Prime Minister Narendra Modi will launch several initiatives in the petroleum and natural gas sector. New Delhi: In a significant boost to India’s energy infrastructure, Prime Minister Narendra Modi is set to launch and dedicate various initiatives in the petroleum and natural gas sector totalling INR 10,400 crore. This major announcement is part of his… Continue reading PM Modi to dedicate INR 10,400 crore in energy projects, bolstering India’s infrastructure and green transition
Author: Economic Times of India Online News
China targets consensus with EU on EV tariff dispute through flexible pricing solutions
The Chinese commerce ministry said both nations are actively negotiating a flexible price commitment solution over the electric vehicle tariff dispute. The Chinese commerce ministry said on Thursday that technical teams from China and the European Commission are actively negotiating a flexible price commitment solution over the electric vehicle tariff dispute. Both sides are working… Continue reading China targets consensus with EU on EV tariff dispute through flexible pricing solutions
US auto sales set to fall in September on fewer selling days, shows report
New vehicle sales in the U.S. are expected to drop by 1.8% in September compared to last year. New vehicle sales in September in the United States are projected to fall 1.8% from a year ago, partly hurt by three fewer selling days, a report by industry consultants J.D. Power and GlobalData showed on Thursday.… Continue reading US auto sales set to fall in September on fewer selling days, shows report
Anant Ambani, Murray Auchincloss inaugurate Jio-bp’s 500th EV-charging station in Mumbai
Jio-bp inaugurates 500th EV charging station, expands network to 5,000 points across India. Reliance Industries Limited (RIL) Director Anant Ambani and Murray Auchincloss, bp CEO, on Thursday inaugurated the 500th Jio-bp pulse EV-charging station at the Jio World Convention Centre in Bandra Kurla Complex (BKC), Mumbai. Jio-bp is a fuels and mobility joint venture between… Continue reading Anant Ambani, Murray Auchincloss inaugurate Jio-bp’s 500th EV-charging station in Mumbai
Nitin Gadkari slams Indian Road Congress, calls for construction of better quality roads
Gadkari also said that there was a need to create more capital to improve road infrastructure. Union Minister of Road Transport and Highways Nitin Gadkari on Thursday came down hard on the Indian Road Congress (IRC), saying that the road quality in India had to improve substantially. He added that he was “annoyed” by the… Continue reading Nitin Gadkari slams Indian Road Congress, calls for construction of better quality roads
Indian steelmakers seek higher tariffs as Chinese imports surge
In its letter, ISA also urged Sitharaman to impose an extra 25% import tax on steel. India’s steelmakers have called on the government to double tariffs on steel imports to curb a surge in cheaper steel shipments from China, according to a letter from an industry association seen by Reuters. The world’s second-biggest crude steel… Continue reading Indian steelmakers seek higher tariffs as Chinese imports surge
Alt Mobility appoints Pankaj Gupta as Chief Growth Officer to accelerate retail leasing expansion
Pankaj Gupta will be responsible for retail leasing business across Tier I, II, and III cities, expanding into the passenger transportation segment, and promoting the Baas model. Alt Mobility, a prominent company in India’s electric vehicle fleet leasing and lifecycle management sector, has appointed Pankaj Gupta as its new Chief Growth Officer. Gupta will be… Continue reading Alt Mobility appoints Pankaj Gupta as Chief Growth Officer to accelerate retail leasing expansion
Vehicle financiers bet big on festive season to revive demand
Vehicle sales and financing in India are experiencing a slowdown due to delayed replacement demand. Mumbai: With the continued fall in vehicle sales, disbursements by vehicle financiers are also expected to moderate in the September quarter. According to a note released by InCred Equities, there is a persistent slowdown in the new vehicle financing space… Continue reading Vehicle financiers bet big on festive season to revive demand
Ford, GM shares fall after Morgan Stanley analyst downgrade
Shares of Ford Motor and General Motors fell around 5% after Morgan Stanley analysts downgraded the automakers. Shares of Ford Motor and General Motors fell about 5% on Wednesday after Morgan Stanley analysts downgraded the U.S. automakers, citing a challenging market environment marked by falling prices and growing competitive threats, particularly from China. Legacy U.S.… Continue reading Ford, GM shares fall after Morgan Stanley analyst downgrade
India focused on urban infrastructure, e-mobility, and renewable energy for growth: FM Sitharaman
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, emphasised the urgent need for sustainable and resilient infrastructure. Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, emphasized the urgent need for sustainable and resilient infrastructure, especially in light of the global challenges posed by climate change and geopolitical tensions. The minister highlighted this during… Continue reading India focused on urban infrastructure, e-mobility, and renewable energy for growth: FM Sitharaman