This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The company, which is backed by Google’s parent company Alphabet, will run the program from February 4 through April 1, offering convenient routes to and from the Los Angeles International Airport (LAX). The company began paid LA rides in November , officially dropping the need for users to join a waitlist to ride.
Southeast Asia’s leading O2O (online to offline) mobile platform, announced an agreement under which Hyundai Motor Company and Kia Motors Corporation will invest an additional US$250 million into Grab and establish a partnership to pilot EV programs across Southeast Asia. Hyundai Motor Group and Grab Holdings Inc., billion raised.
New nuclear looks different, which requires new types of financing. How does new nuclear differ, and how do we finance that? What to expect from the report: Expert insight into funding developments – analysis of new types of funding for SMRs and advanced reactors, who they would help, and means to ensure financing.
Grab), the largest ride-hailing service company in Southeast Asia, are collaborating to provide ride-hailing services throughout Southeast Asia. Grab offers the widest range of on-demand transportation services in the most markets in Southeast Asia, with more than 55 million app downloads and more than 1.2 Earlier post.).
Grab will start the “Grab 4 Indonesia” social impact investment fund to financecompanies focused on deepening financial inclusion across all cities and income levels in Indonesia. Expand access to mobile payments and financing opportunities.
The planned change of name highlights the business unit’s transformation to a broad-based mobility service provider, the range extending from financing and leasing through fleet management and insurance to digital solutions for payment processing (Mercedes pay) and app-based services such as moovel, car2go and mytaxi.
The Climate Disclosure Standards Board ( CDSB ) introduced for public consultation a set of proposals designed to assist directors in the inclusion of climate change-related information in companies’ annual reports. Against this background, it is imperative that companies supply their shareholders with appropriate climate change data.
The ride-hailing joint venture will begin operating in Hangzhou, a city of more than 10 million people that is home to leading Chinese companies including Geely Holding, and some of the country’s leading technology businesses. p>Customers can download the StarRides App in the Apple App Store and Google Play Store.
billion) in green financing for its first battery gigafactory in Dunkirk , finalising its funding. The financing allows Verkor to fund construction of the plant, which will supply Renault’s premium and Alpine electric models among others. French battery start-up Verkor said on Friday it had secured more than 1.3
The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% and 15%, with a repayment period extending up to five years. and 15%, with a repayment period extending up to five years.
Renault India and Bajaj Finance are confident that this collaboration will strengthen their position in the market and reaffirm their shared mission of providing outstanding auto financing solutions to customers. RIPL), the European car brand in India, has partnered with Bajaj Finance Ltd., New Delhi: Renault India Pvt Ltd.
million) from private equity firm Stakeboat Capital in its first financing round. Ajay Gopalswamy , founder and chief executive of the Bengaluru-headquartered company, told ET that the money will be used to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up.
Creative Greenius talks AB 811 Financing to the Green Task Force / photo (c) Debra Bushweit Galliani. Click Here to Download a PDF copy of my presentation ). Click Here to Download a PDF copy of my presentation ). But those rates will be going up, up, up whether anyone is talking about it now or not.
The strategic collaboration between Roadcast and AMU aims to revolutionize the EV market in emerging regions, creating opportunities for profitable EV financing. The collaboration aims to implement Roadcast’s GPS technology in as many e-rickshaws financed by AMU as possible.
Vulcan’s lithium chloride output will be converted into battery-grade lithium hydroxide at the company’s new conversion plant in Frankfurt in the second half of the year, Moreno said. “We’re looking to close the financing in the next probably four to five months,” Moreno added.
In the interim budget, the Finance Minister had hinted about the GoI’s strategy to promote energy security in terms of availability, accessibility and affordability. This policy also includes technology development, skilled workforce, extended producer responsibility framework, and a suitable financing mechanism. on copper scrap.”
New Delhi: Log9 , a leading developer of advanced battery cell technology and electric mobility ecosystem products, has rebranded its mobility business as Amphion , a full-stack EV asset management company. Murthy shared insights on key ingredients of building a sustainable company on strong pillars of culture and innovation.
For the full year FY24, the company reported a net consolidated PAT of INR 2,696.34 The company reported a PAT of INR 799.87 The board of directors of the company, at their meeting held on March 25, 2024, has declared an interim dividend of INR 4.95 crore when compared to INR 1,358.82 crore in FY23. crore, as against INR 13,202.55
Mining conglomerate Vedanta Ltd has secured an 11-year term loan of INR 3,918 crore from Power Finance Corporation Ltd ( PFC ), sources said. The latest financing follows Vedanta group’s takeover of Meenakshi Energy Ltd on December 28 in an NCLT-driven insolvency process. GW by FY27, sources with knowledge of the matter said.
“The merger is expected to positively impact the company’s profit and financial structures by enhancing competitiveness of its mid- to long-term energy business,” SK Innovation said. 2 conglomerate undertakes a major overhaul to boost profitability. The move, which creates a 100 trillion won (USD 72.57
The company onboarded veteran investor Sachin Maheshwari as Head of Corporate Development, finance leader Nitin Goel as Chief Financial Officer (CFO), and R&D Pioneer Chidambaram Mandan as Vice-President and Head of R&D and Quality Control.
sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain. Shares in the company, which first applied for the permit in August 2021, rose 15.9% The state in 2022 had turned down an application from an unrelated company to expand a quarry. The company has applied for U.S.
