Asian currencies were down and equities followed their U.S. peers lower. The Indian rupee is poised to decline on Wednesday after U.S. inflation data moderated less than expected, prompting investors to further push back expectations on when the Federal Reserve will slash borrowing costs. Non-deliverable forwards indicate rupee will open at 83.10-83.12 to the U.S.… Continue reading Rupee to weaken after Fed rate cut bets pushed to June
Author: Economic Times of India Online News
Global EV sales up 69% Y-o-Y in Jan, down 26% vs Dec – Rho Motion
U.S. hybrid sales have been rising as consumers balk at high EV prices and recharging infrastructure challenges. Global electric vehicle sales jumped 69% in January from a year earlier but were down 26% from December, reflecting subsidy cuts or tighter rules in Germany and France and seasonally weaker sales in China, market research firm Rho… Continue reading Global EV sales up 69% Y-o-Y in Jan, down 26% vs Dec – Rho Motion
INR 96 crore boost for 3EV from MGL: A new era for India’s EV ecosystem
Representative image. New Delhi: Mahanagar Gas Limited (MGL) signed a Share Subscription Agreement (SSA) with 3EV Industries Pvt. Ltd (3ev) for an equity infusion of INR 96 crore in the company. “The investment, which is to be made in tranches, is subject to normal closing provisions. The first tranche is expected to be invested before… Continue reading INR 96 crore boost for 3EV from MGL: A new era for India’s EV ecosystem
Hindujas may borrow INR 4,000 crore to fund Reliance Capital purchase
IndusInd International Holdings (IIHL), the holding company of Hinduja Group, is looking to borrow a total of INR 8,000 crore for the deal. Hinduja Group is in discussions to borrow INR 4,000 crore from non-banking financial company 360 One Prime (formerly IIFL Wealth Prime) to part-finance its acquisition of Anil Ambani-promoted Reliance Capital under the… Continue reading Hindujas may borrow INR 4,000 crore to fund Reliance Capital purchase
Terra Charge partners with Go EV Mobility to develop advanced EV charging hub
The strategic partnership will bring Terra Charge’s global expertise in charging infrastructure with Go EV Mobility’s smart fleet and charging solutions to address prominent challenges in the Indian EV sector. New Delhi:Terra Charge, an EV Charging Infrastructure Development company, and Gurgaon-based all-electric end-to-end logistics solution provider Go EV Mobility, has announced an exclusive partnership to… Continue reading Terra Charge partners with Go EV Mobility to develop advanced EV charging hub
Eicher Motors Q3 profit rises 34% at INR 996 crore
Royal Enfield, a part of Eicher Motors, sold 2,29,214 motorcycles in the third quarter, an increase of 4% as compared to 2,19,898 units in the same period in FY 2022-23, it said. New Delhi: Eicher Motors on Tuesday said its consolidated net profit increased 34% to INR 996 crore for the third quarter ended December… Continue reading Eicher Motors Q3 profit rises 34% at INR 996 crore
Audio Interview: Challenges and Opportunities for the German Automotive Industry
In this GlobalAutoIndustry.com Audio Interview “Challenges and Opportunities for the German Automotive Industry” Ron Hesse speaks with Dr. Wolfgang Bernhart. Dr. Bernhart has been a Partner at Roland Berger’s Stuttgart office since 2007 and is an expert for automotive topics. He has carried out numerous strategy projects and transformation programs around the world. He helps… Continue reading Audio Interview: Challenges and Opportunities for the German Automotive Industry
Vehicle registrations rise 15% in Jan driven by strong demand for passenger vehicles and two-wheelers
The passenger vehicle segment achieved a new all-time high in January, retailing 3,93,250 vehicles and surpassing the previous record set in November 2023. As per data collated by Federation of Automobile Dealers Association (FADA) from the VAHAN portal of the Ministry of Road, Transport and Highways (MoRTH) as many as 2,127,653 vehicles were registered last… Continue reading Vehicle registrations rise 15% in Jan driven by strong demand for passenger vehicles and two-wheelers
Companies step up background checks on logistics, delivery staff
Given high attrition in temp roles, OnGrid for instance, can deliver a ‘basic hygiene check’ within four hours, aligning with the need for swift hiring procedures. Companies are increasing and tightening background checks on delivery and warehouse staff, drivers, logistics partners and even temporary workers as they look to weed out candidates with fradulent or… Continue reading Companies step up background checks on logistics, delivery staff
India largest source of global oil demand growth by 2030: IEA
Representative image. India will become the largest source of global oil demand growth between now and 2030, while growth in developed economies and China initially slows and then subsequently goes into reverse in our outlook, a latest report ‘Indian Oil Market Outlook to 2030’ released at the second edition of India Energy Week 2024 in… Continue reading India largest source of global oil demand growth by 2030: IEA