APT Translations

Electric scooter maker Ola, backed by SoftBank, plans to raise $734 million in the country's biggest IPO this year. The quota for big institutions was set at $330 million and allocation was completed on Thursday.

The 'Nexon' SUV-maker, which has raised money from TPG for its electrification push, has urged Indian government officials to maintain their support for EVs and not lower taxes on hybrid vehicles, despite demands by rival carmakers Toyota Motor and Maruti Suzuki.

Under the OMSS (D), the Department of Food and Public Distribution, Government of India, will directly offload grain to states for ₹2,800 per quintal (excluding the cost of transportation).

Tata Motors beats Q1 profit estimates on strong sales of luxury cars

This collaboration follows a successful test flight during the COP28 in December 2023, demonstrating the potential for converting methanol to SAF.

CEA data reveals that over the past decade, 24 hydroelectric schemes, including PSPs with a total capacity of 15,569 MW, have been approved.

Forrister, who was in India earlier this week, said the Indian officials have been examining models in Europe, Chile, Columbia, California and South Africa as well as other places while participating in study programmes of the World Bank and the Asian Development Bank.

Under the MoU, Amara Raja will collaborate with Ather to develop and supply NMC (Nickel Manganese Cobalt) and LFP (Lithium Iron Phosphate) lithium-ion (Li-ion) and other advanced chemistry cells, it added.

The global truck making industry faces a complex balancing act to get to zero emissions. Electric batteries are too heavy for long-haul freight operations and take long to charge. Using hydrogen fuel cells to generate electricity reduces the weight and extends the range of trucks, but switching to this technology is expensive as companies need to design new truck systems.

Fukushima operator Tepco has vowed to compensate domestic businesses which suffer a fall in exports due to the bans