He anticipated fruitful interactions between Indian startups and Musk, potentially paving the way for collaborative ventures and knowledge exchange. Director General of the Indian Space Association, Lt Gen Anil Kumar Bhatt (Retd), extended a warm welcome to Tesla CEO Elon Musk‘s forthcoming visit to India. Lt Gen Bhatt emphasized the potential for enhanced collaboration between… Continue reading Elon Musk has brought new and disruptive technologies in many domains, says Indian Space Association DG
Author: Economic Times of India Online News
Jindal Stainless cuts 2.4 lakh tons of CO2 emissions in last two fiscals
The company said it has started using renewable energy sources for its operations. It has also started producing green hydrogen to be used in steel-making processes. Jindal Stainless has reduced 2.4 lakh tonnes of carbon emissions between 2022-23 and 2023-24, according to a company statement on Wednesday. Jindal Stainless Ltd (JSL) is taking various measures… Continue reading Jindal Stainless cuts 2.4 lakh tons of CO2 emissions in last two fiscals
Top listed firms report increase in staff injuries suffered at workplace
The figures marked an increase from 234 companies reporting 4,908 injuries to white-collar employees in 2021-22 and 367 companies reporting 9,212 injuries to blue-collar workers during the fiscal, the data showed. There has been a slight uptick in reporting of injuries suffered by employees at the workplace among the top 1,000 listed companies in the… Continue reading Top listed firms report increase in staff injuries suffered at workplace
FY25 to be transformative year, says Vedanta’s Anil Agarwal
After the demerger, the businesses of Hindustan Zinc as well as the display and semiconductor manufacturing units will remain with Vedanta Ltd. Mining tycoon Anil Agarwal has said the current financial year that started on April 1 will be a transformative year for his conglomerate Vedanta as it prioritises disciplined growth while parent eyes a… Continue reading FY25 to be transformative year, says Vedanta’s Anil Agarwal
Domestic finished steel consumption grows 13% to 136 MT in FY24: SteelMint
The production of crude steel in the country rose 12.6% to 143 MT over 127 MT in the previous fiscal. Domestic finished steel consumption has registered a growth of 13% to 136 million tonnes during 2023-24, supported by increased demand from automotive and infrastructure sectors, SteelMint India said. The country consumed 120 million tonne (MT)… Continue reading Domestic finished steel consumption grows 13% to 136 MT in FY24: SteelMint
AMU records 3X growth, plans to raise INR 400 cr to fund 1 lakh EVs by FY26
To secure the required funding the NBFC plans to explore financing options, including term loans, NCDs, equity, co-lending, venture debt, bonds, and impact funds. New Delhi: Accelerated Money for U (AMU), has recorded 3X growth in revenue in FY24 compared to the previous year. To scale this growth and boost profitability, it intends to raise… Continue reading AMU records 3X growth, plans to raise INR 400 cr to fund 1 lakh EVs by FY26
Rupee plunges below 83.50 as West Asia, US rate worries continue
As of April 5, RBI’s headline foreign exchange reserves stood at USD 648.56 billion, a record high. The rupee sank to a new low against the dollar, weakening past 83.50/USD 1, as fading hopes of US rate cuts and escalating tensions in the Middle East hurt emerging market currencies, with analysts saying the Reserve Bank… Continue reading Rupee plunges below 83.50 as West Asia, US rate worries continue
Carbon capture will not play major role in steel decarbonisation, report says
DRI is a cleaner way of turning iron ore into iron, which can then be processed into pellets that can be used in electric-arc-furnaces (EAF). Carbon capture, utilisation and storage (CCUS) is unlikely to play a major role in decarbonising the global steel industry due to low capture rates, high costs and a track record… Continue reading Carbon capture will not play major role in steel decarbonisation, report says
GAIL to commission its first green hydrogen project in April
The unit is expected to produce about 4.3 metric tons of hydrogen per day, with a purity of about 99.999% by volume, and would use renewable power. State-run natural gas company GAIL (India) Ltd plans to commission its first green hydrogen project in central India in April, three company sources said. The 10-megawatt proton exchange… Continue reading GAIL to commission its first green hydrogen project in April
Indian auto OEMs lag in JIT implementation in supply chain: Vector Consulting
JIT is a pull-based inventory movement method known for significantly reducing inventory costs, enhancing efficiency, lowering waste, and improving responsiveness. New Delhi: Vector Consulting Group, a leading management consulting company, has unveiled a research-based report on the Indian auto manufacturing industry’s implementation of Just-In-Time (JIT), an inventory management practice. Renowned for challenging conventional wisdom across… Continue reading Indian auto OEMs lag in JIT implementation in supply chain: Vector Consulting