Despite concerns about global value chain fragmentation, the report notes that Asia’s global value chains have rebounded well post-COVID-19. The European Union‘s (EU) forthcoming Carbon Border Adjustment Mechanism (CBAM) is anticipated to yield only marginal reductions in global carbon emissions while modestly affecting trade flows, particularly in Asia and the Pacific, according to a recent… Continue reading EU carbon tariff alone won’t curb global emissions, urges broader climate action: ADB
Author: Economic Times of India Online News
TVS Motor’s Singapore arm to raise stake in Killwatt GmbH to 49% for EUR 4 mn
With a focus on electric two-wheelers, Killwatt GmbH is poised to contribute significantly to TVS Motor’s vision of a cleaner and greener future in the personal mobility segment. New Dehi – In a strategic move to strengthen its position in the rapidly growing electric mobility sector, TVS Motor (Singapore) Pte Ltd has announced the acquisition… Continue reading TVS Motor’s Singapore arm to raise stake in Killwatt GmbH to 49% for EUR 4 mn
Noida to soon have ‘Korean’ & ‘Japanese’ cities
The cities will also have residential units for the company staff from these foreign countries — Japan and Korea. Yamuna Expressway Industrial Development Authority (YEIDA) has decided to set aside two sectors for ‘Japanese’ and ‘Korean’ industrial cities, where companies from these two countries will set up electronic manufacturing units, reported. While ‘Japanese City‘ will… Continue reading Noida to soon have ‘Korean’ & ‘Japanese’ cities
Vehicle regn hits top gear, revenue sets record in ’23
Data shows that barring the peak pandemic years of 2020 and 2021, annual registration of vehicles in Chandigarh from 2014 to 2023 remained between 45,000 and 51,000 annually. Revenue generated from registration of new vehicles in 2023 has broken past records, with the Registering and Licensing Authority (RLA) earning INR 261 crore from registration of… Continue reading Vehicle regn hits top gear, revenue sets record in ’23
Adani Green hydrogen unit aims to get up to USD 3 bn in loans
Adani New Industries plans to begin production of the clean fuel from 2027 in the western state of Gujarat, and could invest as much as USD 50 billion over 10 years, according to the company. Adani New Industries Ltd. is in talks to raise up to USD 3 billion for capital expenditure, according to people… Continue reading Adani Green hydrogen unit aims to get up to USD 3 bn in loans
Scindia to inaugurate Jindal Stainless’ first green hydrogen plant on Tuesday
Jyotiraditya M Scindia, Union Minister New Delhi: Union Minister Jyotiraditya M Scindia will on Tuesday inaugurate the stainless steel industry’s first green hydrogen project set up by Jindal Stainless Ltd (JSL). The Union Steel Minister will virtually inaugurate the company’s green hydrogen project, according to officials. With the inauguration, JSL will become India’s first stainless… Continue reading Scindia to inaugurate Jindal Stainless’ first green hydrogen plant on Tuesday
Vizag cops to introduce wheel locks to curb illegal parking
It is the responsibility of the commercial establishments to provide cellar parking for vehicles. However, some of the shops in the city do not have proper parking facilities at the cellars. Motorists who park their vehicles by breaking rules are likely to see their vehicles towed away and impounded. Vizag city police have decided to… Continue reading Vizag cops to introduce wheel locks to curb illegal parking
Rupee settles 2 paise higher at 82.89 against US dollar
Also, the dollar retreated from higher levels as investors moved cautiously ahead of inflation and other macroeconomic data to be released in India and elsewhere this week, they said. The rupee gained 2 paise to settle at 82.89 (provisional) against the US dollar in a range-bound trade on Monday, tracking volatility in the equity market.… Continue reading Rupee settles 2 paise higher at 82.89 against US dollar
Indian national dies in New York building fire caused by lithium battery
The Hechinger Report said in a post on X that it learned Saturday that Khan died in a fire in the New York City building where he lived. A 27-year-old Indian national, who worked as a journalist here, tragically lost his life in a “devastating” fire caused by a lithium-ion battery in an apartment building… Continue reading Indian national dies in New York building fire caused by lithium battery
Rupee edges higher but oil companies’ dollar demand likely to cap gains
Representative image. The Indian rupee rose slightly on Monday on dollar inflows, although month-end demand for the greenback from importers, including local oil companies, was likely to limit gains, traders said. The rupee was at 82.9025 against the U.S. dollar as of 10:20 a.m. IST, up 0.04% from its close at 82.9375 in the previous… Continue reading Rupee edges higher but oil companies’ dollar demand likely to cap gains