The rupee’s relative overvaluation is a potential drag on India’s exports. Traders will also watch out for any potential changes in the RBI’s forex intervention strategies over 2025 under the its new governor. The Indian rupee is likely to open flat-to-slightly-lower on Wednesday, with traders expecting the currency to weaken gradually in the near-term as… Continue reading Rupee tipped to weaken gradually amid broad dollar strength as 2025 kicks off
Author: Economic Times of India Online News
EV charging stns down with encroachments
Without proper action, the initiative to promote electric vehicles and provide dedicated charging spaces will be unsuccessful. Even though 24 EV (electric vehicle) charging stations and battery swapping stations (BSS) have been set up in Chandigarh, their effectiveness has been hampered by encroachments of these spaces by ICE (internal combustion engine) vehicles. The Chandigarh Renewable… Continue reading EV charging stns down with encroachments
The road ahead: Quality construction, maintenance of highways
Union Road Transport and Highways Minister Nitin Gadkari has repeatedly expressed frustration over poor quality of construction of some highways. After constructing a record 56,700 km of National Highways (NHs) in the country in the last 10 years, the road transport and highways ministry will shift focus on quality of construction and maintenance of NHs… Continue reading The road ahead: Quality construction, maintenance of highways
Over 6K booked for traffic violations in T’puram
For violating traffic rules and not wearing helmets, cases were registered against 2,477 persons. For violating other parking rules, 3,461 persons were booked. In a joint inspection being conducted by motor vehicle department and city police over the last 10 days, legal measures were initiated against 6,505 people and 56 vehicles were seized for various… Continue reading Over 6K booked for traffic violations in T’puram
RTOS to equip interceptor vehicles with radar for better e-challan system
This procurement comes after MMVD introduced 187 AI-powered laser speed gun mounted interceptor vehicles earlier this year using road safety fund. The Maharashtra motor vehicles department (MMVD) will procure interceptor vehicles equipped with radar systems capable of detecting multiple traffic violations simultaneously, officials said on Friday. The deployment of such radar-mounted interceptor vehicles, which will… Continue reading RTOS to equip interceptor vehicles with radar for better e-challan system
SITARC to set up common facility centre for testing EV motors
This facility will also provide crucial training to help local industries transition from traditional induction motors to EV motors. A common facility centre for testing electric vehicle (EV) motors and controllers is set to be established on the Scientific and Industrial Testing and Research Centre (SITARC) EV Foundation premises in the Kurichi SIDCO Industrial Estate… Continue reading SITARC to set up common facility centre for testing EV motors
Can Biden’s green boom survive Trump’s wrecking ball?
Some things, like electric vehicle customer tax credits and offshore wind-power support, look doomed. The same goes for regulatory struts, such as tighter fuel economy standards. The energy transition sustained an electoral trauma as 2024 drew to a close. The incoming administration of President-elect Donald Trump promises to undo at least some of the progress… Continue reading Can Biden’s green boom survive Trump’s wrecking ball?
Delhi’s AQI improves, restrictions eased: Can you drive BS-III, BS-IV vehicles?
GRAP, a dynamic framework, activates restrictions based on the severity of pollution. Delhi’s vehicle owners can now breathe a sigh of relief as the restrictions on BS 3 petrol and BS 4 diesel cars were officially lifted on Friday night. The decision came after heavy rainfall throughout the day helped reduce pollution levels and improved… Continue reading Delhi’s AQI improves, restrictions eased: Can you drive BS-III, BS-IV vehicles?
Indian auto Inc’s 2024 in rear-view mirror: Trends, highlights, challenges and more
Here’s what some industry players had to say about how the year shaped up and what they expect moving forward As 2024 wraps up, India’s automotive industry is taking a moment to look back on a year filled with big changes, challenges, and milestones. From the rise of electric vehicles to exciting new technologies and… Continue reading Indian auto Inc’s 2024 in rear-view mirror: Trends, highlights, challenges and more
Iron ore rebounds on improving steel margins, falling portside stocks
The Dalian contract has declined 16.4% so far this year, while the Singapore contract has fallen 19%. Iron ore futures prices rebounded on Monday, helped by improving steel margins, falling portside stocks and stimulus hopes in top consumer China, although gains were limited by seasonally slow demand. The most-traded May iron ore contract on China’s… Continue reading Iron ore rebounds on improving steel margins, falling portside stocks