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Delhi govt, CESL sign pact for installation of EV charging stations

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Delhi govt, CESL sign pact for installation of EV charging stations

The Delhi government on Wednesday signed an agreement with CESL to install charging and battery replacement stations for electric two-wheelers, three-wheelers and four-wheelers at cluster bus stations of its Transport Ministry. Each charging and battery replacement facility will be installed in 14 locations. Each charging point will include six charging points, three for two- and three-wheelers and three for four-wheelers, he said.

According to a Memorandum of Understanding (MoU) signed by the Transport Department, Convergence Energy Services Limited (CESL) has agreed to procure, install, operate and maintain the charging units and related infrastructure at its own expense, according to a statement from the Transport Department. It said CESL will pay Delhi Transport Corporation (DTC) a monthly fee for location usage, allocating a rate of one rupee per kWh.

If the concessionaire requires more than 3 ECS (equivalent parking spaces), an additional Rs 2,000 per month will be levied per ECS. Initially, the contract period will be 10 years, it said. Under the MoU, CESL will begin work immediately and will complete the installation at all sites within the next four months.

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Conduct location assessment surveys at various DTC cluster bus stops at Rani Khera-I, Rani Khera-II, Rani Khera-III, Rajghat, Dilshad Garden, Seema Puri, Bawana Sec-1, Bawana Sec-5, Kanjhawala, Kair, Dichaon Kalan , Dwarka Sec-22, Rewla Khanpur and Chhatarpur have been jointly identified by the department and EESL for setting up the facility. The real-time status and availability of charging points will also be available on the ONE DELHI app once the installation work is complete.

Complete News Source : Money Control

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Stock market in red amid India’s diplomatic action against Pakistan

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Stock market in red amid India’s diplomatic action against Pakistan

The stock market opened in red on Thursday, with the Sensex trading below 187.91 points and the Nifty below 46.45 points. The 30-share Sensex rose by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. Eight of the 13 major sectors declined at the open, while the broader, more domestically focused small-caps and mid-caps traded flat.

Ajay Bagga, market expert, said that the overhang remains for the next 10 to 15 days, the time it took in the previous two instances from the terrorist strike to the retaliatory Uri and Balakot strikes. On Wednesday, stock markets extended their surge to the seventh day, with Sensex share jumping 520 points to close above 80,000 level for the first time in four months.

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The stock market closed in green for the 7th day on Wednesday, with the 30-share Sensex rising by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged by 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty rallied 161.70 points or 0.67 per cent to 24,328.95. HCL Tech surged the most by 7.72 per.

Cent after posting an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore. Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC, and UltraTech Cement were also among the laggards, according to PTI Both the Sensex and Nifty reversed their seven-day.

Uptrend and settled lower on Thursday, amid profit-taking and disappointing Q4 earnings of Hindustan Unilever. Selling in blue-chips ICICI Bank, Bharti Airtel, and a largely muted trend in Asian and European equities also dragged the markets down, PTI reported. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent, and the Nifty.

jumped 1,929.8 points or 8.61 per cent ​Indian stock markets experienced significant declines on April 25, 2025, amid escalating geopolitical tensions with Pakistan following a deadly militant attack in Pahalgam, Kashmir, which resulted in 26 civilian deaths. The BSE Sensex fell by 1,195 points during intraday trading, closing 570.8 points lower at 79,227, while the NSE.

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The market downturn was driven by widespread losses across sectors, with 12 out of 13 major indices ending in the red. Broader markets were also affected, as mid-cap and small-cap Nifty50 dropped 207.3 points to settle at 24,039 indices declined over 2%. Investor sentiment was further dampened by India’s strong diplomatic response to the attack, which included.

suspending the Indus Waters Treaty, closing the Attari border crossing, and revoking visa privileges for Pakistani nationals The Indian rupee weakened, closing 0.2% lower at 85.45 against the U.S. dollar, influenced by month-end dollar demand and increased geopolitical uncertainty. Bond yields also rose, reflecting heightened risk aversion among investors

Analysts caution that the ongoing tensions between India and Pakistan could continue to impact market stability. While a full-scale conflict is considered unlikely, the situation remains fluid, and investors are advised to monitor developments closely In Pakistan, the Karachi Stock Exchange’s KSE-100 index fell by 2.12%, or 2,485.85 points, as investors reacted to India’s.

The United Nations has urged both nations to exercise restraint and resolve their differences through peaceful dialogue diplomatic measures and the suspension of the Indus Waters Treaty Indian stock markets slipped into the red on April 25, 2025, following India’s strong diplomatic actions against Pakistan after a deadly terrorist attack in Kashmir. The BSE Sensex.

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