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Wednesday,01-December-2021

Business

Amazon orders 1800 EVs from Mercedes-Benz in green effort

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In its bid to address the climate change, Amazon has added more than 1,800 electric vehicles from Mercedes-Benz Vans to its delivery fleet in Europe this year.

Mercedes-Benz also announced on Friday it has joined The Climate Pledge, which calls on new signatories to be net zero carbon across their businesses by 2040 — a decade ahead of the Paris Agreement goal of 2050.

“We welcome the bold leadership demonstrated by Mercedes-Benz by signing up to The Climate Pledge and committing to ambitious action to address climate change,” said Jeff Bezos, Amazon Founder and CEO.

More than 1,200 EVs in the order will have newest electric commercial van available at Mercedes-Benz — the eSprinter, a larger model than the manufacturer’s first zero-emission vehicle, the eVito.

The eSprinter includes safety features including, electrical parking brake, active brake, reverse camera, blind spot assist, and more. The remaining 600 vehicles will be eVito.

“Amazon is adding 1,800 electric delivery vehicles from Mercedes-Benz as part of our journey to build the most sustainable transportation fleet in the world, and we will be moving fast to get these vans on the road this year,” he added.

As part of Mercedes-Benz’s commitment as the latest signatory of The Climate Pledge, the company is doubling down on its commitment to ‘Ambition2039,’ a roadmap to CO2-neutral mobility.

By joining ‘The Climate Pledge’ we are building on our goal to consistently pursue emission-free mobility and sustainable vehicle production,” said Ola Kallenius, chairman of the Board of Management of Daimler AG and Mercedes-Benz AG.

The company is evaluating ways to remove carbon from its entire value chain, from development to the supplier network, from its own production to the electrification of products and beyond, as well as to ensuring renewable energies for the use phase of electric vehicles.

With its goal to have a CO2-neutral fleet of new cars in less than 20 years, Mercedes-Benz said it “is making an important contribution to slowing climate change”.

By the end of this year, the vehicle portfolio will comprise five fully electric models and more than 20 plug-in hybrids.

As part of The Climate Pledge, Amazon is investing in renewable energy as a critical step toward addressing our carbon footprint globally and have pledged to run on 100 per cent renewable energy by 2025.

Business

Nov GST collection rises to over Rs 1.31 lakh Cr

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 India’s GST collection rose on both sequential and year-on-year basis in November.

Accordingly, the gross GST collection rose to Rs 1,31,526 crore last month.

This was the second straight month when the gross GST collection crossed Rs 1.30 lakh crore.

Besides, the GST revenue for November 2021 was 25 per cent higher than the corresponding period of last year and 27 per cent over the like month of 2019-20.

As per the Ministry of Finance, out of the total gross collection, CGST’s share was Rs 23,978 crore, SGST was Rs 31,127 crore, IGST about Rs 66,815 crore and Cess was Rs 9,606 crore.

“The GST revenues for November 2021 have been the second highest ever since the introduction of GST, second only to that in April 2021, which related to year-end revenues and higher than last month’s collection, which also included the impact of returns required to be filed quarterly,” the ministry said.

“This is very much in line with the trend in economic recovery.”

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Petrol prices cut by Rs 8/litre in Delhi

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Petrol prices in national capital fell by Rs 8 per litre on Wednesday after the Delhi government cut down Value Added Tax (VAT) on the fuel to 19.40 per cent from earlier 30 per cent.

New rates will come into effect from midnight.

This decision came after Chief Minister Arvind Kejriwal chaired a Cabinet meeting this morning.

Currently, the petrol is being sold at Rs 103.97.

In early November, the Centre had reduced petrol and diesel rates by Rs 5 and Rs 10 per litre respectively. Post the move, the Opposition parties in Delhi have been urging the AAP-led state government to cut VAT on petrol by at least Rs 10 per litre.

In India, fuel prices differ from state to state depending on the local taxation (VAT) and freight charges. Besides, the central government charges an excise duty on auto fuels. After adding excise duty, dealer commission and VAT, the retail selling price of the petrol gets nearly doubled.

From June 2017 onwards, the petrol and diesel prices in India are being revised daily at 6 a.m. via the dynamic fuel price method. Earlier, this exercise used to take place every fortnight.

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Sensex, Nifty up over 1% in early trade

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The 30-scrip Sensitive Index (Sensex) gained sharply in early trade session on Wednesday.

At 9.30 a.m. the S&P BSE Sensex traded at 57737 points, up 1.15 per cent. It opened at 57365 points from the previous close of 57064 points.

Till now it touched a low of 57365 points. Besides, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 17104 points after closing at 16983 on Monday.

It traded at the 17185 points, up 1.16 per cent during the early-morning trade session.

IndusInd Bank, Eicher Motors , Hindalco, Info Edge, and HDFC were some of the top gainers during the early trade, exchange data showed.

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