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Shell buys one of Europe's largest electric charging providers
13 October 2017, 08:59 | Hattie Nash
Justin Sullivan Getty Images
Royal Dutch Shell has accelerated its drive into the electric auto market with the acquisition of NewMotion, one of Europe's largest electric vehicle charging providers.
New Motion will operate in parallel to Shell's programme of rolling out fast charging points at its own stations by providing charging facilities at the workplace and homes, and Shell said it had no plans to integrate both.
Madhya Pradesh slashes VAT on petrol by 3pc , diesel by 5pc
Increasing rates of petrol and diesel prices was the reason of consumer inflation in September, with a 5.56 rise in the Index. Earlier, the central government had reduced the excise duty on petrol and diesel rates by Rs 2 per litre each.
The NewMotion technology includes "dynamic load balancing", which automatically adjusts the rate at which the vehicle is charging so that it uses the maximum available spare...
"Today's announcement is an early step towards ensuring customers can access a range of refueling choices over the coming decades, as new technologies evolve to co-exist with traditional transport fuels", Matthew Tipper, Shell's Vice President for New Fuels, said in a statement.
Shell has insisted it is planning for the day when demand for oil starts to fade. He has also said that the company will aggressively look at opportunities to stay ahead of competitors despite the decreasing dependence on oil for energy.
Fire sparks near famous hotel in Cape Town
The blaze had been burning on the slopes above Camps Bay and moved dangerously close to the luxury hotel on Thursday night. The fire started on Wedensday on privately-owned land near the 12 Apostles Hotel and spread into up into the TMNP.
PNC Financial's profit rises 14.1 pct on higher interest rates
Currently, 182.34 million total shares are owned by the public and among those 180.52 million shares have been available to trade. First Financial Bank Co Of Newtown holds 0.32% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC) for 8,909 shares.
Recent Analysts Ratings Host Hotels & Resorts, Inc. (HST)
Is ONEOK, Inc. (NYSE:OKE) Cheap From Peers? Alphamark Advsrs Lc has invested 0% in Host Hotels and Resorts Inc (NYSE: HST ). This continues to be an interesting story, and we look forward to updating it again soon on Host Hotels & Resorts, Inc.