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 Hyundai plans to shift the production of its midsize sedan Verna to India from South Korea. The auto major aims to make the Chennai plant production hub for the Verna sedan. Apart from the domestic market, Hyundai India would export the car to overseas markets across the world and the shipping is expected to start from January 2018. Once the production of Hyundai is shifted to India, it will certainly be a big boost for the ambitious...

  • Posted on : Thursday , 7th September 2017
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 No new coal-based power plants will be allowed by the Centre, apart from the ones already under construction. This has been included in the national electricity plan.   According to a recent Greening the Grid report, 1,75,000 MW of renewable energy can be integrated into the grid by 2022, minimising the need for traditional sources of energy.   The installed power capacity is 3,30,153 MW, of which thermal power comprises...

  • Posted on : Monday , 4th September 2017
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 The government has named former bureaucrat Raj Kumar Singh as Minister of State (Independent Charge) of the ministry of power and new and renewable energy following the cabinet reshuffle on Sunday.   Former Power Minister Piyush Goyal, who has been elevated to cabinet rank and named as the new minister of railways, will retain the ministry of coal while Haribhai Pratibhai Choudhary has been named as Minister of State for coal....

  • Posted on : Monday , 4th September 2017
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 Rooftop solar energy company Amplus Energy Solutions Pvt. Ltd is in talks to raise as much as $100 million, said two people aware of the development.   “The company has been in talks with investors, both financial and strategic to raise around $50-100 million, which will help the company grow beyond its current portfolio of under 100 megawatts (MW) of distributed generation assets,” one of the two people cited above said...

  • Posted on : Monday , 4th September 2017
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 Newly-inducted power, new and renewable energy minister Raj Kumar Singh on Sunday said his ministry will attain its objectives on time and said he was certain to come up to the expectations of his leader.   “We have objectives. The ministry will attain its objectives on time. We have to electrify (the unelectrified villages) within a set time frame,” Singh said hours after taking oath of office and secrecy as Union...

  • Posted on : Monday , 4th September 2017
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