The three collectively hold 58.5% of the cash-strapped EV unit, whose factory in the northern city of Tianjin stopped production at the start of 2024. Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders to sell… Continue reading China Evergrande EV unit shares skyrocket after liquidators agree to sell stake
Author: Economic Times of India Online News
Rupee set to open steady to higher on Monday
The dollar index was at 104.7 after declining nearly 0.3% on Friday as traders likely booked profits after recent gains. The Indian rupee is expected to open little changed to slightly higher on Monday, with an uptick in most Asian currencies likely to help the unit extend gains beyond the two-month high hit last week.… Continue reading Rupee set to open steady to higher on Monday
Challenges and opportunities for India’s renewable hydrogen industry
Despite these challenges, India’s renewable hydrogen/ammonia is expected to remain competitive globally due to its cost advantages. India is positioning itself as a key player in the renewable ammonia market with several international trade agreements already inked and more on the horizon. According to S&P Global Commodity Insights, however, industry insiders emphasize the need for… Continue reading Challenges and opportunities for India’s renewable hydrogen industry
For road transport operators, revenue growth expected to double to 9-11% this year
Reports suggest that auto manufacturers will soon have to install air conditioners inside driver cabins of trucks, and the rollout is expected to begin sometime in 2025. New Delhi: Revenue growth for road transport fleet operators is expected to double to 9-11 per cent in the current financial year 2024-25, according to a report by… Continue reading For road transport operators, revenue growth expected to double to 9-11% this year
EU should follow US on tariffs over Chinese goods, Italy minister says
Urso called for a stronger industrial policy by the European Union as the bloc approaches European Parliament elections next month. The European Union should follow the example of the United States and protect its industry by imposing tariffs on Chinese products, Italian Industry Minister Adolfo Urso said on Saturday. U.S. President Joe Biden unveiled steep… Continue reading EU should follow US on tariffs over Chinese goods, Italy minister says
India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
India is seen by international agencies and top rating firms as an emerging economic superpower of the world. While risk of global recession has receded but concerns of inflation is impending which re-ignites the risks of global financial stability. IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth this year.… Continue reading India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
Road Ministry against hike in project lending rates, bats for status quo
The central bank earlier this month proposed tighter norms, requiring lenders to allocate 5% of the project loan amount as general provisions during the construction phase, up from 0.4% provisions now. The ministry of road transport and highways will bat for status quo in project finance lending rates even as it seeks views from all… Continue reading Road Ministry against hike in project lending rates, bats for status quo
NHAI’s asset monetisation drive poised to generate up to INR 60,000 cr in FY2025
In April 2024, NHAI announced an indicative list of 33 road assets targeted for monetisation in FY2025. New Delhi: The National Highways Authority of India (NHAI) is on track to bolster its revenue through a targeted asset monetisation strategy, potentially fetching up to INR 60,000 crore in the fiscal year 2025, according to an assessment… Continue reading NHAI’s asset monetisation drive poised to generate up to INR 60,000 cr in FY2025
Green jobs on the rise in India’s renewable energy industry
India as a whole also aims to reduce the emissions intensity of GDP by 45%. Finally, India commits to net-zero emissions by 2070. India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency… Continue reading Green jobs on the rise in India’s renewable energy industry
US-China trade war deepens as tariff exclusions end on hundreds of Chinese products
Last week, US President Joe Biden announced to quadruple tariffs on Chinese electric vehicles (EVs) and hiked duties for solar cells, semiconductors and other “strategic” sectors. In a bid to cut dependency on Chinese products, the US has banned, restricted or put high tariffs on hundreds of goods imported from the country in recent months… Continue reading US-China trade war deepens as tariff exclusions end on hundreds of Chinese products