Despite global uncertainties, India’s exports are set to surge, said Director General of Foreign Trade (DGFT), Santosh Kumar Sarangi, adding that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. According to him, the current geo-political scenario presents a golden opportunity for India to propel exports and increase manufacturing… Continue reading Despite geo-political uncertainties, India’s exports set to cross $800 bn
Author: Economic Times of India Online News
Vedanta board approves appointment of Rajiv Kumar as CEO of aluminium biz
Rajiv Kumar New Delhi, Vedanta on Wednesday said its board has approved the appointment of Rajiv Kumar as CEO of its aluminium business. The development comes at a time when Vedanta is demerging its businesses, including its aluminium business, into four independent entities. “The board of directors at its meeting held on Wednesday, March 26,… Continue reading Vedanta board approves appointment of Rajiv Kumar as CEO of aluminium biz
Most carmakers & consumers stand to lose as Trump’s tariffs spread the pain
The US neighbors could use that window to try to stave off full implementation, even if it’s a long shot. As the fallout from President Donald Trump’s tariff plans comes into relief, a harsh truth is emerging for the automotive industry: There are lots of losers and not many winners. From South Korea’s Hyundai Motor… Continue reading Most carmakers & consumers stand to lose as Trump’s tariffs spread the pain
Maruti Suzuki’s Tapan Sahoo, Sunil Kakkar assume new roles
Updated On Mar 26, 2025 at 04:20 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Caption: Dr Tapan Sahoo and Sunil Kakkar New Delhi: As part of its strategy to grow across digital domains in the industry, Maruti Suzuki India Limited, the country’s largest carmaker, announced on Wednesday that it has… Continue reading Maruti Suzuki’s Tapan Sahoo, Sunil Kakkar assume new roles
Indian steel to see some impact from EU’s import curbs but local demand strong, source says
The source also said there would be no impact from U.S. tariffs on Indian steel, as exports to the U.S. were “insignificant.” India’s government was confident that strong domestic demand for steel would offset the European Union’s plans to tighten steel import quotas from April, a source with direct knowledge of the matter told Reuters.… Continue reading Indian steel to see some impact from EU’s import curbs but local demand strong, source says
Parliament panel bats for OEMs, wants higher subsidy for EVs as overall penetration stays in single digits
Updated On Mar 26, 2025 at 12:46 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The ministry has also not been able to process the pending subsidy claims in a timely manner. The electric vehicle (EV) OEMs have been seeking continuation of government support in the form of purchase incentives or… Continue reading Parliament panel bats for OEMs, wants higher subsidy for EVs as overall penetration stays in single digits
L&T wins its largest order till date as QatarEnergy LNG gives ‘ultra-mega’ contract
Larsen & Toubro shares had eroded morning losses following the news and hit day’s high of Rs 3,495.70 apiece in Mumbai trading. L&T has secured its largest-ever contract in an ultra-mega deal for offshore hydrocarbon business from QatarEnergy LNG. While L&T did not disclose the coontract value, the behemoth involved in engineering, procurement and construction,… Continue reading L&T wins its largest order till date as QatarEnergy LNG gives ‘ultra-mega’ contract
EU tightens steel import restrictions to protect domestic industry and energy transition
The European Commission said Tuesday it would tighten import restrictions on steel from next month in a bid to shield the continent’s ailing steel sector from surging imports. The Commission also published a list of 47 strategic projects to boost the European Union’s production of 14 of the 17 materials it deems critical for its… Continue reading EU tightens steel import restrictions to protect domestic industry and energy transition
India eyes tariff cut on more than half of US imports to shield its exports, sources say
Under the deal, India is open to reducing tariffs on 55% of US goods it imports that are now subject to tariffs ranging from 5% to 30%. India is open to cutting tariffs on more than half of US imports worth $23 billion in the first phase of a trade deal the two nations are… Continue reading India eyes tariff cut on more than half of US imports to shield its exports, sources say
EU trade chief meets with Trump officials to try to head off ‘harmful’ tariffs
Sefcovic has said that the EU was willing to discuss reducing automotive tariffs on both sides of the Atlantic, including the EU’s 10% car tariff and the US 25% truck tariff. The European Union’s trade commissioner Maros Sefcovic was due to meet with US President Donald Trump‘s top trade officials on Tuesday to try to… Continue reading EU trade chief meets with Trump officials to try to head off ‘harmful’ tariffs