Latest news with #Vehicle
Time of India
6 hours ago
- Business
- Time of India
JSW Energy to bid for Raigarh Champa Rail Infra as NCLAT allows fresh bidding
National Company Law Appellate Tribunal quashed a Hyderabad bench NCLT order that denied permission to the lenders of debt-ridden Raigarh Champa Rail Infrastructure to start a fresh bidding process. This is a relief for JSW Energy , which had sought permission to participate in the insolvency resolution process of Raigarh Champa Rail Infrastructure, an ancillary company of KSK Mahanadi. JSW Energy had acquired KSK Mahanadi Power, a 3,600 MW thermal power plant in Chhattisgarh, for Rs 16,084 crore through the insolvency process, earlier in March this year. The Chennai-bench of the NCLAT said it saw no demerits in the decision of the lenders' body CoC to invite fresh Expression of Interest (EoI) by re-issuing fresh Form G, inviting new prospective buyers as it "will certainly increase competition and in all likelihood, result in higher bids." ".... since, the EoI is proposed to be reopened for everybody and not for JSW alone, it is fair and transparent and not discriminatory and that since, existing PRAs (Prospective Resolution Applicants) are proposed to be retained with option given to them to participate in challenge mechanism, it is also fair to the existing Resolution Applicants," it said. The tribunal had said it is" proposed to be the Reserve Price, there cannot be any value erosion of the Corporate Debtor, if EoI process is reopened" over the bid submitted by Medha group, which was the highest and also approved earlier by RCRIPL lenders with 100 per cent votes. Five companies, including Adani Power, Jindal Power, Medha Servo Drives, Sherisha Technologies and Vedanta, had bid to acquire the special Purpose Vehicle (SPV) promoted by KSK group. Earlier, on April 3, 2025, the Hyderabad bench of the NCLT denied permission to the RP and the lenders' body Committee of Creditors (CoC) for issuance of a fresh Form G and invitation of EoI from new eligible Prospective Resolution Applicants, including JSW Energy. In the fresh bidding, the NCLT had directed to conduct the challenge mechanism amongst the bidders as earlier decided by the CoC. However, NCLAT said it sees no demerits in the proposal of the RP and decision of the CoC, as going by previous decisions, the lenders' body has the power to call for fresh Form G and permit other PRAs to participate even after submission of EoI. "The Impugned Order of April 3, 2025, is hereby quashed and as a consequence. The relief as sought for, by the Resolution Professional, to be permitted to issue fresh Form G and to invite Expression of Interest (EoI) from new and interested eligible Prospective Resolution Applicants is granted," said the NCLAT order passed on June 19, 2025 by a two member comprising Justice Sharad Kumar Sharma and Jatindranath Swain. Form G under IBC is an Invitation for Expression of Interest (EoI) and is published by the Resolution Professional (RP) to invite potential resolution applicants to submit their proposals for taking over a company undergoing CIRP. This was challenged before the appellate tribunal NCLAT, which on June 16 quashed the NCLT order.
Fox Sports
12 hours ago
- Fox Sports
Ex-Ohio State Football Player Kirk Barton Charged in Deadly Ohio Car Crash
Former Ohio State offensive lineman Kirk Barton is facing an aggravated vehicular manslaughter charge following a fatal crash early Saturday morning, according to multiple reports. Police in Dublin, Ohio, say Barton is suspected of speeding, although they haven't said how fast they suspect him of driving, when his truck hit a car at 2:56 a.m. ET. The driver of that car, 24-year-old Ethan Wence Perry, died at the scene, ESPN reported Saturday. Barton was driving a Ford F-150 Raptor pickup eastbound on U.S. 33 before he crashed into Perry's westbound Lexus on West Bridge Street, just west of Franklin Street, according to The Columbus Dispatch. Barton, 40, was hospitalized briefly with non-life-threatening injuries, according to police. He was later taken to Franklin County Jail, where he is facing the felony charge. Barton has a court hearing on June 23. Barton was an offensive lineman for Ohio State from 2003-2007 and started at right tackle for four seasons. In his final season with the Buckeyes in 2007, he was team captain for the 11-2 Big Ten championship-winning OSU team. Barton went on to play in the NFL, being drafted by the Chicago Bears in the seventh round of the 2008 NFL Draft. Barton has a history of traffic offenses dating back to his first year in the NFL, per The Columbus Dispatch's report, including speeding and suspicion of OVI (Operating a Vehicle Impaired). In all the speeding cases, Barton paid a fine. One OVI charge from 2010 was dismissed, and another from 2017 was pleaded down to reckless operation and failure to stop. He received another fine and a 180-day license suspension. This is a developing story. recommended Get more from College Football Follow your favorites to get information about games, news and more in this topic
