According to Ind-Ra, the safeguard duty will allow domestic steel prices to rise by up to 13.2 per cent , factoring in the 12 per cent duty and 10 per cent cess, based on February 2025 price levels. New Delhi: Domestic steelmakers may get pricing headroom of up to ₹6,000 per tonne on hot rolled… Continue reading 12% safeguard duty on flat steel imports could raise prices by ₹6,000 per tonne: Ind-Ra
Author: Economic Times of India Online News
JLR exports: TaMo shares worst hit in India’s mo-town
Updated On Mar 28, 2025 at 08:18 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals On the NSE, Nifty gained 105 points to 23,592 points. Some auto and ancillary stocks saw strong selling on Thursday after the US imposed a 25% import tariff on these products, effective May 2025. Tata Motors,… Continue reading JLR exports: TaMo shares worst hit in India’s mo-town
BP to sell over 260 retail stores, EV charging assets and more in Austria
The scope of sale includes more than 260 retail sites across the country, its associated Austrian fleet business, EV charging assets and BP’s shares in the company operating the Linz fuel terminal non-operated joint venture. BP said on Thursday it plans to sell its mobility and convenience business in Austria, as the oil giant reshapes… Continue reading BP to sell over 260 retail stores, EV charging assets and more in Austria
Exicom and IONAGE collaborate to develop unified EV charging network in India
The combination of Exicom’s hardware and IONAGE’s software will provide a plug-and-play solution that simplifies EV charging for businesses, fleets, dealerships, and individual users. Exicom, a manufacturer of EV charging and critical power solutions in India, has announced a partnership with IONAGE, an EV charging software platform provider. The collaboration aims to establish a neutral… Continue reading Exicom and IONAGE collaborate to develop unified EV charging network in India
Wardwizard expands fleet operations, enters ride-hailing sector
“The noteworthy success of our Hyderabad deployment has proven the efficiency and reliability of our integrated fleet solutions. Wardwizard Innovations & Mobility, operating under the brands ‘Joy e-bike’ and ‘Joy e-rik’, is expanding its fleet operations by deploying 400 electric two-wheelers in Kolkata, Pune, and Ahmedabad. This follows the successful deployment of 100 electric two-wheelers… Continue reading Wardwizard expands fleet operations, enters ride-hailing sector
GAIL, Coal India form joint venture to boost synthetic gas production
The company also rewarded investors by declaring an interim dividend of ₹5.6 per equity share for the financial year 2024-25. GAIL (India) Limited and Coal India Limited on Tuesday announced the formation of a joint venture, Coal Gas India Limited, to expand the use of synthetic natural gas. The company has been set up with… Continue reading GAIL, Coal India form joint venture to boost synthetic gas production
Tata Motors, Samvardhana Motherson and other auto cos may face Trump’s 25% tariff heat, shares slump
India’s auto component exports to the US was $6.79 billion in FY24, while the country’s imports from the US stood at $1.4 billion at 15 per cent duty, reported PTI citing industry estimates. US President Donald Trump’s decision to impose a 25per cent tariff on all auto imports has sent shockwaves across the global automobile… Continue reading Tata Motors, Samvardhana Motherson and other auto cos may face Trump’s 25% tariff heat, shares slump
Despite geo-political uncertainties, India’s exports set to cross $800 bn
Despite global uncertainties, India’s exports are set to surge, said Director General of Foreign Trade (DGFT), Santosh Kumar Sarangi, adding that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. According to him, the current geo-political scenario presents a golden opportunity for India to propel exports and increase manufacturing… Continue reading Despite geo-political uncertainties, India’s exports set to cross $800 bn
Vedanta board approves appointment of Rajiv Kumar as CEO of aluminium biz
Rajiv Kumar New Delhi, Vedanta on Wednesday said its board has approved the appointment of Rajiv Kumar as CEO of its aluminium business. The development comes at a time when Vedanta is demerging its businesses, including its aluminium business, into four independent entities. “The board of directors at its meeting held on Wednesday, March 26,… Continue reading Vedanta board approves appointment of Rajiv Kumar as CEO of aluminium biz
Most carmakers & consumers stand to lose as Trump’s tariffs spread the pain
The US neighbors could use that window to try to stave off full implementation, even if it’s a long shot. As the fallout from President Donald Trump’s tariff plans comes into relief, a harsh truth is emerging for the automotive industry: There are lots of losers and not many winners. From South Korea’s Hyundai Motor… Continue reading Most carmakers & consumers stand to lose as Trump’s tariffs spread the pain