The initiative underscores Mahindra Logistics’ dedication to sustainability and carbon neutrality, leveraging technology to drive significant environmental impact in the logistics and supply chain sectors. Mahindra Logistics Limited announced a collaboration with AI-powered startup Sangti Solutions to reduce carbon emissions in the supply chain through a SaaS platform. The partnership aims to establish a fully… Continue reading Mahindra Logistics partners with Sangti Solutions to reduce carbon emissions through SaaS platform
Author: Economic Times of India Online News
Hindustan Zinc likely to dole out INR 6k crore in special dividend
Hindustan Zinc shares have returned 87% so far in 2024 compared to an 11% gain in the Sensex. During the June quarter, Hindustan Zinc’s market-cap more than doubled, adding nearly INR 1.6 lakh crore. Hindustan Zinc (HZL), an integrated producer of zinc and silver, is likely to announce a special dividend of INR 6,000 crore… Continue reading Hindustan Zinc likely to dole out INR 6k crore in special dividend
Steel prices trade at 3 year lows on increased supplies: Report
Steel imports rose by 38% to 8.319 MT in 2023-24, making India a net importer of the commodity. Domestic steel prices have dropped to a three-year low on account of increased imports, according to a report. Hot rolled coils (HRC) prices have fallen to INR 51,000 a tonne from a peak of INR 76,000 a… Continue reading Steel prices trade at 3 year lows on increased supplies: Report
China challenges against EU tariffs on EVs, appeals to WTO
The move further escalates global tension over protectionist policies related to EVs. The US and the EU have accused China of unfairly subsidising its EV market. The Chinese government filed a complaint with the World Trade Organisation on Friday over the European Union’s imposition of provisional additional tariffs on imports of Chinese electric vehicles, China… Continue reading China challenges against EU tariffs on EVs, appeals to WTO
China drags EU to WTO over EV tariffs
China and the EU have butted heads in recent years on a range of issues relating to trade, technology, human rights and national security. Beijing said Friday it had filed an appeal with the World Trade Organization (WTO) over the European Union’s imposition of additional tariffs on imports of electric vehicles from China. In July,… Continue reading China drags EU to WTO over EV tariffs
India saw ninefold increase in EV charging stations in last two years but why it isn’t enough
4Ws and buses require a mix of AC and DC charging solutions. India’s public electric vehicle (EV) charging infrastructure expanded nearly ninefold from 1,800 stations in February 2022 to 16,347 by March 2024. However, a recent report by Forvis Mazars warns that this growth still falls short of future needs. The report projects that by… Continue reading India saw ninefold increase in EV charging stations in last two years but why it isn’t enough
Auto parts traders in this Indian city are paying a price for Bangladesh unrest
The current instability in Bangladesh has compounded these issues, with Bhargava worried about potential losses from consignments already sent but not yet paid for. The political turmoil in Bangladesh is significantly impacting Delhi’s auto parts trade, particularly affecting markets like Kashmere Gate and Karol Bagh, which export spare parts to the neighboring country, TOI reported.… Continue reading Auto parts traders in this Indian city are paying a price for Bangladesh unrest
Greaves Cotton reports 12% revenue growth at INR 445 cr in Q1 FY25
This quarter also marked an extension of their global reach, with exports now constituting 12% of their engineering revenue, particularly to the United States and the European Union. Greaves Cotton Limited, a leading diversified engineering company in India, recorded standalone revenues of INR 445 crore for Q1 FY25, a 12% year-over-year growth. The quarterly EBITDA… Continue reading Greaves Cotton reports 12% revenue growth at INR 445 cr in Q1 FY25
Exicom to acquire industry leader Tritium; Expands global footprint in EV charging
This move broadens Exicom’s global reach and strengthens its commitment to research and development, thereby driving innovation in the EV charging industry. Exicom Tele-systems Limited, India’s largest manufacturer of electric vehicle chargers, announced today that its subsidiary, Exicom Power Solutions B.V. Netherlands, along with other step-down subsidiaries, has entered into a definitive agreement to acquire… Continue reading Exicom to acquire industry leader Tritium; Expands global footprint in EV charging
India’s EV market set to hit USD 48.6 bn by 2030; 1.32 mn EV chargers needed
India’s charging infrastructure faces unique demands due to the prevalence of 2Ws and 3Ws, which primarily use AC slow charging and battery swapping. New Delhi: India’s electric vehicle (EV) market is projected to reach USD 48.6 billion by 2030, according to a report by Forvis Mazars. This significant growth is driven by the rapid expansion… Continue reading India’s EV market set to hit USD 48.6 bn by 2030; 1.32 mn EV chargers needed