Niranjan Gupta Hindustan Unilever Limited (HUL) has named Niranjan Gupta, former Chief Executive Officer of Hero MotoCorp, as its new Chief Financial Officer, effective November 1. He will succeed Ritesh Tiwari, who has been elevated to a global role at parent company Unilever. Tiwari, who has served as HUL’s CFO since 2021, will take over… Continue reading Ex-Hero MotoCorp CEO Niranjan Gupta to take over as HUL’s new CFO
Author: Economic Times of India Online News
Gadkari stresses on cutting cost of hydrogen production
Union minister Nitin Gadkari said India could shift from being an energy importer to a global exporter. Union road transport and highways minister Nitin Gadkari on Wednesday said India can transform from being an energy importer to a global exporter if it can bring down the cost of hydrogen production to $1 per kg from… Continue reading Gadkari stresses on cutting cost of hydrogen production
EU gets 15% US tariff for cars, fails to secure wine reprieve
US, EU trade deal sets 15% tariff on European car and pharma exports. European car and pharmaceutical exports to the United States will be subjected to a 15-per cent tariff rate, a joint US-EU statement detailing their trade deal showed on Thursday. The same rate will apply to wine and spirits, after Brussels failed to… Continue reading EU gets 15% US tariff for cars, fails to secure wine reprieve
NHAI has raised over ₹1.42 lakh crore via asset monetisation: Gadkari
NHAI raises ₹1.42 lakh crore through asset monetisation till FY25, says minister. The National Highways Authority of India (NHAI) has raised a total amount of ₹1,42,758 crore through different modes of asset monetisation up to FY 2024-25 and the target for the current financial year has been fixed at ₹30,000 crore, Minister of Road Transport… Continue reading NHAI has raised over ₹1.42 lakh crore via asset monetisation: Gadkari
JSW Sarbloh Motors forms JV with Tomcar USA for production of ATV in India
JSW Sarbloh Motors partners with Tomcar USA to locally produce TX range all-terrain vehicles in India. JSW Group firm JSW Sarbloh Motors on Thursday said it has formed a joint venture with Tomcar USA for local production of the TX range of all-terrain vehicles in India. Phoenix, Arizona-based Tomcar is a manufacturer of high-performance all-terrain… Continue reading JSW Sarbloh Motors forms JV with Tomcar USA for production of ATV in India
India’s EV fast chargers to rise from 14,000 to 1.1 million by 2040
Annual global spending on EV charging infrastructure is forecast to grow at 8% CAGR in this period, reaching $300 billion. India’s DC fast chargers are projected to grow from 14,000 at present to 1.1 million by 2040, according to Wood Mackenzie’s Electric Vehicle (EV) Charging Infrastructure Forecast. The report attributes the growth to strong policy… Continue reading India’s EV fast chargers to rise from 14,000 to 1.1 million by 2040
MOL, Suzuki and TradeWaltz to collaborate in automobile trade between India and Africa
The MoU marks a concrete first step toward building a robust supply chain and enhancing the economic connectivity of the rapidly growing markets in India and Africa. Japan’s Mitsui O.S.K. Lines, Ltd (MOL), TradeWaltz, Inc and Suzuki Motor Corporation signed a Memorandum of Understanding (MoU) on Thursday to cooperate and collaborate in automobile trade between… Continue reading MOL, Suzuki and TradeWaltz to collaborate in automobile trade between India and Africa
Food, transport costs take UK inflation to 18 month high
The pickup was forecast by the BOE but exceeded the 3.7 per cent economists were predicting. UK inflation climbed to an 18-month high on the back of surging food, fuel and transport prices, putting the Bank of England under pressure to reconsider the pace of interest-rate cuts. Consumer prices rose 3.8p per cent from a… Continue reading Food, transport costs take UK inflation to 18 month high
Iron ore dips on China blast furnace cuts, US trade restrictions
Other steelmaking ingredients on the DCE fell, with coking coal and coke down 2.6per cent and 2.33 per cent, respectively. Iron ore futures prices declined on Wednesday, pressured by a mandated production cut ahead of a military parade in China and US trade restrictions on steel imports. The most-traded January iron ore contract on China’s… Continue reading Iron ore dips on China blast furnace cuts, US trade restrictions
Suzuki expansion cements Gujarat’s position as global auto hub
Gujarat first attracted a wave of global automobile manufacturers between 2012 and 2015, with Suzuki’s 2014 MoU to establish a mega plant marking a turning point. North Gujarat has rapidly emerged as one of India’s leading automobile manufacturing hubs, led by Suzuki Motor Gujarat’s facility with an annual production capacity of 7.5 lakh cars, according… Continue reading Suzuki expansion cements Gujarat’s position as global auto hub