Overall exports stood at 45,00,492 units in the last fiscal year as compared with 47,61,299 units in FY23. New Delhi: Automobile exports from India in the first six months of the current fiscal year rose 14 per cent year-on-year, led by gains in shipments of passenger vehicles and two-wheelers. According to Siam data, the overall… Continue reading Automobile exports from India rise 14% in Apr-Sep period
Author: Economic Times of India Online News
CNG price may go up INR 4-6 on input supply cut, excise duty cut to ease situation
City gas retailers are forced to buy imported and costlier liquefied natural gas (LNG) to make up for the shortfall, which will lead to a hike in CNG prices that varies from INR 4-6/kg. New Delhi: The government has slashed by up to 20 per cent the supplies of cheaper domestically produced natural gas to… Continue reading CNG price may go up INR 4-6 on input supply cut, excise duty cut to ease situation
India’s Jindal SAW posts 32.5% jump in Q2 profit
Jindal SAW. India’s Jindal SAW reported a rise in second-quarter profit on Friday, as demand in its key Middle East and North Africa (MENA) markets remained steady while expenses came in nearly flat. The company, which makes steel pipes for the energy, transportation and water sectors, said its consolidated profit after tax grew 32.5% to… Continue reading India’s Jindal SAW posts 32.5% jump in Q2 profit
Almost half of those taking automated DL test failing it
Driving tests in Delhi were automated in May 2023. In Delhi, roughly 50% of applicants taking the automated driving test fail, with success rates below 45% at the test centres in Rohini, Raja Garden and Shakur Basti. Delhi govt’s transport department said that in Jan-Aug, the pass percentage in driving tests for light motor vehicles… Continue reading Almost half of those taking automated DL test failing it
Centre gives nod to 3 Green Hydrogen Pilot Projects for Steel Cos
These three projects have been approved under the Rs 19,744 crore National Green Hydrogen Mission launched in January 2023. The government has approved three pilot projects that could increase the use of green hydrogen in the steel sector These projects, which will receive Rs 347 crore in funding from the government, were selected following an… Continue reading Centre gives nod to 3 Green Hydrogen Pilot Projects for Steel Cos
Hindustan Zinc to pursue demerger, says CEO
Last year, the company said it planned to create separate entities for its zinc, lead, silver and recycling businesses to unlock “potential value”. India’s Hindustan Zinc is discussing the possibility of splitting the company into two units with the Indian government, which is opposed to the proposal, CEO Arun Misra said on Friday. Misra’s comments… Continue reading Hindustan Zinc to pursue demerger, says CEO
Government selects SAIL, two consortiums for pilot projects for using hydrogen in steelmaking
“As part of the National Green Hydrogen Mission, the Union Government has sanctioned three pilot projects for the use of Hydrogen in steel production,” the MNRE said. The government has sanctioned three pilot projects for using hydrogen in steel production to SAIL and two consortiums, an official statement said on Friday. A financial support of… Continue reading Government selects SAIL, two consortiums for pilot projects for using hydrogen in steelmaking
Monetising customer data in EV charging is redefining India’s automotive future
EV charging stations, equipped with advanced sensors and software, collect invaluable data during charging sessions. New Delhi: India’s EV 30@30 initiative, targeting a 30% share of new car sales by 2030, heralds a transformative era for the nation’s automotive landscape. A KPMG study forecasts India will house 102 million EVs and 2.9 million public charging… Continue reading Monetising customer data in EV charging is redefining India’s automotive future
Secondary long steel producers likely to see 7% rise in revenues in FY25: Crisil Ratings
Producers of long steel products in the secondary sector are expected to see a 7 per cent growth. Producers of long steel products in the secondary sector are expected to see a 7 % growth in their revenues in the ongoing financial year, Crisil Ratings said on Thursday. Secondary steel makers produce recycled products using… Continue reading Secondary long steel producers likely to see 7% rise in revenues in FY25: Crisil Ratings
Shared cabs filling Noida’s public transport gap, but there’s a risk
Despite their affordability, these shared cabs carry significant risks. The city’s inadequate public transport has forced residents to rely on unregulated shared cabs, particularly in areas like sectors 16 and 37, Pari Chowk and Botanical Garden mostly to travel to Delhi. Outside Sector 16 metro station, commercial and private cars queue up each day to… Continue reading Shared cabs filling Noida’s public transport gap, but there’s a risk