Trump threatens a 200% tariff on vehicles imported from Mexico. Republican U.S. presidential candidate Donald Trump on Sunday said he would slap tariffs as high as 200% on vehicles imported from Mexico as he ratchets up his protectionist trade rhetoric ahead of the Nov. 5 election. Trump, facing Democrat Kamala Harris in a tight race,… Continue reading Trump threatens a 200% tariff on vehicles imported from Mexico
Author: Economic Times of India Online News
Over 60 % of South Korea’s automotive exports shipped to North America
Over 60 % of South Korea’s automotive exports shipped to North America. Over 60 % of South Korea’s automotive exports throughout most of 2024 have been shipped to North America, industry data showed on Sunday, raising calls for companies to consider more balanced global export strategies. Of those, 61.4 % , or 1,140,073 units, were… Continue reading Over 60 % of South Korea’s automotive exports shipped to North America
Rupee to remain moored at 84/USD after 50 bps Fed rate cut priced out
The Indian rupee is expected to hold near its all-time low on Monday. The Indian rupee is expected to hold near its all-time low on Monday after a blowout U.S. jobs report prompted investors to almost fully price out the likelihood of the Federal Reserve opting for one more large rate cut at their next… Continue reading Rupee to remain moored at 84/USD after 50 bps Fed rate cut priced out
Exicom acquires US EV charging company Tritium for INR 310 cr
Exicom has absorbed the entire workforce of 300 people at Tritium in the company. Home grown EV charging solutions firm Exicom has acquired US-based DC fast charging technology company Tritium for USD 37 million, or about INR 310 crore, a senior company official said. Exicom managing director Anant Nahata told PTI that the company is… Continue reading Exicom acquires US EV charging company Tritium for INR 310 cr
Key infra projects get approval under NHAI annual plan
The chosen alignment will be sent to NHAI’s head office by the end of the month, after which the DPR will be prepared and land acquisition will begin. Key infrastructure projects in the city and across the state have been approved as part of the National Highways Authority of India’s (NHAI) annual plan for 2024-25.… Continue reading Key infra projects get approval under NHAI annual plan
Quality concerns push HRS to test Chengalpet road
When contacted, HRS official M Saravanan’s office declined to share the test results or clarify if immediate relaying of the road would be recommended. A conflict between elected representatives and a highway contractor over poor road quality in Chengalpet has led the Highways Research Station (HRS) to conduct quality tests. The issue traces back to… Continue reading Quality concerns push HRS to test Chengalpet road
VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU
The Commission, which oversees the bloc’s trade policy, has said they would counter what it sees as unfair Chinese subsidies after a year-long anti-subsidy investigation, but it also said on Friday it would continue talks with Beijing. The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric… Continue reading VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU
Hindalco, JSW Steel in race for copper mines in Jharkhand
Hindustan Copper had earlier invited applications for appointment of mine developer-cum-operator (MDO) for re-opening and expansion of Rakha Copper Mine and development and operations of underground Mine at Chapri. Aditya Birla Group firm Hindalco Industries and Sajjan Jindal-led JSW Steel are in the race for two copper mines in Jharkhand which will be put on… Continue reading Hindalco, JSW Steel in race for copper mines in Jharkhand
2Ws and tractors are poised for significant growth between FY24-FY26: Report
Domestic two-wheeler volumes are estimated to grow by approximately 15% YoY in Q2FY25, driven by improved rural demand, continued urban interest, and accessible financing options. The auto sector is projected to experience 8% year-on-year (YoY) growth in revenue and earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the second quarter of FY25, according to… Continue reading 2Ws and tractors are poised for significant growth between FY24-FY26: Report
Reliance, Tata & Adani can’t seem to fill positions in this booming sector
Tata Electronics, the group’s electronics contract manufacturing business, has trained 400 employees so far, with more set to travel to Taiwan to learn specialised skills required for chip manufacturing. Tata group, Reliance Industries, Adani Group, Vedanta, Larsen & Toubro and JSW Group are among the conglomerates rushing to hire expatriates and returning Indians to propel… Continue reading Reliance, Tata & Adani can’t seem to fill positions in this booming sector