Tata Nexon EV crosses 2K sales milestone
Mumbai: Tata Motors on Thursday said its electric vehicle Nexon has surpassed the 2,000 sales milestone. According to the company, in over 10 months since the launch, the sales of the Nexon EV reached 2,200 units as of November 2020, indicating the rapid demand for the EVs in the personal car segment. “This growing demand is on the back of increased awareness, growing charging infrastructure, encouraging government incentives, breaking myths that surrounds EVs, and most importantly, the undisputed benefits that it offers i.e. lower operating cost,” said Shailesh Chandra, President - Passenger Vehicle Business Unit, Tata Motors.
GM NORTHERN RAILWAY HOLDS PERFORMANCE REVIEW MEETING
Ashutosh Gangal, General Manager Northern Railway held a performance review meeting with the departmental heads of Northern Railway through video conferencing from Baroda House, NR headquarter office in New Delhi today. The focus of the meeting was on safety and Infrastructure work. He informed that Northern Railway, Pioneer in zonal railways, has achieved another milestone in freight loading by carrying highest incremental loading amongst all Zonal Railways. Northern Railway carried 39.50 Million tomes freight upto November,2020 which is 21.73% higher as compared to previous year.
Ashutosh Gangal General Manager, Northern Railway further added that Northern Railway stands firmly on number one position in incremental loading and earning throughout the year over Indian Railways. He also instructed the department heads and DRMs,to maintain the punctuality at 95% and keep pace for freight loading with safety as priority.
Indian Gas Exchange gets authorisation from regulator
New Delhi: Country’s first automated delivery-based gas trading platform - Indian Gas Exchange (IGX) has secured its authorisation to operate as a Gas Exchange as per the provisions of the Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020 for a period of 25 years. The GER 2020 Regulations were notified by the PNGRB on September 28, 2020. IGX submitted its application for authorisation on October 8, 2020 in accordance with the prescription under the GER 2020 regulations. DK Sarraf, Chairperson Petroleum and Natural Gas Regulatory Board (PNGRB) said, “PNGRB is pleased to grant the necessary authorisation to the Indian Gas Exchange Limited basis its application dated October 7, 2020.
Flipkart announces PhonePe spin-off
Bengaluru: E-commerce marketplace Flipkart on Thursday announced a partial spin-off of digital payments platform PhonePe in a bid to help it access dedicated, long-term capital to fund its growth ambitions over the next three to four years. Flipkart said that PhonePe is raising $700 million in primary capital at a post-money valuation of $5.5 billion from existing Flipkart investors led by Walmart.The e-commerce marketplace will remain PhonePe’s majority shareholder. “This partial spin-off gives PhonePe access to dedicated long-term capital to pursue our vision of providing financial inclusion to a billion Indians,” Sameer Nigam, Founder and CEO at PhonePe, said in a statement.