Diesel Irregularities: Toyota Suspends 3 Models
Toyota Kirloskar Motor (TKM), the Indian subsidiary of the Japanese automaker, has announced that it is temporarily suspending the dispatch of three of its models – Innova Crysta, Fortuner and Hilux – in the country after “irregularities” were found in the certification tests for the diesel powertrain. What are the irregularities? According to a statement […]
NGEL’s ₹80,000 Cr Green Hydrogen Project in Maharashtra
NTPC Green Energy Ltd (NGEL), a wholly-owned subsidiary of NTPC, India’s largest power producer, has signed a memorandum of understanding (MoU) with the Maharashtra government to develop green hydrogen projects and its derivatives in the state. The MoU, signed on January 29, 2024, is part of the state’s Green Investment Plan for the next five […]
X’s Challenge to Tweet Block Secrecy in Karnataka HC
X Corp, the microblogging platform formerly known as Twitter, has challenged the Indian government’s decision not to disclose the orders passed by a review committee that upheld the blocking of several tweets on its platform. The company has filed an appeal before the Karnataka High Court, seeking to quash a single-judge order that imposed a […]
Regulator Fines Air India Rs 1.1 Crore for Safety Violation
Air India has been penalised by the Directorate General of Civil Aviation (DGCA) for flouting safety rules on flights operating on certain long-range terrain critical routes. The aviation regulator imposed a fine of Rs 1.1 crore on the national carrier after an investigation revealed non-compliance by the airline. The case pertains to a pilot refusing […]
Suzlon Wins 642 MW Wind Project from ABC Cleantech
Suzlon Group, a leading renewable energy solutions provider, has secured a 642 MW order from ABC Cleantech Private Limited, a joint venture between Brookfield and Axis Energy in India. The order is for Suzlon’s 3 MW series of wind turbine generators, which will be installed in Andhra Pradesh. Suzlon will also provide installation, commissioning and […]
L&T Secures Order for Dubai Solar Plant
Larsen and Toubro (L&T), India’s leading engineering and construction company, has announced that its renewable engineering, procurement, and construction (EPC) arm has been chosen as the turnkey contractor to establish a 1800MWac solar photovoltaic plant in Dubai, the United Arab Emirates . Project details The project is the sixth phase of the Mohammed bin Rashid […]
HC Approves GST ‘Anti-Profiteering’ Clause
The Delhi High Court has upheld the constitutional validity of the anti-profiteering clause in the GST law, which requires companies to pass on the benefit of lower taxes and input tax credit to consumers. The ruling will affect over 100 companies that had challenged the provision and the orders of the National Anti-Profiteering Authority (NAA). […]
responsAbility’s $25M Investment in BluSmart’s EV Expansion
responsAbility, a Switzerland-headquartered impact fund, has announced that it will invest up to USD 25 million on behalf of its investors in BluSmart, India’s leading EV ride-hailing service and EV charging infrastructure network. This investment is part of responsAbility’s broader USD 500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia. BluSmart, […]
Adani Green Energy Secures $750M Bond Funding
Adani Green Energy Limited (AGEL) has successfully completed the funding of reserves for its $750 million Holdco Bond, which is due to mature in September 2024. The funding sources include a joint venture with TotalEnergies, a preferential allotment to the promoters, and the company’s financial reserves. This move demonstrates the company’s commitment to achieving its […]
Adani’s Data Collection for Mumbai Slum Revamp
The Dharavi slum in Mumbai, spanning 640 acres and housing up to 1 million residents, is one of the most densely populated areas in the world. For decades, the slum has been a challenge for urban planners and authorities, who have struggled to provide adequate infrastructure, sanitation, and housing for its inhabitants. Now, the Adani […]