None of the officials gave a timeline for a start of the two new ventures announced by the global chairman. Blackstone chairman Stephen A Schwarzman on Wednesday said India is well placed to tackle the impact of US tariffs and also announced that the private equity giant will be starting its infra investing and credit… Continue reading India well placed to tackle US tariffs; mulling to start infra investing here: Blackstone
Author: Economic Times of India Online News
Vedanta promoters to maintain 50% stake in each of demerged entities: Anil Agarwal
Vedanta Resources held a 56.38% stake in Vedanta Ltd at the end of the December quarter. Vedanta Ltd‘s promoters will maintain over 50% stake in each of its demerged entities, as the focus remains on creating pure-play companies which will be better placed to capitalise opportunities, the group’s chairman said. The mining conglomerate is looking… Continue reading Vedanta promoters to maintain 50% stake in each of demerged entities: Anil Agarwal
Trump’s trade tariffs add another level of uncertainty to LNG market: Tom Summers
Summers defended Shell’s India terminal’s underutilisation, saying global utilisation average is probably 50% or less. US President Donald Trump’s move to impose trade tariffs have added “another level of uncertainty” to the liquefied natural gas (LNG) market, a senior Shell LNG marketing executive said, adding that LNG trade will find ways to adapt to logistical… Continue reading Trump’s trade tariffs add another level of uncertainty to LNG market: Tom Summers
CII Northern Region appoints Sunjay Kapur as chairman
The Confederation of Indian Industry (CII) Northern Region has announced new office bearers for 2025-26 at its annual regional meeting held in New Delhi. Sunjay Kapur, chairman, Sona Comstar, has been elected as chairman, while Puneet Kaura, managing director and chief executive officer, Samtel Avionics, will serve as the deputy chairman. Sunjay Kapur, chairman, CII… Continue reading CII Northern Region appoints Sunjay Kapur as chairman
Montra Electric expands EV footprint with new e-SCV plant in Chennai
The facility, spread across approximately 5 lakh square feet, has an annual production capacity of 50,000 vehicles. Montra Electric’s e-SCV division, TIVOLT Electric Vehicles has inaugurated its dedicated manufacturing plant for electric small commercial vehicles (e-SCV) in Ponneri, Chennai. The plant will primarily manufacture Eviator, Montra Electric’s latest product in the e-SCV segment. The facility,… Continue reading Montra Electric expands EV footprint with new e-SCV plant in Chennai
Trump’s 25 % tariffs on all steel and aluminum imports go into effect
While Trump’s tariffs could help steel and aluminum plants in the United States, they could raise prices for the manufacturers that use the metals as raw materials. President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create US factory jobs at a… Continue reading Trump’s 25 % tariffs on all steel and aluminum imports go into effect
Shanghai copper gains on signs of improving China demand
Refined copper output in China will likely slide in April as more smelters will start equipment maintenance and those suffering severe loss will lower their capacity utilisation rates, analysts at First Futures said in a note. Shanghai copper outperformed its base metals peers on Wednesday, on prospects of improving demand of the red metal used… Continue reading Shanghai copper gains on signs of improving China demand
China, EU vow countermeasures against sweeping US steel tariffs
Daco of EY also noted that the new steel and aluminium levies go further than measures Trump imposed in 2018 — covering a range of finished products atop of raw steel and aluminium. China and the EU vowed Wednesday to strike back and defend their economic interests against sweeping new US steel and aluminium tariffs,… Continue reading China, EU vow countermeasures against sweeping US steel tariffs
Jindal Stainless investing Rs 700 crore on decarbonisation projects
Jindal Stainless Ltd (JSL) on Tuesday said the company is in the process of investing Rs 700 crore in decarbonisation projects to achieve its net-zero goals by 2050. The investments will continue over next five years to set up various environment-friendly projects, which include renewable energy, green hydrogen, biodiversity conservation, waste management and adoption of… Continue reading Jindal Stainless investing Rs 700 crore on decarbonisation projects
One global market is barreling toward a war with Trump’s latest tariff offensive
That export surge has already triggered a wave of pushback from trade partners — who now fear they will have to bolster protection still further. US President Donald Trump is unleashing sweeping import tariffs that he says will reverse the decline of America’s steel towns. But the US isn’t the only nation rushing to protect… Continue reading One global market is barreling toward a war with Trump’s latest tariff offensive