Tai said Wednesday the formal notice is an important step in making “substantial tariff increases on targeted, strategic products.” Some of the steep U.S. tariff increases on an array of Chinese imports, including electric vehicles and their batteries, computer chips and medical products, will take effect on Aug. 1, the U.S. Trade Representative‘s office said… Continue reading US says tariff increases on Chinese EVs, batteries and chips to start Aug. 1
Author: Economic Times of India Online News
Experts optimistic about roads and highways sector; expect INR 3 lakh crore boost
“The idea behind bringing in revised norms for BOT projects was to increase the level of private participation in the sector and keep NHAI’s debt level in check,” Rishabh Jain, Associate Director, India Ratings & Research said. New Delhi: Industry experts are optimistic about the roads and highways sector and expect nearly INR 3 lakh… Continue reading Experts optimistic about roads and highways sector; expect INR 3 lakh crore boost
MG India to deliver 3000 EVs for Vertelo fleet
Gaurav Gupta, Chief Growth Officer, MG India & Sandeep Gambhir, Chief Executive Officer, Vertelo New Delhi: MG (Morris Garages), a British automobile brand with a 100-year-old legacy, has signed an MoU with Vertelo, a Macquarie-managed integrated fleet electrification platform, funded by Green Climate Fund. The partnership includes the delivery of 3,000 MG electric vehicles to… Continue reading MG India to deliver 3000 EVs for Vertelo fleet
Revenue of Bengaluru Metro increased despite implementing Shakthi scheme: Karnataka Transport Minister to PM Modi
The Minister said that there has been an increase of 35 lakh metro passengers per month in 2024 compared to 2023, and revenue has increased by INR 1.10 crore per month. Following Prime Minister Narendra Modi’s comment that allowing free travel to women in non-luxury government buses would adversely affect the revenues of Metro Rail,… Continue reading Revenue of Bengaluru Metro increased despite implementing Shakthi scheme: Karnataka Transport Minister to PM Modi
India only nation among top 5 to see growth in steel production
The country has seen an 8.5% growth in production between Jan-Apr this year, having produced 49.5 million tonne of steel. India is the only country, among the top five steel producing nations, to have seen a growth in production in April, with the others seeing production drop by as much as 7% during the month.… Continue reading India only nation among top 5 to see growth in steel production
OSRTC’s LAccMI project empowers over 2,000 Odisha women, fosters financial freedom
OSRTC’s LAccMI Project Empowers 2,000+ Odisha Women, Fosters Economic Independence. New Delhi: Geetanjali Jena and her family of five were struggling to meet and manage household expenses and educate the three children. She did odd jobs like tailoring and tutoring poor children but could not make both ends meet. It was then that she learnt… Continue reading OSRTC’s LAccMI project empowers over 2,000 Odisha women, fosters financial freedom
Minda Corp Q4 FY24 PAT up 5.8% to INR 71 cr
For FY 2024, the company reported highest-ever operating revenue of INR 4,651 crore with a growth of 8.2%. EBITDA margin of 11.1% was an increase of 33 bps YoY. New Delhi: Minda Corporation Limited, the flagship company of Spark Minda, Wednesday announced its financial results for the fourth quarter and the financial year ended March… Continue reading Minda Corp Q4 FY24 PAT up 5.8% to INR 71 cr
Stricter regulations for driver’s license in India introduced from June 1
Updated On May 22, 2024 at 07:07 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals This will be achieved by getting rid of around 900,000 old government vehicles and enforcing stricter regulations on car emissions. Effective from June 1st, the Ministry of Road Transport and Highways has implemented new rules for… Continue reading Stricter regulations for driver’s license in India introduced from June 1
Why do auto companies struggle to implement JIT in their entire supply chain: Conceptual lacuna or implementation gaps?
Since suppliers would have already set their manufacturing plans based on forecasts/schedules shared by OEMs, their ability to respond promptly to OEMs’ daily changes is limited. New Delhi: JIT was conceptualized by Toyota to enable firms to respond quickly to market demand and facilitate a smoother flow of inventory (protected from the bullwhip effect, which… Continue reading Why do auto companies struggle to implement JIT in their entire supply chain: Conceptual lacuna or implementation gaps?
US auto insurance shoppers jump 6% in Q1, says TransUnion
Auto insurance costs in April climbed 22.6% from a year earlier, according to the Bureau of Labor Statistics, which is the largest annual increase since the 1970s. The number of U.S. customers shopping for auto insurance in the first quarter was 6% higher than a year earlier, according to credit reporting agency TransUnion , underscoring… Continue reading US auto insurance shoppers jump 6% in Q1, says TransUnion