Indian rupee is expected to weaken on Monday. The Indian rupee is expected to weaken at open on Monday after U.S. inflation data indicated that the Federal Reserve will not opt for a larger rate cut at this month’s meeting. The 1-month non-deliverable forward indicated that the rupee will open at 83.90 to the U.S.… Continue reading Rupee to decline after US data suggests larger Fed rate cut unlikely
Author: Economic Times of India Online News
China to pitch green tech exports to African leaders as Western curbs loom
China to host a summit with 50 African nations in Beijing to boost trade and promote its green technologies. China will urge a summit of 50 African nations in Beijing this week to take more of its goods, before Western curbs kick in on its exports such as electric vehicles and solar panels, in exchange… Continue reading China to pitch green tech exports to African leaders as Western curbs loom
Revenue growth of auto dealers to enter slow lane this year: Crisil report
Inventory of passenger vehicle dealers is said to have risen above normative levels to reach 50-55 days at the end of last year. The revenue growth of auto dealers is expected to slow to 7-9 %t this financial year after a healthy 14 % t last year, due to a moderation in sales volume growth… Continue reading Revenue growth of auto dealers to enter slow lane this year: Crisil report
Tata Motors sales dip 8% to 71,693 units in Aug 2024
In the passenger vehicle segment, including electric vehicles (EVs), sales dipped by 3%, totaling 44,486 units compared to 45,933 units in the same period last year. New Delhi: The sales of Tata Motors for August 2024 declined 8% to 71,693 units compared to 78,010 units sold in August last year. The drop covers both domestic… Continue reading Tata Motors sales dip 8% to 71,693 units in Aug 2024
Toyota Kirloskar motor partners with Union Bank Of India for vehicle loan
Toyota Kirloskar signed a memorandum of understanding (MoU) with Union Bank of India for providing vehicle financing solutions. Toyota Kirloskar Motor on Friday said it has signed a memorandum of understanding (MoU) with Union Bank of India for providing vehicle financing solutions. Under the partnership, customers can get up to 90 % financing on the… Continue reading Toyota Kirloskar motor partners with Union Bank Of India for vehicle loan
Crude, natural gas drag July core growth to 6.1%
India’s core sector grew 6.1% in July. New Delhi: India’s core sector, comprising eight major industries, grew 6.1% in July, higher than 5.2% in the previous month, official data showed Friday. The core sector comprising coal, crude oil, steel, cement, electricity, fertilisers, refinery products and natural gas industries had grown 8.5% in July 2023. Excluding… Continue reading Crude, natural gas drag July core growth to 6.1%
Fatalities in road accidents increased by 4 % in Delhi
Fatalities in road accidents have increased by 4%. New Delhi: The fatalities in road accidents have increased by 4% compared to last year’s data till August 15, according to the statistics compiled by the Delhi Police. As per the police’s crime statistics, accessed by PTI, a total of 831 fatal accidents took place this year… Continue reading Fatalities in road accidents increased by 4 % in Delhi
US trade chief Tai lauds Canada’s steep new tariffs on Chinese EV, metals
U.S. Trade Representative Katherine Tai endorsed Canada’s decision to impose a 100% tariff on Chinese-made electric vehicles. U.S. Trade Representative Katherine Tai on Thursday gave a strong endorsement to Canada’s decision to impose a 100% tariff on Chinese-made electric vehicles and 25% on Chinese steel and aluminum as she finalizes U.S. duties planned at similar… Continue reading US trade chief Tai lauds Canada’s steep new tariffs on Chinese EV, metals
EV tariffs can hurt European companies and industry, says Polestar CFO
Import tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies. Import tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies, the chief financial officer of Swedish EV maker Polestar said on Thursday. Steep tariffs recently… Continue reading EV tariffs can hurt European companies and industry, says Polestar CFO
China’s probes on EU products following EV tariffs
China launches probe on EU producers. China has opened an anti-subsidy probe into imported dairy products from the European Union, stepping up tension with the bloc a day after Brussels released its revised draft decision related to tariffs on China-made electric vehicles. Below are details on the probe into EU dairy imports and other industries… Continue reading China’s probes on EU products following EV tariffs