has bagged more than 50 per cent of the total quantum of airwaves sold by paying Rs 57,122.65 crore. Of the 855.6 megahertz of spectrum sold, Jio has got 488 megahertz. The company spent more than 60 per cent of this amount on buying spectrum in the 800 Mhz band — the next best bet after the most expensive 700 Mhz band which went unsold once more. Read more
India woos Tesla with offer of cheaper production costs than China
India is ready to offer incentives to ensure Tesla
Inc's cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian country, transport minister Nitin Gadkari told Reuters. Gadkari's pitch comes weeks after billionaire Elon Musk's Tesla
registered a company in India in a step towards entering the country, possibly as soon as mid-2021. Read more
$31 billion lined up for 400 port projects across 7,500-km coastline: PM
India will invest $82 billion (or Rs 6 trillion) in port projects
by 2035, raise the share of clean renewable energy source in the maritime sector, develop waterways, augment seaplane services, boost tourism around lighthouses, and generate 2 million jobs, Prime Minister Narendra Modi said on Tuesday. Read more
Suzuki Motor charges up for EVs, spells out strategy for the first time
Last week, Suzuki Motor Corp (SMC) in an investor presentation expressed strong intent to enter the electric vehicle (EV) space. This is part of a larger strategy the Hamamatsu-based firm has drawn up in developing electrification of technologies as it seeks to achieve carbon neutrality.
The significance of this presentation is that it marked the first time that the Japanese carmaker spelt out its EV strategy with well-defined timelines. Read more
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