Addressing India Global Forum’s Climate and Business (ClimB) session in London, company vice-chair and joint managing director Amit Kalyani pointed to great potential to incorporate inductive electric charging as the highway infrastructure takes shape around the country. “India has significant financing needs. .
The company’s emphasis is on automation which, in turn, will eliminate manual processes including data upload, tracking and reporting. The company said that its app, called ‘CG Collect’, will streamline the field team operations, simplify reconciliations and will also digitize visit management and enable seamless tracking.
With this partnership, ACKO Drive is offering Zoomcar Hosts substantial savings of up to INR 85,000 on new car purchases along with attractive offers on car financing with instant loan approval, express car delivery and more.
News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Warren Buffett takes charge Warren Buffett hasnt just seen the car of the future, hes sitting in the drivers seat. The E6 will hit the Chinese market later this year.
Privately-held TechMet has a valuation of more than $1 billion and has stakes in 10 companies, including Brazilian Nickel, Cornish Lithium and Rainbow Rare Earths. Some funds may also have to support existing companies, he added. government’s International Development Finance Corp is one of TechMet’s biggest investors.
Last August, Ola Electric raised USD 240 million from State Bank of India for building the Gigafactory as part of a USD 384 million financing round that saw participation from Singapore’s sovereign fund Temasek. The firm is also working on solid-state batteries, he added. GWh through FY25 and FY26.
A company statement said the Steel Ministry suspended V S Chakravarthy, Director (Commercial), and A K Tulsiani, Director (Finance). In compliance with instructions from the centre, SAIL also placed 26 Below Board Level officials of the Company on suspension with immediate effect.
French company Blue Solutions plans to build a gigafactory in eastern France costing about 2 billion euros (USD 2.17 The company is also holding talks on more deals after signing one with BMW last year to develop a battery for EVs, he said. Both Blue Solutions and VW have declined to confirm the discussions.
New Delhi: LTO ( Lithium Titanate Oxide ) batteries of Log9 Materials, a leading Indian company specializing in advanced battery solutions, have received the Bureau of Indian Standards (BIS) certification. Finally, BIS compliance can unlock new financing avenues for Log9.
These BES systems can thus act as a compliment to the power banking facilities provided by transmission companies. To address the real and perceived financing risk towards deploying clean energy, a comprehensive risk mitigation plan should also be created to support the project’s smooth commissioning and operations.
Punit Goyal, Co-founder, BluSmart and Anmol Jaggi, Co-founder, BluSmart with Sumant Sinha, founder of India’s leading decarbonisation solutions company. The customer experience has been significantly enhanced with over 4 million app downloads and achieving an overall rating of 4.9
The Citroën ë-C3 offers a range of 320 km as per ARAI and features fast charging technology, capable of achieving a full charge in less than an hour, the company said. The Citroën ë-C3 offers a range of 320 km as per ARAI and features fast charging technology, capable of achieving a full charge in less than an hour, the company said.
App-based mobility providers such as Uber have approached the finance ministry, Goods and Services Tax Council and the Authority for Advance Rulings (AAR) seeking clarity on whether their business was liable to tax or not. Cab-hailing platforms Ola and Rapido did not respond to queries from ET.
Its potential remains vast, with opportunities ranging from fleet financing to advanced AI-driven insights, promising a future wherein the platform becomes an indispensable tool in our pursuit of a safer, more efficient, and sustainable transportation ecosystem.
However, the Unite trade union announced one week ago that Tata staff will begin an indefinite strike from July 8 in protest over the company’s job-slashing plans. The overhaul comes with the European steel industry facing upheaval as it tries to finance less carbon-intensive production. Tata is seeking to invest £1.25
Li-Cycle is one of a number of companies, including privately held Redwood Materials, eyeing growth in the recycling business. The company was still informing affected staff about the cuts on Tuesday afternoon. Johnston and Kochhar had essentially run the company together, although the reorganization will see Johnston stepping back.
Ola Cabs and Ola Financial Services are part of ANI Technologies , while Ola Electric Mobility is a separate company founded by Bhavish Aggarwal. He had joined Ola Cabs from Hindustan Unilever around September 2023, but the company made it public only in January this year. Former CEO Bakshi resigned last month.
However, these three companies firmly remain in the red. Unlike its competitors, the company owns or leases all of its fleet of cars and charging stations, and employs drivers who are paid a combination of fixed salaries and performance-based incentives. Uber’s ride-hailing revenue was INR 678 crore in FY23. of Gensol Engineering.
The rating agency also expects non-bank financecompanies to continue to focus on used vehicles as assets class, presenting a favourable risk-return in terms of asset quality and pricing power. However, FY25 growth rates are likely to decrease from FY24 levels,” said Karan Gupta, Director, Financial Institutions, India Ratings.
The chair of the Senate Finance Committee said on Monday he was expanding its probe into German automaker BMW ‘s use of electronic components from a banned Chinese supplier. The report found Bourns Inc, a California-based auto supplier, had sourced components from JWD, which was added to the UFLPA Entity List in December.
The Gurgaon-based company has issued more than 1 million pre-series B preference shares at an issue price of INR 1,830 each, according to regulatory filings made by the firm with the Registrar of Companies. The firm plans to expand into Abu Dhabi later this year.
Simply downloading the app onto one’s device permits the use of trail maps, waypoint system, or navigation kit. Seems like basic marketing to us, but perhaps that’s why we write about cars instead of running the companies. Just swing by a Ford dealer and finance a new 4x4 first, alright?
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content