Adani Group set up new subsidiary ANIL for new energy business
NEW DELHI: Billionaire Gautam Adani’s logistics-to-energy conglomerate has set up a new subsidiary, ANIL to undertake green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries as it looks to become the world’s largest renewable energy company and produce the cheapest hydrogen. Adani had in November last year […]
AMO Electric to raise $100 million to expand product range, sales infra
NEW DELHI: Electric two-wheeler maker AMO Electric is looking to raise about USD 100 million next fiscal as it looks to scale up R&D to introduce new products, expand manufacturing capacity and enhance sales infra across the country in order to consolidate its position in the sector. The Noida-based company currently sells four electric scooters […]
Former RBI Governor Urjit Patel appointed Vice President of AIIB
NEW DELHI: Former RBI Governor Urjit Patel has been appointed as a Vice President of the Beijing-based multilateral funding institution AIIB, according to sources in the bank on Sunday. India is a founding member of the Asian Infrastructure Investment Bank (AIIB) with the second highest voting share after China. It is headed by former Chinese […]
Jeep India positive about auto sector outlook; to launch new products
NEW DELHI: Jeep India, which posted a robust 130 per cent volume growth last year despite a bumpy ride due to the pandemic, is positive about the outlook for the domestic automobile industry and is set to launch new products this year. Besides, it anticipates the market to grow further notwithstanding concerns over the impact […]