This remarkable achievement underscores M&M’s strong position in the market and its ability to deliver consistent growth and value to its shareholders. Mahindra & Mahindra (M&M) has made a significant leap in the Indian market, overtaking Tata Motors to become the country’s second most valuable company. M&M’s market capitalization has soared to INR 3,65,193 crore,… Continue reading M&M’s market cap hits record high, overtakes Tata Motors
Author: Economic Times of India Online News
Japan could be energy-independent by 2060 thanks to renewables, says Rystad Energy CEO
“All Japan needs is to continue installing as much solar as it did in the years before 2020. From 2014, you installed between 10 and 12 gigawatts on the peak,” Rystad said. Japan, a major coal and liquefied natural gas (LNG) buyer, could be energy-independent by 2060 thanks to expansion of solar and wind power… Continue reading Japan could be energy-independent by 2060 thanks to renewables, says Rystad Energy CEO
India likely to present Budget on July 22
Finance Minister Nirmala Sitharaman’s last Budget presentation was a vote on account due to Lok Sabha elections scheduled between April and May. Union Budget 2024 is expected to be presented on July 22, sources told ET. This will mark the first full Budget of the Modi 3.0 administration. The main policy priorities for Prime Minister… Continue reading India likely to present Budget on July 22
Rupee little changed; cenbank intervention expectations blunt drop in Asia FX
The rupee was at 83.53 against the U.S. dollar as of 10:00 a.m. IST, little changed compared to its close at 83.5425 in the previous session. The Indian rupee was nearly unchanged on Friday as expectations that the central bank would guard against a fall to the currency’s all-time low countered weakness in most Asian… Continue reading Rupee little changed; cenbank intervention expectations blunt drop in Asia FX
Road contractors relieved from developing wayside amenities
Under the existing provision, a highway contractor or concessionaire is responsible for developing WSAs, placing an additional responsibility on contractors to build, run and maintain such facilities. New Delhi: The National Highways Authority of India (NHAI) has scrapped the requirement for developing wayside amenities along new highways and expressways by road contractors and concessionaires. Instead,… Continue reading Road contractors relieved from developing wayside amenities
Largest US oil trade group to sue to block Biden’s EV push
In the final rule, Biden slashed its target for electric vehicle adoption amid auto worker backlash, but the watering down of the measure did little to pacify an oil industry that needs gas-powered cars to survive. The nation’s largest oil trade group, which includes Exxon Mobil and Chevron, will file a federal lawsuit on Thursday… Continue reading Largest US oil trade group to sue to block Biden’s EV push
Indian steel producers worry as weak domestic demand and Chinese dumping depress prices further
“India’s share of steel exports to the UAE has declined to 6.9% in FY24 from 10.4% in FY23,” said Sumit Jhunjhunwala, Assistant Vice President & Sector Head-Corporate Ratings, ICRA Limited. Domestic steel makers are facing a double whammy of weak local demand coupled with a slowdown in Chinese real estate putting pressure on exports. Besides… Continue reading Indian steel producers worry as weak domestic demand and Chinese dumping depress prices further
German industry, policymakers urge patience on hydrogen conversion
If Germany does not manage the move to hydrogen, it will weaken the entire bloc’s chances of adopting it and competing successfully with the United States and China. Investor caution about hydrogen as a future source of energy to reduce emissions of greenhouse gases did not suggest slowing resolve to phase out fossil fuels, German… Continue reading German industry, policymakers urge patience on hydrogen conversion
International Road Federation calls for reducing GST on helmets from 18% to nil
“This in turn will assist, not only in reducing road accident fatalities of 2W riders, but will also help in reducing the whooping GDP loss due to road accidents to our economy,” Kapila said. The International Road Federation (IRF), a Geneva-based global road safety body, has urged the Goods & Service Tax (GST) council and… Continue reading International Road Federation calls for reducing GST on helmets from 18% to nil
Mahindra Group’s strategic focus on business expansion
Updated On Jun 13, 2024 at 07:56 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Mahindra Group CEO and MD Anish Shah New Delhi: Farm equipment to aerostructure conglomerate Mahindra Group will focus on delivering scale with its businesses that it ‘believes’ will cover 70% of India’s growth over the next… Continue reading Mahindra Group’s strategic focus on business expansion