The agreement was finalised after discussions at the G20 Summit in Rio and intense rounds of negotiation led by Commerce Minister Piyush Goyal and UK Secretary of State Jonathan Reynolds. The recently concluded Free Trade Agreement (FTA) between India and the United Kingdom is set to transform the automotive landscape by slashing import tariffs on… Continue reading India-UK FTA shifts gears: Tariff cuts to drive growth in auto, EV and component trade
Author: Economic Times of India Online News
Uber to buy 85% stake in trendyol for $700 million
Trendyol Go app is expected to be accretive to Uber’s growth. Uber Technologies agreed to buy 85% of a Turkish food and grocery delivery platform controlled by Chinese ecommerce giant Alibaba Group Holding, in the latest example of consolidation in the global food-delivery industry. The transaction will be made in cash and on a debt-free… Continue reading Uber to buy 85% stake in trendyol for $700 million
Auto cos fear lower UK tariffs may lead to Chinese dumping
While the Indian component industry welcomed the move, as duty on imports of India’s parts to the UK will be slashed to zero, car companies remain tense in the absence of clarity. The Indian automobile industry reacted with caution to FTA with the UK, which aims to reduce import duty to 10%. Companies, which are… Continue reading Auto cos fear lower UK tariffs may lead to Chinese dumping
India, UK successfully conclude mutually beneficial Free Trade Agreement: PM Modi
The deal has been concluded after three years of stop-start negotiations and aims to increase bilateral trade by a further 25.5 billion pounds by 2040 with liberal market access and eased trade restrictions. Prime Minister Narendra Modi on Tuesday announced the conclusion of the Free Trade Agreement (FTA) with the United Kingdom (UK), along with… Continue reading India, UK successfully conclude mutually beneficial Free Trade Agreement: PM Modi
Continental reports strong Q1 profit on cost cuts but tariff uncertainty looms
Continental’s adjusted EBIT margin in the first three months of 2025 was 6.0per cent versus a forecast 5.1per cent. German car parts maker Continental reported stronger-than-expected earnings growth on Tuesday in part from cost-cutting efforts, although it warned increasing U.S. trade restrictions from higher tariffs pose economic risks. “We made a solid start to the… Continue reading Continental reports strong Q1 profit on cost cuts but tariff uncertainty looms
Tata Motors shares fall 2% ahead of key demerger vote
The company said the gross debt will be split between the new entities based on their asset sizes, currently divided in a 60:40 ratio in favour of the CV business. Tata Motors shares declined 2.02 per cent to close at ₹648.2 on Tuesday, as shareholders convened virtually to vote on the company’s proposed demerger. The… Continue reading Tata Motors shares fall 2% ahead of key demerger vote
Volvo Cars’ battery company Novo Energy to cut half of workforce
Northvolt, once considered Europe’s best hope for a battery champion, filed for bankruptcy in March. Volvo Cars’ battery company Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after evaluating its business to take account of the bankruptcy of Sweden’s Northvolt, which originally co-owned the venture. “Despite our best… Continue reading Volvo Cars’ battery company Novo Energy to cut half of workforce
M&M shares rise over 4% as Q4 results beat estimates
M&M’s board recommended a dividend of ₹25.30 per share, marking a 20% increase for FY26, with a record date set for July 4, 2025. Shares of Mahindra & Mahindra (M&M) climbed as much as 4.3% on Tuesday to₹3,150 on BSE after the auto major posted stronger-than-expected March quarter results and announced a sharp hike in… Continue reading M&M shares rise over 4% as Q4 results beat estimates
Hindustan Zinc advances research in zinc-based battery technologies
Hindustan Zinc is also working with US-based battery manufacturer AEsir Technologies on nickel-zinc battery technology. Hindustan Zinc Limited is progressing in the development of zinc-based battery technologies through partnerships with leading Indian research institutions. Early-stage research indicates the possibility of future commercial viability for these alternatives to lithium-based systems. Zinc batteries are being explored as… Continue reading Hindustan Zinc advances research in zinc-based battery technologies
M&M’s Q4 net profit jumps 22% to ₹2,437 crore
M&M’s board has recommended a dividend of ₹25.30 per share. Mahindra & Mahindra (M&M) has reported a 22 per cent year-on-year (YoY) increase in its standalone net profit for the March quarter (Q4) of FY25, reaching ₹2,437 crore. The company’s revenue also saw a significant rise of 24 per cent YoY to ₹31,609 crore, comfortably… Continue reading M&M’s Q4 net profit jumps 22% to ₹2,437 crore