
Tata Motors partners with Vertelo for leasing solutions for electric CVs
Tata Motors
on Thursday said it has partnered with
electric mobility solutions
provider, Vertelo for customised leasing solutions for electric commercial vehicles and to help fleet owners transition to
sustainable mobility
. The two companies have signed a Memorandum of Understanding (MoU) to offer attractive leasing solutions applicable to the entire Tata Motors electric commercial vehicle portfolio, Tata Motors said in a statement.
This partnership with Vertelo marks a significant milestone in the journey to democratise electric mobility, ensuring that accessibility to sustainable transportation solutions is extended to all customers, enabling broader access to the company's advanced electric commercial vehicles.
Tata Motors Commercial Vehicles
, Vice President & Business Head - Trucks, Rajesh Kaul said.
"Through such collaborations, we are not just accelerating the adoption of sustainable transport solutions but also contributing to the development of a robust
EV ecosystem
in India," he added.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Here's A List Of Cheapest Steel Suppliers (See List)
Steel Suppliers | search ads
Search Now
Undo
Vertelo CEO Sandeep Gambhir said the partnership will accelerate EV adoption across a wide range of electric commercial vehicles including buses, trucks and mini-trucks.
"This partnership will facilitate bespoke leasing solutions and...creation of a sustainable ecosystem that makes electric mobility the natural choice for commercial fleet operators," he noted.
Live Events
Tata Motors offers
Tata Ace EV
in last-mile mobility and Tata Ultra and Tata Starbus range in mass-mobility solutions. It has also showcased
Tata Prima
E.55S, Tata Ultra E.12, Tata Magna EV bus, Tata Ultra EV 9 bus, Tata Intercity EV 2.0 bus, Tata Ace Pro EV and Tata Intra EV, catering to wide applications and customer requirements across product lines.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
36 minutes ago
- Time of India
UK eyes more high skilled Indian professionals through Global Talent visa
The United Kingdom is looking to deepen its scientific and academic relationship with India by inviting more high-skilled professionals through its Global Talent visa scheme, British Science Minister Lord Patrick Vallance said on June 20, while speaking at the 'Unlocking UK-India Collaboration for a New Era of Innovation' session at the India Global Forum in London, Vallance said India's growing strength in science and technology offers strong potential for bilateral cooperation. 'There is already a strong relationship between India and the UK, and I think it's growing,' Vallance said. 'But government-to-government relationships on science aren't actually what drives everything. It has to be a scientist and a scientist as well.' The UK government plans to announce a new Industrial Strategy in the coming weeks, which will outline key international partnerships, including India, with a focus on science, innovation, and skilled mobility. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Companies Are Overcharging You For Florida Auto Insurance Smart Lifestyle Trends Learn More Undo Global talent visa in focus (Join our ETNRI WhatsApp channel for all the latest updates) The UK's Global Talent visa aims to attract top-tier individuals from around the world who have demonstrated leadership—or the potential for it—in academia, research, arts, culture, or technology. Available to professionals aged 18 and above, it targets both established figures and emerging leaders in these fields. Live Events MORE STORIES FOR YOU ✕ UK's Farage promises non-doms protection from tax on overseas assets UK's Britannia Card: All about Nigel Farage's plans to charge rich expats £250,000 to give to the poor « Back to recommendation stories I don't want to see these stories because They are not relevant to me They disrupt the reading flow Others SUBMIT Applicants typically need to secure an endorsement from a relevant UK body—such as the Royal Society for Science or Arts Council England for culture—unless they've already won a qualifying international award. Candidates can apply for the visa through the UK Home Office . The endorsement stage generally takes 4 to 8 weeks for a decision. After receiving endorsement, applicants must submit a visa application to UK Visas and Immigration (UKVI). The standard visa processing time is around 3 weeks when applying from outside the UK. Applicants are required to pay an endorsement fee of £524 and a visa application fee of £192. Additionally, the immigration health surcharge is £624 per year. The visa is typically granted for up to 5 years and is extendable, with eligibility for permanent settlement after 3 to 5 years depending on the endorsement type. To bring flexibility and international expertise into the UK, the visa supports long-term settlement: individuals recognised as established leaders may qualify for indefinite leave after three years, while those with emerging promise have a five-year path to settlement. Family members can also be included in this program.


