The RBI strategically buys dollars when the Rupee is strong and sells when it weakens. India’s foreign exchange reserves rose by $4.698 billion in the week that ended September 12 to $702.966 billion, marking the third consecutive weekly increase, the Reserve Bank of India (RBI) said in its latest ‘Weekly Statistical Supplement.’ The forex reserves… Continue reading India’s forex reserves climb by $4.7 bn to hit $702.97 bn
Author: Economic Times of India Online News
Navaratri bonanza for buyers as car, bike makers roll out price cuts
“There can’t be any better time than to really go for the motorisation in the Indian market,” Maruti Suzuki India Senior Executive Officer (Marketing & Sales) Partho Banerjee said. Buyers are in for a bonanza with leading automakers Maruti Suzuki, Tata Motors and Hyundai Motor India set to cut prices from Monday, coinciding with the… Continue reading Navaratri bonanza for buyers as car, bike makers roll out price cuts
New IISc design boosts EV fast-charging efficiency by up to 5%
The design is also compatible with renewable energy sources like solar, allowing for greater integration of clean power. With rapid growth of electric vehicles (EVs), one of the biggest challenges remains the need for reliable fast-charging stations that can deliver power exceeding 1MW – enough to run 1,000 homes. Conventional charging stations rely on line… Continue reading New IISc design boosts EV fast-charging efficiency by up to 5%
Our efforts are focussed on reducing imports in hydrogen production: NITI Aayog member Saraswat
NITI Aayog’s V.K. Saraswat says focus is on cutting imports for hydrogen production. Dr. V.K. Saraswat, Member of NITI Aayog, stated on Friday that the current emphasis is on reducing imports for hydrogen production in the country. Speaking to reporters in Bengaluru, Saraswat said, “Work is underway in various sectors regarding hydrogen fuel. Our current… Continue reading Our efforts are focussed on reducing imports in hydrogen production: NITI Aayog member Saraswat
CM Stalin to unveil 25-year mobility plan and QR-based unified ticketing for Chennai’s transport
TN CM Stalin to unveil 25-year Chennai mobility plan and unified QR-code ticketing system next week. Tamil Nadu Chief Minister M.K. Stalin will unveil a landmark 25-year Comprehensive Mobility Plan (CMP) for the Chennai Metropolitan Area next week, along with the launch of a single QR-code-based ticketing system that will unify all major modes of… Continue reading CM Stalin to unveil 25-year mobility plan and QR-based unified ticketing for Chennai’s transport
Unionised workers of Kia vote in favour of strike for higher wages
Nearly 80% of Kia union workers vote in favour of strike for higher wages and benefits. Unionised workers of Kia Corp., a major carmaker in South Korea, have voted in favour of a strike to call for higher wages and other benefits. In a daylong vote, 79.5 percent of members of Kia’s labor union supported… Continue reading Unionised workers of Kia vote in favour of strike for higher wages
Hindustan Copper, Oil India sign pact for exploration of critical minerals
Hindustan Copper signs initial pact with Oil India for exploration of critical minerals. Hindustan Copper Ltd (HCL) on Friday entered into an initial pact with Oil India Ltd for cooperation on exploration and development of critical and strategic minerals, including copper. The development comes at a time when the country is prioritising domestic production to… Continue reading Hindustan Copper, Oil India sign pact for exploration of critical minerals
VNT expands EV charging network to power buses, trucks, and mining fleets in India
India’s EV sales rise 16% to 20.38 lakh in FY25, reaching 7.8% of total auto market; VNT expands charging network. India’s electric vehicle market is surging, with 20.38 lakh EVs sold in FY 2024-25, up 15.68 per cent from the previous year. EVs now account for 7.8 per cent of total automobile sales, reflecting the… Continue reading VNT expands EV charging network to power buses, trucks, and mining fleets in India
NBFCs see rising delinquencies despite steady growth; vehicle loans under pressure
NBFCs in India face rising asset quality risks, especially in subprime and vehicle loans, even as strong growth and resilient gold lending support sector stability. The non-banking financial companies (NBFCs) sector has expanded sharply over the past few years, often outpacing credit growth in the banking system. While growth remains strong, concerns over asset quality… Continue reading NBFCs see rising delinquencies despite steady growth; vehicle loans under pressure
Tariffs pressure carmakers; price hikes could be on the horizon
US automakers absorb tariff costs, delaying expected rise in car prices for consumers. Automakers have been absorbing billions in added expenses since U.S. President Donald Trump’s tariffs took effect in April, sparing American car shoppers from sticker shock. So far. Car prices were supposed to have bolted higher by now, auto executives and analysts predicted.… Continue reading Tariffs pressure carmakers; price hikes could be on the horizon