The rupee was at 83.5350 to the U.S. dollar at 11:12 a.m. IST, having risen to 83.4625 immediately after open. It closed at 83.5325 on Friday. The Indian rupee was largely unchanged on Monday with expectations of dollar inflows related to domestic bonds being included in a JPMorgan index being countered by weakness in the… Continue reading Rupee underpinned by expected inflows, countered by weak Asian peers
Author: Economic Times of India Online News
eInfochips bags twin ISG Standout Case Studies for surgical display platform, EV charging
The platform optimises electric vehicle (EV) charging management, facilitating advancements in charger efficiency and system manageability. eInfochips, an Arrow Electronics company, a provider of product engineering and digital transformation services, announced that two of its client engagements have been recognised as Standout Case Studies by ISG, in the energy and healthcare, and life sciences categories… Continue reading eInfochips bags twin ISG Standout Case Studies for surgical display platform, EV charging
Iron ore futures plummet to two-month low on leak steel demand in China
Other steelmaking ingredients on the DCE retreated further, with coking coal and coke down 2.34% and 2.14%, respectively. Prices of iron ore futures extended losses on Monday to their lowest levels in more than two months, pulled down by signs of dull steel consumption in top consumer China and a stronger U.S. dollar. The most-traded… Continue reading Iron ore futures plummet to two-month low on leak steel demand in China
Rupee likely to struggle after upbeat US data boosts dollar
That led to concerns about a potential delay in the Federal Reserve’s rate cut timing, ANZ Bank said in a note. The Indian rupee is likely to be under pressure on Monday after U.S. business activity crept up to an-over-2-year high, boosting demand for the dollar. Non-deliverable forwards indicate the rupee will open marginally weaker… Continue reading Rupee likely to struggle after upbeat US data boosts dollar
Brookfield targets USD 10 billion investments in renewable sector
Brookfield is closely monitoring the EV charging space. Canada’s Brookfield Asset Management Inc. is aiming to more than triple investments in India’s renewable energy sector to over USD 10 billion in the next three-four years. It’s also looking at acquisitions in the segment besides exploring opportunities in electric vehicles (EVs) and green hydrogen. Brookfield is… Continue reading Brookfield targets USD 10 billion investments in renewable sector
China wants EU to scrap EV tariffs on EVs by July 4
Provisional EU duties of up to 38.1% on imported Chinese-made EVs are set to kick in by July 4 while the bloc investigates what the EU claims are excessive and unfair subsidies to Chinese EV makers. Beijing wants the EU to scrap its preliminary tariffs on Chinese electric vehicles by July 4, China’s state-controlled Global… Continue reading China wants EU to scrap EV tariffs on EVs by July 4
Understanding the financing rates for EVs vs. Petrol/Diesel vehicles
EV financing has also seen rate revisions in the past one year. Buying an EV? Is the financing rate on offer the same if you were to buy a petrol or diesel vehicle? The answer is both yes and no. In electric passenger vehicles, the rates are competitive with ICE and sometimes lower as well.… Continue reading Understanding the financing rates for EVs vs. Petrol/Diesel vehicles
Roads ministry seeks nod for INR 22 lakh cr highway plan
The ministry has requested 10% annual increase in budgetary allocation for project implementation. In a big push for infrastructure development, road transport and highways ministry has sought Cabinet approval for INR 22 lakh crore investment in a highway development plan covering around 30,600 km by 2031-32. The plan, submitted to finance ministry and shared with… Continue reading Roads ministry seeks nod for INR 22 lakh cr highway plan
Essar awaits final approvals to start work on USD 4.5 bn steel plant in Saudi Arabia
“Saudi Arabia is going through a large growth phase, a large part of steel today is getting imported into Saudi Arabia. So this is basically a domestic plant,” he said. New Delhi: Essar Group is awaiting final approvals to start investing about USD 4.5 billion in building a low-carbon steel plant in Saudi Arabia, its… Continue reading Essar awaits final approvals to start work on USD 4.5 bn steel plant in Saudi Arabia
British International Investment eyes expansion in Indian EV market with USD 300 mn investment
For BII in India, he said climate in general has the highest attention and within that “EV is probably going to be the largest area for us to invest.” British International Investment, UK’s development finance institution, is betting big on the Indian electric vehicles ecosystem and expects to invest another USD 300 million in the… Continue reading British International Investment eyes expansion in Indian EV market with USD 300 mn investment