India's Electric Vehicle Drive Accelerates

20 Oct 2023 CW Team

India's pursuit of net zero emissions has set the stage for a remarkable surge in electric vehicles (EVs) across the nation. With an ambitious goal of combatting climate change, the Indian government has laid the foundation for an EV revolution. The transition to EVs is marked by a twofold approach - reducing carbon emissions and decreasing the nation's dependence on traditional fossil fuels. Underpinning this transformation is a holistic ecosystem, encompassing charging infrastructure expansion, incentives for EV adoption, and the collaboration of both domestic and international automakers. As the EV market matures, consumers are presented with an array of choices, from compact urban EVs to long-range electric SUVs. This transition to electric mobility carries the potential to address India's air quality issues and significantly cut down on greenhouse gas emissions. As the EV sector continues to grow, it paves the way for a cleaner, more sustainable future for the nation.

Infrastructure Energy

08 Sep 2025

GST on Coal Raised to 18 per cent, Compensation Cess Removed

The Goods and Services Tax (GST) Council has approved a hike in the GST rate on coal and lignite from 5 per cent to 18 per cent, while simultaneously removing the additional compensation cess of Rs 400 per tonne, previously levied at 40 per cent. The decision, taken on 3 September, is expected to rationalise the tax structure without raising the overall cost burden on power producers or consumers.According to a statement from the Union government, the move is unlikely to impact electricity prices, as the tax adjustment is designed to be revenue-neutral for buyers. The removal of the cess is ex..

SCCL Mines Win 5-Star National Awards for Excellence

Singareni Collieries Company Limited (SCCL) has been awarded 5-Star ratings at the national level for four of its coal mines for the last financial year, recognising the company’s excellence in sustainable mining, safety, and operational practices.The honoured mines include:RG OC-1 Extension from the Ramagundam-3 AreaJK-5 OC from the Yellandu AreaRK-6 Underground Mine and RK-Newtech Mine from the Srirampur AreaThese awards were presented during the 5-Star Rating Awards Ceremony held in Mumbai, where SCCL Chairman and Managing Director N. Balram received the accolades from Union Minister for ..

JFSL Gets Rs 3.96 Billion from Promoters for Expansion

Jio Financial Services Ltd (JFSL) announced on Wednesday that promoter group companies have infused Rs 3.96 billion into the firm to support its expansion plans. The company’s board allotted 500 million convertible warrants at Rs 316.50 per warrant to Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd, both part of the promoter group.Each entity has received 250 million warrants, and the total amount received—Rs 3,956.25 crore (Rs 39.56 billion)—represents 25 per cent of the total warrant issue price, in accordance with regulatory norms.This development is par..