Business News

T20 WC: Cricket legends congratulate Ro & Co

Business News - June 30, 2024 - 12:50am
The cricket fraternity congratulated team India for securing the T20 World Cup after a long wait of over a decade on Sunday. From Anil Kumble to VVS Laxman and Yuvraj Singh, all took to social media platform X and expressed their joy, calling Rohit Sharma & Co as 'champions'.India clinched an unbelievable victory against South Africa. At a point when Axar Patel's expensive 15th over almost snatched the game from India's hands, the brilliance from India's pacers revived everyone's hopes. Moreover, Suryakumar Yadav's outstanding catch was the cherry on the top. Here's what the legends of cricket saidLegendary cricketer Sachin Tendulkar also congratulated Team India.— sachin_rt (@sachin_rt) Ashwin posted: "We are champions!"— ashwinravi99 (@ashwinravi99) Anil Kumble said, "Congratulations team India! Wonderful victory."— anilkumble1074 (@anilkumble1074) "Yeh mera India (This is my India),"said former spinner Harbhajan Singh.— harbhajan_singh (@harbhajan_singh) Yuvraj Singh is all praises for Hardik Pandya and Jasprit Bumrah.— YUVSTRONG12 (@YUVSTRONG12)
Categories: Business News

Ravi Agarwal appointed CBDT chairman

Business News - June 29, 2024 - 8:50pm
The centre on Saturday appointed Ravi Agarwal, a 1988 batch Indian Revenue Service (IRS) officer from the income tax cadre as the new chairman of the Central Board of Direct Taxes (CBDT).Ravi Agarwal has been serving as a member, CBDT (Administration) since, July 2023.According to the order issued by the Appointments Committee of the Cabinet on Saturday Ravi Agrawal, will be chairman of the CBDT, effective, July 1 up to the date of his superannuation on September 30.After that he would be re-appointed on contract basis upto June 30, 2025, on usual terms and conditions applicable to re-employed Central Government officers, He will succeed Nitin Gupta, 1986 batch IRS officer(IT).Gupta was appointed the CBDT head in June, 2022 . He retired on September 30, 2023 and was reappointed by the government till June 30,2024.
Categories: Business News

Ola says okay with tapering off subsidies

Business News - June 29, 2024 - 7:32pm
Ola Electric is working on building solid-state batteries, the chief executive officer of the SoftBank Group-backed electric scooter maker said on Saturday.Ola CEO Bhavish Aggarwal said the company is in very early stages of experimentation on solid state batteries. Solid-state batteries hold the promise of more energy storage, longer driving ranges and faster charging for next-generation electric vehicles. Several companies around the world are working to develop these kind of batteries. Japan's Toyota Motor earlier this year said that within a couple of years it will launch vehicles with solid-state batteries that charge faster and last longer.Nissan plans to launch an EV a pure solid-state battery developed in-house by its fiscal year 2028.Honda plans to launch a solid-state battery test line in 2024, aiming to use the batteries in models in the latter part of this decade. It also invested in SES AI to jointly develop semi-solid state batteries.China's CATL, one of the world's biggest battery producers, last year unveiled a condensed matter battery, a type of semi-solid-state battery it said could supply enough energy to power electric passenger aircraft. It had said it could start mass production of the batteries for EVs later in 2023, though hasn't provided an update on this.Chinese EV maker Nio has commercialized 150 kilowatt hour (kWh) semi-solid-state batteries for its EVs, manufactured by Beijing Welion New Energy, which have a range of up to 1,000 km. Nio sells EVs in China and Europe and operates a battery-swapping service for its vehicles.'Okay with FAME reduction'Meanwhile, Aggarwal said that his company is okay with government tapering off FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) subsidies in order to focus on the PLI (Production Linked Incentive) schemes. The Center is expected to come out with FAME 3 during the ongoing budget session. Electric two, three, and four-wheelers are expected to be supported under the FAME scheme, which could receive a budgetary allocation of about Rs 10,000 crore, people familiar with the deliberations told ET earlier.With Inputs from Reuters
Categories: Business News

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