This funding will enable the company to shift to a full platform model, emphasizing carbon reduction as a core aspect of its offering. MatchLog Solutions, a sustainable container logistics and supply chain optimization player, Thursday said it has closed USD 1.5 million in pre-series A funding round. The round was led by Motion Ventures and… Continue reading MatchLog Solutions raises USD 1.5 mn in pre-series A funding round
Author: Economic Times of India Online News
World’s biggest energy trading firms are returning to metals
The shift comes as forecasters turn increasingly bullish on copper, aluminum and other metals, where long-anticipated production shortfalls are starting to take shape. Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets. Vitol Group, Gunvor Group and Mercuria Energy Group are among the… Continue reading World’s biggest energy trading firms are returning to metals
Rupee may struggle on higher US bond yields, weak Asian cues
The Federal Reserve meeting is on April 30-May 1. Before that, the U.S. first quarter GDP number will be out later on Thursday and the March core PCE data is due for release on Friday. The Indian rupee is expected to broadly struggle on Thursday amid an uptick in U.S. Treasury yields and losses on… Continue reading Rupee may struggle on higher US bond yields, weak Asian cues
PLI: Automobile, auto parts cos invested INR 13,000 cr in past one year in EV, EV parts making
Updated On Apr 24, 2024 at 07:40 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals It is estimated that in the five-year period, the PLI scheme will lead to incremental production of over INR 2.3 lakh crore, creating more than 750,000 jobs. Automobile and auto parts makers in India invested a… Continue reading PLI: Automobile, auto parts cos invested INR 13,000 cr in past one year in EV, EV parts making
NATRAX conference on ‘Global Presence of Indian Test Agencies – Way Forward’ in New Delhi on Saturday
New Delhi: The National Automotive Test Tracks (NATRAX), under the National Automotive Board (NAB), Union Ministry of Heavy Industries, is organizing a Conference on “Global Presence of Indian Test Agencies – Way Forward” in New Delhi on Saturday, 27th April 27, 2024. The Indian automotive industry has continuously grown since many decades and its accelerated… Continue reading NATRAX conference on ‘Global Presence of Indian Test Agencies – Way Forward’ in New Delhi on Saturday
India may not extend EV concessions to Chinese firms: Report
At present, cars imported as completely built units attract customs duty ranging from 70-100%, depending on the engine size and cost, insurance and freight value less or above USD 40,000. India may not extend electric vehicle concessions to Chinese EV companies like BYD owing to national security concerns, according to a report of Moneycontrol. “The… Continue reading India may not extend EV concessions to Chinese firms: Report
Honda to build electric vehicles and batteries in Ontario
Canada has wooed companies involved in all parts of the EV supply chain to bolster its manufacturing heartland in Ontario as the world seeks to cut carbon emissions. Honda will build electric vehicles and their parts in Ontario with financial support from the Canadian and provincial governments under a plan to be announced this week,… Continue reading Honda to build electric vehicles and batteries in Ontario
EU’s 2050 net zero goals at risk as EV rollout faces setbacks
As it stands, high EV production costs in Europe means the bloc will have to rely on cheap imports, mainly from China, if it sticks to the 2035 goal. The EU needs to rethink its policies to make a 2035 ban on new petrol car sales feasible as electric vehicles (EVs) remain unaffordable and alternative… Continue reading EU’s 2050 net zero goals at risk as EV rollout faces setbacks
India, 7 other WTO members slam EU & UK over steel duty
“The EU said it has evidence that the steel safeguard measure continues to be necessary,” said a Geneva-based official, who did not wish to be identified. India, China and Russia, along with five other World Trade Organization (WTO) members, on Monday criticised the European Union’s decision to extend its existing safeguard measure on certain steel… Continue reading India, 7 other WTO members slam EU & UK over steel duty
Coal Ministry targets nearly 20% higher stock at power projects by June 30
Start of coal transportation from Dhamra and Gangavaram ports a few months back and restart of production from Rajmahal mines last year have also helped in increasing the supply to power plants, the official said. The coal ministry is expecting a closing stock of around 38-40 million tonnes at domestic coal-based power plants by June… Continue reading Coal Ministry targets nearly 20% higher stock at power projects by June 30