The registrations in October stood at 6,496, while in September the figure stood at 3,025. The festival season has filled the coffers of the Chandigarh administration as city registered bumper sale of vehicles during this period. While the administration earned revenue more than double in October than September 2024, vehicle registrations too more than doubled… Continue reading Vehicle sales hit top gear in festive season
Author: Economic Times of India Online News
CIL should prioritise augmenting coal production, supplies to reduce import: Minister
Coal will remain a central component of the country’s energy landscape for the coming decades State-owned CIL’s priorities should be to ramp up production of coal and scale up supplies to reduce imports, Union Minister G Kishan Reddy has said. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Speaking… Continue reading CIL should prioritise augmenting coal production, supplies to reduce import: Minister
India aims for top spot in global auto industry, says Nitin Gadkari
Nitin Gadkari New Delhi: Union Minister for Road Transport and Highways, Nitin Gadkari, laid out a vision to transform India into the world’s top automobile hub within the next decade, at the Spain-India Business Summit held in Mumbai. Citing India’s competitive advantages in production costs and labour, Gadkari expressed confidence in the country’s capacity to… Continue reading India aims for top spot in global auto industry, says Nitin Gadkari
Audio Interview: Recruiting industry executives for U.S. (and global) PE firms
Ron Hesse speaks with Gerald O’Dwyer In the 8-minute Audio Interview, Mr. O’Dwyer discusses these questions: What are the key qualities and experiences PE firms look for in industry executives when recruiting for leadership roles? How does the recruitment process for PE-backed roles differ from traditional corporate roles, especially concerning skills like operational efficiency and… Continue reading Audio Interview: Recruiting industry executives for U.S. (and global) PE firms
Unlocking the potential of electric vehicle financing: Navigating challenges and seizing opportunities
Electric vehicles, including e-rickshaws and two-wheelers, are becoming popular for businesses and individuals alike. New Delhi: The electric vehicle (EV) industry, especially in small commercial intra-city transportation, is transforming rapidly. The increasing adoption of EVs, driven by their lower cost of ownership, ease of driving, and environmental benefits, presents substantial opportunities for financial institutions. Sectors… Continue reading Unlocking the potential of electric vehicle financing: Navigating challenges and seizing opportunities
China urges France to get EU to arrive at palatable EV trade solution
Primas is on a three-day visit to challenge China over its import duties on brandy. China has urged France to take on “an active role” to push the European Commission towards a solution acceptable to both the European and Chinese electric vehicle industries, Beijing’s commerce ministry said on Monday, citing its minister. Wang Wentao, in… Continue reading China urges France to get EU to arrive at palatable EV trade solution
Bajaj Auto reports 8% decline in 2W sales at 2,55,909 units amid strong export growth
The decline in domestic sales reflects ongoing market challenges, with factors such as economic conditions and fluctuating consumer demand playing a role. Bajaj Auto reported an 8% year-on-year decline in its domestic two-wheeler sales for October 2024, selling 2,55,909 units compared to 2,78,486 units in October 2023. Despite this decline, the company’s overall two-wheeler sales,… Continue reading Bajaj Auto reports 8% decline in 2W sales at 2,55,909 units amid strong export growth
China urges France to get EU to arrive at palatable EV trade solution
But he said China is willing to work with the European Commission towards a “proper solution” as well, without elaborating. China has urged France to take on “an active role” to push the European Commission towards a solution acceptable to both the European and Chinese electric vehicle industries, Beijing’s commerce ministry said on Monday, citing… Continue reading China urges France to get EU to arrive at palatable EV trade solution
AM/NS to set up INR 1.4 lakh cr steel project in Andhra
The company has sought 2,600 acres of land for the first phase. In the second phase, AM/NS will add a capacity of 10.5 MMTPA with an investment of INR 60,000 crore and has sought an additional 2,000 acres of land. AM/NS India, a joint venture between ArcelorMittal and Japan’s Nippon Steel, is set to establish… Continue reading AM/NS to set up INR 1.4 lakh cr steel project in Andhra
Dollar decline to help rupee kick off big week on positive note
The dollar index was down 0.2%, while Asian currencies rallied. The offshore Chinese yuan, considered a direct play on the Nov. 5 U.S. election, rose to the highest in two-and-a-half weeks. The Indian rupee is expected to open higher on Monday, on the back of a decline in the U.S. dollar amid likely unwinding of… Continue reading Dollar decline to help rupee kick off big week on positive note