JSW Steel USA is part of the USD 24 billion JSW Group, with over 800 employees. JSW Steel USA, a subsidiary of India’s leading steel company, on Tuesday said it plans to invest USD 110 million in steel projects in the state of Texas. The company said this investment will enable the production of high-quality… Continue reading JSW Steel USA to invest USD 110 mn to expand renewable energy biz
Author: Economic Times of India Online News
German Engineering Materials major Envalior prepares for expansion in India, a ‘focal area’ in its global plans
The investment will be part of a five year global plan of Envalior. New Delhi: A little over a year ago, two formidable global competitors – DSM Engineering Materials and Lanxess High Performance Materials, were combined to form Envalior. And, India had an influence in the deal. “It was one of the huge attractions for… Continue reading German Engineering Materials major Envalior prepares for expansion in India, a ‘focal area’ in its global plans
FAST India releases State of Industry R&D in India for the Automobile and Components sector in collaboration with IIFL Securities
It highlights key disparities in R&D intensity, the proportion of PhD employees, patent outputs, and publication rates, offering valuable insights for policymakers and industry stakeholders. FAST (Foundation for Advancing Science and Technology) India, in collaboration with IIFL Securities, has released a detailed sectoral brief on the Automobile and Components sector. The report provides a comprehensive… Continue reading FAST India releases State of Industry R&D in India for the Automobile and Components sector in collaboration with IIFL Securities
Rupee likely to dip despite uptick on Asian peers
Indian bonds will be included in the widely tracked JP Morgan emerging market index on June 28, spurring inflows of near to USD 2 billion. The Indian rupee, tracking non-deliverable forwards, is expected to decline slightly at open on Tuesday despite a recovery in Asian peers and the country a logging current account surplus for… Continue reading Rupee likely to dip despite uptick on Asian peers
Certification to be must for road expansion joints
The government has set a target to reduce road accidents and fatalities by half by 2030 and faulty expansion joints can lead to damaged roads and bridges which in turn may lead to accidents. New Delhi: The road transport and highways ministry will soon make it mandatory for road contractors to get all expansion joints… Continue reading Certification to be must for road expansion joints
Iron ore dragged down further by weak steel demand in China
Iron ore prices have been under downward pressure as steel demand remained weak and expectations of a steel output cut lingered, analysts at SOOCHOW Futures said in a note. Iron ore futures prices extended their decline for a fourth straight session on Tuesday, undermined by the seasonally-weak steel demand in top consumer China, although improved… Continue reading Iron ore dragged down further by weak steel demand in China
Electric vehicles: Desi automakers are seizing export opportunities driven by increased demand for cleaner mobility
With large-scale, developed EV supply chain and ecosystems, these companies are leveraging proven abilities in frugal manufacturing to sell in Europe, where electric is projected to account for a quarter of car sales this year. New Delhi: Domestic auto makers are grabbing the export opportunity presented by a growing preference for cleaner mobility in developed… Continue reading Electric vehicles: Desi automakers are seizing export opportunities driven by increased demand for cleaner mobility
Rupee underpinned by expected inflows, countered by weak Asian peers
The rupee was at 83.5350 to the U.S. dollar at 11:12 a.m. IST, having risen to 83.4625 immediately after open. It closed at 83.5325 on Friday. The Indian rupee was largely unchanged on Monday with expectations of dollar inflows related to domestic bonds being included in a JPMorgan index being countered by weakness in the… Continue reading Rupee underpinned by expected inflows, countered by weak Asian peers
eInfochips bags twin ISG Standout Case Studies for surgical display platform, EV charging
The platform optimises electric vehicle (EV) charging management, facilitating advancements in charger efficiency and system manageability. eInfochips, an Arrow Electronics company, a provider of product engineering and digital transformation services, announced that two of its client engagements have been recognised as Standout Case Studies by ISG, in the energy and healthcare, and life sciences categories… Continue reading eInfochips bags twin ISG Standout Case Studies for surgical display platform, EV charging
Iron ore futures plummet to two-month low on leak steel demand in China
Other steelmaking ingredients on the DCE retreated further, with coking coal and coke down 2.34% and 2.14%, respectively. Prices of iron ore futures extended losses on Monday to their lowest levels in more than two months, pulled down by signs of dull steel consumption in top consumer China and a stronger U.S. dollar. The most-traded… Continue reading Iron ore futures plummet to two-month low on leak steel demand in China