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Baystreet
15h
3
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Xpeng Gains on ’26 EV Delivery Target
- Xpeng AeroHT, an affilaite of Xpeng (NYSE:XPEV), aims to deliver its flying car to customers in 2026.
- The flying car, called the Land Aircraft Carrier, can detach from a truck and people can fly the electric drone inside.
- Xpeng hopes to create flying parks and zones in scenic areas where people can enjoy flying without complicated approvals.
- The delivery timeline of the flying car has been slightly delayed to 2026, as it is undergoing certification with the Chinese aviation regulator.
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TechBullion
15h
0
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Understanding the Key Differences among AC and DC EV Chargers: How They Stand Out
- AC and DC chargers are two different methods of getting an EV’s battery back, and each of the methods has its unique features and applications.
- AC chargers are quite popular in residential and commercial setups, and DC chargers are preferred in situations where speed matters, such as highway charging stations.
- AC chargers are generally cheaper to install and maintain than DC chargers and have a universal nature that allows them to be used for a wide range of electric vehicles.
- Level 1 AC chargers are ideal for overnight charging at home while Level 2 chargers operate faster and are more suited to charging at workplaces, parking areas and public charging locations.
- DC chargers or level 3 chargers supply the direct current directly to the EV’s battery without the need for onboard conversion. This approach, therefore, removes the need for the car’s systems to convert the AC that is received from the grid, thereby boosting efficiency.
- DC chargers output enormous power which makes the EV’s batteries recharged rapidly, therefore, making DC chargers significantly quicker, and in some cases, they are essential for long-distance travel or in the instances where quick top-ups are needed.
- DC chargers can supply much higher power levels than AC chargers, which makes charging more convenient for drivers, especially for long-distance travel or quick top-ups during the day.
- DC chargers need specialized infrastructure that can handle the high power needs, which implies the need for specialized setups and often involves higher installation fees.
- The AC chargers use existing electrical infrastructure which makes them economical and convenient for deployment. In contrast, DC chargers are more accessible or require less specialized infrastructure but at the expense of higher installation costs and logistical challenges.
- AC chargers are more common among EVs than DC chargers and are more ideal for situations where a large chunk of time is available for charging, like when charging at home or the office.
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HinduBusinessLine
16h
58
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Soaring copper prices likely to come under pressure on sluggish Chinese property sector
- Copper prices are likely to come under pressure due to sluggish Chinese property sector and higher inventories.
- Chilean Copper Commission forecasts a supply deficit of 364,000 tonnes compared to demand for this year, raising copper price forecast.
- Analysts predict a downward correction in copper prices due to prolonged crisis in China's property market and high refined copper output.
- Factors such as rising consumption from grid infrastructure and clean energy, global demand increase, and US monetary policy will affect copper prices.
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Crypto-News-Flash
16h
7
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Are ETFSwap (ETFS), Blockdag (DAG), And DTX Exchange The Top Crypto Presales Of 2024?
- ETFSwap (ETFS) has emerged as the top-performing and most promising crypto presale of 2024, surpassing BlockDAG (DAG) and DTX Exchange.
- ETFSwap offers unique value propositions, including access to tokenized real-world assets, seamless swaps between cryptocurrencies and institutional ETFs, up to 10x leverage, and passive income opportunities.
- Over 75 million tokens have already been sold in ETFSwap's presale, with expected profits to increase 100x. Experts believe it holds the potential to reach between $1-$3 upon listing.
- While BlockDAG (DAG) and DTX Exchange have their own attractive features, they fall behind ETFSwap in terms of value proposition and investor interest.
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Crypto-News-Flash
16h
146
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The BEFE Coin Quest: $100 to $300K Adventure
- BEFE coin is expected to have a big bullish run, potentially going over 30,000% before the year ends.
- Investors have the opportunity to turn a $100 investment into a profit as high as $300,000.
- The BEFE coin has enjoyed positive sentiment due to features like a no-presale price launch.
- BEFE is still in its early stages and could see significant growth in the coming weeks.
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Guardian
16h
69
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Train operator Lumo plans new direct service from Greater Manchester to London
- Transport group FirstGroup's Lumo brand plans to launch a direct train service between Greater Manchester and London.
- The service, if approved, will operate six return trains per day from London Euston to Rochdale, restoring a direct link lost in 2000.
- Lumo aims to offer competitive fares and will use new UK-built trains powered by electricity and batteries.
- The application for the second route to Rochdale has been submitted to the rail regulator, the Office of Rail and Road.
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HinduBusinessLine
16h
271
Image Credit: HinduBusinessLine
India’s poultry exports up at record $184 million on demand from West Asia, Lanka
- India's poultry exports have reached a record of $184 million due to demand from West Asia and Sri Lanka.
- Factors such as the Ukraine crisis and the earthquake in Turkey impacted production and shipments to West Asia, contributing to increased exports from India.