The Print
3 days ago
- Automotive
- The Print
Gadkari inaugurates two vehicle scrapping facilities of Tata Motors
'These modern centres mark a progressive step under the National Vehicle Scrappage Policy, which empowers citizens to transition to cleaner, more fuel-efficient vehicles through structured incentives,' Gadkari said while inaugurating the facilities virtually. The state-of-the-art – Recycle with Respect – Registered Vehicle Scrapping Facilities (RVSFs) in Lucknow (Uttar Pradesh) and Raipur (Chhattisgarh) are designed to safely and responsibly dismantle end-of-life vehicles. They are equipped to handle passenger and commercial vehicles across all brands, including two- and three-wheelers, a press release said. Lucknow, Jun 18 (PTI) Union Minister of Road Transport and Highways Nitin Gadkari on Wednesday inaugurated two vehicle scrapping facilities of Tata Motors with a combined capacity of dismantling 40,000 end-of-life vehicles annually. 'These facilities will play a crucial role in the safe dismantling of unfit vehicles while enabling the recovery of valuable materials for scientific recycling. I commend Tata Motors for their steadfast commitment to sustainability and for establishing a nationwide RVSF infrastructure that aligns with global standards. Progressive initiatives like these are vital to building a robust ecosystem that makes vehicle scrappage accessible, efficient, and impactful across the country,' Gadkari said. The Raipur RVSF will be operated by Tata Motors' partner Raipur Green Energy Pvt Ltd and has a capacity to dismantle up to 25,000 vehicles per annum, while the Lucknow facility can scrap up to 15,000 vehicles annually and is operated by Moto Scrapland Pvt Ltd, the release said. In Lucknow, state transport minister Dayashankar Singh said, 'The launch of this advanced vehicle recycling facility will also create valuable employment opportunities and contribute to the economy of the state. We appreciate the efforts of Tata Motors and acknowledge all stakeholders involved in this project.' Girish Wagh, Executive Director, Tata Motors, said, 'Sustainability is not merely a commitment at Tata Motors, it is a foundational pillar shaping the future of mobility.' With this expansion, Tata Motors now operates 10 vehicle scrapping centres, including the ones in Jaipur, Bhubaneswar, Surat, Chandigarh, Delhi NCR, Pune, Guwahati, Raipur, Lucknow and Kolkata. PTI ABN HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Business Standard
5 days ago
- Business
- Business Standard
Stock Alert: Zee Entertainment, Hikal, NTPC, Biocon, Hyundai Motor India
Secutries in F&O Ban: Aditya Birla Fashion & Retail (ABFRL), Birla Soft, Central Depository Services (CDSL), Chambal Fertilisers & Chemicals, HUDCO, Indian Renewable Energy Development Agency (IREDA), Manapurram Finance, RBL Bank and Titagrah Rail Systems shares are banned from F&O trading on 17 June 2025. Stocks to Watch: Zee Entertainments board approved the proposal to raise Rs 2,237 crore from promoter entities via issuing 16.95 crore warrants at issue price of Rs 132 per share. The warrants are proposed to be allotted to Altillis Technologies and Sunbright Mauritius Investments. Biocons board approved the issuance of qualified institutional placement (QIP) of Rs 4,500 crore at floor price of Rs 340.20 per equity share. Hikal has successfully passed the Brazilian Health Regulatory Agencys (ANVISA) GMP audit for its manufacturing unit located at Jigani in Bengaluru, Karnataka. The inspection, carried out by ANVISA, Brazil GMP (good manufacturing practices), was for multiple APIs which occurred from April 14th to April 18th, 2025. Hyundai Motor India has successfully commenced production of Passenger Vehicle Engines at its manufacturing facility Talegaon Plant located at Plot No. A-16, MIDC, Talegaon Industrial Area, Phase-II Expansion, Pune, Maharashtra, with effect from 16 June 2025. NTPCs board has scheduled a meeting on 21 June 2025, to consider the issuance of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (bonds/NCDs) aggregating upto Rs 18,000 crore, subject to approval of shareholders.
