The affordable housing policy of the Haryana government, which involves the allocation of apartments constructed by developers at a fixed rate, is expected to regain momentum. This is because the cabinet has recently approved a 20% increase in the allotment rates. The surge in the cost of raw materials has led developers to request a revision of the rates from the state government. This adjustment is necessary as the rising costs have made many projects financially unsustainable. Ashwani Kumar, Pyramid Infratech said, “The amendment of the Affordable…
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FPT Industrial, FPT INDUSTRIAL AND REEFILLA: PARTNERS FOR SUSTAINABILITY. A NEW PROJECT GIVES A SECOND LIFE TO ELECTRIC VEHICLE BATTERIES
FPT INDUSTRIAL AND REEFILLA: PARTNERS FOR SUSTAINABILITY. A NEW PROJECT GIVES A SECOND LIFE TO ELECTRIC VEHICLE BATTERIES FPT Industrial, the leading multinational provider of low environmental impact drive solutions, including batteries for electric light commercial vehicles, buses and minibuses, and Reefilla, an innovative Turin-based startup offering the first predictive mobile charging service, have launched a pilot project aimed at giving a second life to batteries from electric commercial vehicles, in particular the eBS37 model installed in the IVECO eDAILY and minibus. FPT Industrial and Reefilla have joined forces in a full…
Read MoreThe GST Paradox in the Ride-Hailing Sector
The complexity around the issue of GST regulations in the ride-hailing industry has given rise to an ongoing debate as to whether Namma Yatri should be paying GST on rides, the same as Ola, Uber, and Rapido. Distinguishing its position from other industry players, Namma Yatri does not associate itself as an e-commerce operator or an aggregator but instead paints itself as a B2B software provider for drivers. On grounds of this distinction, it has created a divide where lawyers, tax officials, and other stakeholders continue to weigh in on…
Read MoreMore than Rs.1000 Crore Investment to be made in Renewable Energy
South Eastern Coalfields Ltd (SECL), one of the largest coal-producing subsidiaries of Coal India Ltd, will be developing rooftop and ground mounted solar power projects of 600 MW capacity in the coming years as part of the company’s strategy to expand and diversify its business and achieve the “Net Zero Energy” goal. The strategy is in line with the larger goal of “Panchamrit” announced by Prime Minster Shri Narendra Modi at CoP-26 to achieve Net Zero Emissions by 2070. SECL, the Miniratna PSU, is planning to develop the above projects…
Read MoreIndia tops the medal tally at the 34th International Biology Olympiad, UAE
India topped the medals tally at the 34th International Biology Olympiad (IBO) 2023 held in Al Ain, UAE from 3 July to 11 July 2023, by virtue of every student winning a gold medal! This is the first time that India has turned in an all-gold performance at IBO. It is also the first time that India has topped the medals tally at the Olympiad The students this year were: Dhruv Advani (GOLD) from Bengaluru, Karnataka Ishan Pednekar (GOLD) from Kota, Rajasthan Megh Chhabda (GOLD) from…
Read MoreEV Clinic and TerraBlu Join Forces for a Greener Future
We are thrilled to announce a groundbreaking collaboration between EV Clinic, a leading EV service company, and TerraBlu, an innovative climate tech company. This partnership marks a significant milestone in our collective mission to accelerate the transition to sustainable mobility and combat climate change. EV Clinic has been at the forefront of the electric vehicle revolution, offering comprehensive services and solutions to promote the adoption and efficient operation of electric vehicles. Our commitment to sustainability aligns perfectly with TerraBlu's vision of a greener future driven by clean energy and innovative…
Read MoreMillennial Urban Comfort – ‘Real’ Value in a Changing World
– By Akash Pharande, Managing Director – Pharande Spaces India has been witnessing a consistent rise in urbanization over the years. A survey by the United Nations projects that by 2030, over 40.76% of India’s population will live in urban regions. World Bank statistics from 2017 add weight to this estimate – in that year, about 34% of the country’s population already lived in cities. India’s urbanization trend will continue, and by 2050, India will be among the leaders in global urbanization, along with China, Indonesia, Nigeria, and the United…
Read MoreIndia sets a Guinness World Record for the ‘Largest Display of Lambani Items
As part of the 3rd Culture Working Group Meeting of G20 in Hampi, under its ‘Culture Unites All’ campaign, the Culture Working Group, Ministry of Culture has set a Guinness World Record for the ‘Largest Display of Lambani Items’. The unique exhibition on Lambani embroidery patches was inaugurated at the Yeduru Basavanna complex, Hampi by Minister of Parliamentary Affairs & Coal and Mines, Shri Prahlad Joshi today. The theme for the exhibit is ‘Culture Unites All’. This display is titled ‘Threads of Unity’ and celebrates the aesthetic expressions and…
Read MorePE activity in real estate declines 5% in Q1 FY24 – ANAROCK Capital
ANAROCK Capital FLUX Q1 FY24 PE activity marginally declined by 5% in Q1 FY24 given the elevated interest rates Q1FY24 saw a mild softening in reported deal activity when as compared to Q1FY23 on a headline basis, finds ANAROCK Capital’s report FLUX for Q1 FY24. The reported numbers were propped up by a single large deal which accounted for about 3/4th of the overall deal activity. Shobhit Agarwal, MD & CEO – ANAROCK Capital, says, “Excluding this deal, private equity activity remained subdued owing to a high interest rate…
Read MoreLay foundation stone for various development projects worth over Rs 24,300 crore laid in Bikaner, Rajasthan
The Prime Minister, Shri Narendra Modi laid the foundation stone and dedicated to the nation development projects worth over Rs 24,300 crore in Bikaner, Rajasthan today. The projects include the dedication of the six-lane Greenfield Expressway section of the Amritsar – Jamnagar Economic Corridor at a cost of around Rs 11,125 crores, Phase-I of the Inter-State Transmission Line for Green Energy Corridor worth around Rs 10,950 crores, Bikaner to Bhiwadi Transmission Line to be developed by Power Grid at a cost of around Rs 1,340 crores, and a new 30-bedded…
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