Updated On Aug 1, 2024 at 01:19 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals For the April-June period of this fiscal year, global wholesale numbers for all Tata Motors’ commercial vehicles, including the Tata Daewoo range, reached 93,410 units, a 6% increase over Q1 FY24. The vehicle sales of Tata… Continue reading Tata Motors’ sales dip 11% Y-o-Y to 70,161 units in July 2024
Author: Economic Times of India Online News
Steps for consortium for indigenous green steel technology commenced: Official
This plan includes increased hydrogen use and carbon capture technologies for steel production. The process of setting up a consortium involving all stakeholders to develop indigenous technology for green steel has started, a senior official said. In the transition period, the government has urged the international technology provider Danieli to reduce the cost of the… Continue reading Steps for consortium for indigenous green steel technology commenced: Official
Bajaj Auto July 2024 sales surge 18% to 2,10,997 units
The company witnessed an increase of 11% in the total sales of commercial vehicles to 56,628 units compared to 50,907 units last year. New Delhi: Bajaj Auto, one of India’s leading automobile manufacturers, reported an increase of 18% to 2,10,997 units in July 2024 domestic sales, compared to 1,79,263 units in July 2023. On the… Continue reading Bajaj Auto July 2024 sales surge 18% to 2,10,997 units
Apartment residents can install EV-charging units in parking slots
KERC has also provided an option for EV owners to avail new connections under the EV-charging tariff category, determined by the commission, and get the same sanctioned from electricity supply companies. Karnataka Electricity Regulatory Commission (KERC) has provided significant relief to electric vehicle (EV) owners in the state by addressing concerns related to installation of… Continue reading Apartment residents can install EV-charging units in parking slots
Rupee to see mild relief as Fed opens door to September rate cut
The dollar index was at 104 after dropping 0.4% on Wednesday and U.S. bond yields eased, with the 10-year yield touching a low of 4.03%, its lowest level since February. The Indian rupee is likely to open slightly higher on Thursday, tracking gains in most of its Asian peers, after Federal Reserve Chair Jerome Powell… Continue reading Rupee to see mild relief as Fed opens door to September rate cut
Oil rises on risk of broadening Middle East conflict
U.S. oil stocks have declined for five consecutive weeks, the longest such streak since January 2021. Oil prices rose in early Asian trading on Thursday, extending strong gains in the previous session after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict and on signs of strong… Continue reading Oil rises on risk of broadening Middle East conflict
India’s growth and prosperity must be driven by job creation, says Anand Mahindra
Anand Mahindra New Delhi: “While we continue to invest in building manufacturing capacity, we must also be aware of the important role the private sector plays in job creation,” Anand Mahindra, Chairman of the Mahindra Group, reiterated at M&M’s 78th annual general meeting in Mumbai. He referred to the recent Budget which paid particular emphasis… Continue reading India’s growth and prosperity must be driven by job creation, says Anand Mahindra
Domestic steel companies to coordinate on import price
Under the suggested coordination plan, each steel company would buy coal on its own but would share the price information through a task force operationalised for this purpose by the ministry, the official said. A panel set up by the steel ministry has recommended that coking coal buyers share their import price to prevent mispricing… Continue reading Domestic steel companies to coordinate on import price
Mahindra Q1 net profit increases by 20% to INR 3,283 crore
“With this momentum and relentless drive towards execution, we will continue to ‘deliver scale’ in FY25.” Mahindra & Mahindra reported a 20% increase in its consolidated net profit for the first quarter ended June 30, 2024, achieving INR 3,283 crore. This is up from the INR 2,745 crore profit after tax recorded in the same… Continue reading Mahindra Q1 net profit increases by 20% to INR 3,283 crore
US says start of new China tariffs will be delayed by at least two weeks
The largest two categories, making up USD 13.2 billion of the targeted imports from China in 2023, are lithium-ion batteries, according to U.S. Census Bureau data. The U.S. Trade Representative‘s office said on Tuesday some of the steep U.S. tariff increases on an array of Chinese imports, including electric vehicles and their batteries, computer chips… Continue reading US says start of new China tariffs will be delayed by at least two weeks