“The company believes that there is a strong case of merit and law, more specifically due to the recent judicial pronouncements,” it added. Vedanta on Wednesday said the customs authority has imposed a penalty of INR92.04 crore and a fine of INR10 crore on the company. The order was received on Tuesday, October 8, Vedanta… Continue reading Customs authority imposes INR 92.04 cr penalty, INR 10 cr fine on Vedanta
Author: Economic Times of India Online News
Industrial smart cities – pivot point in reshaping India’s manufacturing future
Industrial smart cities – pivot point in reshaping India’s manufacturing future Bharat’s strategic pursuit to become the world’s third-largest economy is driven by formidable fundamentals. Anchored firmly in the Prime Minister’s vision of Viksit Bharat, this ambition leverages a dynamic 1.4 billion-strong population with a median age of 28.4 years, a cutting-edge public digital infrastructure… Continue reading Industrial smart cities – pivot point in reshaping India’s manufacturing future
FICCI report projects $15 bn Taiwanese investment potential in India’s electronics and EV sectors
FICCI report projects $15 bn Taiwanese investment potential in India’s electronics and EV sectors The Federation of Indian Chambers of Commerce and Industry (FICCI) has highlighted five key manufacturing sectors in India with substantial investment potential for Taiwan. The report, titled ‘Unlocking the Potential: The Benefits of India as a Partner for Taiwanese Enterprises’, identifies… Continue reading FICCI report projects $15 bn Taiwanese investment potential in India’s electronics and EV sectors
China targets EU brandy in EV tariff vote tit-for-tat
China targets EU brandy in EV tariff vote tit-for-tat China imposed temporary anti-dumping measures on imports of brandy from the EU on Tuesday, hitting French brands including Hennessy and Remy Martin, days after the 27-state bloc voted for tariffs on Chinese-made electric vehicles (EVs). China’s commerce ministry said that an investigation had preliminarily determined that… Continue reading China targets EU brandy in EV tariff vote tit-for-tat
Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute
Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute. Brussels rejected a proposal by the Chinese government for imported electric vehicles made in China to be sold at a minimum price of 30,000 euros ( USD 32,946), three sources said, a move Beijing hoped would avert EU tariffs being imposed next… Continue reading Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute
E-car sales fall for the 6th straight month in September, e-2Ws continue on growth path
In a sharp contrast—though on a low base, most of the other manufacturers saw an uptick in their volumes month-on-month as well year-on-year. Electric car sales in India fell for the sixth straight month in September by 7.76% dragged down by market leader, Tata Motors, even as e-two wheelers continued on the growth path advancing… Continue reading E-car sales fall for the 6th straight month in September, e-2Ws continue on growth path
Optimistic about Tata Motors, M&M, in no hurry to buy Ola Electric: Deven Choksey
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says he remains reasonably optimistic about the possibilities for Tata Motors. M&M is a different story altogether. All the new vehicles which they are booking, are for about one-and-a-half to two years of delivery schedule and that is amazing. As for… Continue reading Optimistic about Tata Motors, M&M, in no hurry to buy Ola Electric: Deven Choksey
Increasing mining operations, launching new projects to make India self-reliant in coal sector
Union Minister and Coal and Mines, G Kishan Reddy. Coal minister G Kishan Reddy on Monday stressed on increasing existing mining operations and launching new projects to make the country self-reliant in the coal sector. Reddy said all the subsidiaries of state-owned Coal India Ltd (CIL) should achieve their annual targets in a bid to… Continue reading Increasing mining operations, launching new projects to make India self-reliant in coal sector
Car sales decline 29%, two-wheelers down 35.8%
Car sales decline 29%, two-wheelers down 35.8% Vehicle sales in the state remained muted in Sep owing to the inauspicious period and heavy rainfall. Pranav Shah, chairman of FADA – Gujarat, said, “The decline in sales took place due to several reasons. Heavy rainfall in the Saurashtra and South Gujarat regions of the state adversely… Continue reading Car sales decline 29%, two-wheelers down 35.8%
EU backing for China EV tariffs shows Berlin’s waning influence
EU backing for China EV tariffs shows Berlin’s waning influence. German Chancellor Olaf Scholz’s rejection of EU tariffs on Chinese electric vehicles failed to stop fellow European Union members voting in favour, exposing how a divided Berlin is struggling to drive EU policy. The contrast with a decade ago is stark. Then a burst of… Continue reading EU backing for China EV tariffs shows Berlin’s waning influence