Australia and New Zealand Banking Group ANZ.AX has set up a $711-million lending facility for a joint venture between Hyundai Motor 005380.KS and LG Energy Solution 373220.KS that makes batteries for electric vehicles (EV) in Indonesia. ANZ said on Friday the lending facility for the joint venture HLI Green Power is a 10-year Korea Trade […]
Ola partners with Siemens for its EV Manufacturing Facility
Ola partners with Siemens for Rs 2,400 crore EV manufacturing facility As part of the partnership, Ola will have access to Siemens’ integrated ‘Digital Twin’ design and manufacturing solutions to digitalise and validate product and production ahead of actual operations, it added New Delhi: Ride-hailing major Ola on Wednesday said it has partnered with Siemens […]
Govt hikes excise duty on petrol, diesel to garner Rs 1.6 lakh crore
Retail prices of petrol and diesel will not be impacted by the tax changes as state-owned oil firms will adjust them against the recent fall in oil prices, industry officials said. New Delhi: The government on Tuesday evening hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre […]
