Projections indicate that global stainless steel production will grow by 2-3 million tonnes, reaching 60-61 million tonnes. Synergy Steels is optimistic about the stainless steel market in India as worldwide production is expected to rise by 4.4% to 60.53 million tonnes. India is poised to benefit from this increase, with exports of its stainless steel… Continue reading Rising global stainless steel production: Opportunities for India
Author: Economic Times of India Online News
Rupee inches up on likely intervention by cenbank in NDF market
The RBI has intervened in the NDF market on many occasions previously, around the time when the local over-the-counter market opens in order to help the rupee, traders said. The Indian rupee was marginally higher on Friday after the central bank likely intervened in the non-deliverable forwards (NDF) market to prevent the currency from slipping… Continue reading Rupee inches up on likely intervention by cenbank in NDF market
Servotech Power Systems’ Incharz partners with Prateek Group to develop EV charging stations in Delhi-NCR region
The agreement, between Incharz CEO Prem Prakash and Prateek Group President Sunil Kumar Mittal in Noida, marks a step forward in increasing accessibility to EV charging stations. Servotech Power Systems‘ arm, Incharz, has partnered with real estate developer Prateek Group to develop electric vehicle (EV) charging stations at Prateek Group’s sites in the Delhi-NCR region.… Continue reading Servotech Power Systems’ Incharz partners with Prateek Group to develop EV charging stations in Delhi-NCR region
Petro pump owners seek meeting with Delhi transport minister over PUC certificate rates
The Managing Committee of the DPDA had thus resolved to close PUC centres across Delhi from July 15 in light of the “arbitrary and grossly insufficient hike”, it said. New Delhi: Petrol pump owners on Thursday wrote to Delhi Transport Minister Kailash Gahlot, seeking a meeting with him to revise rates for Pollution Under Control… Continue reading Petro pump owners seek meeting with Delhi transport minister over PUC certificate rates
NCRTC developing over 8,000 vehicles parking spaces at its stations
To support this goal, ample parking space is provided at station areas for commuters to park their personal vehicles and enjoy the safe, reliable, and comfortable ride of Namo Bharat. The National Capital Region Transport Corporation (NCRTC) is creating over 8,000 vehicles parking spaces at its stations along the Delhi-Ghaziabad-Meerut RRTS corridor, according to a… Continue reading NCRTC developing over 8,000 vehicles parking spaces at its stations
Tata Technologies Q1 profit slides 15% on-year, VinFast woes behind
The management highlighted that the impact of losing key customer VinFast is behind, and the company is back on track to accelerate its services business. Tata Group’s manufacturing services arm Tata Technologies (Tata Tech) on Thursday recorded a 15.4% year-on-year decline in quarterly net profit, weighed down by increase in expenses incurred for purchase of… Continue reading Tata Technologies Q1 profit slides 15% on-year, VinFast woes behind
BASF upbeat about India’s automotive industry
Additionally, for buses, BASF offers solutions right from brand-impact coatings, chassis and battery technologies to lightweight flooring, lubricants, sealants and adhesives. New Delhi: BASF, the largest chemical producer in the world and headquartered in Germany, is betting big on the Indian automotive market for its next phase of growth. The company recently inaugurated its polyurethane… Continue reading BASF upbeat about India’s automotive industry
Spain to launch new USD 2.5 bn plan to support green hydrogen, renewable industry
Subsidies are vital for green hydrogen projects due to high costs and are not competitive without public support. Spanish Prime Minister Pedro Sanchez on Wednesday announced a new plan worth 2.3 billion euros (USD 2.5 billion) to boost the country’s transition to clean energy, including subsidies for green energy industries and hydrogen made from renewable… Continue reading Spain to launch new USD 2.5 bn plan to support green hydrogen, renewable industry
Steel Dynamics quarterly profit nearly halves on weak steel pricing
With prices anticipated to decline further through summer, when steel consumption traditionally wanes, analysts expect steelmakers to curb supply until domestic demand rebounds from inflationary pressures. Steel Dynamics on Wednesday reported a drop of 47% in second-quarter profit, amid declining domestic steel prices. Oversupply in the market, stemming from both domestic production and imports, has… Continue reading Steel Dynamics quarterly profit nearly halves on weak steel pricing
Mercedes-Benz unit partners with Starbucks for fast-charging stations in US
The Mercedes unit opened its first charging site in 2023, as part of an initial USD 1 billion investment. A Mercedes-Benz unit said on Wednesday it had partnered with Starbucks to deploy its fast-charging stations at more than 100 locations across the United States. The first phase of the program will have 400 kW EV… Continue reading Mercedes-Benz unit partners with Starbucks for fast-charging stations in US