Jointly organized with Startup India, this event is an initiative by the Ministry of Commerce and Industry, aimed at linking the Indian startup ecosystem. New Delhi: NXP India, NXP Semiconductors’ largest R&D facility, is opening the 4th Season of the NXP India Tech Startup Challenge 2024. The NXP India Tech Startup Challenge serves as a… Continue reading NXP Semiconductors with Startup India brings 4th season of NXP India Tech Startup Challenge
Author: Economic Times of India Online News
Mitsubishi acquires 32% stake in TVS Mobility; to forge USD 2 bn partnership
The deal, which is subject to regulatory approval, involves an initial investment of INR 300 crore for a 32% stake in TVS Mobility from Mitsubishi Corporation. New Delhi: In a strategic move, TVS Mobility, a prominent player in the Indian Automotive Distribution and Aftermarket Industry, has announced a Joint Venture with the Japanese conglomerate Mitsubishi… Continue reading Mitsubishi acquires 32% stake in TVS Mobility; to forge USD 2 bn partnership
Explained: Why the rupee was most stable emerging market currency?
India’s current account deficit narrowed sharply to 1% of GDP in Q2FY24 from 3.8% in Q2FY23. This means the demand for dollar vis-a-vis rupee decreased when compared to a year earlier. The Indian rupee was the most stable emerging market currency in the past year amid global economic uncertainty. What are the factors that contributed… Continue reading Explained: Why the rupee was most stable emerging market currency?
Should one build on auto theme? Will softness persist in IT?
Gautam Duggad, Head of Research – Institutional Equities, Motilal Oswal. Gautam Duggad, Head of Research – Institutional Equities, Motilal Oswal, says “there is a possibility that we might see continued strong performance of midcap IT. But the stock prices may lag a little bit now to allow the earnings to sort of, to allow the… Continue reading Should one build on auto theme? Will softness persist in IT?
Mitsubishi to invest INR 300cr in JV with TVS Mobility for integrated mobility solutions
This investment is intended to propel their vision in relation to vehicle ownership in passenger cars, commercial vehicles and Material Handling Equipment (MHE). New Delhi: TVS Mobility on Monday announced a Joint Venture with the Japanese conglomerate Mitsubishi Corporation (MC), to establish a comprehensive vehicle mobility ecosystem in India. MC will initially invest INR 300… Continue reading Mitsubishi to invest INR 300cr in JV with TVS Mobility for integrated mobility solutions
Australian lithium stocks rally on speculation of China mine closure
In Australia on Monday, developers saw outsize gains, with Patriot Battery Metals as high as 6%, Wildcat Resources up 5.8%, and Sayona Mining up 7.7%. Australian lithium stocks rallied on Monday on speculation that Chinese battery maker CATL had closed its Jianxiawo mine in China that produces the material used in electric vehicle batteries. Shares… Continue reading Australian lithium stocks rally on speculation of China mine closure
PIL: TN yet to notify rules for high security number plates, can’t fine motorists
Representative image. A Chennai resident has moved Madras high court to restrain transport authorities from imposing penalty on vehicles without high security number plates till the government notifies authorised dealers and manufacturers for the same.Admitting the plea, the first bench of Chief Justice Sanjay Vijaykumar Gangapurwala and justice D Bharatha Chakravarthy directed Tamil Nadu government… Continue reading PIL: TN yet to notify rules for high security number plates, can’t fine motorists
NHAI to construct underpass at 200-feet bypass
Representative image. With increase in number of vehicles and the extension of Jaipur Metro Line 1 till Ajmer Road, the National Highways Development Authority of India (NHAI) has planned to construct an underpass at the 200-feet bypass crossing to facilitate traffic movement at this crossing, considered to be one of the busiest crossing of Jaipur.… Continue reading NHAI to construct underpass at 200-feet bypass
Road dust, vehicle emissions driving bad air in 5 Pb cities
Representative image. Road dust, construction, vehicular emission and industrial pollution have emerged as factors contributing to ambient air quality in five cities in Punjab where the source apportionment study was carried out. Taking suo motu cognisance of the deteriorating air quality index (AQI) in different cities, the National Green Tribunal (NGT) issued notices to the… Continue reading Road dust, vehicle emissions driving bad air in 5 Pb cities
India’s current account deficit likely at below 1% of GDP in FY24
The trade deficit in the April-January period of the current fiscal is lower at USD 206 billion compared to a deficit of USD 229 billion in the same period last year. A narrower-than-expected trade deficit and higher services exports in January have prompted economists to scale down the current account deficit (CAD) estimates for FY24.… Continue reading India’s current account deficit likely at below 1% of GDP in FY24