Gold
LT considers exit amid free rides
Larsen & Toubro (LT), the infrastructure giant, is contemplating exiting the Hyderabad Metro project due to significant revenue losses attributed to free bus rides. The potential departure of LT from this vital infrastructure initiative could have profound implications for the city's public transportation landscape.
The Hyderabad Metro, a joint venture between LT and the Hyderabad Metro Rail Limited (HMRL), has been instrumental in easing commuting woes since its inception. However, the provision of complimentary bus services alongside metro rides has substantially impacted LT's reven..
Tesla Charger Network Expansion Announced by Musk
In a recent development, Elon Musk, CEO of Tesla, has announced an ambitious plan to expand the company's charger network. This move comes just days after Tesla announced layoffs, sparking speculation about the company's future direction. Musk's announcement indicates a strategic shift towards enhancing infrastructure to support the growing fleet of Tesla vehicles.
The expansion of the charger network is poised to address one of the key concerns among Tesla owners - access to charging stations. As the demand for electric vehicles (EVs) continues to rise, ensuring an extensive and relia..
WardWizard Electric Sales Surge
Electric two-wheeler sales in India have witnessed a significant surge, doubling in the month of April. According to reports, WardWizard Innovations, a leading player in the electric vehicle market, has reported a remarkable uptick in sales, with figures reaching 1,071 units. This surge in sales reflects a growing trend towards eco-friendly transportation solutions and increasing consumer interest in electric vehicles.
WardWizard Innovations has been at the forefront of the electric vehicle revolution in India, offering a diverse range of electric two-wheelers that cater to various..
IL&FS Requests New MMRDA Nod for Mumbai HQ Transfer
IL&FS has sought renewed approval from the Mumbai Metropolitan Region Development Authority (MMRDA) to transfer its headquarters within Mumbai. This move indicates IL&FS's commitment to navigating regulatory requirements amid ongoing restructuring efforts.
IL&FS's request for new approval underscores its determination to ensure compliance with all necessary regulations and expedite the headquarters transfer process. It reflects the company's efforts to streamline its operations and address administrative challenges as part of its restructuring endeavours.
The need for fresh appro..
Malaysian Carbon Credit Auction Begins July
In a significant move towards environmental sustainability, Malaysia's carbon exchange will host its first local carbon credit auction in July. This event marks a pivotal step in the nation's commitment to reducing carbon emissions and fostering a green economy.
The Malaysian carbon exchange aims to provide a structured marketplace for carbon credits, where companies can buy and sell these credits to offset their carbon footprints. This initiative aligns with global efforts to mitigate climate change by encouraging businesses to adopt more sustainable practices.
The auction w..
