Japan’s Nippon Steel remains committed to acquiring a full stake in US Steel, a senior executive said, adding that it is seeking a meeting with US Treasury Secretary Scott Bessent to clarify President Donald Trump’s stance on the deal. The steelmakers face a May 21 deadline for the completion of a renewed national security review… Continue reading Nippon Steel still committed to full US Steel takeover
Author: Economic Times of India Online News
Kerala’s cracking highways: NHAI faces scrutiny over embankment failures
National Highways Authority of India (NHAI) set up a three-member expert committee to probe the collapse of a section of under-construction NH-66 in Malappuram. Cracks also appeared on the NH stretch and service road subsidence was reported from Thalappara in Malappuram and Malaparamba in Kozhikode. Around 4am on Tuesday, a portion of the service road… Continue reading Kerala’s cracking highways: NHAI faces scrutiny over embankment failures
What to know about the US Senate’s effort to block vehicle-emission rules in California
President Donald Trump rescinded California’s ability to enforce its standards during his first term, but President Joe Biden’s administration restored it in 2022. Congress may stop California from implementing its first-in-the nation rule banning the sale of new gas powered cars by 2035. A Senate vote expected as soon as this week could end the… Continue reading What to know about the US Senate’s effort to block vehicle-emission rules in California
NFRA probes Gensol’s audit books after Sebi flags fraud, ICAI review underway
This marks an expansion of the investigation into Gensol, which began with Sebi’s report last month. The National Financial Reporting Authority (NFRA) has launched a preliminary inquiry into the books of Gensol Engineering following fraud allegations, according to Ravneet Kaur, the head of the audit regulator. The move follows a reference by the Securities and… Continue reading NFRA probes Gensol’s audit books after Sebi flags fraud, ICAI review underway
Maharashtra plans PPP model for RTO land to curb encroachments, boost revenue
Maharashtra Transport Minister Pratap Sarnaik has proposed developing land owned by the RTO (Regional Transport Office) on a PPP model to maximise revenue and prevent encroachments by slums. Addressing the inauguration of the Sub-Regional Transport Office (RTO) building in Kalyan on the weekend, Sarnaik highlighted the progress in constructing new RTO offices and proposed developing… Continue reading Maharashtra plans PPP model for RTO land to curb encroachments, boost revenue
MoRTH mandates tighter oversight on state-implemented NH projects
The Ministry of Road Transport and Highways (MoRTH) has issued directives to expand oversight of regional officers on National Highway works implemented by state public works departments and road construction departments. In a circular, the highways ministry said critical lapses have occurred due to lack of due diligence in several projects pertaining to NH works… Continue reading MoRTH mandates tighter oversight on state-implemented NH projects
Audio Interview| Bring your foreign high-skill talent into US operations: J-1 research scholar and specialist visas as alternatives to H-1B
Ron Hesse speaks with Gennady Babankov In the 17-minute Audio Interview, Dr. Babankov discusses these questions: In our previous webinar on J visas with Lindsay Bongi, we discussed J-1 intern and trainee visas. Please tell us how research scholar and specialist J-1 visas are different. The automotive industry, like many other industries in the US,… Continue reading Audio Interview| Bring your foreign high-skill talent into US operations: J-1 research scholar and specialist visas as alternatives to H-1B
South Africa’s Ramaphosa aims to mend US ties with Musk business push
South African President Cyril Ramaphosa South Africa’s President Cyril Ramaphosa plans to discuss business opportunities for Elon Musk‘s companies during a visit to Washington this week aimed at mending relations with U.S. President Donald Trump, Ramaphosa’s spokesperson said on Monday. Trump has taken aim at South Africa during his second term, citing disapproval of its… Continue reading South Africa’s Ramaphosa aims to mend US ties with Musk business push
Ola under fire again: Employee suicide sparks fresh criticism of toxic work culture
A former Ola Krutrim employee ET spoke to alleged, “They are doing utterly mediocre work with incompetent management and leadership. Toxicity is through the roof, as is nepotism.” Ola’s artificial intelligence (AI) division, Krutrim, is facing intense scrutiny after a 25-year-old software engineer died by suicide, sparking widespread concerns about toxic work culture. According to… Continue reading Ola under fire again: Employee suicide sparks fresh criticism of toxic work culture
Unpaid traffic fines cross ₹9,000 crore as violations continue unchecked
In Gurugram, traffic authorities issued more than 4,500 challans each day in 2024, collecting ₹10 lakh daily in penalties. A new traffic violation report has revealed that Indian motorists were issued challans worth ₹12,000 crore in 2024, with nearly ₹9,000 crore still unpaid. The findings point to widespread non-compliance with traffic rules across the country,… Continue reading Unpaid traffic fines cross ₹9,000 crore as violations continue unchecked