Stellantis employs about 43,000 people in Italy, including about 15,000 in the area of Turin, in Italy’s north-west, the historic home of Fiat, which merged first with Chrysler and later with Peugeot-maker PSA to create Stellantis. Stellantis has reached voluntary deals to cut at least 2,500 jobs in Italy, labour unions said on Tuesday, as… Continue reading Stellantis signs deals to cut at least 2,500 jobs in Italy
Author: Economic Times of India Online News
Ford, Allego team up for fast EV charging at dealers across Europe
Ford has about 1,800 European dealerships, but mostly those in urban areas or likely to receive high EV traffic will have ultra-fast chargers installed, Hofmeister said. Ford and fast electric vehicle charging network Allego said on Tuesday they would roll out ultra-fast chargers for Ford customers and public use across many of the U.S. automaker’s… Continue reading Ford, Allego team up for fast EV charging at dealers across Europe
Logistics startup JustDeliveries raises USD 1 mn in funding led by Nabventures
Prior to founding the company in March 2022, Mahansaria worked at Tata Housing Development Company and IDFC. JustDeliveries, a provider of logistics solutions for perishables, has raised USD 1 million in a pre-Series A funding round led by Nabventures. Other investors including Faad Network, Anay Ventures, Caret Capital and Mahansaria Family Office also participated in… Continue reading Logistics startup JustDeliveries raises USD 1 mn in funding led by Nabventures
Rupee edges lower tracking Asian peers, forward premiums rise
“Paying interest appears to have picked up since late in the session yesterday,” the trader said, adding forward premiums were seeing good bids in early trading. The Indian rupee weakened slightly on Wednesday, pressured by a fall in Asian peers, while the dollar-rupee overnight swap rate improved, lifting forward premiums higher as well. The rupee… Continue reading Rupee edges lower tracking Asian peers, forward premiums rise
GIDB expands scope of assistance to logistics projects
“Govt will now be in a position to provide concessions to industries that are interested in taking up projects related to the logistics sector,” officials said. The Gujarat Infrastructure Development Board’s (GIDB) governing board has okayed a proposal broadening the scope of projects that are covered under the logistics sector. It has sent a proposal… Continue reading GIDB expands scope of assistance to logistics projects
China wins WTO dispute with Australia over steel products
Most of the tariffs have since been lifted as the relationship thawed, but tariffs on wine, rock lobster and some abattoirs still remain. China has won a nearly three-year-long dispute with Australia at the World Trade Organization over tariffs on steel products that began during a low point of bilateral relations between the countries, and… Continue reading China wins WTO dispute with Australia over steel products
Mahindra Group pledges INR 500cr to Mahindra University in Hyd
MU is headed by Anand Mahindra as chancellor and Dr Yajulu Medury as vice-chancellor. Mahindra Group chairman Anand Mahindra has pledged INR 500 crore to the upcoming Mahindra University in Hyderabad. This amount is 10 times the INR 48 crore ($10 million in 2010 valuation) that he pledged to Harvard University nearly 14 years ago.… Continue reading Mahindra Group pledges INR 500cr to Mahindra University in Hyd
We have a big focus on real estate and biofuels; see value unlocking opportunities: Zuari Industries MD
Athar Shahab, MD, Zuari Industries Athar Shahab, MD, Zuari Industries, says two major liquidity events have taken place. More recently, the group has announced the merger of MCFL with itself. The group is evolving and will simplify its structures going forward. The value will become very crystal clear on the investments that we hold. On… Continue reading We have a big focus on real estate and biofuels; see value unlocking opportunities: Zuari Industries MD
Adani Ports to buy 95% of Odisha’s Gopalpur Port for USD 162 mn
Gopalpur handles a diverse mix of dry bulk cargo, including iron ore, coal, limestone, ilmenite, and alumina. India’s largest private port operator Adani Ports and Special Economic Zone said on Tuesday it will buy a 95% stake in Odisha’s Gopalpur Port for an equity value of 13.49 billion rupees (USD 161.74 million) to bolster its… Continue reading Adani Ports to buy 95% of Odisha’s Gopalpur Port for USD 162 mn
Rama Shankar Pandey selected as Social Defence Fellow of IAF; quits Tata Green Batteries
Updated On Mar 26, 2024 at 02:42 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Rama Shankar Pandey New Delhi: Rama Shankar Pandey has been selected as one of the five inaugural Social Defence Fellows under the Indian Administrative Fellowship (IAF) program. Poised to serve the country, Pandey has quit Tata… Continue reading Rama Shankar Pandey selected as Social Defence Fellow of IAF; quits Tata Green Batteries