Electric truck push: Government offers up to Rs 9.6 lakh incentive per vehicle under PM E-DRIVE; SAIL to procure 150 e-trucks

The government introduces a scheme to promote electric trucks. It is under the PM E-DRIVE initiative. The scheme offers incentives up to Rs 9.6 lakh per vehicle. A total of Rs 500 crore is allocated for e-truck incentives. The aim is to support adoption of electric trucks in various industries. Scrapping old trucks is mandatory…

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EU sanctions hit Russia-backed Nayara hard! Indian refinery switches to local firm after Microsoft suspends services; here’s what’s happening

Hit by EU sanctions, the Russia-backed Nayara Energy refinery in India has switched to a local IT company after Microsoft discontinued its services. Nayara, partly owned by Rosneft, is challenging Microsoft’s decision in court, arguing the sanctions are affecting its operations and access to crucial data.

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Elon Musk buys Tesla shares worth $1 billion! Stock surges in pre-market trading; 2.5 million shares bought

Elon Musk bought Tesla shares worth $1 billion. This purchase occurred through a trust. Tesla shares saw a jump before trading began. This follows Tesla’s proposal for Musk’s pay package. Shareholders will vote on this package in November. The package could grant Musk shares based on performance. Tesla has faced challenges this year. The shareholder…

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