India Gazette
13-06-2025
- Automotive
- India Gazette
DGT and Shell India jointly launch Green Skills-focused EV training program to empower youth
New Delhi [India], June 13 (ANI): The Directorate General of Training (DGT), under the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Shell India, launched a Green Skills and Electric Vehicles (EV) training program aimed at equipping students and faculty with future-ready capabilities in green energy and e-mobility. This initiative will be implemented by Edunet Foundation, training partner of Shell, across select Industrial Training Institutes (ITIs) and National Skill Training Institutes (NSTIs) in Delhi-NCR, Gujarat, Maharashtra, Tamil Nadu, and Karnataka on 12th June 2025, according to the Ministry of Skill Development and Entrepreneurship. Under the DGT-Shell India collaboration, green skill training will be delivered through a structured multi-tier model across select NSTIs and ITIs. In the first phase, the program includes a 240-hour advanced EV Technician course at 4 NSTIs, a 90-hour job-oriented EV skills course at 12 ITIs equipped with Shell-supported labs, and a 50-hour foundational green skills module at additional ITIs without physical labs. The curriculum, jointly developed by Shell, Edunet Foundation, and DGT, covers EV systems, diagnostics, battery technology, digital tools, and safety protocols. The initiative also includes Training of Trainers (ToT) for over 250 instructors, certification co-branded by Shell and DGT, and structured placement support to enhance industry readiness. A key highlight of the initiative is the establishment of specialised EV skill labs within select ITIs and NSTIs. These labs are designed to offer hands-on training and expert-led sessions aligned with industry standards. Beyond lab-based learning, the program also provides placement support and co-branded certifications to successful participants, enhancing their employability in the green energy and EV sectors. The Government of India has been actively advancing Green Energy and Electric Vehicle (EV) adoption in line with its net-zero ambitions. Flagship initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme have played a pivotal role in accelerating EV uptake, enhancing infrastructure, and offering targeted incentives. Complementing these national efforts, states like Delhi, Maharashtra, and Tamil Nadu have introduced their own EV policies to fast-track the transition to electric mobility, foster local ecosystems, and generate green jobs. These developments underscore the growing demand for a skilled workforce in the green energy and EV sectors. As the apex national body for vocational training, DGT will play a crucial role in this initiative by mobilizing students and trainers and supporting the institutional ecosystem to ensure alignment with national education and skill development standards. Speaking on the importance of this initiative, Minister of State (Independent Charge), MSDE and Minister of State for Education, Jayant Chaudhary said, 'Our collaboration with Shell India reflects the government's deeper commitment to aligning skilling with sustainability. Green energy, electric mobility, and the broader climate transition are not just environmental imperatives--they represent a generational opportunity for India to lead through innovation, talent, and enterprise. This initiative is part of our larger vision to create a workforce that is not only job-ready, but climate-ready. We are equipping young Indians with the skills to shape--and not just participate in--the global green economy.' Director General, Directorate General of Training (DGT), MSDE, Trishaljit Sethi, stated, 'This partnership with Shell India is a focused step in bringing cutting-edge training infrastructure and industry-relevant curriculum into our ITIs and NSTIs. By integrating electric vehicle technologies into vocational training, we are ensuring that our students gain hands-on experience that is aligned with real-world demand. With joint certification, trainer upskilling, and placement support built into the program, this initiative will significantly strengthen the employability of our youth in the green mobility sector.' Speaking on the partnership, Chairperson, Shell Group of Companies in India & Senior Vice President, Shell Lubricants, Asia-Pacific, Mansi Madan Tripathy said, 'At Shell, we aim to support local communities by enabling future employment opportunities. Equipping youth with green energy skills is an important step towards building a lower-carbon future. Through our collaboration with DGT and Edunet Foundation, we are providing students with practical and future-ready expertise in green energy and electric mobility. This initiative empowers young people to thrive in an evolving energy landscape and contribute towards India's net-zero ambitions'. This collaboration between DGT and Shell India is a robust move in preparing India's youth for careers in the future green economy. By offering a comprehensive curriculum, specialized labs, and industry support, the initiative will equip students with hands-on skills and certifications, enhancing their employability and positioning them to lead in a sustainable, innovation-driven future. (ANI)
