The analysts said that while Rivigo would remain loss-making, these would narrow in the coming quarters as volumes pick up. India’s Mahindra Logistics reported a smaller quarterly loss on Monday, helped by steady demand in its third-party logistics business and narrower losses in its express commerce segment. The logistics services provider reported a consolidated net… Continue reading India’s Mahindra Logistics reports eighth straight quarterly loss, albeit narrower in Q3
Author: Economic Times of India Online News
JSW Group forays into copper mining with two J’khand blocks
Copper has been seeing renewed interest in the last few years, given its criticality in new energy and technology developments. The JSW Group, whose flagship company JSW Steel is India’s largest producer of the primary infrastructure alloy, is foraying into copper mining with an investment of INR 2,600 crore. The group has won two blocks… Continue reading JSW Group forays into copper mining with two J’khand blocks
Rupee to weaken tracking Asian peers as global risk appetite sours
Meanwhile, the Reserve Bank of India announced a host of measures post-market hours on Monday, which analysts and traders reckon could be a precursor to a rate cut next month. The Indian rupee is expected to open lower on Tuesday tracking a decline in most of its regional peers as a selloff in U.S. tech… Continue reading Rupee to weaken tracking Asian peers as global risk appetite sours
Hike allocation for upskilling initiatives in Budget to create future-ready workforce: Tata Tech
India’s focus on sustainability and green mobility can benefit from policies encouraging the adoption and manufacturing of electric vehicles (EVs) and clean energy solutions, he added. Ahead of the Union Budget, Tata Technologies on Monday called for increased allocation toward upskilling initiatives aligned with Industry 4.0 to create a future-ready workforce. In order to achieve… Continue reading Hike allocation for upskilling initiatives in Budget to create future-ready workforce: Tata Tech
Exicom and ChargeZone partner to deploy 500+ high-power EV charging stations
Exicom will develop and supply high-power charging solutions for ChargeZone’s upcoming hubs and public locations. Exicom and ChargeZone are partnering to deploy over 500 advanced EV charging stations across India, integrating renewable energy solutions to support the country’s transition to electric mobility. This collaboration aims to address the growing need for reliable and sustainable charging… Continue reading Exicom and ChargeZone partner to deploy 500+ high-power EV charging stations
Why dealership owners must prioritise DPDPA compliance
Dealerships that act now will not only ensure compliance but also position themselves as industry leaders. The Digital Personal Data Protection Act (DPDPA) introduces strict regulations on personal data collection, processing, and storage. Draft rules are open for consultation until February 2025, with implementation expected within 24 months. This regulation will significantly impact dealerships, leaving… Continue reading Why dealership owners must prioritise DPDPA compliance
India’s finished steel imports from China hit 7-year high in April-Dec
India is conducting a probe to determine the need for imposition of a safeguard duty or a temporary tax to curtail unbridled steel imports. India’s finished steel imports from China touched their highest levels in at least seven years during the first nine months of the financial year that began in April, according to provisional… Continue reading India’s finished steel imports from China hit 7-year high in April-Dec
Demand revival in emerging markets aids automobile exports grow 19% in 2024
Passenger car dispatches, however, declined 4% last year to 4,12,148 units as compared to 4,27,876 units in 2023. Automobile exports from India rose 19% year-on-year in 2024 led by a robust dispatch of two-wheelers, passenger vehicles and commercial vehicles, according to SIAM data. Overall shipments rose to 50,98,810 units last year, up 19% from 42,85,809… Continue reading Demand revival in emerging markets aids automobile exports grow 19% in 2024
Rupee recovery to fade on yuan weakness, Trump worries
The 1-month non-deliverable forward indicated that the rupee will open at near 86.30 to the U.S. dollar compared with Friday’s close at 86.2050. The Indian rupee, following last week’s relief rally, is expected to decline on Monday, weighed by the dip in the Chinese yuan and persisting worries over U.S. President Donald Trump’s trade policies.… Continue reading Rupee recovery to fade on yuan weakness, Trump worries
Demand revival in emerging markets aids automobile exports grow 19% in 2024
In 2024, passenger vehicle exports grew 10% to 7,43,976 units as compared to 6,77,956 units in January-December period of 2023. Automobile exports from India rose 19% year-on-year in 2024 led by a robust dispatch of two-wheelers, passenger vehicles and commercial vehicles, according to SIAM data. Overall shipments rose to 50,98,810 units last year, up 19%… Continue reading Demand revival in emerging markets aids automobile exports grow 19% in 2024