Mexico is not ruling out the possibility of appealing to an international panel over tax incentives proposed by the United States for some U.S.-made electric vehicles, President Andres Manuel Lopez Obrador said on Tuesday. Mexico has promised to review a range of legal actions in response to a new U.S. tax incentive that Mexican officials… Continue reading Mexico may appeal ‘discriminatory’ U.S. EV tax credits
Author: Economic Times of India Online News
Trudeau proposes Canada, US harmonize electric vehicle rebates
The proposed US tax credit is included in President Joe Biden’s $1.75 trillion spending package pending in Congress. Canadian Prime Minister Justin Trudeau said Monday he has proposed harmonizing rebates with the United States for electric vehicles to avoid a trade conflict over Washington’s go-it-alone plan that risks gutting Canada’s auto sector. His remarks followed… Continue reading Trudeau proposes Canada, US harmonize electric vehicle rebates
India-UAE to conclude trade pact talks next month: Piyush Goyal
As per a statement issued by the commerce and industry ministry, Goyal said the agreement will be a mutually beneficial win-win solution for both countries, “provide market access to each other. Some of the elements of the agreement are the first of its kind, particularly for both countries.” Commerce and industry minister Piyush Goyal on… Continue reading India-UAE to conclude trade pact talks next month: Piyush Goyal
Walmart CEO commits $10 billion exports by 2027 from India
Walmart International chief executive Judith McKenna has reiterated the US retail giant’s commitment to export $10 billion worth of goods out of India annually by 2027, which she said will create a network of small and medium enterprises selling to the company’s global buyers and help in the Make-in-India programme. “We think this will open… Continue reading Walmart CEO commits $10 billion exports by 2027 from India
India’s exports likely to touch record $400 billion this fiscal: Piyush Goyal
Commerce and Industry Minister Piyush Goyal Commerce and Industry Minister Piyush Goyal on Tuesday said India’s merchandise export is set to touch an all-time high of $400 billion during the current financial year, driven by sharp uptick in shipments. As per a preliminary trade data, India’s merchandise exports in April-November 2021 was at $262.46 billion,… Continue reading India’s exports likely to touch record $400 billion this fiscal: Piyush Goyal
Milind Soman Launches Electric Cycles by Lifelong Online
Gurgaon: In a major boost to sustainability, Milind Soman, actor, producer and fitness enthusiast, launched electric cycles by Lifelong Online, a consumer durables brand, in Gurgaon. Combining state-of-the art design with sustainable technology, the Lifelong electric cycles are priced at a very affordable range. Targeted for urban users from metropolitan as well as Tier II… Continue reading Milind Soman Launches Electric Cycles by Lifelong Online
Bharat Petroleum, Bhabha Atomic join hands for green hydrogen production
“Today, through collaboration with BARC, we intend to scale up ‘Indigenous Alkaline Electrolyser Technology’ and look forward to commercialising it for large use especially in refineries.” Mumbai: OMC Bharat Petroleum Corporation Ltd (BPCL) and the Bhabha Atomic Research Centre (BARC) have collaborated to scale up alkaline electrolyser technology for the production of green hydrogen. At… Continue reading Bharat Petroleum, Bhabha Atomic join hands for green hydrogen production
Make Gurgaon an EV-making hub, say industries
The FII pointed out that since the Centre was anyway promoting the production of electric vehicles, it would be in the interest of the state government and the industries in general if Gurgaon and its surrounding areas were developed as a hub for electric vehicles. Gurgaon: The Federation of Indian Industry (FII) has appealed to… Continue reading Make Gurgaon an EV-making hub, say industries
Time magazine’s "Person of the Year" is Elon Musk
NEW YORK: Calling him a “clown, genius, edgelord, visionary, industrialist, showman,” Time magazine has named Tesla CEO Elon Musk as its Person of the Year for 2021. Musk, who is also the founder and CEO space exploration company SpaceX, recently passed Amazon founder Jeff Bezos as the world’s wealthiest person as the rising price of… Continue reading Time magazine’s "Person of the Year" is Elon Musk
July-September quarter FDI inflows plunge 42%
Foreign direct investment (FDI) into India in the July-September quarter of 2021-22 fell a sharp 42% on year at $13.5 billion from $23.4 billion a year ago. However, the inflows were up 39.17% from the pre-pandemic period of July-September FY20. Total FDI inflows including equity inflows, re-invested earnings and other capital was down 30% on-year… Continue reading July-September quarter FDI inflows plunge 42%