The EU’s spending on imported fossil fuels plunged to 163 billion euros in 2020 during COVID-19 lockdowns, then peaked at 604 billion euros in 2022. Plans due to be published by the European Commission on Wednesday could shave 45 billion euros (USD 47.3 billion) off the EU’s fossil fuel import bill this year, according to… Continue reading EU says energy plan could cut 45 billion euros off fossil fuel import bill
Author: Economic Times of India Online News
India, EU to firm up coop in AI, EVs, chips & telecom
The heavy-duty EU visit will also coincide with the second meeting of the Trade and Technology Council with the EU India and the European Union at their high-level meeting here this week are expected to agree to collaborate in areas such as artificial intelligence, electric vehicles, semiconductors and telecoms, with a focus on “secure and… Continue reading India, EU to firm up coop in AI, EVs, chips & telecom
US tariffs: Tata Steel pitches for safeguard duties on imports
The US tariff has an indirect impact on the steel industry in India. Tata Steel‘s managing director TV Narendran on Tuesday pitched for safeguard duties on steel imports to protect the domestic steel industry from the indirect impact of US tariff hikes. He said many countries have initiated similar actions on steel imports, pointing out… Continue reading US tariffs: Tata Steel pitches for safeguard duties on imports
Mines ministry aims for 115 mineral block auctions by FY25, but slow approvals delay operationalisation
“We expect to conduct bids for 115 mineral blocks in total by the end of fiscal 2024-25” The mines ministry has successfully bid out 100 mineral blocks in the current financial year and hopes to auction 15 more before the fiscal ends, officials aware of the plans said. If achieved, this will surpass the previous… Continue reading Mines ministry aims for 115 mineral block auctions by FY25, but slow approvals delay operationalisation
Kremlin talks up mineral trade opportunities with US
US President Donald Trump is pushing for Ukraine to sign a deal giving it privileged access to its reserves of valuable minerals such as titanium and lithium. The Kremlin said Tuesday that it sees potential for cooperation with the United States on developing Russia’s large reserves of strategically important rare and rare earth minerals. President… Continue reading Kremlin talks up mineral trade opportunities with US
New York City congestion program collected USD 48.6 million in January
Charged via electronic license plate readers, private cars pay once a day regardless of how many trips they make into the central business district. New York City collected USD 48.6 million in revenue from the first month of its congestion pricing program that the Trump administration has moved to kill, a transit agency said. The… Continue reading New York City congestion program collected USD 48.6 million in January
Audio Interview: U.S. Steel and Aluminum Tariffs: Effects on the Global Automotive Industry
Ron Hesse speaks with Lisa Reisman In the 15-minute Audio Interview, Ms. Reisman discusses these questions: Can you give an overview of the new steel and aluminum tariffs and how they are different / similar to Section 232? Can you walk us through how this is likely going to impact the automotive industry in particular?… Continue reading Audio Interview: U.S. Steel and Aluminum Tariffs: Effects on the Global Automotive Industry
Telangana’s used car market sees 50% surge in inspections and rising demand for luxury vehicles: Spinny
This replaces previously favored models like the Elite i20. The demand for automatic transmissions has increased from 19% in 2022 to 25% in 2024. Spinny, a used car platform, reported a significant increase in used car sales in Telangana in 2024, driven by changing consumer behavior and increased trust in online transactions. Women are a… Continue reading Telangana’s used car market sees 50% surge in inspections and rising demand for luxury vehicles: Spinny
Euler Motors joins hands with Tata Power Renewables for fast-charging infra
Tata Power Renewables has agreed to modify chargers, if needed, to accommodate the higher capacity delivered by Euler Motors’ vehicles, the company said in a media release. Euler Motors and Tata Power Renewables have partnered to expand fast-charging infrastructure for commercial electric vehicles (EVs). This agreement aims to address charging accessibility concerns for commercial EV… Continue reading Euler Motors joins hands with Tata Power Renewables for fast-charging infra
1.49 lakh EVs registered in 8 yrs till 2024, says Odisha’s Transport Min
The data shows a compelling trend in EV adoption across different vehicle categories. The state has witnessed a remarkable increase in electric vehicle (EV) registrations, with approximately 1.49 lakh registered between 2016 and 2024, commerce and transport minister Bibhuti Bhusan Jena recently informed the assembly. Responding to a query from MLA Upasana Mohapatra, the minister… Continue reading 1.49 lakh EVs registered in 8 yrs till 2024, says Odisha’s Transport Min