With Mitsubishi now set to join this duo, there will hopefully be more savings on costs in the electrification journey. New Delhi: It was sometime in 2018 when a top member of Yamaha Motor’s leadership team told this writer that too much was being read into the (then) prevailing wave of consolidation in the Japanese… Continue reading Mitsubishi to join Honda, Nissan alliance as Chinese juggernaut rolls on
Author: Economic Times of India Online News
India to add 80 GW coal-based capacity by 2032, total investment pegged at INR 6.67 lakh cr
In addition, the government has laid new transmission lines and created new sub-station capacity under the Green Energy Corridor Scheme for the evacuation of renewable power. New Delhi: In a bid to meet the anticipated electricity demand by 2031-32, the Central Electricity Authority (CEA) has completed generation planning studies, stating that India needs to bolster… Continue reading India to add 80 GW coal-based capacity by 2032, total investment pegged at INR 6.67 lakh cr
Rupee expected to hold close to record low ahead of Fed outcome
The dollar index was down slightly at 104.3, while most Asian currencies nudged higher, with the offshore Chinese yuan up 0.1% at 7.23. The Indian rupee is likely to open largely unchanged near its record low on Wednesday and trade in a tight band ahead of the U.S. Federal Reserve’s policy decision due later in… Continue reading Rupee expected to hold close to record low ahead of Fed outcome
Q1 results today: Maruti, M&M among 115 companies to announce earnings on Wednesday
Revenue from operations may increase 16% Y-o-Y, according to an average estimate of four brokerages, while net profit is likely to be flat or seen declining up to 14% YoY. The first quarter earnings season is underway and as many as 115 companies will announce their quarterly numbers on Wednesday. Key results to watch out… Continue reading Q1 results today: Maruti, M&M among 115 companies to announce earnings on Wednesday
Mahindra taking steps to prepare staff for green shift, says Group CEO & MD Anish Shah
CEO & MD Anish Shah The Mahindra Group is ensuring a “fair and just” transition of its workforce, as the eight-decade-old Indian multinational dives into a few ‘green businesses’ and products that are more sustainable for the planet. The Group, according to CEO & MD Anish Shah, is making sure that no employee is left… Continue reading Mahindra taking steps to prepare staff for green shift, says Group CEO & MD Anish Shah
Approval for 755 PLI scheme applications; INR 1.23 lakh cr investment proposals in 14 sectors
As of now, 755 applications have been approved under these schemes generating employment for approximately 8 lakh individuals. New Delhi: India’s vision of becoming ‘Atmanirbhar’ is making substantial progress through the Production Linked Incentive (PLI) Schemes, which have attracted an investment of INR 1.23 lakh crore across 14 key sectors by March 2024. These schemes… Continue reading Approval for 755 PLI scheme applications; INR 1.23 lakh cr investment proposals in 14 sectors
BP to develop green hydrogen project in Spain
BP’s decision to develop hydrogen projects follows rival Shell which said last week it would go ahead with a hydrogen project at its German refinery. BP said on Tuesday it has given the green light to development of a green hydrogen facility at its Castellon refinery in Spain. The British energy firm also said it… Continue reading BP to develop green hydrogen project in Spain
Metal commodities likely to remain soft going forward: Deven Choksey
“So, to a greater extent, the crude as a territory and metal along with particularly, they are likely to remain softer going forward as well,” says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. “So, to a greater extent, the crude as a territory and metal along with particularly, they are likely to remain softer going… Continue reading Metal commodities likely to remain soft going forward: Deven Choksey
Clean mobility ecosystem to become USD 250 bn opportunity in India by FY30
“Despite challenges faced by the global EV market due to geopolitical shifts and fluctuating manufacturing costs, India remains a beacon of resilience,” the report mentioned. New Delhi: As the government doubles down on clean and sustainable transportation, the clean mobility ecosystem in the country is expected to become a USD 250 billion opportunity by FY30,… Continue reading Clean mobility ecosystem to become USD 250 bn opportunity in India by FY30
Wardwizard Innovations Q1 FY25 PAT at INR 2.41 cr
. This order involves the delivery of electric two-wheelers and three-wheelers from Wardwizard’s existing product portfolio. New Delhi: Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, Tuesday announced its financial results for Q1 of FY25 (April-June 2024). On the performance of Q1… Continue reading Wardwizard Innovations Q1 FY25 PAT at INR 2.41 cr