Time of India
38 minutes ago
- Time of India
Bitcoin falls below $99K amid Middle East tensions; Altcoins drop up to 4%
Bitcoin briefly slipped below the $99,000 mark early Monday, pressured by escalating tensions in the Middle East and broad risk-off sentiment across financial markets. As of 11:59 am IST, Bitcoin was down 1% at $101,913 after hitting an intraday low of $98,286. Ethereum dropped 2% to $2,246. The global crypto market cap fell 1.18% to $3.12 trillion, according to CoinMarketCap. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Building Automation Systems Software Cost Might Surprise you Automation Systems | Search Ads Undo Altcoins also declined sharply: XRP fell 3%, BNB 2%, Solana 1.5%, Tron 2%, Dogecoin 2%, Cardano 1.5%, while Sui, Stellar, Toncoin, and Shiba Inu lost between 1.5% and 4%. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -7.00% Buy NFT & Metaverse Tracker -12.87% Buy Web3 Tracker -13.29% Buy AI Tracker -13.56% Buy DeFi Tracker -14.53% Buy TOP COINS (₹) Solana 11,657 ( -0.24% ) Buy Bitcoin 8,843,545 ( -0.36% ) Buy Ethereum 195,976 ( -0.44% ) Buy BNB 54,142 ( -1.18% ) Buy XRP 176 ( -2.14% ) Buy The fall comes after the U.S. launched strikes on Iranian nuclear sites over the weekend, heightening fears of retaliation and energy supply disruption. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » 'Bitcoin briefly went below $99,000 in reaction to the escalation of the conflict between the US and Iran,' said Vikram Subburaj, CEO of Giottus Crypto Platform. 'If tensions escalate, Bitcoin could test $92,000, where it may find a local bottom.' Live Events CoinSwitch Markets Desk added that Bitcoin broke below the $100K mark over the weekend and took support near $98.2K. 'If the Strait of Hormuz is closed, Bitcoin could dip further. Key support lies in the $94K–$98K range. However, if the situation de-escalates, BTC's chart is forming an inverse head and shoulders pattern that could signal a move towards $135K.' Also Read: From thrill to trust: How Gen-Z is redefining crypto investing in India Investors are also watching the U.S. Federal Reserve closely amid concerns that rising oil prices could delay interest rate cuts. Fed Governor Christopher Waller recently backed a July cut, but most policymakers remain cautious, with a September move seen as more likely. Fed Chair Jerome Powell is set to testify this week. 'The geopolitical risks and a hawkish Fed are keeping market volatility elevated,' said Shivam Thakral, CEO of BuyUcoin. 'Bitcoin is holding above $100K, but the support is weak due to sustained selling pressure.' Despite the fall, some market participants see signs of accumulation. 'Bitcoin is on a recovery path, rebounding nearly 3% from weekend lows,' said Edul Patel, co-founder and CEO of Mudrex. 'On-chain data shows long-term holders stepping in while short-term sellers retreat — a pattern historically seen near market bottoms.' Sathvik Vishwanath, CEO of Unocoin, noted that Bitcoin dropped from $111.8K to ~$98.5K, wiping out $80 billion in market cap and triggering a liquidation of over $750 million in long positions. 'BTC has entered a demand zone near $98K. A daily close below $97.8K could extend losses to $92.5K. But a bounce above $101K may trigger a move towards $105K–$107.6K,' he said. Also Read: XRP could hit $5 by 2025, Solana eyes $300: Bitget analyst explains what's driving the rally


Time of India
an hour ago
- Time of India
Who will it affect? Oman to become 1st in GCC to introduce personal income tax by 2028, what to know
Oman will tax 5% on incomes above 42,000 Omani riyals (about 109,200 USD) starting in 2028/ Image (File) In a bold and historic move, Oman is poised to reshape its economic landscape by introducing a personal income tax on high earners starting in 2028. This landmark decision, the first of its kind among Gulf Cooperation Council (GCC) countries, signals more than just a new tax policy; it marks a strategic pivot towards economic diversification and fiscal sustainability. For decades, Oman's economy has relied heavily on oil revenues, a resource subject to global volatility and long-term decline. By broadening its revenue