- However, Indian poultry products are finding it tough to compete in overseas markets as prices have risen and other origins such as Turkey and Iran offer lower prices.
- Poultry exporters are seeking government incentives and support to sustain growth and explore new markets in countries like Russia, Indonesia, and Malaysia.
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HinduBusinessLine
16h
216
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India’s increased trade with Russia not temporary: Jaishankar
- India's increased trade with Russia is not temporary, according to External Affairs Minister Jaishankar.
- Russia has become India's second largest import source in 2023-24, with imports increasing by 32.93% to $61.43 billion.
- India aims to access global resources to fuel its growth, with partnerships with countries like Australia and Latin America.
- India plans to re-engineer the logistical map of the world through projects such as the India-Middle East-Europe Economic Corridor.
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Guardian
16h
308
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Ofgem energy price cap will fall to £1,574 a year this summer, say analysts
- Energy bills in Great Britain are expected to fall by 7% this summer, equivalent to more than £100 a year, due to a drop in wholesale gas prices.
- Analysts at Cornwall Insight forecast that the government's energy price cap will decrease to £1,574 a year for the average dual-fuel energy bill from July.
- However, this would still be about £400 a year higher than pre-crisis levels, keeping millions of households in fuel poverty.
- Ofgem is conducting a review of the energy price cap, considering targeted caps for vulnerable households and dynamic pricing based on usage patterns.
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Guardian
16h
231
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Ex-Post Office boss did not believe there had been miscarriages of justice, inquiry hears
- The former Post Office chief executive, Paula Vennells, did not believe there had been miscarriages of justice, according to the Horizon inquiry.
- Post Office branch operators were dealt with in a way that made the company seem like corporate bullies.
- The Post Office paid nearly £58m to settle a lawsuit over Horizon, which caused financial shortfalls in branch accounts.
- Alisdair Cameron, the Post Office chief financial officer, admitted the company was over-reliant on Horizon and should have settled claims earlier.
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HinduBusinessLine
16h
341
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Marginal rise in Dhanuka Agritech’s turnover in FY24
- Dhanuka Agritech's consolidated net profit for Q4 FY24 dropped by 9.63% compared to the previous year.
- Total income for Q4 FY24 was marginally lower at ₹383.59 crore compared to ₹385.97 crore in the previous year.
- Expenses remained nearly unchanged at ₹302.09 crore compared to ₹299.22 crore in the previous year.
- Dhanuka Agritech plans to launch groundbreaking products in the current fiscal year to solidify its position in the agrochemical market.
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HinduBusinessLine
16h
238
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Steel-major SAIL gets clearance for ₹1-lakh cr expansion plans, working on de-carbonisation strategy: Amarendu Prakash
- Steel Authority of India Ltd. (SAIL) has received approvals for its ₹1,00,000 crore capex plans that will see capacity ramp-up by approximately 75% by 2030.
- The company is also working on a detailed decarbonisation plan to reduce its carbon footprint.
- SAIL's capex for FY24 is expected to be ramped up, with plans for greenfield expansion in West Bengal and brownfield expansion in Bokaro and Durgapur steel plants.
- The company is considering doubling capacities at Mozambique operations and is closely monitoring Chinese imports after the US raised tariffs.
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HinduBusinessLine
16h
249
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VRR auction sees banks bidding ₹1.95-lakh crore, overshooting RBI target of ₹1.25-lakh crore
- The 14-day VRR auction conducted by the RBI saw banks bidding ₹1.95-lakh crore, overshooting the RBI target of ₹1.25-lakh crore.
- The central bank accepted bids totaling ₹1.25-lakh crore at a weighted average rate of 6.68%.
- The VRR auction was conducted to help banks tide over liquidity deficit.
- Overall, there is a liquidity deficit in the banking system with around ₹1.50-lakh crore deficit observed on a daily basis.
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HinduBusinessLine
16h
312
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IRDAI directs insurers to put in place a board-approved policy on commission for agents
- The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurers to establish a board-approved policy on commission for agents.
- The policy should include objectives and principles, fairness and reasonableness, good distribution practices, and regular reviews.
- The commission structure must be reasonable and not result in excessive compensation at the expense of customers or insurers.
- The policy aims to promote fair and transparent competition among intermediaries, align incentives with customer needs, and ensure regulatory compliance.
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HinduBusinessLine
16h
323
Image Credit: HinduBusinessLine
FPIs turn buyers, snap 11-session selling streak
- Foreign Portfolio Investors (FPIs) ended their 11-session selling streak and turned buyers.
- Market pundits attribute recent selling to factors like US Fed's interest rate stance, China trade, and uncertainty around Indian elections.
- India remains the third most preferred Asia Pacific market according to a survey of fund managers.
- The market outlook remains positive with expectations of corporate deleveraging, capex uptick, and steady profit growth.
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