It's all Electric.
Hey !
The future seems all electric and today, we have some of the imp news/trends around India’s EV space.
#Insightoftheday
Why Tamil Nadu is becoming a hub of India’s Electric Vehicle revolution?
Tamil Nadu has an exclusive EV policy since 2019 that offers sops like 100% reimbursement of SGST till Dec 31, 2030, 15% capital subsidy & 100% electricity tax exemption till December 2025. It also provides a 20% capital subsidy for EV battery manufacturing till Dec 2022
#News
Hero Electric plans to set up 10,000 EV charging stations by 2022
Hero Electric is planning to expand its EV charging ecosystem by adding 10,000 new charging stations across the country. The charging stations will be set up in the next year.
China intensifies crackdown on crypto trading; Bitcoin, ether, dogecoin fall
Bitcoin price slipped in trade from highs seen in early Friday after China’s central bank said it would crack down on cryptocurrency trading, banning overseas exchanges from providing services to mainland investors.
Karnataka, home to India’s Silicon Valley, seeks to ban online gaming, worrying booming industry
The Indian state of Karnataka, home to India’s Silicon Valley, has proposed a ban on online games involving betting and wagering, sparking concerns that growing state regulations could hit the nascent but booming sector.
YouTube bets on paid subscription to channels for revenue
YouTube is encouraging content creators to generate revenue via paid subscriptions to their original content or even sale of merchandise on the site.
Cryptotech industry to reach $241 million in India by 2030: Nasscom
Cryptotech industry is expected to reach $241 million in India by 2030 and $2.3 billion by 2026 globally, according to a report by Nasscom titled ‘Crypto Industry in India’ in association with WazirX. The report suggests that several global banks have started buying crypto and a few across the US, Europe, and Asia are creating blockchain-based systems to enable B2B cryptocurrency payments between their customers.
55% of companies willing to engage overseas talent remotely: Report
55% of the companies that struggle to fill positions locally are willing to engage overseas talent remotely, according to the latest Workforce Insights Report.
Amazon assembles video streaming apps to fight with Netflix and Disney in India
India is the 12th market where Amazon has launched Prime Video Channels. Friday’s launch will likely be more beneficial to the third-party streaming services, all of which are struggling to make inroads in India, than Amazon itself.
Tata Motors electric car sales cross the 10,000 unit mark
Tata Motors has achieved a new milestone as electric vehicle sales cross the 10,000 unit mark. In FY2022, Tata Motors’ market share in the EV segment rose to over 70%. Sales crossed the 1,000 unit mark in August this year.
Indian govt, Amazon partner to ramp up startup innovation
The MeitY Startup Hub, an initiative of the Indian government’s Ministry of Electronics and IT has entered into a Memorandum of Understanding with Amazon Internet Services, according to a statement from the e-commerce giant on Friday.
Equinix to test 5G-edge use cases in partnership with Nokia
The new centre will use Nokia’s 5G network to test and validate 5G services and use cases. The lab will help Equinix test modern concepts by assessing, incubating and testing 5G and edge services.
Twitter appoints key officials in compliance with IT Rules: Govt to Delhi HC
A months-long bitter standoff between the centre and Twitter officially came to an end with the government formally informing a high court on Friday that the microblogging platform had appointed a chief compliance officer, nodal officer and resident grievance officer for India in compliance with the new social media rules.
Brace for higher LPG, petrol and diesel prices as crude oil prices rise to a 3-year high
Petrol and diesel prices could increase once again after cooling down for a few weeks, as crude oil prices rose for the fourth consecutive day to touch a 3-year high.India mostly imports Brent crude, so the record surge in its prices is very likely to have a direct impact on petrol and diesel prices in India.
IAF to get 56 Airbus C-295 aircraft in a ₹20,000 crore deal
The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.
Digital airspace map for drone operations released, demarcates zones for flying
Ministry of Civil Aviation has released an interactive digital airspace map for flying drone.
New semiconductor plants will end global auto chip shortage next year: Elon Musk
Tesla Inc CEO Elon Musk said on Friday that thanks to new semiconductor plants that are planned or under construction, the global chip shortage that has pummelled the car industry this year should be short term in nature.
Google launches new apps that allow Android users to control their phone without touching it
Google is introducing new features for Android devices which is aimed at providing easier access to people with speech or physical disabilities.
World’s highest electric vehicle charging station inaugurated in Himachal Pradesh’s Kaza
In a bid to promote a sustainable environment, the world’s highest electric vehicle charging station was inaugurated in Kaza of Lahaul and Spiti district in Himachal Pradesh on Thursday.