10 EU members backed tariffs and five voted against, with 12 abstentions. The European Commission said on Friday it had received enough support in a vote of EU members to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest profile trade case, risking retaliation from Beijing. The Commission,… Continue reading EU executive to adopt tariffs on Chinese EVs after vote
Author: Economic Times of India Online News
Vedanta reports rise in production of aluminium, zinc, iron ore in Q2
The aluminium output grew 3 % to 6,09,000 tonnes in the second quarter compared to the same period last year, Vedanta said. Mining giant Vedanta Ltd on Friday reported a rise in production of aluminium, zinc and iron ore in the September quarter. However, the production of steel, mined metal overseas and oil and gas… Continue reading Vedanta reports rise in production of aluminium, zinc, iron ore in Q2
US, India to cooperate on critical minerals: statement
Minister of Commerce and Industry Piyush Goyal. The United States and India are set to work together on supply chains for critical minerals that are key to clean energy technologies, the US Commerce Department said Thursday in a statement. US Commerce Secretary Gina Raimondo and India’s Minister of Commerce and Industry Piyush Goyal met in… Continue reading US, India to cooperate on critical minerals: statement
Green hydrogen hype fades as high costs force project retreat
Climate-friendly hydrogen was one of the most-hyped sectors in green energy. Climate-friendly hydrogen was one of the most-hyped sectors in green energy. Now the reality of its high cost is taking its toll. In recent months, some of the biggest would-be developers of the fuel have canceled projects, axed orders and scaled back investment plans.… Continue reading Green hydrogen hype fades as high costs force project retreat
Spain calls for compromise with China ahead of EU vote on EV tariffs
Spain calls for compromise with China ahead of EU vote on EV tariffs. The European Union should seek a compromise and negotiated outcome with China, Spain said on Thursday, on the eve of a crucial EU vote on electric vehicle (EV) tariffs. Instead of imposing tariffs, the EU should “keep negotiations open … beyond the… Continue reading Spain calls for compromise with China ahead of EU vote on EV tariffs
EU governments face pivotal vote on Chinese EV tariffs
France, Greece, Italy and Poland would vote in favour, enough to avert a blocking majority against tariffs. European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest profile trade case, which risks retaliation from Beijing. The European… Continue reading EU governments face pivotal vote on Chinese EV tariffs
How Delhi can take road to cleaner air
The analysis is based on data on the 65 long-term issues that were resolved and which were within the vicinity of the sensors. A new study by the Indian Institute of Technology, Delhi, has revealed a 15-26% drop in PM2.5, or extremely small, respirable pollutant particles, at three clusters in the city by tackling dispersed… Continue reading How Delhi can take road to cleaner air
Rupee to hold near all-time low on foreign outflows, oil worries
“For sure, (the dollar/rupee pair) would have opened well past 84 looking at oil, the well-bid dollar and the extent of selling (by foreigners in equities). The Indian rupee is likely to remain anchored near a lifetime low on Friday, hit by concerns over the deluge of foreign money being pulled out of domestic equities… Continue reading Rupee to hold near all-time low on foreign outflows, oil worries
Renewable Energy India Expo 2024: A key event for solar, battery storage, and EV sectors
The co-located REI Expo and The Battery Show India also feature several key highlights and sessions. Informa Markets in India has launched the 17th Renewable Energy India (REI) Expo at the India Expo Centre, Greater Noida, alongside the 2nd edition of The Battery Show India. The event, taking place from October 3 to 5, 2024,… Continue reading Renewable Energy India Expo 2024: A key event for solar, battery storage, and EV sectors
RSB Transmissions secures Bain Capital Investment for global expansion and M&A
Bain Capital’s financial and strategic support is expected to fuel RSB Transmissions’ growth initiatives and global expansion efforts. RSB Transmissions, a global leader in automotive, construction, and equipment systems manufacturing, has announced a strategic investment from Bain Capital, a top global private investment firm. This investment aims to support RSB’s growth initiatives, focusing on mergers… Continue reading RSB Transmissions secures Bain Capital Investment for global expansion and M&A