Author: Economic Times of India Online News

Steel industry says surge in imports ‘warning signal’ for country’s Atmanirbhar mission

In the near-term, the focus should be on reducing import duties on key raw materials such as ferro nickel, molybdenum concentrate, and ferro molybdenum. The Indian steel industry has expressed concern over India becoming a net importer of steel in 2023-24, saying is it is a “warning signal” for the country which strives to become… Continue reading Steel industry says surge in imports ‘warning signal’ for country’s Atmanirbhar mission

SIAM joins Maharashtra PCB to promote circular economy in auto industry

It aims to facilitate meaningful discussions and develop actionable strategies for sustainable mobility through waste management, recycling, and other circularity principles New Delhi: In its endeavour to promote sustainable mobility, the Society of Indian Automobile Manufacturers (SIAM), the apex body for the automobile industry, and the Maharashtra Pollution Control Board organized on Monday a “Circularity… Continue reading SIAM joins Maharashtra PCB to promote circular economy in auto industry

Audio Interview: Mexico Site Selection for Automotive OEMs & Suppliers in 2024

In this GlobalAutoIndustry.com Audio Interview “Mexico Site Selection for Automotive OEMs & Suppliers in 2024” Ron Hesse speaks with Gary Swedback. Mr. Swedback is CEO of NAI Mexico and NAI PanAmericas, part of the NAI Global network, a leading industrial and commercial real estate firm. NAIMexico operates 25 offices across Mexico and Latin America, and… Continue reading Audio Interview: Mexico Site Selection for Automotive OEMs & Suppliers in 2024

Tata Digital CEO steps up focus on costs, business cohesion

Since taking up the new role in February, Tahilyani is being guided closely by Chandrasekaran, who is keen to see the consumer app gain a stronger foothold before seeking any external investor interest. Naveen Tahilyani, who took charge in February as Tata Digital‘s new CEO, is believed to have put a tight control on spends… Continue reading Tata Digital CEO steps up focus on costs, business cohesion

Tata’s military-grade satellite successfully placed into orbit

The sub-metre resolution imaging satellite has given a signal that it is in the right orbit and tests will be run on it for the next few weeks before it is fully functional, TASL officials said. New Delhi: India’s first military grade geospatial satellite manufactured in the private sector has been successfully launched and placed… Continue reading Tata’s military-grade satellite successfully placed into orbit

Auto has enough horsepower to race on high-way and overtake

The Nifty Auto index rose 2.16% to record levels on Monday, compared to a 0.68% up-move in benchmark Nifty, which also closed at an all-time high. Out of the 16 stocks in the Nifty Auto Index, 15 advanced and 1 declined. Most auto company stocks made fresh highs on Monday in anticipation of strong March… Continue reading Auto has enough horsepower to race on high-way and overtake

Pegatron in talks with Tata to sell its only India iPhone plant, sources say

Tata, one the largest conglomerates in India, will operate the joint venture through its Tata Electronics unit, the second source said. By Munsif Vengattil and Aditya Kalra New Delhi: Pegatron is in advanced talks to hand over control of its only iPhone manufacturing facility in India to the Tata Group, said two sources with direct… Continue reading Pegatron in talks with Tata to sell its only India iPhone plant, sources say

Goa’s electric vehicle subsidy scheme falls short of targets

The objective of the scheme is to promote the adoption of EVs in various vehicle categories, particularly in two-wheelers, public/shared transport, and goods carriers. The scheme aimed at providing subsidies for purchasing electric vehicles (EVs) in Goa has not garnered the expected response from the public. Despite the state government’s plan to subsidize 5,600 EVs… Continue reading Goa’s electric vehicle subsidy scheme falls short of targets

Mukund Vasudevan appointed MD, India, and president, industrial region, ISEA, SKF

Mukund Vasudevan New Delhi: Mukund Vasudevan took over the positions of Managing Director, India, and President for the Industrial Region covering India and Southeast Asia (ISEA) at SKF, a global provider of innovative industrial solutions, on April 8, 2024. With an extensive background in multinational corporations and industrial leadership roles, Mukund Vasudevan steps into his… Continue reading Mukund Vasudevan appointed MD, India, and president, industrial region, ISEA, SKF