In this GlobalAutoIndustry.com Audio Interview “Mexico Auto Sales & Production: Winners and Losers” Ron Hesse speaks with Thomas Karig. Thomas is a speaker and independent consultant on automotive industry and foreign trade issues, as well as on Governance/ESG system implementation. He teaches Corporate Governance & Integrity at the IESDE School of Management in Puebla, Mexico.… Continue reading Audio Interview: Mexico Auto Sales & Production: Winners and Losers
Author: Economic Times of India Online News
Steelbird Baby Toys launches baby helmets; to invest INR 20 cr on child safety products
Steelbird Toys, with a legacy of manufacturing helmets since 1964, maintains its commitment to child safety through ongoing investments in research and development within its Toys division. New Delhi: Steelbird Baby Toys has introduced baby helmets tailored for cycling and skating activities. This expansion marks a strategic move by Steelbird Toys, a subsidiary of the… Continue reading Steelbird Baby Toys launches baby helmets; to invest INR 20 cr on child safety products
Musk, Tesla & more: Ancillary companies that will benefit most from EV space
Pankaj Murarka, CIO, Renaissance Investment Managers Pankaj Murarka, CIO, Renaissance Investment Managers, says Tesla coming to India and the big bang launch will expand the luxury end of electric vehicles and will also help in the evolution of the market at the mass segment. Also, with Tesla, they will bring their global vendors as well… Continue reading Musk, Tesla & more: Ancillary companies that will benefit most from EV space
Rupee off record low on likely c.bank intervention, Iranian official’s comment
The rupee was at 83.5175 to the U.S. dollar at 11:15 a.m. IST, marginally up from 83.5375 on Thursday. The currency had dropped to 83.5750, a lifetime low, in early trading. The Indian rupee recovered after slipping to a record low on Friday, on likely intervention by the central bank and comments by an Iranian… Continue reading Rupee off record low on likely c.bank intervention, Iranian official’s comment
Emmforce IPO opens on April 23 to raise INR 53.9 cr; price band at INR 93-98
Beeline Capital Advisors Private Limited is the sole Book Running Lead Manager, and Link Intime India Private Limited is the Registrar for the issue. New Delhi: The initial public offering (IPO) of Emmforce Autotech Limited, a leading automotive niche components manufacturer in India, will open on April 23, 2024. The anchor portion will be opened… Continue reading Emmforce IPO opens on April 23 to raise INR 53.9 cr; price band at INR 93-98
Codelco eyeing more output, not competition with BHP, Chile’s mining minister says
Williams said she was also supportive of BHP boosting production, noting that Escondida alone produces more than 1 million tons of copper a year. Chile’s state-run copper miner Codelco must focus on boosting its production, but it has a global prestige that would not be tarnished if it cedes its role as Chile’s top producer… Continue reading Codelco eyeing more output, not competition with BHP, Chile’s mining minister says
Charging network operators, energy co.s form Unified Energy Interface for interoperability
Interested organizations are free to register their interest by visiting the website ueialliance.org and one of the alliance members will conduct a workshop for their team to integrate with UEI in less than a day. New Delhi: Charging network operators and energy companies have come together to create an Alliance for an open energy network… Continue reading Charging network operators, energy co.s form Unified Energy Interface for interoperability
ReNew Energy, JERA sign agreement to explore green ammonia project, eyeing 100,000 tonne annual output by 2030
This initiative will utilize about 500 MW of high-capacity utilization factor (CUF) renewable energy for producing green hydrogen, a crucial feedstock for green ammonia. New Delhi: ReNew Energy Global plc, an Indian renewable energy firm, and JERA Co., Inc, the largest power generation company in Japan, announced an initial agreement to jointly evaluate the development… Continue reading ReNew Energy, JERA sign agreement to explore green ammonia project, eyeing 100,000 tonne annual output by 2030
Bajaj Auto Q4 standalone PAT rises 35% to INR 1,936cr on strong sales
Commercial vehicle sales rose to 6,23,010 units, up 28% from 4,85,018 units in FY23. New Delhi: Bajaj Auto on Thursday reported a 35% increase in standalone profit after tax at INR 1,936 crore for the fourth quarter ended March 31, 2024, riding on the back of robust sales. The Pune-based company posted a profit after… Continue reading Bajaj Auto Q4 standalone PAT rises 35% to INR 1,936cr on strong sales
JSW Steel raises USD 900 mn loan from eight foreign banks
JSW raised USD 500 million through a five-year bond in April 2019 at 5.95% which matures this month. The proceeds of the loan will help the company repay that bond. JSW Steel, India’s largest manufacturer of the alloy, has raised USD 900 million from a consortium of eight foreign banks to refinance debt maturing this… Continue reading JSW Steel raises USD 900 mn loan from eight foreign banks