Honda Executive Vice President Shinji Aoyama Honda Motor said on Monday that it had accepted the resignation of Executive Vice President Shinji Aoyama which followed an allegation of inappropriate conduct during a social gathering outside of work hours. Honda did not elaborate on Aoyama’s conduct in question, but said CEO Toshihiro Mibe will take a… Continue reading Honda EVP Aoyama resigns after ‘allegation of inappropriate conduct’
Author: Economic Times of India Online News
Tata Steel consolidated output falls 5% to 7.45 MT in Q4; sales rise to 8.28 MT
Tata Steel reported a 5.34 per cent rise in consolidated sales to 8.28 MT in Q4 FY25 over 7.86 MT sales in the last quarter of 2023-24. Tata Steel on Monday reported a 5 per cent fall in its consolidated steel production to 7.45 million tonnes (MT) for the last quarter of FY25, mainly due… Continue reading Tata Steel consolidated output falls 5% to 7.45 MT in Q4; sales rise to 8.28 MT
CATL in talks to buy controlling stake in Nio’s power unit, sources say
Nio Power, one of Nio’s core assets, provides charging and battery swapping services to Nio drivers and other EV brands including Tesla and BYD. Chinese battery giant CATL is in talks to buy a controlling stake in electric vehicle maker Nio‘s power unit, which runs more than 3,000 battery swapping stations in China, four people… Continue reading CATL in talks to buy controlling stake in Nio’s power unit, sources say
After Trump, EU seeks zero tariff from India on car imports, sources say
India and the EU have been in trade talks for several years and in February agreed to conclude the deal by the end of the year as they look to soften the impact of tariffs. The European Union wants India to eliminate tariffs on car imports under a long-pending trade deal and Prime Minister Narendra… Continue reading After Trump, EU seeks zero tariff from India on car imports, sources say
Tata Power gets nod to install 100-MW battery energy storage project in Mumbai
Furthermore, the system shall enhance reactive power administration, augmenting peak demand efficacy and bolstering the metropolitan electrical infrastructure. Tata Power on Monday said it has received authorisation from the Maharashtra Electricity Regulatory Commission (MERC) to establish a 100-MW battery energy storage system (BESS) initiative. The undertaking shall be implemented across 10 strategically positioned locations in… Continue reading Tata Power gets nod to install 100-MW battery energy storage project in Mumbai
Auto retail surge over 6% in FY25: FADA
Despite overall growth, dealers raised concerns about unrealistic sales targets set by OEMs, which strained finances and sustainability. The Federation of Automobile Dealers Associations (FADA) has released its vehicle retail data for FY25 and the month of March 2025. In FY25, vehicle retail sales grew by 6.46 per cent year-on-year (YoY). The numbers for March,… Continue reading Auto retail surge over 6% in FY25: FADA
China’s ‘indirect doles’ add to India’s concerns on easing checks on cos
Govt sources suspect some of the noise was being generated by Chinese firms whose bid to expand has been stalled in absence of govt approvals, prompting them to dilute equity in favour of Indian entities. Besides, China’s non-market economy status based on its policies, be it subsidies to manufacturers or loan write-offs, which some in… Continue reading China’s ‘indirect doles’ add to India’s concerns on easing checks on cos
Pune RTO witnesses 46% decline in applicants for special BH series registration numbers
The Regional Transport Office (RTO) here has registered a significant drop of around 46 per cent in people opting for the BH (Bharat) series registration numbers in the last financial year 2024-25, compared to FY 2023-24. Additionally, people opting for choice or special registration numbers also dropped by around 2 per cent in the last… Continue reading Pune RTO witnesses 46% decline in applicants for special BH series registration numbers
Fake RTO officer held for online scam
To appear credible, he even used police logos and officers’ photos on his Truecaller profile. Ashish Sharma, a 38-year-old man, was living a life of deception. Posing as an RTO officer, he duped vehicle owners in an online challan scam. His game was simple yet clever: send fake messages to unsuspecting vehicle owners, threatening to… Continue reading Fake RTO officer held for online scam
Tata Steel, other metal stocks crash up to 19% amid trade wars, growth concerns
Meanwhile, the shares of Hindalco fell by 9per cent to their day’s low of Rs 546.25 on the BSE. Indian metal stocks witnessed a sharp decline today, falling by up to 19per cent as global trade uncertainties and growth-related concerns weighed heavily on investor sentiment. The drop came amid heightened fears over the impact of… Continue reading Tata Steel, other metal stocks crash up to 19% amid trade wars, growth concerns