Tuesday, October 13
With three metros opting out of the PM e-DRIVE scheme, the Centre may subsidise nearly 4,000 electric buses (e-buses) for use on interstate or intracity routes, a senior official said.The heavy industries ministry received requests for around 10,900 e-buses under PM e-DRIVE, lower than the target of 14,028 e-buses. These buses are meant for large cities to improve their internal public transportation networks."Chennai, Mumbai, and Kolkata have refused to participate for their own reasons," the official told ET, adding that the remaining around 4,000 buses can be considered for intercity, or interstate uses if the Centre doesn't get additional demand from more cities.121398757Both Chennai and Mumbai are said to be planning their own e-bus procurement schemes. Also, the West Bengal governmen
Shares of Reliance Power have witnessed a sharp rally in the last six trading sessions, surging 22.2% to Monday’s high of Rs 55.10 on the BSE. The stock faced some profit booking at those higher levels and tumbled to trade 1.4% lower at Rs 51.19 around 11:30 am.Reliance Power witnessed strong volumes with a total traded quantity of 234.29 lakh shares, with a turnover of Rs 123.66 crore. The company’s total market capitalisation stood at Rs 20,562.87 crore.Earlier this month, the company reported its Q4 FY25 results, which were well-received by investors. It posted a consolidated net profit of Rs 126 crore for the January–March quarter, compared to a net loss of Rs 397.56 crore in the same period last year. This was driven by a sharp decline in expenses.On the fundamental side, Relian
The wait for temporary US visas for soon-to-be-born babies of expectant Indian moms has just gotten longer, immigration lawyers told ET.The challenge to the Presidential executive order on birthright citizenship is still awaiting a decision in the Supreme Court of the US (SCOTUS).Trump's executive order puts the US citizenship of unborn children of foreign nationals including Indians on temporary visa in limbo. This has caused much anxiety among the expecting Indian parents as they throng immigration attorney offices to seek further counsel. While some are even considering shifting to those states that do not recognize the Trump order as of now, an attorney, who did not wish to be identified, told ET."The scenario for Indian nationals on temporary visas expecting children in the US is quit
