The currency is likely to weaken past the 86 level at the open on Monday. The Indian rupee is likely to fall further this week, weakening past a psychologically important level, in the wake of an ongoing rally in the U.S. dollar on upbeat economic data, while bond yields could rise, tracking U.S. peers. The… Continue reading No relief expected for India rupee, bonds to decline
Author: Economic Times of India Online News
Iron ore hits more than one-week high on revived hopes of China stimulus
Other steelmaking ingredients on the DCE gained, with coking coal and coke up 2.29% and 1.99%, respectively. Iron ore futures rallied to their highest in more than a week on Monday as revived hopes of more stimulus from top consumer China boosted sentiment. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE)… Continue reading Iron ore hits more than one-week high on revived hopes of China stimulus
Focus on amenities, better transportation in existing cities: PM Modi
PM Modi Focus more on creating facilities, amenities and better transportation network in zones in cities which naturally attract people and businesses, rather than developing new cities that push horizontal growth, PM Narendra Modi told top officials of housing and urban affairs ministry at a recent review meeting on urban sector, sources said. TOI has… Continue reading Focus on amenities, better transportation in existing cities: PM Modi
Republicans can slow but not stop electric vehicles
Analysts note that sales of electric vehicles in Germany plunged 27% last year after the country’s government slashed incentives for car buyers. To a large extent, the electric vehicle market in the United States runs on Democratic policies. There are federal tax credits for car buyers. Subsidies for battery manufacturing. Cheap loans to build electric… Continue reading Republicans can slow but not stop electric vehicles
OPG Mobility looks to raise INR 400 cr; gets into product portfolio, network expansion drive
Apart from the new products, Gupta said the company is accelerating its sales and service network expansion across India. New Delhi: Electric vehicle maker OPG Mobility, formerly Okaya EV, is seeking to raise around INR 400 crore within the next 18-24 months to fuel its growth plans as it embarks on product portfolio and network… Continue reading OPG Mobility looks to raise INR 400 cr; gets into product portfolio, network expansion drive
Coal India looks to Argentina for lithium brine assets
Lithium brine is a concentrated salt solution that contains dissolved lithium and other minerals. Coal India Ltd (CIL) has set its sights on Argentina as a destination in its strategic diversification into critical minerals, with a focus on lithium brine assets, an official said on Sunday. Recognising the economic significance and strategic value of minerals… Continue reading Coal India looks to Argentina for lithium brine assets
Stellantis reaches goal of cutting US inventory by 100,000 units
In September, Stellantis publicly targeted dealer inventory of no more than 330,000 vehicles by year end. Automaker Stellantis achieved its goal of cutting U.S. inventories by more than 100,000 vehicles late last year, its North American chief said on Friday at the Detroit Auto Show. Antonio Filosa, who has led the carmaker’s North American operations… Continue reading Stellantis reaches goal of cutting US inventory by 100,000 units
EV regns drop amid subsidy cuts and charging concerns
PUNE: For the first time in three years, fewer electric vehicles were registered across the state in 2024, largely due to the sudden reduction of the subsidy for EVs, charging worries and after-sales service concerns of some brands. While the state saw a 20% drop in EV registrations in 2024 compared to 2023, the Pune… Continue reading EV regns drop amid subsidy cuts and charging concerns
Rupee closes at nearly 86/$, falls for 10th week in row
The week ended January 3, saw forex reserves decline by $5.7 billion to a 10-month low of $634.6 billion – its fifth straight week of decline. Forex reserves had touched a high of $704.9 billion in late September. The rupee sank closer to the 86 level, recording its tenth consecutive week of decline against the… Continue reading Rupee closes at nearly 86/$, falls for 10th week in row
2025 Indian Car and Motorcycle of the Year winners announced: Details
MG Windsor was named the 2025 Green Car of the Year The highly anticipated 2025 Indian Car of the Year (ICOTY) and Indian Motorcycle of the Year (IMOTY) awards have been announced. These awards, celebrating their 20th edition, are considered the ‘Oscars’ for the automotive sector in our country. Here, let’s quickly take a look… Continue reading 2025 Indian Car and Motorcycle of the Year winners announced: Details