E-scooter

Electric vehicles energy infrastructure and services provider SUN Mobility on Monday said it has entered into a partnership with online food delivery platform Zomato to power 50,000 electric two-wheelers of the latter's fleet over the next two years.
Under the partnership, SUN Mobility will provide its battery swap solutions for last-mile deliveries with the initial fleet deployment to start in the National Capital.
Through this association, the last-mile delivery partners onboarded on Zomato's platform will benefit from convenient and cost-effective battery swapping solutions for their e-2Ws (electric two-wheelers), the company said in a statement.
The association with Zomato is a significant step towards achieving SUN Mobility's goal to build a sustainable and environmentally friendly ecosystem, SUN Mobility CEO Anant Badjatya said in a statement.
"By deploying 50,000 electric two-wheelers in Zomato's fleet, we are reducing our carbon footprint by 5,000 MT/month and contributing

Hero Electric

Hero Electric on Monday said it has partnered with SUN Mobility to deploy 10,000 electric two-wheelers with swappable battery technology.

Sun Mobility

Maini is known for launching India's first electric car, the Reva, after founding Reva Electric Car Company in 1996

It has already commenced MaaS deployment for goods delivery in Delhi NCR, Bengaluru and Chandigarh; plans to expand to other cities soon

BS Yediyurappa, SUN Mobility EVs

SUN Mobility said it plans to set up 100 battery swapping stations for electric vehicles (EVs) in Bengaluru by the end of 2021

Chetan Maini

In a Q&A, Chetan Maini, reiterates the need for uniform GST in the EV space; he's bullsih on two- and three-wheeler demand coming from delivery-based companies

It is reinventing the way batteries are distributed and energy is stored

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

Closing Bell on Thursday, September 21: The broad-based selling was led by public sector banks with the Nifty PSU Bank index sliding 2.3 per cent

bear market, sensex, nifty, loss, growth, investment

Tensions have been high since Canadian PM Trudeau on Monday alleged that the Indian government was behind the fatal shooting of Hardeep Singh Nijjar

visa, Canada

As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range

US Federal Reserve

Stocks held by Canada Pension Plan Investment Board (CPPIB), which is among the biggest FPIs investing in the domestic market, have come under pressure since developments on the India-Canada tensions

India-Canada tensions: Multi-billion economic deals at risk if rift widens

India-Canada

MeitY officials have already conducted meetings with consumer protection groups who have pushed for immediate enactment of the Privacy Act

Data protection

Vice President and Rajya Sabha Chairman Jagdeep Dhankhar, Prime Minister Narendra Modi and Lok Sabha Speaker Om Birla will lead a function in the Central Hall of Parliament on Tuesday to commemorate the country's rich parliamentary legacy and resolve to make Bharat a developed nation by 2047.
The function will also see addresses by veteran parliamentarians as also Parliamentary Affairs Minister Pralhad Joshi, Leader of the House in Rajya Sabha Piyush Goyal, Leader of the Opposition in the Upper House Mallikarjun Kharge, and Congress leader in Lok Sabha Adhir Ranjan Chowdhury.
Veteran parliamentarians who have been approached include senior-most Lok Sabha MP Maneka Gandhi, former prime minister and senior-most Rajya Sabha member Manmohan Singh and Shibu Soren who has been a member of both the Houses.
The nearly one-and-a-half hour function will start and end with the national anthem and would be followed by the top leaders leading all MPs to the new Parliament building.
Before the .

Parliament

Banks' credit exposure to non-banking financial companies rose 23.6 per cent on-year to Rs 13.8 lakh crore in July, pushing up their overall share to 9.3 per cent during the month, an analysis of the RBI's monthly data by a ratings agency showed.
The month also saw lower borrowings from international markets due to the prevailing elevated global interest rates following tightening of monetary policies by global central banks, according to a note by Care Edge.
There has been a consistent upward trend in bank credit to NBFCs in the second half of FY22, coinciding with the phased reopening of the economy after the pandemic. The growth momentum further accelerated during FY23 and in the first quarter of FY24.
However, NBFCs' overall borrowings on a month-on-month basis declined 3.3 per cent, primarily due to the merger of HDFC with its subsidiary HDFC Bank from July 1, Care Edge said.
Mutual funds' debt exposure to NBFCs, including Commercial Papers (CPs) and corporate debt, jumped 60.

NBFC

The meeting was held in the evening after the Lok Sabha and Rajya Sabha were adjourned for the day. The two Houses will hold their sittings in the new Parliament building on Tuesday

PM Modi, Narendra Modi

Most of us try not to think about garbage, even though it's in your face in any Indian city. Journalist Oliver Franklin-Wallis's eloquently written book is a wake-up call for our indifference

book

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

Canada said it was expelling a top Indian diplomat Monday as it investigates what Prime Minister Justin Trudeau called credible allegations that India's government may have had links to the assassination in Canada of a Sikh activist.
Trudeau said in Parliament that Canadian intelligence agencies have been looking into the allegations after Sikh leader Hardeep Singh Nijjar, a strong supporter of an independent Sikh homeland known as Khalistan, was gunned down on June 18 outside a Sikh cultural centre in Surrey, British Columbia.
Trudeau told Parliament that he brought up the slaying with Indian Prime Minister Narendra Modi at the G-20 last week, that he told Modi that any Indian government involvement would be unacceptable and that he asked for cooperation in the investigation.
Canadian Foreign Minister Mlanie Joly said the head of Indian intelligence in Canada has been expelled as a consequence. "If proven true this would be a great violation of our sovereignty and of the most basic

Hardeep Singh Nijjar

During the reported month, deposits remitted declined to $50.12 million from $227.23 million in June

Reserve Bank of India, RBI

Andre Eckholt, managing director of Hettich India, SAARC, Middle East, spoke with Business Standard about the company's experiences and expansion plans in Indore and Madhya Pradesh

Hettich invests Rs 600 crore in Madhya Pradesh, opens manufacturing plant

Hettich

The company's revenue from operations reached Rs 100 cr in 2022-23 compared to just Rs 2.3 crore in 2021-22 and the firm said it has become PAT positive

Infinity Learn

The home-grown fast-moving consumer goods major also anticipates a good festival season to aid its growth in the December quarter

Dabur

The funds from this round will be utilised to forge partnerships with creators, develop innovative tools across AI and AR (augmented reality)

Sourabh Pandey

The inspection was a routine current Good Manufacturing Practices (cGMP) inspection and a Pre-Approval Inspection (PAI) for a site transfer product within InvaGen

Cipla plans acquisitions to take top spot in South Africa drug market

Heatmap

Sun Mobility

SUN Mobility to power 50k e two-wheelers of Zomato's fleet over next 2 yrs

Hero Electric, SUN Mobility to deploy 10k e-bikes with swappable battery

Chetan Maini's SUN Mobility raises $50 mn from Dutch energy giant Vitol

Sun Mobility starts new service, aims to onboard a million vehicles by 2025

SUN Mobility aims to set up 100 battery swapping stations in Bengaluru

We want a million vehicles on our platform in 3-5 yrs: SUN Mobility's Maini

Sun Mobility eyeing bigger play in sustainable transportation solution