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Li-ion battery recycling: booming market with a reverse logistics challenge
The increasing adoption of electric vehicles, the rising number of smartphones, laptops, and other consumer electronics, and the growing need for eco-friendly energy storage solutions have been driving the Lithium-ion (Li-ion) battery market in India. Estimated at $2.5 billion in 2023, it is expected to cross $5 billion in the next five years. The increasing … Read more
RBI retains India’s growth forecast at 6.5% amid global turbulence
The Indian economy is on a roll amid global turbulence, the Reserve Bank of India (RBI) said, retaining the growth forecast at 6.5% and inflation projection at 5.4% for the fiscal year. “In contrast with global trends, domestic economic activity exhibits resilience on the back of strong domestic demand,” RBI governor Shaktikanta Das asserted while … Read more
RBI sounds alarm bells over strong personal loan growth
The RBI is concerned about the strong growth in some personal loans and is watching out for any stress in that segment, asking banks, NBFCs and fintechs to strengthen their surveillance mechanisms. “Certain components of personal loans are recording very high growth… These are being closely monitored by RBI for any signs of incipient stress,” … Read more
IndiGo imposes Rs 300-Rs 1,000 ‘fuel charge’, others set to follow suit | India News
Domestic market leader IndiGo will levy a distance-based “fuel charge” ranging from Rs 300 to Rs 1,000 on all its flights due to increase in aviation turbine fuel (ATF) prices. This comes into effect from today. While comments were sought from other airlines, SpiceJet said it will levy a fuel charge without giving details. Other … Read more
Reliance showcases swappable, multipurpose EV batteries
Reliance in recent years has announced big ambitions in the renewable space. In continuation of the same, it has now showcased it’s swappable and multipurpose battery storage technology for electric vehicles (EVs). As part of the plan, RIL has developed a removable lithium-ion battery that can power an electric scooter, electric three-wheeler and a light … Read more
China’s economy stabilises, factory activity returns to expansion
China’s factory activity expanded for the first time in six months in September, an official survey showed on Saturday. file photo for representation China’s factory activity expanded for the first time in six months in September, an official survey showed on Saturday, adding to a run of indicators suggesting the world’s second-largest economy has begun … Read more