Vedanta’s targeted operating profit of USD 7 USD 7.5 billion in 2024-25 (April-March) will be underpinned by its various debottlenecking projects, along with higher volumes and a reduction in co-sts. New Delhi: Resources conglomerate Vedanta will seek to cut debt by up to USD 2 billion in the next fiscal as it focuses on generating… Continue reading Vedanta Looks to Cut debt by up to USD 2 bn
Author: Economic Times of India Online News
Union minister R K Singh says if required, more funds can be given for transport sector under green hydrogen mission
Singh assured the industry that costs will naturally come down, with progress in scaling up and development of indigenous manufacturing. Union Minister R K Singh on Thursday assured stakeholders that if required, additional funds will be allocated under the National Green Hydrogen Mission for the decarbonisation of the transport sector. Chairing a meeting of government… Continue reading Union minister R K Singh says if required, more funds can be given for transport sector under green hydrogen mission
Rupee settles 1 paisa higher at 83.11 against US dollar
The rupee traded on a flat note amid weak domestic markets and rising crude oil prices. Foreign fund outflows also weighed on the domestic currency, said Anuj Choudhary. The rupee rose 1 paisa in a range-bound trade to close at 83.11 (provisional) against the US dollar on Thursday, as the support from weak American currency… Continue reading Rupee settles 1 paisa higher at 83.11 against US dollar
JSW Group Defence arm acquires Gecko Motors to make equipment for Army
Updated On Jan 25, 2024 at 06:07 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals This order is currently under manufacturing at JSW Gecko’s newly set-up manufacturing unit in Chandigarh, Punjab, and will be supplied to the Armed Forces by June 2024. New Delhi: JSW Group, a leading corporate conglomerate, has… Continue reading JSW Group Defence arm acquires Gecko Motors to make equipment for Army
Road Ministry to award projects on quality-cum-cost basis: Nitin Gadkari
According to Gadkari, there have been several cases where officers in the ministry have done away with safety features in highway projects to bring down costs and in the name of making them financially viable. The ministry of road transport and highways will soon move to the quality-cum-cost based selection process for bidding of various… Continue reading Road Ministry to award projects on quality-cum-cost basis: Nitin Gadkari
Lucknow Municipal Corporation gets INR 200 cr to build new roads
He said that the state government chose LMC to grant a budget under CMGS as an incentive for the increase of revenue by INR 100 crore in the last financial year. Lucknow Municipal Corporation (LMC) will identify underdeveloped areas of the city with high traffic load to construct new roads under the Chief Minister Grid… Continue reading Lucknow Municipal Corporation gets INR 200 cr to build new roads
‘Honored to have your back, and you have mine’: Biden endorsed by United Auto Workers in election
But when UAW went on strike against GM in 2019, Trump, then president, was silent. “He said nothing. He did nothing. Not a damn thing because he doesn’t care about the American worker,” Fain said. President Joe Biden picked up an endorsement from the United Auto Workers union Wednesday, an important boost to the Democratic… Continue reading ‘Honored to have your back, and you have mine’: Biden endorsed by United Auto Workers in election
Namo bharat Rapid Rail likely to be extended to Muzaffarnagar and Haridwar: Here is latest update
The proposed extension to Muzaffarnagar and Haridwar could be a big blessing for lakhs of people who travel between these destinations. In what could be a big booster for daily commuters in the National Capital Region in Western UP, the National Capital Region Transport Corporation (NCRTC), is reportedly planning to extend the Namo Bharat train… Continue reading Namo bharat Rapid Rail likely to be extended to Muzaffarnagar and Haridwar: Here is latest update
Aluminium prices at over 2-week high on Russian supply concerns
“However, if this was followed by similar U.S. sanctions and an LME ban, then a broader ex-China tightening effect would generate significant right tail risk to the LME price,” they said. Aluminium prices in London touched their highest levels in over two weeks on Wednesday as traders gauged risks of global supply shortage following reports… Continue reading Aluminium prices at over 2-week high on Russian supply concerns
India’s Container Corp posts higher Q3 profit on growing cargo volumes
Concor’s market share stood at 65%-70%, JM Financial analysts noted in November, after healthy demand lifted the company’s Q2 profit. Container Corporation of India (Concor) reported a jump in third-quarter profit on Wednesday, supported by growth in volumes of cargo handled that eclipsed higher freight prices being passed to consumers. The state-owned company reported a… Continue reading India’s Container Corp posts higher Q3 profit on growing cargo volumes