Hyundai Nexo fuel cell EV sales begin globally
Posted on 30th March 2018 |
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| Hyundai Motor Company has begun the global sales of its Nexo fuel cell electric vehicle, starting from South Korea. Prior to retail sales commencing, the Hyundai Nexo had been met with considerable public interest, with a total of 1,061 vehicles being ordered throughout the pre-order period between March 19-26, 2018. “We are witnessing a historic day as fuel cell technology is being commercialised in large quantities. With this positive beginning, we will continue our efforts in overseas markets to support fostering the newly developing fuel cell vehicle market,” said Byung Kwon Rhim, executive vice-president of Hyundai Motor Company in charge of Global Operations Division. To start with, Hyundai delivered the vehicles to both local governments of the city of Ulsan and Gwangju in Korea. Hyundai Motor also introduced new measures to encourage the further spread of fuel cell electric vehicles, such as a 10-year, 160,000km warranty for fuel cell components to reassure customers of the durability and reliability of fuel cell electric vehicles sold in Korea. Furthermore, Hyundai announced it has secured personnel and equipment to service Hyundai Nexo vehicles in all of its 22 service networks in Korea. Apart from the Nexo, the company has been focusing in ‘cleaner’ vehicles, including the Ioniq, the world’s first model with three electrified powertrains in a single body type. The company had, in February, displayed the Nexo at the India Korea Summit in New Delhi and had showed the vehicle to Prime Minister Narendra Modi. The company’s Indian arm, Hyundai Motor India Ltd, however, hasn’t made it public whether it will bring the Nexo to India or not. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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