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Electric bus makers will have to invest Rs 1 lakh crore over the next five years to meet the states' demand for the eco-friendly vehicles, Switch Mobility Ltd. Chief Executive Officer Mahesh Babu said. "Nearly 10,000 buses need to be deployed every year. That would mean a capital investment of 18,000-20,000 crore rupees every year in this segment," the CEO of the electric vehicle arm of Ashok Leyland Ltd. told BQ Prime.
The Union government will give an additional Rs 2,000 crore to states under the Special Assistance for Capital Investment scheme to incentivise them to scrap old vehicles and also provide tax concessions to individuals for it.
Tungsten West (LON: TUN) has updated its feasibility study for the Hemerdon tungsten and tin mine and it shows a post-tax NPV of £297m. There is a 27 year mine life. Remaining capital investment requirement for the project is £31.1m. The share price jumped 12.7% to 15.5p. Intelligent Ultrasound (LON: IUG) 2022 revenues will be […]
The Dyers’ Company has launched a new Seed Capital Investment Fund designed to support innovation in, and the commercialisation of, business ideas with a link to colour or colouration.
The US economy grew 2.1% in 2022, down from 5.9% in 2021 and -2.8% in 2020. Private consumption (+2.8%), capital investment (+3.8%), and trade all grew faster than the overall economy, which is possible because imports out paced exports +8.1% to +7.2%. Only government spending fell short, at -0.6%. In seasonally adjusted and annualized terms,…