricity Act, 2003.
Union minister Dharmendra Pradhan today said skill development and promoting entrepreneurship is a key priority area for the government and it is linking this initiative with other programmes like upgrade of rail network and providing all households with power and cooking gas supply.
Three cities of Uttar Pradesh are among nine chosen in the latest round of the Centre’s flagship Smart Cities Mission, Union Housing and Urban Affairs Minister Hardeep Singh Puri said today.
A month ahead of the investors meet in UP, the state government on Monday offered yet another sop to industries by giving them the option to take power from the power distribution company of their choice.
The dry and arid western region of Rajasthan with perhaps several backward districts, such as Barmer, is set to see an investment of over Rs 1 lakh crore by private companies and PSUs in the oil and gas sector.
After allowing foreign players to invest up to 49 per cent via the primary market in power exchanges, the government may raise the ceiling for single-player foreign investment in the sector from five per cent to 15 per cent.