In the near-term, investors will also keep an eye on whether Trump follows through on his pledge to impose 25% tariffs on Mexico and Canada from Saturday. The Indian rupee is likely to stay on the defensive on Thursday, after the U.S. Federal Reserve expectedly kept interest rates unchanged and Chair Jerome Powell said there… Continue reading Pressure on rupee to linger after Fed signals no hurry to cut rates
Author: Economic Times of India Online News
Budget opportunity to boost domestic demand as external environment cloudy: Tata Motors Group CFO
Tata Motors’ arm JLR is based out of the UK and produces EVs from the Castle Bromwich manufacturing plant, although it has a plant in Slovakia where it produces SUVs Land Rover Discovery and Land Rover Defender. At a time when the external environment is extremely cloudy, the Union Budget can look at consumption-boosting measures… Continue reading Budget opportunity to boost domestic demand as external environment cloudy: Tata Motors Group CFO
Measures to improve overall consumption momentum in Budget to aid auto industry, says Maruti Suzuki India
When asked about the demand scenario, Bharti said the company witnessed a growth of 3.5% in retail sales in April-December this fiscal. Maruti Suzuki India on Wednesday said any measures to improve the overall consumption momentum in the upcoming Budget would aid the auto industry, which is witnessing sluggish growth. The country’s largest carmaker expects… Continue reading Measures to improve overall consumption momentum in Budget to aid auto industry, says Maruti Suzuki India
Tata Motors Q3 profit down 22% at INR 5,451 cr
Updated On Jan 29, 2025 at 05:32 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Revenue, however, saw a 3% year-over-year increase, reaching INR 1.13 lakh crore. Tata Motors reported a 22% drop in net profit for the third quarter of FY25, amounting to INR 5,451 crore compared to INR 7,025… Continue reading Tata Motors Q3 profit down 22% at INR 5,451 cr
Cabinet approves Rs 16,300 crore critical mineral mission
“This is aimed at reducing the financial burden on companies, and making investments more attractive and feasible,” the official said. The Union Cabinet approved Rs 16,300 crore outlay for the National Critical Mineral Mission (NCMM) Wednesday. This mission will run till 2030-31 with sops for recycling critical minerals and derisking overseas acquisition of assets. Officials… Continue reading Cabinet approves Rs 16,300 crore critical mineral mission
Union Budget 2025: Top 5 key highlights, expectations and the economic roadmap
The budget will be presented on February 1, with proceedings expected to begin at 11 a.m. New Delhi: Finance Minister Nirmala Sitharaman is set to present the Union Budget for 2025 on February 1. This budget is expected to address key economic issues and fulfill the aspirations of citizens across the country. Some of the… Continue reading Union Budget 2025: Top 5 key highlights, expectations and the economic roadmap
US’ new transportation secretary’s first move is to seek a rollback of Biden’s fuel economy standards
Some automakers have criticised the rule as a costly distortion of the market. The newly confirmed transportation secretary, Sean Duffy, signed an order Tuesday seeking to roll back key fuel economy standards set by President Joe Biden. The order is the latest effort by the Trump administration to roll back initiatives introduced by the Biden… Continue reading US’ new transportation secretary’s first move is to seek a rollback of Biden’s fuel economy standards
Cabinet likely approves hike in ethanol prices
Set by the government, ethanol prices have not been raised since the 2022-23 ethanol supply year (November-October). Current rates of ethanol produced from cane juice, B-Heavy molasses, and C-Heavy molasses are INR 65.61, INR 60.73 and INR 56.28 per litre, respectively. The Union Cabinet has approved the proposal to hike ethanol prices, ET Now reported… Continue reading Cabinet likely approves hike in ethanol prices
Educational campuses in coastal districts of Mangaluru embrace EVs
Some campuses plan to install charging stations as the numbers are increasing. Dakshina Kannada and Udupi districts are witnessing a notable increase in the presence of electric vehicles, both two and four-wheelers, within educational campuses. The academic institutions are actively encouraging their faculty members and student community to adopt eco-friendly transport solutions. To accommodate the… Continue reading Educational campuses in coastal districts of Mangaluru embrace EVs
GM results aren’t enough for investors, shares skid 10% on tariff worries
GM sold vehicles at an average price of USD 50,000 in 2024, and executives see a 1% to 1.5% drop in North American pricing power and a modest decline in gas-powered vehicle volume in 2025. General Motors earnings exceeded Wall Street’s forecasts on Tuesday, but investors still dumped the stock broadly on fears of tariffs… Continue reading GM results aren’t enough for investors, shares skid 10% on tariff worries