France, Greece, Italy and Poland would vote in favour, enough to avert a blocking majority against tariffs. European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest profile trade case, which risks retaliation from Beijing. The European… Continue reading EU governments face pivotal vote on Chinese EV tariffs
Author: Economic Times of India Online News
How Delhi can take road to cleaner air
The analysis is based on data on the 65 long-term issues that were resolved and which were within the vicinity of the sensors. A new study by the Indian Institute of Technology, Delhi, has revealed a 15-26% drop in PM2.5, or extremely small, respirable pollutant particles, at three clusters in the city by tackling dispersed… Continue reading How Delhi can take road to cleaner air
Rupee to hold near all-time low on foreign outflows, oil worries
“For sure, (the dollar/rupee pair) would have opened well past 84 looking at oil, the well-bid dollar and the extent of selling (by foreigners in equities). The Indian rupee is likely to remain anchored near a lifetime low on Friday, hit by concerns over the deluge of foreign money being pulled out of domestic equities… Continue reading Rupee to hold near all-time low on foreign outflows, oil worries
Renewable Energy India Expo 2024: A key event for solar, battery storage, and EV sectors
The co-located REI Expo and The Battery Show India also feature several key highlights and sessions. Informa Markets in India has launched the 17th Renewable Energy India (REI) Expo at the India Expo Centre, Greater Noida, alongside the 2nd edition of The Battery Show India. The event, taking place from October 3 to 5, 2024,… Continue reading Renewable Energy India Expo 2024: A key event for solar, battery storage, and EV sectors
RSB Transmissions secures Bain Capital Investment for global expansion and M&A
Bain Capital’s financial and strategic support is expected to fuel RSB Transmissions’ growth initiatives and global expansion efforts. RSB Transmissions, a global leader in automotive, construction, and equipment systems manufacturing, has announced a strategic investment from Bain Capital, a top global private investment firm. This investment aims to support RSB’s growth initiatives, focusing on mergers… Continue reading RSB Transmissions secures Bain Capital Investment for global expansion and M&A
Indian steel majors best-placed producers globally: Nomura
India’s steel companies are well-positioned within the global metals sector. India’s steel industry is set to expand significantly over the next few years, with plans to add around 23 million tonnes (MT) of crude steel capacity between FY24 and FY27, according to a report by Nomura. As per the report, the industry is reflecting a… Continue reading Indian steel majors best-placed producers globally: Nomura
BSL to set up two Greenfield steel units
BSL to set up two Greenfield steel units. Bokaro Steel Plant (BSL) has unveiled plans for the establishment of two Greenfield steel units, each with a capacity of 5 million tonnes per annum (MTPA). However, BSL’s focus is on a brownfield project aimed at increasing its crude steel production from the existing 4.66 MTPA to… Continue reading BSL to set up two Greenfield steel units
Xpeng exploring localization options in Europe as Tariff vote looms
Xpeng exploring localization options in Europe as Tariff vote looms. Chinese automaker Xpeng Inc. is looking at several options in Europe that may help it to localize production and sidestep tariffs the bloc is levying on electric vehicles made in Asia’s biggest economy. “We’re looking at multiple options, ranging from contract manufacturing to working with… Continue reading Xpeng exploring localization options in Europe as Tariff vote looms
China files appeal to WTO on Canada’s tariffs on EVs, metal products
China’s commerce ministry said on Wednesday it has asked the World Trade Organization (WTO) to rule on Canada’s imposition of steep tariffs on Chinese electric vehicles as well as steel and aluminum products. Following the lead of the United States and European Union, Canada began imposing on Tuesday a 100% levy on EVs shipped from… Continue reading China files appeal to WTO on Canada’s tariffs on EVs, metal products
EU has enough support to impose Chinese EV tariffs, say sources
France, Greece, Italy and Poland will vote in favour, officials and sources in those countries told Reuters. Together, they represent 39% of the EU population. France, Greece, Italy and Poland will vote on Friday in favour of tariffs of up to 45% on imports of electric vehicles (EVs) made in China, sources said, enough to… Continue reading EU has enough support to impose Chinese EV tariffs, say sources