Uncertainty on the form and extent of tariffs that Trump will impose has meant choppy price action on the dollar index. The Indian rupee, after a small relief rally, is poised to decline on Thursday, tracking declines in Asian peers on lingering worries over U.S. President Donald Trump’s trade policies. The 1-month non-deliverable forward indicated… Continue reading Relief for rupee expected to be short-lived amid weak Asian peers
Author: Economic Times of India Online News
JSW Group invests INR 3 lakh crore in Maharashtra: Major boost for steel, renewable energy, and EVs
Infrastructure and cement production will also receive a boost, further contributing to the state’s development. JSW Group has committed to investing INR 3 lakh crore in Maharashtra across various sectors like steel, renewable energy, electric vehicles, and cement. This investment, announced at the World Economic Forum in Davos, is facilitated by a Memorandum of Understanding… Continue reading JSW Group invests INR 3 lakh crore in Maharashtra: Major boost for steel, renewable energy, and EVs
Hyundai Steel actively considering building US plant
Hyundai Steel is considering investing in a steel plant using the “electric arc furnace” production process in the U.S. Southeast, a company spokesperson said on Wednesday. South Korea’s Hyundai Steel, an affiliate of automakers Hyundai Motor and Kia, said on Wednesday it is actively considering building a steel plant in the United States. The move… Continue reading Hyundai Steel actively considering building US plant
Action taken against 2,712 vehicles on Nashik highway in 20 days
NHAI has displayed signboards relating to accident-prone areas, restricting the speed limit to 60kmph, appealing to motorists to drive slowly, and warning them not to drive on the wrong side or overtake vehicles.” The rural police and Highway Safety Patrol, in a coordinated drive, have taken action against 2,712 vehicles on Pune-Nashik Highway between January… Continue reading Action taken against 2,712 vehicles on Nashik highway in 20 days
What’s next for EVs as Trump moves to revoke Biden-era incentives?
Trump’s order Monday was reminiscent of actions taken during his first term in the White House, when he rolled back tough vehicle emissions standards set under Democratic then-President Barack Obama. President Donald Trump signed an executive order promising to eliminate what he incorrectly labels “the electric vehicle mandate” imposed under former President Joe Biden. His… Continue reading What’s next for EVs as Trump moves to revoke Biden-era incentives?
Trump’s EV rollback not expected to suppress appetite for critical minerals
That growth potential is something Chinese EV manufacturers are chasing given they are locked out of the U.S. market due to 100% EV tariffs imposed by Biden. U.S. President Donald Trump’s rollback of electric vehicle targets may temporarily slow demand for lithium and other critical minerals, but is unlikely to hamper the mining industry amid… Continue reading Trump’s EV rollback not expected to suppress appetite for critical minerals
What’s next for EVs under President Trump?
Trump’s order Monday was reminiscent of actions taken during his first term in the White House, when he rolled back tough vehicle emissions standards set under Democratic then-President Barack Obama. President Donald Trump signed an executive order promising to eliminate what he incorrectly labels “the electric vehicle mandate” imposed under former President Joe Biden. His… Continue reading What’s next for EVs under President Trump?
Rupee set to rise at open, alongside Asian peers, before facing resistance
The direction for Asian currencies largely depends on what Trump does with regard to tariffs. He did not immediately impose tariffs when he took office on Monday, a relief for Asia. The Indian rupee will likely inch up at the open on Wednesday, tracking an uptick in most of its Asian peers, following which it… Continue reading Rupee set to rise at open, alongside Asian peers, before facing resistance
Tata Power-DDL partners with Tata Power EV Charging Solutions for public EV charging infrastructure in Delhi
Additionally, Tata Power-DDL is working closely with MCD to identify more sites for the installation of EV charging stations. Tata Power Delhi Distribution Limited (Tata Power-DDL), a leading power utility serving approximately 9 million residents in North Delhi, has announced a strategic partnership with Tata Power EV Charging Solutions Limited (TPEVCSL) to develop public EV… Continue reading Tata Power-DDL partners with Tata Power EV Charging Solutions for public EV charging infrastructure in Delhi
South Korean shares end lower on Trump tariff, EV worries
The won was quoted at 1,439.5 per dollar on the onshore settlement platform, 0.03% higher than its previous close at 1,440.0. South Korean shares ended lower on Tuesday, erasing early gains, on worries about U.S. President Donald Trump’s tariff and electric-vehicle (EV) policies. The benchmark KOSPI closed down 2.02 points, or 0.08%, at 2,518.03, after… Continue reading South Korean shares end lower on Trump tariff, EV worries