Harsha Upadhyaya, CIO-Equity, Kotak AMC “Although same cannot be said about Indian domestic investors or the institutional category, but the retail and HNI category seem to be quite light at this point of time,” says Harsha Upadhyaya, CIO-Equity, Kotak AMC. 15-20 days ago, there was nervousness in the market ahead of elections. FIIs were selling.… Continue reading ‘Auto sector to remain an outperformer for next 2 years’
Author: Economic Times of India Online News
India’s metals demand set to surge, bolstered by infrastructure and clean energy plans
In its pursuit of reducing emissions from the steel sector, India is also focusing on adopting low-carbon technologies such as electric arc furnaces, which utilize scrap as a raw material. New Delhi: India’s robust infrastructure, manufacturing, and construction sectors are poised to drive a significant increase in demand for steel, iron ore, coking coal, and… Continue reading India’s metals demand set to surge, bolstered by infrastructure and clean energy plans
EU approves USD 1.5 bn state funded joint hydrogen scheme
This is the fourth such joint hydrogen scheme cleared by the Commission which also acts as the EU competition enforcer. European Union competition regulators approved on Tuesday a 1.4-billion-euro (USD 1.52 billion) hydrogen schemed to be funded by seven EU countries which they expect to unlock an additional 3.3 billion euros in private investments. The… Continue reading EU approves USD 1.5 bn state funded joint hydrogen scheme
Gensol Engineering Q4 net profit rose to INR 20 cr
Gensol Engineering is part of the Gensol group, which provides EPC services for the development of solar power plants. New Delhi: Gensol Engineering Ltd reported a substantial increase in consolidated net profit for the March 2024 quarter, reaching INR 20 crore, driven by higher revenue. In comparison, the company had posted a profit after tax… Continue reading Gensol Engineering Q4 net profit rose to INR 20 cr
Incharz to develop exclusive EV charging stations for 3ECO, signs MoU
3ECO will provide fleet hubs to Incharz for setting up EV charging stations. New Delhi: Incharz, an EV Charge Point Operator, has signed an MoU with 3ECO, a prominent manufacturer of L-3, L-5 cargo vehicles and an EV cargo fleet operator, to develop exclusive EV charging stations for its entire fleet pan India. This initiative… Continue reading Incharz to develop exclusive EV charging stations for 3ECO, signs MoU
The dilemma of tax incentives: Hybrids vs EVs in India
The lower cost of operating an EV is offset by its sticker price and convenience in charging. Hybrid cars are gaining on EVs in India because they represent a gradual pathway to energy transition. Lack of charging infrastructure offsets the tax advantage EVs enjoy over hybrids. Besides, EVs are still more expensive to manufacture, with… Continue reading The dilemma of tax incentives: Hybrids vs EVs in India
China’s industrial profits swing back to growth; EVs revenue fall in April
Li Auto, one of the few profitable Chinese EV makers, posted a 37% fall in first-quarter profit, missing estimates. China’s industrial profits swung back into positive territory in April while gains over the first four months period held steady at first-quarter levels, official data showed on Monday, suggesting steps to prop up the economy had… Continue reading China’s industrial profits swing back to growth; EVs revenue fall in April
Goodluck India Q4 net profit grows 33% to INR 37 cr
Its expenses increased to INR 860.93 crore from INR 730.52 crore in January-March FY23. New Delhi: Steel maker Goodluck India on Tuesday reported a 33% rise in its consolidated net profit to INR 37.21 crore for the March quarter on account of increased revenues. It had posted a profit of INR 27.96 crore for the… Continue reading Goodluck India Q4 net profit grows 33% to INR 37 cr
BHEL ties up with BARC for electrolyser system to produce hydrogen energy
This will be a step further in BHEL’s contribution to the ‘National Green Hydrogen Mission’ and ‘Aatma Nirbhar Bharat Abhiyan’. Bharat Heavy Electricals Limited (BHEL) has signed an agreement with the Bhabha Atomic Research Centre for 50 kW alkaline electrolyser system to produce hydrogen, the company informed the exchange in a filing. “Bharat Heavy Electricals… Continue reading BHEL ties up with BARC for electrolyser system to produce hydrogen energy
Brazil surpasses Belgium as top export market for Chinese EVs, hybrids
Spain, France, the Netherlands and Norway were among the countries that saw biggest falls in imports of China-made electric passenger vehicles in January-April, according to CPCA data. Brazil has overtaken Belgium as the largest export market for Chinese new energy vehicles, industry data showed, as Chinese carmakers increase sales to non-European markets amid European Union’s… Continue reading Brazil surpasses Belgium as top export market for Chinese EVs, hybrids