Workers at the Renault-Nissan plant in Chennai filed an industrial arbitration suit demanding 20,000 rupees as a monthly interim settlement after the expiry of a previous wage agreement in March 2019. By Sudarshan Varadhan and Aditi Shah New Delhi: An Indian arbitrator has asked Renault-Nissan to pay its 3,542 workers at its southern Indian plant… Continue reading Indian arbitrator asks Renault-Nissan to pay workers $9.5 million interim dues
Author: Economic Times of India Online News
Deutsche Post to acquire Hillebrand for $1.8 billion
he move comes as shortages of freight capacity – both ocean and air – have pushed up shipping costs globally, with the coronavirus pandemic also extending port waiting times due to labour shortages and traffic disruptions. DUESSELDORF: Deutsche Post said on Tuesday it was acquiring ocean freight forwarder J.F. Hillebrand Group for 1.5 billion euros… Continue reading Deutsche Post to acquire Hillebrand for $1.8 billion
GoEgoNetwork raises USD 2 million in seed funding
Commenting on the investment in the EV charging startup, Bagla said EVs are not just about disrupting the ICE (internal combustion engine) automobile industry but are part of the larger disruption in energy and transportation, which are witnessing a considerable shift towards green technology solutions. New Delhi: Electric vehicle charging solutions startup goEgoNetwork on Tuesday… Continue reading GoEgoNetwork raises USD 2 million in seed funding
UK expresses willingness for collaborating with India on green hydrogen
Sharma, who is MP for Reading West, raised the issue of phasing out of coal-fired power plants in the meeting which was also attended by senior officials and the High Commissioner of the United Kingdom in India. New Delhi: UN Climate Change Conference President Alok Sharma met Union Minister of Power and Renewable Energy RK… Continue reading UK expresses willingness for collaborating with India on green hydrogen
Company needs to return PLI benefits with interest for midway exit: DPIIT
In a set of FAQs on PLI scheme for white goods – ACs and LED lights, the Department for Promotion of Industry and Internal Trade (DPIIT)said that midway exit by a selected applicant without fulfilling investment criteria thwarts one of the selection criteria of maximizing gross value added (GVA) to economy, as also deprive selection… Continue reading Company needs to return PLI benefits with interest for midway exit: DPIIT
EV charging station market to reach USD 93 billion by 2027: Report
The cost of charging infrastructure components for level 2 commercial chargers ranges from USD 2,500 to USD 7,210, while 50kW fast DC charging infrastructure costs between USD 20,000 and USD 35,800. New Delhi: The global Electric Vehicle Charging Station (EVCS) market has been fuelled by increasing demand for electric vehicles around the world, a growing… Continue reading EV charging station market to reach USD 93 billion by 2027: Report
India’s economy roars back from second wave as states ease restrictions
MUMBAI: The economic recovery in India is accelerating at a fast pace after the shock of the second wave earlier this year. The Indian economy was on its course to reach pre-pandemic levels of normalization helped by sharp easing of restrictions by the government after the first wave of the pandemic. However, a brutal second… Continue reading India’s economy roars back from second wave as states ease restrictions
Adani Group to acquire MBCPNL portfolio from Sadbhav Infra
Ahmedabad: AdRoad Transport Ltd (ARTL), a wholly-owned subsidiary of Adani Enterprises Ltd (AEL), has entered into a definitive agreement to acquire Maharashtra Border Check Post Network Ltd (MBCPNL), a subsidiary of Sadbhav Infrastructure Project Limited (SIPL). ARTL, which develops, constructs, operates and manages roads and highway projects in India, will acquire a 49 per cent… Continue reading Adani Group to acquire MBCPNL portfolio from Sadbhav Infra
City bizmen upbeat over introduction of vehicle scrappage policy by centre
Ludhiana: City businessmen are upbeat over the announcement of vehicle scrappage policy by the central government, under which the old and unfit vehicles will be scrapped and owners will be incentivised if they purchase new vehicles. The policy will give great push to the automotive sector and the auto parts and fasteners manufacturers based in… Continue reading City bizmen upbeat over introduction of vehicle scrappage policy by centre
India’s vehicle scrappage policy provides opportunities for new biz models: Experts
Commenting on the policy which was launched by Prime Minister Narendra Modi last week, Deloitte India said it is also likely to attract additional investments and generate employment through registered vehicle scrapping facilities (RVSFs), with around 50-60 such centers likely to be set up across the country. New Delhi: India’s vehicle scrappage policy provides opportunities… Continue reading India’s vehicle scrappage policy provides opportunities for new biz models: Experts