Author: Economic Times of India Online News

Sundaram Finance, TVS Group companies contribute Rs 8 cr to Tamil Nadu’s COVID-19 relief

Representational Image Non Banking Finance Company Sundaram Finance and TVS Group companies,including Brakes India, Wheels India, Sundaram Home Finance and Royal Sundaram General Insurance have contributed Rs eight crore towards the Tamil Nadu government’s COVID-19 relief efforts. The contribution includes Rs 2.50 crore to the Chief Minister’s Public Relief Fund, Rs 2.50 crore to the… Continue reading Sundaram Finance, TVS Group companies contribute Rs 8 cr to Tamil Nadu’s COVID-19 relief

Nissan plans work stoppages in Mexico in June due to chip shortage

During the first four months of this year, Nissan was Mexico’s second-biggest auto assembler after General Motors, according to data from national statistics agency INEGI. MEXICO: Japanese automaker Nissan will carry out temporary work stoppages at three Mexican plants for several days in June because of production adjustments needed to manage a shortage of semiconductor… Continue reading Nissan plans work stoppages in Mexico in June due to chip shortage

Maharashtra intends to lead in the EV category, say officials

He said some 32,000 electric vehicles in various categories are registered in the state at present. Mumbai: The Maharashtra government in the next five years plans to ensure at least 10 per cent of newly registered vehicles in its major cities would be electric ones, a senior official said. Addressing a virtual town hall organised… Continue reading Maharashtra intends to lead in the EV category, say officials

China is no longer center of commodities pricing: Goldman Sachs

Earlier this month, China’s cabinet said Beijing would manage “unreasonable” price increases for copper, coal, steel, and iron ore. Those commodities, of which China is the world’s biggest user, have surged this year on rising demand as lockdowns to curb the Covid-19 pandemic have eased and government stimulus has boosted consumer spending globally. Goldman Sachs… Continue reading China is no longer center of commodities pricing: Goldman Sachs

Forex reserves hit lifetime high, rise $2.8 billion to $592.894 billion

The country’s reserve position with the IMF too increased by $22 million to $5.021 billion in the reporting week, as per the data. MUMBAI: The country’s foreign exchange reserves rose by $2.865 billion to a record high of $592.894 billion for the week ended May 21, boosted by gold and currency assets, RBI data showed… Continue reading Forex reserves hit lifetime high, rise $2.8 billion to $592.894 billion

Space crunch: 3.4 lakh vehicles towed in 2020

AHMEDABAD: In 2020, despite the Covid pandemic curfew, the city traffic police department had towed and fined some 3.35 lakh illegally parked vehicles from various locations in the city. In 2019, some 2.26 lakh vehicles were towed and in 2018, over 14.5K vehicles were towed for illegal parking. But here is the catch, against the… Continue reading Space crunch: 3.4 lakh vehicles towed in 2020

Haryana CM opens Oxygen PSA generation plants donated by Maruti Suzuki in 3 hospitals

For the sustainability of these manufacturing operations and to ensure that needy hospitals in the country are made aware of this opportunity, a website, http://oxygengenerator.co.in, has been created to spread this information and channelise enquiries and orders so that manufacturing and deliveries can be planned for the future, the release added. New Delhi: Haryana Chief… Continue reading Haryana CM opens Oxygen PSA generation plants donated by Maruti Suzuki in 3 hospitals

M&M posts net profit of INR 163 crore in Q4FY21

M&M’s critical efforts to realign its capital allocation strategy also showed signs of bearing fruits as the exceptional loss reported in the quarter by the company fell to Rs 840 crore from Rs 3,578 crore a year ago. MUMBAI: Mahindra & Mahindra and Mahindra Vehicular Manufacturing today reported a combined net profit of Rs 163… Continue reading M&M posts net profit of INR 163 crore in Q4FY21

Robert Bosch GmbH extends medical package to India to fight COVID-19

Besides the current aid, Bosch India had pledged INR 50 crore last year for fighting the spread of COVID-19. Bengaluru: Bosch India has handed over the medical aid received from its parent company, Robert Bosch GmbH, to NITI Aayog as part of its initiative to combat the second wave of the COVID-19 pandemic in India.… Continue reading Robert Bosch GmbH extends medical package to India to fight COVID-19