Mahesh Babu, ex CEO of Mahindra Electric Mahesh Babu, ex CEO of Mahindra Electric is set to join Chennai based Ashok Leyland Limited. He is expected to take over as the CEO of the company’s EV business, Switch Mobility from September 1, people in the know informed ET Auto. Ashok Leyland, the commercial vehicle major… Continue reading Exclusive: Mahesh Babu set to join Ashok Leyland’s EV business
Author: Economic Times of India Online News
All macroeconomic parameters improved in last 4 years: NITI Aayog
NITI Aayog vice chairman today termed the performance of the Modi government as ‘miraculous’ saying that all the macroeconomic parameters including growth, inflation and fiscal deficit have shown considerable improvement in the last four years. The government has done well on all fronts considering that the country plunged into a state of policy paralysis and… Continue reading All macroeconomic parameters improved in last 4 years: NITI Aayog
Digitally-enabled businesses engineered for profitable growth: KPMG
New Delhi: New digital technologies like artificial intelligence, cognitive deep learning, autonomous machines and big data analytics are today enabling companies to make the leap to smart, data-driven flexible, agile and connected operations, KPMG in India has said. While digital transformation is need of the hour, it is completely impossible to achieve this without high… Continue reading Digitally-enabled businesses engineered for profitable growth: KPMG
Kia workers OK wage deal without strike for 1st time in 10 years
Kia said 68 percent of 26,945 workers voted in favor of wage offers that include an increase of 75,000 won ($64.30) in monthly basic pay, two months of wages in performance-based pay and cash bonuses worth 5.8 million won. Seoul: Unionised workers at Kia, South Korea‘s second-biggest carmaker, have voted to accept the company’s wage… Continue reading Kia workers OK wage deal without strike for 1st time in 10 years
FDI equity inflows up 168% to USD 17.57 bn during Apr-June 2021-22
“FDI equity inflow grew by 168 per cent in the first three months of 2021-22 (USD 17.57 billion) compared to the year ago period (USD 6.56 billion),” it said. New Delhi: Foreign direct investment (FDI) into the country rose by more than twofold to USD 17.57 billion during April-June this fiscal on account of measures… Continue reading FDI equity inflows up 168% to USD 17.57 bn during Apr-June 2021-22
ASDC partners with Hero MotoCorp to bridge digital skill gap at auto dealerships
As per the Memorandum of Understanding (MoU), the partnership is to train the dealership Staff in an apprenticeship model. New Delhi: The Automotive Skills Development Council (ASDC) and country’s largest two wheeler maker Hero MotoCorp have partnered to bridge the digital skill gap at the country’s auto dealerships. As per the Memorandum of Understanding (MoU),… Continue reading ASDC partners with Hero MotoCorp to bridge digital skill gap at auto dealerships
Automobiles restrain US consumer spending, monthly inflation slowing
WASHINGTON: U.S. consumer spending slowed in July as a decline in motor vehicle purchases due to shortages offset a rise in outlays on services, supporting views that economic growth will moderate in the third quarter amid a resurgence in COVID-19 infections. But the foundation for the recovery remains solid, with the report from the Commerce… Continue reading Automobiles restrain US consumer spending, monthly inflation slowing
139km stretch of Nagpur-Hyderabad highway may be monetized
NAGPUR: The 139-km stretch of Nagpur-Hyderabad-Bengaluru national highway is likely to be part of the National Monetization Pipeline (NMP), announced by the Centre recently. The stretch will be from Borkhedi toll plaza to Telangana border, say sources in National Highways Authority of India (NHAI). Union minister for finance and corporate affairs Nirmala Sitharaman had on… Continue reading 139km stretch of Nagpur-Hyderabad highway may be monetized
What will clean energy mean for India’s future?
The PM announced a vision of achieving 100pc energy independence by the time India celebrates its 100 years of independence. He elaborated on India’s ambitious renewable energy targets of 450GW to be achieved by 2030. At the recently concluded meetings with UK minister and COP26 President, Alok Sharma, the Indian govt said that the 450GW… Continue reading What will clean energy mean for India’s future?
Canada joins Mexico in seeking consultation with U.S. over USMCA content rules
OTTAWA/MEXICO CITY – Canada has joined Mexico in seeking formal consultation with the United States over the interpretation of content rules for automobiles set out in the North American trade pact, Mexico and Canada said on Friday. Mexico on Aug. 20 requested the formal consultation over the interpretation and application of tougher content rules for… Continue reading Canada joins Mexico in seeking consultation with U.S. over USMCA content rules