After the final separation of the various group companies among the three principal family groups, different holding structures and business trusts are expected to be created. A plan to divide the Murugappa Group equally among three family groups that’s been over two years in the making has got stuck, said people with knowledge of the… Continue reading Murugappa plan to split group into 3 hits a bump
Author: Economic Times of India Online News
NICSI has executed over 25000 projects in India & other countries, its FY24 turnover was INR 2,360 cr: MD
The open architecture of e-office makes it amenable to replication across central, state and local governments. “One of the key projects being implemented by NICSI is Integrated Road Accident Database (iRAD). The Ministry of Road Transport and Highways (MoRTH) is spearheading this project with the aim of analyzing road accidents data to find ways for… Continue reading NICSI has executed over 25000 projects in India & other countries, its FY24 turnover was INR 2,360 cr: MD
3PL players continue to drive industrial & logistics leasing in H1 2024
Representative Image The rising demand from third-party logistics (3PL) players have continued to drive the absorption of industrial and logistics with a 40% share in the first half of 2024, followed by engineering & manufacturing firms with an 18% share and fast-moving consumer goods (FMCG) Firms at 10%, showed data from CBRE South Asia. Based… Continue reading 3PL players continue to drive industrial & logistics leasing in H1 2024
Copper drops as end of strike at major mine eases supply concerns
On the demand side, outlook for the top metals consumer China remained challenging, creating downside risks for copper, said Ewa Manthey, a commodities analyst at ING. Copper prices fell on Friday as mining giant BHP said a strike at its Escondida copper mine in Chile would end the same day, easing concerns about global supply.… Continue reading Copper drops as end of strike at major mine eases supply concerns
India recognised as the global driver of steel demand growth
The ministry stated that this growth highlights the country’s significant role in shaping global steel markets and supporting industrial advancements worldwide. New Delhi: India has been recognised as the leading global driver of steel demand growth since 2021, according to a statement from the Ministry of Steel on Friday. The ministry emphasized that, according to… Continue reading India recognised as the global driver of steel demand growth
FTC sues Asbury Automotive for charging Black, Latino customers more
The company intends to fight the allegations, according to a statement by Andrew Ferguson, one of two Republican FTC commissioners. The U.S. Federal Trade Commission sued Asbury Automotive Group on Friday, alleging that three of its dealerships in Texas charged Black and Latino customers higher prices than others, and routinely added services to customers’ contracts… Continue reading FTC sues Asbury Automotive for charging Black, Latino customers more
Green power is losing the battle to clean up hydrogen
It also appeals to the mainstream oil industry, who have far more money at present to splash on developing new technology than cash-hungry green H2 start-ups. In the race to clean up industry, clean energy is slipping behind fossil fuels. That’s because we’ve pinned a lot of hopes on the prospects of hydrogen. In theory,… Continue reading Green power is losing the battle to clean up hydrogen
India’s steel demand to grow by 8% annually in 2024 and 2025: Steel Ministry
The centre has launched a Domestically Manufactured Iron & Steel Products (DMI&SP) Policy and Production Linked Incentive (PLI) Scheme for Specialty Steel to support the sector. The centre expects India’s steel demand to grow by 8% in 2024 and 2025. An official statement said this will be driven by continued growth in infrastructure development. “India… Continue reading India’s steel demand to grow by 8% annually in 2024 and 2025: Steel Ministry
Hyundai India foundation introduces scholarship program worth INR 3.38 cr
The program is designed to provide not just financial aid but also emotional and social support, ensuring that deserving candidates can concentrate on their studies without the burden of financial stress. Hyundai Motor India Foundation (HMIF), the philanthropic wing of Hyundai Motor India Limited, has initiated the ‘Hyundai Hope Scholarship Program.’ Launched recently by H.… Continue reading Hyundai India foundation introduces scholarship program worth INR 3.38 cr
Centre plans to make NH authorities’ nod mandatory for speed limit changes by states
Sources said the new provision would mean that violators would have to pay double the fine for all offences committed from jumping red light, speeding and lane violation to not having an active fitness certificate and permit. New Delhi: In its bid to end confusion about speed limit on national highways and expressways across states,… Continue reading Centre plans to make NH authorities’ nod mandatory for speed limit changes by states