Panasonic forecast that its profit will improve by at least 150 billion yen ($1 billion) by the fiscal year through March 2027, and by 300 billion yen ($2.1 billion) by the fiscal year through March 2029. Panasonic will slash its global workforce by 10,000 people, half in Japan and half overseas, to become a more… Continue reading Japanese tech company Panasonic cuts 4% of its global workforce as profits falter
Author: Economic Times of India Online News
Britain announces 1 bn pound AESC gigafactory funding deal
Japanese carmaker Nissan operates Britain’s largest car manufacturing site in Sunderland. The company announced a major investment in the plant in 2023 to build electric versions of two of its cars. Britain on Friday announced a 1 billion pound ($1.33 billion)funding deal for a new AESC gigafactory which will manufacture electric vehicle batteries. Japanese-headquartered battery… Continue reading Britain announces 1 bn pound AESC gigafactory funding deal
Just 10% of Nagpur vehicles have HSRP as deadline nears
Complaints are rising about fitment centres overcharging and using incorrect fixtures. With just 53 days remaining until the June 30 deadline for High Security Registration Plate (HSRP) installation, compliance in Nagpur remains abysmally low. Of the 13.27 lakh vehicles registered before April 1, 2019, across the city’s two RTO zones, only 10.3% completed the mandatory… Continue reading Just 10% of Nagpur vehicles have HSRP as deadline nears
Domestic hydrogen manufacturers seek purchase obligation to prevent assets from stranding
According to the industry body, without HPOs and Demand Support, planned hydrogen plants and supply projects risk becoming stranded assets. Representatives from India’s Hydrogen manufacturers have requested the centre to introduce Hydrogen Purchase Obligations (HPOs) and Demand Side support for Refineries and Ammonia Plants. A similar approach was adopted for promoting solar and wind energy… Continue reading Domestic hydrogen manufacturers seek purchase obligation to prevent assets from stranding
Sibanye raises Finland lithium project cost estimate to $880 million
A total of 508 million euros had been spent on the project by the end of March 2025, Sibanye added. Sibanye Stillwater said on Friday it had raised the estimated total cost of its Keliber lithium project in Finland by 17% to 783 million euros ($880 million), mainly due to additional regulatory requirements and changes… Continue reading Sibanye raises Finland lithium project cost estimate to $880 million
Expressways and highways: How they are transforming India’s economic landscape
India’s fast growth is being quietly driven by its expanding road network. Highways and expressways aren’t just paths from one place to another, they connect the country, boost trade, and open up new opportunities across cities, towns, and villages. A backbone for growthIndia’s highways and expressways have grown like never in the past ten years.… Continue reading Expressways and highways: How they are transforming India’s economic landscape
India-UK FTA: JLR, Diageo among winners of model trade deal
Highlights India has agreed to slash tariffs on United Kingdom-made cars and whiskey as part of a comprehensive trade agreement, making it cheaper for UK companies to sell a variety of goods in India. The deal will reduce whiskey and gin tariffs from 150 per cent to 75 per cent, eventually settling at 40 per… Continue reading India-UK FTA: JLR, Diageo among winners of model trade deal
Trump keeps 10% tariffs on UK but cuts taxes on British autos, steel and aluminum with trade deal
“Right now, you can’t get any higher,” Trump said. “It’s at 145, so we know it’s coming down.” President Donald Trump agreed Thursday to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal but played down the possibility of other nations getting similarly favorable terms on his import taxes, which are… Continue reading Trump keeps 10% tariffs on UK but cuts taxes on British autos, steel and aluminum with trade deal
NITI Aayog to outline green transition path, investment needs across power, transport, industry, construction
The Niti Aayog will soon firm up policy interventions as well as investments needed across key sectors of power, transport, industry and building and construction to help India in green energy transition and meet the national net-zero commitment by 2070. It is assessing India’s requirement for technology upgradation and financial investments across these sectors and… Continue reading NITI Aayog to outline green transition path, investment needs across power, transport, industry, construction
US automakers blast Trump’s UK trade deal
Trump last week unveiled some steps to lessen the impact of tariffs on imported auto parts in moves applauded by GM and Ford. The Trump administration’s latest trade deal with Britain unfairly penalizes US automakers that have partnered with Canada and Mexico, a trade group representing Detroit automakers said Thursday. In a sharply-worded statement, the… Continue reading US automakers blast Trump’s UK trade deal