base through a carefully calibrated personal income tax, Oman aims to insulate itself from the unpredictable swings of the energy market and align with its long-term vision, Oman Vision 2040. This tax will target only high-income individuals, underscoring a progressive approach designed to protect the majority of its population while modestly contributing to the nation's future stability. New Personal Income Tax Law: Details and Rationale Under the Personal Income Tax Law issued by Royal Decree No. 56/2025, Oman will impose a 5% income tax on individuals earning above the 42,000 Omani riyal ($109,200) (Dh400,000) threshold per year, starting in January 2028. The primary goal is to diversify government income sources and reduce the Sultanate's dependence on oil revenue, a crucial step considering the fluctuations in global oil markets. Oman becomes the first GCC country to introduce a personal income tax, setting a precedent in a region where most nations have historically relied on oil revenues and indirect taxes such as VAT or corporate tax. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Hae lainaa tänään – Netissä Resurs Bankista Resurs Bank Lue lisää Karima Mubarak Al Saadi, the director of the Personal Income Tax Project, told the Omani News Agency that: 'All necessary preparations and requirements for implementing the tax have been completed.' This reassurance indicates that Oman's government is well-prepared for a smooth transition toward the new tax regime. Exemptions and Social Considerations The law has been designed with social sensitivities in mind. There are several deductions and exemptions to cushion the impact on residents, including: Education expenses Healthcare costs Inheritance Zakat (charitable giving) Donations Primary housing These provisions highlight Oman's effort to balance fiscal reform with social welfare, ensuring the tax does not disproportionately burden low- and middle-income residents. Impact on the Population A thorough study preceded the tax's introduction, carefully analyzing the exemption threshold. Findings reveal that approximately 99% of Oman's population will not be subject to this tax, underscoring the government's intention to tax only high earners. Thomas Vanhee, founder partner of Aurifer Middle East Tax Consultancy, told media outlets that: 'Oman is now the first GCC country to legislate a personal income tax regime, distinguishing itself from other Gulf jurisdictions (e.g., UAE, Qatar, KSA) that still do not levy personal income tax. This could reflect IMF-driven diversification strategies, aligning with Oman Vision 2040 and reducing reliance on hydrocarbons.' Vanhee also emphasized the progressive nature of the law: 'The 42,000 Omani riyal annual threshold indicates a progressive policy intent , safeguarding low- and middle-income residents while modestly taxing higher-income earners.' He added: 'At five per cent, the personal income tax rate is conservative by global standards," he said, adding that there is still ample time to prepare until 2028 when the legislation will start applying. Regional Context: Oman's Distinctive Move While the UAE and other Gulf states have introduced value-added tax (VAT) and corporate income tax, personal income tax has remained largely off the table. The UAE, for instance, has imposed taxes on tobacco and carbonated drinks to encourage healthier lifestyles but has refrained from taxing personal income. Oman's decision to introduce a personal income tax sets it apart from its neighbors and underscores the depth of its commitment to long-term economic reform. The tax is a clear signal that Oman is ready to embrace tougher fiscal policies to ensure economic resilience beyond oil. What Lies Ahead With the implementation date set for 2028, Oman's government and residents have time to prepare for the new tax environment. The phased timeline allows for comprehensive awareness campaigns, systems upgrades, and clear guidelines to ensure compliance and minimize disruption. This move aligns with the Sultanate's broader Oman Vision 2040, which emphasizes economic diversification, sustainability, and development of non-oil sectors.