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BlueStone IPO Launch: Accel and Kalaari-Backed Jewelry Giant Eyes Rs 12,000 Crore Valuation

The Indian jewelry retail sector is set for a major disruption as BlueStone prepares for its highly anticipated initial public offering (IPO). The company...
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BlueStone IPO Launch: Accel and Kalaari-Backed Jewelry Giant Eyes Rs 12,000 Crore Valuation

The Indian jewelry retail sector is set for a major disruption as BlueStone prepares for its highly anticipated initial public offering (IPO). The company...
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Indian Rockets in Great Demand: ISRO’s Success Story Creates New Challenges

India's space program has reached unprecedented heights, but success brings its own set of challenges. Former ISRO Chairman S. Somanath recently highlighted a unique...
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Philippines Visa-Free Entry for Indians: Your Gateway to Hassle-Free Island Adventures

The travel landscape between India and the Philippines just got a major upgrade! In a historic diplomatic move, President Marcos announced visa-free entry privileges...
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India’s Youth Employment Revolution: How 11 Million Young Indians Found Jobs in 16 Months

India's employment landscape is witnessing an unprecedented transformation. Under the leadership of Labour Minister Dr. Mansukh Mandaviya, the country has created nearly 172 million...
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Lenovo

Lenovo rises seven places to rank #9 in the Gartner Global...

Lenovo has once again been named in the Gartner Global Supply Chain Top 25 listing for 2022. This year marks the highest ever ranking for Lenovo,...
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Raunak Saha
Magenta has created a network of 116 Private EV charging point in Delhi and has a plan to install 5000 home chargers this year in collaboration with the Delhi government and BSES under Single Window Facility Mumbai, 1st June 2022: To accelerate the EV adoption of Electric vehicles and curb the air pollution, the Delhi government aims to deploy 25% of all new vehicles to be battery operated by 2024. Magenta ChargeGrid, a leading EV charging company has successfully installed around 116 EV chargers under the Delhi government Single window scheme. The chargers have been installed in several locations of Delhi such as Munirka, Chattarpur, Jamia Nagar, Vasant Kunj, Dwarka, Rohini and more. Magenta has been empanelled by three DISCOMs of Delhi including BRPL, BYPL and TPDDL for a period of three year to set up an EV charging station network across the capital. Around 100 EV chargers are also installed in different DISCOM offices. Under this subsidy scheme “Each consumer is eligible for Rs 6000/- GNCTD (Government of National Capital Territory of Delhi) subsidy per EV charging point under the Delhi EV Policy limited to 1 EV charging point for private charging and up to 20 EV Charging point for semi-public properties e.g., Housing societies, commercial properties, government buildings and projects.” The GNCTD subsidy is available for the first 30,000 points including LEVAC and AC001 chargers. Maxson Lewis, Founder and Managing Director, Magenta said “We support the Delhi government initiative of making Delhi the EV capital of India.” The attractive purchase incentives provided by the Government will surely make the cost of owning and operating an EV affordable. Keeping with the trend for home EV charging, which generally accounts for 70-80 percent of worldwide charging demands, we are planning to cover around 5000 installations of home chargers by the end of this year under this scheme. We have successfully deployed the highest number of EV charging points under this scheme. Safety of the user is non-negotiable at Magenta ChargeGrid and has always been the topmost priority. With recent rising cases of fire incidents due to use of unsafe domestic sockets for charging leading to the loss of life and property, it's important to use dedicated charging points with in-built protection. The LEVAC chargers are best designed for private use and the AC001 for residential purposes. The private EV charger roughly costs Rs 2,375/- after subsidy which is very budget friendly too. The low-cost AC charger also has several innovative features such as auto charging session resume in the event of power failure and is equipped with multiple protections to protect against electronics short circuit, over current, over voltage, and ground fault. These chargers are also extremely 'Easy to Install' and take up very little space as they can be placed on the wall or on a stand. These smart chargers can be operated through ChargeGrid mobile application by all EV users Delhi's first LEV AC EV charger under the state government's plan, was successfully developed and installed by Magenta ChargeGrid at Vasant Kunj residential community which was inaugurated by honourable transport minister – Shri Kailash Gahlot. Magenta ChargeGrid is working rigorously on its vision to create a safe and smart EV charging network and plans to install more than 5000 chargers by the end of this year. Both business and residential enterprises can avail benefits from the scheme's incentive to install these EV chargers.

Magenta ChargeGrid successfully installed more than 100 Home EV Chargers under...

Magenta has created a network of 116 Private EV charging point in Delhi and has a plan to install 5000 home chargers this year...
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5G spectrum auction may get delayed this time

India gears up for 5G spectrum auction ahead of its 2022...

India is preparing for the rolling out of 5G networking, the government is laying the groundwork for spectrum auctions for the latest and fastest...
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Raunak Saha
The micro-investing platform Deciml raise $1 Million in funding

The micro-investing platform Deciml raise $1 Million in funding

Mumbai, 31st May 2022: Deciml, a micro-investing platform, has launched with the aim to fundamentally change the way young adults perceive investing and make...
Electric Cars
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Mahindra XUV 300

Mahindra & Mahindra will launch a fully electric version of the...

Mahindra and Mahindra are looking to launch a fully electric version of its XUV 300 SUV in the market in the first quarter of...
Electric Cars
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TATA Motors

TATA Motors will buy Ford India’s plant in order to push...

TATA Motors Ltd has signed an agreement in order to potentially enter into an agreement to purchase Ford Motor's manufacturing facility in Gujarat as...
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