India is already the world’s largest electric three-wheeler market. The mobility sector in the emerging markets of South and Southeast Asia could absorb up to USD 1.3 trillion in green capital by 2030 and India holds the future, a new report said on Friday. In India, electric scooters and three-wheelers are currently around USD 40-… Continue reading USD 1.3 trillion opportunity for EV revolution in emerging Asia, India holds the future: Report
Author: Economic Times of India Online News
Discussions on how to protect domestic steel industry going on: Union Minister
The steel minister said efforts were also being made to strengthen the domestic alloy industry. The steel ministry is in discussions with the finance ministry to explore policy measures aimed at curbing increasing imports of steel, including imposition of a minimum import price and protecting the domestic industry, Union minister HD Kumaraswamy said on Wednesday.… Continue reading Discussions on how to protect domestic steel industry going on: Union Minister
Nippon Steel to sell USD 211 mn in assets to manage debt amid U.S. Steel deal
This ratio may come down to 0.7 by the end of March if certain steps are taken. Nippon Steel plans to sell at least 30 billion yen (USD 211 million) in assets in this fiscal year to manage its debt, the Nikkei quoted its vice chairman as saying on Friday, as it waits to know… Continue reading Nippon Steel to sell USD 211 mn in assets to manage debt amid U.S. Steel deal
UP to apply fluorescent strips on horns and necks of stray cattle to stop road accidents
P N Singh stated that the proposal is in its final stages and is expected to receive approval soon. In an effort to curb road accidents caused by stray cattle, the Uttar Pradesh government is set to implement a new safety measure. The plan involves outfitting stray cattle with fluorescent strips, particularly at night, to… Continue reading UP to apply fluorescent strips on horns and necks of stray cattle to stop road accidents
Coal India eyeing Argentina, Chile for critical minerals, says official
Coal India is exploring critical minerals in Argentina and is in discussions with Chile for lithium. State-run Coal India is scouting for critical minerals in Argentina and is in talks with officials in Chile for lithium, India’s federal mines secretary V. L. Kantha Rao said on Wednesday. India has been exploring ways to secure supplies… Continue reading Coal India eyeing Argentina, Chile for critical minerals, says official
EU, China boost efforts to avert electric-vehicle tariffs, says EU
The European Commission and China agreed to intensify efforts to prevent EU import tariffs on China-built electric vehicles. The European Commission and China agreed to intensify efforts to avert EU import tariffs on China-built electric vehicles and could re-examine a minimum-price deal previously rejected by the EU, the Commission said on Thursday. EU trade chief… Continue reading EU, China boost efforts to avert electric-vehicle tariffs, says EU
Volkswagen’s audit of Xinjiang plant failed to meet international standard, FT reports
An audit commissioned by Volkswagen at its Xinjiang site in China did not meet key international standards. An audit commissioned by Volkswagen into its jointly owned site in Xinjiang, China, failed to meet key aspects of the international standard the German carmaker’s auditor said it had set for the process, the Financial Times reported on… Continue reading Volkswagen’s audit of Xinjiang plant failed to meet international standard, FT reports
Germany considering ways to support VW, says economy minister
The finance chief of Volkswagen’s core brand, Patrik Andreas Mayer, is to swap roles with his counterpart at the automaker’s Seat subsidiary in Spain. Germany‘s government is considering ways to support Volkswagen , German economy minister and vice chancellor Robert Habeck said on Thursday, when asked about the threat of job cuts at the country’s… Continue reading Germany considering ways to support VW, says economy minister
Rupee likely to extend winning run on upbeat risk, Fed outlook
Investors are wagering that concerns over the U.S. labour market will make the Fed cut interest rates faster than what officials have projected. The Indian rupee is expected to open higher on Friday and add to its weekly advance, boosted by healthy risk appetite and bets the U.S. Federal Reserve will push borrowing costs further… Continue reading Rupee likely to extend winning run on upbeat risk, Fed outlook
India to ensure sufficient charging infrastructure for massive EV adoption: Kumaraswamy
Updated On Sep 20, 2024 at 08:29 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals H. D. Kumaraswamy New Delhi: India will ensure sufficient charging infrastructure to support the massive adoption of electric vehicles (EVs) across the country, Union Heavy Industries Minister H D Kumaraswamy said on Wednesday. The minister said… Continue reading India to ensure sufficient charging infrastructure for massive EV adoption: Kumaraswamy