NEWS

Electric vehicle (EV) sales in the US, China and Europe will outstrip all other engines five years sooner than previously expected, said consultancy firm EY in a new study.

Accordingly, EY deployed its 'Mobility Lens Forecaster', an artificial intelligence (AI) powered forecast modelling tool that provides an outlook for the supply and demand of mobility products and services through 2050 to derive these results.

The latest predictions show that by 2028 EV sales in Europe will surpass those of other powertrains, a trend that will be repeated in China by 2033 and in the US by 2036.

Besides, the analysis shows that by 2045, non-EV sales will shrink to less than 1 per cent of overall sales.

Jio Institute, which is RIL’s first varsity, will commence academic sessions at its Navi Mumbai campus this year. The company, which operates in the education space via its philanthropic arm, had commenced work on Jio Institute a few years ago. It currently runs K-12 schools at its manufacturing facilities for the wards of RIL employees as well as for children of non-Reliance through Dhirubhai Ambani International School .“While our top priority was Covid relief...we also worked hard to bring our dream project — Jio Institute — to life,” said RIL non-executive director Nita Ambani.

(With inputs from agencies)

Former Maharashtra Home Minister Anil Deshmukh on Friday said he extended full cooperation to Enforcement Directorate (ED) officials who visited him during searches at his premises as part of a money laundering probe against him, and hoped “truth will come out”. Talking to reporters in Mumbai, Deshmukh said he would continue to cooperate with investigate agencies in future too and expressed confidence that “truth will come out”.

The Enforcement Directorate (ED) on Friday conducted searches at the premises of Deshmukh in Nagpur and his associates in Mumbai as part of a money laundering probe against the politician on Rs 100 crore bribery charges, officials said in Delhi.They said the raids are being carried out under provisions of the Prevention of Money Laundering Act (PMLA) and the locations include Deshmukh’s residence at GPO Chowk in Nagpur and that of his personal secretary Sanjeev Palande and personal assistant Kundan Shinde in Mumbai.

In a relief to Twitter India MD Manish Maheshwari, the Karnataka high court on Thursday passed an interim order restraining Ghaziabad police from initiating any coercive action against him in connection with the probe into the assault on an elderly Muslim man in UP.

Justice G Narendar added that if the UP police desired to investigate or examine the petitioner, they may do so in virtual mode. The matter has now been listed for further consideration and objections, if any, on June 29.